Very Interesting SRCI/CMKX story, IMO
« Thread Started on Oct 11, 2005, 5:51pm »
--------------------------------------------------------------------------------
This was sent to me by an SRCI investor. The material has been posted before by that investor, and by others. I have not seen this detail before and thought it worthy of reposting. Hope others find it intersting ,too.
-----------------------------------------------------------------------
We got into cmkx via our association with pcbm. When RG joined the team, I was convinced it was for real. Before that, I had my doubts. We originally bought into pcbm, because we thought LoCastro was for real and was doing his best to "bust the shorts." We still think that about both companies and believe they are working in concert on this.
But back to pcbm. What leverage does a little old multi millionaire have against a multi billionaire hedge fund? Much less an entrenched and smoothly operating criminal conspiracy as outlined in Bob Obrien's latest missive?
So, late 2002, early 2003 not sure of the date, pcbm is suddenly rumored to be under consideration for a buy-out by cmkx. We go looking into cmkx and mention it on one of the cmkx rb boards where we are soundly trounced as scammers looking for a way out of our misery.
Then, Urban has a shareholders meeting in which he announces his intention to buy another pink sheet company and do a spin-off. That announcement however never seemed to come to fruition and just got ignored as time passed. Much like many of the announcements Urban has made over the years that just sort of never seemed to get followed up on... But what if they were followed up on???
Between the time when the rumor hit pcbm, up until and even after the shareholders meeting, we have confirmed numerous trips by pcbm principals to LasVegas, at least two of them confirmed meetings with Urban.
After pcbm got in trouble with sec, our OS was suddenly 24 billion shares, when it had been 2 billion and we had been told the principals were "retiring shares." We were a bit pissed. But, disparate and unknown to each other elements calling the principals when querying directly about the additional shares were told in no uncertain terms: "The shares are in safe hands." Do you hold them? "No, but trust me, they are in safe hands." But, no one we considered safe, seemed to hold them...
This was the standard line given to both folks who had an ongoing dialog with the principals and those who called and identified themselves as shareholders with questions. A line given by 3 of the 4 principals. The fourth making no comment whatsoever.
Over the years, there have been several indications of cmkx and srci continuing to be vaguely connected. Not the least of which was the 2004 renaming of pcbm to Serac, a pinnacle of ice in a glacier... Not too coincidental... this happened about the same time RG's presence was announced at cmkx.
So. After that introduction, read this link. It is a most excellent summation of the rest of the events and what I think is happening. I don't know the person who wrote this, but apparently he and I were saying so closely the same things that a friend of his who posts on 49, contacted me to see if I could add anything to their collective DD.
forums.christiantraders.com/viewthread.php?tid=4077After you read the above link, go to the PEDRO posted shareholders lists. Look for the names Locastro (Vince, Kim, Associates and Trusts) Bruce Hall and Bruce Harlan and associated trusts.
hundreds of millions of shares were issued to these guys over the years and returned... to what purpose, do you think?
Anyway, I've seen enough to believe they are connected and their soon to be announced combined rollup of SRCI and the JVs And CMKX into MAS IX (pcbm owned empty and fully reporting shell) will knock the hedge funds, brokers and mms and their conspiracy to fleece america on their collective asses.
Or, it might be the method to take cim public. Either way, they will roll it up into pcbm and go public with a massive and proven already short in the IPO vehicle. Not to even mention the massive and existing short in the companies being rolled into it...
Do you think that might be what ELO meant by explosive?
cheers.
by hermannmaier0