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Author Topic:   CMKX ... VI ... The Saga Continues
DIGDOUGH
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posted October 01, 2004 13:56     Click Here to See the Profile for DIGDOUGH     Edit/Delete Message   Reply w/Quote
Ok maybe there isn't a divdend on sggm ,but I read that they payed 200,000,000,000 shares of their stock along with 10 million dollars to get a piece of cmkx and I don't know where that loot is going

quote:
Originally posted by will:
There are so many dividends I can't keep track. Was there a dividend announced for SGGM? I don't recall a dividend, I know of three, UCAD, CIM, and GEMM.

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DIGDOUGH
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posted October 01, 2004 14:00     Click Here to See the Profile for DIGDOUGH     Edit/Delete Message   Reply w/Quote
I wish they would find uranium, theres a legitimate shortage of that in the world right now.


quote:
Originally posted by Justhis1ce:
The UCAD divvy's: they don't mean a thing 'cause they ain't got that swing...like DIAMONDS!! SGGM, CIM, GEMM, AMFM, ACDC, LSMFT, NASA...just letters on a slow scrolling page. Since you asked I'll either sell or lose the whole lot when I find out there no DIAMONDS!! Absolutely NOTHING here to get worked up about. 4 MIL at '2 & '3, not much to lose, but a considerable gain if... The long shot has always been the sentimental favorite. Too many chefs watching this pot and they don't even have the main ingredient...DIAMONDS!!
Another problem on this thread: failure to communicate i.e. intellectual failures attempting to communicate. All up in the Kool Aid and don't even know the flavor. MPO

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pharmdman
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posted October 01, 2004 14:02     Click Here to See the Profile for pharmdman     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by DIGDOUGH:
I wish they would find uranium, theres a legitimate shortage of that in the world right now.



Maybe they should dig in Iran or North Korea! LOL

[edit spelling]

[This message has been edited by pharmdman (edited October 01, 2004).]

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GatorMan
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posted October 01, 2004 15:18     Click Here to See the Profile for GatorMan     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by DIGDOUGH:
Ok maybe there isn't a divdend on sggm ,but I read that they payed 200,000,000,000 shares of their stock along with 10 million dollars to get a piece of cmkx and I don't know where that loot is going


Race cars and parties.

------------------
~,-,-< GatorMan

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netsec
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posted October 01, 2004 15:43     Click Here to See the Profile for netsec     Edit/Delete Message   Reply w/Quote
Anyone watch those 9,999,999 blocks go through? About 7 of them in 2 min all at .0002$.

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dwman
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posted October 01, 2004 15:51     Click Here to See the Profile for dwman     Edit/Delete Message   Reply w/Quote
http://www.sec.gov/cgi-bin/cik.pl.c

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tradingpennys
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posted October 01, 2004 15:53     Click Here to See the Profile for tradingpennys     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by netsec:
Anyone watch those 9,999,999 blocks go through? About 7 of them in 2 min all at .0002$.

Yep! It will probly be tanking to 0.0002 soon.

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Rags2BetahRags
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posted October 01, 2004 15:53     Click Here to See the Profile for Rags2BetahRags     Edit/Delete Message   Reply w/Quote
NEW BUSINESS: Our Profile List stock St. George Metals, Inc. (OTCBB: SGGM 0.01 x 0.02) issued a Press Release announcing that the Company has finalized a joint venture agreement where St. George Metals, Inc. (Pink Sheets:SGGM) will purchase a 5% unencumbered and absolute interest in any and all mineral claims held by CMKM Diamonds, Inc. in consideration for $10,000,000 US Dollars and two hundred billion (200,000,000,000) restricted shares of SGGM.

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tradingpennys
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posted October 01, 2004 15:54     Click Here to See the Profile for tradingpennys     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by dwman:
http://www.sec.gov/cgi-bin/cik.pl.c

Link didn't work

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Rags2BetahRags
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posted October 01, 2004 15:55     Click Here to See the Profile for Rags2BetahRags     Edit/Delete Message   Reply w/Quote
I dont follow this stock nor do I personally like it But this looked interesting to those that are invested in it and wanted to show what I came across even if it is behind everyone else. I just thought I would share it not that it is rocket science or that anyone didnt already know.

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dwman
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posted October 01, 2004 15:55     Click Here to See the Profile for dwman     Edit/Delete Message   Reply w/Quote
It gives cik index number. I'm trying to figure out how to access the full report.

Looks like they filed today.

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dwman
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posted October 01, 2004 15:59     Click Here to See the Profile for dwman     Edit/Delete Message   Reply w/Quote
looks like they filed something at 15:58 today.

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musicamex
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posted October 01, 2004 16:04     Click Here to See the Profile for musicamex     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by dwman:
http://www.sec.gov/cgi-bin/cik.pl.c


huh? link didn't work.

gator man---i'm with you on that one. race cars like "notfunny cars". i used to race drag cars in my youth. from what i have seen of their drag machines i know they have some major jack tied up in them and wonder why that money didn't go into a good drill rig.

i have been following this stock for so long, i think their real calling is a tv mini series. best plot i've seen in years.

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dwman
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posted October 01, 2004 16:08     Click Here to See the Profile for dwman     Edit/Delete Message   Reply w/Quote
Sorry... Looks like I jumped the gun. I called SEC and gave them the CIK number that I pulled up and she said that the latest filings were from Jul 2003 for Casavant mining kimberlite international. Forgive me.

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WinsumLosesum
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posted October 01, 2004 16:34     Click Here to See the Profile for WinsumLosesum     Edit/Delete Message   Reply w/Quote
Just got this reply from Ameritrade:. If this is old news, sorry - I can't keep this stuff straight anymore.

Thank you for contacting us today concerning CIM.

Preliminary information has indicated that the payable date for the CIM spin-off shares has been pushed back to 10/18/04. You may contact the company directly for more information.

If you have further concerns or inquiries, please reply to this message.

