By: leowanta on RB 9/11/08 | The CMKX Shareholder Home Page

By: leowanta on RB 9/11/08 Sept 11, 2008 15:29:46 GMT -5

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Post by sandi66 on Sept 11, 2008 15:29:46 GMT -5

By: leowanta
11 Sep 2008, 12:10 PM EDT
Msg. 763558 of 763747
(This msg. is a reply to 763470 by jboydwv.)
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? why is nufced here? it holds no investment in CMKX...

Free shares will not be paid for any restitution...

Free shares, were sold into the market...9 million -Stervy..
some tell me that those certificates were restricted...but somehow stervy turned them into cash.....

Now...those holding free shares will more than likely not be reimbursed...why? because urban has to pay for them out of his own holdings....not out of the company treasury...and nobody is going to pay the free shares ANY damages....

So, Urban more than likely if he pays for those free shares out of his pocket, will only have to pay what the market was trading at when the "gift" was given.... as in .0001...per share....

otherwise, Urban will probably not pay for any free shares out of his own pocket...

urban no longer is the CEO of the company....as CEO no way will free shares be honored from the company, no way will CMKX EVER TRADE AGAIN...so electronic shares are "dead" and free shares, well, they simply will be cancelled.

so, nufced and the rest of the freeloaders have no investment here, and just need to more on....anything nufecd and janice shell post is to be ignored, they have no clue what is about to occur....other than RICO charges, they might want to read up on their options.

leowanta

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By: leowanta
11 Sep 2008, 12:45 PM EDT
Msg. 763575 of 763747
(This msg. is a reply to 763566 by lilburrito0.)
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Tyler's lawsuits have no jurisdiction, expecting to see some
correction very soon....

Kevin and Bill Frizzell have no authority over paltalk rooms....
freedom of speech prevails, you should know that, it's Constitutionally gurananteed......remember the 1st Amendment?

leowanta

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By: leowanta
11 Sep 2008, 12:55 PM EDT
Msg. 871 of 872
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EVENT DRIVEN
By: oldepro
10 Sep 2008, 02:32 PM EDT
Msg. 763304 of 763408
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EVENT DRIVEN

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EVENT DRIVEN
« Thread Started Today at 12:59pm »

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SEC Enhances Investor Protections Against Naked Short Selling
FOR IMMEDIATE RELEASE
2008-143

Washington, D.C., July 15, 2008 - The Securities and Exchange Commission today issued an emergency order to enhance investor protections against "naked" short selling in the securities of Fannie Mae, Freddie Mac, and primary dealers at commercial and investment banks.
Additional Materials

* Amendment to Emergency Order
* Submit Comments on Emergency Orders (File No. S7-20-08)
* Emergency Orders FAQs

The SEC's order will require that anyone effecting a short sale in these securities arrange beforehand to borrow the securities and deliver them at settlement. The order will take effect at 12:01 a.m. ET on Monday, July 21. In addition to this emergency order, the SEC will undertake a rulemaking to address these issues across the entire market.

"The SEC's mission to protect investors, maintain orderly markets, and promote capital formation is more important now than it has ever been," said SEC Chairman Christopher Cox. "Today's Commission action aims to stop unlawful manipulation through 'naked' short selling that threatens the stability of financial institutions. We will continue our vigorous commitment to investors by working within the SEC and in close cooperation with our regulatory counterparts to promote the continued health and vibrancy of our markets."

The Commission's emergency order, pursuant to its authority under Section 12(k)(2) of the Securities Exchange Act of 1934, will be effective at 12:01 a.m. ET on July 21, 2008 and will terminate at 11:59 p.m. ET on July 29, 2008. The Commission may extend the order to continue it in effect thereafter if the Commission determines that the continuation of the order is necessary in the public interest and for the protection of investors, but for no more than 30 calendar days in total duration.

