| From: StockDung | 3/2/2007 11:10:28 AM | | | | | | TogiEntertainment, Inc., announces purchase of Christian Financial Radio Network (CFRN)
by Mark Faulk
TogiEntertainment, Inc., is extremely pleased to announced that we have acquired CFRN.net. Our long-term plan is to use the network, and its well established audience, as a foundation to build a broad-based radio internet network, tentatively called TogiNetwork.
Rated the number one network on StreetIQ.com after beating out 25,000 other financial shows, CFRN will remain a cornerstone of TOGI Internet Radio, expand its programming and become a subsidiary of TogiEntertainment. CFRN founder and owner DeWayne Reeves will join the TogiEntertainment family.
?After much prayer and soul searching, I am completely confident in passing the baton to TogiEntertainment. I look forward to working with the Togi team and I'm excited about what the future holds for all of us, ?said Mr. Reeves.
Togi Internet Radio plans to fill in the gap between programming offered by mainstream media and what people really want to hear ? in politics, writing, lifestyles, science, social issues, and the arts. We will serve niche markets currently overlooked, neglected, or rejected by traditional media. With a motto of ?Politics, Lifestyle, and Entertainment for Heart, Mind, and Soul,? our content will offer value beyond much of the pointless entertainment in the marketplace today. We have already begun to lay the groundwork for our projected venture into this exciting field, and expect to launch our first shows in the very near future, with a full slate of programming implemented by Summer, 2007.
From CEO Mark Faulk, ?TogiEntertainment is excited to have the chance to bring quality internet radio to the masses. Our programming will not be controlled by the forces that currently influence America?s media, giving us the opportunity to provide politics, entertainment, and information beyond the narrow parameters of the Mainstream Media.?
Mark Faulk, DeWayne Reeves, and John Martin, CEO of The Owners Group, Inc., will discuss the future of Togi Internet Radio on Friday, March 9th, airing at 11:30 a.m. EST on www.cfrn.net, immediately following ?The Faulking Truth? from 10 to 11:30 a.m. EST
Both shows will be available for download afterwards at podcast.streetiq.com
TogiEntertainment, Inc, is a subsidiary of The Owners Group, Inc.
Visit our website at www.togientertainment.com
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| From: StockDung | 3/30/2007 12:32:08 PM | | | | | | CMKM Diamonds, Inc. Hires Frizzell Law Firm to Start the Process of Recovering Assets
March 30, 2007 10:35 AM Eastern Daylight Time
CMKM Diamonds, Inc. Hires Frizzell Law Firm to Start the Process of Recovering Assets
LAS VEGAS--(BUSINESS WIRE)--CMKM Diamonds, Inc. is in receipt of the Shareholder Derivative Rights Demand letter that was prepared on behalf of the shareholders by Bill Frizzell. We are currently investigating many facts that will help us decide the best order of filing lawsuits in a quest to recover monies and assets that belong to the shareholders of this Company.
The first order of new business was to hire the Frizzell Law Firm. The investigations conducted by the firm have uncovered many facts which have revealed the reasons for the issues that the Company now faces. The Company expects the first suit to be filed against two individuals. This suit is only the first of many suits that are being prepared. The details of these suits will be made available once they are filed.
“It is my understanding that these first two lawsuits will be filed in Las Vegas before the end of the day.” Mr. West continued, “I have known and worked with Bill Frizzell and know, beyond a shadow of doubt, that his full intent has always been to work on behalf of the best interests of the CMKM shareholders. I am excited and honored to have his help.”
The Frizzell Law firm has hired Las Vegas attorney George Cromer as local counsel to file these first two lawsuits on behalf of the Company. Los Angeles attorney, Al Hodges, will be assisting the legal team as it proceeds.
Safe Harbor Statement:
This news release contains certain "forward-looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.
Contacts
CMKM Diamonds, Inc., Las Vegas
Kevin West, 702-946-9497 |
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| From: StockDung | 3/30/2007 7:48:28 PM | | | | | | Case 07-A-538649-B Status ACTIVE
Plaintiff CMKM Diamonds Inc Attorney Cromer, George E.
