posted July 23, 2004 19:03            

quote:

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Originally posted by Upside:
Van,
Could be he's not comfortable making picks. I know I'm not anymore. My last one was DCUT at .10 a few months back and today it sits at .006. How's that for a pick? I hate to see people invest in something I recommend only to get wiped out.

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posted July 23, 2004 19:07            

quote:

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Originally posted by VNGNTN1:
RICHNESS
A couple days ago I asked for a good pic !
Still waiting include something we can checkout.
VAN

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posted July 23, 2004 19:15            

quote:

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UpMan, I think Van was asking for a photo of the scab on the ass of humanity.

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posted July 23, 2004 19:42            

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** PART I **
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MY JEFF/Urban/Naked Short theory:

First, we need to go back about a year:

1) Jul/03 - CMKM files "Certification and Notice of Termination of Registration" Form 15-12G with SEC. CMKM becomes a non-reporting company.

- What does this mean? Well, for one it could have been a ploy by Urban to cover up heavy dilution, and insider option/warrant grants and thus make this one of the largest pump & dumps in pink sheet history. Personally, I don’t believe that Urban could perpetrate such a scheme and have the bravado to have personal meetings with shareholders, advertise the company through a racing team, and get one of the top Securities firms on board. IMO, it was for another purpose…to disguise his actions from the MMs or hedge funds he believed were naked shorting this and in doing so brought it down to the .0001 x .0002

2) Aug/03 - CMKM announces share dividend payout for CMI.
Aug/03 - CMKM announces 2 for 1 foward stock split.

Urban’s first attempts at reconciling the Naked Short position…either there was none at the time or they completed disregarded the CMI dividend and their obligation to either obtain CMI shares or cover CMKM shares.
This is where the trading begins to get interesting, especially the volume…looking at a 2 year chart we see that beginning the end of August/Early September 2003 trading volume picks up immensely and not just because of the 2 for 1 split. It goes from 100’s of millions to billions of shares traded every day.

3)
Sept/03 - CMKM announces six billion shares are being retired back to treasury.
Nov/03 - CMKM announces over twenty billion shares have been retired back to treasury to date.
Dec/03 - CMKM announces 16.5 billion shares officially retired to treasury.

September is exactly the time that the volume picks up…probably because of all these shares being returned to the treasury. Now if the volume suddenly surged from millions to billions and its all buy volume (the company buying back its stock) then how come the price of the stock went down to NO BID x .0001 ?

Urban thinks to himself - what the hell is going on here? I’m buying tons and tons of this stock and the price is going down?

Now Urban being experienced in the market, and probably having friends who deal in securities starts to realize what’s going on…His stock is being cellar boxed by offshore hedge funds naked shorting it like crazy(thinking it will go bankrupt, underestimating the company and the FALC region).
http://www.investorshub.com/boards/read_msg.asp?message_id=2543926

It is around this time that Urban starts to concoct a plan…start buying the naked shorts, pull certs, and return them to the treasury(thus the buy backs in November/Deceember). He probably uses a MM to do this…And that MM was most likely JEFF. People who have been in this stock for a while remember JEFF being a large net buyer over the last year at the basement level(.0001)

The dilution issue: If you believe that Urban used this time to dilute than he was doing it while he was retiring shares…a little counter intuitive and if proven is grounds for showing that he in fact manipulated this stock by releasing info about a buyback while diluted this stock into oblivion. Thus, if this was proven I’d call this a scam and Urban a scam artist. BUT, I do not believe this happened because 1) I think Urban is a fairly respectable person(from what others have said) and 2) he could make a lot more money from concocting a plan to elicit one of the largest short squeezes in history.

Now, some will argue that he has been Using JEFF recently to dilute. But this as well doesn’t make sense since JEFF has kept a strong lid on the pps…if he were diluting or dumping his own shares he would allow the pps to run up over .001(we’ve certainly had the demand to do that) and raise twice as much capital, or make twice as much money.