Sincerely,

Rebecca Henson
Apex Client Services, Ameritrade
Division of Ameritrade, Inc.

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Earth_Shaker
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posted October 01, 2004 17:11     Click Here to See the Profile for Earth_Shaker     Edit/Delete Message   Reply w/Quote
http://stockpatrol.com/schlock/doghouse/u_cmkm5.html

CMKX is on watch with STOCK PATROL.

Be careful !!!

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dwman
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posted October 01, 2004 17:22     Click Here to See the Profile for dwman     Edit/Delete Message   Reply w/Quote
Earth-shaker
That was posted back on the 7th. It may have been posted more than once. Old news is not too scary especially coming from stock patrol.

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bill1352
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posted October 01, 2004 18:04     Click Here to See the Profile for bill1352     Edit/Delete Message   Reply w/Quote
the uranium in north korea is ours, clinton gave it to them, now the stuff in iran???...lol

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bill1352
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posted October 01, 2004 18:26     Click Here to See the Profile for bill1352     Edit/Delete Message   Reply w/Quote
ppl speculating on uranium..ya think maybe shore gold or debeers might have found uranium too since the place we are now drilling is right between both them?? the only thing cmkx will find is diamonds. if shore or debeers found uranium we would know it. as for finding it in some of the other claims we have?? well they have drilled 2 - 2 1/2" holes in 2 places in 1 yr with 100 anomolies at the rate they are moving 200 yrs from now we might know. i still believe we will be rewarded for holding long term but for the thousands of shareholders with a few million shares we won't be buying any new cars with the reward.

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Wallace#1
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posted October 01, 2004 19:38     Click Here to See the Profile for Wallace#1     Edit/Delete Message   Reply w/Quote
netsec,

That number (9,999,999) does not have to be considered unusual. Choice Trade allows trades up to 10,000,000 minus 1 share. So, they could be from someone with either that or a similar account.

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glassman
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posted October 01, 2004 21:49     Click Here to See the Profile for glassman     Edit/Delete Message   Reply w/Quote
just remember, no matter how slowly they drill, as long as the DO drill, they are NOT a scam........

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penny-trader
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posted October 01, 2004 22:54     Click Here to See the Profile for penny-trader     Edit/Delete Message   Reply w/Quote
i dont know if any one has brought this forward. but i got a letter today stating that they ucan shares that where supposed to be paid out on Sept 24th are now being paid out on Oct6th. I know we all knew that much, but they also have lowered the amount being paid out. they originally where giving 15 shares per million and as of todays letter that i recieved they have lowered it to 8.5 per million.

i thought that i read that they where going to increase the number of shares.

please fill me in if im out to lunch on this one.

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bill1352
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posted October 02, 2004 11:06     Click Here to See the Profile for bill1352     Edit/Delete Message   Reply w/Quote
looks like they even lowered it more. it went from 15.5 per million to 9.5 per million which gave us the 783 billion o/s number that figure makes the o/s 882,352,941,176 which unless its been changed again is over the a/s of 800 billion seems like every month another 100 billion gets added to the o/s at .0003 thats $30 million somebody sure is making a few bucks on this and its not the shareholders.

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TruthTeller
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posted October 02, 2004 11:41     Click Here to See the Profile for TruthTeller     Edit/Delete Message   Reply w/Quote
Bill..
Can't agree more, it sure looks like CMKX is dumping more shares. May be UC is dumping more shares so that more people get hold of them and more millionaires can be made.

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highwaychild
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posted October 02, 2004 20:08     Click Here to See the Profile for highwaychild     Edit/Delete Message   Reply w/Quote
Rumor was Tommy Boy,er I mean, Melvin was gone...

His response yesterday...
Melvin says;

Good afternoon, I have not been replaced or quit this fine company.

I will continue to do my job for the company.

I would like to apologize to the bad comment I made about the motherload. It was uncalled for and I'm sorry.

I would never jepordize this company by saying things that are not true.

I believe in this company and Urban. But mostly I believe in you people.

I know you all want answers and I will continue to do my best to get them for you. I respect each of you, and all I ask is respect in return. In closing All I ask is you believe in this company and you believe in me the IR person. With your help we will make this company vialable and make this company work.

Thank you for your time, god bless.

--------------------------------------------------------------------------
My response,on his response...I just think he's felling guilty Mt. St. Helens was erupting before CMKX did.LOL...I bet He didn't expect that happening.

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bill1352
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posted October 02, 2004 23:02     Click Here to See the Profile for bill1352     Edit/Delete Message   Reply w/Quote
with 800 or 900 billion o/s this company can not work the way a number of ppl were talking. there are a number of better then $1 pps but the biggest o/s in any of them i've seen is 90 billion and they make money. this stock is going to need huge news just to get to .001. should get an account that can trade canadian stocks & buy UCA & KPG then when they hit those diamonds might make big money.

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tradingpennys
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posted October 03, 2004 02:53     Click Here to See the Profile for tradingpennys     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by highwaychild:
Rumor was Tommy Boy,er I mean, Melvin was gone...

His response yesterday...
Melvin says;

Good afternoon, I have not been replaced or quit this fine company.

I will continue to do my job for the company.

I would like to apologize to the bad comment I made about the motherload. It was uncalled for and I'm sorry.

I would never jepordize this company by saying things that are not true.

I believe in this company and Urban. But mostly I believe in you people.

I know you all want answers and I will continue to do my best to get them for you. I respect each of you, and all I ask is respect in return. In closing All I ask is you believe in this company and you believe in me the IR person. With your help we will make this company vialable and make this company work.

Thank you for your time, god bless.


---------
"I would like to apologize to the bad comment I made about the motherload. It was uncalled for and I'm sorry."
^
Sooooo what does that mean? He was lying???

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highwaychild
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posted October 03, 2004 09:36     Click Here to See the Profile for highwaychild     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by tradingpennys:
---------
"I would like to apologize to the bad comment I made about the motherload. It was uncalled for and I'm sorry."
^
Sooooo what does that mean? He was lying???

