Owner
Post by Franko10 ™ on Mar 15, 2005 19:57:38 GMT -5
This was by 'holdnolonger' brought to Millionaire board by KS,.. thanks bud
Good Post!
DTC may be in deep do do pretty soon if things aren't resolved.
CMKX shares have been audited and DTC is holding a bag full of NSS shares or not.407 billion of something.
It looks like CMKX is pointing the finger at the DTC for responsiblity for several things. When forms 3 and 4 come out we will know for sure.
Did we fa get ah bout the GEMM dividend shares showing up in our accounts before the distribution date, remember it was changed, that finger points back at the DTC also for issueing restricted dividends before they were even issued.
Is the SEC behind CMKX and trying to correct the problem of NSS. Could be. If you want to correct a problem, go to the source which is the DTC.
Something strikes me as odd is the USCA and CMKX halt all happen before the share structure is released. USCA has been on the greys because it can't prove its NSS until CMKX comes forth with filings proving a NSS if it exists and is why it still trades on the greys.Only the SEC has the power to pull strings like this. If CMKX has a NSS then the DTC will be caught manufacturing phantom dividends and phantom shares in excessive numbers. I'm thinking once this issue is settled with the DTC through the SEC, USCA and CMKX will both be back on the OTC.BB I don't have a clue if there will be any fines or penalties payed by the DTC, but there should be IMHO.
The key now is to what insiders hold and private placements.
The DTC is already nailed if Urban owns 51% or above of the OS. Not to mention if Citigroup/Smith Barney hold 10 to 20% in restricted shares in CMKX.
I be waiting patiently on the other filings to come out, these willbe the key.
Good Post!
DTC may be in deep do do pretty soon if things aren't resolved.
CMKX shares have been audited and DTC is holding a bag full of NSS shares or not.407 billion of something.
It looks like CMKX is pointing the finger at the DTC for responsiblity for several things. When forms 3 and 4 come out we will know for sure.
Did we fa get ah bout the GEMM dividend shares showing up in our accounts before the distribution date, remember it was changed, that finger points back at the DTC also for issueing restricted dividends before they were even issued.
Is the SEC behind CMKX and trying to correct the problem of NSS. Could be. If you want to correct a problem, go to the source which is the DTC.
Something strikes me as odd is the USCA and CMKX halt all happen before the share structure is released. USCA has been on the greys because it can't prove its NSS until CMKX comes forth with filings proving a NSS if it exists and is why it still trades on the greys.Only the SEC has the power to pull strings like this. If CMKX has a NSS then the DTC will be caught manufacturing phantom dividends and phantom shares in excessive numbers. I'm thinking once this issue is settled with the DTC through the SEC, USCA and CMKX will both be back on the OTC.BB I don't have a clue if there will be any fines or penalties payed by the DTC, but there should be IMHO.
The key now is to what insiders hold and private placements.
The DTC is already nailed if Urban owns 51% or above of the OS. Not to mention if Citigroup/Smith Barney hold 10 to 20% in restricted shares in CMKX.
I be waiting patiently on the other filings to come out, these willbe the key.
