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Micro Penny Stocks, Penny Stocks Under $0.10 CMKX IV New Thread....GOT IT - HOLDIN' IT (Page 6)
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Author | Topic: CMKX IV New Thread....GOT IT - HOLDIN' IT |
highwaychild Member |
posted July 19, 2004 19:56
I just wonder...If U.C. sent some kimberlite to JEFF and NITE, had them sit on it all night untill right before the bell.And come up off of it for a change.I bet they would have a diamond the size of a computer mouse. IP: Logged |
bill1352 Member |
posted July 19, 2004 20:05
the post about the guys punching all the numbers from i-hub into a computer makes me wonder...i believe there might be a naked short position for cmkx but 600 billion? give me a brake..if the entire o/s equals the a/s or even the 400 billion the o/s probably is that would mean that there are ppl out there that think or do own 1 to 1.1 trillion shares of cmkx stock...i'm not a stupid person i'm also not a genius but just trying to completely grasp 400 billion of anything is a bit much but 1.1 trillion?? thats saying every man, woman & child in the USA could own a few million shares even the illegal aliens...hmmm theres an idea give everyone a few million shares , make the mm's cover and the illegals can go home and we can go back to speaking english (not richness's version) again. it stock may have naked shares out there but not in numbers like that. IP: Logged |
STAR GAZER Member |
posted July 19, 2004 20:14
Does anyone know what this means? (From richessforeveron1) Notice how nice and polite he is. It's one thing to disagree with some one, but don't start it out by saying: Stupid guy..... If you read my last post a few weeks ago you will see THAT I WAS IN THE TRAIN....AND LEAVED AT THE STATION BEFORE THE TRAIN GOES BACK FROM WHERE HE COME... IP: Logged |
noahltl New Member |
posted July 19, 2004 20:19
Zen's latest post: Zens latest thoughts on today -------------------------------------------------------------------------------- MY THOUGHTS ON TODAY AND MORE. Fully expected. Anyone surprised to see JEFF was the one clinging to .0005? JEFF IMO absolutley knew that the second he released his foot from .0005, there would be 5 MMs stepping up to the bid at .0005. He kept it there and got his .0004 close (NICE paint job BTW). Why? People come home tonight, check their stock and see NO CHANGE They assume this PR must not have meant anything and "eh, maybe I just need to put my sell order in and be done with this." But now JEFF is feeling some heat. 19 trading days until he's gonna have to figure out how a (currently) unknown number of UCAD dividend shares are going to have to be placed in everyone's accounts. Still, JEFF needs to be patient and play this out accordingly. .0005 is a first level. There should be a battle royale though at .001. JEFF hopes to cover for his client significantly there. But he will likely get MORE selling by holding it here at .0005 a bit longer. Make people anxious, nervous, emotional. Now when .001 finally hits, they may act hastily, rashly and sell. Did anyone catch UCAD however? Let this be a CLEAR warning shot. 26,000 shares moves UCAD up 33%. There are practically NO shares available. NONE. Shortie does not yet know how many shares above and beyond the 7.5 million he'd have to produce to cover the UCAD dividend he might owe, but he knows he can't get them on the UCAD open market. There just AREN'T any. The ONLY way shortie will cover is through CMKX. And by the way, my personal speculation is that UCAD will not close under $4 again. Which would be interesting since Nasdaq Small Cap requirements are a $4 share price. A reverse merger into UCAD and a listing on Nasdaq in 30 days? Possible? Maybe. Just some thought. If UCAD jumps to $5 and holds there, we could even see an application for a Nasdaq National Market listing. Personally, I think they'll sidestep the whole issue and go for AMEX through a reverse merger into UCAD after August 20. I must repeat what I have said many times before. I do not believe Roger Glenn was brought on board to help CMKX become a reporting otcbb company. In fact, anecdotal evidence these days suggests such a move is not even possible any more. The SEC wants the otcbb to disappear completely and they seem to be not very amenable to any otcbb applications these days. No, I believe Roger was not only brought on to break a record-setting short position, but that his skill sets were uniquely qualified to position CMKX to get listed on one of the major exchanges and QUICKLY. I do not think the MMs that are short are unaware of this fact. I believe Urban and Roger have served notice that the shorting will be over by August 20. One step at a time, we move toward that date. They may try to hold the line here for awhile. But IMO they will either have to cover or Urban/Roger will continue to drop cluster bombs on them with further updates/deals/information. I do feel the MMs are being given a "grace" period so this all happens in a more orderly fashion, but I do also think that the consequences for not respecting this grace period will be swift and severe. Personally I believe we have the mother lode in diamonds and other resources. We watch. We wait. Very soon I believe ... we win.