Now, JEFF starts buying up the basement @ .0001 or maybe even less and starts accumulating 100’s of billions of naked short shares

Just look at the volume for the last 9 months or so…it has to be a couple trillion…not saying there are that many shares out, just that a massive amount have been traded…and being that dilution doesn’t seem the likely cause, than process of elimination leaves us with the short issue.

Now Urban has bought back a decent chunk of the O/S as well as a good piece of the Naked Short shares. Remember this thing was in the cellar for almost a year and there were billions of shares being traded every day – those shares were coming from somewhere; either 1) they were coming from the treasury i.e dilution 2) they are naked short shares. It can only be one or the other; either Urban diluted this into the ground or offshore hedge-funds working together with corrupt broker/dealers have shorted this into the basement trying to bankrupt it. I geuss it’s all a matter of personal opinion. If you honestly believe Urban is a dishonest person and a scam artist and had the nerve to Issue some 450 billion shares to the general public after publicly stating he was in the process of retiring shares than this whole theory is bogus. But if you don’t believe that than the only possible alternative is a large naked short position

4) June/04 - CMKM Diamonds, Inc. Announces It Has Retained D. Roger Glenn, Partner at Edwards & Angell, LLP as Securities Counsel
June/04 - CMKM Diamonds Inc. Announces It is Retaining a Large New York Law Firm to Represent Its Interests.
June/04 - CMKM Diamonds, Inc. Announces Edwards & Angell, LLP. and CMKM Diamonds Inc. Begin Work

This is the strongest evidence to support our theory of a naked short position. CMKX is a small pink sheet company that was rumored to be a scam. It blows my mind that one of the leading securities firm, and a partner of that firm, with profound experience in securities law & corporate governance would take on a client like this. Glenn’s law firm would never allow CMKX as a client unless they had ‘something’. Something that was going to overweigh the risk of taking on a pink sheet, something that would put Angell & Edwards, as well as Roger Glenn, at the forefront of the securities world.

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** PART II **
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I believe, that Urban bought back and returned to the treasury a good deal of the O/S through JEFF and then proceeded to buy a ton of the naked short shares. Urban knows the O/S and he knows the number of naked short shares through the transfer agent who is responsible for keeping track of the company’s stock, whether in be in cert form or in a brokerage account. Now if you were planning the largest short squeeze in history, would you want to release the O/S and the NS position to the entities you will be squeezing? Of course not, that’s your ammunition, you have one up because you know both what is real and what is fake(if any)

Now, after Urban was satisfied with what he had accumulated he then went to Roger with the certs returned to the treasury, the actual O/S(from the treasury register), and the TA’s report of the number of shares held aggregate in brokerage accounts…

The T/A was reported as saying 400 billion O/S. This is probably true but may be the OUTSTANDING and not the ISSUED. If indeed there are naked shorts than the outstanding will not be the same as the issued. Because what is aggregate in our brokerage accounts is the outstanding, but it’s not necessary what the company has issued.

Once Roger looked over the evidence he realized what he had here…a chance to make history, for himself and for his firm.

5) With Glenn at his side and probably after a lot of work hunting down the MMs and broker/dealers responsible for assigning valid cusips to bogus shares, Urban in short(excuse the pun) tells them they are royally screwed.
The MMs and broker/dealers realize the situation they are in and report back to their hedge-fund clients what’s about to happen. The hedge-funds either say ‘F you’ to the MMs and broker/dealers, saying it was their responsibility to make the affirmative determinations as to the availability of the security being sold short, or they said - please help us out here.

In any event I believe there were numerous meetings with Roger, Urban and the culpable short sellers who threatened to not cover their shorts and tie the matter up in costly litigation that could easily swing the MMs way if they were to use just a smidgen of the money created from the naked short selling to hire one of the best securities team in the legal world. Urban and Glenn did not want that, it would leave the issue in limbo giving the hedge-funds the ability to cover cheaply or continue manipulating the price.

