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 CMKX ... VI ... The Saga Continues (Page 34)
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| Author | Topic: CMKX ... VI ... The Saga Continues |
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noahltl New Member |
posted September 24, 2004 16:44
  
The "buy to sell" ratios will not match if the shares are being "created" in the NSS scenario, and being brought into the market as buys. IP: Logged |
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tradingpennys Member |
posted September 24, 2004 16:44
I've noticed while searching in mineral claims that Casavant had "classified" all info. so it is unavailable for public view now even green lakes zinc deposit that CIM has is non viewable. What's up with that I wonder. IP: Logged |
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tradingpennys Member |
posted September 24, 2004 16:54
quote: = = = = = = = Do you have an explanation ? VAN [This message has been edited by VNGNTN1 (edited September 24, 2004).][/B][/QUOTE] it's called D I L U T I O N IP: Logged |
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Esteban Member |
posted September 24, 2004 16:55
A quick question for some of the wiser traders on this thread: We have one record date(08-20-04) for our dividens, however, we have two payment dates for said dividends (9-24-04 and 10-06-04). Why the different payment dates and different percentages? Thanks, Steve IP: Logged |
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is300 Member |
posted September 24, 2004 16:57
quote: There are no Naked shorting no MM would nss a .0003 stock. The ratios are off because the 800 Billion A/s is being diluted into the O/S. What do you think the 300 billion A/s is doing? Just sitting there catching a good tan? They were authorized by CMKX to further dilute the company. Pre-school traders are the only ones things "Oh yes it's the master PLAN!!!!". Where are the new Carolyn samples?.. of course it's already forgotten where is the OFFICIAL FROM CMKX PR on the original carolyn results size? of course they never released them. Where is the PR on share structure.. of course they want that hidden as 800 billion A/s in a PR would drop the stock to .0001. Lies and manipulation by managment and paid pumper/lackeys like sterling and el camino have perpetuated the scam. IP: Logged |
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VNGNTN1 Member |
posted September 24, 2004 17:03
WALLACE I need help The "Stockpatrol" response to the "great Debate" just called me a name(experienced touts and starry-eyed naifs) could you pick the one that fits me, Thanks VAN IP: Logged |
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lionelbuff Member |
posted September 24, 2004 17:35
Called at 4:45pm(EST)about UCAD shares concerning CMKX and distribution date was put off until 10/6. According to Ameritrade, was obtained directly from the company and not the dispository. Noah, thanks so much for welcoming us aboard and appreciate your hundred of hours of dedication. Wallace, sorry will not be going to York but there is a Ted Mauerer auction every two weeks in my area and sell over $200,000 of worth of Lionel and other merchandise. You might want to check this out. The website is http://www.mauerail.com Jack IP: Logged |
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glassman Member |
posted September 24, 2004 17:44
Business Editors LAS VEGAS--(BUSINESS WIRE)--CMKX-- CMKM Diamonds Inc. (Pink Sheets: CMKX) announced that the dividend of U.S. Canadian Minerals Inc. stock will be paid on Oct. 6, 2004, rather than today. "The delay was because of the enormous amount of administrative work that needs to be done by the transfer agents for both companies in order to make that distribution," said Urban Casavant, the company's chief executive officer. "We do not anticipate any further delays in paying the dividend." The record date for the dividend remains unchanged. Rendall Williams, CEO of UCAD, stated, "Through the suggestion of management of CMKX and their corporate attorney, D. Roger Glenn, UCAD's management has agreed to issue additional shares for the round-up process for this distribution. UCAD has agreed to issue additional shares so all CMKX shareholders can take part in this distribution." Williams continued, "The relationship with CMKX shareholders is a welcome addition to our new family." Glenn said, "The company's accountants are working to complete the audit of the company's financial statements. When that has been accomplished, the company will be well on its way to becoming a reporting company again." Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks 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 IP: Logged |
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WinsumLosesum Member |
posted September 24, 2004 17:45
Too slow. [This message has been edited by WinsumLosesum (edited September 24, 2004).] IP: Logged |
