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![]() CMKX ... VI ... The Saga Continues (Page 3)
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| Author | Topic: CMKX ... VI ... The Saga Continues |
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dwman Member |
This is from the cmkx unofficial board. It is long but I thought worth posting here. I don't know why the extra 300B shares was authorized but I have faith that UC is not diluting the company to scam the shareholders. He has been too public with his appearances at races and such. A scam artist would probably lay low out of the public eye. UC just isn't doing that. So there must be a good reason for it and it doesn't make any difference to us legitimate shareholders. I have never posted a big theory as to what is going on but I believe the following is happening. UC and Roger Glenn know we have a huge share problem (duh!). They also know how many outstanding shares there truely are because he issued them. I believe the audit done 2 months ago was not to determine the outstanding shares, but to determine who the shareholders are - that is who the legitimate shareholders are - people like you and me who pay our brokerage the current value and get shares - not the crooks out there like the off-shore hedge funds and the other organized crime people. So the audit tells UC who the legitimate shareholders are. WIth this knowledge I think the following will happen: CMKX as we know it today will go away. CMKX and its assets, along with the legitimate shareholders will move to CIM. Remember CIM is private and does not trade on an exchange. Therefore it is totally divorced from the MM and UC has control over who gets the private shares of this private company. Remember UC also said in the past that he wants a Casavant brand name on diamonds. With CIM, the name stays. Now you will probably say what about the CMKX name on the racecars and advertising etc. I will get to that later. So the question is, what is our (the legitimate shareholders) stake in CIM. We know that 40 Bil shares of CIM will be distributed. What we don't know is what the true O/S is. But there may be some clues. I think the 8% rule may be a key as others have stated. 8% of 483 B is 38.6 Bil. This is very close to 40 Bil (CIM distr). It may be possible that the true float is somewhere close to 40 Bil. That of course is before the 75 B was given in the recent purchase of 500,000 acres. Now the legitimate float is around 115B. We know that UC must own 51% so the O/S is probably double. So what does this say for our shares of CIM. Well if the float is 115B and UC has said that 40 Bil are going to the shareholders, you may get 1 share of CIM for every 3 shares of CMKX. So if you have 30 mil CMKX, you may get about 10 mil of CIM. I know the ratio of .028 has been floating around but that represents a ridiculous O/S of 1.4 T. So now we have a large number of shares of CIM. This is a good thing because I think CIM will then go public with its 40 bil shares on a major exchange. The springboard for going public is going to be valuation assessed from diamond finds. I truely believe there is more to Caroline than we think. The company has not said word one about the results of Caroline. If nothing of value was found, I think the company would have said hey we drilled and didn't find anything in this area and are moving on - end of story. The shareholders with half a brain would have said fine, we have 1.9 million acres more so go drill somewhere else. But the company has purposefully withheld the information. Also remember the un-substantiated reports that the talk in the bars and such around the area is that the "motherload" was found. Now let's say that Caroline has yielded an assessed value similar to the Debeers value. With 40 bil CIM shares now public, a good find may support a share price ($3) to qualify for a major exchange (the million millionaires). Now the share structure is straightened out. Since CMKX goes away, the MM don't cover anything - what a deal for them! The off-shore hedge funds and other criminals get the short end of the stick - aw too bad! Now we also know that UCAD is co-sponsoring the Las Vegas party with CMKX. So there is probably more to our involvement with UCAD than just a dividend. Perhaps the new entity that goes public will be more than just CIM but some sort of conglomeration of those companies we have been dealing with to form the mega-diamond empire. Now this will probably affect our overall share of CIM (or the newly formed company) but I think we will still be verrrrrry happy at this point. So when is the timeframe for this to happen. Hard to say but again we have some clues. Obviously the biggest is the Las Vegas party. Assuming that UC doesn't want a hotel full of P.O'd shareholders because the share price is .0002-4, something must be underway prior to this. UC has made several references to Labor Day weekend. This is substantiated by several fellow shareholders who have talked to him at the races. We may start to see the master plan unfold sometime at or after next weekend. This of course is all IMHO. I am not a stock expert and certainly am limited to the information I have gleaned from hearing from all of you and those who have met the Casavants. I just believe that something good is going to happen. If all we get is a few dividends out of the deal - hey that's not so bad either. Fokker IP: Logged |
