Post by sandi66 on Dec 19, 2008 1:44:26 GMT -5
BHollenegg
DIAMOND JEDI MASTER
Re: SEC Commission v. CMKM Diamonds, Inc. et al
« Reply #27 Today at 4:28am »
The interesting pieces of information that stands out after reading the "SEC Commission vs CMKM Diamonds, Inc. et al" are…
1. No fines assessed on Urban Casavant
2. No mention of CMKX Naked Short Count.
Why is this?…
Urban Casavant was the CEO during the illegal activities of John Edwards, yet Urban doesn’t receive a fine. Urban Casavant, according to the SEC put out false Press Releases, yet Urban Casavant doesn’t receive a fine?
The largest naked shorted stock in the history of the stock market and there is no mention of this or references.
Is this because?…
1. The SEC threatened to charge Urban Casavant in 2003 for stock price manipulation if he followed through the cert pull as stated publicly in his 2003 Seven Step Plan to stop the naked shorting of CMKX. (see reference below)
2. The SEC investigated Urban Casavant’s procedures he used to stop and identify the naked shorts. The SEC investigated whether Urban’s plans to prove and identify the guilty parties in the naked shorting of CMKX caused the NSS to increase to the magnitude of the largest naked shorted stock in the history of the stock market. The SEC tried to “Chill” CMKM Diamonds in order to remove the SEC’s liability.
3. When Urban Casavant suspected illegal dumping of CMKX Stock, Urban hid in a parked vehicle and monitored the transfer agent’s office to see if any one related to CMKM Diamonds was conducting business with the transfer agent without his knowledge and approval.
4. When Urban Casavant found out John Edwards was dumping shares, Urban was so angry, they had to practically peel Urban off of John Edwards.
5. Urban Casavant is still involved with CMKM Diamonds, Inc.
These are important points to remember as we go after our compensation. It will be interesting to see how this all unfolds.
Thank you,
Bhollenegg
Reference…Urban’s Seven Point Plan…
Urban Casavant’s 2003 Plan of Action to Stop Naked Shorting
The Evasive Action…First Public Warning…The Short List:
Urban Casavant announced that the majority shareholders plan on holding their shares in certificate form indefinitely if it helps the Company combat "naked short selling". Also, Urban locked-up all his CMKI Stock.
LAS VEGAS--(BUSINESS WIRE)--Jan. 7, 2003
Casavant Mining Kimberlite International Inc. (OTCBB:CMKI) announced today a series of corporate initiatives in advance of the January 15, 2003 majority shareholder meeting to be held in Las Vegas, NV.
First, CMKI is encouraging every shareholder to hold his shares in certificate form and if the shares are held in street name to make sure that he registers the shares in his own name to make sure the shareholder is properly identified in the official shareholder's audit that is being conducted by the Company and its Transfer Agent. The purpose of the audit is to make sure that every shareholder of record is identified for purposes of the CMKI's mandatory share and cash dividend policy. The share and cash dividend policy is explained below in fuller detail.
Second, CMKI will be contacting the broker-dealer and market maker community to request their cooperation in the shareholder audit. In this regard, CMKI has identified the following market-makers who are active in the Company's shares based on information obtained on January 6, 2003 at www.otc.bb.com, as follows:
AGIS Aegis Capital Corp.
BAMM Brokerage America, Inc.
BMAS BMA Securities
BPAT Baird, Patrick & Co., Inc.
CLYN Carlin Equities Corp.
DOMS Domestic Securities, Inc.
FRAN Wm. V. Frankel & Co., Inc.
GNET Globenet Securities, Inc. (1)
GNLN Gunallen Financial, Inc.
GVRC GVR Company LLC
HILL Hill Thompson Magid, L.P.
JEFF Jeffries & Company, Inc.
LTCO Ladenburg, Thalman & Co., Inc.
MAYF May Financial Corporation
MHMY M. H. Meyerson & Co., Inc.
NAIB Global Partners Securities Inc.
NATL National Securities Corporation
NITE Knight Securities, L.P.
PGON Paragon Capital Markets, Inc.
PILL Phillip Louis Trading Corp.
PRGM Program Trading Corp.
PUGS Puglisi & Co.
QUIN Park Financial Group, Inc.
SCHB Schwab Capital Markets, L.P.
SEAB Seabord Securities, Inc.
TDCM T.D. Waterhouse Capital Markets
VFIN Vfinance Investments, Inc.
(1) Globenet Securities, Inc. was an active market maker during part of the trading day on January 6, 2003, but later "excused" itself from market making activities.
