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Micro Penny Stocks, Penny Stocks Under $0.10 CMKX IV New Thread....GOT IT - HOLDIN' IT (Page 15)
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Author | Topic: CMKX IV New Thread....GOT IT - HOLDIN' IT |
FJEAN2 Member |
posted July 21, 2004 14:51
quote: why such a high volume? 5.2 billion would be the highest i've seen CMKX traded since that fake pr last month. ------------------ IP: Logged |
Money_Penny Member |
posted July 21, 2004 14:54
Paul, you seem to know Darren so perhaps it might be in order to "vouch" for Darren being a trustworthy person in case some people feel uneasy about sending money to a stranger. IP: Logged |
Wallace#1 Member |
posted July 21, 2004 14:57
HH - You could be right. If all the claims could produce (something we do not know), then, what you say would make sense. On the other hand if any, some or all are determined to be non-productive, then UC/CMKX would have valueless claims which neither UCAD nor anyone else would be interested in. MP - My interpretation of that release is that UCAD was buying the rights to those claims from CMKX. Once the deal was/is consumated, the only thing CMKX would get is the 7.5 mil shs. It may be that I am wrong as well. IP: Logged |
Money_Penny Member |
posted July 21, 2004 14:57
FJEAN, I am not an expert on trade volume (in fact I was asking silly questions about it this morning ) but I would suspect that there is a lot of shuffling going on between MMs. Of course, we have had two positive PRs in a row so I would suspect a lot of buying to take place as well. IP: Logged |
VNGNTN1 Member |
posted July 21, 2004 15:15
MP Thanks for bumping "MELVIN DONATION" Based on list of "messages(I have not yet < but I am not good at such things) if everyone donated $100 it would be comforting rescource for Melvin. VAN IP: Logged |
Justhis1ce Member |
posted July 21, 2004 15:30
quote: How do I get both the transfer agent and (?)DTC to get shares in my name. Is it conceivable that I may not enjoy dividends if the shares are "street" designated? IP: Logged |
Brad Member |
posted July 21, 2004 15:38
quote:
IP: Logged |
JBCak47 Member |
posted July 21, 2004 15:40
Money_Penny Hahaha that is great! Next week I will put in at least one hundred dollars, probably more like two hundred. At these levels every dollar adds up. I saw this with IBZT, I experinced this with Qbid (I got in at .0018). Even twenty dollars here or there will add up in shares. I love it! Healthy competition my friends Pharm... CMKX sports a race car. Q-Television sports 'Q-Mobiles'.... What about a Q-Tv Race car... seriously... lol... Maybe that would be too risque'. The Wiener mobile, v-12 engine... Nitro! ============================================= IP: Logged |
darrenbaker Member |
posted July 21, 2004 15:42
quote: http://helpmelvinswife.net [This message has been edited by darrenbaker (edited July 21, 2004).] IP: Logged |
f15crew Member |
posted July 21, 2004 15:56
I called Ameritrade today about transfering funds. If you go to "Account Services" you can set up Electronic funding for your Ameritrade account. It takes anywhere from 3 days to 2 weeks. You put in your bank account number and Ameritrade deposits 2 small amounts into your account. You contact your bank to get the amounts and then go back into Ameritrade to verify. After that, you can have instant transfers from your bank that costs you nothing. Hope this helps some. Randy IP: Logged |
Money_Penny Member |
posted July 21, 2004 16:18
quote: Randy, Important note: Ameritrade will put a 5-trading day hold on the funds received if you are purchasing pinks!!! 5 days is an eternity if your stock is going up. I found out the hard way. IP: Logged |
Brad Member |
posted July 21, 2004 16:29
quote: You can have electronic transfers made to your Ameritrade from your bank account indeed. But the transfers aren't "instant" if you're trying to trade non-marginable securities. Ameritrade puts a 5 business day hold on the funds. However, you can trade marginable securities instantly. The only way to transfer funds and trade non-marginable securities with those funds "instantly" is to have the funds wired from your bank. Hope this helps. IP: Logged |
VNGNTN1 Member |
posted July 21, 2004 16:33
I receive a news alert at YAHOO from UCAD that spins the CMKM deal a little different.Can someone figure out out to get that to this board so I can comment ? What I read was different from last PR VAN PS Who is Nevada minerals???UCAD claims purchased 20% on thier claims.Is cmkm somehow involoved ? [This message has been edited by VNGNTN1 (edited July 21, 2004).] [This message has been edited by VNGNTN1 (edited July 21, 2004).] IP: Logged |
finky4x2 Member |
posted July 21, 2004 16:34
Topic: You Guys....Read this....Re:Sterling (Read 884 times) Canuck God of Diamonds