Well let me see my crystal ball here says...Nope.No dice.It's too clouded by all of his other comments that he has made.
But you should really see what's on MY desk!I'm gone.

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glassman
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posted October 03, 2004 10:43     Click Here to See the Profile for glassman     Edit/Delete Message   Reply w/Quote
i think Melvin might have a future in POLITICS...LOL

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Az...Cats
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posted October 03, 2004 11:47     Click Here to See the Profile for Az...Cats     Edit/Delete Message   Reply w/Quote
Dr. Diamonds MP3 from paltalk:Oct 1 http://www.bigskysoftware.net/CMKX/DrD_CMKX_Oct0104.mp3

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tradingpennys
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posted October 03, 2004 13:43     Click Here to See the Profile for tradingpennys     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by highwaychild:
Well let me see my crystal ball here says...Nope.No dice.It's too clouded by all of his other comments that he has made.
But you should really see what's on MY desk!I'm gone.

LMAO

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tradingpennys
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posted October 03, 2004 14:01     Click Here to See the Profile for tradingpennys     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Az...Cats:
Dr. Diamonds MP3 from paltalk:Oct 1 http://www.bigskysoftware.net/CMKX/DrD_CMKX_Oct0104.mp3

Who is Dr Diamond anyways? Is he just a pumper? Or does he work for CMKX in another way?

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TruthTeller
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posted October 03, 2004 15:20     Click Here to See the Profile for TruthTeller     Edit/Delete Message   Reply w/Quote
More pump juice from Dr.D

He sees a PPS of .50+ in 60 – 360 days without R/S. I don't care if he is a paid pumper or not but I do feel sorry for the people who believe this. Man I'd LOVE to eat crow in 60 - 360 days.

-------------------------------------

Where do we go from here?

CMKX has came a long way from the days when Urban, Carolyn, and relatives were staking claims in the Big Sandy and other promising sites. I’m sure for Urban it has been a roller coaster ride for 17 years as we have just been riding a few years to a few days. We can within reason trace the steps forward from the early days to the present, but where do we go from being:
1. A non reporting Pink Sheet Diamond Exploration Company
2. with 1.4 plus million acres of mineral rights and options in the worlds largest diamond fields
3. carrying upwards of a 40,000 member shareholder base
4. with an 800 billion A/S and an unknown O/S.
5. extra baggage of probably a trillion or more NSS positions
6. with a PPS seemingly stalled between .0002 and .0004
7. holding millions of dollars from selling of percentages in the company’s mineral rights
8. holding 200 billion shares of SGGM worth near 50 billion dollars
9. an undeterminable market value but guessed to be near $240 million
10. Way undervalued and seemingly struggling in the market, yet gaining partnerships
11. Issuing 3 share dividends to the faithful shareholders to establish value beyond the market determinations
12. unreported core samples and lab results in several kimberlitic pipes
13. holding an aerial survey exposing hundreds of magnetic and non magnetic anomalies in a kimberlitic cluster heaven
14. a management team at the helm that companies only dream about
15. etc………….

Budgieboo’s answer would be “To DAA MOOON”

In short I believe that we will be successful in stages; short – mid – and long term.
I believe:
SHORT TERM
1. we will become fully reporting as a top priority
2. we will immediately make application to the OTCBB with our sites on the AMEX
3. we will expel fears about the share structure by reporting a low O/S and removing the ideas of a R/S
4. we will reveal our financials and show relatively no debt as most acquisitions have been satisfied mainly with share payments and establish a valuation that can be calculated
5. we will see revenue begin flowing in from investments and holdings in other companies and the PPS begin to rise as CMKX valuation begins to appreciate in the market
6. we will update the findings on the core samples and lab results that have been withheld pending our fully reporting status
7. identification will be made to our new joint venture partners and their roll with CMKX
8. clarity will be brought to many of CMKX’s investments, assets, financial accounts and private fundings
9. we will receive our 3 share dividends and see our portfolio values begin to grow
10. we will arrive on the OTCBB with a growing PPS, huge shareholder base and interested and inquisitive institutional investors coming to the table

Mid Term (60 – 360 days)
I believe we will see
1. a PPS .50+
2. a decreasing shareholder base as many investors sell out prematurely only to be replaced by eager institutional investors that are fewer but with big bucks
3. 2 to 3 open pit mines are planned to begin stages of bulk sampling in our super kimberlitic pipes as they have already been “proved up” and feasibility determination has been reached
4. Core sampled and valued target pipes are put on the market to raise more revenue and capital for the mining plans to be realized
5. Continued discovery of minerals and ores will be divided out to JV partners for extraction of gold, uranium, zinc, oil, gas, etc... while CMKX focuses primarily on diamonds
6. Uranium deposits are sold off to IUC or JVed out to JNR Resources and United Carina as government monies are provided for the undertaking as well
7. The management team is flowing as UCAD, CIM, GEMM, and others kick in to their respective flow and investors begin realizing continued valuation in their portfolios from additional share dividends and a modest cash dividend.
8. Shareholders see a boost from a 3 to 1 forward split from UCAD as they splash onto the Nasdaq with momentum from their CMKX investments and their gold processing plant coming into full operation
9. Ecuador plays favorably for CMKX and UCAD as the gold flow continues and revenue incoming is appreciated in the marketplace
10. CMKX steps up to the AMEX

Long Term (1 year +)
I will leave this in code for later.

1.
2.
3.
4.
5. (all smiley faces)
6.
7.
8.
9.
10

Hope your weekend is doing well.

Looking forward to next week.

Just my opinion and I ask that you treat it as such. Thank you.

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tradingpennys
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posted October 03, 2004 17:38     Click Here to See the Profile for tradingpennys     Edit/Delete Message   Reply w/Quote
How in the heck do they figure .50 pps with 200 billion short of a TRILLION?!?!?

That's more stock than there are stars!!