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HarryHar Member |
Hey thanks for keeping up with posting good information to read while we wait. That's to all of you that have held up the fort here in the last week. Without you guys, it'd be a ghosttown here...I think I speak for a lot of lurkers...thanks guys! IP: Logged |
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noahltl New Member |
If you think the national anthem of Saskatchewan is "Viva Las Vegas", you may be a CMKX redneck. IP: Logged |
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Brad Member |
quote:
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dwman Member |
Sorry, brad. I confused it with the official site I guess. IP: Logged |
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CJEWingnut Member |
quote: Hey, The diamond play up here is gonna be huge...many REAL, LEGIT diamond companies are producing some interesting finds (Shore Gold, Kensington, Cogema, etc.. Don't get me wrong...I've made my profits off of CMKX and I'm still riding my free shares but, not counting anymore chickens just yet!! Things will happen irregardless of Urban. My 2 cents... IP: Logged |
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legal1082 Member |
Did anybody buy today? If so, at .0002 or .0003? IP: Logged |
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noahltl New Member |
quote:
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bill1352 Member |
i've been trying to get to the pr's from 2003 when UC first tryed the CIM or CMI thing, giveing out shares of one or the other. I know there was a link to a list of these but can't find that either. yahoo, msn, pink sheets, none go back that far. does anyone know which it was that was given out back then? was it CIM or CMI? and as they were reporting then wasn't the o/s at the time 500 million? they gave a 1 for 1 share dividend. it was early 2003 i think. IP: Logged |
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noahltl New Member |
Was this the one bill? http://questfordiamonds.com/research/topic4.htm IP: Logged |
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noahltl New Member |
Had to repost this one from another board to break the monotony: "I think there is gonna be a HUGE PR released this weekend concerning the new CMKXTreme Sippy Cup. [This message has been edited by noahltl (edited August 31, 2004).] IP: Logged |
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bill1352 Member |
that was it noah...thanks.....it was CMI not CIM sept 2003. it never went public either. i mentioned the cmkxz saga to the owner of the company i run today. the differance in the dividend split and the amounts of shares it works out to. that was around noon, i think he is still at his desk laughing. 4 yrs ago he made over 1 million in the market in 1 yr. he does very well with his stocks but then he has money in his account to move around IP: Logged |
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bill1352 Member |
i think thats about the only kind of pr we will be getting from UC for a while too noah. just a hunch but i don't think any news will be forth coming for at least a month IP: Logged |
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WinsumLosesum Member |
Sippy cup! That's a hoot. Thanks, noah, I needed that. By the way... You might be a CMKX redneck if you get your hot stock tips at a freakin' drag race.
quote: IP: Logged |
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noahltl New Member |
quote:
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noahltl New Member |
There's that "spinoff" word again from Schwab: Spinoff
Thank you for your patience while we researched your inquiry. I have spoken with our Reorganization department and the only information we I regret I do not have additional information, however, you are welcome to Please contact us if you have any further questions or concerns. Thank you for Sincerely, Vanessa Castillo [This message has been edited by noahltl (edited August 31, 2004).] [This message has been edited by noahltl (edited August 31, 2004).] IP: Logged |
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VNGNTN1 Member |
NOAH Have not heard from you on the race day to attend ? Leaning toward 9/5 as most important. May not be possible to attend. In any case please review my questions for CT radio. VAN IP: Logged |
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glassman Member |
2004-08-31 18:13:05
Business Editors LAS VEGAS--(BUSINESS WIRE)--UCAD-- U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced today that members of the company's management team have recently returned from Ecuador, where several of its operational employees are working diligently to increase the efficiency of the current operation. During this trip, management met with local attorneys to resolve all outstanding regulatory and tax matters and bring the facility's reporting system up to UCAD approved standards. In addition, management reached an agreement with Nevada Minerals' Ecuadorian subsidiary for joint operations in the Yellow River region. Rendal Williams, UCAD's CEO, stated, "We are extremely excited to have confirmation that all governmental and regulatory issues have been resolved and that the company is in good standing." Williams continued, "I am confident in the expertise of our joint operational partner here in Ecuador." Alejandro Diaz Silvia, geologist and operations manager for Nevada Minerals' Ecuadorian subsidiary, commented, "This further enhances the company's ability to increase its extraction and processing of gold ore from the Yellow River mine." Further details relative to this project will be forthcoming in future press releases and at http://www.uscanadian.com/ and http://www.yellowriver.com/. Safe Harbor Stat IP: Logged |
