|
Post by azesm on Jun 23, 2004 10:04:42 GMT -5
|
|
|
Post by azesm on Jun 23, 2004 10:05:53 GMT -5
From IHUB:
Posted by: zeninvestor32 In reply to: None Date:6/4/2004 9:27:45 PM Post #of 36648
THE MOST IMPORTANT CMKX POST YOU WILL READ TONIGHT.
One thing nobody has commented on that will be truly revealing is as follows. I am an attorney. I have worked in large New York law firms. I can tell you that when you reach a certain class and stature of law firm (and that includes most every major law firm in New York) that they will NEVER EVER EVER EVER accept a client in exchange for shares. EVER. Not even a Microsoft or GE. Most will never enter into the ethical conflict it would create, let alone expose the law firm to the liability they might face from such an arrangement. And I can tell you that top notch NY securities firms will charge a FORTUNE for their services. If the caliber of NY firm today's PR hinted at is truly a respected NY law firm, then something huge is likely brewing IMO.
The fact that a company without revenues yet and is pink sheeted is finding the money to hire a true NY law firm to ensure proper filing with the SEC and is NOT doing it by offering up shares IMO means something has happened where they need their ducks lined up completely in a row. This will be expensive and somebody obviously wants this done right. In all my years of investing in penny stocks, the only ones I have ever seen actually go anywhere are the ones that hire a Big 5 Accounting firm and a truly national, reputable law firm. In business, they say your two best allies are a damn good accountant and a damn good lawyer. Believe it.
In my opinion, today's PR was far more substantial than many may ever realize. Most every scam or questionable penny stock will 99% of the time go with a "biased" lawyer who is on the take or likely recommended to them by the slime financiers that are dumping their millions of shares. The fact that they are suddenly stepping up to the plate and bringing in a top tier NY securities law firm (assuming this proves to be true) means that something very serious is on the table that requires this level of precision and integrity.
This is all just my opinion but I feel pretty strongly about it. 15 million shares and willing to buy more next week if it remains in the 3-4 cent range. I will return to give my commentary on their law firm selection once it is announced. Good luck to everyone.
I once owned a penny stock at 60 cents. I sold it at 20 cents after feeling burned. It went to 25 dollars. I had 100k shares. People do and can get very, very, very powerfully wealthy off of one great pick. If CMKX has the goods to back everything, this might indeed be a once in a lifetime opportunity. If the law firm they use is truly a top-tier NY firm, this will be an awfully large hint as to the bigness of the company's news and plans in my opinion. Talk to everyone later.
|
|
|
Post by azesm on Jun 23, 2004 10:08:31 GMT -5
From IHUB:
Posted by: zeninvestor32 In reply to: None Date:6/17/2004 12:38:02 AM Post #of 36652
FRIENDS AND FELLOW CMKXERS.
Disclaimer: I may sound like an arrogant mule in this post. I may tick off a lot of people. I may insult, irritate or outright slam people in this post. I may be right. I may be wrong. I don't care what you think. I really don't. These are my opinions and you can SHOVE IT if you don't like them. As I said, I may be arrogant in this post. Live with it.
On Roger: Let me start by saying Roger Glenn was the first and SOLE reason I bought into this stock AT ALL. Anyone who is seriously dismissing or underestimating the importance of this man to what is happening, in my opinion, has NO ######## CLUE WHAT THEY ARE TALKING ABOUT. Even more laughable are the clowns that think somehow he agreed to be quoted in a press release because cmkx is in trouble with the sec. Oh lord, when I read things like that, I realize what a true three-ring circus this is. First off, Lawyers at this level are not prostitutes. They spent a CAREER to put themselves into a place of distinction such as this. If you a partner at one of America's top 200 law firms, you are the elite among the elite. Look at Edwards Angell's client list. You will not find pink sheet companies there. You will not find otc companies there. You will find the nation's premier NYSE, NASDAQ and AMEX companies there. Every client this law firm takes in is a commitment of partner, associate, and paralegal resources. They do not take this lightly as they have HUGE clients that require HUGE time commitments. At this level, many partners may only have a handful of clients at all at any given time. These guys I promise you work harder than any single person that has EVER posted on this board. Somebody commented earlier that Roger was on "vacation" only in the sense of a working vacation. Exactly! You don't get a weekend off. You don't get nights off. It is a tough, tough, tough business at this level. So you sure as #### are not about to give your VERY valuable time on some pink sheet flea of a company simply because they drop a bag of dough on your desk. It is my opinion that Roger took this case on one of two grounds ONLY. Either a) there is a legal securities precedent here that will put this case in the national spotlight and become a case study on securities law, or b) he saw something that led him to believe that this company will quickly become a company worthy of a listing on a major exchange (and I don't mean the bulletin board). You better BELIEVE the market makers know who Edwards Angell is. Look down their client list of INVESTMENT BANKING FIRMS. Look down their list of PRIVATE EQUITY ENTITIES. Edwards Angell SWINGS WITH THE BIG BOYS. I'm just peeing in my pants reading all the GARBAGE from the bashers about how trivial this is.
