Post by fastwalker on Jun 25, 2005 11:46:30 GMT -5
cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1119673447
I've been giving some thought to CMKX over the last week, more so than usual. Everyone, myself included, is trying to figure out just what the heck is going on with this company. Is it a scam, is there really something big behind it?, we just don't know. It has been an emotional roller coaster every day, some ups and some downs. I've gone from writing the whole thing off to maybe some miracle is going to happen, but again, nobody really knows. There are basically two ways to look at the entire story, good for the shareholders or bad for the shareholders. So I decided to try to stay with the good for shareholders story by going back to the beginning, and trying to piece this thing together like so many others have done as well. Add in a little shareholder psychosis, some dreaming, a little reality (maybe) and here is the story I came up with. I am going to use "generalities" so the time frames and other specifics may not be exactly right, but it doesn't matter all that much for the purposes of this, it's the overall big picture that really matters.
In the beginning of 2003 CMKX (I believe it may have been CMKI at the time) files a Form 15 to go non reporting, no big surprise there. The stock meanders for most of 2003 with some volume but not what we would consider huge by today's standards, (thinking) if this were a scam I would have expected huge volume right after the company went non reporting. Then around September of 2003, the volume starts to really escalate. There was a dividend and/or forward split so that more than likely helped create the higher volume. Dividends and forward splits generally signal the company is in good health, so we'll take it at face value. The heavy volume continues through the end of 2003 and into 2004. There were some PR's about the company's progress and a possible merger/buyout of another company, etc. Then in the spring of 2004, CMKI changes it's ticker symbol to CMKX for no apparent reason, at least that I'm aware of but that was before my time anyway and is not critical to the overall story. About the time of the symbol change lot's of other company's were doing the same thing, it was also rumored that if you wanted to put a halt to any short selling of your company that changing the ticker symbol was one way to do it. I then began wondering if CMKX knew there was something funny going on with the stock at that time, so they changed the ticker symbol, but nothing happened, it didn't work.
A couple of months go by, the volume continues to accelerate, and the PR's are still coming out. In mid to late June of 2004 a bombshell PR comes out announcing the arrival of Roger Glenn who is going to represent our company. More importantly, slightly before and slightly after Roger Glenn's arrival, the stock price takes off for the only time in the history of CMKX, definitely makes you wonder if someone got scared. After much research it becomes apparent that this guy is no small fish, he is a partner in one of the largest law firms in the country. It is highly unlikely that Urban Casavant went waltzing through the front doors of Edwards & Angell, wearing his racing shirt and hat, and secured a partner of this law firm to represent CMKX, it had to be someone else who arranged it. About a month or so goes by and some dividend PR's start to appear, one after the other, the crowd goes wild and everyone is riding high, but the stock price didn't react. Another common rumor in the marketplace is that if you want to put a halt to someone that is shorting your company, dividends are the way to do it. The timing of Roger Glenn's appearance and the string of dividends are almost identical, this was more than co-incidental if you ask me.
Several months go by, the dividends continued to flow, the stock volume continued to accelerate and yet the stock price still has not reacted. In late 2004 a PR is issued thanking Roger Glenn for his efforts, which basically told us, he is no longer representing CMKX. This was definitely a blow to the shareholders, but then I began wondering if he was brought in specifically to try to bust the shorts by orchestrating the string of dividends. It obviously did not work, so CMKX probably thought to themselves that there was not much sense in keeping him around any longer. Yes, I am aware that his mission was to bring the company to a fully reporting status. After the departure of Roger Glenn, things started to get nasty in a hurry, UCAD was halted along with an SEC investigation, the Las Vegas shareholders party debacle, etc., you all know the story. Before we go any further, it is important to mention that there were periodic increases in the A/S, from 200 billion, to 500 billion, to 800 billion, etc. I'm sure that some or a good portion of this was the company selling stock into the market to raise cash, but we never really knew just how much, and we still don't know. I then began wondering, what if there was more to that story than meets the eye?