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tradingpennys Member |
posted July 19, 2004 20:32
Upside Member posted July 19, 2004 18:21 -------------------------------------------------------------------------------- originally posted by HarryHar: quote: One possible explanation is that if the float really is 400 billion, there's no volume at all relatively speaking. If they trade 4 billion in a day, that's 1%, 8 billion, 2% and so on. That's not enough to move it. IP: Logged |
noahltl New Member |
posted July 19, 2004 20:39
Will.........sorry about another Zen post, it just seemed interesting, and I have to hurry today. I'm the director of a local charity, and I have to spend the next week at our county fair, overseeing a fund raising booth. I might be able to stop in for a few minutes in the morning and late evening. With Debi and I both out of commission there are only a few longs left to post. Those of you who can, please pick up the ball and run with it while we're gone. I'm really going to miss watching this stock for such a long time, but we are making money for the handicapped and disabled here, and some things are more important than my portfolio. IP: Logged |
Brad Member |
posted July 19, 2004 20:44
quote:
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noahltl New Member |
posted July 19, 2004 20:45
One more from another board: The BIG Picture -------------------------------------------------------------------------------- We as a group need to look at these apsects of our growing company. One of the first and foremost is our brand recognition positioning in regards to racing. We are advertising now. Establishing the Casavant name and I believe soon the Casavant Diamond. With the world heightened sense of political correctness. Conflict free has a lot of meaning. Let's look atthe advertising for a second and i will move on to the market shortly, We are doing this extremely cost effective. In teh open market advertising rates for a 30 second spot can cost upwards of 3 miilion. Our teams have had many 30 second spots at a rounded cost of 15k per race. Think about this CART racing was a spin off from the F1's why?? The advertiser base was diluted and all teh money had been made. They needed more opportunities for more diverse sponsorship. To the average mnarketing manager the value is formulated by cost per viewership. Think of ours?? We had upwards of 9 million viewers watching the drag races. ( formulated from Nielsen)
Let's look at the market. We had a reported AS of 7.7 billion before the AS 500billion announcement came out. Let's take what urban owns of it off the table for a minute. Show me where we had that much volume in sales in the past 60 days. Can't. It has always been my perception that dilution shares go off at the bid. How many have you seen?? Now as much as we hate and yes I said HATE the MM's we have to work with them. They make our market. Period. It is my belief that UC and Glenn will time teh PRs accoriding to how the MMS are covering. Now before yo hit me with wehad 95%+ sales today, let me counterstrike with WHAT WAS The 5th Digit?? Now do you see what is taking place?? They will hold us down, run us up and drop us off a cliff to instill market panic. Don't tell me you didn't watch the trading today and say WTF I have had it!! The MMS bank on that because they have no choice not to!! Well L+G's this is just the beginning. You will be amazed the sells when all the longs have 300k one day and 160k 15minutes later after a walk down. If it hits 300k they will see it as a blessing form God and get the F out. One lastthing I wanted to leave you with., The TAS annoucement of 400bill. THat HAD to have been brought about by counting shareholders fo record. We didn't have an audit yet!!That proves shorts. Look at all the past filings and PRS, it cannot be true,. Urban did not come all this way to lie and lose. Glenn, wouldn't let himself be soiled. The Tradeable float are what we need to be concerned with. No More No less. Remember UC has shares locked away for 2 more years. So he isn't getting rich on the PPS .. WHO IS?? Be back with more later as this EPic Saga infolds. IP: Logged |
noahltl New Member |
posted July 19, 2004 20:47
This one looks big;
Further details relative to this project will be forthcoming in future press releases and at http://www.uscanadian.net/. 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 |
noahltl New Member |
posted July 19, 2004 20:56
Nevada Minerals DD from Secy of State.
