posted June 14, 2004 21:44            

quote:

---

Originally posted by Money_Penny:
[QUOTE]Originally posted by highwaychild:
[b] You ain't not a porn star are you?

---

--------------------------------------------

Let me try it for 6 months and I'll let ya
know

posted June 14, 2004 21:46            

quote:

---

Originally posted by Money_Penny:
[QUOTE]
No. LOL. Did you ever think, though, how boring a porn star's sex life must be? Think about it this way....whatever it is you do for a living, now do that again at night in bed with your wife or husband. Still sound exciting?

---

HaHa.Don't ask me ask Coby B.I can't even frikin' wright to night

posted June 14, 2004 21:49            

quote:

---

Originally posted by StonedPigeon:

---

posted June 14, 2004 21:55            

quote:

---

Originally posted by TruthTeller:
Just wanted to add my comments..

Be careful with some of the people who have been here longtime as well. They can be possitive for a long time, all of a sudden they bash and try to create panic. Believe me, it happened with QBID (more than once).

Bottom line is don't just follow somebody to buy/sell ANY stock. Like Will said don't buy/sell it even if you get a letter from Jesus (unless you want it)

GLTA

[This message has been edited by TruthTeller (edited June 14, 2004).]

---

posted June 14, 2004 22:14            

If I am in at .0001 pps and sell 1,000,000 at .01 pps then I am looking at 10,000.00 of which 9,900.00 is profit.

If I am looking at 35% tax. Then 3,465.00 would be the tax burden.

10,000.00 from the sale.
Minus 3,465.00 tax.
Leaves 6,535.00 to reinvest.

This means the pps would have to fall back to .0065 or loose 35% in order for me to get my 1,000,000 shares back.

If this happened, I would have sold just to pay the taxes.

Is the benifit in doing this just to lower the tax obligation on the final sell?

Am I missing something?

Paul

posted June 14, 2004 22:24            

quote:

---

Originally posted by PAUL:
I have been trying to figure out on "paper" how to flip this stock with sucess. I keep finding tax problems with my plan.

If I am in at .0001 pps and sell 1,000,000 at .01 pps then I am looking at 10,000.00 of which 9,900.00 is profit.

If I am looking at 35% tax. Then 3,465.00 would be the tax burden.

10,000.00 from the sale.
Minus 3,465.00 tax.
Leaves 6,535.00 to reinvest.

This means the pps would have to fall back to .0065 or loose 35% in order for me to get my 1,000,000 shares back.

If this happened, I would have sold just to pay the taxes.

Is the benifit in doing this just to lower the tax obligation on the final sell?

Am I missing something?

Paul

---

posted June 14, 2004 22:30            

But, I just don't want to put myself in a position to have to sell stock to pay taxes.

So is there a formula that anyone uses to do this. Has anyone looked to see if it is better or worse to pay taxes as it grows OR is it best to just let it all grow and sell.

Just trying to figure it out.

I have not made any trade like I think this one will be.

The closest I got was IBZT bought @.0045 @ .008 then sold at .009 on dec 29, 2003.

Within 2 weeks it was trading over .07 which could have been huge for me.

So I am trying to figure a few things out.

I know I have been around here a while but, I still do NOT know how to play this. Everyone talks about the MM's do not know what to do. Well they aint alone!

PAUL

quote:

---

Originally posted by Az...Cats:
Worry about the tax part when you get there.

---

posted June 14, 2004 22:43            

quote:

---

Originally posted by Wallace#1:
Paul,

I don't know the answer to your tax question.
Do you have an accountant do your taxes? If so, you might ask there.

---

posted June 14, 2004 23:43            

quote:

---

Originally posted by VNGNTN1:
WHY DON'T YOU'AL HAVE THIS IN A ROTH???
I do all 5m shares. Let's say PPS goes to 3.50 x 5m=$17.5m (taxes are ?)0
VAN

---

posted June 14, 2004 23:43            

CMKM Diamonds "Carolyn Pipe' Shows Some Promise
By Tom Bustamante,
Staff Reporter
NEW YORK--(WSNC)--June 13, 2004--CMKM Diamonds (OTC:CMKX) announced that initial tests show trace elements of diamonds on their Smeaton property in Saskatchewan, Canada.

Saskatchewan Research Council (SRC), an independent lab located in Saskatoon, Saskatchewan reported to the company today that the core samples from the "Carolyn Pipe" has come back positive for diamond content. The Smeaton property in Saskatchewan, Canada is jointly held by CMKM Diamonds Inc., being the primary operator of the claims, United Carina Resources Corp., Consolidated Pine Channel Gold Corp., and U.S. Canadian Minerals Inc..

In procedure of fair disclosure the company also announced that there is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company.

