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Post by seagull on Jul 31, 2016 14:15:53 GMT -6
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Post by seagull on Jul 31, 2016 14:27:14 GMT -6
carry over... The Bivens was about property rights. AH was challenging the government over reach of possessing and holding property without due process. The USSC ruled in the affirmative, the govt didn't have the right, in another case just prior to the Bivens being considered by the USSC. Therefore no need AH has cleared the way for distribution when the time is right That is what I understand GG |
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Post by seagull on Aug 6, 2016 14:02:42 GMT -6
from PACER: The United States, by and through its undersigned counsel, hereby moves the Court that the calendar call currently scheduled for August 8, 2016 at 11:30 a.m. and the Jury Trialcurrently scheduled for August 9, 2016, be vacated and continued to a date and time convenient to this Court, but no sooner than ninety days (90) from its current setting. Defendants Edwards,Dvorak, Gutierrez, and Kinney (the “stipulating defendants”) join the United States in making this motion. Defendant Turino does not join the motion. In support, the United States and the defendants state: 1. The Court has designated this case as complex. (Docket # 57.) The stipulating defendants need additional time to prepare for trial in this case, including conducting legal research and factual investigation to determine the best respective defenses. 2. The Court recently filed an Order granting Defendant John Edwards’ Motion for a Competency Evaluation. (Docket #441.) At this time, Mr. Edwards’ evaluation is still in process. Defendant Edwards’ was willing to stipulate to a continuance. 3. Defendants Dvorak, Gutierrez, and Kinney are not in custody and were willing to stipulate to a continuance. 4. Defendant Jeffrey Turino and the Government have reached a potential resolution. Defendant Turino will not stipulate to a further continuation of the trial. 5. The parties have been joined for trial. There is no motion for severance pending. Further, the counts and evidence against the remaining, out-of-custody defendants is intert |
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Post by seagull on Aug 6, 2016 20:15:58 GMT -6
HERE IT IS.....what's going on...? Except Edward, I believe all other are willing to go for plea. Turino plea is accepted. The remaining are still negotiating,and they have not agreed to terms and conditions yet ( except Edward.) Edward is hoping that he may be spared if ,he could be proven 'incompetent' His' competency ' test will be over, hopefully, within 90 days. The remaining (except Truino) are waiting to see the outcome of Edward 'competency' test and then agree to plea bargain.'ACCORDINGLY'. SO. Instead of delaying in piecemeal of say 30 days, the judge extended it by 90 days. The above is IMO, BUT MOST RATIONALE. The settlement could occur much earlier if Edwards COMPETENCY TEST IS EXPEDITED. Thanks SPORTSMAN |
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Post by seagull on Aug 6, 2016 20:16:39 GMT -6
Several shareholders here have previously expressed a belief that the trial will never take place because of plea bargaining agreements. The government only needs to wrap up their version of events for the Public's consumption. The government does not want or need a public trial that is difficult to control and could possibly spin the final public story (via discovery) away from their own narrative. The fact that Turino's attorneys and the government have reached an agreement of sorts actually sounds rather encouraging. This arrangement should stimulate the other parties to make their own deals before the 90 days expires. Do you believe the governments greater interest is 1). To punish and bring maximum justice to the insiders and wrongdoers for their crimes, or 2). To paint the pretty picture where as all events happened just as the government said previously, without any wrongdoings by the SEC, DTCC, Brokers, and other agencies. Also, of course no NAKED SHORTING, because they said it does not really exist, you see. Since we have endured and gone this long without a settlement or ROI, it appears the legal issue must be addressed completely. At this point a plea deal looks great for each side. Each side can offer something the other side needs. The insiders get reduced sentences for their misdeeds, the government closes the book to their liking, and we get paid our $. I still have faith and expect to see a Return heading our way. |
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Post by seagull on Aug 7, 2016 12:32:08 GMT -6
Why we WON'T GET PAID, till law-suit is over? (assuming there is trust/s. Edward et all, own billions of ILLEGAL shares. Presently these shares are ENTITLED for payment till court says that it is INDEED ILLEGAL shares and these shares are NOT ELIGIBLE for payment. The only way, they can be declared ILLEGAL, is through court process ( either through trial or through plea bargain). Thanks SPORTSMAN ONE MORE THING The sooner EDWARD'S competency status is decided, sooner the case is resolved. So both sides should focus on Edwards competency status. |