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shadow Member |
Well folks, I might just drop dead as I type. I was trying to call around to push the I called the number listed under Ameritrade next Step was to call the 1St Global Tranfer I then called the toll free number for Melvin. I did not get anyone but left
Once the Stock Transfer agent is in their
shad IP: Logged |
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VNGNTN1 Member |
I MUST SAY That does not sound good. VAN IP: Logged |
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WWJD-thru-me Member |
This is a link to a great post about the DTC and naked shorting. It is too long to post but well worth reading. It is 5 days old and I am surprised I hadn't seen it before. http://www.investors.com/breakingnews.asp?journalid=22803436&brk=1 IMO-Debi IP: Logged |
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tradingpennys Member |
"He told me that they did not have an office in Las Vegas that he knew of." ------------------------- WTF! The office is out of Casavants home? That doesn't sound yippee at all! Where is all this going...? I see ALOT of promo stuff to BUY, but nothing about diamonds or even searching, drilling or mining for the blasted rocks. This stock is really pissing me off. IP: Logged |
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secman Member |
CIM is NOT GOING TO BE A NEW IPO for CMKX:
Wouldn't it have been easier/more cost effective to start the marketing after the final joint venturing has been put in place?? Any thoughts.... IP: Logged |
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dwman Member |
I noticed VRA was among the companies listed above. I had that and lost money on it. Debi, I didn't see cmkx in the list. Did I miss it? Also, what are your feelings about shadow's post? IP: Logged |
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slowgothemo73 Member |
Qusetion: Now that we got our CIM dividend today, lets say for ****s and giggles, CMKX goes to a dollar tomorrow and i sell all 1.2m of my shares. Will my CIM shares still be calculated using my freshly sold 1.2m shares? IP: Logged |
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secman Member |
August 31, 2004 05:13 PM US Central Timezone U.S. Canadian Minerals' Management Team Completes Successful Ecuador Site Visit LAS VEGAS--(BUSINESS WIRE)--Aug. 31, 2004--U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced today that members of the company's management team have recently returned from Ecuador, where several of its operational employees are working diligently to increase the efficiency of the current operation. During this trip, management met with local attorneys to resolve all outstanding regulatory and tax matters and bring the facility's reporting system up to UCAD approved standards. In addition, management reached an agreement with Nevada Minerals' Ecuadorian subsidiary for joint operations in the Yellow River region.
Further details relative to this project will be forthcoming in future press releases and at http://www.uscanadian.com/ and http://www.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. this prove that ucad and cmkx are NOT merging due to the 25-30 so call quiet period.....now what...it's only CIM left in my opinion..... IP: Logged |
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dwman Member |
Do you have a chart that shows that secman? Just teasing. I think you may be right.IP: Logged |
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dwman Member |
This is not new stuff but just a reminder to not get hopes too high. However, it may fly this time because we have Roger. In 2003, the company moved from the OTC BB to the pink sheets and changed its symbol to CMKM. During 2003 Casavant Mining Kimberlite International acquired a company that was in the process of mining zinc. However, in order to maintain their focus on diamond exploration Casavant Mining Kimberlite International decided to "spinoff" the zinc division as a separate company. Casavant International Mining was formed and each shareholder of Casavant Mining Kimberlite International was issued a share of the new company for each share of Casavant Mining Kimberlite International that they owned. Originally, the spinoff company was going to merge with Mirador, Inc., a publicly traded company, to make the newly issued shares tradeable. However, plans for the merger have been put on hold indefinitely IP: Logged |
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noahltl New Member |
quote:
Thomas C. Cook
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Binky Member |
[QUOTE]Originally posted by dwman: [B] During 2003 Casavant Mining Kimberlite International acquired a company that was in the process of mining zinc. ============================================ I believe Casavant aquired zinc claims at George Lake, not a zinc mining company. i will try and find some info on this and post. IP: Logged |
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Binky Member |