# # #

The securities identified in the Commission's order:

Company Ticker Symbol(s)
BNP Paribas Securities Corp. BNPQF or BNPQY
Bank of America Corporation BAC
Barclays PLC BCS
Citigroup Inc. C
Credit Suisse Group CS
Daiwa Securities Group Inc. DSECY
Deutsche Bank Group AG DB
Allianz SE AZ
Goldman, Sachs Group Inc GS
Royal Bank ADS RBS
HSBC Holdings PLC ADS HBC and HSI
J. P. Morgan Chase & Co. JPM
Lehman Brothers Holdings Inc. LEH
Merrill Lynch & Co., Inc. MER
Mizuho Financial Group, Inc. MFG
Morgan Stanley MS
UBS AG UBS
Freddie Mac FRE
Fannie Mae FNM

www.sec.gov/news/press/2008/2008-143.htm
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Re: EVENT DRIVEN
« Reply #2 Today at 1:03pm »

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Now look at the MM'S.
www.markethingych.com/tools/quotes/....e&freq=1&time=7
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Re: EVENT DRIVEN
« Reply #3 Today at 1:05pm »

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Now the exchanges themselves.
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Re: EVENT DRIVEN
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Overstock
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Re: EVENT DRIVEN
« Reply #5 Today at 1:09pm »

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The OTHER shoe.

SEC Extends Order Limiting Naked Short Selling Through August 12
FOR IMMEDIATE RELEASE
2008-155

Washington, D.C., July 29, 2008 — The Securities and Exchange Commission today extended an order issued July 15 to enhance investor protections against naked short selling in the securities of financial institutions to which the Federal Reserve has granted temporary access to liquidity facilities on an emergency basis. The extended order will be in effect until 11:59 p.m. EDT on Aug. 12, 2008, and will not be further extended.
Additional Materials

* Extension to Emergency Order
* Amendment to Emergency Order
* Emergency Order
* Submit Comments on Emergency Orders (File No. S7-20-08)
* Emergency Orders FAQs

The Commission's decision to extend the order for a second 10-day period, in addition to furthering the purposes of the original order, will permit the Commission staff to collect and analyze additional data on the impact and effect of the order's provisions. Following expiration of the extended order, the Commission will proceed immediately to consideration of rulemaking which would become effective after public notice and comment. The purpose of the rulemaking is to provide additional protections against abusive naked short selling in the broader market, while allowing the legitimate short selling essential to efficient, highly liquid markets.

The SEC’s order requires short sellers in the securities of the designated institutions to arrange to borrow the securities at the time of sale so that the buyers will receive the stock they purchased on time. Selling short without borrowing the stock to be sold, and failing to deliver it, is called naked short selling.

“The order is designed to protect legitimate short selling in these securities, but helps prevent illegitimate naked short selling and potential ‘distort and short’ manipulation,” said SEC Chairman Christopher Cox. “In addition to continuing the existing order against naked short selling, the Commission will continue exploring other remedies for the broader marketplace to further protect investors from ‘distort and short’ artists.”

Chairman Cox recently reported to the Congress that the Commission will soon consider rulemaking to apply additional protections against abusive naked short selling to the broader market.

The Commission’s order was issued under its emergency authority provided in Section 12(k)(2) of the Securities Exchange Act of 1934. The Act limits emergency orders to 10 business days. The total duration of the original order plus extensions may not exceed 30 calendar days from the date of the original order.

www.sec.gov/news/press/2008/2008-155.htm
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Chairman Cox recently reported to the Congress that the Commission will soon consider rulemaking to apply additional protections against abusive naked short selling to the broader market.

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Re: EVENT DRIVEN
« Reply #7 Today at 1:13pm »

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IMO, Christopher Cox avoided a financial meltdown 6-15-08. Look at some of the volume on 6-14-08.

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By: leowanta
11 Sep 2008, 01:30 PM EDT
Msg. 763594 of 763749
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McCain Nuclear Energy Revival May Cost $315 Billion (Update1)

By Elliot Blair Smith

Sept. 11 (Bloomberg) -- John McCain's plan to revive the U.S. nuclear power industry with 45 new reactors may cost $315 billion, with taxpayers bearing much of the financial risk.

The Republican presidential nominee wants the plants built in time to help the U.S. meet a 29 percent increase in electricity demand by 2030. Industry estimates put their cost at $7 billion each. Barack Obama, McCain's Democratic opponent, is less specific about his plans, saying he wants to ``find ways to safely harness nuclear power.''