Suppose for a minute that after the company realized they could not bust the shorts by a ticker symbol change and issuing dividends, why not give the shorts what they really wanted? A sign that this company was nothing but a sham and was definitely going belly up. If you are a short seller, these are the tell tale signs that you would look for, a company with many promises that never really delivered anything, they are apparently issuing large amounts of stock into the market, and the company appears to be run by a bunch of bungling boobs. These signs are like a Roman Candle going up as a signal to the shorts to attack, and that's exactly what they did, even more so than before. With Roger Glenn either on his way or or already gone, any ray of hope we had was pretty much gone at this point, and it was party time at shorty's house. In early 2005 another somewhat of a bombshell PR is issued announcing the arrival of Robert Mahue, and after doing the research we all know the history of Iron Bob. This was possibly another attempt to get the shorts to back off and right what was wrongly done to the company, but again, it didn't work.
If all of this isn't interesting enough, it gets much more interesting from here. CMKX at this point is pretty much in the Devil's jaws, our credibility is shot, we lost a high profile lawyer, the SEC was all over us and our partner companies, we apparently have a huge O/S with no value to back it up, and you know the rest of the story. Around February of 2005 CMKX files a Form 15 to remove them from non-reporting status, evidently because they realized they could not be a non-reporting company in the first place due to too many shareholders, or was that the real reason? Not long after this event, another bombshell is dropped on the shareholders, the SEC has started revocation proceedings against the company. The filing of the form 15 and the revocation announcement were a strange coincidence in timing, weren't they? The SEC claimed in court that they warned the company back in late 2004 that they were out of non-reporting compliance, well I never saw that evidence, but then I wasn't at the hearing either. Strangely enough at this point in time, Urban begins to take on a tone of thumbing his nose at the establishment. He issues a PR somewhat stating "If the SEC won't allow us to inform our shareholders through our filings, we will comply". This had to be the strangest statement I ever heard anyone make, certainly for a company CEO, and especially to the SEC, "is this guy off his rocker?"
Enter Bill Frizzell and the Owners Group (OG). We all know what Bill Frizzell's mission is and we all know the results of what Phase I has uncovered, and imbalance in the number of CMKX shares out in the market place, and possibly a massive imbalance. This is another strange co-incidence, the company is facing revocation proceedings, and we have a third party attorney who seems to be uncovering some more than questionable trading activity with CMKX stock. In yet another turn of strange events, on one hand we have Bill Frizzell who is trying to save the shareholders, and on the other hand we have CMKX who appears to be trying to sink us by not submitting the filings and thumbing their nose at the system. This brings up another key point, why in the world is CMKX refusing to submit their filings after all of this? Why do they apparently want this company to sink like the Titanic? Well this is where that shareholder psychosis begins to kick in that I mentioned at the beginning of this rambling, follow along, this is where it get's good.
Let's suppose for a minute that revocation of the company is exactly what CMKX wants, why? We've all heard the rumors of the past that if a company has been massively shorted, and they become revoked, not only does it lock all the shareholder in but it also locks all the shorts in with us. Yes, I know, that is just an old wives tale, I used to believe that too until I recently read about all the former PCMB/SRCI shareholders who were revoked a couple of years ago, and are now participating in some sort of share spin-off with a company called CNOS or something like that. I didn't pay all that much attention to the details because it doesn't affect me, but hopefully you get what I'm driving at. That news release is actually what inspired me to write this diatribe. So with that, let me ask you a few questions, when PCBM/SRCI stock was revoked, did the shareholders lose all of their stock as a result of the revocation? Were all of their shares locked in during the period of revocation? If those company's were shorted like we believe CMKX was, is it possible that all of the shorts of PCBM/SRCI were locked in as well? Interesting.
