Post by digby on Sept 30, 2005 18:21:09 GMT -6
FRIZZELL LAW FIRM
305 S. Broadway, Suite 302
Tyler, Texas 75702
(903)595-1921
E-Mail jmartin@cmkxownersgroup.com
Greetings Group Members,
I was briefed today on most of the rumors floating around about CMKX. I wish I could confirm any of them as being truthful because I am sensitive to the emotional roller coaster many of the shareholders have been riding for a couple of years or more. If there is a deal that has been struck for the claims, I have not been involved in the negotiation of such deal. I would not expect to be involved in any such deals as I represent shareholders and there are rules against selective dissemination of information to shareholders. I cannot confirm that there is a deal which has been struck but I remain cautiously optimistic that there is a plan of sorts that will benefit the shareholders.
Don Stoecklein has been out of town and we have not had any extensive conversations of late. I have been asked to attend a board meeting of the CMKX Board of Directors. We have not confirmed a date, time or place. It is my understanding that such meeting will occur in the next month or two. I have not been given any agenda of such meeting and if I do receive a copy of an agenda I will post the same for you.
There has been no official response from the company to our shareholder's derivative rights letter. I will post a copy if and when such response is made.
There has been much activity on the naked short battlefield. I believe the regulatory bodies are moving in the right direction. The war on naked shorts is no longer being fought by a bunch of shareholder that "made bad investments in bad companies." We have people like Dave Hatch to thank for taking this task on. We have legislators and regulatory officials starting to realize they should take action and are in fact doing so. We have the NASD taking action. The trading exchanges are becoming involved in correcting the problems caused by naked shorting in the market place. I am overjoyed that the ball is rolling.
I have received several emails of late inquiring about our naked short investigation. We have continued to tally shares by people that have sent their statements to us but the numbers are not changing significantly. We proved a huge naked short position in this company a long time ago. Our documentation substantiates 482 billion shares (approximately) owned by 11557 shareholders. This does not include cert holders. There remains approximately 48000 shareholders that have not sent us their holdings. By my estimates there are at least a trillion and a half shares that have been sold in CMKX stock. When all shares (including foreign and obo accounts) are added to the mix, the total could exceed two trillion shares.
Have a good weekend.
Onward,
Bill
305 S. Broadway, Suite 302
Tyler, Texas 75702
(903)595-1921
E-Mail jmartin@cmkxownersgroup.com
Greetings Group Members,
I was briefed today on most of the rumors floating around about CMKX. I wish I could confirm any of them as being truthful because I am sensitive to the emotional roller coaster many of the shareholders have been riding for a couple of years or more. If there is a deal that has been struck for the claims, I have not been involved in the negotiation of such deal. I would not expect to be involved in any such deals as I represent shareholders and there are rules against selective dissemination of information to shareholders. I cannot confirm that there is a deal which has been struck but I remain cautiously optimistic that there is a plan of sorts that will benefit the shareholders.
Don Stoecklein has been out of town and we have not had any extensive conversations of late. I have been asked to attend a board meeting of the CMKX Board of Directors. We have not confirmed a date, time or place. It is my understanding that such meeting will occur in the next month or two. I have not been given any agenda of such meeting and if I do receive a copy of an agenda I will post the same for you.
There has been no official response from the company to our shareholder's derivative rights letter. I will post a copy if and when such response is made.
There has been much activity on the naked short battlefield. I believe the regulatory bodies are moving in the right direction. The war on naked shorts is no longer being fought by a bunch of shareholder that "made bad investments in bad companies." We have people like Dave Hatch to thank for taking this task on. We have legislators and regulatory officials starting to realize they should take action and are in fact doing so. We have the NASD taking action. The trading exchanges are becoming involved in correcting the problems caused by naked shorting in the market place. I am overjoyed that the ball is rolling.
I have received several emails of late inquiring about our naked short investigation. We have continued to tally shares by people that have sent their statements to us but the numbers are not changing significantly. We proved a huge naked short position in this company a long time ago. Our documentation substantiates 482 billion shares (approximately) owned by 11557 shareholders. This does not include cert holders. There remains approximately 48000 shareholders that have not sent us their holdings. By my estimates there are at least a trillion and a half shares that have been sold in CMKX stock. When all shares (including foreign and obo accounts) are added to the mix, the total could exceed two trillion shares.
Have a good weekend.
Onward,
Bill
