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"Indeed, it was not until Oct. 24 that CMKM notified its shareholders by way of an SEC filing that it was withdrawing its petition for review of the initial decision and requesting that the U.S. regulator revoke its stock registration effective immediately." "CMKM now claims to be penniless."...

Any reply Def? I understand the TSX cut its trading fees so how about it?

The most hiliarious thing about the link you provided nissan is everyone who posts on those boards talks about conspiracies, market makers keeping the stock down, short squeezes, blah, blah, blah. Here's one that they might want to talk about, how about creating an actual business? Think it...

"700+bil shares last reported in O/S, but speculation is that the O/S is much, much smaller and a majority of those shares will be retired/bought back in order to strangle the shorty." Posted by nissan. Gee, that's funny, they testififed in front of an SEC inquiry that it was 780 billion...

"CMKM Diamonds Inc., Saskatchewan native Urban Casavant's massively diluted subpenny pink sheet promotion, has filed a brief in support of its petition for review of the U.S. Securities and Exchange Commission (SEC) initial decision to revoke the company's stock registration." Hmmm. Nissan...

Let's say it trades for a penny, it would have a market capitalization of $7.8 billion. Maybe you could explain what the company is doing that would justify that level of market capitalization.

Not sure if you're joking about the title. "Among other things, the transfer agent confirmed that CMKM had more than 778.5 billion shares outstanding as of Dec. 31, 2004." Currently under SEC investigation. Massive dilution and no one knows how many shares are really outstanding...

Really? I wish i was as smart as you.

It's funny, the press plays up the dangers of daytrading yet at the end of the day, you're in cash. how is that more risky than investing or position trading?

Southamerica, I was not criticizing your thread or posts. I was poking fun at areyoukidding who has started countless threads discussing which way the wind was blowing that day. I would be interested in any other commentary regarding the derivatives market as it would seem to be a legitimate...

South America, peruse previous threads started by areyoukidding. Criticizing your new thread is the pot calling the kettle black. At least your thread was interesting.

Apex, is the libelous post from Rockford quoted in one of your posts? If that's the one you're talking about, everyone can still read it. Page 53 near the bottom.

Regulators and bankers stepped forward Friday to assure investors that derivatives brokerage house Refco Canada Co. is not being swept up in the expanding scandal around its U.S. parent, Refco Inc. Refco, the dominant intermediary in derivative markets, has been rocked this week by...

Bottom line, does Refco and any of its subsidiaries survive?

"House of Pain"? Hmmm.......

What a mess. The loss of confidence is going to kill Refco. Just scrolling through the messages posted here and it would seem that clients are going to leave in droves. I wouldn't want to be a holder of this stock. In an industry built on trust, they blew it.

The CIPF (Canadian Investor Protection Fund) insures accounts in Canada to the amount of $1000 000. The firm must be a member of CIPF, which I'm sure Refco is. (whether this applies to a FX account, I'm not sure. Look at any disclosure documents they forwarded to you) CDIC insures...

I can appreciate your points nassau but personally i don't think it's a good time to step up to the plate. The markets are skittish, traders are laying off risk and the risk of the "unknown" stills lurks beneath the surface of this story. While the best money can often be made be buying the...

Famous last words: "it can't go any lower" "all the bad news is out" "it's a steal at these prices" Must be even more compelling with the close at $13.85 today?

Oct. 10 (Bloomberg) -- General Motors Corp., the world's biggest carmaker, was cut to ``sell'' from ``neutral'' by Banc of America after the bankruptcy filing of former unit Delphi Corp. raised the chance GM may seek court protection as well. Banc of American analyst Ronald Tadross today...