Now back to our situation, while we are supposing let's continue to suppose that CMKX is driving for a revocation for reasons very similar to the PCMB/SRCI story, but before this happens it is crucial that we bring in a third party to publicly prove that there is an imbalance with our stock. The timing of this has to be key, we need to simultaneously prove the short, and lock them in at the same time, once that has been accomplished, CMKX pulls some kind of a switcheroo and sticks the shorts to the wall with no way out. A newly formed company called "Vindication" could be a clue to this so called switcheroo. It is entirely possible that the mechanism which triggered these chain of events was the filing of the Form 15, and the SEC played right into our hands by taking the bait and forcing the revocation hearings. CMKX continues to agitate the situation by thumbing their noses at the SEC and refusing to file, an almost guaranteed formula for revocation. That brings us up to the present, the story continues to unfold, and nobody is really sure exactly what is really going on. All we can do is wait it out and pray that we come out on top.
For those of you who have made it this far, you're probably thinking, "is this guy out of his mind?", maybe, maybe not. If you're willing to stand back and take a totally impartial view of the overall story, I personally do believe, as outrageous as it may sound, that this is really what could be the history behind CMKX. Then again, maybe I need to go take a double dose of PROZAC, lol.
It's been a long time since I've done one of these, and it will probably be a long time before I do another. But it was a lot of fun putting on the old spec-o-lation hat once again and daring to dream that someday we just might get lucky and hit the big time. I hope this inspires the believers, gives you hope, and most of all, I hope you enjoyed it!
Of course, these are strictly my opinions, and may or may not be proven to be factual.
Schmed.
Reply…
Thanks Schmedric. So if the company intends for revocation to lock in the short, then rolls valuable assets into cim, and cmkx already gets 10% cim royalty dividends for life, then shorty is trapped into quite a situation where cmkx shareholders may get royalty money from them for atleast as long as CIM exists. Sounds atleast like a good contingency plan, if not a primary plan. Plus many of us move ahead with older CIM divis, and perhaps everyone together with a newer CIM divi. We will see. I trust that cmkx shareholders will one day benefit from the claims values one way or another, and that shorty will pay dearly for their manipulations.
I've been giving some thought to CMKX over the last week, more so than usual. Everyone, myself included, is trying to figure out just what the heck is going on with this company. Is it a scam, is there really something big behind it?, we just don't know. It has been an emotional roller coaster every day, some ups and some downs. I've gone from writing the whole thing off to maybe some miracle is going to happen, but again, nobody really knows. There are basically two ways to look at the entire story, good for the shareholders or bad for the shareholders. So I decided to try to stay with the good for shareholders story by going back to the beginning, and trying to piece this thing together like so many others have done as well. Add in a little shareholder psychosis, some dreaming, a little reality (maybe) and here is the story I came up with. I am going to use "generalities" so the time frames and other specifics may not be exactly right, but it doesn't matter all that much for the purposes of this, it's the overall big picture that really matters.
In the beginning of 2003 CMKX (I believe it may have been CMKI at the time) files a Form 15 to go non reporting, no big surprise there. The stock meanders for most of 2003 with some volume but not what we would consider huge by today's standards, (thinking) if this were a scam I would have expected huge volume right after the company went non reporting. Then around September of 2003, the volume starts to really escalate. There was a dividend and/or forward split so that more than likely helped create the higher volume. Dividends and forward splits generally signal the company is in good health, so we'll take it at face value. The heavy volume continues through the end of 2003 and into 2004. There were some PR's about the company's progress and a possible merger/buyout of another company, etc. Then in the spring of 2004, CMKI changes it's ticker symbol to CMKX for no apparent reason, at least that I'm aware of but that was before my time anyway and is not critical to the overall story. About the time of the symbol change lot's of other company's were doing the same thing, it was also rumored that if you wanted to put a halt to any short selling of your company that changing the ticker symbol was one way to do it. I then began wondering if CMKX knew there was something funny going on with the stock at that time, so they changed the ticker symbol, but nothing happened, it didn't work.