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Post by seagull on Aug 7, 2016 20:26:51 GMT -6
WHY MORE DELAY?All in IMO.... All defendants know, they will be found guilty, hence PLEA BARGAIN. Edward is the biggest culprit and will be given maximum punishment.To avoid that , he wants himself to be declared 'mentally incompetent'. Though, he was found competent in earlier testing. Edward wants to prolong as much as he can, so that,.prosecutor get fed up and also give him rather lenient treat.That is the reason, he keeps on asking for another testing about his competency. Trunio saw writing on wall, so he PLEA BARGAIN. Edward is PLAYING GAME. Other defendants are sitting on fence. They are waiting, , as to how ,EDWARD DEAL plays out.Irrespective of Edward deal, the other will also go for PLEA DEAL.Their , only hope is, EDWARD is declared incompetent, then they all could put almost all blame on him, and try to get lenient sentence.That is their strategy, and that is a correct strategy from their point of view. Judge wants this case to be over through plea bargain. If it goes on trial, in case EDWARD is found competent (and choose to go for trial),and found guilty, then Edward could APPEAL TO HIGHER COURTS.That will delay it for few more years. So, it is in SH INTEREST FOR IT TO PLAY OUT IN THIS COURT AND EVERYBODY ACCEPTS THE PLEA DEAL. I know it is hurting every SH INCLUDING ME. Thanks SPORTSMAN |
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Post by seagull on Aug 8, 2016 16:35:00 GMT -6
IMO The negotiations are going on. Truino accepted the plea. Others including Edward are also going to plead. I believe , both sides are playing hard. Judge also believes that within 90 days all parties will stipulate and there will be no need to go for trial. However, the conclusion of this case will result in release of funds, is Trillion dollar question. There is no evidence of ANY KIND that trust/s exist. SPORTSMAN |
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Post by seagull on Aug 9, 2016 6:47:11 GMT -6
an oldie from Attorney Hodges... from June 2015 All along we heard we were waiting for asset backed currency.... but we got sidetracked  ~seagull ~~~~~
READ MY LIPS - YOU WILL BE PAID WHEN, AND ONLY WHEN, WE HAVE ASSET-BACKED CURRENCY AND A SAFE BANKING SYSTEM TO GO WITH IT.
Please understand that I am NOT the Trustor NOR the Trustee; I have no power to change the Trust's provisions, nor to affect it in any manner. I am simply a stockholder-beneficiary as are each of you. I have no obligation, nor duty to any of you, except the duty and obligation to make this life for me and those I care about (and humanity in general) better, happier, more fulfilling, and more loving - one to all others; in the words of the Declaration of Independence, I have pledged my Life, my Fortune and my sacred Honor to do so.
I happen to believe and embrace the words which appear below my avatar: "All that is required for evil to triumph, is for good men to do nothing." I have tried to live my life accordingly. And, MLK was quite correct when he said "Our lives begin to end the day we become silent about things that matter." As a result, in no small portion attributable to my direct involvement in CMKX, essentially as a volunteer working off my own wealth, I feel more alive today than at any previous time in my life; in addition, I have learned more about the important things in life in the last ten years, than in the previous 50+.
Just for the record, I'm as sick and tired as all of you about the inordinate time lapse that we have all endured. However, it turns out that the 'cabal' was much more deeply entrenched around the world, especially the western world, than anyone fully appreciated; additionally, the cabal has been willing to do anything and everything imaginable to delay the coming dénouement in hopes of wholly avoiding it. They are responsible for "9/11," which is finally beginning to come to light; they are responsible for the fact that Washington, D.C. has operated our Republic as a corporation for the last 150+ years; they are responsible for hiding all of these facts from you; they are responsible for ISIS; they are responsible for attempting to ignite WWIII; and, they are directly responsible for much much more.
I have done my very, very best to keep you all apprised of the benchmarks of this long and arduous journey. In part, I felt it necessary to do so in recognition of the simple fact that you never purchased your stock with the idea that you were becoming one piece of a huge operation to free the world from centuries of financial slavery. The fact remains that such is the case. You have each played a pivotal role in freeing America, once more. Take pride and joy in such an accomplishment, and look forward to finally receiving your monetary reward with some measure of patience.
Please show compassion and understanding to your fellows - have a loving outlook when you resist the temptation to react with your flight-or-fight response. My very best regards to all.