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will Member |
posted July 19, 2004 21:15
noah, I apologize if you took my post about so called DD personal. There are quite a few cheerleaders, and naysayers here. It's just my opinion either side, positve or negative, is getting out of control emotionally. No one, I repeat, NO ONE knows nothing until the O/S are accounted for, it's all emotional guesswork until then. IP: Logged |
Grasshopper Member |
posted July 19, 2004 21:20
It seems that UCAD got a sweetheart of a deal compared to the first 20% it acquired (5 mil for the first 20% and 100K for the next 20%). Must be a friendly deal based on the increased value of the original 5 mil??? Either way, UCAD seems to be making some major plays.... On January 20, 2004, the Company entered into joint venture agreement with Nevada Minerals, Inc. to develop up to 500,000 acres of potential Kimberlite Mineral property located in Canada. The Company was required to contribute 5,000,000 shares of its common stock as its capital contribution to the joint venture. As a result of this capital contribution, the Company shall be entitled to receive 20% of the revenue generated from the property. The value of this transaction approximates $6,900,000 based upon the fair value the said shares on the consummation of such agreement. IP: Logged |
Money_Penny Member |
posted July 19, 2004 21:27
will - I agree with you on this. What we need now to go forward are facts (o/s) and all this speculation is getting out of hand. noah - Thanks for all the DD, hope you raise lots of money for the needy. Good night all. IP: Logged |
noahltl New Member |
posted July 19, 2004 21:34
NEW PR NEW PR NEW PR Coming fast and furious now. LAS VEGAS, Jul 19, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc. (Pink Ron Casavant CEO, and Dave Desormeau Secretary/Treasurer, of Casavant Safe Harbor Statement under the Private Securities Litigation Reform Act of SOURCE: CMKM Diamonds, Inc.
Customize your Business Wire news & multimedia to match your needs. Copyright (C) 2004 Business Wire. All rights reserved. IP: Logged |
noahltl New Member |
posted July 19, 2004 21:38
MM's wanna play? TAKE THAT!!!!!!!!! IP: Logged |
Bialystock Member |
posted July 19, 2004 21:39
Well that's a fine "how do you do?" LOL IP: Logged |
Back~in Member |
posted July 19, 2004 21:40
must be a typo on the time... Anyway how many shares will share holders get from this? IP: Logged |
Wallace#1 Member |
posted July 19, 2004 21:42
I saw that Nevada Minerals/UCAD release when it first came out and noticed something sounded familiar but couldn't place it. Does anyone exactly remember the language used in connection with CMKX's release about their Goldak Navaho aircraft fly-overs and in what months they took place? IP: Logged |
Back~in Member |
posted July 19, 2004 21:43
OOPS, Sorry it is 2100hrs eastern time. IP: Logged |
noahltl New Member |
posted July 19, 2004 21:44
Stock Market history in the making and we're on board. The ride ain't over yet. IP: Logged |
Trade Dog Member |
posted July 19, 2004 21:44
CMKM Diamonds, Inc. Announces Preliminary Results from Goldak Airborne Magnetic Survey of Saskatoon, Saskatchewan LAS VEGAS, Jun 24, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc. (Pink Sheets:CMKX) announced today it has just received preliminary results from the airborne magnetic survey recently completed by Goldak Airborne Surveys of Saskatoon, Saskatchewan. The survey was conducted during April, May and June 2004 using Goldak's Navaho aircraft equipped with a trimaxial magnetic gradiometer. By employing this modern, state of the art geophysical equipment and flying a low-level, closely spaced survey, hundreds of magnetic anomalies were able to be identified. Some of these anomalies are obvious drill targets, while others will need further study by the Company's consultants. Urban Casavant, president of the CMKM Diamonds, Inc., stated, "The company is very pleased with the results of the survey. For the first time in the history of diamond exploration in the Fort a' la Corne area, a complete and comprehensive magnetic picture of the whole area is available to the company." The company intends to immediately pursue the most obvious targets by drill testing as soon as permitting and logistics allow. There are now more than enough targets to allow CMKX to drill continuously. On a final note, Urban Casavant stated, "These hundreds of anomalies have been filtered for elimination of farm equipment and steel buildings as a probable cause for such an impressive count of anomalies." Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations. SOURCE: CMKM Diamonds, Inc. Diamonds Hotline -------------------------------------------------------------------------------- Copyright (C) 2004 Business Wire. All rights reserved. News provided by
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will Member |
posted July 19, 2004 21:45
OK, break this one down guys, lol. "Just the facts, Mam, just the facts". Not you though, Van, you confuse me, lol [This message has been edited by will (edited July 19, 2004).] IP: Logged |
prdponce Member |
posted July 19, 2004 21:48
is this true? CIM shares are not trading By: rocketship0 We will be making history folks. Regards, IP: Logged |
noahltl New Member |
posted July 19, 2004 21:49
Where do I go to buy CIM now? IP: Logged |
Bialystock Member |
posted July 19, 2004 21:50