So they come to an agreement for something of a partial covering situation by the MMs at a low price, of less than .001
They would allow them to buy back say 250 billion(random geuss) shares through the market maker JEFF at a price that would suppress demand for the stock and keep the price low giving them a chance to cover and buy a good deal of retail shares as well at these low prices.

Why would Urban let them get off so easy? 1) The MMs and guilty broker/dealers most likely threatened to tie this up in court 2) He wants to raise capital for the company: .0005 - .0001 = .0004(profit) * …billion = a lot of money for expenses, explorations, buy outs, legal fees etc. 3) He needs the market makers to be on his side in the future 4) We would still have a massive short squeeze because of the drastic decrease in supply as JEFF’s shares are being bought to cover and immediately destroyed.

5) July/20 - CMKM Diamonds, Inc., to invest in Casavant International Mining, Inc. Declares Dividend For Shareholders
July/18 - CMKM Diamonds Inc. Announces Dividend to Shareholders of Record Date and Option Agreement

Now, here it is - the deadline… either the MMs weren’t covering or Urban felt they have had enough time already so he forces them to cover by August 20th.

He allows JEFF to keep selling and keep the price down so as to allow as many new investors to buy in and old longs to add to their position. Anyone buying before August 20th is going to receive a huge dividend, a dividend that sets a value to the company, forces short positions to be covered, and gives a definite timetable to what is going on.

In conclusion; this is all merely speculation and just my opinion. I was looking back on what went on and what is going on now and it just seemed to make sense…All I know is naked short selling is a problem, and has destroyed thousands of companies. All the evidence hitherto shows a large number of shares in the publics hands… a number of shares that seems so large there are only 2 possibilities

1) Urban has issued over 400 billion shares since his last filing of doing just the opposite, making this one of the largest scams/pump & dumps/corporate printing presses in the market’s history. This in turn would create a myriad of legal action against Urban, his coconspirators, and one of largest and most prominent securities law firms in the country. I feel that if the O/S of this company is anywhere near 500 Billion this is indeed one of the largest security scams in American history, and Urban is not only a scammer but a conmen among conmen. IF he has the audacity to print up over 400 billion shares after saying just the opposite, and doing it in such secrecy he is not only a conmen of Enron-like proportions, he will be one of the most hated men in America. He has met with hundreds of shareholders face to face and put his credibility on the line numerous times; if he is in fact lying to us all I surely feel bad for him, his family, and his friends, for as it stands thousands of investors have put their trust and money in his hands and if he blatantly spits in their face there will certainty be hell to pay

2) There is in fact a large naked short position that Urban, Glenn, and JEFF have been dealing with for the last year. If this is the case this stock will make history for 2 reasons 1) it will be the largest short squeeze in history, consequently creating vast amounts of wealth for CMKX investors 2) it will mark the beginning of the end of naked short selling and offshore manipulation of American companies.

posted July 23, 2004 19:48            

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TWO POINTS TO MAKE

1. First some perspective. If all we suspect comes true, Urban will have pulled off one of the biggest financial coups in history, transforming from a .0004 stock to a mining force. Now for those that are impatient and want this to happen TOMORROW, I want to bring back some perspective. Roger signed on June 4 according to the PR. We are at July 23. I am IMPRESSED that we already have hard deadlines set for August 20 and August 31 on the dividends. This is moving at LIGHTNING, BREATHTAKING PACE. To those that are impatient and feel like the company is tortoise-like in its moves, I believe that the fact that all of this will likely conclude (or at least be mostly concluded) within a 3 month time frame from Roger's signing on is NOTHING SHORT OF ASTOUNDING. If we are right, we are talking about one of the most extraordinary, history-making, jaw-dropping events in the mining world and in the financial markets themselves. Everybody crying "why don't they just tell us the OS????" needs to step back and understand just HOW COMPLEX this behemoth of a puzzle is and how we simply MUST trust in Roger and Edwards Angell to handle this appropriately. The fact that we are going to have resolution within 3 months is a BARGAIN. It is FACT that we must have the OS by August 20 since they cannot place dividend shares in our account without the proper ratio (which can only be determined based on OS). PLEASE step back and take in some perspective whenever you feel like this is not moving quick enough. Relatively speaking, we are moving at LIGHT SPEED. Those that are not attorneys perhaps do not understand the inordinate amount of time necessary to document, research, back up, justify and support EVERY move that is being made here. Roger signed on June 4. It is now July 23rd. We should know the OS by August 20. Things should all be into place IMO by August 31. This is obviously not a one contract deal. There are obviously SIGNIFICANT pieces in place ALL of which must be addressed with time and great scrutiny. Please just keep the above in mind.

