posted July 22, 2004 15:46            

quote:

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Originally posted by dimndlvr:
Please help me fellow investors... is this true what he has said? Was someone high ranking within the CMKM organization investigated for fraud before? Does this relate to our investment in any way? I can say that i'm sticking with it no matter what simply because its play money and this seems to be a solid possibility but my fellow investors locally are dying for answers... anyone know the truth?[/B]

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Send me your email address dimndlvr to brad333@swbell.net and I'll send you a link on this. I'd repost the link to the whole discussion about this but I'd just rather not see it all get re-hashed again. You can make up your own mind after reading it.

posted July 22, 2004 16:07            

quote:

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Originally posted by tradingpennys:
This sure does nail it that CMKM isn't doing anything -
2004 MAJOR PROJECTS INVENTORY http://www.ir.gov.sk.ca/ adx/asp/adxGetMedia.asp?DocID=2967,3087,2936,Documents&MediaID=6677&Filename=2004%20%28Master%20Copy%29%20Major%20Projects.pdf

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posted July 22, 2004 16:19            

quote:

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Originally posted by Brad:

It doesn't prove that at all. On the contrary, if you look at page 21, top line, it indicates that "Diamond Exploration" by "Multiple Companies" in "Forte a la Corne" are in "Phase 1". I'm assuming you just missed that while providing us with solid due diligence.

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posted July 22, 2004 16:23            

quote:

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Originally posted by tradingpennys:
Diamond Exploration is a COMPANY !!
Nothing to do with CMKM.

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posted July 22, 2004 16:24            

quote:

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Originally posted by tradingpennys:
Diamond Exploration is a COMPANY !!
Nothing to do with CMKM.

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NO it is NOT. it clearly states 'multiple companies' under the column 'company names' and 'diamond exploration' under the column 'project'

posted July 22, 2004 16:27            

quote:

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Originally posted by tic_toc:
NO it is NOT. it clearly states 'multiple companies' under the column 'company names' and 'diamond exploration' under the column 'project'

what is your game tradingpennys??

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posted July 22, 2004 16:38            

quote:

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Originally posted by tradingpennys:
Why don't you all do some research !! LOL

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posted July 22, 2004 16:43            

Thank you everyone.

Paul

[This message has been edited by PAUL (edited July 22, 2004).]

posted July 22, 2004 16:54            

quote:

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Originally posted by tradingpennys:
Muliple Companies mean the joint ventures that are with that COMPANY. Like I said - Do some research. Quit barking!

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I provide you with a page number and quoted items out of your document to prove you're comment is wrong and you respond by saying "do some research". You're losing your credibility with everyone reading this as long as you can't back up your DD. That's ok with me.

posted July 22, 2004 17:03            

quote:

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Originally posted by JBCak47:
...Where is Pharm today???

I bet 1 CMKX share he's in the hot tub... Eating Cheeze Whiz on Ritz crackers.
...

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LOL... Uh-oh! You're now minus 1 CMKX share!

posted July 22, 2004 17:14            

I provide you with a page number and quoted items out of your document to prove you're comment is wrong and you respond by saying "do some research". You're losing your credibility with everyone reading this as long as you can't back up your DD. That's ok with me.

posted July 22, 2004 17:16            

quote:

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Originally posted by Money_Penny:
Free PR alerts by email. I have been looking for this for a long time!
http://www.smallcapcenter.com/newsalerts.asp

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I been using them, fast fast delivery....

posted July 22, 2004 17:19            

quote:

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Originally posted by Money_Penny:
Free PR alerts by email. I have been looking for this for a long time!
http://www.smallcapcenter.com/newsalerts.asp

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posted July 22, 2004 17:57            

quote:

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Originally posted by KellieAnn:
I am all very new at all of this and i have a few stupid questions:
what does o/s stand for
what does mm stand for

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O/S = Outstanding Shares
MM = Market Makers

posted July 22, 2004 18:07            

O/S is Out standing Shares. When a company issues shares they authorize shares. Let's say 1 million as the A/S. Out of that they issue 50% or 500k shares That would be the O/S. Insiders retain 70% of those 500k shares or 350k, while the 'float' is 150k shares...

MM is Market Maker/Mover They are fund campanies, mutual,hedge, ect that create a market for the shares and fill the requested market orders. They are there to make money. NITE and JEFF as well as SWCB are some MM's that operate on penny stocks.

posted July 22, 2004 18:44            

"The Cannibals" Part I
by: tthhctws 07/21/04 08:10 pm
Msg: 250533 of 250545

There’s a new game in town and it’s just getting started. The group playing this game is called “The Cannibals.” They are a group of very opportunistic hedge funds who have decided to take advantage of a new market phenomenon - that of excessive “naked shorting.” In the past 4 or 5 years there has been an alarming increase in naked shorting, most of it illegal. It started in earnest when some of the Internet momentum players of the 90’s realized that the game was over, the bubble was bursting and they better start making money on the short side of the market running hedge funds. They soon realized that with their new power they could actually deny smaller companies access to the capital markets by shorting them into oblivion, especially those with losses ”burn rates“).They have probably destroyed hundreds of companies, some say thousands. In some cases they have collectively shorted several times the entire number of a company’s outstanding shares. As crazy as this sounds, it happens. But one person’s abuse can be another person’s opportunity, and now, along come “The Cannibals.” Their game is to identify companies which have been victimized by these shorts to the extent that their stock is now well below any objective level of intrinsic value and where certain minimal investment standards have been met. The company must have decent technology or products, adequate management, meet certain aspects of viability and have a large enough short position to provide substantial economic gain.

