Here's some old zen for ya from June 20/04...
+++ ZEN's 3 POSTS ON ROGER GLENN from I-HUB +++
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www.investorshub.com/boards/read_msg.asp?message_id=3254128 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.
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www.investorshub.com/boards/read_msg.asp?message_id=3356258 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.
On today's trading:
More laughable posts today from the bashers. OH MY GOD how could it be any more obvious?
2 billion shares traded at .0006 and 8 million traded at .0005 in the last few hours and the ask will not budge? Could JEFF and FRAN been any more obvious about swapping around to protect this short position? Read my post earlier today about "TRADING TODAY". I absolutely NAILED it. This is controlled covering. 100% pure and simple. The only problem is there was way too much buying. So much so, that they had a tough time masking this and basically had to just stand there and take it on the chin at the end of the day just to avoid a late day rally back to .001. To all the bashers that sit there shaking their head going "there's not even a short position here", you are truly the slime of the earth for looking at everything around you and outright LYING. The only thing I missed in my TRADING TODAY post was that I thought the late day buying that would inevitably come in could be handled more subtly. But it couldn't. It was just flat out egregious as to what was happening. The ONLY reason the other market makers haven't ganged up on this to take it long is because they are probably curious as heck as to how to play this ALSO. I promise you all the other market makers are neither long nor short but are simply making a quick buck on this until they get a grip on just WHAT IN THE WORLD IS GOING ON HERE.
On the bashers:
I have sat across from plaintiffs' attorneys who have looked me in the eye and said "We are going to court and my client is going to win $10 million dollars on this. I recommend you take our kind offer of $2.5 million to settle." Our response? "We recommend you take our offer of $50,000 to cover your fees so far and consider yourself lucky." With that they storm out screaming bloody murder claiming we are going DOWN on this fight. They ended up settling for $50,000. My point is the real snakes out there have no scruples. No ethics. They will look you in the eye and be ANYTHING but truthful. Did anyone catch that Chicago Tribune article on Janice Shell?
? SCARY?
The bashers in my opinion are either ticked off longs that sold and/or got burned or they are part of the short contingency. But I just never really understand why ANYONE would spend hours and hours per day dissecting a stock THEY DON'T EVEN OWN?
And to do it because they are saviors?
Either they're delusional (very possible), they work for the shorts (very likely) or they are just pawns that are unknowingly doing all the dirty work for the shorts (possible). But otherwise, they are an infectious disease that otc and pink sheets ALWAYS breed. The sooner you can avoid responding to them, the better your life will be. Notice how I have not even responded to them in the last two weeks?
On the future:
I will not be surprised for us to gap up tomorrow. I will not be surprised for the shorts to stand tall and proud and continue the facade. But I believe Urban and Roger are holding a royal straight flush. The question is now whether the shorts have a pair of twos or four aces. Because I believe tonight's press release was the equivalent of pushing all the chips on the table. Either way the shorts will lose. With a pair of twos, they will think twice about playing another day. With four aces, they will be arrogant enough to push it all on the table and take their stand. Oh to be there watching their face when they LOSE.
On the bad and the ugly:
Melvin has gone loony tunes. I believe he has officially checked out. His press release through stockwatch with the word "mysterious" in the headline is just surreal. My only guess is that Roger is so busy with other more important matters that he simply does not have the time to have heard about all of Melvin's antics. I certainly hope at some point that Roger hires someone to physically tie Melvin's hands behind his back, tape his mouth with duct tape and feed him only through a small sipping straw. And the ugly? The website and its juvenile animations/links as well as the message board with its extreme potential for liability (particularly with Melvin at the helm) MUST GO.
On the longs here and elsewhere:
This will only get worse from here on out. I have warned you. I will continue to beat this drum. You have seen NOTHING. Look for the shorts to call in their media connections to put out smear campaigns through articles or supposed "analyst opinions". They will call out the BIG guns for this. It will come out of nowhere. Am I trying to scare you? You BET I am!!!! I want everyone READY. This week was just an appetizer. You see how they operate now. They will blindside this stock repeatedly in the future. So think long and hard about how badly you want to be in this game, because it will be trench warfare. Take money off the table if you can't hack it. But if you reach that comfortable zone like the one I am in, you will realize that through the ups and downs, you believe that this company will ultimately win at this. Then you can be comfortable to let the stock go where it will go. Whether that's back down to .0001 because something unraveled or it's to $3 because we were so RIGHT, I am prepared for the next leg of this journey. Urbie stumbled out of the blocks with his initial PR. That's ok. Because now I believe the REAL news is coming.
Be smart. Think. Weigh everything. Make good decisions. One thing I promise you is that win or lose, this will be the craziest voyage in the stock market you will EVER be on.
MASSIVE DISCLAIMER: If you look to me for investment advice, you're nuts. These are my personal opinions only. They are meant to give you something to think about but for god's sake, I have no way of knowing how this stock will ultimately behave or the ultimate outcome of ANYTHING. It is all guesswork and these are my guesses. I cannot tell you enough how risky I feel this venture is, especially now that it's about to heat up. For those that are long, I wish us all luck. For those that get shaken out, fear not for this is the normal, expected course. For those that trade, good trading to you. And for those that short, I believe the time has come to pay the piper.
thanks for listening. if you made it this far, congratulations.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
www.investorshub.com/boards/read_msg.asp?message_id=3378958 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
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
A hint of epic proportions?