CORPORATE STRUCTURE

CMKX has been gathering a lot of attention lately with their plans of retaining a new auditor and law firm. If CMKX is serious about cleaning their company up to become fully reporting and compliant, then they seem to be making to correct first steps, but still have a ways to go.

As a first step, CMKX is correct to have a full audit conducted on the company, so as to know exactly how many shares and shareholders in the company. This will allow CMKX to review exactly what it is they are working with, and better work towards cleaning up the capital structure of the company. After the final audit, it would not be to surprising to see CMKX conduct some sort of reverse-split to reduce the number of shares outstanding, for they will most likely need this extra capital for production of their 'Carolyn Pipe" property. Of course, this would not be of great support to current shareholders, but would be a wise move for CMKX if they wish to clean up their capital structure to better reflect a higher exchange. I wouldn't expect a move on the capital structure issue until the auditing firm has had a chance to comb through the companies shares first. www.casavantmining.com

Afterwards, CMKX should then use their new law firm to make all the appropriate filings to get CMKX fully reporting, and apply for relisting on the OTC exchange. A good law firm can also help CMKX retain friendly financing, or better yet, some strategic partnerships for production on the diamond property.

Over all, there is still a lot work CMKX needs to do to clean up their capital structure, and get the company on a higher exchange, but in the mean time they seem to making the correct first steps to making this issue a reality.

Source: http://www.wallstreetnewscast.net/news/june/cmkx.html

posted June 14, 2004 23:57            

From: wave321
May 26 2004
Msg: #of 535
CMKX@.0001 Worth 1.00 a Share. 1 Trillion Share Shorted
Explaination of CMKX 1 Trillion Share Naked Short below:

Breakdown of Naked Short:

NITE-300 Billion
Jeff-250 Billion
CRWN-175 Billion
SCHB-125 Billion
FRAN- 75 Billion
BSIC- 60 Billion

All other MM's 1 Billion to 15 Billion

1 Trillion Shares Naked Short Will be "Covered" via the {Worlds Largest Short Squeeze} when the Company releases the Entire O/S to include shares retired/Bought Back recently and the "Public Float". This will take place very, very, very soon folks, dont sell yourself short by bailing early into the run...Remember theres atleast 1 Trillions shares of "Buying" volume that needs to go threw before short is covered and the "COVERING" Started yesterday with NITE on Bid all day.

Now comes the time to force the MMs to gather accountability for
covering. Urban can do this by re-issuing CIM shares as a dividend
to all current shareholders of CMKX shares to be effective by an
execution date sometime in the near future. Maybe some date like 15
Jun or 30 June 04.

But first and at the same time, announce that CMKX has made a $1.00
per share tender offer to buy all shares of CMKX shareholder's
shares to take the company private. They will be willing to do this
because insiders own at least 85.7% of the OS so it would really be
like buying out yourself or paying yourself. Going private along
with re-issuing the CIM dividend will no doubt force the MMs to
cover all naked shorted positions.

You can do a lot when you own billions of dollars in gold, platinum,
uranium, kimberlite, and diamonds to say the least. Buying us out to
go private at $1.00 per share still might be too low, but I'm sure
many would appreciate such yet still.

Now after the announcement of taking CMKX private, CMKX will make
the announcement that those who buy CMKX up to the new execution
date will receive a 1,000 to 1 dividend of CIM shares to further
compensate the value that the company has determined to award fair
value to its shareholders.

That's right, CMKX will take back those already old CIM shares to
give them in return the newly re-issued CIM shares with value unlike
before. Others who never had any CIM shares would receive CIM shares
under the same newly 1,000 to 1 ratio and investors will have up
until the new execution date to buy to receive the newly re-issued
CIM shares dividend.

They will also announce that CIM will apply for a new CUSIP# and
ticker to submit application to trading on the NASDAQ National
Market since they must trade with four symbols on the NASDAQ
markets. They will announce that Qualifications are expected to be
met by some future date maybe like 31 Jul or Aug 04 to submit
application to the NASDAQ National Market. This means that CIM would
trade at no lower than $5.00 per share.

The Look of the CIM Dividend
We will guess and say that CMKX OS is 40 billion shares and the OS
for CIM is to be 40 million shares.

CMKX OS  CIM OS = Dividend Ratio
40,000,000,000  40,000,000 = Dividend Ratio
1,000 = Dividend Ratio

With 1,000 to 1 Dividend of CIM shares this means you pay the
following to get the end result listed below:

1,000 Shares of CMKX = .10 cents
1 Share of CIM = $5.00

Source: http://quotes.freerealtime.com/dl/frt/C?IM=quotes&SA=quotes%7CMessageBoard&symbol=CMKX&type=view&msg=192

posted June 15, 2004 00:01            

(...I can't sleep, so instead surfing the net)

posted June 15, 2004 00:01            

I have been told at least tow times now in CLEAR TERMS that an R/S is not even eing discussed. Because... It is NOT in the best interest of the shareholders.