Information recently obtained from inside sources say that this is how the game is played. First the funds will very quietly accumulate a large number of shares at the already low price. Since the shorts would still be shorting they would look at the buy orders as “free money.” The key will be for the funds to make their initial purchases with considerable stealth until a significant position has been established. It is altogether possible that they will acquire as many or more shares as the company has outstanding, since at first, the shorts will be very accommodative. Then, once the core position has been established they will likely approach the company and consult with them about possible strategies such as delisting from the Berlin Berman Stock Exchange (which has been a hotbed of illegal shorting), declaring a stock dividend, maybe initiate a corporate maneuver requiring the issuance of new shares and probably working with outside consultants to do an in-depth “shareholder audit” to determine the extent and source of the shorting. Then comes “crunch time”! The Cannibals come out of the closet and start buying with gusto. Buy orders will be coming from every direction, on shore, off shore, hedge funds, well-heeled individual investors, chart readers, momentum players, etc. The Internet can be a useful tool in spreading the message. Once the market knows the shorts are on the run the pressure can get relentless. Unlike a soaring stock where most buyers have a choice of chasing or not, shorts have no choice but to cover at any cost as margin calls dictate the timing.

The hedge fund community is one of the most opportunistic in the world. Results over the past year or so have been sub-par which means their 20% fees aren’t being triggered. Here comes a chance for a handful of hedge funds to take advantage of a once-in-a-lifetime opportunity to strike it rich over the next year or so. The Cannibals are greed-driven and they plan to take full advantage of this unprecedented moment in market history, even if it comes at the expense of their fellow hedge funds (hence the name “Cannibals”). Some have already started to accumulate shares, but the fruits of their labors probably won’t start to show up until later this summer of early fall. Don’t be surprised to see this catch on in a big way. Once others see how the game is played there will be lots of copycats. Some of the cannibals are already planning for web sites, market letters, trading rooms, etc. It’s even possible that one or two mutual funds of “distressed stocks” will surface before this is over.

What comes around, goes around,. Now the Cannibals are coming to town to eat their young and to create a new batch of billionaires.

posted July 22, 2004 19:20            

quote:

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Originally posted by KellieAnn:

what does mm stand for

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mm=market manipulaters more like it.Ha Ha Ha
In some cases.There not all bad.

posted July 22, 2004 20:55            

Give tradingpennys a break. You should know she is just trying to dig up DD...whichever way it goes. Remember, she owns CMKX just as you do. I would be surprised if she isn't correct...based upon what I have seen her post in the past.

Wish I could pull up those sites she identified. Cannot for some odd reason...my Adobe Acrobat just won't do it and I cannot figure out why (have 5.0 on a pentium 4 and using 98SE because I like it).

tradingpennys,

Where did you see richness is back. Hope you are right!

posted July 22, 2004 21:14            

quote:

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Originally posted by Wallace#1:
Brad,

Give tradingpennys a break. You should know she is just trying to dig up DD...whichever way it goes. Remember, she owns CMKX just as you do. I would be surprised if she isn't correct...based upon what I have seen her post in the past.

Wish I could pull up those sites she identified. Cannot for some odd reason...my Adobe Acrobat just won't do it and I cannot figure out why (have 5.0 on a pentium 4 and using 98SE because I like it).

tradingpennys,

Where did you see richness is back. Hope you are right!

[This message has been edited by Wallace#1 (edited July 22, 2004).]

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Sorry Wallace,

posted July 22, 2004 21:19            

Thanks much. Problem is I am less than a novice with computers. I depend upon my neighbor who is knowledgeable, but he couldn't download pdfs for me either. I had tried to update to 6.0, didn't work, had 5.0 which I deleted out, and still didn't work and put 5.0 back in...and still no luck.

Brad,

posted July 22, 2004 21:34            

Yes, I am sure. You just don't know how dumb I am when it comes to computers. I can fix clocks, repair many things on a car and do almost anything related to construction, but I seem to have a mental block with computers, incl. pdfs. I am guessing I messed it up somehow since my neighbor who is knowledgeble cannot download them for me either. Maybe I can get him to come by tonight and try again.

Since I cannot read it, what is your read on it and could you give me a synopsis?

posted July 22, 2004 21:46            

quote:

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Since I cannot read it, what is your read on it and could you give me a synopsis?

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It's a document put out by the government of Saskatchewan listing all of the major projects going on in the province be they mining, agriculture, tourism, etc. Under the mining heading there is only one listing for diamond exploration, it is in the FALC area and it says it's being done by multiple companies with a value of 21 million. In a nutshell, I'd guess I'd say it's no news at all.