Defendant Desormeau, Dave Attorney ## Unknown ##
Judge Denton, Mark R.
courtgate.coca.co.clark.nv.us:8490/DistrictCourt/asp/Parties.asp |
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| From: StockDung | 4/21/2007 5:15:17 PM | | | | | | The High Cost of Kool Aid garyweiss.blogspot.com
Saturday, April 21, 2007
The High Cost of Kool Aid
The poster children of the naked shorting con men are dropping like flies. The latest is a pissant little delisted stock called CMKM Diamonds.
This "company," which has no assets to speak of, is the subject of grotesque speculation that somehow massive "naked short selling" has destroyed an otherwise delightful little diamond company, and that shareholders are owed immense damages "someday." Not by the people who ran the company -- management is always blameless in naked shorting mythology -- but by the dark forces that have driven down its shares.
It is a textbook example of how naked shorting con men have deluded desperate microcap stock shareholders. A few loud CMKM shareholders bought in to these wacko conspiracy theories and conducted demonstrations on Times Square and in lower Manhattan. They've authored Internet rants and SEC comment letters that read as if they were written by Cho Seung-Hui, news.aol.com and generally made asses of themselves.
The SEC seems to feel that the problem at CMKM is with management, not real or imaginary short-sellers. It halted trading in the company two years ago, and has launched an investigation of the company. The latter was disclosed by a Wells Notice that has come as a surprise to the company's new management, since apparently the old CEO just plumb forgot to tell 'em. I kid you not.
A press release yesterday biz.yahoo.com says that
As of March 29th 2007, the Company had 3 pending lawsuits, a Wells Notice from the SEC that was supposed to have been answered by March 9, 2007 (of which current management was totally unaware, until an official at the SEC contacted them on 4-10-07), and ongoing investigations by at least four government agencies. In addition there is documentation showing the forfeiture of all claims and mineral rights, no corporate records for the past 4 1/2 years of business and taxes that have never been filed. The only tangible asset is a 45 million share certificate of Entourage Mining stock.
Amazingly, some investors are still wasting time and energy expecting this dead dog to arise from its grave. To its credit, there is nothing in the latest missive from management that pushes the discredited "naked shorting" baloney. But the naked shorting con men are continuing to promote the idea that CMKM is a victim of nefarious forces, and not its former management.
The Baloney Brigade marches on.
© 2007 Gary Weiss. All rights reserved.
-----------
Wall Street Versus America was published by Penguin USA on April 6.
Click here for its Amazon.com listing and here for more information on the book, from my web site, gary-weiss.com.
Labels: CMKM Diamonds, naked short-selling
posted by Gary Weiss @ 2:02 PM Comment (0) | Trackback (0) links to this post |
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| From: StockDung | 4/21/2007 5:32:00 PM | | | | | | CMKM Diamonds CEO Addresses All Shareholders of Current Status
April 20th, 2007
cmkmdiamondsinc.com
Las Vegas, Nevada. “Dear fellow shareholders, I have information to share with you today that came to my attention just days ago. I received a delivery of several boxes of corporate records in the last couple weeks that have confirmed my very worst fears. In response to this new information, various legal actions will be a priority as we move to protect the best interests of shareholders. We were not able to finalize these necessary actions today as we had expected. We will put out another press release by mid next week to update you on this progress.
When I first accepted the position of Interim CEO, I made a promise to myself and my family and friends that if I found there was not a real plan in place for the benefit of all shareholders, then I would come forward with the information I found. Not only am I going to share this information with you, the shareholders, but will do everything in my power to make sure that these individuals and entities will never be able to harm others in this same way again.
The CEO continues, “When I started to work for CMKM in September of last year, I had high hopes and aspirations of making positive changes and forward progress in the evolution of this Company. Like so many of you, I believed that there was a plan in place that could not be revealed for one reason or another. However, after many months of failed promises, it was clear there was not a plan and no forward progress for our Company would ever happen until massive changes were implemented”.
“In early January of this year, I contacted Bill Frizzell for his help. Within less than a week, Bill flew out to Las Vegas on his own time and expense with one goal in mind, to
help me help the shareholders. Since that time, many changes have taken place up to and including the resignation of the former Chairman. Several days ago, the Company requested and has received several boxes of Company documents from an attorney that has held said records in safekeeping. These documents are very revealing and tell the story of what has taken place over the last several years. Had Bill Frizzell not acted quickly in response to my call, Our Company would have been forced into bankruptcy, essentially burying the evidence forever. As legal action proceeds, many of these documents will be made available for everyone to see on our Company website at www.CMKMdiamondsinc.com.”