Global warming and the rising cost of fossil fuels have boosted chances that atomic energy will supply more U.S. electricity. Public concerns remain about reactor safety and disposing of waste that stays hazardous for millennia. Investment bankers, citing the industry's cost overruns in the 1980s, say they won't finance its long-sought ``nuclear renaissance'' without federal backing.

``Loan guarantees get reactors built, simply put,'' said Kevin Book, senior vice president and energy specialist at the Friedman, Billings, Ramsey & Co. investment banking firm in Arlington, Virginia.

No new nuclear plants have opened in the U.S. since 1996. The 1979 scare at Three Mile Island in Pennsylvania and the 1986 explosion at Chernobyl in the former Soviet Union damped support for the technology.

Congress in December authorized $18.5 billion in guarantees that cover as much as 80 percent of nuclear plant construction costs -- enough to fund three typical reactors. Three power companies have already applied for the aid.

`Large Obstacle'

Constellation Energy Group Inc. of Baltimore was the first, on July 31. Its vice chairman, Michael Wallace, said in an interview that while the company hasn't decided whether to build a new reactor, securing loan guarantees is ``the last large obstacle in our path.''

Dominion Resources Inc. in Richmond, Virginia, also applied, as did a joint venture between Princeton, New Jersey-based NRG Energy Inc. and Toshiba Corp. of Tokyo. Chicago's Exelon Corp. will ask for the guarantees by month's end, said Thomas O'Neill, the company's vice president of new plant development.

A building boom would benefit developers of nuclear plants, including Paris-based Areva SA; Toshiba's Westinghouse Electric Co. subsidiary in Monroeville, Pennsylvania; and GE-Hitachi Nuclear Energy, a joint venture of General Electric Co., in Fairfield, Connecticut, and Tokyo's Hitachi Ltd.

The Nuclear Energy Institute, a trade group in Washington, says it will ask the next president to expand and extend the loan guarantee program.

Default Rate

The guarantees under the program, which is set to expire next year, require no upfront public spending.

Taxpayers are on the hook only if borrowers default. A 2003 Congressional Budget Office report said the default rate on nuclear construction debts might be as high as 50 percent, in part because of the projects' high costs.

``The nuclear industry has been aggressively going after taxpayer-backed loan guarantees because nuclear technology cannot stand on its own two feet in the marketplace,'' said Allison Fisher, an energy policy analyst for the nonprofit consumer group Public Citizen in Washington.

The Energy Information Administration estimated last year that adding nuclear power capacity would cost $2,143 a kilowatt before financing and inflation. That compared with $1,434 to $2,302 for clean-coal technologies.

Over the past year, the expense has more than doubled to $5,000 a kilowatt, or $7 billion for a typical reactor, utility filings and company statements show. The increase in part reflects rising prices for commodities such as steel and cement.

Uranium Prices Drop

At the same time, uranium prices have dropped. The Standard & Poor's Global Nuclear Energy Index has lost about a third of its value since November.

Arizona Senator McCain called for the 45 reactors by 2030 during a June campaign appearance, citing ``the ultimate goal of 100 new plants.'' The 104 U.S. reactors now operating produce 20 percent of the country's electricity.

Senator Obama, an Illinois Democrat, qualifies his support.

``It is unlikely that we can meet our aggressive climate goals if we eliminate nuclear power as an option,'' his energy plan states. ``However, before an expansion of nuclear power is considered, key issues must be addressed, including security of nuclear fuel and waste, waste storage and proliferation.''

Industry officials say they are encouraged.

``We've told them we think we can move ahead because these conditions can be met,'' said David Brown, vice president of federal affairs at Exelon, which operates 11 reactors in Illinois and six in the mid-Atlantic region, including the surviving Three Mile Island unit.

Exelon in Texas

Exelon is developing a new site in Victoria County in southeast Texas. Since that ``merchant'' plant would sell its power in the marketplace, it wouldn't be subject to state rate regulation. That means the company can't ask a public utility commission to recapture construction costs from customers.

That's the same reason why Constellation's Wallace says his plans for a new reactor in Maryland hinge on federal guarantees.

``Commercial banks, not having experienced new nuclear plant licensing in 30 years -- and with all the uncertainties inherent in the process in the U.S. -- are just not willing'' to provide financing without the supports, he said.

