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 CMKX IV New Thread....GOT IT - HOLDIN' IT (Page 7)
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| Author | Topic: CMKX IV New Thread....GOT IT - HOLDIN' IT |
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noahltl New Member |
posted July 19, 2004 22:40
  
quote: IP: Logged |
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TradingWizard Member |
posted July 19, 2004 22:43
I think this time we got some good pr's, since all we can talk about is terminology, tri-maxial and pro-rata - lol. Like Will said, where is Van when we need him. Van are you in your garden picking crops???? IP: Logged |
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noahltl New Member |
posted July 19, 2004 22:46
quote:
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TradingWizard Member |
posted July 19, 2004 22:47
Yeah blame the Canadians lol  (just kidding) IP: Logged |
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will Member |
posted July 19, 2004 22:51
noah: Nows the time we need those freaking windbags to disect this PR, and give us the real dope on the pro rata blah blah. Go find Dr Demon, Think Outside the Box boy, and Zenboy. [This message has been edited by will (edited July 19, 2004).] IP: Logged |
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Grasshopper Member |
posted July 19, 2004 22:55
Sorry for getting sidetracked with any unnecessary or unproductive comments. I'm just kind of thinking out loud while I try and absorb all the info being presented on this board. Not always easy for a rookie! Thanks to all for continuing to help us newbies along. As T-Wiz said, its ALL GOOD NEWS! IP: Logged |
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kguts11 Member |
posted July 19, 2004 22:55
The logic expressed in the referenced post is flawed or it is a blatant pump. This PR doesn't prove anything dealing with the O/S of CMKX. It is just as common to do a 1:10 or 1:100 or even 1:1000 as it is to do a 1:1 dividend or spinoff. Kev
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TradingWizard Member |
posted July 19, 2004 22:55
Will, Noah will be gone for a while, and we need someone to do DD and read other boards - do you want to volunteer....lol I am sure everyone on this board will appreciate your contribution.... IP: Logged |
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Upside Member |
posted July 19, 2004 22:57
I just re-read the p/r and it looks like we will all be getting shares of another non-tradeable company. Same as last time. Another thing, doesn't this p/r look a little amateurish? I can't believe that Mr. Glenn was involved in this one. IP: Logged |
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will Member |
posted July 19, 2004 22:58
I have no idea where other bords are, I just live here. No thank you, I won't visit other boards or volunteer. quote: IP: Logged |
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TradingWizard Member |
posted July 19, 2004 23:01
quote: I tried Will. Yeah I live here too and lurk once in a while to see if everything is in order..... Upside, but looks like they are re-activating the zinc project - so they are not just CIM shares, they will be worth something, imo "Ron Casavant CEO, and Dave Desormeau Secretary/Treasurer, of Casavant IP: Logged |
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bill1352 Member |
posted July 19, 2004 23:05
the pr does say that cim intends to become a reporting company....i was not around when these older cim shares were distributed and maybe thats part of the over all plan...give shares that can't be bought till after the amount whatever the split will be is deposited into an account...as the one article says there is naked shorting but most companies that claim this problem really has done themselves in...now which is cmkx? it say a quick increase in volume is a key trigger to company screw up well cmkx volume is huge and has held that for a while...maybe it is one of the few that really are naked shorted...i'd be hard pressed to believe cmkx is a scam, there are too many differant companies involved in the mines and something is funny with the volume and no pps movement but 400 billion o/s would go a long way in explaining that. i still think it depends not so much on the o/s but on how much insiders own. if the insiders know that there are large amounts of diamonds from seeing something that isn't public this would include ppl working on-site, drillers ect. then ya know they are not selling no matter what.... i can hear the announcer from the rocky & bullwinkle show in the background...tune in next time for the answers too.... IP: Logged |
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Upside Member |
posted July 19, 2004 23:06
TW, As far as I can tell there is no Casavant International Mining (CIM) company trading on any board. Unless they register for trading on one of them, we get shares in something that for the most part is valueless, just like last time. IP: Logged |
