FRIENDS AND FELLOW CMKXERS.
Disclaimer: I may sound like an arrogant mule in this post. I may tick off a lot of people. I may insult, irritate or outright slam people in this post. I may be right. I may be wrong. I don't care what you think. I really don't. These are my opinions and you can SHOVE IT if you don't like them. As I said, I may be arrogant in this post. Live with it.
On Roger:
Let me start by saying Roger Glenn was the first and SOLE reason I bought into this stock AT ALL. Anyone who is seriously dismissing or underestimating the importance of this man to what is happening, in my opinion, has NO ######## CLUE WHAT THEY ARE TALKING ABOUT. Even more laughable are the clowns that think somehow he agreed to be quoted in a press release because cmkx is in trouble with the sec. Oh lord, when I read things like that, I realize what a true three-ring circus this is. First off, Lawyers at this level are not prostitutes. They spent a CAREER to put themselves into a place of distinction such as this. If you a partner at one of America's top 200 law firms, you are the elite among the elite. Look at Edwards Angell's client list. You will not find pink sheet companies there. You will not find otc companies there. You will find the nation's premier NYSE, NASDAQ and AMEX companies there. Every client this law firm takes in is a commitment of partner, associate, and paralegal resources. They do not take this lightly as they have HUGE clients that require HUGE time commitments. At this level, many partners may only have a handful of clients at all at any given time. These guys I promise you work harder than any single person that has EVER posted on this board. Somebody commented earlier that Roger was on "vacation" only in the sense of a working vacation. Exactly! You don't get a weekend off. You don't get nights off. It is a tough, tough, tough business at this level. So you sure as #### are not about to give your VERY valuable time on some pink sheet flea of a company simply because they drop a bag of dough on your desk. It is my opinion that Roger took this case on one of two grounds ONLY. Either a) there is a legal securities precedent here that will put this case in the national spotlight and become a case study on securities law, or b) he saw something that led him to believe that this company will quickly become a company worthy of a listing on a major exchange (and I don't mean the bulletin board). You better BELIEVE the market makers know who Edwards Angell is. Look down their client list of INVESTMENT BANKING FIRMS. Look down their list of PRIVATE EQUITY ENTITIES. Edwards Angell SWINGS WITH THE BIG BOYS. I'm just peeing in my pants reading all the GARBAGE from the bashers about how trivial this is.
Lawyers like Roger do not take on pink sheet companies. Period. Something caused this to happen. That something in my opinion will be VERY obvious when all is revealed.
On the press release:
All this time we knew Roger was involved. The first press release was the initial salvo. "We have hired Roger." In the interim, not much happened. Tonight's PR in my opinion can only be interpreted as "Is that your final answer?" to the short market makers. It's just blatant at this stage of the game. The fact that Roger put his NAME AND REPUTATION down on this press release is a significant step. In my ten years of penny investing, I have not seen a firm of this caliber ever hired by an otc or pink company. I have seen dozens and dozens of pennies wave around the rally flag with "we are looking into the legalities of this matter" or "we think we may be shorted and are talking to attorneys". I have NEVER seen their lawyers mentioned by name or in a press release and I haver NEVER seen them actually ever move forward on ANY legal action to that effect. In my opinion, Roger has thrown down the gauntlet. The bell in round one has rung. And our guy is a true heavyweight.
On today's trading:
More laughable posts today from the bashers. OH MY GOD how could it be any more obvious??????? 2 billion shares traded at .0006 and 8 million traded at .0005 in the last few hours and the ask will not budge? Could JEFF and FRAN been any more obvious about swapping around to protect this short position? Read my post earlier today about "TRADING TODAY". I absolutely NAILED it. This is controlled covering. 100% pure and simple. The only problem is there was way too much buying. So much so, that they had a tough time masking this and basically had to just stand there and take it on the chin at the end of the day just to avoid a late day rally back to .001. To all the bashers that sit there shaking their head going "there's not even a short position here", you are truly the slime of the earth for looking at everything around you and outright LYING. The only thing I missed in my TRADING TODAY post was that I thought the late day buying that would inevitably come in could be handled more subtly. But it couldn't. It was just flat out egregious as to what was happening. The ONLY reason the other market makers haven't ganged up on this to take it long is because they are probably curious as heck as to how to play this ALSO. I promise you all the other market makers are neither long nor short but are simply making a quick buck on this until they get a grip on just WHAT IN THE WORLD IS GOING ON HERE.
