I handpicked a few questions, Bud did a great job on his answers, so I just selected a few to comment on:
11) How about a petition signed by 40000 shareholders of one company to all the basteges responsible for INACTION? Would it do any good?
MARK: I agree with Bud that a major newspaper ad would be great, but would add that it would be hard for the SEC, Congress, and the state of Nevada to ignore as well. And the internet has been our best weapon so far…continue to use it.
14) Should we go after the dtcc? Would we get anywhere?
MARK: I would say that the best approach would be to throw a net over EVERYONE, and let them fight amongst themselves to see who gets thrown under the bus. In the end, they’ll all go down. It’s already happening with the hedge funds suing the brokers.
15) This one to both Bud and Mark.
Bud previously indicated that he heard CMKX OS was about 103 billion.
According to infomine CMKM is the operator of a diamond exploration project in the Falc, and is earning working and net revenue interests in additional diamond exploration prospects in the Falc and proven uranium prospects in northern Saskatchewan, and there are more. These interests I reference are connected with Star Uranium and United Carina and public knowledge.
If OS is 103 billion shares, and if CMKM has value based on proven minable assets, and NSS is 500 billion...is it possible given the cert pull scenario that CMKM forced a settlement for NSS?
MARK: I agree with Bud on this one….too many “ifs” to make any answer valid. I wouldn’t sit around waiting on it without forcing the issue however.
16) I assume the President of the United States is fully aware of the specifics of counterfeit shares, cellar boxing, etc, etc, etc., which is literal theft of intelligence in some instances and conspiring to steal investment dollars from citizens of the US. I say this because the president abruptly stopped plumbing his social security reform plan, and I wrote him a letter a year ago and told him all about it ..lol. Senators, Congressmen, and other leaders that we trust know more about these issues than me, yet
it continues.
Is the United States, including the president, senate and congress governed and operated by a Mafia or worlds richest people?
To simplify my question I ask, "What the hell is going on?"
MARK: The President IS aware, it’s the entire political system that’s corrupt, in my opinion. Unfortunately, money almost always trumps morals in politics.
18) If you already have received your shares in cert form, can you file something on behalf of the shareholders who have not, or in a way that demonstrates we are suffering from their lack of delivery of shares? (such as the delay of delivery of ETGMF or "other assets")
MARK: If the shares aren’t delivered, and there is a real chance of stock counterfeiting, then EVERY shareholder has been defrauded, whether you have your cert or not. No mercy.
19) Is it not the company's responsibility to lead and organize the shareholders and co-ordinate any of the efforts or campaigns you have suggested ? Please just give me the straight facts and point me in the right direction.
MARK: I think the company has its hands full as it is. Personally, I prefer proactive as opposed to passive. You have rights….and they’ve been violated. Now what are you going to do about it?
20) A Petition sounds great,but why limit it to only shareholders?
MARK: Agreed. Also, if every signer of the CMKX petition (and I think you need a separate one to make your case for that situation) went to
www.investigatethesec.com/ and signed that petition as well, which has over 8,400 signatures already, you could up the total.
22) A question for Mr. Burrell...
From my understanding of this whole NSS/Share Counterfeiting scandal in the markets, the MAIN reason why the Naked Shorters/Share Counterfeiters get away with their crimes, is that they get paid automatically when the shares are sold, but NOT delivered!
Why is this so? And who set up this system?
Wouldn't a simple requirement that shares have to be DELIVERED before any payment is made, eliminate any NSS/Share Counterfeiting?
MARK: Why would they want to eliminate the very thing that lines the pockets of the hedge funds, the billionaires, and the brokers, who in turn line the pockets of the politicians and control the media. It’s all part of the Circle of Greed.
23) Mr. Faulk,
What inspired you to write a book about this company?
MARK: Good question. I had been following CMKX from afar for quite some time, and received tons of emails from shareholders urging me to write about it. I didn’t think that it was the proper vehicle for me to address stock market fraud, especially naked short selling, because of the “issues” surrounding the company. Then, in all honesty, I had several individuals who kept bugging me, and making me listen to the whole d**n story, until I finally decided that 1) it really represents EVERYTHING that if wrong with the system, and 2) it’s simply a great story.
24) Mr. Faulk,
Have you ever met Robert Maheu?
MARK: I have not. Everything I know about him is secondhand, meaning I’ve interviewed lots of people who have spent a lot of time with him.
25) Could any rule/regulation/law prevent the company from communicating with the shareholders?
MARK: There might a problem in some cases with Frizzell representing shareholders and releasing information that could be privileged, but that’s just me speculating.
26) Hedge funds have lobbyists in Washington D.C. Do supporters of market reform have lobbyists also?
MARK: Supporters of market reform are NOT that organized, and we have no money. The accumulated income of the people I’ve met who are involved with this (excluding Patrick Byrne) wouldn’t cover a typical hedge fund’s lunch hour drink tab.
29) Urban Casavant is said to be paying for the costs associated with the cert pull. If he had something to fear legally, do you believe he would be doing this?
Here’s Bud’s answer:
ANS: He is doing it for one of several possible reasons: To mitigate his liability, out of genuine generosity, or out of fear for his safety. The first rule is “Who Benefits?”
MARK: I’ll simply add that it could also be “all of the above.”
34) Mr. Faulk,
Your book was due to be released in the month of June. However, it is now scheduled to be released in late July-early August. Does this delay have anything to do with a certain conclusion or ending you feel this extra time may produce?
MARK: Haven’t I answered this before?
It’s because I want to see how things play out for a few weeks, but I’m mainly talking about the naked short situation. I have no knowledge of a “certain conclusion.” Also, frankly, this project is just bigger than I imagined, so I’m still writing.
38) If this certificate pull is being employed for the sole purpose of distribution of the Entourage dividend, it would hardly seem worth all the time, efforts, and expenses incurred. It would also be a major disappointment to shareholders who have held on for a long period of time, without any information from the company. Why would Urban Casavant and Robert Maheu take steps to unite shareholders if this distribution will conclude negatively? Would this not be the same as mounting an army to fight against you?
MARK: I think that whether or not the Entourage distribution is the primary reason, that proving liability on the part of the brokers would make it worth every cent.
40) Have either of you met, or spoke with, USXP CEO Richard A. Altomare?
MARK: Never met him, I believe I might have spoken with him long ago about the issue of naked shorting on the phone once.
42) What is it going to take for main street investors to "wake up" and take action against this electronic stock counterfeiting crime?
Bud’s answer: I can only speculate at a truly terrifying answer, a financial system meltdown.
MARK: (Slightly more optimistic) People have to be directly affected before they will become actively involved. I’m hoping a couple of “close to home” disasters, like the REFCO debacle, or maybe some little diamond company proving that the brokers are corrupt, will open some eyes. We are gaining more allies every day.
43) Why is it that main street investors remain quiet and allow the crime to continue? Is this the result of some kind of "dumbing down" of our citizens in general?
MARK: I think it’s a feeling of being powerless. That’s our job, to show people that we CAN change the system….and that in fact, we have no choice. WE MUST FIX IT BEFORE IT’S TOO LATE. We have to empower them from the ground up.