Post by fastwalker on Jun 21, 2005 19:48:01 GMT -5
“An Open nice letter”
Honorable Brenda P. Murray
Administrative Law Judge
450 5th Street, N.W. Mailstop 1106
Washington, D.C. 20549-1106
Subject: The matter of CMKM Diamonds, Inc.
Your Honor,
I’m writing this letter in an attempt to seek your indulgence to review and allow into evidence, the Naked Short Selling (NSS) data. I am also shamelessly asking, that you provide us (CMKM), a favorable and equitable response, that allows us to move forward and file.
I would submit that what is as equally important as the filing for the shareholders, is the omnipresent issues of NSS. For just that reason alone your Honor, you should want us to move forward, to force the NSS issue from the darkness in which criminality reigns, into the light of Justice.
I am cognizant of and will concede that the basic issue of CMKM’s non-filing is an important matter of general principle, for the protection of the shareholders / investing public at large. But I would contest the necessity for such actions taken by the SEC on my behalf.
I would also be remiss your Honor, if I didn’t take issue with the haste in which the SEC clearly demonstrated their desire to extinguish both CMKM and the hopes and dreams of so many “current” shareholders.
I am sad to witness that our Government is once again, unwilling to afford the injured party (shareholders / Owner’s Group (OG) ) an opportunity to at least address in a public forum, the Naked Short Selling (NSS) situation and the devastating impact it has on not only CMKM, but all investors, at all levels of the market place.
Even if it’s only noted in the court as an ancillary issue to the matter at hand, it is my contention that we (OG) have shown through a concerted effort, valid data that may in fact have a bearing on this case.
Your Honor, I will not denigrate or attack the work the SEC in their attempts to protect the investing public. However, I will take strong exception with the inconsistencies that have been demonstrated by the SEC’s actions / rush to judgment against CMKM.
I’m very familiar with investigations / enforcement / interdiction polices and activities and while I can see where the activities of CMKM, would or could cause an outsider concern I’m not concerned. I fully expect to see the SEC’s probable cause usage of the non-filing, as a precursor to an investigation. However, I would expect that an investigation and or interdiction activity would be based more on “known” facts, than simply “suspected” illegal activities. Which is why I have concerns over the persistent and dogmatic intent of the SEC to “eradicate” CMKM?
For the SEC to state that CMKM, can not and will not comply, and further indicate that CMKM should be considered a “future” problem child (my words, but intent is the same) is to assume that the SEC has at it’s disposal a “device” that allows them to “see” the future. I find that notion a bit incredulous that based on limited information; a plausible conclusion can be extrapolated by the SEC with regards to CMKM’s future activities.
I’m more inclined to think, when the aforementioned rational is put forth by the SEC, that as Americans, we are witnessing yet another agency brimming over with overzealousness to exercise there authority. Our recent American history is replete with agencies that have exceed and then attempted to justify their actions through the usage of ambiguities and innuendos, or plausible deniability.
We are often forced as members of a civilized society, to often accept these adverse consequences as being necessary for the good of all. I would submit your Honor, that an assumption is not a fact and that a fact is only has viable as the truth value it contains. Which if not completely revealed to all parties, is not and should not be germane to the issue at hand, by that I mean, where statements are presented by the SEC to influence the court, by accident or intent it would appear that additional and pertinent information can be withheld.
To present a case and omit evidence, or present only partial evidence that clearly serves the State’s needs, is to truly tighten the blindfold on Justice and bind her hands. Such actions also speak to the need to heed a “warning” quote made by George Washington…
"If the freedom of speech is taken away, then dumb and silent we may be led, like sheep to the slaughter."
In my opinion your Honor, not allowing the NSS issue to be heard does more to create a slippery slope of stripping away a basic freedom we all share, than any damage it might possibly have in the economy, if in fact the matter is true.
Your Honor, on almost a nightly basis, we can witness the greed and even stupidity of man via various media sources. We are constantly exposed through the media and real life, to the “harden” criminal types who prey on us, rob us, with guns, knives and other acts of aggression or terrorism.
But for some who are fortunate enough to have extra funds available to invest in the hopes of achieving the American dream, we have developed a disconcerting familiarity with their “Corporate” counterpart, who uses a college education, experience and their positions of trust in the market place as “professionals” in place of weapons and violence
to rob us, as is the case of NSS and various other insidious forms of market place manipulation. Maybe we are not all wise men, but we are for the most part prudent men and we have joined together in a commonality for society’s sake, to address the NSS issue, in the hope that the criminals will be brought to Justice.