Blessings,
Al Hodges |
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Post by seagull on Aug 9, 2016 19:49:37 GMT -6
What I think is not important. Many of us (Almost all here) have been wrong with their predictions, however those that believe we will have a positive outcome I feel will be dead on. We are witnessing a saga that has never happened here or globally, therefore even the most informed sources have been thrown curves to keep everyone off the scent. IMO there is a deal in place to shield some of the very guilty in the highest places in trade for restitution to harmed share holders. I am sure in my thoughts that much good will come from this struggle. It would also not surprise me if it ended quickly. It is not in my power to make it happen faster. |
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Post by kbarry1969 on Aug 10, 2016 17:11:28 GMT -6
www.cmkmdiamondsinc.com/index.htmlAugust 10, 2016 RE: Update on Criminal Trial To All CMKM/NHHI Shareholders: I received word this morning that the criminal trial for former CMKM insiders has been moved to November 15, 2016. It appears that defendant Jeff Turino has been offered a plea agreement that calls for 72 months of prison time. It is not clear if he will receive any credit for time already served in detention overseas or here in the USA. It also seems likely that plea agreements are in the works for defendants Ginger Gutierrez and James Kinney. Generally, a plea agreement is offered to a defendant by the DOJ in exchange for a guilty plea and an agreement to cooperate with the DOJ in prosecuting the remaining defendants. Here is the actual court record on yesterday’s hearing: Entered Aug 9th Continue Calendar Call and Trial 455 by all defendants, except Mr. Turino. Ms. Newman advises the Court the Government has presented Mr. Turino with a plea agreement. As a result of the complicated and high profile nature of the case, the plea agreement was presented to management and she anticipates finalizing that within the week. Mr. Micelli states the plea is going to be accepted as the offer is for a 72 month sentence, which Mr. Turino will expire at this time. Mr. Leventhal and Mr. Rasmussen address the Court regarding plea agreements they were told they would receive but have not. The Court places findings on the record and GRANTS 455 Motion to Continue Calendar Call and Trial as to Jeffrey Turino, John M. Edwards, Brian Dvorak, Ginger Gutierrez and James Kinney. After discussion with counsel, IT IS ORDERED the Jury Trial is continued to 11/15/2016 at 09:00 AM in LV Courtroom 6D before Judge Jennifer A. Dorsey. Calendar Call is continued to 11/7/2016 at 01:30 PM in LV Courtroom 6D before Judge Jennifer A. Dorsey. On the request of Mr. Micelli, a Change of Plea Hearing for Jeffrey Turino is set for 8/22/2016 at 01:30 PM in LV Courtroom 6D before Judge Jennifer A. Dorsey. Defendant Turino is remanded to custody. (Copies have been distributed pursuant to the NEF - DMS) (Entered: 08/09/2016) As always, I will post any information of high importance on this website as soon as possible. Thank you and God bless! Steve Kirkpatrick
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Post by seagull on Aug 13, 2016 14:45:23 GMT -6
Back in 2005 when UCAD was first exposed to us an CMKM "partner" I did a little DD on UCAD. They had the majority percentage of the old C.O.D silver mine. Well , what is now, ECPN was the minority partner on the C.O.D. mine back then. ECPN dropped the C.O.D JV to focus on the El Capitian deposit. I have owned ElCapPMI for 12 years. Waiting, watching them figure out how to get the gold, silver and plat out of the iron ore. Long story short, they found a way. Many eyes are on site this past spring and summer. The goal is to sell the deposit, and they will sell this deposit. 141 million tons, .4+ opt , 320 million shares. Any way you slice it, it's trading way under fire sale prices right now. Disclaimer. I paid .035 up to $1.60 for this stock over the last 12 years. I expect the sale price to be north of $10 per share. GLTA, do your own DD, -Loco
I ChapterOne of SaturdayMatinee, this was looked at because of the unusual Companies associated with this move by ECPN and UCAD.............Also prior to this, there was a PR about large deposits of Iron Ore in Australia and MOUs were put out by ECPN...
CMKM was going to announce the merger with UCAD at the Halloween Party in Vegas, but the FEDS squashed that..................3 days prior to to the Halloween party, the SEC halted UCAD..........Then they smacked down the balloons~
Companies associated with UCAD/ECPN story
1: U.S. Energy Corporation (nasdaq: USEG)
2: Ceradyne, Inc. (nasdaq: CRDN)
3: Altair Nanotechnologies Inc (nasdaq: ALTI)
4: Cliffs Natural Resources Inc (nyse: CLF)
Used to be CLEVELAND-CLIFFS INC.