Third, CMKI has been informed that majority shareholders plan on holding their shares in certificate form indefinitely if it helps the Company combat "naked short selling". Under a naked short sale, short positions are not declared, shares are not borrowed to cover the short sale, and the shares are sold without delivering the stock to the purchaser. Real shareholder ownership is undermined by naked short sales of stock and failed deliveries of real certificates that artificially inflate ownership and devalue the price of the securities.
Fourth, CMKI, as previously announced, plans on approving at its majority shareholder meeting a mandatory share and cash dividend policy. The share dividend policy reflects the Company's acquisition strategy that identifies undervalued take-over targets in mineral resource and related businesses. The Company is currently evaluating 7 companies each of whom will benefit from new managerial economic assessment, asset appraisals, accounting peer review and legal restructuring.
Fifth, CMKI believes that its shareholders and the targeted company's shareholders will best benefit from a "cross-dividend" policy. For example, if CMKI acquires a new target company in an exchange of shares, CMKI will pay its shareholders a mandatory 8% dividend of the total number of shares exchanged with the new target company. The shareholders of the new target company will be treated with the same fairness and therefore will be entitled to receive a mandatory 8% dividend of the total number of CMKI shares exchanged with the new target company. Since the mining and mineral resources business is highly fragmented, CMKI believes that its acquisition strategy will provide a way to leverage its assets into a larger more diversified portfolio of companies.
Sixth, CMKI believes that its cross-dividend policy will result in share dividends being issued in the 3Q03. The legal audit of its shareholders of record will speed up this process. Further, CMKI has structured its mandatory 10% cash dividend policy (which is based on its net earnings) to benefit those shareholders of record on the declared dividend date.
Seventh, CMKI believes that its acquisition strategy, spearheaded by the Casavant Family, will require the addition of a seasoned management team. Accordingly, the Board of Directors has nominated Jay McFadden to become Vice-Chairman and Chief Executive Officer, David Bending as President and Chief Operation Officer, and Rick Taulli as Secretary. Messrs. McFadden, Bending and Taulli are currently affiliated with Juina Mining Corporation. See www.juinamining.com. The Board of Directors has nominated David DeSorneau as Treasurer. Mr. DeSorneau was previously a consultant to CMKI. See December 3, 2002 Press Release. The nominations will be voted upon by the majority shareholders at the January 15, 2003 meeting.
findarticles.com/p/articles/mi_m0EIN/is_2003_Jan_7/ai_96198036
DIAMOND JEDI MASTER
Re: SEC Commission v. CMKM Diamonds, Inc. et al
« Reply #27 Today at 4:28am »
The interesting pieces of information that stands out after reading the "SEC Commission vs CMKM Diamonds, Inc. et al" are…
1. No fines assessed on Urban Casavant
2. No mention of CMKX Naked Short Count.
Why is this?…
Urban Casavant was the CEO during the illegal activities of John Edwards, yet Urban doesn’t receive a fine. Urban Casavant, according to the SEC put out false Press Releases, yet Urban Casavant doesn’t receive a fine?
The largest naked shorted stock in the history of the stock market and there is no mention of this or references.
Is this because?…
1. The SEC threatened to charge Urban Casavant in 2003 for stock price manipulation if he followed through the cert pull as stated publicly in his 2003 Seven Step Plan to stop the naked shorting of CMKX. (see reference below)
2. The SEC investigated Urban Casavant’s procedures he used to stop and identify the naked shorts. The SEC investigated whether Urban’s plans to prove and identify the guilty parties in the naked shorting of CMKX caused the NSS to increase to the magnitude of the largest naked shorted stock in the history of the stock market. The SEC tried to “Chill” CMKM Diamonds in order to remove the SEC’s liability.
3. When Urban Casavant suspected illegal dumping of CMKX Stock, Urban hid in a parked vehicle and monitored the transfer agent’s office to see if any one related to CMKM Diamonds was conducting business with the transfer agent without his knowledge and approval.
4. When Urban Casavant found out John Edwards was dumping shares, Urban was so angry, they had to practically peel Urban off of John Edwards.
5. Urban Casavant is still involved with CMKM Diamonds, Inc.
These are important points to remember as we go after our compensation. It will be interesting to see how this all unfolds.
Thank you,
Bhollenegg
Reference…Urban’s Seven Point Plan…
Urban Casavant’s 2003 Plan of Action to Stop Naked Shorting
The Evasive Action…First Public Warning…The Short List:
Urban Casavant announced that the majority shareholders plan on holding their shares in certificate form indefinitely if it helps the Company combat "naked short selling". Also, Urban locked-up all his CMKI Stock.