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tradingpennys
Member
posted October 03, 2004 17:46     Click Here to See the Profile for tradingpennys     Edit/Delete Message   Reply w/Quote
Okaaaaay here we go....

CMKM Diamonds mired in outstanding muddle

2004-10-01 21:13 ET - Street Wire

Also Street Wire (U-UCAD) US Canadian Minerals Inc

by Lee M. Webb

CMKM Diamonds Inc., a highly touted pink sheet diamond exploration play featuring a funny car dragster as a promotional vehicle, is mired in an apparent muddle over its share structure. Published ratios for two CMKM dividend-in-specie schemes peg the outstanding total at approximately 780 billion shares, but a third dividend-in-specie ratio seems to set the total at an even more staggering 1.56 trillion shares.

Many CMKM shareholders, particularly members of the cult-like following that congregates on an Internet chat site called PalTalk, dismiss any suggestion that the company has anywhere near 780 billion shares outstanding, let alone an outstanding total of more than 1.56 trillion shares.

The outstanding muddle

CMKM is headed by Prince Albert, Sask., native Urban Casavant, a former prison guard and then U-Haul entrepreneur who moved on to become a self-taught prospector and minor stock promoter. Mr. Casavant now makes his home in Las Vegas, Nev., from whence he launched his latest promotion, which once featured another 22 Casavants as shareholders.

The company stopped filing with the U.S. Securities and Exchange Commission (SEC) in July of 2003, so there is little in the way of current information regarding CMKM available from official sources. Among other things, speculation regarding CMKM's share structure has been rampant since the company bowed out of reporting.

A brouhaha erupted in late June when a newly hired transfer agent, Pacific Stock Transfer, publicly pegged the number of outstanding shares at a staggering 400 billion. CMKM immediately dismissed Pacific Stock Transfer, but did not bother provide its own disclosure regarding the number of outstanding shares.

In a series of transactions in July, CMKM acquired shares in three other companies and subsequently announced three dividend-in-specie distributions of those shares. The company acquired 7.5 million shares of OTC Bulletin Board-listed U.S. Canadian Minerals Inc., 40 billion shares of privately owned Casavant International Mining and approximately 95.5 million shares of Juina Mining Corp., which changes hands on the pink sheets.

On Aug. 18, after announcing the dividend-in-specie schemes, CMKM filed an amendment with the Nevada Secretary of State increasing its authorized share total to 800 billion.

U.S. securities regulations require that information regarding dividend distributions, including the dividend ratios, be provided to the National Association of Securities Dealers. That information is now in the public domain, courtesy of the OTC. However, the muddle over the number of outstanding shares remains.

According to revised information regarding the distribution of 7.5 million shares of U.S. Canadian Minerals now payable on Oct. 6, shareholders will receive 0.00000962 of a restricted share of U.S. Canadian for each share of CMKM. A simple calculation using that ratio sets the number of outstanding CMKM shares at a staggering 779.6 billion.

A calculation based on published information regarding the dividend distribution of 95.5 million shares of Juina Mining reportedly payable on Nov. 15 yields a similar figure. Shareholders will receive 0.00012267 of a restricted share of Juina Mining for each share of CMKM held, setting CMKM's outstanding total at a comparably lofty 778.5 billion.

However, a calculation involving the dividend-in-specie distribution of shares of Casavant International Mining reportedly payable on Oct. 18 and falling in between the two other dividend-in-specie distributions yields an outstanding figure that is approximately double the amount produced by the other two calculations.

According to the published information regarding the dividend distribution of Casavant International Mining shares, shareholders will receive 0.0256 of a restricted share of Casavant International Mining for each CMKM share held. Assuming the full 40 billion shares of Casavant International Mining are distributed, that calculation pegs CMKM's outstanding total at more than 1.56 trillion shares.

While the distribution of only half of the 40 billion shares held by CMKM or even a share consolidation of Casavant International Mining on the basis of one new share for each two old shares might account for the peculiar discrepancy in the calculations, public information regarding privately owned Casavant International Mining is even sketchier than the public information available for CMKM.

Stockwatch contacted the Nevada Secretary of State for what little information is available regarding Casavant International Mining, formally headed up by CMKM's chief executive officer Mr. Casavant and now at least nominally led by Ron Casavant.

No information was provided that might explain the discrepancy in the calculations. Adding to the general muddle surrounding CMKM, however, the Nevada Secretary of State reported that as of Sept. 28 Casavant International Mining was only authorized to issue a modest 25 million shares.

Evidently some paper work will have to be completed before the Oct. 18 dividend-in-specie distribution of shares of Casavant International Mining.

In the meantime, many Internet followers of CMKM simply do not believe the company has issued approximately 780 billion shares or more.

A favourite mantra among the CMKM PalTalk faithful is, "Don't believe anything unless you see it in a PR." Melvin O'Neil, the company's investor relations spokesman, has intoned the same mantra during his frequent participation in the PalTalk chats.

Since CMKM has not disclosed either the number of outstanding shares or even the dividend-in-specie ratios in press releases, the faithful profess not to believe the officially published ratios or the staggering number of outstanding shares revealed by those ratios.

Of course, that particular mantra is only selectively invoked. It does not seem to apply, for example, to fantasies about a massive short position responsible for depressing the company's share price, an "intrinsic valuation" of a trillion dollars or higher, unsupported claims about the largest diamond find in the world or many other wild speculations embraced by the CMKM faithful.

Whether by design or chance, CMKM has managed to attract a remarkably large number of naive, excitable, imaginative and intensely loyal shareholders, many of whom have brought relatives, friends, co-workers and other acquaintances into the stock. Indeed, CMKM seems to have tapped into a promoter's dream, a growing, proselytizing vanguard of believers zealously searching out potential converts for the promotion.

The promotion

CMKM's promotion turns on the company's various interests in a number of Saskatchewan mining claims, particularly some property in the vicinity of Fort a la Corne, where there are two advanced diamond exploration projects entirely unrelated to CMKM. The company's own modest drilling efforts in the Fort a la Corne area have not produced much in the way of toutable results.