Current Status of Company
As of March 29th 2007, the Company had 3 pending lawsuits, a Wells Notice from the SEC that was supposed to have been answered by March 9, 2007 (of which current management was totally unaware, until an official at the SEC contacted them on 4-10-07), and ongoing investigations by at least four government agencies. In addition there is documentation showing the forfeiture of all claims and mineral rights, no corporate records for the past 4 ½ years of business and taxes that have never been filed. The only tangible asset is a 45 million share certificate of Entourage Mining stock.
Current Actions
Since the Company has no available operating capital, Bill Frizzell has agreed to shoulder the current legal expenses. In order to handle the monstrous legal task at hand, Bill Frizzell has also agreed to interview, hire and direct a legal team that is now made up of several law firms from across the country. Because of the possibility of recoverable assets being brought back into the company, Bill is also hiring forensic specialists and professionals to file back tax returns, investigate past trading discrepancies, move the domicile of the company out of Nevada and audit the books, for the purpose of building a strong foundation to finally move our Company forward.
As mentioned previously, the Company is in receipt of a Wells Notice from the Security and Exchange Commission. The Company is currently in direct communication with the SEC and is cooperating fully with their investigation. Copies of documents recently provided to the Company as well as confidentiality waivers of former Company attorneys that are waiting to talk to the SEC are being provided as requested.
The Company has recently halted the transfer of a large bulk certificate to a major brokerage firm from a third party. A specialist will be hired to completely research and investigate both sides of this transaction along with the many recent transactions of possible insider sales of large bulk certificates
.
Rumors
Rumors of trust accounts with money and other assets that have been established for the benefit of shareholders or rumors of dividends to be paid to shareholders are absolutely not true. Those that are demanding the Company to pay out monies held for shareholders are feeding off of this false information. Rumors that our Company was set up as a sting on the markets are false. Any rumor that has not been identified by this press release should be considered to be untrue. The Company will only provide information to shareholders through an official press release on Business Wire or on the Company website at www.CMKMdiamondsinc.com.
Outlook for the Future
West continues, “I am 100% confident that no matter how things may look today, as a united front, we can rebuild this Company. We have to once again unite as shareholders to begin to make positive strides forward. As you can well imagine, there will be an even greater influence to try and divide us at this time, we have to become so united that nothing can stop us”.
“Once we have cleaned up our current legal matters, add value back into the Company and have prepared financials to be audited, it will be my intent to assemble a Corporate Governance and Nominating Committee made up of shareholders to locate, interview and recommend the most highly qualified Board of Directors to lead this Company back to trading and into the future”.
“I want to remind everyone that there are two ways to look at the above information. We can look at everything in despair and believe that there is no hope for the future of our Company, or we can quickly put the past behind us and know that we can now move forward and build a brand new Company, one that already has 40,000 - 60,000 shareholders, into something wonderful. This shareholder base is, and has always been, our strongest and most valuable asset. That said, I suggest that WE, as shareholders, choose to look forward with hope, strength and determination to build this shareholder base into a solid company.
Safe Harbor Statement:
This news release contains certain "forward-looking statements" within
the meaning of Section 27a of the Securities Act of 1933 and Section
21e of the Securities Exchange Act of 1934. Although the Company
believes the expectations reflected in such forward-looking statements
are reasonable, it can provide no assurance that actual results will
meet or exceed such expectations.
Contact:
CMKM Diamonds Inc.,
615 S. Broadway
Tyler, TX 75701
Kevin West, 702-946-9497 |
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| From: StockDung | 4/23/2007 2:22:39 PM | | | | | | "In fact, Patrick BYRNE by himself managed to supply about $1 of every $20 given by Utah individuals to candidates or POLITICAL groups, according to a Deseret Morning News analysis of federal and state campaign disclosure data from 2003 to now."
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Handful give lots of $$
Deseret News (Salt Lake City), May 22, 2006 by Copyright 2006 Deseret Morning News By Lee Davidson
In the 1932 movie "If I Had a Million," comedian W.C. Fields uses $1 million he inherits to buy countless cars to crash into any vehicles that cut him off while driving.