Lawyers like Roger do not take on pink sheet companies. Period. Something caused this to happen. That something in my opinion will be VERY obvious when all is revealed.
On the press release: All this time we knew Roger was involved. The first press release was the initial salvo. "We have hired Roger." In the interim, not much happened. Tonight's PR in my opinion can only be interpreted as "Is that your final answer?" to the short market makers. It's just blatant at this stage of the game. The fact that Roger put his NAME AND REPUTATION down on this press release is a significant step. In my ten years of penny investing, I have not seen a firm of this caliber ever hired by an otc or pink company. I have seen dozens and dozens of pennies wave around the rally flag with "we are looking into the legalities of this matter" or "we think we may be shorted and are talking to attorneys". I have NEVER seen their lawyers mentioned by name or in a press release and I haver NEVER seen them actually ever move forward on ANY legal action to that effect. In my opinion, Roger has thrown down the gauntlet. The bell in round one has rung. And our guy is a true heavyweight.
|
|
|
Post by azesm on Jun 23, 2004 10:09:20 GMT -5
From IHUB:
Posted by: zeninvestor32 In reply to: None Date:6/20/2004 2:30:18 AM Post #of 36657
THINGS ARE CERTAINLY INTERESTING.
A bit more research for those interested. Being a lawyer and fairly familiar with large law firm structures, I thought it would be helpful to dissect Edwards Angell. It certainly proved even more interesting than I expected.
The reason I did this was because no matter how many times I toy with the facts (or lack of facts), I keep coming back to one question: why did Urban choose a heavy hitter law firm and why specifically Edwards Angell and why specifically Roger Glenn?
Edwards Angell is based primarily out of Boston, but with a strong presence in Providence and New York. They are generally seen as a "Northeastern" law firm however, rather than a "New York" law firm. Which is where it gets interesting. Their New York office houses 44 attorneys. Of the 44 attorneys, Roger is the only partner that truly specializes in corporate securities. In fact, in total there are only about 4 partners in the New York office that I would even say qualify at all as Securities Partners, with the other 3 clearly having focuses in niche markets on securities (foreign acquisitions, insurance companies, and ERISA). In terms of general securities, financings, M&A, and filings, Roger is the MAN in the New York office. This is signficant. You do not have a presence in New York as a large law firm without making sure that your New York office is the absolute BEST that it can be in the securities department. With the proximity to the exchanges, Wall Street and all the financial business in New York, this is truly the "prestige" office. And Roger is THE guy.
Breaking it down further, pay close attention to the publication that he authored in 2003. Its focus is the Sarbanes Oxley Act of 2002. That Act is a set of some of the most complex securities laws ever passed to ensure proper corporate accountability and governance in companies after the Enron and Worldcom scandals, specifically with respect to filings and dealings with the SEC. I hope this is starting to sink in. To be selected to write an authoritative text on interpreting this Act is a testament to the respect, expertise and integrity that Roger possesses in this field. Now think more about our situation. When it comes to proper filings, navigating the complexities of SEC/filings, and doing it all ABOVE BOARD and with maximum ACCOUNTABILITY, Roger is simply one of the best attorneys perhaps in New York to fit this role.
Let me remind you. He is THE man in their New York office. Not one of dozens of partners. THE man. Now many might be thinking (and surely the bashers will be all over this) "maybe Urban did something wrong and needs Roger to bail him out". First, the press releases expressly stated Roger will "help them become fully reporting" which is quite different than than any corporate wrongdoing. Second, Edwards Angell has a "Corporate White Collar Crime" division specifically. Roger is not listed as one of the 16 attorneys with any expertise in that area. My opinion is that it is 99.9% unlikely that Roger would be involved with anything in that area when there are 16 other attorneys that specialize in that area at the firm. I'd also like to wrap into this that Edwards Angell is probably among a handful (probably among the top 10 in the country) of firms that specialize in venture capital and private equity financing. I cannot say how this may work into the equation but what I can say with confidence is that VC people at THIS level would not touch anything without complete and total due diligence and confidence in an emerging company. If in fact there is any additional financing (a secondary? a group willing to fund a move to get an asset base high enough to qualify for NYSE or AMEX listing?), this is THE firm to handle it professionally and with maximum benefit to shareholders and the company.