Posts: 862 -------------------------------------------------------------------------------- This is not rocket science although Sterling would like people to think it is. Let’s say there are 500 cars for sale from Casavant Cars. 500 people come into the store to buy a car. The dealer (JEFF car sales) sells each one of them a car. Later that day, 200 more people come in to buy cars. He has no cars, but writes up a sale and takes their money. Now at some point he has to deliver these 200 (shorted) cars. On paper, all 700 people own a car. 500 people actually have cars, 200 think they have cars. Everyone is happy. The dealer has made a ton of free money. Now, what the JEFF the dealer is counting on is that by the time any people from the block of 200 buyers come in to pick up their car, some of the original block of 500 would have sold the car back to JEFF the dealer at a lower price. Then he can take these cars and give them to the second block of people who has come in to get their cars. Suddenly Casavant Cars informs all Casavant car owners that they will be receiving a free UCAD toaster for their loyalty and to pick them up at the JEFF’s dealership on Aug 20. Now JEFF the dealer is screwed because he has sold 700 cars. 700 people are coming to get their toasters. So he either has to convince 200 of the owners to sell him their cars before Aug 20, or he has to get 200 more toasters from somewhere. So what will the dealer do? Whatever is cheaper. Let says buying the cars back it cheaper. First he is not going to make a big deal out of the toasters because ideally he would like to buy the cars back to get his books in order. So he does what he can to convince people to sell him the cars back. If it appears that nobody is selling their cars, he will have to offer more money to convince them to sell. He will have to keep jacking up what price he is willing to buy at until he can convince 200 people out of the 700 to sell their cars. Now let say he has managed to convince (or scared) 100 people to sell their cars. But he still needs 100 more cars or has to buy 100 UCAD toasters out of his pocket. At some point JEFF the dealer may realize it is cheaper to buy 100 more UCAD toasters to give to the people, rather than paying a premium for 100 cars. So he will buy 100 UCAD toasters to cover his shorted cars. Now he is thinking “whew, that was close.” However, he still has 100 cars that he can not deliver on. But then, Casavant cars announce that they are providing another loyalty reward to car owners. Casavant cars have manufactured 500 special CIM car stereos for all their car owners, and to pick these up at JEFF dealership on Aug 30. Now the dealer is screwed because 600 people are going to show up to get their new CIM stereos and he only has 500, *and* the dealer can not buy extra stereos from anywhere. So the only way to stay out of jail is to do *whatever* it takes to get 100 more people to sell their cars. I hope this makes sense. Ignore Sterling’s weird theories and ramblings. It is not rocket science, it’s simple math. (No disrespect Sterling, but give me a break.) His double cover theory is ridiculous. JMO. -------------------------------------------------------------------------------- IP: Logged |
Upside Member |
posted July 21, 2004 16:40
Cars, toasters, double shorts, UCAD, CIM, Funny cars, etc. Isn't the simplest theory that the company has issued 400 to 500 billion shares and is basically worthless? IP: Logged |
VNGNTN1 Member |
posted July 21, 2004 16:48
UPSIDE BOY Isn't that true sure glad most 99% of my money is in "real" stock. Actually they are not doing well of late ,but that $300a a month dividend keeps me going. VAN IP: Logged |
Money_Penny Member |
posted July 21, 2004 16:50
Wow, I like the analogy with the cars, toasters and car stereos! Makes perfect sense, but does it relate 100% to the real world? I mean people don't invest in cars and expect a return when they sell them 5 years down the road (unless they're oldtimers). Thoughts? IP: Logged |
Upside Member |
posted July 21, 2004 16:54
originally posted by Van: quote: You and me both Van. But, the little bit of our assets we have in the pennys are unquestionably the most entertaining! IP: Logged |
Money_Penny Member |
posted July 21, 2004 16:54
Van, this one? ------------------------------- July 21, 2004 04:42 PM US Eastern Timezone U.S. Canadian Minerals Inc. Announces Its Subsidiary, Juina Mining Corp., Has Received the First Delivery of Processed Gold from the Yellow River Gold Mine LAS VEGAS--(BUSINESS WIRE)--July 21, 2004--U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced today that its subsidiary, Juina Mining Corp. (Pink Sheets: GEMM), has received its first delivery of processed gold from the Yellow River Gold Mine. Juina will continue to process at Yellow River and update and expand its current facilities.