I like this post from iHub, but does anyone here agree/verify the logic. I am dumb when it comes to this: http://www.investorshub.com/boards/read_msg.asp?message_id=3600703 IP: Logged |
noahltl New Member |
posted July 19, 2004 21:51
I know the same person keeps putting out the PR's for all companies, because they keep repeating the "trimaxial" misspelling. It should be triaxial. IP: Logged |
highwaychild Member |
posted July 19, 2004 21:55
There you go DARDADOG... sick 'em. IP: Logged |
noahltl New Member |
posted July 19, 2004 22:01
You can't buy CIM shares, so how are the MM's gonna get 'em to cover the nakeds? See the play going forward. IP: Logged |
highwaychild Member |
posted July 19, 2004 22:08
I see D. Glenn's been a busy man. IP: Logged |
tradingpennys Member |
posted July 19, 2004 22:10
Have short sellers conspired to depress the value of dozens of over the counter companies? Or is the short selling conspiracy simply a convenient bugaboo that allows struggling companies to hide behind their own failures? Optimists hoped that the SEC’s new short sale regulations would help investors answer those questions, but the relatively toothless SEC proposal is unlikely to end the debate. News of the pending SEC proposal was greeted with anticipation by the champions of those self-described beleaguered OTC companies. Some even tried to spin the new proposal before details were announced – suggesting that it would herald an end to naked short selling. Those observers were none too pleased with the SEC Staff’s proposals for Regulation SHO, which fell far short of expectations. Regulation SHO would establish new standards for short sales of exchange traded securities – those listed on the New York Stock Exchange and NASDAQ – starting with a two year experiment eliminating rules that bar short selling when a stock's price is falling. That rule, however, would not apply to over the counter stocks. As far as the OTC markets go, the SEC proposal would make it more difficult to short-sell stocks without actually borrowing the securities, a practice known as “naked short selling.” Traders who short stocks but fail to deliver the securities at settlement would face restrictions, such as being required to pre-borrow the security before shorting it again over the next 90 days. Critics say that this would do little to deter the brokerage firms that enable short selling. It also would be unlikely to discourage professional short sellers, particularly those who trade outside the U.S. and beyond the reach of domestic regulators. Are the critics truly displeased – or will they breathe a sigh of relief that the SEC seems satisfied with half measures? That depends upon whether the short selling conspiracy is real or imagined. Undoubtedly, the answer to that question is not a simple yes or no. In the past year, a host of over-the-counter companies have claimed to be victimized by these “naked” short sellers. For the most part, these companies have several things in common; they are struggling, trade at microscopic prices, have little or no business, have few, or no revenues, have few, or no assets. In all likelihood there are some over the counter companies that have been victimized by naked short sellers. They justifiably complain that lax short selling rules have adversely affected their prospects. But how many other companies have jumped on that bandwagon and raised the red flag of short selling to conceal their own shortcomings? Trying to distinguish between legitimate and feigned complaints, however, is a daunting task – particularly since none of the supposedly aggrieved companies have been able to establish with certainty the alleged naked short selling. And investors should keep in mind that some of these over the counter companies are architects of their own misfortune, even where short selling is present. Lacking assets or significant revenues, those companies become desperate for cash, and make devastating deals with financing devils. These include arrangements where the company issues massive amounts of stock to their friendly financiers, and agrees to register those shares even before they have received financing. Such arrangements encourage those financial “angels” to short the company’s stock, thereby driving down the stock price, and then cover those short positions with the registered shares they receive (often at a discount) in exchange for their financing. It’s a win-win for the financiers, who can use proceeds from the short sales to provide the promised funding to the company – and then pocket the excess after they cover their short position by delivering the newly registered shares, which are now trading at a lower price thanks to the shorting scheme. But it’s a losing proposition for the company, which has effectively provided its own financing, and is left with a severely depressed stock price. That, of course, is just one scenario – but a very real one. The naked short selling debate is made even more murky by the fact that it involves so many companies with dubious credentials, and few legitimate prospects. Their eagerness to adopt the mantle of “victim” threatens to detract attention from the handful of over the counter companies that really have suffered from this practice. ___________________________________________ Regulatory shortcomings have allowed short selling sharks to ply their trade without sufficient accountability. But just how many sharks swim in these waters?