quote: LAS VEGAS--(BUSINESS WIRE)--Sept. 19, 2003 Casavant Mining Kimberlite International (Pink Sheets:CMKM) The Board of Directors have approved the spin-out of the corporate zinc deposits at George Lake, Saskatchewan, its wholly owned subsidiary Casavant Mining International, Inc. (CMI). Shareholders of record who hold CMKM stock through close of market on Friday, September 19, 2003 will receive one share of CMI stock for every share of CMKM stock that they hold through this date. The payable date for the CMI shares of stock will be Friday, October 3, 2003. CMKM shareholders of record at the time will receive one share in CMI stock for every share they hold and will continue to own their CMKM stock. This spin-out will enable CMKM to concentrate on diamond exploration and development at Fort a la Corne, Saskatchewan. Urban Casavant shall remain as president during the interim until a suitable candidate has been selected to operate the zinc mining and exploration company. CMI has plans to launch a substantial drilling and exploration program at George Lake which is expected to start early 2004. At this time the zinc claims will remain an asset of the Company. CMI reserves the right to option the George Lake Claims out to develop the property as the location is favorable for mining and within approx. 60 miles of an existing smeltering plant. Casavant Mining Zinc Claims Overview The Company also has zinc claims that include the original George Lake zinc deposit (also known as Brakewell Lake). The George Lake area has had numerous diamond drilling, airborne electro magnetic surveying, geological, magnetometor, surficial geology and soil sample surveys conducted on these claims, from the late 1960's, to the early 1990's, after diamond drilling was completed in 1969 to 1970, an ore reserve calculation was released and recorded on Saskatchewan mineral deposit index #0663 of the Saskatchewan industry and resources website. The ore reserve was stated and estimated to be 5,000,000 tons of low grade reserves at 1% to 2.65% and 2,900,000 tons high grade reserves at 2% to 3.67%. This information was taken from a third party from a mineral property report from the Saskatchewan industry resources website, therefore, it cannot be guaranteed that this information is, in fact, accurate and can be accessed by going to www.ir.gov.sk.ca (click) department data bases, (click) mineral resource data bases, (click) Saskatchewan mineral deposit index, (click) search the mineral deposit index, (enter) 0663 in smdi field and (enter) George Lake in location field and (press) submit. (http://www.ir.gov.sk.ca/dbsearch/MinDepositQuery/Default.asp?ID=0663) There is no guarantee that drilling or further exploration will produce any economic benefit to the company or the shareholders of the company. IP: Logged |
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Binky Member |
quote: Here is some info from last year from the RB board. IMO, Arete posts honest and well researched DD. By: arete Those claims cover raw land that has been surveyed and drilled and yes there are zinc deposits down there. But there are no viable roads leading to the property thus everything has to be flown in to George Lake and then treked out to the property on trails. It will take millions to start a mining operation as well as several years. By: arete Doesn't this amount to a 200% increase in current holdings? Interesting background info: 1-Petro Plus (UCs old company) ended trading on 1/14/99 with Reverse split and a name change to IP: Logged |
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Upside Member |
Binky, The one claim that he/she is referring to was transferred from Odaat to Alberta Ltd. on January 6th 2003. Alberta Ltd is a Casavant owned company. IP: Logged |
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Binky Member |
quote: Thanks Upside......kind of brings to mind that Carter Family favorite, "Will the circle be unbroken" LOL IP: Logged |
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Upside Member |
My daughter once had a pacifier that she always called a binky. Are we somehow related? ![]() IP: Logged |
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lanebro Member |
quote: You know what I find really ridiculous? A bunch of penny traders walking around at the drags with CMKX shirts on. What happened to race fans? IP: Logged |
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Binky Member |
quote: The wife has told me a few times that I'm just a big sucker so who knows. IP: Logged |
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Upside Member |
Lanebro, Well, welcome aboard. The CMKX fans you see at the races are probably there to try to gain an audience with Mr. Casavant. When that fails, they wind up in the stands with their CMKX shirts on. Vegas game? I don't know. I'm not really a believer in this company but the rule of Vegas is "what happens in Vegas, stays in Vegas". This company is going out of its way to advertise itself and darn near everyone in America knows about them. They're definitely not doing anything quietly. [This message has been edited by Upside (edited September 01, 2004).] IP: Logged |
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lanebro Member |
quote: Word has it UC likes to hand out c-notes to his "buds" for dinner "on him" and what not. Better spent on the corporation, don't you think? It really smells of "tacky". I AM a race fan. I'm just checking him out, here and there. Scary what I've seen. IP: Logged |