5: USEC, Inc. (nyse: USU)
6: North American Palladium Ltd. (amex: PAL)
7: Diamonds Trust (nysearca: DIA)
8: Harry Winston Diamond Corporation (nyse: HWD)
Used to be ABER DIAMOND CORPORATION
9: Aurizon Mines Ltd (amex: AZK)
10: Noble Consolidated Industries Corp (pinksheets: NBLC)
Used to be U.S. CANADIAN MINERALS, INC
11: Standard & Poor's Depository Receipts Trust (nysearca: SPY)
12: Strategic Accelerated Redemption Securi (nysearca: GBN)
Used to be GREAT BASIN GOLD LTD
13: BHP Billiton Limited (nyse: BHP)
14: Ivanhoe Mines Ltd (nyse: IVN)
15: Alliance Resource Partners LP (nasdaq: ARLP)
16: El Capitan Precious Metals, Inc. (otcbb: ECPN)
17: Cameco Corporation (nyse: CCJ)
18: Minefinders Corporation Ltd (amex: MFN)www.knobias.com/individual/public/news.htm?eid=3.1.5b224299ef32518416687f2e3386998d7e37921591b2011e0b05f0e4d13cf05bcmkxunofficial.proboards.com/thread/4503 |
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Post by seagull on Aug 22, 2016 19:13:49 GMT -6
whitehatsauxiliaries says: August 21, 2016 at 3:52 pm As far as we know, PPs are still on an any moments notice. As for public RV/GS, I think what was implied was that to forestall a collapse, the GS/RV will need to be fast-tracked, or else we plummet off of a cliff PDQ without a re-capitalized dollar. A collapse is what they desperately need to avoid. That’s how I see it. In the meantime, let’s watch and await more information as it comes available |
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Post by seagull on Aug 23, 2016 17:17:34 GMT -6
got this from Grannys CMKX board. Cannot verify its true Mike ---------------------------------------------------------------------------- Unable to copy, paste, so it can't be altered. 08/22/2016 460 PLEA AGREEMENT as to Jeffrey Turino. (DC) (Entered: 08/23/2016) 08/22/2016 461 NOTICE to Contact the U.S. Probation Office as to Jeffrey Turino. (DC) (Entered: 08/23/2016) www.scribd.com/document/321993497/TURINO-PLEA-AGREEMENTTurino Probation Investigation www.scribd.com/document/321993930/Cmkm-Turino-Probation-Investigation-Show-tempHighlight Actual loss attributable to the conspiracy $35,000,000 RESTITUTION $35,000,0000 If doesn't meet conditions of the plea agreement, violates, like in making payments or giving up whatever he agreed to, he goes to prison. Haven't read the whole thing yet, 26 pages. It does no prohibit further civil actions. Read more: tfant53.proboards.com/thread/11149/turino-plea-agreement#ixzz4IBffVPkd |
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Post by seagull on Aug 24, 2016 14:31:20 GMT -6
August 24, 2016 U.S. Department of Justice District of Nevada 501 Las Vegas Blvd. South, Suite 1100 Las Vegas, NV 89101 Phone: (702) 388-6218 Fax: (702) 388-6296 Re: United States v. Defendant(s) Jeffrey Turino Case Number 2004R01639 and Court Docket Number 09-CR-00132 Dear XXXXXXX XXXX: The enclosed information is provided by the United States Department of Justice Victim Notification System (VNS). As a victim witness professional, my role is to assist you with information and services during the prosecution of this case. I am contacting you because you were identified by law enforcement as a victim during the investigation of the above criminal case. A pretrial motion(s) hearing has been scheduled for August 26, 2016, 02:30 PM at LV Courtroom 6D, Lloyd D. George U.S. Courthouse, 333 Las Vegas Blvd South, Las Vegas, NV 89101 for defendant(s) Jeffrey Turino before Judge Jennifer Dorsey. The purpose of this hearing is to clarify any outstanding issues prior to trial. This hearing is due to the motion the defendant filed to reopen his detention hearing. The status hearing previously scheduled for defendant(s) Jeffrey Turino on November 7, 2016, 01:30 PM at LV Courtroom 6D, Lloyd D. George U.S. Courthouse, 333 Las Vegas Blvd South, Las Vegas, NV 89101 has been cancelled. VNS will continue to provide you with updated case scheduling and event information. On August 22, 2016, defendant Jeffrey Turino pled guilty to the charges listed below. Any remaining counts will be disposed of at the time of sentencing. As a result of the guilty plea, there will be no trial involving this defendant. Number ofCharges: 1 Description of Charge(s): Fraudulent interstate transactions Disposition: Guilty Jeffrey Turino pled guilty to Conspiracy to Commit Securities Fraud (count 3). According to the plea agreement, he is looking at a sentence of 62 