On the bashers:
I have sat across from plaintiffs' attorneys who have looked me in the eye and said "We are going to court and my client is going to win $10 million dollars on this. I recommend you take our kind offer of $2.5 million to settle." Our response? "We recommend you take our offer of $50,000 to cover your fees so far and consider yourself lucky." With that they storm out screaming bloody murder claiming we are going DOWN on this fight. They ended up settling for $50,000. My point is the real snakes out there have no scruples. No ethics. They will look you in the eye and be ANYTHING but truthful. Did anyone catch that Chicago Tribune article on Janice Shell????? SCARY???? The bashers in my opinion are either ticked off longs that sold and/or got burned or they are part of the short contingency. But I just never really understand why ANYONE would spend hours and hours per day dissecting a stock THEY DON'T EVEN OWN???? And to do it because they are saviors??????? Either they're delusional (very possible), they work for the shorts (very likely) or they are just pawns that are unknowingly doing all the dirty work for the shorts (possible). But otherwise, they are an infectious disease that otc and pink sheets ALWAYS breed. The sooner you can avoid responding to them, the better your life will be. Notice how I have not even responded to them in the last two weeks?
On the future:
I will not be surprised for us to gap up tomorrow. I will not be surprised for the shorts to stand tall and proud and continue the facade. But I believe Urban and Roger are holding a royal straight flush. The question is now whether the shorts have a pair of twos or four aces. Because I believe tonight's press release was the equivalent of pushing all the chips on the table. Either way the shorts will lose. With a pair of twos, they will think twice about playing another day. With four aces, they will be arrogant enough to push it all on the table and take their stand. Oh to be there watching their face when they LOSE.
On the bad and the ugly:
Melvin has gone loony tunes. I believe he has officially checked out. His press release through stockwatch with the word "mysterious" in the headline is just surreal. My only guess is that Roger is so busy with other more important matters that he simply does not have the time to have heard about all of Melvin's antics. I certainly hope at some point that Roger hires someone to physically tie Melvin's hands behind his back, tape his mouth with duct tape and feed him only through a small sipping straw. And the ugly? The website and its juvenile animations/links as well as the message board with its extreme potential for liability (particularly with Melvin at the helm) MUST GO.
On the longs here and elsewhere:
This will only get worse from here on out. I have warned you. I will continue to beat this drum. You have seen NOTHING. Look for the shorts to call in their media connections to put out smear campaigns through articles or supposed "analyst opinions". They will call out the BIG guns for this. It will come out of nowhere. Am I trying to scare you? You BET I am!!!! I want everyone READY. This week was just an appetizer. You see how they operate now. They will blindside this stock repeatedly in the future. So think long and hard about how badly you want to be in this game, because it will be trench warfare. Take money off the table if you can't hack it. But if you reach that comfortable zone like the one I am in, you will realize that through the ups and downs, you believe that this company will ultimately win at this. Then you can be comfortable to let the stock go where it will go. Whether that's back down to .0001 because something unraveled or it's to $3 because we were so RIGHT, I am prepared for the next leg of this journey. Urbie stumbled out of the blocks with his initial PR. That's ok. Because now I believe the REAL news is coming.
Be smart. Think. Weigh everything. Make good decisions. One thing I promise you is that win or lose, this will be the craziest voyage in the stock market you will EVER be on.
MASSIVE DISCLAIMER: If you look to me for investment advice, you're nuts. These are my personal opinions only. They are meant to give you something to think about but for god's sake, I have no way of knowing how this stock will ultimately behave or the ultimate outcome of ANYTHING. It is all guesswork and these are my guesses. I cannot tell you enough how risky I feel this venture is, especially now that it's about to heat up. For those that are long, I wish us all luck. For those that get shaken out, fear not for this is the normal, expected course. For those that trade, good trading to you. And for those that short, I believe the time has come to pay the piper.
thanks for listening. if you made it this far, congratulations.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