Indeed, as disclosed on June 15 by CMKM's Canadian joint venture partners, Consolidated Pine Channel Gold Corp. and United Carina Resources Corp., only one of 12 samples from a five-hole drilling program on the previously drilled Smeaton property yielded any microdiamonds, two tiny stones with a combined weight of 0.000005 carat.

While the less than impressive drilling results had some negative impact on CMKM's subpenny stock price, they did not seem to have much of an impact at all on the enthusiasm of many of the company's devoted followers. Indeed, a remarkably large number of the CMKM acolytes believe that the company has made a massive diamond discovery, but is keeping the find secret until it is ready to reveal a so-called "master plan."

The touts

Promotion is an important part of any mining play, and paid touts are a rather common feature of mining promotions. CMKM has benefited from both compensated and reportedly uncompensated touts.

Earlier this year, an outfit based in Boca Raton, Fla., distributed a CMKM tout consisting of an article lifted from the Prince Albert Daily Herald, 11 factoids widely available on the Internet regarding diamond exploration in Saskatchewan and a two-paragraph closing blatantly plagiarized from an Oct. 21, 2003, Stockwatch article. The real investment pitch was none too subtly inserted into the material plagiarized from the Stockwatch article.

The Boca Raton tout outfit, which seems to have since vanished into cyberspace, received one billion free trading shares of CMKM for its efforts. According to the disclaimer that no longer appears in cached versions of the tout, PartTime Management Inc. anted up the one billion CMKM shares.

Interestingly, a search of Nevada-registered corporations reveals a company named Part Time Management Inc., with "Part" and "Time" not elided. The registered agent for Part Time Management is David Desormeau, who has a number of connections to Mr. Casavant. Part Time Management's officers are identified as James Kinney and Ginger Gutierrez. Mr. Kinney and Ms. Gutierrez previously served as investor relations representatives for CMKM.

Mr. Casavant's pink sheet promotion has more recently piggybacked on a paid tout for an associated company that trades on the OTC Bulletin Board, U.S. Canadian Minerals.

On July 18, OTCPro.com published a tout for U.S. Canadian Minerals that led off with two paragraphs primarily devoted to CMKM and followed up with several more mentions of the company and eight bulleted factoids about diamond mining in Saskatchewan.

"OTCP has been compensated 50,000 free trading shares of UCAD (U.S. Canadian Minerals) by IB2000, a non-affiliated third party," the disclaimer at the end of the tout notes. At the time the tout was published, U.S. Canadian Minerals was changing hands for $4.50 per share and within seven trading days jumped to $7.35 per share. (All amounts are in U.S. dollars.)

Interestingly, a search of Nevada-registered corporations reveals a company named IB 2000.com., with "IB" and "2000" not elided. The resident agent and only officer of IB 2000 is identified as John E. Dhonau, reportedly a key figure behind CMKM, U.S. Canadian Minerals and associated companies.

CMKM has perhaps received even more promotional mileage from reportedly uncompensated touts who have flocked to the play.

Harold (Hal) Engel, who does his compensated and uncompensated promoting under the banner of ***********.com, supplemented by thousands of Internet posts, was an early cheerleader and remains one of the most prolific CMKM touts.

Mr. Engel, who ran afoul of U.S. regulators in connection with some compensated touting three years ago, reportedly holds approximately 940 million shares of CMKM, but has not received compensation for his yeoman's work spinning out fantastic tales about the company's prospects.

The Green Baron, headed by Ed Miller, is a relative newcomer to the stable of CMKM touts and has provided free tout services for both CMKM and U.S. Canadian Minerals. He has also touted CMKM as a guest on a radio program called Prosperity for God's People.

Mr. Miller apparently holds a position in CMKM, as does his father upon his recommendation, but the extent of those holdings has not been disclosed. The Green Baron has been beating the drum for CMKM as "the stock play of a lifetime."

Pastor Dewayne Reeves, chief executive officer of Christian Traders and radio host of Prosperity for God's People, has also been spreading the good word about CMKM. Like *********** and the Green Baron, Christian Traders holds shares of CMKM, but the good pastor disclaims receiving any compensation for touting the stock.

In addition to some of the more established touts, a number of bullish CMKM gurus have staked out positions on several Internet message boards where fantastic tales are served up to like-minded CMKM supporters.

The most bullish, imaginative and faithful group of CMKM Internet followers congregate daily on PalTalk in a virtual room called Sterling's New Classroom, named after one of the most popular CMKM Internet touts, Sterling Collins.

The PalTalk room, hosted at a cost of approximately $600 per month, offers text, audio and even video capabilities. The room has a capacity of 500 participants and on some occasions when the room's namesake appears to address the followers an overflow room has been opened to accommodate a few more hundred people.

The PalTalk following

The hundreds of CMKM fans who congregate on PalTalk under the watchful eyes of a few bullish administrators charged with maintaining some order in the room bristle at any suggestion that they are members of a cult-like following. Indeed, many claim that they welcome differences of opinion and open discussion.

In fact, it should be acknowledged that there has been a great deal of open discussion regarding different opinions among the PalTalk CMKM followers. For example, different opinions regarding the relative significance to this nascent mining giant of diamonds, gold, silver, uranium, oil, potash, zinc and so on have been entertained and roundly discussed.

Opinions regarding the "intrinsic value" of CMKM, imagined by many to be upwards of a trillion dollars, have likewise been the subject of much discussion.

Different opinions regarding the size of the imagined massive short position have also been discussed at length, with estimates ranging from hundreds of billions of shares to a trillion or more.

While these and other matters are the subject of extensive discussion and at least modest differences of opinion, there are very clear and narrow limits with respect to the extent of acceptable differences.