months imprisonment (he will get credit for time served.) The trial previously scheduled for defendant(s) Jeffrey Turino on November 15, 2016, 09:00 AM at LV Courtroom 6D, Lloyd D. George U.S. Courthouse, 333 Las Vegas Blvd South, Las Vegas, NV 89101 has been cancelled. VNS will continue to provide you with updated case scheduling and event information. The sentencing hearing for defendant(s), Jeffrey Turino, has been set for November 28, 2016, 11:00 AM at LV Courtroom 6D, Lloyd D. George U.S. Courthouse, 333 Las Vegas Blvd South, Las Vegas, NV 89101 before Judge Jennifer Dorsey. You are welcome to attend this proceeding; however, unless you have received a subpoena, your attendance is not required by the Court. If you plan on attending, you may want to verify the date and time by using the VNS Call Center or website. If you are a victim of the charged offense(s) and wish to speak at sentencing, please call our office well in advance of the scheduled hearing date. A United States Probation Officer prepares a report for the Court and may contact you to discuss the impact the crime had on you financially, physically, and/or emotionally. If you are contacted, please make every effort to provide accurate and detailed information. Because of the Court's schedule, hearing dates could change on very short notice. If you plan on attending, you may want to call the VNS Call Center or check the website to confirm the date and time. Please note, there is a 24-hour delay in information transfer to the website. Through the Victim Notification System (VNS) we will continue to provide you with updated scheduling and event information as the case proceeds through the criminal justice system. You may obtain current information about this case on the VNS website at www.notify.usdoj.gov or from the VNS Call Center at 1-866-DOJ-4YOU (1-866-365-4968) (TDD/TTY: 1-866-228-4619) (International: 1-502-213-2767). In addition, you may use the Call Center or Internet to update your contact information and/or change your decision about participation in the notification program. You will use your Victim Identification Number (VIN) 'XXXXXXX' and Personal Identification Number (PIN) 'XXXX' anytime you contact the Call Center and the first time you log into VNS on the website. If you are receiving notifications with multiple victim ID/PIN codes please contact the VNS Call Center. In addition, the first time you access the VNS website, you will be prompted to enter your last name (or business name) as currently contained in VNS. The name you should enter is ____ Remember, VNS is an automated system and cannot answer questions. If you have other questions which involve this matter, please contact this office at the number listed above. Sincerely, Daniel G. Bogden United States Attorney Debra Waite Victim Witness Specialist If you do not want to receive email notifications from the Victim Notification System (VNS) please log into the VNS Web site at www.notify.usdoj.gov, select "My Information", remove your email address and click the "update" button. If you remove your email address, you will continue to receive letters from VNS except in those case which have large numbers of victims. To change your email address, select "My Information", provide a new address and click the "update" button. If you do not want to receive any notifications in your case, select "Stop Receiving Notifications" and follow the instructions on the screen. If you believe you have received this email in error, please contact the office listed at top of the email message. Please note, if this is the first notification you have received from VNS you will need to wait 4-8 hours from receipt of this email before you can login to the VNS Internet site (https://www.notify.usdoj.gov). In addition, it will also be 4-8 hours before any documents which may have been uploaded to VNS as part of this notification are available under the "Downloads/Links" section on the Web page. Please call the Victim Notification System (VNS) Help Desk at phone number 1-866-625-1631 for assistance and questions. |
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fireman
Jack of Diamonds
Posts: 248
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Post by fireman on Aug 25, 2016 10:20:03 GMT -6
Question PR, are you saying court sees restitution different from settlement? Would SK then have a legal claim to this money? Thank you!!!!!!!
