UPDATE ... MESSAGE FROM BOB HOLLENEGG ... Oct 1, 2013 16:08:20 GMT -4
Post by mullahpaloozer on Oct 1, 2013 16:08:20 GMT -4
The confirmation of the CMKX Trust Funds should be a straight forward process. I am only asking for a signed statement, "There is a substantial Trust Fund for CMKX at Wells Fargo". The rest of the information can be obtained by a subpoena, if required.
There are those who are complicating the process by putting out false information. I, as most of the shareholders, want the funds released as quickly as possible. The process has been time intensive and requires focus and not the distraction. I am providing the details of the confirmation process as to what transpired. I hope with this clarification that an understanding of what is required to bring this to a successful closure.
Chain of events for confirmation of funds...The Facts
CEO Kirkpatrick asked for proof of the Trust Funds for CMKX Shareholders. CEO Kirkpatrick has made it known many times that his stance about the Trust Funds, "There are no funds for the CMKX Shareholders." CEO Kirkpatrick also stated " That if anyone shows him proof of the funds existence that he will do what ever he can, using the company assets, and his position as CEO, to distribute the funds to CMKX shareholders.
"I was a plaintiff, and have provided what I know to the shareholders about the Trust Funds. Since my last update of the fund release on July 9, 2013, which I shared with the Shareholders, I have not received any updates from Attorney Hodges because he can't talk until the funds are released.
I am not the type to sit around and accept everything as is. This delay compounded with the end of the Biven's Lawsuit, brought up an ongoing, valid concern amongst the shareholders, "where is the proof of the Trust Funds".
I opened a thread on proboards for confirmation process of funds titled "DD'er I need your help". This verification process is for sharing information of what we know, whether the knowledge gained was from research or from communicating with others. The confirmation thread objective is to provide and annotate every step of the way of the discussions and evaluations of the information acquired. The information is provided for all the shareholders to read, comment, and have a record.
I went on a government site GAO.gov and did a search on various key words. When I did a search, on $3.87 Trillion Dollars , a page came up with the IRS and Treasury Department concerns about payment of taxes on trust funds and derivatives. I recalled a message to the shareholders in early 2010 that the taxes for the $3.87 Trillion Dollar Trust Funds were a concern with the IRS and were paid for the tax year 2009.
I then put in CMKX and a link came up with several links to fines and penalties. I informed the shareholders as part of this confirmation process and asked for assistance in going through the numerous links.
I was contacted by a Shareholder, who doesn't have an account on the message boards but heard from a fellow shareholder via email about the confirmation process. The shareholder and I have communicated a few times in the past via email. The shareholder provided his Full name, address, mobile phone number, land-line telephone number. I telephoned the shareholder and spoke with him at length. The shareholder explained his friend is a bank manager at Wells Fargo. The shareholder mentioned that he owned a penny stock and was waiting for a payout. The WF bank manager called a few days later and asked him if the stock he owns CMKX? The WF bank manager told him that there is a Trust account for CMKX over a Trillion Dollars at Wells Fargo and was active, to be distributed July 2013.
I received permission from the shareholder to provide his name to Attorney Hodges and then to CEO Kirkpatrick. I informed the shareholders of what was going in the "DD'ers, I need your help" thread with the following statement...
"Thank you all for your inputs. Through this research and confirmation process, one of the trusts, more than a Trillion Dollars, is located with Wells Fargo and is scheduled for distribution according to Wells Fargo bank official. The July 9th release was put on hold by the government. More information will be provided after legal consultation.
CEO Kirkpatrick contacted me and asked for the information. I informed CEO Kirkpatrick that I was waiting on legal advice from Attorney Hodges before I go any further in case there are non disclosure agreements. I wanted to ensure that the shareholders are kept informed, to ensure the confirmation process was accomplished in a legal manner, and to ensure those involved are not discouraged by threats and harassment.
The shareholder went to the bank again and spoke to the bank manager and the bank manager's supervisor. I received this message...
"I saw my contact at the bank(Wells Fargo), he said the guy who knows about CMKX was in this morning, he said he heard CMKX could get paid this week, he did not specify if it was F&P's, trust or both"
I also received this message from Attorney Hodges...
"Hi Bob - Actually I've talked to Mr xxxxxx several times. My understanding is that his friend has no additional information - he basically just had a chance opportunity to observe one of his big bosses stumble over a computer screen which indeed showed a CMKM trust account which exceeded one trillion USD. I did also receive a message from him this AM that he had met with his banker this morning, who told him that the big boss had advised the branch banker that there was a notice out which indicated the CMKM trust account was to become active this week(!). We shall see. In the event you wish to speak to the actual branch manager guy, I certainly have no objection. Best, Al"
I immediately contacted CEO Kirkpatrick and provided the information. CEO Kirkpatrick spoke to the shareholder. CEO Kirkpatrick said that he believes the shareholder but does not believe the WF bank officials. CEO Kirkpatrick asked if I could help set up a conference call for the next day. The next morning, a message from CEO Kirkpatrick was on the message boards stating ....
"Bob gave me the name of the shareholder who told him about the “trust”. This shareholder has a buddy that works at Wells Fargo. His buddy told him that he had seen something on a screen showing a $1.2T trust marked CMKX. The shareholder has never seen the info – its hearsay from a friend that he knows and does not believe would lie to him. Bob has not seen any evidence firsthand.
The shareholder asked Bob not to discuss it or post anything about it. He is shocked that Bob has run wild with this and it has gone viral. The bank employee never said anything about payment – just that he had seen something on the bank’s computer. The shareholder would not provide the name of the bank employee – I gave him my number and asked him to ask the bank employee to call me. He said he would, but doubted that I would get a call.
I plan to e-mail Bob about this when I have time. This fiasco has cost me several hours/day for three or four days now. I need to be working on funding – not more “payment soon” rumors"
CEO Kirkpatrick said he did this because the company was in a lawsuit with Wells Fargo, they are using me so that shareholders would call, and the case could be lost because of my actions. CEO Kirkpatrick stated that no way does Wells Fargo have that much money. I provided CEO Kirkpatrick the Wells Fargo financial report where it list a Client account assets 1.2 Trillion Dollars.
CEO Kirkpatrick has a company to run. I appreciate the fact that his time is needed getting the company profitable. I am quite willing to provide confirmation of the Trust Funds. I have provided all the information I have to four shareholders to continue with the process
in case I can't continue.
I also received several requests from shareholders to stop temporarily the confirmation process. The shareholders are concerned that continuing the confirmation process with the recent knowledge of a distribution could cause give another reason to stop the distribution. The main goal is to release the funds to the shareholders as quickly as possible.
The Shareholder did speak to the Bank manager today. We are still working on providing a written confirmation.
PRIDE84 ... STILL