Rendal Williams, CEO of U.S. Canadian Minerals, commented, "We are extremely excited that we have received this first gold shipment and believe this is indicative that deliveries will continue on a regular basis." Further details relative to this project, and other potential upcoming projects, will be forthcoming in future press releases and at http://uscanadianminerals.com; http://www.juinamining.com/; http://yellowriver.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. IP: Logged |
bill1352 Member |
posted July 21, 2004 16:57
i had excepted the idea the other day the this deal with UCAD was worth 510 million because of the days pps x the number of shares but after further thought i think this is wrong...true the pps of the day was 3.40 but the date the shares will be recorded as transfered is the real value of the deal unless UCAD issued the shares to cmkx that day...i've seen this before as i'm sure others have...company a is buying company b for x number of shares valued as of x date a week or 2 in the future... what i'm saying is that to try and put a value because of this deal on cmkx you need the pps of ucad on the 20th of aug....it could be $2..it could be $20...we dont know yet IP: Logged |
Brad Member |
posted July 21, 2004 17:06
Ok folks, bear with me for a second. As much as I'd like to see this stock go through the roof (8 mil shares I'm holding) I try to keep my feet on the ground with all the hype. I'll admit, I've been sitting around dreaming about putting in my 2 week's notice at work and starting to build my new house. But don't you think the MM's have been in this situation before? These aren't a couple of guys sitting in their apartments making these decisions to naked short a stock. These are huge firms. The decision to naked short a stock has to be somewhat calculated and certainly a method of recovering should the stock go up is equally as calculated. I'm just saying, these guys do this for a living. Do we honestly think they're up at night worried about what they're going to do by Aug 20th? Maybe. I have no idea. Or do they know exactly how they can recover the naked shares without causing them huge losses. I mean, c'mon, if anyone says that TENS OF BILLIONS of dollars (or more) in losses for these guys is simply chump change, you simply can't be serious. That's a big friggen deal no matter how big your company is. I don't know that I totally buy into Sterling's theory of Double Covering the shorts but isn't it possible that some shuffling game is going on just the same that is allowing the MM's to retire shares without taking the big hit? We already know they're playing games just by looking at the trading activity everyday. The question is, do we really understand the game? I just come from the background that says, if it sounds too good to be true, it probably is. I've always lived that way. It doesn't mean I don't take my chances sometimes hoping for the big one. Hey I buy lottery tickets too. And I've read probably every single post on 4 different boards for the past 6 weeks so I have a pretty good idea of all the theories. All of them. (At least all of them people have posted:-) ) My gut just keeps telling me to lean more towards the "too good to be true" scenario so that I won't be disappointed in the end. With that being said, I don't intend to sell my shares off early and I hope that every last shareholder can hold on as long as well. I just needed to get that off my chest and would welcome comments from the rest of you. Maybe it just comes down to faith all of you have. That's OK too. IP: Logged |
Money_Penny Member |
posted July 21, 2004 17:11
Van, I think this is what you were taking about. There is too much text to paste in here but the important sections are: --------------------------------------- ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. The Company purchased 5% of all current and future claim holdings and mineral interests of CMKM Diamonds in exchange for 7.5 million shares of common stock of U. S. Canadian. In addition, the Company acquired an option to purchase an additional 10% of such interests for $15,000,000. The Claims are located mostly in Sasketchewan Canada. The Company also purchased an additional 20% of the Saskatechewan claims held by Nevada Minerals, Inc. with whom the Company has a Joint Venture Agreement. ----------------------------------------- and (from another board) ------------------------------------------- "The shares exchanged hereunder shall be newly issued restricted shares under Rule 144 with a holding period of at least one year from the date of their issuance by UCAD and shall not have the holding period thereunder shortened by means of a dividend." 2. Transaction as of July 19 "Place and Time. The closing of the sale and purchase of the Assets (the Closing) shall take place at the offices of U. S. Canadian no later than the close of business on July 19, 2004, or at such other place, date and time as the parties may agree in writing. " "Deliveries by Buyer. At the Closing, Buyer shall deliver the following to Seller: (a) The shares as contemplated by section 1. " ------------------------------------------- Get out the scalpels and go to work you animals!!! IP: Logged |
bill1352 Member |
posted July 21, 2004 17:19
that seems to support what i was thinking MP..do you agree..today the value of cmkx would be 7.5 million X $4.75 = 35,625,000 X 20 = 712,500,000. not the 521,000,000 being used the other day and then who know what ucad's pps will be on the 19th IP: Logged |
Upside Member |
posted July 21, 2004 17:22
Here's a link to the full blown Rule 144: http://www.sec.gov/about/forms/rule144.pdf and here is the synopsis of it: Rule 144: Selling Restricted and Control Securities What Are Restricted and Control Securities? Control securities are those held by an affiliate of the issuing company. An affiliate is a person, such as a director or large shareholder, in a relationship of control with the issuer. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise. If you buy securities from a controlling person or "affiliate," you take restricted securities, even if they were not restricted in the affiliate's hands. If you acquire restricted securities, you almost always will receive a certificate stamped with a "restricted" legend. The legend indicates that the securities may not be resold in the marketplace unless they are registered with the SEC or are exempt from the registration requirements. The certificates of control securities are usually not stamped with a legend. What Are the Conditions of Rule 144? Holding Period. Before you may sell restricted securities in the marketplace, you must hold them for at least one year. The one-year period holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But an affiliate's resale is subject to the other conditions of the rule.