2. I STILL have a vehement disagreement with Urban being at these race events and in contact with shareholders. I am reluctantly resigned to acknoledging that this will simply be the way it is. That having been said, all I can say is to PLEEEEEEEEEEEEEEEEEEEASEEEEEEEE remember what I posted before. None of this "Urban said" garbage. If you hear or see others do it, slap them. Qualify anything and everything from the race with IMO or "I believe" or any other appropriate disclaimers. Somebody please post this on RB so that others there can see it.

I have no idea when the next PR is coming but I suspect soon. August 20 is rapidly approaching and I suspect that we will find out more details about how all this will work on an expedited basis at this stage. Good luck to us all and to us making history.

Z

As always, these are my personal opinions.

posted July 23, 2004 20:06            

Jul 23, 2004 (financialwire.net via COMTEX) -- (FinancialWire) Buyers and sellers of CMKM Diamonds, Inc. (OTC: CMKX) stock may be beginning to wonder who will be delivering their shares, according to Stock Patrol (http://www.stockpatrol.com), which partners with Investrend Information's (http://www.investrendinformation.com) Investor Resource Center.

StockPatrol had already identified the company as the all-time champion in terms of authorized shares, and said it may be on the road to becoming the first trillion share company.

StockPatrol.com stated:

At 9:56 pm on June 29, 2004, CMKM announced that it had engaged a new transfer agent, Pacific Stock Transfer Company of Las Vegas, Nevada.

At the time, the Company said that it was "looking forward to working with [Pacific Stock Transfer and] confident that Pacific Stock Transfer will process transactions in the Company's stock accurately and quickly.

On July 2, 2004, StockPatrol.com contacted Pacific Stock Transfer seeking to learn just how many of CMKM's 500 billion authorized shares had been issued. We were told to call back on July 6th, when the appropriate party would be available. When we called again on July 6th we were advised instead that Pacific Stock Transfer had ceased to act as CMKM's transfer agent as of 2:15pm on July 1st.

CMKM's relationship with Pacific Stock Transfer had lasted less than two days.

On July 8, 2004, CMKM issued a press release announcing simply that 1st Global Stock Transfer had been re-engaged as the Company's transfer agent. We contacted 1st Global to inquire about the number of outstanding shares, but were advised that only the Company can provide that information.

Will the relationship with 1st Global last this time around? The Company's principals may be hedging their bets?

On July 1, 2004, the same day the Pacific Stock Transfer association was dissolved, the "Desert Stock Transfer Company" was formed in the State of Nevada. The President, Secretary and Treasurer of Desert Stock Transfer? Urban Casavant, the President of CMKM, StockPatrol.com concluded.

For up-to-the-minute news, features and links click on http://www.financialwire.net

posted July 23, 2004 21:24            

quote:

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Originally posted by Upside:
Brad,
One question regarding your theory. CMKX, had a name change (from CMKM to CMKX) and new CUSIP number assigned to it in March of this year. I'm not an expert in these matters but that is supposed to expose any short position there is as new certificates with the new # have to be issued. Why didn't it expose the massive short position then or is this just a recent development?