Through its Unistar Nuclear Energy LLC joint venture with the Paris-based utility Electricite de France, the company is developing a merchant power plant in Lusby, Maryland, 56 miles (90 kilometers) west of Washington.

``For the plants that are not regulated, the loan guarantees are essential,'' says Morgan Stanley executive director Caren Byrd, a nuclear finance specialist.

To contact the reporter on this story: Elliot Blair Smith in Washington at esmith29@bloomberg.net.

Last Updated: September 11, 2008 10:22 EDT

******************************************

THANK YOU PRESIDENT BUSH/JOHN MCCAIN/SARA PALIN!

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By: leowanta
11 Sep 2008, 03:54 PM EDT
Msg. 872 of 872
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Naked Short Sellers and those who helped promote NSS

By: pontiyak
11 Sep 2008, 03:15 PM EDT
Msg. 763687 of 763733
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A Bad Day for Criminals and the Journalists Who Love Them
September 10th, 2008 by Mark Mitchell

The mainstream financial media says that the SEC should not crack down on criminal short sellers because short sellers are vital to the markets (and vital ghost-writers of a lot of what appears in the financial media). But much of the world has come to understand the enormity of the illegal short selling scandal, and there is a palpable feeling that the days are numbered for the miscreants who are turning our markets to mush.

Consider the events of just the last 24 hours.

Yesterday, we received word that Jonathan Curshen of Red Sea Management was arrested in New York. As described in “The Story of Deep Capture,” Curshen used to work for Pacific International, a Mafia-infested brokerage that has been favored by criminal naked short sellers and serves as a popular source to journalists, such as Dow Jones Reporter Carol Remond, who insist that illegal naked short selling isn’t a problem.

A Deep Capture team member, working undercover, once traveled to Costa Rica to meet Curshen. On multiple occasions, this creep admitted to our undercover vigilante that he participated in illegal naked short selling – and threatened to kill anyone who revealed this. Curshen also admitted laundering money for criminal short sellers, and described special debit cards that could not be traced to their users. These cards, Curshen said, were used to pay off government officials and journalists.

We are awaiting details of the charges against Curshen. They should be interesting.

Meanwhile, it was announced today that Deutsche Bank Securities has agreed to pay the largest fine ever levied by the New York Stock Exchange for short-selling violations. Only the Associated Press and Reuters reported this news. Reuters noted that Deutsche Bank completed sales of securities “without borrowing the securities or having reasonable grounds that they could be borrowed.” This is otherwise known as illegal naked short selling.

Strangely, however, Reuters suggested it wasn’t naked short selling at all. It wasn’t naked short selling,said Reuters, because the case involved “failures to locate the securities to cover short sales, not necessarily a failure to deliver the securities.”

How does one deliver securities that one has not located? Late in the day, Reuters put out a corrected story with a quote from a NYSE official who said, yes, “if you can’t locate the securities, it may lead to a fail to deliver” – and, yes, that is naked short selling, which is another way of saying that Deutsche Bank Securities sold massive amounts of phantom stock.

This is not at all surprising. For years, a devoted crew of bloggers have pegged Deutsche Bank as a central player in the naked short selling scandal. This was a big reason why the bloggers were called “conspiracy theorists” and “crazies,” and I suppose it would be pretty nutty of me to suggest that one of these days there’s going to be jail time for the criminal hedge funds that ordered Deutsche Bank to sell all that phantom stock in an effort to destroy public companies for profit.

But short sellers are vital to the markets, so let’s pretend not to notice the third interesting news item of the day, which is that Morgan Keegan & Co., a Tennessee-based brokerage, has fired stock analyst John Gwynn for allowing short-selling clients to see his research reports before they were made available to the public. As Deep Capture reporter Judd Bagley noted in our previous blog post, the reports in question all concerned a company called Fairfax Financial.

A small group of short-sellers are alleged to have participated in a scheme – dubbed the “Fairfax Project” – to drive down Fairfax’s stock price. We noted in “The Story of Deep Capture,” that one of the short selling hedge funds, an affiliate of Steve Cohen’s SAC Capital, went so far as to hire a thug named Spyro Contogouris to threaten Fairfax’s executives and their families. The thug (later jailed for ripping off a Greek shipping magnate) even wrote a letter to the church pastor of Fairfax’s CEO, accusing the CEO, who is an honest family man, of being a sado-masochist group-sex afficionado who had scammed the Catholic Church out of millions of dollars.