If you are not an affiliate of the issuer and have held restricted securities for two years, you can sell them without regard to the above conditions. Can the Securities Be Sold Publicly If the Conditions of Rule 144 Have Been Met? To begin the process, an investor should contact the company that issued the securities, or the transfer agent of the company's securities, to ask about the procedures for removing a legend. Since removing the legend can be a complicated process, if you're considering buying or selling a restricted security, it would be wise for you to consult an attorney who specializes in securities law. What If a Dispute Arises Over Whether I Can Remove the Legend?
IP: Logged |
bill1352 Member |
posted July 21, 2004 17:25
the way ucads pps is moving it could bring the final cost of 7.5 million shares of ucad to 1 billion and using the idea that the final cost of this deal puts a set value on cmkx's claims and using the highest o/s idea which is 400 billion our pps should be .0025...this wouldn't even take ucad's pps to its 52 week high IP: Logged |
richnessforeveryon2 New Member |
posted July 21, 2004 17:31
Wallace I thanks for your support Yes I was baned for the second time but no problem here I can came back as so often I want til richnessforeveyon123456789....(do you hear noah my friend ?????) I will answer here a few questions I see on the board which was for me... I was a shareholder with 20M in the past and sold for a nice profit in the hype a few weeks ago...... Yes I follow still CMKX (til for one two weeks) like all serious trader follow a stock he sold for learn from him and for see if he was right in selling........ Wallace now is time for me to leave this board where people talk about ladies like a merchandise and where other disavow their European origins I was never in the US and if you the US young people think so about women and people I'm glad to live here in europe and I'm very proud to have a french/italian origin (yes people no dutch). Respect in women which give rise to the children is the more important in live... THE WOMEN ARE NOT GOODS You have a lot to learn from the French and the Italien (the best lovers in the world...lol) Wallace i think its time for us to leave this people and to let them alone here...... Thanks again for your support.... IP: Logged |
bill1352 Member |
posted July 21, 2004 17:32
where is the idea of the ucad shares being restricted coming from? i don't see anything in the pr like that. did i miss something? IP: Logged |
VNGNTN1 Member |
posted July 21, 2004 17:33
MP Yesthat's the one. Seems that may be the best reason UCAD is moving?? UPSIDE This looks like something to pursue are we not very close to 1 yaer on CIM ? VAN IP: Logged |
bill1352 Member |
posted July 21, 2004 17:35
good luck to ya richness i hope you find what your looking for IP: Logged |
Upside Member |
posted July 21, 2004 17:35
Bill, This is from UCAD's p/r today.
