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Post by diamondd on May 31, 2006 17:30:48 GMT -6
FRIZZELL LAW FIRM 602 S. Broadway Tyler, Texas 75701 (903)595-1921 May 31, 2006 Greetings CMKX Owners Group members, I have forwarded a formal complaint to the NASD regarding the plight of the shareholders who have been unable to obtain their certs from their broker. The task force is exploring its litigation options to help resolve the matter. You can view this letter on either the cmkx owners group site www.cmkxownersgroup.com or the task force site www.cmkmtaskforce.com . Onward! Bill |
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Post by zanmia on May 31, 2006 17:47:35 GMT -6
This scares the He!! out of me! I may be reading it wrong, but with the threat of litigation, we could be looking at many more years of waiting... Mike  |
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Post by eshille on May 31, 2006 17:49:43 GMT -6
Like you pic GTA Jim..it's cute. Wish Frizzie woulda done some condensing and editing, otherwise I think the shoe is dropping...  |
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Post by Hades on May 31, 2006 17:49:54 GMT -6
HEEEEEEERE we go!  |
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Post by TwinOne on May 31, 2006 17:50:53 GMT -6
VERY HUGE BOOM!!!
TwinOne
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Post by spidy on May 31, 2006 17:53:00 GMT -6
Can someone tell me what this means? ?  "CMKX is no longer a publicly traded company. Its stock has not been publicly traded since October 31, 2005 per order of the SEC. All shares should be held directly by the beneficial owners of the stock and not by any securities intermediaries. This is not a defunct company or a no asset company. It is however clearly not a publicly traded security. As set out above, a number of the claims owned by the company have recently been sold for a value of several million dollars based on the market price of the stock which was obtained for the sale of the assets. Management still exists and is active in its efforts to identify its shareholders. Thus, there is no issue concerning “worthless securities” at this time." |
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Post by Deleted on May 31, 2006 17:56:14 GMT -6
So run you cur. And tell the other curs the law is coming. You tell 'em I'm coming! And Hell's coming with me you hear! Hell's coming with me! Wyatt Earp (Tombstone) www.imdb.com/title/tt0108358/ |
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Post by seemkayx on May 31, 2006 17:58:08 GMT -6
I like that line  CMKX is no longer a publicly traded company. Its stock has not been publicly traded since October 31, 2005 per order of the SEC. All shares should be held directly by the beneficial owners of the stock and not by any securities intermediaries. This is not a defunct company or a no asset company. It is however clearly not a publicly traded security. As set out above, a number of the claims owned by the company have recently been sold for a value of several million dollars based on the market price of the stock which was obtained for the sale of the assets. Management still exists and is active in its efforts to identify its shareholders. Thus, there is no issue concerning “worthless securities” at this time. Gave me that warm fuzzy feeling too. |
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Post by bigfork on May 31, 2006 17:58:32 GMT -6
I like that line CMKX is no longer a publicly traded company. Its stock has not been publicly traded since October 31, 2005 per order of the SEC. All shares should be held directly by the beneficial owners of the stock and not by any securities intermediaries. This is not a defunct company or a no asset company. It is however clearly not a publicly traded security. As set out above, a number of the claims owned by the company have recently been sold for a value of several million dollars based on the market price of the stock which was obtained for the sale of the assets. Management still exists and is active in its efforts to identify its shareholders. Thus, there is no issue concerning “worthless securities” at this time. Starfire, that's my favorite part! Bigfork |
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Post by saturn on May 31, 2006 18:00:47 GMT -6
I can see the drama starting to unfold. I believe it is something that is not going to be solved in a few weeks. I keep hearing all these rumors of payment this week or so. Heck we haven't even started running on the bases yet. We just threw the ball back at them and we have to see if they are going to pitch to us. This is not an open and shut case. I do believe we will win but it will be a while. Sorry.
Saturn
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Post by chubb on May 31, 2006 18:04:59 GMT -6
"I call on you to begin an investigation into this injustice." equals MORE TIME for us to wait, but well worth the wait.
