Owner
Post by Franko10 ™ on Dec 14, 2005 18:42:56 GMT -5
Greetings Group Members and CMKX Shareholders,
Holiday greetings to all of you. The fax in campaign is proceeding as expected. We have devised quite a few special handling systems to accommodate both the faxed certs and the certs that have been mailed in. You are very fortunate to have a group as dedicated as the technology people that we have hired to accomplish the goal of the task force. We are preparing for quite an increase in the numbers of certs we will be receiving. The transfer agent has told us that she has started sending the brokers the certs they are requesting. Many of you should be receiving your certs in the next week or two. Once you receive your certs, please follow the directions at www.cmkmtaskforce.com .
The transfer agent would like to ask you to refrain from calling their office unless there is an emergency of some type regarding your cert request. Her office is spending a great deal of time looking up information on certs to accommodate phone callers, but researching information on your account takes resources away from the task of getting the certs out to the brokerage houses.
The SEC issued a subpoena to each member of the CMKM Task Force several days ago. We have been asked to give a deposition and various times for these depositions are being discussed with the SEC. I anticipate that I will be deposed in Los Angeles during the first week of January. I have reached an agreement with Leslie as to the items I will produce in response to the subpoena. Leslie Hakala agrees that communications between me and any shareholders that I represent are privileged and I am not under an obligation to produce any materials of this nature. I would characterize the inquiry as primarily an investigation into dealings in the Entourage distribution and the CMKM Task Force. Since I have had no direct dealings with Entourage, my information will not be terribly helpful to the SEC in this regard. The negotiations surrounding this production of documents by me to the SEC has been amicable. As I told Leslie, if there is any info I have that will help the SEC go after the bad guys, I am more than happy to cooperate. Investigations by the SEC are private matters until a formal proceeding is instituted. In the spirit of openness and transparency I am informing you of this subpoena and I do not plan on releasing any further information regarding this deposition.
I still anticipate a press release from Don Stoecklein confirming the extension date and giving you some information on how the task force plans to get additional notice out to the shareholders. This release is expected in the next week or so.
As for the latest on Entourage, I would refer you to the posts by CDLIC for the latest on the Entourage story. CDLIC has talked with Entourage management. I have not been communicating with Entourage management.
I get reports from shareholders hourly about the problems they are having in their efforts to obtain their certs. We are keeping good records on the broker responses and the notes from shareholders about their problems. Please continue informing this office of your problems in obtaining your certs. Our data collection system is now functioning efficiently and we look forward to finishing the task once the certs start coming from the brokerage houses. We have documented over 100 billion shares on a relatively small number of certs.
I am receiving quite a large number of emails and phone calls wanting to know when you will be receiving “the settlement”. This is Christmas time and I do not like to put any damper on anyone’s dreams during this holiday period, but I have no information that there is a settlement of any kind in the works. I really believe that I would be told of any settlement offers by any third parties. It is okay to hope there are settlement discussions going on behind corporate doors, but I am not aware of any. I am not on the inside with corporate management other than as a task force member attempting to identify all CMKX shareholders. It will thrill me to no end to be able to report to you that there is progress on the settlement front if I ever learn of such. I get questioned by people on a daily basis who are convinced that I am knowledgeable of huge monies in some trust fund and there is a suggestion that I am choosing to keep this information from you for some reason. I wish I had such knowledge, but I do not.
This time of the year is particularly troubling for me. We receive a lot of information about the shareholders’ personal lives as it relates to the hopes they have for a return on this stock. There are widows, health stricken elderly people, terminally ill shareholders, and many people in dire financial straits who have pinned all their hopes on this stock. All of us here at my law office and The Owners Group have you in our prayers especially at this time of year.
Onward,
Bill
Holiday greetings to all of you. The fax in campaign is proceeding as expected. We have devised quite a few special handling systems to accommodate both the faxed certs and the certs that have been mailed in. You are very fortunate to have a group as dedicated as the technology people that we have hired to accomplish the goal of the task force. We are preparing for quite an increase in the numbers of certs we will be receiving. The transfer agent has told us that she has started sending the brokers the certs they are requesting. Many of you should be receiving your certs in the next week or two. Once you receive your certs, please follow the directions at www.cmkmtaskforce.com .
The transfer agent would like to ask you to refrain from calling their office unless there is an emergency of some type regarding your cert request. Her office is spending a great deal of time looking up information on certs to accommodate phone callers, but researching information on your account takes resources away from the task of getting the certs out to the brokerage houses.
The SEC issued a subpoena to each member of the CMKM Task Force several days ago. We have been asked to give a deposition and various times for these depositions are being discussed with the SEC. I anticipate that I will be deposed in Los Angeles during the first week of January. I have reached an agreement with Leslie as to the items I will produce in response to the subpoena. Leslie Hakala agrees that communications between me and any shareholders that I represent are privileged and I am not under an obligation to produce any materials of this nature. I would characterize the inquiry as primarily an investigation into dealings in the Entourage distribution and the CMKM Task Force. Since I have had no direct dealings with Entourage, my information will not be terribly helpful to the SEC in this regard. The negotiations surrounding this production of documents by me to the SEC has been amicable. As I told Leslie, if there is any info I have that will help the SEC go after the bad guys, I am more than happy to cooperate. Investigations by the SEC are private matters until a formal proceeding is instituted. In the spirit of openness and transparency I am informing you of this subpoena and I do not plan on releasing any further information regarding this deposition.
I still anticipate a press release from Don Stoecklein confirming the extension date and giving you some information on how the task force plans to get additional notice out to the shareholders. This release is expected in the next week or so.
As for the latest on Entourage, I would refer you to the posts by CDLIC for the latest on the Entourage story. CDLIC has talked with Entourage management. I have not been communicating with Entourage management.
I get reports from shareholders hourly about the problems they are having in their efforts to obtain their certs. We are keeping good records on the broker responses and the notes from shareholders about their problems. Please continue informing this office of your problems in obtaining your certs. Our data collection system is now functioning efficiently and we look forward to finishing the task once the certs start coming from the brokerage houses. We have documented over 100 billion shares on a relatively small number of certs.
I am receiving quite a large number of emails and phone calls wanting to know when you will be receiving “the settlement”. This is Christmas time and I do not like to put any damper on anyone’s dreams during this holiday period, but I have no information that there is a settlement of any kind in the works. I really believe that I would be told of any settlement offers by any third parties. It is okay to hope there are settlement discussions going on behind corporate doors, but I am not aware of any. I am not on the inside with corporate management other than as a task force member attempting to identify all CMKX shareholders. It will thrill me to no end to be able to report to you that there is progress on the settlement front if I ever learn of such. I get questioned by people on a daily basis who are convinced that I am knowledgeable of huge monies in some trust fund and there is a suggestion that I am choosing to keep this information from you for some reason. I wish I had such knowledge, but I do not.
This time of the year is particularly troubling for me. We receive a lot of information about the shareholders’ personal lives as it relates to the hopes they have for a return on this stock. There are widows, health stricken elderly people, terminally ill shareholders, and many people in dire financial straits who have pinned all their hopes on this stock. All of us here at my law office and The Owners Group have you in our prayers especially at this time of year.
Onward,
Bill