Utahns Patrick and Jack BYRNE, the president and chairman of Overstock.com, did a POLITICAL version of that recently. They combined to spend $1 million on ads designed to help crash John Edwards' vice presidential campaign two years ago.
They did not respond to inquiries about exactly why they did that. But it helped make Patrick BYRNE the top individual POLITICAL donor in the state (giving at least $676,500 since 2003), and make Jack BYRNE No. 3 (with $510,800.)
They are among a relative handful of Utahns who supply a huge share of the state's POLITICAL donations. Politicians have long complained that raising money here is difficult because most residents prefer to give any extra funds available to churches and charities, not politics.
In fact, Patrick BYRNE by himself managed to supply about $1 of every $20 given by Utah individuals to candidates or POLITICAL groups, according to a Deseret Morning News analysis of federal and state campaign disclosure data from 2003 to now.
The Top 10 POLITICAL donors gave about 21 cents of every $1 raised from individual Utahns. The Top 100 donors gave about 42 cents of every $1 raised -- meaning those few nearly equaled the total given by all of Utah's other 2.5 million residents combined.
That gives those few big donors extra POLITICAL influence -- which some of them acknowledge. It helps their businesses, promotes their personal agendas or even wins elections for friends or family - - or greases big POLITICAL appointments.
"Does giving enhance my influence? Politicians always listen to people from whom they want money. That does not necessarily mean they do whatever that donor asks. That is why I insist on knowing their position on this issue (gay rights) before I give them anything," says Bruce Bastian, the state's No. 2 donor.
Related contentDeseret Morning News
Utah's top 100 individual POLITICAL donors
He was a co-founder of WordPerfect, is an activist on gay rights and gave at least $657,000 POLITICALly since 2003.
As the current election year heats up, the following is a look at some of Utah's biggest donors who supply the money that fuels races.
Patrick and Jack BYRNE
The son-and-father BYRNEs, Utah's No. 1 and No. 3 individual donors respectively, in 2004 formed a POLITICAL communication group called Save American Medicine.
They each gave it $500,000. The resulting $1 million purchased ads nationally targeting John Edwards, the running mate of Democratic presidential hopeful John Kerry.
Edwards' career as a trial attorney before becoming a U.S. senator was unpopular with many doctors because he won many big malpractice suits. The ads asked viewers to call Edwards to ask him to support tort reform.
Patrick BYRNE also gave $2,500 to "Swift Boat Vets and POWs for Truth," a group that attacked Kerry's Vietnam War record.
But their efforts to derail Kerry and Edwards does not mean the BYRNEs dislike all Democrats. In fact, Patrick gave $25,300 to the Utah Democratic Party in 2003, $25,000 to the Democratic Senatorial Campaign Committee and $1,000 to Rep. Jim Matheson, D-Utah.
That helped make BYRNE the fifth largest individual Utah donor to Democrats since 2003. But he was also the state's fourth largest individual donor to Republicans. Like many businessmen nationally, he appears to seek friends in both parties.
While the BYRNEs did not respond to Deseret Morning News inquiries, an online blog that Patrick writes describes himself as "zig-zag moderate." His blog also says he gave an early $1,000 donation to Kerry (which Federal Election Commission records do not show) but then "changed my mind on Kerry" and gave to groups targeting him.
Big donations attract attention. When Transportation Secretary Norm Mineta looked for places nationally to visit to tout a plan to reduce transportation congestion, he chose Overstock.com. Other big donors -- such as former ambassador John Price -- have said that big donations have brought access to Cabinet members and other policymakers.
Mineta came to Overstock. com even though the Securities and Exchange Commission had just subpoenaed data about its accounting policies and financial projects, plus records of allegations made by Patrick BYRNE contending that hedge-fund managers, analysts and business journalists tried to drive down Overstock.com's stock price to benefit short-sellers.
Bruce Bastian
Bastian, the retired co-founder of WordPerfect and the No. 2 individual donor in the state, said his giving is "based almost exclusively on (candidates' and groups') positions on total equality for all Americans, but specifically for the gay, lesbian, bisexual and transgender community."
Bastian gave $364,000 to the Don't Amend Alliance, which fought a same-sex marriage ban amendment to the Utah Constitution in 2004. Bastian supplied about half the money raised by that group, but Amendment 3 passed anyway. |
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