While wild fantasies regarding a wide spectrum of mineral resources, a multitrillion-dollar valuation and a massive short position are accepted and embraced, anyone with the temerity to argue that CMKM is far from establishing any mineral reserves, or that its properties are little more than "moose pasture" at this point, or that the company is grossly overvalued with its current market capitalization of approximately $235-million, or that there is no evidence at all of a short position would quickly receive a drubbing and almost undoubtedly be bounced or even banned from the room.

Among PalTalk's CMKM following, where "believe" is one of the most frequently used words, very little criticism of the favoured fantasies is tolerated and open skepticism is simply not on.

The influence of the cult-like PalTalk following extends beyond the virtual gathering of the CMKM faithful. Indeed, many members of the group have been active with the real-world CMKM promotion involving the sponsorship of a funny car dragster.

The promotional vehicle

Prior to dropping its SEC filing obligations, CMKM reportedly intended to acquire a time-share interest in an "ancient Chinese jade collection" purportedly appraised at $50-million.

"The Company believes that the jade collection will provide it with both a $50,000,000 asset base for reporting purposes and it will also serve as the centerpiece for a traveling jade museum show in venues throughout North America, including Las Vegas, NV (where major hotels and casinos have offered world master artwork collections, treasuries of the Russian Czars, treasurers from the Titanic, and motorcycle collections as revenue generating tourist attractions)," CMKM reported on Feb. 3, 2003.

Apparently CMKM planned to use the ancient Chinese jade collection as a promotional tool, but that plan was scrapped.

Earlier this year, CMKM unveiled a new plan and a new promotional vehicle: a funny car dragster. At first, even some of the company's faithful followers arched an eyebrow over that news, but CMKM has garnered a remarkable amount of promotional mileage from the funny car.

While gaudily painted cars thundering down a quarter-mile track in less than five deafening seconds before deploying a parachute might not be as highbrow as, say, a travelling ancient Chinese jade collection, CMKM may have targeted an appropriate market.

In any event, members of the PalTalk following who have gone to the races around the U.S. to rub shoulders with the executives and key players in CMKM and associated companies, meet fellow shareholders and file the latest "race news," not to mention heavily embellished rumours, seemingly invariably return reaffirmed in their belief in the company and quite enthused with the racy promotion.

In addition to the beer and burgers, the pep talks and the general camaraderie, shareholders attending the races share in promoting the company. Promotional literature, CMKM poker chips and T-shirts emblazoned with "Got CMKX?" are stuffed into bags and reportedly given away by the thousands.

While some shareholders have openly described their promotional efforts as "working the crowd," others simply report that giving away T-shirts and other promotional items is just a great way to meet people and chat about the company.

Just how many of the funny car crowd regaled with tales of a subpenny pink sheet stock with an "intrinsic valuation" of a trillion dollars or more, a convoluted "master plan," a massive short position soon to be remedied by a price-spiking short squeeze or other PalTalk "beliefs" have been sufficiently wowed to plop down some money on "the stock play of a lifetime" is an open question.

In any event, the PalTalk consensus seems to be that the funny car is a great promotional vehicle and that every shareholder should make an effort to attend at least one of the races.

As it happens, many shareholders are at least tentatively planning to attend a funny car race and shareholder appreciation party hosted by CMKM and U.S. Canadian Minerals in Las Vegas at the end of October. For many, however, those plans are contingent upon being able to free up some cash by selling some shares of CMKM at a profit before the end of the month.

Perhaps not surprisingly, a widely held belief among the PalTalk faithful is that enough of the so-called master plan will be revealed well before the end of October to drive CMKM's share price up so that they will be able to attend the Las Vegas party.

In any case, the outstanding muddle should be resolved, at least for most people, by next week, following the distribution of the dividend of restricted shares of U.S. Canadian Minerals payable on Oct. 6.

Meanwhile, there has been some unusual trading activity in U.S. Canadian Minerals. On Oct. 1, a record 963,234 shares changed hands and the stock gained 65 cents to close at $5.40.

CMKM, however, has been losing traction and struggling to keep from falling further into the subpenny basement. Approximately 6.1 billion shares of CMKM traded during the final session of the week and the stock ended the day at three-100ths of a penny.

The saga will continue.

Comments regarding this article may be sent to lwebb@stockwatch.com.

(More information regarding CMKM Diamonds and associated companies can be found in Stockwatch articles dated Oct. 21, 2003; June 22; and Sept. 16 and 24, 2004.)

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will
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posted October 03, 2004 18:27     Click Here to See the Profile for will     Edit/Delete Message   Reply w/Quote
Very interesting !

"Pastor Dewayne Reeves, chief executive officer of Christian Traders and radio host of Prosperity for God's People, has also been spreading the good word about CMKM. Like *********** and the Green Baron, Christian Traders holds shares of CMKM, but the good pastor disclaims receiving any compensation for touting the stock."

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glassman
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posted October 03, 2004 18:43     Click Here to See the Profile for glassman     Edit/Delete Message   Reply w/Quote
i found that interesting too....LOL