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Post by seagull on Aug 26, 2016 7:37:20 GMT -6
by Steve Kirkpatrick www.newhorizonsenergyllc.comAugust 25, 2016 RE: Update on NHE, Online Meeting Scheduled for 8/30/16 at 7 PM CDT To All NHE Investors and Interested Parties: Work continues on our 11-well Oklahoma project (Phase I), and is within a few weeks of completion. We are still waiting for electric power to be restored to one lease, and the installation of three bailers on three wells, plus a few minor repairs. We are pumping oil at this time, but are not near full production yet. We are pushing forward with the 64 well Phase II, and will finalize the acquisition if our engineering review indicates that we should close the deal. A final Phase III acquisition would take us to a total of 300 wells in a fairly tight geographic area. I continue to evaluate numerous additional prospects as potential acquisition targets, in an ongoing effort to find the very best ROI and safest options for a start-up venture with limited capital. I have formed strategic alliances with several co-venture partners that are willing to invest alongside NHE as needed to take down larger deals. I have scheduled an online meeting for NHE to be held Tuesday, August 30, 2016 at 7 PM CDT, using the Paltalk room designed for NHHI. Here are instructions for joining the meeting: 1. Download Paltalk Messenger (free download) and log into Paltalk. 2. Look under the heading “Business and Finance” rooms and under the subheading “Investments”. 3. When the room is open you will see the name “New Horizons Holdings, Inc.”. 4. Click on the room to join the meeting. I will discuss all NHE business and will answer your questions during the meeting. I hope many of you will attend. Thank you and God bless. Steve Kirkpatrick |
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Post by seagull on Aug 26, 2016 7:39:45 GMT -6
August 25, 2016 RE: CMKM/NHHI Webinar #58, Turino Plea Deal, NHE Post To All CMKM/NHHI Shareholders: I have scheduled CMKM/NHHI Webinar #58 for Tuesday night, August 30, 2016 at 8 PM CDT using the Paltalk room designed for NHHI. Here are instructions for joining the meeting: 1. Download Paltalk Messenger (free download) and log into Paltalk. 2. Look under the heading “Business and Finance” rooms and under the subheading “Investments”. 3. When the room is open you will see the name “New Horizons Holdings, Inc.”. 4. Click on the room to join the meeting. I will discuss all current CMKM/NHHI news, and will answer your questions as always. I hope many of you will attend the meeting. With regard to the ongoing criminal case against former CMKM management and insiders, defendant Jeffrey Turino has entered a guilty plea in exchange for a plea agreement that requires him to cooperate with the DOJ by providing testimony and information to be used against the remaining defendants. The plea agreement calls for a prison term of 72 months, and mandatory restitution of $35MM. Turino has already served the majority of the 72 months, and his ability to pay any restitution is unknown at this time. NHE, LLC Update If you are an investor in New Horizons Energy, LLC, or are interested in NHE, please go to the NHE website (www.newhorizonsenergyllc.com) to review my latest update to be posted today. Thank you and God bless. Steve Kirkpatrick |
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Post by seagull on Aug 26, 2016 7:42:29 GMT -6
Is t just me? While reading the Webinar notice, this statement from SK caught my eye as suggesting that CMKM is a separate entity. "If you are an investor in New Horizons Energy, LLC, or are interested in NHE, please go to the NHE website (www.newhorizonsenergyllc.com) to review my latest update to be posted today. " CMKM appears to have become twisted. CMKM changed name to NHHI and put out a proposal to shareholders to invest with some money going back to the company of NHHI/CMKM to keep it alive. That's the way I understood it. This morphed into another business of NHE the oil and gas deal which seems to be separate from us. I'm disappointed in the way this is being handled, without a clear view of CMKM and how all of us are affected. Its easy to have an incorrect understanding. The proposal to invest (new) money was intended for the new company, NHE. From the eventual profits of NHE there will be financial benefit to CMKM/NHHI by way of gifting a percentage; NHE to NHHI. pr |
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Post by seagull on Aug 27, 2016 9:38:35 GMT -6
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Post by seagull on Aug 31, 2016 11:34:27 GMT -6
Webinar notes by Portrush for 8/30/16
NOTES AS FOLLOWS I wasn't up to trying to capture the entire webinar word-for-word as I normally do when attending. Last night I just took notes on the key points that interested me personally, opting to avoid capturing repeats of a dozen webinars beforehand. Not SK's fault...rather shareholders who ask him to go over material covered a myriad of times before. Hence these notes have more brevity, so consider it an 'executive update' rather than a transcript. 38 people attending at the high point--yet 137 in the Grapevine at the same time. Clearly people enjoy discussing other topics at this time...But I digress. Keep in mind much of this is my words based on and/or inclusive of SK's specific comments. I'm not interested in outside interpretation/discussion...you can toss away what you don't agree with and it is possible I have misinterpreted his comments and/or meaning. However, SK is a pretty direct person. If its a specific quote from him, I tried to include quotation marks. ___ CMKX was a "sophisticated criminal enterprise" and "a lot of money was blown." The assets and cash the company is trying to seize (as a result of its civil trial) is for the expressed purpose of "capitalizing the company" so it can move forward into the oil business. SK "expects nothing from the trial by way of breakthrough to benefit the company or its shareholders" other than the shareholders receiving