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will Member |
posted July 19, 2004 23:08
Ok this what was on the link a few posts back: "THAT MEANS OUR O/S IS WAY UNDER 40 B OR ELSE WE WOULD GET A SHARE OR LESS EACH OF CIM. THIS PROVES O/S WAY UNDER 40 B. $$$$$$$$$$$$$$$$$$$$$$" I have no idea how he figures that. Pro rata being: In proportion, according to a factor that can be calculated exactly. IP: Logged |
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bill1352 Member |
posted July 19, 2004 23:10
40 billion goes into 400 billion evenly doesn;t it? IP: Logged |
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will Member |
posted July 19, 2004 23:13
10 times, so if you own 1 million CMKX you might have that plus 100,000 CIM come August 31. Doesn't tell me a thing about O/S quote: IP: Logged |
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darrenbaker Member |
posted July 19, 2004 23:14
Booty Quest, I take offence to your she's going to run post. Respectfully, Darren IP: Logged |
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will Member |
posted July 19, 2004 23:15
I liked it. quote: IP: Logged |
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bill1352 Member |
posted July 19, 2004 23:17
will....don't believe anyone will find out the o/s till after aug 20th..i too would like to know this # but i'm more interested in insiders #'s because this will give clues to what is in the ground IP: Logged |
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TradingWizard Member |
posted July 19, 2004 23:18
quote: I guess so.... May be Urban decided to do master clean up thus to clean up the CIM non-existing shares (I think daradog is going after them), so later they don't back fire at him....imo Good night guys...will check in the morning. IP: Logged |
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VNGNTN1 Member |
posted July 19, 2004 23:19
WILL Just got back and stepped into S$$t here. Read the PR and need some time to think. This is a very complicated logic going on. I am thinking since CIM was registered a s a corp back in 9/2003 and has restricted trading does not mean they could not have parked some valuable claims there which they are now activiating without allowing trading on stock.This is new territory for me and we will need to butt heads here to figure it out. Standby for more Gonna read that PR again! VAN IP: Logged |
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will Member |
posted July 19, 2004 23:19
dardadog's issue was with the broker, Etrade, i think, not CIM. IP: Logged |
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will Member |
posted July 19, 2004 23:21
OK, Van, I'm trusting you here, buddy. You better give it to me English. Break it down like I'm a three year old, so I can understand you. quote: IP: Logged |
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Upside Member |
posted July 19, 2004 23:24
One last thing, CMKX paid 1 million (to his brother) for 40 billion shares of CIM? That equals a value of .000025 per share or in a nutshell, valueless. IP: Logged |
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will Member |
posted July 19, 2004 23:27
UpMan, do you think this is about value? I hate to admit it, but these mopes just might have a plan. I know I'm confused. I have no idea what this does for them, other than what was alluded to earlier, in the way of exposing shorts. ??????????? quote: IP: Logged |
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VNGNTN1 Member |
posted July 19, 2004 23:27
WILL Check this out CIM has a value of ??? mineral claims + $1m which will be distributed to CMKX on 8/31. ASSUMING 400bn a/s i CMKX WHICH had a 2:1 split forward last year would mean 10% lifetime mineral rights to CMKX is = to 40bn shares CIM. (Gotta go see how they said it would be paid) but seems $1m will be slpit by a/s. VAN IP: Logged |
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will Member |
posted July 19, 2004 23:29
OK, so 40B shares of CMI is worth $1M..Anyone know the O/S on CIM, bet not, lol. IP: Logged |
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Upside Member |
posted July 19, 2004 23:36
originally posted by will: quote: These mopes don't have a plan. Yesterdays p/r and todays don't really tell us anything. Yesterdays p/r says they will issue the UCAD shares "later" and todays says we are getting shares in a valueless, untradeable company. How this affects any naked short position or gives us any indication of the float of this company is beyond me. IP: Logged |
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Booty Quest Member |
posted July 19, 2004 23:38
Couldn't this be a possible start to a merger? Maybe a three-way with UCAD? Sorry, Darren. <disclaimer> The term 'three-way' in the above sentence is in no way a sexual hint. 'Three' refers to 3 companies, and 'way'...blah blah blah... Furthermore, women's breasts are not for pleasure in ANY way 'shape' or 'form'. They are a sin, even in clothing. Especially bouncing while in cartoon form, as seen in this author's former post. shame...shame on the Booty. IP: Logged |