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betting babe Member |
posted September 24, 2004 17:47
ahhhhh! doji (insert lightbulb here) happy that was cleared up =) ~BB IP: Logged |
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sdrobert Member |
posted September 24, 2004 17:49
well If it never does anything great I wont sell Ill just keep complaining if it goes down to .0001 Ill sell then and break even. but I like to complain. so Ill keep complaining. if it goes for a run Ill be happy and say great things. but if it does bad Ill cry all they way. Ok Noah since you are so knowing when it comes to this stock explain this. Only the company through its decisions and actions can change the dividend ratio and distrubution (sp) date, since that is the case and urban cares so much for his investors why not let the people he cares for know why. He does not even have to be specific. he could not even tell us why,just tell us period, not force us all to call our brokers and/or check the otcbb to see that it is changing. If you were the CEO and you considered your investors family members what would you do?? There hasnt even been a pr that states exactly what the ratio is going to be, but if you call etrade, ameritrade or you look on the otcbb they all state the same thing. why cant they tell us anything?? what would be the reason to not tell important info to your investors. if it was great news there would be no reason. if there was something fishy going on or something not on the up and up going on there would be a reason not to say anything. how about something like this. "the divedend was scheduled on ..... date with a ratio of .... however because of ..naked shorting problem or .....so many investors or ......high interest in the free share divy... there will be a slight delay or ....an extension and the distro has been changed to date....... wow that was soooo hard to do. wait I have a better idea. LETS GO TO THE RACES. IP: Logged |
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noahltl New Member |
posted September 24, 2004 17:49
ROGER SPRINGS THE "TRAP". YEAH!!!!!!!! IP: Logged |
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sdrobert Member |
posted September 24, 2004 17:51
oops wow that was wierd came over as I was complaining. thank you roger I am glad at least someone is on the ball. IP: Logged |
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sdrobert Member |
posted September 24, 2004 18:06
see complaining does help sometimes. IP: Logged |
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sdrobert Member |
posted September 24, 2004 18:09
OH PLEASE STOP THAT "BIZARRE I FOUND THIS IN MY EMAIL" ITS BEEN POSTED A MILLION TIMES YOU ARE A LIAR!!!!! QUIT POSTING THAT EVEN THE BIGGEST BASHER WOULD NOT BE STUPID ENOUGH TO REPOST AN ELEGID EMAIL FROM MONTHS AGO AND SAY HE JUST GOT IT COME ON GIVE ME A BREAK!!!!!!!!! IP: Logged |
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sdrobert Member |
posted September 24, 2004 18:12
OH YEAH i SAW THAT SAME "BIZARRE EMAIL POST" ON TWO OTHER BOARDS THE PAST 6 MONTHS. BASHERS AND PUMPERS BOTH HAVE VALID POINTS BUT THAT REPETITIVE POST IS RETARDED. IP: Logged |
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VNGNTN1 Member |
posted September 24, 2004 18:16
OK The PR was 100% legal R.Glenn, that is good news. As to the other deatils, guess we are still waiting. VAN PS: WALLACE please get back to me quick on where I fall into the "STOCKWATCH" catagory so I know how to "SPIN' my posts. [This message has been edited by VNGNTN1 (edited September 24, 2004).] IP: Logged |
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bill1352 Member |
posted September 24, 2004 18:25
VAN...i forget how he said it worked but the point was investers bought & sold 10's of billions of share blocks at a time often. as for the post a bunch up...ameritrade as of 3pm eastern time had no word from the DTC and thats where they get the shares and are told how many shares are in their street name account and the split amount. I told the guy about the OTC BB post he looked there & and the nasdqa trader site I think he said it was and both said the 6th. he took that to mean no shares today IP: Logged |
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bill1352 Member |
posted September 24, 2004 18:28
welcome lional...i live about 15 miles from the factory in new baltimore MI IP: Logged |
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bill1352 Member |
posted September 24, 2004 18:33
well ya know what...thats not new baltimore its across gratiot so its chesterfield township....wouldn't want to post false info here i'd have noah & wallace calling me names...just kidding....though it might get them agreeing about something...lol IP: Logged |
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will Member |
posted September 24, 2004 18:35
?????????????????????????????????
