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Micro Penny Stocks, Penny Stocks Under $0.10 CMKX II new Thread. Get it while you CAN ! (Page 2)
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Author | Topic: CMKX II new Thread. Get it while you CAN ! |
Stock_student Member |
posted June 09, 2004 03:24
HI earth shaker and everyone else.. i Have kinda very stupid question... I dont know much about stocks DD but i bought cmkm last year when it was 0.0001 about 2 million stocks..my question is if that stock goes over lets say 0.03 cents and they do the reverse split or naked shortening?(i dont know wut that means though) does it mean that my 2 million share will become 2000 shares...like they did in afrr/afrt??? would tht 2000 shares will have any value ?? can you or any please clear that for me ..thanks a bunch to everyone and good luck to everyone hope we all become millionaire.. IP: Logged |
Earth_Shaker Member |
posted June 09, 2004 06:15
Not to worry Sterling has asured US there would NOT be a Reverse Split. But In case a Company were to do a Reverse Split SAY 1000 to 1 then 2 million SHARES would become 2000 SHARES. But those 2000 shares would still have the same Total VALUE as the 2 million shares once did. EXAMPLE : 2,000,000 at .0001 each Either way the Total value would be $200 And although Reverse Splits Do not Hurt THE TOTAL VALUE it is still looked upon in a NEGATIVE light. Thus causing the PPS to move DOWNWARD. Hope that helps. Good Luck !!! REMEMBER : CMKX ROCKS !!!! Earth_Man IP: Logged |
Earth_Shaker Member |
posted June 09, 2004 06:24
quote: Realistically CMKX Has a Very Excellent chance to reach 25 Cents per share if and when they provide proof that the Diamonds are THERE. $1.00 is probably a DREAM price. It could probably reach that high If MORE and MORE shares are RETIRED by Urban C. But then again LOOK at SIRI (Sirius Satelite Radio) they are TRADING at $3.15 per share. They have 1.2 billion Outstanding Shares. And they Are losing money NOT PROFITABLE. Nor will SIRI be PROFITABLE for years to come. SO I THINK ANYTHING IS POSSIBLE especially WITH PENNIES! CMKX ROCKS !!!! Earth_Man IP: Logged |
Earth_Shaker Member |
posted June 09, 2004 06:41
By: stervc 07 Jun 2004, 08:18 AM EDT Msg. 14657 of 16649 Jump to msg. # CMKX v.s. MMs – Pick Your Poison… The news this past Thu and Fri (3 & 4 Jun) marked the genesis of the new CMKX era. Many thanks to Urban, Melvin, and the rest of the CMKX TEAM! Those recent PRs show that Urban cares about shareholders and all! Each of the PRs was powerful news that he could have kept unknown from us shareholders for longer times. This is his way of saying "trust me; I am in your corner." Before we begin, understand that when we say “Market Makers (MMs)” we could very well be referring to whoever their clients might be who have bought naked shorted shares through the MMs. So don’t always think that it’s automatically the big bad MM scenario. We still got to have some MMs on our side to do what we are about to do. Not all MMs are bad for a stock. What Urban is presenting to the MMs are two choices for covering. It's kind of like telling them to pick their poison. A serious force of reckoning must execute to the benefit of us shareholders. Let's observe. Option A This is where the MMs will come in. I believe that Urban knows that there is a 1 trillion share short because he helped to create it. Remember when I was saying that people should not be asking… Who is selling? Instead people should have been asking… Who is buying! This means that as a show of confidence, he continued buying shares in his company, probably at .0001 cent, as long as the MMs had allowed such. This means that he is holding a huge amount of shares that he will use as leverage. He can disseminate the shares into the market to force the MMs to cover at much higher prices as they will need many shares or he can retire the shares to where they cease to exist if they cooperate and cover to maintain a bid of $3.00 for 30 days. For a better understanding on the thoughts of retiring shares, read the link below: http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=228 If things don’t go as planned for the MMs covering CMKX to maintain a bid of $3.00 for 30 days, then Urban will execute the next option below: Option B Under this scenario, I would guess to say that the OS is no higher than 10 billion shares. What this means is that it would cost CMKX $10 billion to take the company private. Actually less considering that you as the company own a good portion of that OS. Read the link below to understand the costs involved: http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=14635 The news released on 3 Jun 04 was one to indicate that they have huge results from the aerial survey and drilling samples. I am expecting to see a huge announcement of some valuation in the $$ billions. It was also stating that we know the amount of our outstanding share (OS) structure and it will be impressive. The first news released on 4 Jun 04 is one that states that we are planning on going to an exchange (possibly higher than the OTCBB) because obtaining and retaining a large New York securities law firm such as Edwards & Angell to represent your interests is not really necessary for just going to the OTCBB. I confirmed this with the OTC Compliant Unit of NASD at 240-386-5100. (I didn’t doubt you Frank, but I had to hear it from some official regulatory authority before posting this. All is well!) This is another subliminal hint to the MMs because they will now know that they will no doubt have to cover if CMKX is serious about going to any of the higher exchanges such as the NASDAQ, AMEX, or NYSE.