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Upside
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posted October 03, 2004 19:20     Click Here to See the Profile for Upside     Edit/Delete Message   Reply w/Quote
I just read the previous post by tradingpennys and had to post something. I went to the Chicago races on Saturday. Got picked up in SE Wisconsin by an infrequent poster her, joeyisthebest, and drove down there and met a frequent poster here known as Will. I've gotta say that meeting Will and spending a day with him was an experience in and of itself but that's a different story for a different day. We got to the track around noon and I was expecting a CMKX circus but was dissapointed, we saw no evidence of them at all. We got up to the track, watched a few qualifying runs, then decided to go in search of the CMKX trailer. It took a while walking around what was called "Nitro Alley" but with the help of two track employees, we came across the CMKX display. Their car wasn't running for about an hour so it was there on display for all to see. That's where we met up with the CMKX loyal. Some guy named Anthony was handing out CMKX flyers with the poker chip attached and talking up the company. There was another guy from PalTalk there named ElCamino who was touting the stock. We decided to chat with Anthony for a bit and I asked him to "throw us a bone" about CMKX. That's when he told us they had just inked a deal with Universal Studios to make a movie with Oliver Stone directing it. When we pressed him a bit about what kind of movie it was, he said "well, you know, kind of a reality movie about the life of CMKX". One other thing about Anthony, every other word out of his mouth was f***, as though that was proper language to portray intimacy with us lowly race fans. After Anthony, we moved on to ElCamino who claimed to have 85 million shares and was going to be delivering the Sunday service at the Las Vegas party. I then asked him if he was a Minister/Pastor and his reply was "Well, not one of those ummm, you know the kind, but the Lords been very good to me". I had to ask him if he was looking for the word "ordained" to which he replied, "yeah that kind of Minister". I asked both Anthony and ElCamino what they thought the o/s was and they both assured me that "it doesn't matter, don't worry about that" although ElCamino stated that he thought it would be under 500 billion. Then Ron Casavant pulled up in the CMKXtreme golfcart and we were introduced to him as shareholders. He seemed to be in a hurry but invited us to the private party after the cars next run and promised us a ride there. We agreed and left to watch the Xtreme machine race. It lost. We went back to the trailer and sure enough, there was Mr. Casavant ready to give us a lift to the party on the Xtreme golf cart. We appreciated it as the party was on the other side of the track. Myself, Will, joeyisthebest, and Ron got on the cart and headed off. Will was in the front with Ron, Joey and I were in the back facing the other way. Will said he was going to kiss him on the way to the party if he had to in order to get information from him but I don't know if he ever did as we we had our backs to them. You'll have to ask Will about that, I took an oath of silence. (Just kidding Will). Anyway, Ron dropped us off at the party and it was ok but not much. They were cooking hotdogs and hamburgers on a grill, had two kegs of beer set up, coolers with soda, etc. We ate and drank and just sat back and watched what was going on. At most there were 30 people there just eating and talking about the stock, that's when I noticed a guy with a shirt on that said " GreenBaron . com" on it. Figured I had to find out who he was so I went over to him and it turns out he is the owner of Evergreen Marketing, the parent of the green baron. I don't want anyone to think I'm judging people by their looks because I try not to do that but this guy just looked like he needed help. He was at least a 300 pounder with terribly discolored teeth. Ron Casavasnt shuttled him off as soon as he saw me speaking with him so I didn't get anything out of him. In the meantime, joeyisthebest notices box after box after box of CMKX shirts and pokerchip handouts just laying around open. He asks Ron Casavant if he can take 10 shirts for himself and his friends. Ron grabs 12 of them and tosses them to him, joeyisthebest takes them to the car leaving Will and me. One thing I forgot, Will and joeyisthebest eat like cows! At least 2 dogs and 2 burgers apiece while I eat one hotdog and partake of their beer. After about an hour at the party we notice an older guy taking pictures of the crowd, he's even standing on top of the mobile homes taking shots. We decide to chat him up and ask him his connection to CMKX. Claims to be just a shareholder yet he is at every race and every CMKX event they have had. I ask him what he thinks the o/s is and I get the same pat response, "it doesn't matter, dont worry about it". He then goes on to tell me that CMKX is going to be reporting tons of gold soon, followed by diamonds. With that we decided to leave, joeyisthebest grabbed another 5 shirts, (17 total!) while I grabbed a handfull of pokerchips and Will just shook his head. All in all it was a fun day but really did nothing to make me or the others change their opinion one way or the other.

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netsec
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posted October 03, 2004 19:34     Click Here to See the Profile for netsec     Edit/Delete Message   Reply w/Quote
"Then Ron Casavant pulled up in the CMKXtreme golfcart and we were introduced to him as shareholders. He seemed to be in a hurry but invited us to the private party after the cars next run and promised us a ride there. We agreed and left to watch the Xtreme machine race. It lost. We went back to the trailer and sure enough, there was Mr. Casavant ready to give us a lift to the party on the Xtreme golf cart."

This was the only thing worth reading in your story Upside. Comments about what people look like aren't relevant to how a stock will play.

Everyone always questions how much we can trust these Casavants, but I always believe actions speak louder than words. Ron had no real reason to offer you a ride and no real reason to come back to pick you up after he did offer. After all you (and your 2 partners) are just a single investor. In the scheme of things, not very important.

Thing important thing, the thing that speaks volumes, he said he was going to do something and he did it.

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will
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posted October 03, 2004 19:46     Click Here to See the Profile for will     Edit/Delete Message   Reply w/Quote
Wrong! He shuttled people all day long, back and forth. It seemed to be his job, not his choice. It wasn't in the context of any great favor.
I didn't even bother him with a question about CMKX. He seemed like a pretty decent sort. We just talked about the crowd and how NHRA didn't like their promoting at the races. He asked that we drop the NHRA an email telling them we had never attended the races, and the only reason we were there was because we were stockholders of CMKX.
There was more in Upside's post than what people looked like, that mattered, it is what and how they said there obviously rehearsed lines.
Did I hear anything that would make me buy more? NO. Did I hear anything that would make me sell? NO. Did I hear anything worth reporting? NO. Did I enjoy the hotdogs and hamburgeres? YES. Did I kiss Ron Casavant? Ask Ron!

quote:
Originally posted by netsec:
"Then Ron Casavant pulled up in the CMKXtreme golfcart and we were introduced to him as shareholders. He seemed to be in a hurry but invited us to the private party after the cars next run and promised us a ride there. We agreed and left to watch the Xtreme machine race. It lost. We went back to the trailer and sure enough, there was Mr. Casavant ready to give us a lift to the party on the Xtreme golf cart."

This was the only thing worth reading in your story Upside. Comments about what people look like aren't relevant to how a stock will play.

Everyone always questions how much we can trust these Casavants, but I always believe actions speak louder than words. Ron had no real reason to offer you a ride and no real reason to come back to pick you up after he did offer. After all you (and your 2 partners) are just a single investor. In the scheme of things, not very important.

