Post by mjmilam on Nov 21, 2005 9:36:27 GMT -4
The possibility of a settlement?
« Thread Started on Yesterday at 11:26pm »
Many have kicked the question around about a settlement that is supposed to be hanging in the wings for all shareholders! Each proposed settlement is verified by stating certain specifics to identify the settlement amount yet unfortunately none of the scenarios agree.
I am in favor of a cash settlement complementing the Entourage dividend and the distribution of the other intangible and tangible assets of CMKM Diamonds. I am looking very hard for evidence of such an event taking place, including speaking with brokers, TA’s, market makers, and other financial and marketing professional’s yet still no evidence to confirm.
I have heard the testimony of at least one faithful CMKXer that has been around a while that I definitely respect, specifically DeliDog, that something is in the works. Although it still is only a rumor, I respect the source (DeliDog) enough to hold that his account of the incident he participated in is accurate to the best of his knowledge. With that being said, the account that DeliDog supplied is very encouraging and would lend credence to the “possibility” of their being a settlement, it can not be accepted as fact that a settlement has taken place, only that DeliDog had experienced what he testified to. We cannot vouch for the accuracy of the broker’s statement that DeliDog spoke with, nor the information the broker may have been communicating to DeliDog. This does not discredit DeliDog in the least, nor his statement, as I believe they are accurate, only that we still have no tangible evidence/proof that such a settlement has taken place, nor what the conditions or particulars of it are.
I am sure there are others out there that have had experiences of the similitude as DeliDog, but I am not personally aware of many nor can I testify that I would accept their testimony as being, let’s say, sincere. Of course the more occurrences you have of the similitude of DeliDogs then the more credibility we tend to give to the possibility of such a settlement and we can thus wrongly decide it is therefore a probability. Each occurrence needs to stand on its own merit. If we were getting exact duplicated data from individuals interacting with their respective brokers then the decision to make it a probability would climb. Exact amounts, exact dates, exact sources identifying the parties of the settlement and the such.
When we are valuating these shareholders reports, we tend to throw out the details that clash as possibly being erroneous, but we decide to embrace the premise that regardless of the incorrect data the idea of a settlement taking place is a continuum. IMHO, this would be a mistake as I believe the accuracy of any part of a statement depends on the accuracy of the whole.
The circumstantial evidence that can’t be verified yet is being gathered gives great hopes that a settlement is a done deal, but it is in no way acceptable as proof that a settlement has taken place. IMHO!
Is it a “possibility” that a settlement has been reached? YES
Is it a “probability” that a settlement has been reached? NO
It isn’t a probability for the basic reason that there is still absolutely no verifiable evidence or facts that a settlement has taken place.
IMHO - To assume something has happened of this nature when there is no verifiable evidence to back it up is simply setting your self up to be deceived or disappointed.
On the other hand, to be absolutely clear, IMHO, “it is inevitable” that somewhere down the line a settlement is going to have to be reached to resolve the NSS position. I see no other way for it to be resolved unless they want a riot on their hands.
So IMHO, somewhere, sometime, someone is going to have to settle the issues with a cash payment of the NSS either with the company or with the individual shareholders.
Is it “possible” that the settlement has taken place already? Yes, it is “possible”, but not “probable.” Why? 1st of all because there simply isn’t any verifiable evidence that one has taken place, especially when Frizzell, who is on the Task Force for the company doesn’t know of any settlement taking place. In all fairness, is it possible that Frizzell may not be privy to specific information that Urban, Mr. Maheu, and Stoecklein may have concerning a possible settlement having already taken place? Absolutely, YES! Especially since he testified that the deal had already been prepared before he arrived at the meeting in Vegas and he specifically outlined his duties with the Task Force as being that of identifying the bona fide shareholders and distributing the Entourage shares. But once again there simply is no verifiable evidence that such settlement information exists with Mr. Maheu, Urban and Stoecklein. If we add to that the probability that the NSS positions have to be clearly identified and that is apparently not yet completed plus the responsible parties will then have to cough up the cash to settle their respective portion of the NSS position and we simply don't know who the NSS are yet.
Is it possible that the DTC is willing to settle or has settled with a blanket amount and will simply float loans or bill back the respective broker/dealer/market maker that is naked short? Yes!