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Post by broadhorizons on May 31, 2006 18:05:00 GMT -6
**** NASD Complaint Letter**** May 31, 2006 NASD Investor Complaint Center 1735 K Street, NW Washington, D.C. 20006-1500 Re: Request for Investigation of Brokerage Conduct Involving CMKM Distribution Dear Sir or Madam: On November 5, 2005, a final order was entered by the SEC delisting the securities of CMKM Diamonds, Inc. (hereafter CMKM) Shortly thereafter, CMKM management appointed a “Task Force” to assist the company in determining their bonafide shareholders. I was invited to participate on this Task Force along with Attorney Don Stoecklein and Bob Maheu, a former board member of CMKM. The Task Force had a single job of identifying all bonafide shareholders of CMKM. Prior to delisting, the company had issued and outstanding 703 billion shares. There was evidence of billions of failed deliveries in this stock at the time the trading in this security was halted by the SEC. Trading was halted by the SEC for non reporting violations. .......... ......... etc, ........etc. Sincerely, Bill Frizzell Member CMKM Task Force Shareholder Attorney BF/gn Cc: SEC-Leslie Hakala Sue Kelly (House Financial Sevices) Senator Shelby Senator Bennett Senator Hatch Senator Sarbanes Charles Moore-Securities Administrator-Nevada Senator Harry Reid Senator John Ensign Representative Shelly Berkley Representative Joe Gibbons Representative John Porter ------------------------------------------------------------------------------
Is this the same Senator Bennett that passed away last week?
If it is, that tells me that either Frizzell sure wasn't thinking when he recently concocted this or that this letter has been written for awhile.
Just my thoughts.
Sincerely, Broad Horizons  |
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Post by samadams on May 31, 2006 18:08:04 GMT -6
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Post by ivory on May 31, 2006 18:10:39 GMT -6
WHO DON'T HAVE CERTS NEED TO HIRE LAWYERS IF THERE WILL BE A PAYOUT...IMO
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Post by nandi on May 31, 2006 18:12:07 GMT -6
Looks like were going into a litigation phase........................and we are moving forward. I have owned a Company. Let me assure you that litigation is not "moving forward". This "PR" has me deeply disturbed. I hope I am misunderstanding what it seems to portend. n |
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Post by haney on May 31, 2006 18:15:29 GMT -6
Can someone tell me what this means? ? "CMKX is no longer a publicly traded company. Its stock has not been publicly traded since October 31, 2005 per order of the SEC. All shares should be held directly by the beneficial owners of the stock and not by any securities intermediaries. This is not a defunct company or a no asset company. It is however clearly not a publicly traded security. As set out above, a number of the claims owned by the company have recently been sold for a value of several million dollars based on the market price of the stock which was obtained for the sale of the assets. Management still exists and is active in its efforts to identify its shareholders. Thus, there is no issue concerning “worthless securities” at this time." Could this be China? |
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Post by nandi on May 31, 2006 18:15:40 GMT -6
Good point John. You and Tramp caught what I missed. And it is obvious. I need more sleep. lol Thanks. n I have owned a Company. Let me assure you that litigation is not "moving forward". This "PR" has me deeply disturbed. I hope I am misunderstanding what it seems to portend. n Please, do NOT confuse this letter from Frizz as a "PR"! IT IS NOT! |
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Post by samadams on May 31, 2006 18:16:44 GMT -6
The Bona-fides get the Entourage divvy and any other asset... It was said in the Nov. 4th 2005 Company PR that No Shareholder will be left behind.
If these non cert holders that have demanded their rights to obtain their cert, and cannot, they will be compensated in a different way, from the settlement worked out from this litigation.
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Post by crockettd4yr on May 31, 2006 18:16:59 GMT -6
If the brokers are delaying then litigation is the big stick to play. We have no other choice. Whether it gets to the courts or not depends on how much the brokers feel they have to lose one way or another.
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Post by ivory on May 31, 2006 18:18:21 GMT -6
~complaints from hundreds of shareholders~
not thousands....
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Post by fastwalker on May 31, 2006 18:18:25 GMT -6
This is most excellent news. soon it will be time for the ......happy dance....  See somebody headed here......  fw |
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Post by suzyq on May 31, 2006 18:18:31 GMT -6
Interesting point Tramp!
Suzyq
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Post by lurkoholic on May 31, 2006 18:18:59 GMT -6
this is frizzell acting as the owners group attorney, not a task force involvement.. and this complaint is filed as the owners group, not as the task force or from them.. big difference.. read the beginning.. then continue to read everything.. Greetings CMKX Owners Group members, This is from the letter..... "I am making this complaint in my capacity as a volunteer on the Task Force appointed by the company to determine its bonafide shareholders. I do not represent the company in any legal capacity other than being a volunteer to assist CMKM in identifying its bonafide shareholders. My law office has been the depository for shareholders to send copies of their certs once they receive the same from their broker. My office has worked closely with the official company transfer agent as we continue to gather evidence of bonafide ownership of CMKM stock." Am i missing something or is he representing the task force or just the owner's group with this letter? Thanks, Joe |
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Post by samadams on May 31, 2006 18:21:39 GMT -6
Task Force...
Mr. Frizzell uses his OG contact list to get these updates out... He knows that it'll hit all the boards in a matter of minutes LOL
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Post by samadams on May 31, 2006 18:22:23 GMT -6
If it wasn't Task Force business, it wouldn't be on the Task Force website...
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