quote: I think it means that CMKX cannot distribute them for at least one year although I'm not sure of this. [This message has been edited by Upside (edited July 21, 2004).] IP: Logged |
bill1352 Member |
posted July 21, 2004 17:37
i think your right upside...i think it also changes the value of the deal and thus the set value of our stocks IP: Logged |
HarryHar Member |
posted July 21, 2004 17:38
Brad I think you're right. The MM's are not sweating and losing sleep. Maybe a little sleep, but not a whole lot. I still believe that: 1. they can create more naked shorts in the meantime before aug20 and manipulate the ask/bid to make more profits from naked short selling this stock 2. with the money they can make from more naked short selling, they can reduce the financial hit their companies will take 3. possibly walk away aug20 with a profit after covering all their naked shorts Now, for all these to happen, they would have to run the price up to a point where people think that it has broken loose of the MM's. They sell their naked shorts out and pocket that money, at sells around .001 or maybe more. Then they could walk that price back down buy coming together and getting that bid/ask down to say .0004. At that point, they buy like crazy. That's money made for them. They can do this several times before Aug20, and still retire their naked shorts in the midst of making all that money. IMO this is how they will cover their butts. If the price doesn't ever run up between now and aug20 I have no idea how they're gonna get out of this thing...any thoughts? please? IP: Logged |
bill1352 Member |
posted July 21, 2004 17:39
hmmm...i dont have that pr in my msn money chart for ucad...only one for today is about the gold shipment IP: Logged |
casico Member |
posted July 21, 2004 17:42
quote: Lets see what have the Euro trash brought to America...Hmmm Slavery, disease( small pox) IP: Logged |
bill1352 Member |
posted July 21, 2004 17:42
if it doesn't run up there is nothing to cover and the pps is because the o/s is 400 billion. its the only explaination possible then IP: Logged |
Upside Member |
posted July 21, 2004 17:49
Money_Penny, When I click on the link you provided to the UCAD p/r, I get a forbidden message. Can you try it again? IP: Logged |
bill1352 Member |
posted July 21, 2004 17:50
i cant find a pr with that info at stockwatch either. yahoo has this Form 8-K for U S CANADIAN MINERALS INC
21-Jul-2004 Change in Assets ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. IP: Logged |
bill1352 Member |
posted July 21, 2004 17:55
this looks as if they already gave cmkx the shares..thus the deals value would be for the pps of the 19th or $3.40 IP: Logged |
Money_Penny Member |
posted July 21, 2004 17:55
quote: Fixed it... no I didn't. Aaaaaarghh this is frustrating. OK do this. Go to pinksheets.com, search for UCAD, click on news, then click on second news story from top. This message has been edited 50 friggin' times.... [This message has been edited by Money_Penny (edited July 21, 2004).] [This message has been edited by Money_Penny (edited July 21, 2004).] [This message has been edited by Money_Penny (edited July 21, 2004).] IP: Logged |
Upside Member |
posted July 21, 2004 17:59
Here's a link to the filing on the SEC site: http://www.sec.gov/Archives/edgar/data/1104194/000123224704000032/0001232247-04-000032-index.htm IP: Logged |
Upside Member |
posted July 21, 2004 18:07
You struggling a bit Money? IP: Logged |
penny-trader Member |
posted July 21, 2004 18:09
still not working quote: IP: Logged |
Grasshopper Member |
posted July 21, 2004 18:09
Looks like this deal also gets UC (or whomever they pick) a spot on UCAD's board... (c) Seller shall have appointed and Buyer shall have properly accepted and added one member to the Buyers Board which shall have been chosen by Seller and whose term shall run until the next regularly scheduled Board election. IP: Logged |
bill1352 Member |
posted July 21, 2004 18:30
this might also mean that the shares are not distributed to us for 1 yr IP: Logged |
bill1352 Member |
posted July 21, 2004 18:38
the closing price of ucad on the 19th was 4.50 so the deal was worth $4.50 X 7.5mil = 33,750,000...thus this times 20 = 675,000,000 if you use the 400 billion o/s number you get a pps of .0017....i would say our pps is a bit undervalued IP: Logged |
shadow Member |
posted July 21, 2004 19:38
I contacted the office of the Secretary of state for Nevada to ask them some questions. They were very helpful and provided the information that they had on the company. They also pointed me to regulations that NRS 78.257 Right of Stockholders to inspect The upside is that I have requested specifically that information from Mr Glenn. - All of this speculation is mind numbing - Lets get some answers and determine how to IP: Logged |
Money_Penny Member |
posted July 21, 2004 19:46
quote: That would be too easy. I think they're gonna ask you how many shares you own and then they'll say no, you own less than 15%. IP: Logged |
highwaychild Member |
posted July 21, 2004 20:20
Shadow, It sure would be good in the know and I think you are on to something looking to D. Glenn man.Now he is in the know.But I doubt we'll find out much untill CIM starts to trade. Just my guess... everyone else has one. IP: Logged |
shadow Member |
posted July 21, 2004 21:10
Money The good thing is that I do not have to If they do not provide the information then There are many agencies being paid for by This year the IRS found a mistake on my return. They gave me an unexpected extra IP: Logged |
WorkAHolic Member |
posted July 21, 2004 21:14
I think we've been ignoring a big factor with this stock. The new buyers that are coming in from everyone talking about it. These individuals will buy legitimate 1mil-5mil shares each. This adds up and will eventually start to make itself known in the rising of the price. I repeat my previous statement that if shareholders are in this stock because it has been shortted, then they are in it for the wrong reason. I buy a stock for value,and right now, there appears to be a big return coming our way. All of this speculation makes us anxious and fretfull. We should sit back, wait for this thing to start paying big rewards. That's why we get into this thing,anyway. Unless you want a quick buck, and that's ok too, then keep the faith. Hold, hold, hold...buy if you're smart. Sell if you get scared, but don't forget your plan of attack when you got in. This in my humble opinon.. IP: Logged |
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