justice for what the insiders did to the company and stole from the shareholders. Trading again "is the only hope" for garnering dollars for shareholders. The "only way to address the NSS is to go back to trading." Once the company "exhausts cash from disgorgements" they are "going to run out of assets to turn into cash" and the company is going to have to fund-raise from various sources in order to make the company--work. As for Turino's plea settlement. The laws now require "mandatory restitution" and the government "tries to calculate the amount of damage" (to the shareholders). "Restitution is NOT based on the ability to pay." In this case the damages assessed ($35MM) are for all the companies listed, not just one. SK guesses "he'll never be able to pay one-cent of the restitution." Additionally, there is "no judgement against Turino"...nothing civil, just criminal. "Edwards is the biggest target" and he "is claiming he is indigent." He has no money and is using a taxpayer attorney for his defense. SK believes one of the tactics he will use as defense, as well as Turino, is a convertible debt argument. They loaned money to Urban, UC couldn't repay so he gave them more (and more) shares instead. That's how they got so many. As for the likelihood of distribution of the $35MM restitution requirement of Turino. SK doesn't "believe he'll pay it" and even if he did, it is for shareholders of all the named companies Turino wronged. SK said the "SEC for sure" and he "thinks the DOJ" can take out their prosecution costs FIRST before anything else is determined to be distributed. Given the years and expense...the DOJ/SEC "could take out millions." He also said the Government "could just give the money to the company"...he "doesn't know how it works." The Gov might look at the remaining amount and determine the best thing for shareholders is to give it to the company to try and make something of the company for future possibilities of ROI for shareholders. He then used Edwards civil judgement as a further example stating..."let's just suppose the company was able to recapture the entire $135MM." That "basically represents only half of the total loss" the shareholders suffered, "so the best option is to put it back into the company." How long would it take to get the company progressing enough to go back to trading? "It could happen in a couple of years, but keep in mind its been 4.5 years already." SK was adamant; "shareholders bought into a scam." He wasn't very animated with this--rather sober (in a non-perjorative sense of the word). This company "has 50K shareholders and a $200MM hole to fill" from the time he took over. What about the Wells Fargo settlement? Exactly as many of the more discerning shareholders have been saying for some time now...he cannot talk about it. When the taxes are filed in September ("something most companies don't do and aren't required") shareholders will see the numbers. "But don't expect me [SK] to come into next month's webinar and explain them. I'm prohibited from discussing" as a term of the settlement agreement. Moments later he went on the company really had "no case" against Wells. When he signed on with the company Frizzell told him they felt it was good for $40MM or more "for certain" but that didn't pan out to be true. They were past the SOL's, CMKM had NO company value--it was worth nothing. The cash it got from selling shares essentially passed from insider to insider and never hit the bank, so to speak. "Edwards laundered the money through 86 different Wells Fargo accounts"...but apparently none were solely in the company's name...so CMKM was always broke. WF was too big and CMKM too small to be able to fight them. If SK said it once, he said it a dozen times...he "expects nothing" from the Turino restitution order. "No money for shareholders" and really went on to say that "perhaps" there is money that Edwards still has--but it would take the Government to know where that is because CMKM/NHHI doesn't have the ability or resources to ferret that out. The only path to money for the shareholders is by trading once again. (note my comments above...could happen in a few years) The Q&A session was pretty rudimentary...most asking him to repeat the same answers to their 'angled' questions. One shareholder has some more-indepth questions and insight, but I'm sorry I wasn't able to capture but one of those. He asked about succession and as many of us knew, with SK as the only employee there is no successor should anything happen to SK. SK mentioned that it "would be up to Frizzell" as the company's lead attorney. I did ask about RICO since so many here question its applicability and/or why it wasn't raised with Turino. SK said he wasn't really sure about RICO, if it was applicable and if so it could be with Edwards maybe. He did say that he didn't know whether being charged with RICO would result in more/greater/any restitution for shareholders. He said he would have to research it and committed to doing so. Should he ever respond to me on it, I'll be sure to post the response. Lastly, for those to whom it matters; he mentioned a couple of the company's oil wells sustained some storm damage and are being repaired. He hopes to have them up soon. The company continues to look at new opportunities to acquire more wells and it all looks promising. But I refer you to earlier comments above...eventually the company will run out of cash from disgorgements and will have to find money elsewhere in order to continue. I may have missed something or 'mis-heard' in some fashion...but I believe this to be a fair representation of what was said. If I could sum up my own feelings on the matter (for what little it may be worth)...my thoughts remain the same. If NHHI is the future and only possible means of receiving any ROI, restitution or cash by any other means; pack a lunch, it's going to be a long while. Respectfully submitted, pr |
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Post by faithandlogic on Aug 31, 2016 19:23:27 GMT -6
It's time for an Al Hodges update..