To combat this and to keep from allowing the MMs to keep the price suppressed, I am expecting a dividend to be announced with an execution date out in the future that would make shareholders go long with CMKX to receive the dividend. This would be a stock dividend. The tender offer of $1.00 that I had used in the “Perfect Storm” Scenario below is very conservative: http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=6425 Keep in mind also, to make sure we are not jumping the gun about going to one of the major markets, Urban and CMKX could have retained a large New York securities law firm to help combat the 1 trillion short and to represent its interests to provide legitimacy of their audits because of how high the numbers will be for value, but with the intentions of going to the OTCBB. This would fall in line more so with Urban wanting to “no doubt” go private and moving from the pinks to the OTCBB would change the entire perception of CMKX. People would trade CMKX as if they were on the NASDAQ if they showed the financials to justify such. This aligns better to the thoughts of going private to deliver the final blow to the MMs or the guilty party that have shorted them. I am expecting major investors will be joining in daily for the next few weeks as more are made known of the existence of CMKX and more news of substance is released. Thanks to Urban, CMXK should make many enjoy prosperity for years to come! All is well! http://www.sterlingsclass.com/ ;-) IP: Logged |
Bigrod40 Member |
posted June 09, 2004 06:41
Here is something to think about. What about a DeBEERS buy out?? They are not to fond of competition. Now that they have partnered with Tahera anything is possible, I think they will eventually buy out Tahera maybe CMKX. MO IP: Logged |
TruthTeller Member |
posted June 09, 2004 08:30
I got in Monday at 0006. GLTA IP: Logged |
Booty Quest Member |
posted June 09, 2004 09:00
It's funny how people get attached to a thread. Every single time someone wants to start a new one people go nutz! I don't care if we have two, but this one is a lot less overwhelming for a newcomer to this stock. And Earth did such nice work to get it up to speed. We're all the same team here - Team Wallet! IP: Logged |
will Member |
posted June 09, 2004 09:02
Not only that, it isn't cluttered with irrelevent posts. There's substance here. If a new investor/member happened by he would hopefully be impressed and we'd have another buyer(s). Buyers will be very important to us some day. quote: IP: Logged |
Booty Quest Member |
posted June 09, 2004 09:13
ASK 9X0009 6X0010 1X0011 BID IP: Logged |
pharmdman Member |
posted June 09, 2004 09:14
Any predictions for today? what are the chances of nabbing more at .0006 or .0007? IP: Logged |
Meshoe45 Member |
posted June 09, 2004 09:15
quote: SLIM to NONE What are the chances of nabbing .001+ IP: Logged |
Forrestgump Member |
posted June 09, 2004 09:16
Copy from RB, I like this one: CMKX and the "QBID effect": I, and many other traders like me, have over the past few months been involved in the QBID run. It is still not over and is already regarded as one of the greatest stock runs in history. From .0001 to .0130 today is 13,000 % in just 4 months no matter how you look at it. The feeling that many of us have is that the mistakes we made with QBID will NOT be repeated with CMKX. Here are the lessons I've learned: Mistake #1: Not buying enough shares at .0001. With QBID I only put in $200 at .0001 so now I only have $26,000 (!) Recognizing my mistake, I put $2000 into CMKX at .0001 so now we're talking real money when we hit the penny range. Mistake number 2: trying to swing the trade. At .0020 I swung 1/4 of my shares on a pullback and managed to buy it back at .0018. Made a whopping $86 and I sweated bullets the whole time, afraid that I wouldn't get back in before it continued running. This time, when I sell a small fraction of my holdings, it will be for good and it won't be anywhere near where we are now. Nothing below a penny for me. Mistake #3: Not trusting my due diligence and intuition. With QBID I saw the huge volume increase