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Which theory is that Upside? I'm short on theories. You may be talking about a repost of something I picked up from another board.

posted July 23, 2004 21:34            

I will not address richness again, but this tiem, if you dont like CMKX move on.
Others, you support it when you give it attention.

apparently, some kids can only get negative attention sice they didint get th positive when growing up.

all they kknow is negative. so iwonder if i have to read thru so much trash jsut because richness is back on.

posted July 23, 2004 21:40            

How's this for a pick? CMKX Here's another. CIM LMAO

posted July 23, 2004 22:30            

yes that qualifies My parents also own 800k shares, of that my dad has 600k, my Mom 200k... lol...

It's going to be a quiet night, not like last week,lol...

posted July 23, 2004 22:33            

Here's the way I am looking at it:

Let's say, for example, there are 500 shares authorized. Out of that 500 shs, say 400 shs are issued and outstanding.

Now suppose UC owns 250 of the 400 issued and outstanding. That would leave 150 shs as a public float. Now, if there were an additional 50 shs naked shorted (not covered), wouldn't the DTC show a total of 200 shs in the public float?

If that is the case (200 shs pub. float, 50 of which are naked), the DTC will not know which are valid and which are naked.

Then, when the Transfer Agent contacts the DTC for a breakdown of all the holders of shares (bear in mind these would be "street name holders since the TA would already have the names of holders with physical certificates), the DTC would pass them a broken down total of 200 shs in the names of x-broker, y-broker and z-broker.

posted July 23, 2004 22:52            

Bill, I am totally new to most of this and I'm trying to comprehend what the heck is going on.....When the company (CMKX) declares a dividend that is payable to all shareholders registered as of a certain date (in this case Aug 20th) wouldn't the shareholders legally be entitled to know exactly how many shares they are being rewarded with, even if the actual payout date is still unknown??? I have a difficult time imagining a company being allowed to announce such a thing without having some kind of accountability....

posted July 23, 2004 23:04            

Re your post immediately above, that is exactly my point. How would they know who was really entitled to the dividend?

Re your earlier post about the name chg and the CUSIP number, I don't think that would do a thing. Shs in street name would not need or require new certifs. Physical certifs in the old name would still be valid...only if they were turned back in for the changes would the new ones be reissued.

Correction: Shs in street name would be not require changes either.

[This message has been edited by Wallace#1 (edited July 23, 2004).]

posted July 23, 2004 23:12            

quote:

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Originally posted by Wallace#1:

What I cannot figure out
Here's the way I am looking at it:
Let's say.
Now suppose
I don't think so, but maybe I am wrong.
Any comments?

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HA HA HA
Yep,
So what your tring to say is CMKX, bad.
I got you the first time.
I can see why daytraders hate 'em,It's a daytraders nightmare.It will take time for CMKX to pay off.One thing they don't have...is time.
But me, I got all the time in the world and at the same time make it a better place(the world).I'm a construction surveyor.
The money is alot more steady then the penny market.HA HA HA,but not near as fun.
Good luck everybody.

posted July 23, 2004 23:17            

X(Y)/Z = O/S count

X = Number of total shares held by you. (Exp. 1,000,000)
Y = Number of total shares involved in the dividend. (Exp. 7,500,000 UCAD)
Z = Number of total shares you received through dividend. (Exp. 25)

posted July 23, 2004 23:41            

Now, we're getting into an area of which I am not 100% sure. My understanding, is that, unless someone in that public float demands (asks) for their physical certificate, it is merely an electronic entry on the DTC's records under the name of the broker (meaning street name). Even with a split, I believe what happens is that shs are credited to a broker's particular account with the DTC and then the broker credits the shareholder's account. It's possible, but I doubt if physical certifs are moved around. I am just not sure how these functions are accomplished and am basically guessing here.

posted July 24, 2004 00:18            

No negoiations...lol...

posted July 24, 2004 00:30            

quote:

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eu desejo a todos muitos sorte e sucesso. Eu amo meus povos do companheiro com todo meu coração e desculpo-me sincerely se qualquer offended por minha conversação mais adiantada com moedas de um centavo negociando e Wallace#1. O Deus Bless América

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