So let's connect the dots. Three press releases in late 2003 to early 2004 confirm the buyback of 38 billion shares. Total listed shares as of February were 37 billion shares. 5 months have passed since then. During that time the stock basically traded at .0001. We do not know how many more shares Urban bought back during that time. Suddenly we have Urban switching transfer agents, announcing his intention of becoming fully reporting and hiring the top securities partner in the New York office of one of the nation's most prestigious law firms.
If you were simply looking to perpetuate CMKX and sell shares into the market, why would you do all this, particularly when "fully reporting" would now mean full disclosure on all transactions?
And why in the world if there were any "problems" would you hire the guy that wrote the book on strict corporate procedures and guidelines with respect to filings?
And this is where I ponder heavily ... Why Roger and Edwards Angell? Why would you pick the New York office's top securities guy, the firm's top SEC filings guy to handle your "fully reporting" status? And why would ROGER who assuredly as their top securities guy (particularly the one that PUBLISHED a legal primer on corporate accountability and integrity) EVER take on a pink sheet company when basically his entire livelihood would take on about the largest black eye possible if ANYTHING fraudulent were involved.
I know I'm rambling. Thanks for listening. A few other points. Roger specializes in Mergers & Acquisitions and was the only attorney I found listing "going private transactions" among his specialties. He also was CLEARLY the most recognized partner with respect to filing and becoming a public, reporting company. And being the MAIN guy in the New York office, something became lucidly obvious in thinking all this through .... and keep in mind this is just one attorneys subjective analysis of all this ... Urban has something so big and unique that not only does it require securities legal expertise of the highest level but it specifically requires that it be handled by someone who stands out in the ethics and integrity department as well. In other words, when all is available to the public, there should be an additional "protection" in everything in knowing that it was processed, approved and filed through an attorney with IMPECCABLE credentials. The fact that Roger Glenn published a legal treatise on Corporate Responsibility following the Sarbanes Oxley Act of 2002 is SIGNIFICANT. It essentially means that if Roger blesses what has transpired, it is meeting the HIGHEST standards of corporate responsibility. And if what I believe Urban is bringing to the table through Roger is what it is, this will be CRITICAL.
To recap:
I am 99.9% comfortable with dismissing the notion that Roger was brought on due to anything negative or to "bail out" Urban. I am 99.9% comfortable with the fact that Roger Glenn in no way would take on a pink sheet company trading at .0001 if he had ANY suspicion of anything unethical. I am 99.9% comfortable stating that Urban has hired a partner and law firm that represent the highest standards of ethical and responsible securities law practice in the country.
And all this leads me to the conclusion that this is no mere "get me trading on the otc bulletin board situation". No, my (endless) rambling above leads me to believe that this must be a situation of MONUMENTAL significance.
I am sorry this took so long to type. I hope people found it helpful. I have harped on the significance of this firm and man from day one. I felt it important to expand upon why this is the single most important hint to everything that has transpired so far. Good night and please have a wonderful Father's Day to all the dads out there. Hopefully next year for Father's Day, everyone will be considerably better off in life thanks to this investment. Take care.
