Here is her post.
Note: We had a hard time reading it through tears due to our uncontrolable laughter.
wwjdthrume
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Joined: May 2007
Posts: 27
Re: Confused
« Reply #2 on Today at 6:39am »
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Confusion on this scale is an art.
If Urban was a con artist who absconded with our money, we would not be confused. This could easily be communicated with full disclosure and we could grasp that simple concept.
Instead we have endless accusations against Urban, endless court cases that never resolve much, infrequent company communications that shed little light on anything, an SEC who appears to be making progress, but who still has not been there for the small investor.
Here is what I'm clear on:
CMKX had 1.9 million acres of claims and a tightly held share structure from the very beginning. 85% of the shares were held by insiders within the 14C owners group. Urban owned approximately 6.8% of the shares and there were a few other CMKI shareholders who owned shares. Urban's shares were locked up for three years. The 14C group's shares were restricted. They also had an antidilutive (and not disclosed up front) clause that kept their ownership percentage the same regardless of how many shares were added to the authorized. Altogether only about 5% of the company stock was available for sale to the retail investor. Obviously more than that was sold.
We know that the brokers, market makers, some banks, hedge funds, and individual investors sold CMKX shares that were either short (and against their restricted stock), or non-existent (air shares aka counterfeit aka naked short). The number of shares zoomed into the trillions and if the value of the claims approached what could be minimally expected in that area the stage was set for a market meltdown of Great Depression magnitude.
We've seen the SEC cover up the crimes of the guilty time after time with the grandfather clause, duplicity, staged trials, and double speak. We've also seen a revolving door of exits from the SEC of highly placed officers, and multiple queries by Congress about their antics.
We saw the top position at the Federal Reserve be replaced. The DTCC has changed it's position on naked shorting (as has the SEC).
We had IBM and Roger Glenn involved in helping our company. We had a cert pull. We've heard little about the results.
Obviously a lot of time has passed giving the various parties involved time to take care of their responsibilities wiithout upsetting the general market.
IF our resources are valuable then we can expect that they will be mined and we will have to be paid for their use. We need to be compensated for our pain and suffering - being kept in the dark about our investment and not having access to it's value for the last three years.
I fully expect a settlement at some point. Going forward even without a settlement, I would expect a merger or buyout, dividends and some communication.
My opinion is that far more occurred than has ever been revealed or will be revealed to the public. Hopefully we will have enough transparency to disclose whether or not the 14C group managed to abscond with the bulk of the company's value leaving the 85% retail investors with a return from 5% of the company's assets. I suspect that much of what has taken so long is an attempt by that group to hold onto the stock they shorted against and the value that it holds. There are multiple possibilities within that scenario and too little time to discuss it fully.
Bottom line from my perspective is:
Payday is getting closer every second.
IMO and just IMO - Debi
LinkWell Debi Kiontke (WWJDthrume) the thread title "Confused" sure does fits your post.
What we want to know Debi is when are you finally going to back up your posts with some solid fact ? ?