I have for some time now, thought the intent of this company is good. I think they are trying to turn around their business practices and shoot straifht. So far I think they are doing things they need to do.

If an R/S does happen on this side of .50 I will be surprised.

If this happens, in my opinion one of three things has happened.

1. They are lying.
2. Melvin is much further on the "outside" of things than I think he is.
3. Melvin is being mis-lead or lied to.

I am NOT looking for an R/S to happen. If it does I will probably be looking for the door.

PAUL

quote:

---

Originally posted by TradingWizard:
Bumping up with some old news but by others.

CMKM Diamonds "Carolyn Pipe' Shows Some Promise
By Tom Bustamante,
Staff Reporter
NEW YORK--(WSNC)--June 13, 2004--CMKM Diamonds (OTC:CMKX) announced that initial tests show trace elements of diamonds on their Smeaton property in Saskatchewan, Canada.

Saskatchewan Research Council (SRC), an independent lab located in Saskatoon, Saskatchewan reported to the company today that the core samples from the "Carolyn Pipe" has come back positive for diamond content. The Smeaton property in Saskatchewan, Canada is jointly held by CMKM Diamonds Inc., being the primary operator of the claims, United Carina Resources Corp., Consolidated Pine Channel Gold Corp., and U.S. Canadian Minerals Inc..

In procedure of fair disclosure the company also announced that there is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company.

CORPORATE STRUCTURE

CMKX has been gathering a lot of attention lately with their plans of retaining a new auditor and law firm. If CMKX is serious about cleaning their company up to become fully reporting and compliant, then they seem to be making to correct first steps, but still have a ways to go.

As a first step, CMKX is correct to have a full audit conducted on the company, so as to know exactly how many shares and shareholders in the company. This will allow CMKX to review exactly what it is they are working with, and better work towards cleaning up the capital structure of the company. After the final audit, it would not be to surprising to see CMKX conduct some sort of reverse-split to reduce the number of shares outstanding, for they will most likely need this extra capital for production of their 'Carolyn Pipe" property. Of course, this would not be of great support to current shareholders, but would be a wise move for CMKX if they wish to clean up their capital structure to better reflect a higher exchange. I wouldn't expect a move on the capital structure issue until the auditing firm has had a chance to comb through the companies shares first. www.casavantmining.com

Afterwards, CMKX should then use their new law firm to make all the appropriate filings to get CMKX fully reporting, and apply for relisting on the OTC exchange. A good law firm can also help CMKX retain friendly financing, or better yet, some strategic partnerships for production on the diamond property.

Over all, there is still a lot work CMKX needs to do to clean up their capital structure, and get the company on a higher exchange, but in the mean time they seem to making the correct first steps to making this issue a reality.

Source: http://www.wallstreetnewscast.net/news/june/cmkx.html

---

posted June 15, 2004 00:10            

quote:

---

Originally posted by Bam Bam 17:
Capital Gains Calculator
http://www.moneychimp.com/features/capgain.htm

May God Bless All.

---

posted June 15, 2004 00:36            

Am I dreaming (it is kind of late) but I see flashovertx name on the http://www.cmkx.net/ site - bottom right. He hangs around here!
It is nice to see familiar faces around the world!!!

posted June 15, 2004 00:40            

quote:

---

Originally posted by TradingWizard:
Looks like Casavant has some major internet marketing scheme. I did some searches sometime ago, may be two weeks ago, and these sites did not come out on google.
Check this out: http://www.cmkx.net/

---

--------------------------------------------

Putting alot into this aren't they!

Good sign!

posted June 15, 2004 03:33            

I may have missed past comments, point being any one that has not researched Dr Glenn and the law firm , as many probably do know , for any one of his credentials to get on board with CMKX , there better be a good reason to put his name on the line.

I do not know what to make out of all the exhuberance, but as I stated over two years ago, CMKX is in the ZONE,,but was insulted by types like Milty, well, as a few have stated , Debeers and kensington are not there for a picnic.

posted June 15, 2004 04:11            

10 feet of dirt = $40Billion ...... DeBeers can only wish.

CMKX: Mach's conversation with Melvin 06/14/2004

As many know I was very concerned over the weekend about the dilution and somwhat still am! BUT if some of the views others have about the plans CMKX has against the shorts is true it will not matter!

I called Melvin on Saturday and left a message for him, well guess what he called me back at 8:30 PST. I asked lots of questions and will tell what I heard and if anyone has questions call him, a very easy person to talk to and excited beyound belief!!!!

After reading this which many already know most of it, I feel time to buy is now for sure, but good luck on whatever you do as this is not intended to influence you to buy or sell!