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noahltl New Member |
posted September 24, 2004 18:46
quote: Will, I was going to explain the trap, but I will defer to our resident Wall Street experts to explain the trap. I'm sure they can recognize what happened. Come on guys, "splain" the trap. IP: Logged |
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glassman Member |
posted September 24, 2004 18:57
Noah, you oughta go into politics....LOL IP: Logged |
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Upside Member |
posted September 24, 2004 19:13
originally posted by noahltl: quote: I don't get it either. Please explain. IP: Logged |
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finky4x2 Member |
posted September 24, 2004 19:14
-------------------------------------------------------------------------------- CMKM Diamonds Announces Dividend Stock Will Be Paid on Oct. 6, 2004 9/24/2004 5:44:00 PM
Rendall Williams, CEO of UCAD, stated, "Through the suggestion of management of CMKX and their corporate attorney, D. Roger Glenn, UCAD's management has agreed to issue additional shares for the round-up process for this distribution. UCAD has agreed to issue additional shares so all CMKX shareholders can take part in this distribution." Williams continued, "The relationship with CMKX shareholders is a welcome addition to our new family." Glenn said, "The company's accountants are working to complete the audit of the company's financial statements. When that has been accomplished, the company will be well on its way to becoming a reporting company again." IP: Logged |
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finky4x2 Member |
posted September 24, 2004 19:16
srry for repost, Glass beat me to it IP: Logged |
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noahltl New Member |
posted September 24, 2004 19:35
quote: Already been there glass IP: Logged |
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noahltl New Member |
posted September 24, 2004 19:40
http://www.sec.gov/rules/final/34-50103.htm B. Short Sales in Threshold Securities — Rule 203(b)(3) With slight modification from the proposal, a "threshold security" is defined in Rule 203(c)(6) as any equity security of an issuer that is registered under Section 12, or that is required to file reports pursuant to Section 15(d) of the Exchange Act82 where, for five consecutive settlement days: there are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security; that the level of fails is equal to at least one-half of one percent of the issuer's total shares outstanding; and the security is included on a list published by an SRO. 83 We believe this threshold characterizes situations where the ratio of unfulfilled delivery obligations at the clearing agency at which trades are settled represents a significant number of shares relative to the company's total shares outstanding. We believe that such circumstances warrant action designed to address potential negative effects.84 This narrowly targeted threshold will not burden the vast majority of securities where there are not similar concerns regarding settlement.85 Our OEA analyzed recent data from NSCC on fails to deliver and calculated that approximately 3.9% of all exchange-listed and Nasdaq securities, and 4.0% of all securities, would meet this threshold.86 In order to be deemed a threshold security, and thus subject to the restrictions of Rule 203(b)(3), a security must exceed the specified fail level for a period of five consecutive settlement days. Similarly, in order to be removed from the list of threshold securities, a security must not exceed the specified level of fails for a period of five consecutive settlement days.87 This five-day requirement will address the potential situation where a security exceeds the fails level on one day, based on an aberrant fail to deliver that may not be indicative of the usual pattern of that particular security, and thus would prevent potential "flickering" of securities in and out of the list of threshold securities.88 Rule 203(b)(3) is intended to address potential abuses that may occur with large, extended fails to deliver.89 We believe that the five-day requirement will facilitate the identification of securities with extended fails. As is currently the practice for Nasdaq securities that exceed the threshold designated in NASD Rule 11830, the pertinent SRO will be responsible for publishing a daily list of the threshold securities that are listed on their markets, or for which the SRO bears the primary surveillance responsibility.90 The SROs derive the information necessary to calculate the list of threshold securities from data on fails to deliver currently received from NSCC.91 IP: Logged |
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HarryHar Member |
posted September 24, 2004 19:40
so what's the trap? IP: Logged |
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noahltl New Member |
posted September 24, 2004 19:56
NASD Notice to Members 04-54 Operative Date of Short Sale ACT Reporting Requirements for OTCBB and Other Non- IP: Logged |
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Upside Member |
posted September 24, 2004 20:37
Noah, Instead of posting the new rules and regulations, why don't you tie it all up for all of us and explain exactly what you're thinking? IP: Logged |
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noahltl New Member |
posted September 24, 2004 20:41
quote: I wanted to give Wallace a little time to come up with, and posted SEC to give a couple clues. IP: Logged |
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glassman Member |
posted September 24, 2004 20:53
somebody said, (and i agree with them) that if there are so many NS shares in people's accounts, a WHOLE LOT of brokers are going to be in BIG trouble too.... because it's their responsibility to report the failure to deliver...... this was supposed to have been fixed by new software earlier this year(brokers checking in their accts for undelivered shares) Scottrade won't let you buy CMKX tho, maybe thats the real reason??? IP: Logged |
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will Member |
posted September 24, 2004 20:55
Well, remembering back a few months there was an ammendment to rule 203, 81, 82?, 80 somethings. It made it more difficult for the MM's to NSS. Gave the rule more teeth. It was implemented on issuance, your link says, but wasn't enforced until now. I don't understand the 5/13 day deal, can't put it together with original rule 203 post, too much missing. However it appears whatever the "catch" is RG is going to test it.