Z
|
|
|
Post by azesm on Jun 23, 2004 10:16:07 GMT -5
D. Roger Glenn: Areas of Practice Corporate Private Equity & Venture Capital Securities Industry Experience Financial Services Healthcare Technology Telecommunications Education University of Florida, School of Law J.D., with honors, 1980 Executive Editor, Florida Law Review Order of the Coif Florida State University B.S., cum laude, 1976 Bar Admissions Florida New York D. Roger Glenn Partner New York Phone: 212.756.0299 drglenn@EdwardsAngell.com Roger has over 20 years of experience in securities law. He has handled numerous IPOs and other public offerings, PIPE transactions, exchange and hostile and friendly tender offers, mergers and acquisitions involving public and private companies, private placements, Rule 144A sales, Rule 10b5-1 plans and all filings and reports required by the Securities Exchange Act of 1934. The companies he has represented have been in the telecommunications, media, health care, financial services, technology and software industries and have had securities listed on the New York and American stock exchanges and the NASDAQ stock market. Notable Experience * Roger was involved in the $600 million acquisition by a major telecom company of corporations and limited liability companies holding FCC licenses. * Roger represented another major telecom company in a cash tender offer and the $450 million outstanding high-yield debt of an acquisition target pursuant to a change-of-control indenture provision. * He was instrumental in the acquisition of an Austrian wireless telecom company with $1 billion of assets. * Roger handled the successful takeover of an insurance company by hostile tender offer. * Roger represented a telecom company in the issuance of $200 million in Senior Notes in a PIPE transaction. Recent Speaking Engagements and Publications * The Going Public Sourcebook,co-author, a guide to the initial public offering process and ongoing reporting and other compliance obligations of a public company published by RR Donnelley Financial. * Corporate Responsibilities of Public Companies in 2003, author, 2003. Before Edwards & Angell After college, Roger practiced as a Certified Public Accountant on the audit staff of Deloitte & Touche in Miami. He began his legal career with the Securities and Exchange Commission, where he conducted investigations for the enforcement division. Besides Edwards & Angell Roger is an enthusiastic golfer and tennis player. www.edwardsangell.com/script.php?print=yes&page=attorneys&AttorneyID=39
|
|
|
Post by joseph660 on Jun 23, 2004 11:09:46 GMT -5
Thank you for doing your homework on the law firm and excellent post!!! I agree with everything you said!! This alone should tell people CMKX is for real!! We're not a fly by night corporation and its here for the long haul. I believe that our company is doing whats best for its stockholders and I think we should sit back and enjoy the ride. Rome wasn't built in a day and there's alot of people that done understand that. I'm a stockholder and I do believe that we are on the groundfloor to something huge. Read the company news people and the post from your fellow shareholders that are doing there homework on our company. I believe that this company and management is working for us to do what's best. We just have to have patients and again sit back and enjoy the ride.
I'm holding long and strong!!
joseph
|
|
|
Post by fastwalker on Aug 11, 2004 21:02:15 GMT -5
;D Thanks AZ, I had seen that post and forgot where it was located...I wanted a hard copy for prosperity...actually for my employees who believe that I 've gone over the edge and in need of a "keeper"by getting them into the stock ;D
|
|
|
Post by azesm on Aug 12, 2004 12:13:17 GMT -5
Something else: Precious Metals Edwards & Angell's extensive knowledge in serving clients involved in the jewelry and precious metals industries originally developed as a result of the close proximity of our New England offices to what is recognized as a major jewelry center of the country, where several of the leading precious metals lending institutions have offices. Through years of experience, we have developed an understanding of the industry and its particular legal needs. Our representation of clients in the precious metals industry encompasses a wide range of legal services, from serving the general corporate legal needs of the industry to the esoteric field of precious metals financing. Precious Metals Financing Experience We represent jewelry manufacturers, refiners and other users of precious metals, as well as the companies and financial institutions that are the sellers or consignors of precious metals. We have considerable knowledge in the drafting, review and negotiation of documentation involved in consignments and special Finance transactions. We understand the volatility, both in the pricing of metals and the daily swings in the trading of metals and in turn, draft documents to safeguard our clients. Although the financing sources have shifted from foreign metal houses and money center banks to industry specific financial institutions, we have continued to represent the leaders in the industry, including, Sovereign Bank, Sovereign Precious Metals, LLC, ABN AMRO Bank, N.V., Bank Leumi USA and Fleet Precious Metals, Inc. Corporate Services The types of corporate services Edwards & Angell has provided jewelry businesses have been varied and include, among others, corporate formation and reorganization, contract negotiations, acquisitions, and the preparation and review of financing documentation, as well as general advice on raising capital, international trade and tax related matters. The shifts in the retail and manufacturing aspect of our clients' business has required an experienced team of attorneys to proactively protect our clients. Our commitment to serving the jewelry industry is additionally evidenced by our knowledge and participation in the New England Chapter of the International Precious Metals Institute. www.ealaw.com/script.php?print=yes&page=practices&PracticeID=56
|
|
|
Post by azesm on Sept 18, 2004 13:41:09 GMT -5
|
|
|
Post by azesm on Sept 23, 2004 9:17:31 GMT -5
fastwalker PIPE transaction defined FYI ...INFORMATIONAL READ... -------------------------------------------------------------------------------- Roger Glenn seems to have a deep understanding of how to strucutre and execute a PIPE transaction. Didn't really know what one was other than vaguely so I figured perhaps others might be in the same boat. Below is a link that describes what a PIPE transaction is. Happy reading. Gerbs www.realcorporatelaw.com/faqs/pipes.html
|
|