Other stock might have been sold to offshore investors under Regulation S, which provides an exemption from registration for shares issued to certain non-U.S. residents. Those offshore shareholders can then resell the shares overseas, immediately. Shareholders who have held stock for at least one year can sell their holdings, without registration, under the exemptions provided by Rule 144. Financiers who provide "equity-based" financing for small companies generally receive large allotments of registered stock in consideration for their investment. These investors may sell those shares short in anticipation of their registration, or simply wait until they have been registered and then liquidate their position. Either way, they would be trading in substantial volume. Then there are PIPES, the popular acronym for private investments in public entities. These private investors receive large numbers of shares in return for providing funding to companies who are desperate for funding. If the PIPE investors are U.S.-based, the shares may be registered. If they are overseas, their shares could qualify for the Reg. S trading exemption. Either way, the investors would be in a position to introduce a large quantity of stock to the public float. Companies who have been diluting their public shareholders by issuing stock to consultants or insiders, or on favorable terms to financing entities, may be loathe to admit that they are the source of a sudden spurt in volume. In that case, naked short sellers make for a convenient scapegoat.
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GoldieStox Member |
posted July 19, 2004 22:11
okay nice folks, can some explain in simple terms, what the HECK is going on? new here and am a bit confused. thanks! IP: Logged |
noahltl New Member |
posted July 19, 2004 22:12
One of the big items here is the words "pro rata". That's one for one shares. That means that OS has to be less than 40 billion. Went around the roller coaster once, climbing slowly up that big hill again. WOOOOOOOOOO Hold on!!!!! IP: Logged |
tradingpennys Member |
posted July 19, 2004 22:15
Noah... the word "tri-maxial" is spelled correctly. The inventor or company named it. If you do a search you will find the company that has it. If you were to spell it YOUR way... goodluck finding the company. IP: Logged |
GoldieStox Member |
posted July 19, 2004 22:16
doesnt pro-rata just mean your dividend is just in relation to how much cmkx you own? i dont think it means 1 for 1, no? IP: Logged |
Booty Quest Member |
posted July 19, 2004 22:18
quote:
\Pro` ra"ta\ [L.] In proportion; proportionately; according to the share, interest, or liability of each. Sounds about right, Noah. Good work, my friend. This just keeps getting better! EDIT --> Although, Goldie makes a good case, too. Either way, we win. FarmBoy, you out there? I hope you're not missing all the fun. [This message has been edited by Booty Quest (edited July 19, 2004).] IP: Logged |
will Member |
posted July 19, 2004 22:19
pro rata: proportionately according to an exactly calculable factor (as share or liability) [This message has been edited by will (edited July 19, 2004).] IP: Logged |
noahltl New Member |
posted July 19, 2004 22:22
quote:
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Upside Member |
posted July 19, 2004 22:23
Wait a minute. I'll admit that I haven't read this whole thread but I did just read their latest p/r about the CIM shares. Aren't these the same shares that we were supposed to get back in September of last year? Many people still have them in their accounts, no name attached to them, and untradeable. Is it different this time around? Are we going to get shares in a viable, publicly traded company or just more shares of nothing like last time? IP: Logged |
Grasshopper Member |
posted July 19, 2004 22:23
It seems we are interpreting "pro rata" differently. It sounds to me that they're simply saying they'll distribute the shares proportionately based on how many shares each investor owns. [This message has been edited by Grasshopper (edited July 19, 2004).] IP: Logged |
noahltl New Member |
posted July 19, 2004 22:24
quote:
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will Member |
posted July 19, 2004 22:26
I don't know for sure what it means, but I think in this context, it is an amount in some type ratio, could be one for one or some other ratio ??? quote: IP: Logged |
will Member |
posted July 19, 2004 22:27
Where is Van when I need him, lol. IP: Logged |
Grasshopper Member |
posted July 19, 2004 22:28
Noah, go directly to the surveyors website... http://www.goldak-exploration.com/ It shows "Tri-Maxial" on their home page. IP: Logged |
Booty Quest Member |
posted July 19, 2004 22:28
This baby's gonna run! (thanks, Bonz) IP: Logged |
will Member |
posted July 19, 2004 22:29
Been saving that one, BQ? IP: Logged |
TradingWizard Member |
posted July 19, 2004 22:30
quote: Okay, this is funny now.....I almost fell of the chair seeing this bo....dancing queen. I better take her off my post....lol [This message has been edited by TradingWizard (edited July 19, 2004).] IP: Logged |
noahltl New Member |
posted July 19, 2004 22:31
quote:
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Bialystock Member |
posted July 19, 2004 22:34
Okay, obviously things just got way more complicated and way over my head, so I'll just do what I do best which is sit back and take it all in quietly. But someone here just promise me they will announce in all caps when I can officially "flip out". : ) thanks! IP: Logged |
Booty Quest Member |
posted July 19, 2004 22:35
quote:
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tradingpennys Member |
posted July 19, 2004 22:39
Noah, Do a search with this term: "tri-maxial magnetic gradiometer". And you will find the company that did CMKM and UCAD. IP: Logged |
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