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Wallace#1 Member |
posted September 24, 2004 21:19
Jack & wife, Hope you are into CMKX at a really low pps. I was hoping to maybe meet you both in York. Now, as to noahltl, What Glenn said, is nothing more than he said in his first released statement re an audit of the company. SAME WORDS TOO!!! What level of mismanagement cannot even do so little as to set a definitive payment date on dividends? Don't you know that specifying related dates is a common practice when paying dividends? I bet Glenn knows that if he had been with the SEC and if he has even a modicum of securities knowledge. Where was your supposed "know-it-all" Glenn when said dividends were authorized and announced? [This message has been edited by Wallace#1 (edited September 24, 2004).] IP: Logged |
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Wallace#1 Member |
posted September 24, 2004 21:40
Trap, noahltl? "I wanted to give Wallace a little time to come up with, and posted SEC to give a couple clues." ------------------------------------------- If there is/was any generally large NSS, the only thing Glen/CMKX could do is litigate. Maybe they figure that is the only way they can get any real $$$$s, instead of passing from one hand to the other and back again. They certainly do not seem to be getting anything from their so-called diamond explorations and drilling. They do seem, however, to have been disposing of claims that they previously used to arbitrarily value the company. They're part of the ones that pumpers have been attributing so much "potential" to. Tell me what the deal is now with SGGM and Casavant's niece. Suddenly she's not IR? More confusion? More diversion from CMKX? Purposeful???? [This message has been edited by Wallace#1 (edited September 24, 2004).] IP: Logged |
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noahltl New Member |
posted September 24, 2004 21:45
For the past several weeks, hundreds of people on the several different boards that I visit were reporting having received their UCAD dividends. Even a few here have reported such. How could that be when the TA announces they haven't even sent them out yet. The really amazing thing was that some people reported actually having sold their UCAD dividend shares. Now that can't be can it? Some might answer that a few brokerages were just jumping the gun on their accounting, and the sales were accidental. But to let shares be sold when they were restricted????? That is not going to happen that many times. A couple of days ago, someone here asked how the MM's could short restricted shares. They can't. So the theory is that they substituted naked short shares of UCAD for the restricted ones. The brokerages put them in various investors accounts and they showed up when many went looking. They could be sold, because they were only naked shares, not restricted shares. The MM's were shoving in naked shorts all day today in many people's accounts so that they would be diluted in the mix with all of the real dividend shares. Buy guess what, no legit shares showed up today. Instead Roger announces that they will be put in our accounts on Oct 6. THE GOTCHA MOMENT Now it is easy to catch the naked shorters. They have placed all of these additionally shorted UCAD shares into accounts to cover, and now each placement can be traced directly to the Naked Shorter. Coincidence that this occurs on the effective date of the SEC regs on naked shorting? Coincidence that CMKX will place the divies on the 12th day from now, the day before the 13th day for settlement? I think this was a brilliant head fake by Roger to get the naked shorts to tip their own hands and show us what they got. IP: Logged |
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Upside Member |
posted September 24, 2004 21:50
Noah, I have to tell you, I laughed for a full minute straight when I read your last post. Now be honest here, do you really believe this latest theory? Come on, you cant, can you? Still laughing out loud! IP: Logged |
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will Member |
posted September 24, 2004 21:53
I ain't buying it. I still do not fully understanding how the changes to rule 203 translate to the current CMKX situation. Explain that to me like I'm a six year old, and then maybe I can see how it applies to the UCAD covers and all.
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Wallace#1 Member |
posted September 24, 2004 22:00
Geezzz, noahltl, have you gone over the edge? LMAO IP: Logged |
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noahltl New Member |
posted September 24, 2004 22:02
If you can't bash the theory, bash the person. I know. IP: Logged |
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tigertony Member |
posted September 24, 2004 22:03
And now a commercial break befor we return you to another episode of AS FOR DIAMONDS WE YEARN HAVE a laugh keep smiling and GOOD LUCK IP: Logged |
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will Member |
posted September 24, 2004 22:08
noah, is that your explanation of "springing the trap" ? If it is, I'm not laughing, just trying to understand it. Can you explain it a little better, I'm kind of slow. IP: Logged |
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Wallace#1 Member |
posted September 24, 2004 22:10
Just thought you might be unwell! Where did you get that theory from? Still LMAO!! Are you now saying that Oct 6 is the final day of reckoning? Is that now cut in stone? [This message has been edited by Wallace#1 (edited September 24, 2004).] IP: Logged |
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will Member |
posted September 24, 2004 22:12
Hold on a minute, he'll explain it so it makes sesnse.
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Upside Member |
posted September 24, 2004 22:13
Noah, I'm not bashing you at all. I'm just in disbelief over this theory and can't believe that someone would actually buy into it. At best, I'm assuming you're taking it with a grain of salt, right? IP: Logged |
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noahltl New Member |
posted September 24, 2004 22:14
quote: The MM's loaded up accounts with naked shares today. Today the regs go into effect. They now have 13 days to make good on those shares. The MMs thought they didn't have to deal with these naked shares for a year. Under the regs, their nakedness now being very obvious, are going to have to cover them all by Oct 7 (depending on whether 13 days or 13 trading days)and the price of UCAD is going to skyrocket between now and then. (Note to self: BUY UCAD monday morning) IP: Logged |
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tradingpennys Member |
posted September 24, 2004 22:19
quote: The stock manipulator Casavant! IP: Logged |
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will Member |
posted September 24, 2004 22:19
No UCAD shares in my account. I still ain't buying it. IP: Logged |
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WinsumLosesum Member |
posted September 24, 2004 22:20
UCAD dropped like a stone around 3:30 today. What's up with that? IP: Logged |
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