Is it probable? IMHO, No! Why?
Because a settlement of the shares should resolve the NSS position and cause all illegitimate/counterfeit naked short shares to be included as part of the legitimate O/S. Once they are paid for they are legitimate shares, IMHO.
I see no way a settlement is going to be reached, signed, paid for in cold cash and then the company still segregate the certificate shares from the NSS shares. Why would they still do that? It would make no sense as there would no longer be any NSS position nor any reason to have a certificate pull for the distribution of the Entourage shares as every shareholder would be entitled to an equal portion based on the newly arrived at pro rata distribution post settlement.
In other words, the certificate pull would be useless if the settlement had been reached and all NSS’s were now included as legitimate. Why? Because without an announced record date being in place, every single newly entered former NSS shareholder would be entitled to an equal distribution of the 50 million shares and the pro rata distribution would be diluted by the amount of new shares permitted and the certificate pull for the distribution would be futile as all electronic and certificate shareholders alike would get a distribution.
Once again there simply are no verifiable facts to support a settlement and IMHO the facts we can verify are pointing otherwise.
Could there have been a settlement that entitled all shareholders (NSS and Certificate holders) to receive cash and yet the company only is obligated to cover with the asset distribution the bona fide shareholders of the set O/S and the market is going to cover the rest? Yes! It is possible, but then again it is not probable.
There are numerous scenarios that we could lend credence too, yet have no verifiable evidence that such an event has taken place, so we are back to where we have been for some time.
Waiting for news from the deal making section of the Task Force, namely Mr. Maheu, Mr. Casavant, or Don Stoecklein is where we are as they made the arrangements before Mr. Frizzell was included in the meetings. I mean no disrespect to Mr. Frizzell as I fully respect him and the efforts he has put forth for all of us and I believe he has done an excellent job for the shareholders, and without his intervention we may have been side tracked along time ago. . Mr. Frizzell has openly voiced that he has no knowledge of any assets or settlement other than the Entourage shares that are to be distributed and if that is the opinion of the entire Task Force, then it would be nice to know. Maybe Mr. Frizzell will be able to provide us with that information.
Since I have been asked often I would like to add that I fully supported the OG through Phase one and was moving to support in Phase two, but I became uncomfortable with information that was being released to and through individual investors relating to the OG and I chose to refrain
I believe a verbal or written statement from the Task Force as a whole, declaring the tangible and intangible assets to be distributed should be relatively harmless, as the majority of the claims have been transferred to Entourage and our JV partnership as well. We are not trading in the market place, our registration is revoked and I would hope the shareholders have qualified to be permitted to receive such information.
IMHO, the inability of the company to speak plainly about the tangible and intangible assets still leaves a cloud of confusion as to whether it is still strategic to keep it undisclosed for the benefit of all shareholders or it is all gone and we would be hard to handle and may not cooperate.
If my recollection is correct, there should be 20 billion CIM in the company’s coffers; 200 billion SGGM shares; Approx 127 million GEMM shares owed to the shareholders of record from October of last year; a 10% lifetime royalty to CIM revenues; a stake in United Carina; 50 million Entourage shares; and possibly more… One would have to research the ties with Crystallix and CMKXtreme to see if it was Urban funded or CMKX funded.
I do not know of any UCAD/USCA shares that are supposed to be in the company’s control, as I believe it was calculated that they distributed all of the USCA shares to the shareholders of record. If not, then the other share dividends would need to be revised. IMHO
Entourage is evidently not sure what is taking place either with the exception that they know they are not merging with CMKM Diamonds and that they are not guaranteeing that CMKM Diamonds is going to distribute the Entourage shares to the shareholders of CMKX at all. They must have exploded when they transferred the CMKX website and info requests to Entourage. I would say Mr. Craig Doctor has been a very busy bee.
Also there are talks of mergers stating the possibility that USCA will merge with Entourage; and that CMKX is merging with SGGM (St George Metals) and AZTM (Aztech Mining) and the rumors go on. All of these are possibilities but yet no verifiable evidence to support any claims these events have taken place so IMHO they are not probabilities, yet!
I hope I didn’t confuse the issues.
These are just my opinions and I ask that you treat them as such.
Success is in hand! Always, JMHO!