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VNGNTN1 Member |
posted July 19, 2004 23:39
WILL After reading again, I would say that 10% or 40bn CIM shares will be split up to CMKM shareholders. THis is another paper shuffle, It does not say whose sahre they are offering thiers ,the companys ,or ours. We never had full rights anyway. Assuming they are offering there shares (company) then Assuming a 400bn a/s CMKX shareholders could expect to see 10 shares of CIM valued @ .000001($1m / 400bn) for each 1000 shares of CMKX VAN IP: Logged |
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VNGNTN1 Member |
posted July 19, 2004 23:41
BULLETIN We now have a declared value for CIM shares VAN IP: Logged |
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noahltl New Member |
posted July 19, 2004 23:41
Upside, the value is that the MM's can't get the shares to cover the naked shorts. That's why UC is doing all of this. He's not trying to give away his money to shareholders, he's trying to make the MM's give their's away to us. Gotta keep asking yourself "WHY? is he doing what he is doing. It's not just magnanimity. When UC and Roger do something now there will always be a partially hidden agenda. IP: Logged |
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Booty Quest Member |
posted July 19, 2004 23:44
magnanimity \Mag`na*nim"i*ty\, n. [F. magnanimit['e], L. magnanimitas.] The quality of being magnanimous; greatness of mind; elevation or dignity of soul; that quality or combination of qualities, in character, which enables one to encounter danger and trouble with tranquility and firmness, to disdain injustice, meanness and revenge, and to act and sacrifice for noble objects. IP: Logged |
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Upside Member |
posted July 19, 2004 23:46
noah, I have no idea what magnanimity means. Aside from that though, no one is being forced into a cover position until the UCAD shares are distributed and we have no idea when that will be, and the CIM shares are worth so little that they will have no effect on any market maker who might be short. IP: Logged |
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will Member |
posted July 19, 2004 23:47
Thanks, Van. Then it isn't a one for one distribution, we don't know the distribution yet. UpMan: From the 7/18/04 PR: CMKM Diamonds, Inc. will later issue these shares to all shareholders of record on August 20, 2004. That means CMKX shares will have to be accounted for, thus exposing any shorts at that date. IP: Logged |
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VNGNTN1 Member |
posted July 19, 2004 23:47
NOAH You know I have not fully bought into the "naked short " theory, only that they will just short more if needed. I must tell you that if any are short this is becoming exceedinly complicated and will cause tremendous calculations to keep it straight. If I were to bet based on the last 4 days WE WILL SEE several more PR of this nature, which will further complicate this deal. VAN IP: Logged |
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will Member |
posted July 19, 2004 23:51
And I thought you could complicate a toothpik, fogive me for accusing of you of being difficult, lol quote: IP: Logged |
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f15crew Member |
posted July 19, 2004 23:51
OK, As you can tell I am verrrrry new here. I have spent the last few months as an investor in this company (a humble 1.3mil shares) reading all of your posts. I have learned much here. I just want to start by thanking all of you for all of the valuable information I have acquired. Let me first say that I have not invested any more than I am willing to lose. With that said, I am in this for the haul. I plan on selling my 300K on the way up to make some more investing money, but the remaining 1mil - I want to be worth 1mil one day. One question I have...I am using Ameritrade. I have been under the assumption that my shares were "safe". This appears that may not be entirely true. From what I have gathered today, my shares may not be wearing any pants. If in fact my shares are naked shorted shares? I have made the decision to stick this out because what everyone hear says makes sense about the supply and demand. I we don't sell our shares, the MM's will have to let it run up a bit till they get it to a level where people are willing to sell. Just wanted to say thanks to all here...not thanks to those (and you know who you are) that can't spell or create a sensible sentence. Randy IP: Logged |
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VNGNTN1 Member |
posted July 19, 2004 23:52
ANOTHER THOUGHT UCAD gapped up to $4.50 from 3.50 this morning and did not retreat. Generaly a negative negative opening signal will retreat. My 1m @3 never executed. You will recall yesterday I thought value was flowing to UCAD. VAN IP: Logged |