preceeding the move up from .0001 in late January and early February and hesitated. I could have easily put in a couple of thousand on more than one occasion but didn't. With CMKX I have been quietly accumulating for 5 months with profit from other trades. All of my reading, analysis and intuition are telling me that CMKX is on the verge of making business history. The hiring of Edwards and Angells law firm and moving to the OTCBB confirms it. I made my final and largest buy last week at .0002 and now the ship is blasting off on schedule. Perhaps Urban's goal of "a million millionaires" is not so far off the mark. Note: this attitude and strategy does not apply to my "normal" pennystock trading. These two are NOT ordinary trades. CMKX and QBID are the most special of cases and stand the best chance of making it out of the Pinksheet quagmire of all the stocks I have seen. My point is that I know that hundreds, maybe thousands of other traders are likewise prepared for this run with unusual, steely eyed resolve, and will not be shaken out so easily via market Maker manipulations. I think the MM's are scratching their heads on this one, not quite understanding how to handle this new breed of unshakable trader. We won't settle for "small" profits on this one. This is the Mother of all Perfect Storms and it has the MM's shaking in their boots. Hang in there, spread the word about CMKX, and we will be a part of history. Good luck all! Koiman IP: Logged |
TruthTeller Member |
posted June 09, 2004 09:17
SLIM to HIGH..
quote: IP: Logged |
cool1sh Member |
posted June 09, 2004 09:21
CMKX 1 and CMKX 2 threads are competing for the top spot.. GLTA IP: Logged |
pharmdman Member |
posted June 09, 2004 09:23
L2 anyone? (thanks!) IP: Logged |
Doji say what!! Member |
posted June 09, 2004 09:24
jeff just went strong on the bid we could have a little pop? mayyyyybeeeeee IP: Logged |
Booty Quest Member |
posted June 09, 2004 09:26
ASK 9X0009 6X0010 1X0011 BID IP: Logged |
Vswan Member |
posted June 09, 2004 09:33
Earthshaker , Where did you get that post, CMKX v.s. MMs – Pick Your Poison… and who wrote it ? it seems like a wet dreams to me, as much as I would love to see that all happen I'm afriad I'd have to wake up. Wow, thats some wild stuff, I'd like to see that ball Start to roll IP: Logged |
GatorMan Member |
posted June 09, 2004 09:36
quote:
------------------ IP: Logged |
Vswan Member |
posted June 09, 2004 09:45
Thanks GatorMan, Im an over optimist I buy in to it all and every rumor, But that one I have to say is a bit beyond the extra ordinary closer to science fiction. IP: Logged |
Leardron Member |
posted June 09, 2004 09:46
What's the level II? I keep seeing .0007 slip in there every once in a while. IP: Logged |
JayT Member |
posted June 09, 2004 10:00
hmmmmmmm someone messed up .0081 for a while there, quick sell @.007 didn't fill..LoL IP: Logged |
WWJD-thru-me Member |
posted June 09, 2004 10:04
Earth Shaker-If you have available cash you can open an online account at Etrade or Ameritrade-go to the bank and wire them the money and with Ameritrade you can buy CMKX today. I know because I told my friends to open accounts at both and send money to both and Ameritrade had the money credited much faster. You could be buying by 2PM if you step on it. It has to be wired since this stock is a pink. -Debi --------------------------------------------- As far as the share price goes-there are at least 2 camps of shareholders-the momentum players who see the price moving and jump in and make some money and the people who after extensive DD believe the short share situation is just as speculated-look at how the price doesn't budge with demand in the Billions and tell me it isn't artificially held down. That the change of transfer agents and audit to be completed shortly is significant and will result in a necessary cover of the short shares. Believe that the 4 mining companies who have given this company cash did so for a monetary reason (not out of kindness or sympathy) based on knowledge of the value of the kimberlite fields or diamonds that were visible in the core sample