I must confess though, I have not seen such enforcement / interdiction activities being reported on the nightly news which would indicate any Federal agency engage
Honorable Brenda P. Murray
Administrative Law Judge
450 5th Street, N.W. Mailstop 1106
Washington, D.C. 20549-1106
Subject: The matter of CMKM Diamonds, Inc.
Your Honor,
I’m writing this letter in an attempt to seek your indulgence to review and allow into evidence, the Naked Short Selling (NSS) data. I am also shamelessly asking, that you provide us (CMKM), a favorable and equitable response, that allows us to move forward and file.
I would submit that what is as equally important as the filing for the shareholders, is the omnipresent issues of NSS. For just that reason alone your Honor, you should want us to move forward, to force the NSS issue from the darkness in which criminality reigns, into the light of Justice.
I am cognizant of and will concede that the basic issue of CMKM’s non-filing is an important matter of general principle, for the protection of the shareholders / investing public at large. But I would contest the necessity for such actions taken by the SEC on my behalf.
I would also be remiss your Honor, if I didn’t take issue with the haste in which the SEC clearly demonstrated their desire to extinguish both CMKM and the hopes and dreams of so many “current” shareholders.
I am sad to witness that our Government is once again, unwilling to afford the injured party (shareholders / Owner’s Group (OG) ) an opportunity to at least address in a public forum, the Naked Short Selling (NSS) situation and the devastating impact it has on not only CMKM, but all investors, at all levels of the market place.
Even if it’s only noted in the court as an ancillary issue to the matter at hand, it is my contention that we (OG) have shown through a concerted effort, valid data that may in fact have a bearing on this case.
Your Honor, I will not denigrate or attack the work the SEC in their attempts to protect the investing public. However, I will take strong exception with the inconsistencies that have been demonstrated by the SEC’s actions / rush to judgment against CMKM.
I’m very familiar with investigations / enforcement / interdiction polices and activities and while I can see where the activities of CMKM, would or could cause an outsider concern I’m not concerned. I fully expect to see the SEC’s probable cause usage of the non-filing, as a precursor to an investigation. However, I would expect that an investigation and or interdiction activity would be based more on “known” facts, than simply “suspected” illegal activities. Which is why I have concerns over the persistent and dogmatic intent of the SEC to “eradicate” CMKM?
For the SEC to state that CMKM, can not and will not comply, and further indicate that CMKM should be considered a “future” problem child (my words, but intent is the same) is to assume that the SEC has at it’s disposal a “device” that allows them to “see” the future. I find that notion a bit incredulous that based on limited information; a plausible conclusion can be extrapolated by the SEC with regards to CMKM’s future activities.
I’m more inclined to think, when the aforementioned rational is put forth by the SEC, that as Americans, we are witnessing yet another agency brimming over with overzealousness to exercise there authority. Our recent American history is replete with agencies that have exceed and then attempted to justify their actions through the usage of ambiguities and innuendos, or plausible deniability.
We are often forced as members of a civilized society, to often accept these adverse consequences as being necessary for the good of all. I would submit your Honor, that an assumption is not a fact and that a fact is only has viable as the truth value it contains. Which if not completely revealed to all parties, is not and should not be germane to the issue at hand, by that I mean, where statements are presented by the SEC to influence the court, by accident or intent it would appear that additional and pertinent information can be withheld.
To present a case and omit evidence, or present only partial evidence that clearly serves the State’s needs, is to truly tighten the blindfold on Justice and bind her hands. Such actions also speak to the need to heed a “warning” quote made by George Washington…
"If the freedom of speech is taken away, then dumb and silent we may be led, like sheep to the slaughter."
In my opinion your Honor, not allowing the NSS issue to be heard does more to create a slippery slope of stripping away a basic freedom we all share, than any damage it might possibly have in the economy, if in fact the matter is true.
Your Honor, on almost a nightly basis, we can witness the greed and even stupidity of man via various media sources. We are constantly exposed through the media and real life, to the “harden” criminal types who prey on us, rob us, with guns, knives and other acts of aggression or terrorism.
But for some who are fortunate enough to have extra funds available to invest in the hopes of achieving the American dream, we have developed a disconcerting familiarity with their “Corporate” counterpart, who uses a college education, experience and their positions of trust in the market place as “professionals” in place of weapons and violence
to rob us, as is the case of NSS and various other insidious forms of market place manipulation. Maybe we are not all wise men, but we are for the most part prudent men and we have joined together in a commonality for society’s sake, to address the NSS issue, in the hope that the criminals will be brought to Justice.
I must confess though, I have not seen such enforcement / interdiction activities being reported on the nightly news which would indicate any Federal agency engage