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Upside Member |
posted July 19, 2004 23:52
originally posted by will: quote: Will, IP: Logged |
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will Member |
posted July 19, 2004 23:56
Still UP, there will be an accounting of the shares 8/20/04, whether the dividend is paid or p|ssed in the street. August 20, there will be a reckoning of shares. quote: IP: Logged |
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Upside Member |
posted July 19, 2004 23:57
Van, Were you really considering a 3 million dollar investment in UCAD? IP: Logged |
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noahltl New Member |
posted July 19, 2004 23:57
Sorry about the fifty cent word. Magnanimous is a commonly used word in the charity circles. I agree the CIM shares are of little value. But if you're an MM who has been naked shorting, and the brokerage houses call and tell you to produce them, a commodity that isn't available you would have to admit that you have been involved in an illegal operation. They don't want to have to do that, so they will have to buy back all naked shorts before that date. That's where we make our money. This isn't a valuation issue, it's a "squeeze play" issue. IP: Logged |
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HarryHar Member |
posted July 19, 2004 23:59
The point is not that it will make the MM's pay money through their nose to cover or they have to buy CIM shares to give to the nakeds...the point is that they CAN'T buy CIM shares to do it...not like UCAD and how people are saying they can buy UCAD to use for "dividends" on their shorts... IP: Logged |
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Upside Member |
posted July 20, 2004 00:00
originally posted by will: quote: I'm treading into waters I'm not familiar with but who will be doing the accounting of the shares? My guess is the transfer agent and CMKX. Will this information be given to us? IP: Logged |
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will Member |
posted July 20, 2004 00:02
That I don't know, but it will be a matter of record at that date, whether it will be or must be published then , I don't really know ? ? ? quote: IP: Logged |
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STAR GAZER Member |
posted July 20, 2004 00:02
Casavant International Mining is not listed on any of the American or Canadian exchanges and has no SEC filings, but it is supposed to have zinc properties and the price of zinc has been climbing. So it may someday be given a symbol instead of just a series of numbers. Of course we have no idea how many shares would be issued. It can't trade for under .0001 and if the CMKX share count is 400 billion we would get 1 share for each 10 CMKX shares. If our float is 40 billion or less, we get at least a 1:1 share count. If someone has 1 million CMKX shares x .0001 = $100. If you have 10 million shares it = $1,000. But all of this is pure speculation with absolutely no facts to back anything up. Its just fun stuff plus with the out side chance that there could be some real money involved. Anyway, it seems like, if the MM's have done some naughty naked short selling, then it might give them another incentive to start putting some clothes on their naked shares. And of course, they will continue to try to manipulate people into selling their stock. CMKX was going full steam ahead to an .0005 close, up 25%, when at the very last a sale was put in at .0004 So when someone looks up to see how the stock did they will say darn, it didn't go up any today. IP: Logged |
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will Member |
posted July 20, 2004 00:05
The dividend would be paid to O/S, not the float.
quote: IP: Logged |
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VNGNTN1 Member |
posted July 20, 2004 00:05
PLEASE HUMOR ME FOR A RECAP 1-CMKX has activated a wholly owned subsidiary with no value to pay a paper dividend. 2-CMKX has paid $1m to CIM for 40bn shares of unreported claims. 3-CMKX has declared a dividend in the undeclared future which is derived from a "closely" held or related company for claims yet unproven. 4-Someone related to UCAD know they got a good deal. - - - - - NOW - - - - - A-With the legal representation & the UC marketing flair WHY the convoluted manuvers B-Something must be in the works. C-A value yet undisclosed is known to several who want it badly ???? D-Management is forcing those to jump thru hoops until ?????????? VAN
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Upside Member |
posted July 20, 2004 00:05
noah, That's more like a 2 dollar word. I'll tuck it away and use it sometime. I will concede the fact that you have a valid point about the MM's coming up with something that doesn't exist but if it doesn't exist, how is it paid to legitimate shareholders? IP: Logged |
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