FEEL FREE TO SHARE THIS ON ANY BOARD, I LIKE WHAT I HEARD!

Here we go:::::

* Hi this is Melvin, returning your call
* thank you
* what can I do for you
* I am concerned about dilution
* I don't know anything about that end of it, call your broker
* Already did and of course they won't say anything.
* Sorry not my department
* Ok Melvin how are you feeling about CMKX
* "ONLY THE TIP OF THE ICEBURG"
* really
* Yes Tim an unreal diamond find
* Debeers has 50,000 acres we have 1.5 million and completely surround them and they have found diamonds as big as 10.5 c
* Also Tim Debeers did areial 10 years ago and only picked up a small spot! we did a survey 2 weeks ago and it paid off
"BIG TIME"
* Also Tim this makes the Carolyna pipe line look like Peter Pan
* Melvin any more pr's this week!
* Yes Tim for sure!!!!!!!!
* Melvin looks to me like this could take awhile to start drilling Months or WHAT?
* Tim, Melvin said with a chuckle we are moving the drill rig right now and will be drilling this week!!!! ( I wanted to hear this and have not seen this mentioned anywhere on any board, things are moving rapidly.)
* Melvin I hear this could be a 40 billion $$$$ find.
* HAHA Tim yeah 40 billion in 10' of dirt! "this is a quote" and all else as well I am saying here.
* Melvin do you own shares and would you buy more?
* Tim oh yes I own and at these levels definetely would buy more, but maybe not at $5.00
* Do you see $5.00
* Tim oh yes this is bigger than any one can imagine!

As you can see I asked him a load of questions and some others I did not post but mostly what everyone knows already. I tried to read between the lines and also asked him about the Mt. St. Helens eruption! He said that is a baby to what is coming!

I have never seen so much excitement out of any Company spokesperson in all my years of doing stocks and glad I finally called him to clear up some issues!

My opinion and strictly my opinion a very STRONG BUY and will get much stronger as news comes out which could be today, it sounds like more than 1 pr this week as well.

Good luck everyone and hope this helps
MACH

====================================================
mach1 - verifies the above post below:

Posted by: Mach1cobra
In reply to: marcq4 who wrote msg# 5379 Date:6/14/2004 3:47:07 PM
Post #of 5382

marc4 yes it was from me and all I stated was almost exact!

====================================================

NOTE:THIS IS NOT A SOLICITATION TO BUY OR SELL SECURITIES, AND SHOULD NOT BE
CONSTRUED AS SUCH! The foregoing is for entertainment purposes only ... not
to be considered as fact. The foregoing is not fact ... just an opinion ....
or not an opinion at all .....

posted June 15, 2004 08:31            

quote:

---

Originally posted by WWJD-thru-me:
Good Morning- Early is the best time to have a shot at reading Dr. Diamond at www.casavantmining.com. He wrote a very good post about the change of transfer agent and audit that should be completed very soon. Find as many of his posts as you can. He is realistic IMO and not a pumper. But I am very encouraged and optimistic reading what he has to say. I am conviced this is a great opportunity. I think Melvin may be a little out of the loop but I find him credible and do believe that he saw the core sample being taken from the ground. I also believe him when he says they are drilling many new locations every week. Because of the vast acres of mineral rights we hold and a significant number of kimberlite pipes that have been found I am finding it difficult to not be a cheerleader. Looking forward to the short squeeze of the century (Day of MM reckoning) which will be appearing right before our eyes soon. IMO-DD-GLTA-Debi

---

posted June 15, 2004 08:41            

quote:

---

Originally posted by TradingWizard:
Check this out: http://www.cmkx.net/

---

posted June 15, 2004 08:53            

L2 FROM THE DOJI 8:56 UPDATED

ON THE BID
.0010 X3 UP
.0009 X9
.0008 X1
.0007 X1

ON THE ASK
.0011 X8 DOWN
.0012 X5 UP
.0015 X1
.0030 X1
.02 X2

70MIL HOLDING WITH GOOSEBUMPS LMAO TO THE BANK

CMKX THE SCAM OF OLD ROCKS THE REAL DEAL TODAY LOL

posted June 15, 2004 09:06            

How do you calculate profit / loss on a transaction involving stock that you've purchased at different prices and sold portions at different prices? According to my tax guy, here's your choices.

Let's use this scenario:
You bought
1M @ .0001 = $100
1M @ .0003 = $300
1M @ .0009 = $900
You sold
1M @ .10 = $100,000

First in, first out method:
$100,000 - $100 = $99,900 profit

Last in, first out method:
$100,000 - $900 = $99,100 profit

Specific identification method:
Pick any one, like maybe the .0009, because you bought those to daytrade

Weighted average method:
$100,000 - $433.3 = $99566.70 (average cost per share = .0004333)