Thing important thing, the thing that speaks volumes, he said he was going to do something and he did it.


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penny-trader
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posted October 03, 2004 20:00     Click Here to See the Profile for penny-trader     Edit/Delete Message   Reply w/Quote
1.5 trillion o/s

hmmmmmm that is quite a discrepency.

what a mess.

Urban has to be sitting on pins and needles.

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bill1352
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posted October 03, 2004 20:09     Click Here to See the Profile for bill1352     Edit/Delete Message   Reply w/Quote
thanks upside...you must not work for cbs as you gave us a honest & balanced race report
======================================

anyone reading the stockwatch report without their head buried in the sand has to see that cmkx is so far down the scam road its ridiculious. a lawyer is a lawyer they only care about the person handing them a check. cmkx could turn around and head back to a respectible company. they do have a large number of claims that some will prove to have valuable assets but most will be worthless as is true with most jr mining interests. they dont have the experiance or the money to pick only choice claims. even debeers has worthless claims. anyone that thinks a company with an 800 billion o/s can hit .50 needs a 12 step program. i have 2,062,500 shares & wouldn't sell without a big profit for anything if for no other reason then entertainment value. if the dividend gets paid this week & i have doubts about that maybe reality will set in for a few that still believe this is the stock play of a lifetime

[This message has been edited by bill1352 (edited October 03, 2004).]

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Upside
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posted October 03, 2004 20:12     Click Here to See the Profile for Upside     Edit/Delete Message   Reply w/Quote
originally posted by Will:
quote:
Did I kiss Ron Casavant?

Well, again, joeyisthebest and I were facing the other way but if I had to guess, I'd bet you snuck one in. You were sweet on him weren't you?

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highwaychild
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posted October 03, 2004 20:17     Click Here to See the Profile for highwaychild     Edit/Delete Message   Reply w/Quote
The race sounds like it was fun.Take any pictures?

Jeff Arend actually had his best run of the season this weekend with a 320+mph run to qualify him when it looked like he was out of it.Guess you guys are good luck.

Appericate the play-by-play.I thought you were up to something this weekend.LOL

Tell me you asked Ron what's going on with the Zinc?LOL

[This message has been edited by highwaychild (edited October 03, 2004).]

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will
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posted October 03, 2004 20:28     Click Here to See the Profile for will     Edit/Delete Message   Reply w/Quote
How anyone can embrace that ear shattering, chest vibrating, fly by as entertainment is beyond me. Each to his own, I guess.
However, I enjoyed meeting and spending the day with Joey and Upside, they're good company.
I met a few other people not affiliated with CMKX. A guy with a 6" mohawk hairdo and facial hair, a motor cycle freak. A few Army recruiters who I thank for serving. Those were the most memorable, the rest were dragster dregs.
We didn't see Jeff's second run, that must have been the good one. We were too busy eating, getting Joe his 100 shirt quota, and being pumped by the faithful.

quote:
Originally posted by highwaychild:
The race sounds like it was fun.Take any pictures?

Jeff Arend actually had his best run of the season this weekend with a 320+mph run to qualify him when it looked like he was out of it.Guess you guys are good luck.

Appericate the play-by-play.I thought you were up to somthing this weekend.LOL


[This message has been edited by highwaychild (edited October 03, 2004).]


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Upside
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posted October 03, 2004 21:07     Click Here to See the Profile for Upside     Edit/Delete Message   Reply w/Quote
originally posted by netsec:
quote:
Comments about what people look like aren't relevant to how a stock will play.

I beg to differ with you netsec. Let's say you're going to a business meeting or anywhere else where your appearance just might matter. Are you not going to do all you can to put on your best picture or are you going to go there looking like hell? Unfortunately, appearances do matter. This guy did nothing to make himself look the least bit appealing yet he was advertising the fact that he was involved with CMKX. That's ok with you? Sorry, not with me.


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Upside
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posted October 03, 2004 21:13     Click Here to See the Profile for Upside     Edit/Delete Message   Reply w/Quote
Hey highway,
Never even thought to ask about the zinc claims. Screwed up again. Joeyisthebest was going to take pictures but couldn't get his camera to work. It was a fun day. Will & Joey are two good guys and I enjoyed their company. Hope they can say the same!

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will
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posted October 03, 2004 22:03     Click Here to See the Profile for will     Edit/Delete Message   Reply w/Quote
Well, that was our day at the races.
I'm more interested in this now that someone brought it up:

Dewayne Reeves, chief executive officer of Christian Traders and radio host of Prosperity for God's People.

I wonder how many shares he and/or Christian Traders owns. Seemed to be a lot of Christian folks that migrated to and from this message board over the last 4 to 6 months. Just wondering how altruistic the good reverend and their motives are.
???????????????????

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TruthTeller
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posted October 03, 2004 22:21     Click Here to See the Profile for TruthTeller     Edit/Delete Message   Reply w/Quote
Thanks Upside & Will for the report..

May be Ron Casavant (and other CMKX/UCAD people) are nice with the shareholders at these races because they know it will be all over these online boards, they get the good publicity and can sell more shares.
Just more negative speculation..

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will
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posted October 03, 2004 22:36     Click Here to See the Profile for will     Edit/Delete Message   Reply w/Quote
They're people doing their job. That's what I saw, at least the people that were actively hawking and working for CMKX. The majority of the folks at the hospitality tent were shareholders. Some of them were stuffing plastic bags with shirts, others just discussing all the nonsense that is talked on paltalk. Some made the KollAid, some drank the KoolAid, I just watched for anyone to keel over and had a couple of hotdogs, hamburgers, and Cokes.

quote:
Originally posted by TruthTeller:
Thanks Upside & Will for the report..

May be Ron Casavant (and other CMKX/UCAD people) are nice with the shareholders at these races because they know it will be all over these online boards, they get the good publicity and can sell more shares.
Just more negative speculation..


[This message has been edited by will (edited October 03, 2004).]

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