A couple of months go by, the volume continues to accelerate, and the PR's are still coming out. In mid to late June of 2004 a bombshell PR comes out announcing the arrival of Roger Glenn who is going to represent our company. More importantly, slightly before and slightly after Roger Glenn's arrival, the stock price takes off for the only time in the history of CMKX, definitely makes you wonder if someone got scared. After much research it becomes apparent that this guy is no small fish, he is a partner in one of the largest law firms in the country. It is highly unlikely that Urban Casavant went waltzing through the front doors of Edwards & Angell, wearing his racing shirt and hat, and secured a partner of this law firm to represent CMKX, it had to be someone else who arranged it. About a month or so goes by and some dividend PR's start to appear, one after the other, the crowd goes wild and everyone is riding high, but the stock price didn't react. Another common rumor in the marketplace is that if you want to put a halt to someone that is shorting your company, dividends are the way to do it. The timing of Roger Glenn's appearance and the string of dividends are almost identical, this was more than co-incidental if you ask me.
Several months go by, the dividends continued to flow, the stock volume continued to accelerate and yet the stock price still has not reacted. In late 2004 a PR is issued thanking Roger Glenn for his efforts, which basically told us, he is no longer representing CMKX. This was definitely a blow to the shareholders, but then I began wondering if he was brought in specifically to try to bust the shorts by orchestrating the string of dividends. It obviously did not work, so CMKX probably thought to themselves that there was not much sense in keeping him around any longer. Yes, I am aware that his mission was to bring the company to a fully reporting status. After the departure of Roger Glenn, things started to get nasty in a hurry, UCAD was halted along with an SEC investigation, the Las Vegas shareholders party debacle, etc., you all know the story. Before we go any further, it is important to mention that there were periodic increases in the A/S, from 200 billion, to 500 billion, to 800 billion, etc. I'm sure that some or a good portion of this was the company selling stock into the market to raise cash, but we never really knew just how much, and we still don't know. I then began wondering, what if there was more to that story than meets the eye?
Suppose for a minute that after the company realized they could not bust the shorts by a ticker symbol change and issuing dividends, why not give the shorts what they really wanted? A sign that this company was nothing but a sham and was definitely going belly up. If you are a short seller, these are the tell tale signs that you would look for, a company with many promises that never really delivered anything, they are apparently issuing large amounts of stock into the market, and the company appears to be run by a bunch of bungling boobs. These signs are like a Roman Candle going up as a signal to the shorts to attack, and that's exactly what they did, even more so than before. With Roger Glenn either on his way or or already gone, any ray of hope we had was pretty much gone at this point, and it was party time at shorty's house. In early 2005 another somewhat of a bombshell PR is issued announcing the arrival of Robert Mahue, and after doing the research we all know the history of Iron Bob. This was possibly another attempt to get the shorts to back off and right what was wrongly done to the company, but again, it didn't work.
If all of this isn't interesting enough, it gets much more interesting from here. CMKX at this point is pretty much in the Devil's jaws, our credibility is shot, we lost a high profile lawyer, the SEC was all over us and our partner companies, we apparently have a huge O/S with no value to back it up, and you know the rest of the story. Around February of 2005 CMKX files a Form 15 to remove them from non-reporting status, evidently because they realized they could not be a non-reporting company in the first place due to too many shareholders, or was that the real reason? Not long after this event, another bombshell is dropped on the shareholders, the SEC has started revocation proceedings against the company. The filing of the form 15 and the revocation announcement were a strange coincidence in timing, weren't they? The SEC claimed in court that they warned the company back in late 2004 that they were out of non-reporting compliance, well I never saw that evidence, but then I wasn't at the hearing either. Strangely enough at this point in time, Urban begins to take on a tone of thumbing his nose at the establishment. He issues a PR somewhat stating "If the SEC won't allow us to inform our shareholders through our filings, we will comply". This had to be the strangest statement I ever heard anyone make, certainly for a company CEO, and especially to the SEC, "is this guy off his rocker?"