In a lawsuit filed in 2006, Fairfax claimed that this group of short sellers – Steve Cohen, David Rocker, Jim Chanos and Dan Loeb – conspired with Morgan Keegan to manufacture false, negative research about Fairfax. Morgan Keegan, no doubt to avoid liability, maintains that the research was accurate, but I’ve seen some of that research, and it can hardly be called “truth.” In any case, by firing Gwynn, Morgan Keegan makes it plenty clear that the short-sellers who attacked Fairfax were up to no good.

This same clique of short-sellers has attacked dozens of other companies, almost always resorting to similar tactics: false “independent” research (dictated by the short-sellers, who trade ahead of it); harassment of targeted executives by thugs and criminals; scurrilous rumor-mongering; so-called “bashers” who are paid by the shorts to flood the Internet with smears and distortions; corporate espionage; government investigations (which are instigated by the shorts, and drain corporate resources, but usually end in no action); and bogus class action lawsuits (usually filed by a corrupt law firm called Milberg Weiss until Milberg’s top partners went to jail for bribing plaintiffs).

A hugely disproportionate number of the companies that have been targeted by this clique of short-sellers have also been victimized by massive levels of phantom stock. Ultimately the SEC will have to say who was behind the illegal naked short selling, and so far it has not prosecuted anyone. However, it has launched an investigation into Dan Loeb, who aside from being named as a leader of the “Fairfax Project,” has featured prominently on Deep Capture for paying a minion to manage a stable of criminals and knaves to smear corporations and whitewash the naked short selling scandal.

The media has dutifully mimicked Loeb’s claim that the SEC is only investigating whether he has “communicated” with other hedge fund managers – and, golly, there can’t be anything wrong with sharing ideas with one’s colleagues. But we’ll wager that Loeb isn’t telling the whole truth, and the SEC is investigating the full range of tactics employed by his crew of short-selling scallywags.

It is par for the course that the media has been kind to Loeb. For years, his clique of short-sellers have been the primary sources of negative information for a small cast of influential, but dishonest journalists. The journalists’ stories were often false, but they — along with the phony financial research, the criminal bashers, the hired thugs, the bogus lawsuits, the dead-end government investigations, and the piles of phantom stock – helped pummel stock prices. When the stock prices fell, the journalists wrote more stories blaming the companies for their falling stock prices.

Not once have any of these journalists written about the shenanigans of their short-selling sources. Not once have the journalists suggested that the short-sellers’ tactics or phantom stock could have contributed to the falling stock prices that were the subjects of so many of their stories. Indeed, the most degenerate of these journalists — CNBC’s Herb Greenberg, former BusinessWeek reporter Gary Weiss, Bethany McLean of Fortune Magazine, Carol Remond of Dow Jones, Joe Nocera of the New York Times – have gone to lengths to convince the American public that short-sellers do not commit crimes.

Perhaps following the lead of their eminent colleagues, or perhaps because they simply don’t have time to clear away the smoke blowing from the hedge fund lobby, a number of other journalists continue to behave as if illegal naked short selling is not a problem. And today, with the emergence of yet more evidence to the contrary — with the criminals backed against the wall, and the spotlight creeping closer — there was from the complicit journalists nothing but silence.

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By: leowanta
11 Sep 2008, 04:10 PM EDT
Msg. 763743 of 763750
(This msg. is a reply to 763630 by silverbulletny1.)
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yep, let's see...

1. we recover all our claims from friends, etgmf deal falls apart...settlement imminent.. (BACK - ABC COMPANIES)
2. tyler goes belly up FRONT - TEXAS STORM
3. NEW CEO...handles sale of company to HUGE CONGLOMERATE (CENTER)>>>>
4. bonafide shareholders prior to sale receive HUGE distribution of shorted money...paid back

yes, silver, it is alllllllllll true ALL EYES ON CANADA AND SEC...... restitution is immenent waiting on leslie to get that default judgment order signed, filed...

leowanta

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