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Upside Member |
Agreed. Keep digging around, let us know what you find. IP: Logged |
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lanebro Member |
quote: I really wonder if anyone here would listen. Seems there are completely biased opinions here, pro and con. I am just an observer who sees a "very strange" guy feeding his racing jones on the hard earned dollars of GOOD people like yourselves. IP: Logged |
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RaiderJR Member |
Todays law suit was a pretty good shot across the MM bow. Maybe the NSS will be settled without a law suit now. IP: Logged |
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noahltl New Member |
quote:
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tigertony Member |
Can I get the rights to this thread.I'm thinking of calling it the magic share theory.Somewhere in this thread I bet it tells where Hoffa is buried.I am just joking with you guys.I truly hope it does come out good for everyone.Just hang in there,one good dig reports all it will take. IP: Logged |
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shadow Member |
Thank you Noah. I will do just that. Hope to be able to call this evening
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secman Member |
quote: Lanebro keep up the good work ignore noahltl aja James Brewer he is one of those nimrods that shows up with a cmkx shirt and credit card and sippy cup IP: Logged |
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StonedPigeon Member |
Meanwhile back on the farm Grandpa ---having found a diamond while watering his tomatoes is convinced to sell his farm to Lanebro the local snake-oil salesman. Tune in nexted week when lanebro says: But grandpa what about the o/s ----------------------------------------- IP: Logged |
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bill1352 Member |
i just don't understand bashers that attack ppl. i'm a stockholder that doesn't see anything good happening anymore, not without a huge r/s but to belittle ppl that still hold hope that this will end they way they first hoped is foolish & childish. hide in a computer & call ppl names. it can't be to protect newbies because everything thats bad gets talked about over & over without name calling IP: Logged |
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dwman Member |
quote: And secman is one of those bashers who uses charts to bash when he doesn't know an ordinate from an abscissa. Lanebro...everything you have said has been designed to deride us and make you look like you are the last word on stock trading. Get a life. You probably no less than secman. You could learn alot from Noah. IP: Logged |
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legal1082 Member |
Hey guys, a friend sent me this email and it was pretty good. I hope it's not a repeat.
Basically a Roll-up IPO is used to create a national presence in industries that were dominated by small, independent companies and it is done by mergers and acquisitions. It is a special class of initial public equity offering where multiple small business entities are consolidated into a single publicly traded. The economies of scale created by merging these companies would allow the new company to initiate an advertising campaign that would attract many new investors and create the Brand awareness in competition with Debeers... Step 1....To identify the right industry... Step 2...Identifying the founding companies... Step 3...Creating interest.... Step 4...The Deal....
The Acquisition Program Once the Founding Companies agree in principal to the negotiated terms, a letter of intent is entered into to acquire each Founding Company, which outlines: (i) the basic economic terms of the acquisition, (ii) the employment and incentive compensation arrangements for the principals of the Founding Companies and (iii) the conditions to proceeding through the various stages, including due diligence and execution of definitive agreements. Definitive Acquisition Agreements After letters of intent have been entered into with all Founding Companies, the Holding Company will negotiate and enter into definitive acquisition agreements, which will include (i) customary representations and warranties on the part of the controlling shareholders or members regarding the business and financial condition of the Founding Companies; (ii) list various conditions precedent to closing on the part of the Holding Company, including (A) the absence of material adverse changes in the business or financial condition of the Founding Companies; and (B) the successful completion of the IPO; and (iii) list various conditions precedent to closing on the part of the Founding Companies, including among other things, the successful completion of the IPO at a per-share price not less than a specified amount. Closing The closing of the acquisition of the Founding Companies would occur contemporaneously with the closing of the IPO. All Founding Companies would have to be acquired for any to be acquired. However, the IPO raises enough funds and registers enough shares for future acquisitions as well. We shall soon find out... my guess Sept 04th week...
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