Enter Bill Frizzell and the Owners Group (OG). We all know what Bill Frizzell's mission is and we all know the results of what Phase I has uncovered, and imbalance in the number of CMKX shares out in the market place, and possibly a massive imbalance. This is another strange co-incidence, the company is facing revocation proceedings, and we have a third party attorney who seems to be uncovering some more than questionable trading activity with CMKX stock. In yet another turn of strange events, on one hand we have Bill Frizzell who is trying to save the shareholders, and on the other hand we have CMKX who appears to be trying to sink us by not submitting the filings and thumbing their nose at the system. This brings up another key point, why in the world is CMKX refusing to submit their filings after all of this? Why do they apparently want this company to sink like the Titanic? Well this is where that shareholder psychosis begins to kick in that I mentioned at the beginning of this rambling, follow along, this is where it get's good.
Let's suppose for a minute that revocation of the company is exactly what CMKX wants, why? We've all heard the rumors of the past that if a company has been massively shorted, and they become revoked, not only does it lock all the shareholder in but it also locks all the shorts in with us. Yes, I know, that is just an old wives tale, I used to believe that too until I recently read about all the former PCMB/SRCI shareholders who were revoked a couple of years ago, and are now participating in some sort of share spin-off with a company called CNOS or something like that. I didn't pay all that much attention to the details because it doesn't affect me, but hopefully you get what I'm driving at. That news release is actually what inspired me to write this diatribe. So with that, let me ask you a few questions, when PCBM/SRCI stock was revoked, did the shareholders lose all of their stock as a result of the revocation? Were all of their shares locked in during the period of revocation? If those company's were shorted like we believe CMKX was, is it possible that all of the shorts of PCBM/SRCI were locked in as well? Interesting.
Now back to our situation, while we are supposing let's continue to suppose that CMKX is driving for a revocation for reasons very similar to the PCMB/SRCI story, but before this happens it is crucial that we bring in a third party to publicly prove that there is an imbalance with our stock. The timing of this has to be key, we need to simultaneously prove the short, and lock them in at the same time, once that has been accomplished, CMKX pulls some kind of a switcheroo and sticks the shorts to the wall with no way out. A newly formed company called "Vindication" could be a clue to this so called switcheroo. It is entirely possible that the mechanism which triggered these chain of events was the filing of the Form 15, and the SEC played right into our hands by taking the bait and forcing the revocation hearings. CMKX continues to agitate the situation by thumbing their noses at the SEC and refusing to file, an almost guaranteed formula for revocation. That brings us up to the present, the story continues to unfold, and nobody is really sure exactly what is really going on. All we can do is wait it out and pray that we come out on top.
For those of you who have made it this far, you're probably thinking, "is this guy out of his mind?", maybe, maybe not. If you're willing to stand back and take a totally impartial view of the overall story, I personally do believe, as outrageous as it may sound, that this is really what could be the history behind CMKX. Then again, maybe I need to go take a double dose of PROZAC, lol.
It's been a long time since I've done one of these, and it will probably be a long time before I do another. But it was a lot of fun putting on the old spec-o-lation hat once again and daring to dream that someday we just might get lucky and hit the big time. I hope this inspires the believers, gives you hope, and most of all, I hope you enjoyed it!
Of course, these are strictly my opinions, and may or may not be proven to be factual.
Schmed.
Reply…
Thanks Schmedric. So if the company intends for revocation to lock in the short, then rolls valuable assets into cim, and cmkx already gets 10% cim royalty dividends for life, then shorty is trapped into quite a situation where cmkx shareholders may get royalty money from them for atleast as long as CIM exists. Sounds atleast like a good contingency plan, if not a primary plan. Plus many of us move ahead with older CIM divis, and perhaps everyone together with a newer CIM divi. We will see. I trust that cmkx shareholders will one day benefit from the claims values one way or another, and that shorty will pay dearly for their manipulations.