Dr.D
millionaires.proboards80.com/index.cgi?board=main&action=display&thread=1132549969
« Thread Started on Yesterday at 11:26pm »
Many have kicked the question around about a settlement that is supposed to be hanging in the wings for all shareholders! Each proposed settlement is verified by stating certain specifics to identify the settlement amount yet unfortunately none of the scenarios agree.
I am in favor of a cash settlement complementing the Entourage dividend and the distribution of the other intangible and tangible assets of CMKM Diamonds. I am looking very hard for evidence of such an event taking place, including speaking with brokers, TA’s, market makers, and other financial and marketing professional’s yet still no evidence to confirm.
I have heard the testimony of at least one faithful CMKXer that has been around a while that I definitely respect, specifically DeliDog, that something is in the works. Although it still is only a rumor, I respect the source (DeliDog) enough to hold that his account of the incident he participated in is accurate to the best of his knowledge. With that being said, the account that DeliDog supplied is very encouraging and would lend credence to the “possibility” of their being a settlement, it can not be accepted as fact that a settlement has taken place, only that DeliDog had experienced what he testified to. We cannot vouch for the accuracy of the broker’s statement that DeliDog spoke with, nor the information the broker may have been communicating to DeliDog. This does not discredit DeliDog in the least, nor his statement, as I believe they are accurate, only that we still have no tangible evidence/proof that such a settlement has taken place, nor what the conditions or particulars of it are.
I am sure there are others out there that have had experiences of the similitude as DeliDog, but I am not personally aware of many nor can I testify that I would accept their testimony as being, let’s say, sincere. Of course the more occurrences you have of the similitude of DeliDogs then the more credibility we tend to give to the possibility of such a settlement and we can thus wrongly decide it is therefore a probability. Each occurrence needs to stand on its own merit. If we were getting exact duplicated data from individuals interacting with their respective brokers then the decision to make it a probability would climb. Exact amounts, exact dates, exact sources identifying the parties of the settlement and the such.
When we are valuating these shareholders reports, we tend to throw out the details that clash as possibly being erroneous, but we decide to embrace the premise that regardless of the incorrect data the idea of a settlement taking place is a continuum. IMHO, this would be a mistake as I believe the accuracy of any part of a statement depends on the accuracy of the whole.
The circumstantial evidence that can’t be verified yet is being gathered gives great hopes that a settlement is a done deal, but it is in no way acceptable as proof that a settlement has taken place. IMHO!
Is it a “possibility” that a settlement has been reached? YES
Is it a “probability” that a settlement has been reached? NO
It isn’t a probability for the basic reason that there is still absolutely no verifiable evidence or facts that a settlement has taken place.
IMHO - To assume something has happened of this nature when there is no verifiable evidence to back it up is simply setting your self up to be deceived or disappointed.
On the other hand, to be absolutely clear, IMHO, “it is inevitable” that somewhere down the line a settlement is going to have to be reached to resolve the NSS position. I see no other way for it to be resolved unless they want a riot on their hands.
So IMHO, somewhere, sometime, someone is going to have to settle the issues with a cash payment of the NSS either with the company or with the individual shareholders.
Is it “possible” that the settlement has taken place already? Yes, it is “possible”, but not “probable.” Why? 1st of all because there simply isn’t any verifiable evidence that one has taken place, especially when Frizzell, who is on the Task Force for the company doesn’t know of any settlement taking place. In all fairness, is it possible that Frizzell may not be privy to specific information that Urban, Mr. Maheu, and Stoecklein may have concerning a possible settlement having already taken place? Absolutely, YES! Especially since he testified that the deal had already been prepared before he arrived at the meeting in Vegas and he specifically outlined his duties with the Task Force as being that of identifying the bona fide shareholders and distributing the Entourage shares. But once again there simply is no verifiable evidence that such settlement information exists with Mr. Maheu, Urban and Stoecklein. If we add to that the probability that the NSS positions have to be clearly identified and that is apparently not yet completed plus the responsible parties will then have to cough up the cash to settle their respective portion of the NSS position and we simply don't know who the NSS are yet.
Is it possible that the DTC is willing to settle or has settled with a blanket amount and will simply float loans or bill back the respective broker/dealer/market maker that is naked short? Yes!