LAS VEGAS--(BUSINESS WIRE)--Jan. 7, 2003
Casavant Mining Kimberlite International Inc. (OTCBB:CMKI) announced today a series of corporate initiatives in advance of the January 15, 2003 majority shareholder meeting to be held in Las Vegas, NV.
First, CMKI is encouraging every shareholder to hold his shares in certificate form and if the shares are held in street name to make sure that he registers the shares in his own name to make sure the shareholder is properly identified in the official shareholder's audit that is being conducted by the Company and its Transfer Agent. The purpose of the audit is to make sure that every shareholder of record is identified for purposes of the CMKI's mandatory share and cash dividend policy. The share and cash dividend policy is explained below in fuller detail.
Second, CMKI will be contacting the broker-dealer and market maker community to request their cooperation in the shareholder audit. In this regard, CMKI has identified the following market-makers who are active in the Company's shares based on information obtained on January 6, 2003 at www.otc.bb.com, as follows:
AGIS Aegis Capital Corp.
BAMM Brokerage America, Inc.
BMAS BMA Securities
BPAT Baird, Patrick & Co., Inc.
CLYN Carlin Equities Corp.
DOMS Domestic Securities, Inc.
FRAN Wm. V. Frankel & Co., Inc.
GNET Globenet Securities, Inc. (1)
GNLN Gunallen Financial, Inc.
GVRC GVR Company LLC
HILL Hill Thompson Magid, L.P.
JEFF Jeffries & Company, Inc.
LTCO Ladenburg, Thalman & Co., Inc.
MAYF May Financial Corporation
MHMY M. H. Meyerson & Co., Inc.
NAIB Global Partners Securities Inc.
NATL National Securities Corporation
NITE Knight Securities, L.P.
PGON Paragon Capital Markets, Inc.
PILL Phillip Louis Trading Corp.
PRGM Program Trading Corp.
PUGS Puglisi & Co.
QUIN Park Financial Group, Inc.
SCHB Schwab Capital Markets, L.P.
SEAB Seabord Securities, Inc.
TDCM T.D. Waterhouse Capital Markets
VFIN Vfinance Investments, Inc.
(1) Globenet Securities, Inc. was an active market maker during part of the trading day on January 6, 2003, but later "excused" itself from market making activities.
Third, CMKI has been informed that majority shareholders plan on holding their shares in certificate form indefinitely if it helps the Company combat "naked short selling". Under a naked short sale, short positions are not declared, shares are not borrowed to cover the short sale, and the shares are sold without delivering the stock to the purchaser. Real shareholder ownership is undermined by naked short sales of stock and failed deliveries of real certificates that artificially inflate ownership and devalue the price of the securities.
Fourth, CMKI, as previously announced, plans on approving at its majority shareholder meeting a mandatory share and cash dividend policy. The share dividend policy reflects the Company's acquisition strategy that identifies undervalued take-over targets in mineral resource and related businesses. The Company is currently evaluating 7 companies each of whom will benefit from new managerial economic assessment, asset appraisals, accounting peer review and legal restructuring.
Fifth, CMKI believes that its shareholders and the targeted company's shareholders will best benefit from a "cross-dividend" policy. For example, if CMKI acquires a new target company in an exchange of shares, CMKI will pay its shareholders a mandatory 8% dividend of the total number of shares exchanged with the new target company. The shareholders of the new target company will be treated with the same fairness and therefore will be entitled to receive a mandatory 8% dividend of the total number of CMKI shares exchanged with the new target company. Since the mining and mineral resources business is highly fragmented, CMKI believes that its acquisition strategy will provide a way to leverage its assets into a larger more diversified portfolio of companies.
Sixth, CMKI believes that its cross-dividend policy will result in share dividends being issued in the 3Q03. The legal audit of its shareholders of record will speed up this process. Further, CMKI has structured its mandatory 10% cash dividend policy (which is based on its net earnings) to benefit those shareholders of record on the declared dividend date.
Seventh, CMKI believes that its acquisition strategy, spearheaded by the Casavant Family, will require the addition of a seasoned management team. Accordingly, the Board of Directors has nominated Jay McFadden to become Vice-Chairman and Chief Executive Officer, David Bending as President and Chief Operation Officer, and Rick Taulli as Secretary. Messrs. McFadden, Bending and Taulli are currently affiliated with Juina Mining Corporation. See www.juinamining.com. The Board of Directors has nominated David DeSorneau as Treasurer. Mr. DeSorneau was previously a consultant to CMKI. See December 3, 2002 Press Release. The nominations will be voted upon by the majority shareholders at the January 15, 2003 meeting.
findarticles.com/p/articles/mi_m0EIN/is_2003_Jan_7/ai_96198036