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Post by Franko10 ™ on Mar 28, 2005 10:02:41 GMT -5
Here is a post from another board on the role of SGGM in the mix of things........ well written and well thougth out, imo!!!
By: holdnolonger
27 Mar 2005, 09:24 PM EST
Msg. 869748 of 870012
Jump to msg. #
Some thoughts about SGGM.
Is citigroup the entity behind SGGM.
Yes and No. SGGM is the NSS settlement pool. IMHO
Why was it rumored Urban was so excited about september?
Why did some of the reps at ameritrade say that they are NSS because of Urban. I heard this rumor one or twice last week.
If Citigroup has financed most of the CMKI to CMKX ordeal, wouldn't there be a conflict buying knight derivative and not cleaning up the NSS right off the start.
I think this is what may have happened.
Roger Glenn came up with a current valuation on CMKX.
Based on the valution Citigroup paid for Knights NSS problem with a tender offer.
When the deal was sealed SGGM was created to place the settlement into share structure such as SGGM's since there is little float and the AS is 950,000,000,000 these shares can actually act as restricted shares until issued by the company(SGGM)or CMKX reverse merged into SGGM you could get one share of SGGM for each shares of CMKX.
SGGM is par value of .01.
So you would more than likely get .01 or better.
My biggest question is how did Urban know(rumored) back in July about a .54 tender offer. I think Urban knew based on what citigroup settled Knight NSS problem with our current valuation. I think this explains why Roger Glenn was working for as agreed attorney between Citigroup and CMKX to get valuation and a settlement price of .54. But now that citigroup and knights problem is erase Roger Glenn puts the screw in the rest of the other MMs and brokers with the dividends and I would think that if the rest of the NSS want to settle up 7 months later, their price will be alot more than .54 if thats what citigroup/Knight derivative paid.
SGGM has been the odd ball in all of this. No board members, no claims, no PRS.
Which makes me come to the conclusion that it is basically a shell holding the money from the NSS settlements. As we can tell something HUGE is going on in CMKX trading and if Jay abode is correct on the VWAP thingy this money could be going into SGGM(shell)
Here what I think will happen.
CMKX will not go to court. VWAP settlement will continue and be all settled up by the end of next week. The following monday CMKX will give the SEC the finger and reverse merge into SGGM and we will get our tender offer.
This will clear up the NSS and basically leave no shareholders in CMKX. The only thing that SGGM will hold is CMKX assets and Urbans 200 billion shares for majority interest giving him control of the company.
Then whenever Urban deisres probably in June or July he can merge his CMKX/SGGM assets into CIM and IPO.
I think Citigroups goose got cooked on covering Knights shorts in CMKX but will make an incredible profit underwriting for a CIM IPO and holding at least 10% interest.
1millionaire.proboards31.com/index.cgi?board=general&action=display&thread=1111984198
By: holdnolonger
27 Mar 2005, 09:24 PM EST
Msg. 869748 of 870012
Jump to msg. #
Some thoughts about SGGM.
Is citigroup the entity behind SGGM.
Yes and No. SGGM is the NSS settlement pool. IMHO
Why was it rumored Urban was so excited about september?
Why did some of the reps at ameritrade say that they are NSS because of Urban. I heard this rumor one or twice last week.
If Citigroup has financed most of the CMKI to CMKX ordeal, wouldn't there be a conflict buying knight derivative and not cleaning up the NSS right off the start.
I think this is what may have happened.
Roger Glenn came up with a current valuation on CMKX.
Based on the valution Citigroup paid for Knights NSS problem with a tender offer.
When the deal was sealed SGGM was created to place the settlement into share structure such as SGGM's since there is little float and the AS is 950,000,000,000 these shares can actually act as restricted shares until issued by the company(SGGM)or CMKX reverse merged into SGGM you could get one share of SGGM for each shares of CMKX.
SGGM is par value of .01.
So you would more than likely get .01 or better.
My biggest question is how did Urban know(rumored) back in July about a .54 tender offer. I think Urban knew based on what citigroup settled Knight NSS problem with our current valuation. I think this explains why Roger Glenn was working for as agreed attorney between Citigroup and CMKX to get valuation and a settlement price of .54. But now that citigroup and knights problem is erase Roger Glenn puts the screw in the rest of the other MMs and brokers with the dividends and I would think that if the rest of the NSS want to settle up 7 months later, their price will be alot more than .54 if thats what citigroup/Knight derivative paid.
SGGM has been the odd ball in all of this. No board members, no claims, no PRS.
Which makes me come to the conclusion that it is basically a shell holding the money from the NSS settlements. As we can tell something HUGE is going on in CMKX trading and if Jay abode is correct on the VWAP thingy this money could be going into SGGM(shell)
Here what I think will happen.
CMKX will not go to court. VWAP settlement will continue and be all settled up by the end of next week. The following monday CMKX will give the SEC the finger and reverse merge into SGGM and we will get our tender offer.
This will clear up the NSS and basically leave no shareholders in CMKX. The only thing that SGGM will hold is CMKX assets and Urbans 200 billion shares for majority interest giving him control of the company.
Then whenever Urban deisres probably in June or July he can merge his CMKX/SGGM assets into CIM and IPO.
I think Citigroups goose got cooked on covering Knights shorts in CMKX but will make an incredible profit underwriting for a CIM IPO and holding at least 10% interest.
1millionaire.proboards31.com/index.cgi?board=general&action=display&thread=1111984198