Is it probable? IMHO, No! Why?
Because a settlement of the shares should resolve the NSS position and cause all illegitimate/counterfeit naked short shares to be included as part of the legitimate O/S. Once they are paid for they are legitimate shares, IMHO.
I see no way a settlement is going to be reached, signed, paid for in cold cash and then the company still segregate the certificate shares from the NSS shares. Why would they still do that? It would make no sense as there would no longer be any NSS position nor any reason to have a certificate pull for the distribution of the Entourage shares as every shareholder would be entitled to an equal portion based on the newly arrived at pro rata distribution post settlement.
In other words, the certificate pull would be useless if the settlement had been reached and all NSS’s were now included as legitimate. Why? Because without an announced record date being in place, every single newly entered former NSS shareholder would be entitled to an equal distribution of the 50 million shares and the pro rata distribution would be diluted by the amount of new shares permitted and the certificate pull for the distribution would be futile as all electronic and certificate shareholders alike would get a distribution.
Once again there simply are no verifiable facts to support a settlement and IMHO the facts we can verify are pointing otherwise.
Could there have been a settlement that entitled all shareholders (NSS and Certificate holders) to receive cash and yet the company only is obligated to cover with the asset distribution the bona fide shareholders of the set O/S and the market is going to cover the rest? Yes! It is possible, but then again it is not probable.
There are numerous scenarios that we could lend credence too, yet have no verifiable evidence that such an event has taken place, so we are back to where we have been for some time.
Waiting for news from the deal making section of the Task Force, namely Mr. Maheu, Mr. Casavant, or Don Stoecklein is where we are as they made the arrangements before Mr. Frizzell was included in the meetings. I mean no disrespect to Mr. Frizzell as I fully respect him and the efforts he has put forth for all of us and I believe he has done an excellent job for the shareholders, and without his intervention we may have been side tracked along time ago. . Mr. Frizzell has openly voiced that he has no knowledge of any assets or settlement other than the Entourage shares that are to be distributed and if that is the opinion of the entire Task Force, then it would be nice to know. Maybe Mr. Frizzell will be able to provide us with that information.
Since I have been asked often I would like to add that I fully supported the OG through Phase one and was moving to support in Phase two, but I became uncomfortable with information that was being released to and through individual investors relating to the OG and I chose to refrain
I believe a verbal or written statement from the Task Force as a whole, declaring the tangible and intangible assets to be distributed should be relatively harmless, as the majority of the claims have been transferred to Entourage and our JV partnership as well. We are not trading in the market place, our registration is revoked and I would hope the shareholders have qualified to be permitted to receive such information.
IMHO, the inability of the company to speak plainly about the tangible and intangible assets still leaves a cloud of confusion as to whether it is still strategic to keep it undisclosed for the benefit of all shareholders or it is all gone and we would be hard to handle and may not cooperate.
If my recollection is correct, there should be 20 billion CIM in the company’s coffers; 200 billion SGGM shares; Approx 127 million GEMM shares owed to the shareholders of record from October of last year; a 10% lifetime royalty to CIM revenues; a stake in United Carina; 50 million Entourage shares; and possibly more… One would have to research the ties with Crystallix and CMKXtreme to see if it was Urban funded or CMKX funded.
I do not know of any UCAD/USCA shares that are supposed to be in the company’s control, as I believe it was calculated that they distributed all of the USCA shares to the shareholders of record. If not, then the other share dividends would need to be revised. IMHO
Entourage is evidently not sure what is taking place either with the exception that they know they are not merging with CMKM Diamonds and that they are not guaranteeing that CMKM Diamonds is going to distribute the Entourage shares to the shareholders of CMKX at all. They must have exploded when they transferred the CMKX website and info requests to Entourage. I would say Mr. Craig Doctor has been a very busy bee.
Also there are talks of mergers stating the possibility that USCA will merge with Entourage; and that CMKX is merging with SGGM (St George Metals) and AZTM (Aztech Mining) and the rumors go on. All of these are possibilities but yet no verifiable evidence to support any claims these events have taken place so IMHO they are not probabilities, yet!
I hope I didn’t confuse the issues.
These are just my opinions and I ask that you treat them as such.
Success is in hand! Always, JMHO!
Dr.D
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