or from results already back and shared with them via non disclosure agreements. Believe the caliber of company and lawyer brought on is indicative of the quality this company plans to be in the near term. I am in this group-I have 17+ M shares and will not be selling a morsel till .005 and plan on selling 20% between .04-.11 unless the share count, naked short situation is revealed, core sample results and final share structure including any partnership deals or buyout offers. I think it is a bargain till .01 but you may get in if the price is still held artifically down. I will be buying more if it dips and so will the scores of holders who see things this way. IMO-DD-GLTA-Debi IP: Logged |
makemoney3 Member |
posted June 09, 2004 10:12
Guys,lets push this over .001 and go forward. Wave a wand and let it happen!!! IP: Logged |
Smctbone Member |
posted June 09, 2004 10:14
quote: Great idea! Could you wave a hand over the buy button for 0.001?? pleeease IP: Logged |
HitMe101 Member |
posted June 09, 2004 10:17
7's will go thru,just seems to take alot longer. IP: Logged |
KostaVan Member |
posted June 09, 2004 10:21
Hey, Does anyone have the current LVL II? Thank you! IP: Logged |
sneaker68 Member |
posted June 09, 2004 10:23
Slow day...only 1.6 billion so far . IP: Logged |
Leardron Member |
posted June 09, 2004 10:46
Level II anyone?? IP: Logged |
Booty Quest Member |
posted June 09, 2004 10:58
ASK 7X0008 7X0009 3X0010 BID [This message has been edited by Booty Quest (edited June 09, 2004).] IP: Logged |
GREGDOGG Member |
posted June 09, 2004 11:13
Hey Booty, are you guys gonna play SRCI ??? Might be the last decent one to get in at .0001 IP: Logged |
makemoney3 Member |
posted June 09, 2004 11:14
Think its worth it??? IP: Logged |
Booty Quest Member |
posted June 09, 2004 11:15
quote: Thanks, I'll take a look. IP: Logged |
Leardron Member |
posted June 09, 2004 11:19
okay, I just signed up to get level IIs for pink sheets and man is this crap. The MMs are holding this thing down! There are 7 MMs @.0008 and they each only have a freak'n lot size of 1 (total lot size of 7). Right above that at .0009 there are 7 MMs with a total lot size of over 1 Million (1030000). Now you tell me that isn't bull crap! IP: Logged |
WWJD-thru-me Member |
posted June 09, 2004 11:19
Forestgump wrote: Copy from RB, I like this one: CMKX and the "QBID effect": I, and many other traders like me, have over the past few months been involved in the QBID run. It is still not over and is already regarded as one of the greatest stock runs in history. From .0001 to .0130 today is 13,000 % in just 4 months no matter how you look at it. The feeling that many of us have is that the mistakes we made with QBID will NOT be repeated with CMKX. Here are the lessons I've learned: Mistake #1: Not buying enough shares at .0001. With QBID I only put in $200 at .0001 so now I only have $26,000 (!) Recognizing my mistake, I put $2000 into CMKX at .0001 so now we're talking real money when we hit the penny range. Mistake number 2: trying to swing the trade. At .0020 I swung 1/4 of my shares on a pullback and managed to buy it back at .0018. Made a whopping $86 and I sweated bullets the whole time, afraid that I wouldn't get back in before it continued running. This time, when I sell a small fraction of my holdings, it will be for good and it won't be anywhere near where we are now. Nothing below a penny for me. Mistake #3: Not trusting my due diligence and intuition. With QBID I saw the huge volume increase preceeding the move up from .0001 in late January and early February and hesitated. I could have easily put in a couple of thousand on more than one occasion but didn't. With CMKX I have been quietly accumulating for 5 months with profit from other trades. All of my reading, analysis and intuition are telling me that CMKX is on the verge of making business history. The hiring of Edwards and Angells law firm and moving to the OTCBB confirms it. I made my final and largest buy last week at .0002 and now the ship is blasting off on schedule. Perhaps Urban's goal of "a million millionaires" is not so far