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Post by seagull on Sept 1, 2016 10:41:31 GMT -6
DO NOT REPLY TO THIS EMAIL. September 01, 2016 U.S. Department of Justice District of Nevada 501 Las Vegas Blvd. South, Suite 1100 Las Vegas, NV 89101 Phone: (702) 388-6218 Fax: (702) 388-6296 XXXXXXX XXXX Re: United States v. Defendant(s) Jeffrey Turino Case Number 2004R01639 and Court Docket Number 09-CR-00132 Dear XXXXXXX XXXX: The enclosed information is provided by the United States Department of Justice Victim Notification System (VNS). As a victim witness professional, my role is to assist you with information and services during the prosecution of this case. I am contacting you because you were identified by law enforcement as a victim during the investigation of the above criminal case. Custody of a defendant during a federal criminal case is determined by the Court and is managed by the United States Marshal Service. Custody status of a defendant is subject to change during the course of the criminal proceedings. To receive the timeliest update to your case, please provide and verify your email address, as instructed below. As of August 26, 2016, Jeffrey Turino is not in the custody of the U.S. Marshal Service. The court, having reviewed the relevant information pertaining to the case, permitted the defendant to remain out of custody during the court proceedings. Defendant Turino was released from custody pending being sentenced on November 28, 2016. Through the Victim Notification System (VNS) we will continue to provide you with updated scheduling and event information as the case proceeds through the criminal justice system. You may obtain current information about this case on the VNS website at www.notify.usdoj.gov or from the VNS Call Center at 1-866-DOJ-4YOU (1-866-365-4968) (TDD/TTY: 1-866-228-4619) (International: 1-502-213-2767). In addition, you may use the Call Center or Internet to update your contact information and/or change your decision about participation in the notification program. You will use your Victim Identification Number (VIN) 'XXXXXXX' and Personal Identification Number (PIN) 'XXXX' anytime you contact the Call Center and the first time you log into VNS on the website. If you are receiving notifications with multiple victim ID/PIN codes please contact the VNS Call Center. In addition, the first time you access the VNS website, you will be prompted to enter your last name (or business name) as currently contained in VNS. The name you should enter is _____. Remember, VNS is an automated system and cannot answer questions. If you have other questions which involve this matter, please contact this office at the number listed above. Sincerely, Daniel G. Bogden United States Attorney Debra Waite Victim Witness Specialist If you do not want to receive email notifications from the Victim Notification System (VNS) please log into the VNS Web site at www.notify.usdoj.gov, select "My Information", remove your email address and click the "update" button. If you remove your email address, you will continue to receive letters from VNS except in those case which have large numbers of victims. To change your email address, select "My Information", provide a new address and click the "update" button. If you do not want to receive any notifications in your case, select "Stop Receiving Notifications" and follow the instructions on the screen. If you believe you have received this email in error, please contact the office listed at top of the email message. Please note, if this is the first notification you have received from VNS you will need to wait 4-8 hours from receipt of this email before you can login to the VNS Internet site (https://www.notify.usdoj.gov). In addition, it will also be 4-8 hours before any documents which may have been uploaded to VNS as part of this notification are available under the "Downloads/Links" section on the Web page. Please call the Victim Notification System (VNS) Help Desk at phone number 1-866-625-1631 for assistance and questions. |
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Post by faithandlogic on Sept 1, 2016 16:20:36 GMT -6
So the shareholders were screwed by the company more or less.. The original plan was to wind down the company and all assets and collected funds to go to the shareholders.. That is exactly what we were told... Instead they decided to keep it going.. Well, I don't know about you. But I'll take my portion now.. Even if it is only .0008 per share. And what about Al Hodges, all the promises he has made? I'm tired of empty promises from everyone. We were promised .54 cents per share for several years.. Then the company winding down and the remaining value to go to the shareholders..Then 3.5 trillion from Al Hodges.. Now we are getting squat.
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Post by hunter3 on Sept 1, 2016 18:29:09 GMT -6
seems like those who suppose to run cmkx and this new company took and takes everything for themselves starting with fizzel and west. jmo
i still am believing in Al. he is our last hope to get anything.
hunter3
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