off the mark. Note: this attitude and strategy does not apply to my "normal" pennystock trading. These two are NOT ordinary trades. CMKX and QBID are the most special of cases and stand the best chance of making it out of the Pinksheet quagmire of all the stocks I have seen. My point is that I know that hundreds, maybe thousands of other traders are likewise prepared for this run with unusual, steely eyed resolve, and will not be shaken out so easily via market Maker manipulations. I think the MM's are scratching their heads on this one, not quite understanding how to handle this new breed of unshakable trader. We won't settle for "small" profits on this one. This is the Mother of all Perfect Storms and it has the MM's shaking in their boots. Hang in there, spread the word about CMKX, and we will be a part of history. Good luck all! Koiman IP: Logged |
VNGNTN1 Member |
posted June 09, 2004 11:20
ES Re: reverse split This is true for most, but IF there is hidden(no PR yet for the market to process)The reverse split would cause to price to trade on higher exchanges & attract Institutional investors driving price higher. This is my bet on this one. VAN IP: Logged |
VNGNTN1 Member |
posted June 09, 2004 11:24
I own a mining company WHT recently in the news you will notice several companys trying for take over. SUPPOSE The RUMOR was correct a month ago abouit possible value. GOLD DIAMONDS ZINC(already documented) + other(can't remember) You might have several company string to get this. I think this is why I SHARES is show 12% institutional last month. VAN IP: Logged |
JBCak47 Member |
posted June 09, 2004 11:27
Is it good? YES, YES YES! Okay Yesterday I bought into cmkx with a whopping 160k shares. My money became available within the last 15 minutes and I bought easily at .0009 however I only bought with one half of my funds. I have a buy order in today at .0007 hoping to average down my price. Im going to try to acquire upto 500k shares. Unfortantly I am totally tapped out between QBID, IBZT, USCI and now CMKX. I bought into IBZT at .042 and its at .012 ! YIKES! Another $200 would really help average down that price too. I am not looking for 1 dollar however I do see .01 - .05 short-term, provided there are diamonds. -John IP: Logged |
pharmdman Member |
posted June 09, 2004 11:36
quote: very little movement... may not be able to get out once you're in.. IP: Logged |
GREGDOGG Member |
posted June 09, 2004 11:41
HAHAHA, People said that about CMKX too...LOL IP: Logged |
pharmdman Member |
posted June 09, 2004 11:47
quote: there has only been one trade in 25 minutes.. only 13 mil for the day... I must admit that I really haven't followed this one since it was PCBM IP: Logged |
GREGDOGG Member |
posted June 09, 2004 11:53
All it needs is news.... JMOT IP: Logged |
pharmdman Member |
posted June 09, 2004 11:55
quote: True, but they wouldn't exactly be announcing diamonds! IP: Logged |
wboo Member |
posted June 09, 2004 12:00
I put in a limit order for 100,000 @ 0.0006 Does anyone think I still can get in? IP: Logged |
GREGDOGG Member |
posted June 09, 2004 12:01
LOL, True, but when they were PCBM there was talk of a media company or real-estate something or other.... I can't remeber....LOL Just another lotto ticket for me.... IP: Logged |
makemoney3 Member |
posted June 09, 2004 12:02
Wboo, I would doubt it at that price. May try .0007 but that's not going to be easy either!!! At least for now... IP: Logged |
Az...Cats Member |
posted June 09, 2004 12:02
Not at that price. Try .001 and buy as many shares as possible. IP: Logged |
pharmdman Member |
posted June 09, 2004 12:05
quote: .0007 seems to be going thru... eventually... worth a try though... IP: Logged |
pharmdman Member |
posted June 09, 2004 12:08
quote: I managed to play the .0001-.0002 bounce 3 times when it was PCBM, ... although another $100 lottery ticket may not be a bad idea... fyi, still no more trades since the one i saw at 11:19am IP: Logged |
Doji say what!! Member |
posted June 09, 2004 12:10
VOLUME: 2,957,044,091 SUBJECT TO CHANGE! IP: Logged |
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