Casavant Mining Kimberlite International Announces Application for Name Change and New CUSIP Number
LAS VEGAS, Jan 27, 2004 (BUSINESS WIRE) -- Urban Casavant is pleased to announce that Casavant Mining Kimberlite International (Pink Sheets:CMKM) will have a name change and a new CUSIP number to reflect the recent steps taken by the company to move forward. The Company's name change and new CUSIP shall take effect sometime this week and shall be announced shortly after. The Company also announces a recall on all outstanding stock certificates since it has inaugurated actions to change the name and CUSIP number for its common stock and is notifying the Depository Trust Company as to the effective date of the change. Shareholders will be required to obtain new certificates before being able to trade shares represented by their old certificates by close of the market on March 08, 2004. New stock certificates will only be issued upon the surrender of valid hard copy outstanding stock certificates to 1st Global Transfer LLC. All communications relating to shareholder matters, such as transfer of shares, stock transfer requirements, missing stock certificates and changes of address, should be directed to 1st Global Stock Transfer LLC, at the following address and telephone number: Attention - Helen Bagley 7341 W. Charleston Blvd.-Suite 130 Las Vegas, Nevada 89117 Telephone Number (702) 656-4919 Fax Number (702) 304-0634 The name change and new CUSIP number comes after approval from the Board of Directors in light of the new year and goals set by the Company to further restructure and consolidate the operations already in motion for 2004. With spring approaching the Company is looking forward to beginning the extensive drill program already planned after the recent purchase of equipment. Shareholders shall be notified of details and upcoming developments as soon as information is available. There is no guarantee that drilling will produce any economic benefit to the company or the shareholders of the company. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations. SOURCE: Casavant Mining Kimberlite International CONTACT: For Casavant Mining Kimberlite International Helen Bagley, 702-656-4919
Customize your Business Wire news & multimedia to match your needs. Get breaking news from companies and organizations worldwide. Logon for FREE today at www.BusinessWire.com. Copyright (C) 2004 Business Wire. All rights reserved. -0- KEYWORD: NEVADA INDUSTRY KEYWORD: MINING/METALS ENVIRONMENT
posted
Sounds like a good question does anyone know? I don't know much about Naked Shorting either
is it basically having a short position with out the shares borrowed to represent it????????
quote:Originally posted by PAUL: I do not understand NAKED SHORTING that well, however will this change have any affect on the stock with regard to NAKED SHORTING?
posted
This could turn into a reverse split, I wouldn't mind getting back 1 share for every 2 we give them. That would drastically reduce the outstanding shares and create greater shareholder value. Once they do start drilling and get results, the easier this stock will rise.
posted
Naked shorting--selling share you don't have AND don't have a contract w/someone who does--they are giving themselves a loan that is not backed with collateral--not a bad deal huh? We watch the volume on a stock reach very high numbers and not much price move--hmmm---There are some figures in all this that are disturbing--my guess is that certain politicians need a strong economic recovery to shore up their positions in the public eye and when all of these shorts are covered the market will assume a pre-Y2K attitude--problem is it could leave some weaker hands(MM) in bad debt
posted
A historical browse thru the threads on CMKM in (SEPT OCT?) would be very informative--as i reccommend this i beg you-- don't bring them forward--if they weren't pulled from the boards they probly should have been--alot of reading in there and remember that you should--- never ascribe to malice that which can be explained by ignorance.
quote:Originally posted by Bhodisatva19: This could turn into a reverse split, I wouldn't mind getting back 1 share for every 2 we give them. That would drastically reduce the outstanding shares and create greater shareholder value. Once they do start drilling and get results, the easier this stock will rise.
bhodi
Unfortunatly, with these types of stocks a reverse split is more likely to be 1 for 50, 1 for 100 or even worse. And although the price would be adjusted upwards it also means (as in this case where the price is already pretty much at the bottom) the price can begin to go down again. Furthermore, it does not affect the total number of shares the company may issue. If the company can issue 1 billion shares and has 900,000,000 outstanding it can only issue 100,000,000 more. After a reverse split of, say, 1 for 100, the outstanding would drop to 9,000,000 but the total number of shares would remain a billion. The company can then issue up to 991,000,000 more shares, greatly diluting your holdings!
posted
as this stock did not trade "certificate only" i think all investors should be concerned with how your brokerage is going to redeem your positions without surrendering a hard copy of a certificate. you have 5 weeks to get this done according to the mar 8 deadline if i am understanding the pr right.
this is just another shareholder manipulation imho.
and the drilling promises continue to be the carrot on a stick.
uncle milty
Posts: 1081 | From: santa fe, new mexico/puerto vallarta, mexico | Registered: Sep 2003
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posted
Name change and CUSIP makes the shorts have to cover and makes all stocks having to be identified. VERY GOOOOD NEWS FOR SHARE HOLDERS. . This doesn't say nothing about R/S.
I spoke w/ Ameritrade about this a little while ago. They told me that I do not have to do anything. They do it all and then charge me 20.00 for the change.
Further, it was my understanding that it would only affect those holding actual certificates.
As to the validity of this information... Who knows? I have received many misleading comments OR perhaps misunderstood many things form the staff there.
IS NAKED SHORTING STILL LEGAL?
PAUL
quote:Originally posted by old mullet: as this stock did not trade "certificate only" i think all investors should be concerned with how your brokerage is going to redeem your positions without surrendering a hard copy of a certificate. you have 5 weeks to get this done according to the mar 8 deadline if i am understanding the pr right.
this is just another shareholder manipulation imho.
and the drilling promises continue to be the carrot on a stick.
uncle milty
------------------ But godliness with contentment is great gain. For we brought nothing into this world, and it is certain we can carry nothing out.
posted
thanks for clearing that up paul. maybe this could bring some opportunity to at least get into a no risk position for those who have large $ positions in this. sure hope so. i am curious as to why they might be doing this since they spun off the zinc so they could concentrate on the diamond play with cmkm. naked shorting? it would be an added bonus if they began to report to the sec and their shareholders.
i really don't know if naked shorting is still legal. the blyc/blck change was recently made to stop it on their stock. could account for the 4b shares cmkm traded yesterday.
uncle milty
quote:Originally posted by PAUL: OM,
I spoke w/ Ameritrade about this a little while ago. They told me that I do not have to do anything. They do it all and then charge me 20.00 for the change.
Further, it was my understanding that it would only affect those holding actual certificates.
As to the validity of this information... Who knows? I have received many misleading comments OR perhaps misunderstood many things form the staff there.
IS NAKED SHORTING STILL LEGAL?
PAUL
Posts: 1081 | From: santa fe, new mexico/puerto vallarta, mexico | Registered: Sep 2003
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posted
If it is really being done away with--and i am ASSUMING it is --we all need to make sure that we let the powers that be know we are happy and expect to continue to enjoy a true FREE MARKET--politicians-regulators ceo's etc.
Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Regarding the CMKM changes. Just got an email from Apex Reorg and Safekeeping, Ameritrade. They stated, "The CUSIP change for CMKM will orrur automatically at the direction of the company. Ameritrade will receive specific instruction from the company through official channels to return your shares in exchange for the new issue. We will comply with this request on your behalf and the new issue will be deposited into your account. A $20.00 processing fee will be assessed to make the exchange. No additional activity is required on your part."
Casavant International Mining, Inc. Announces Short Delay for Final Approval of MRDR/CIM Share Exchange
LAS VEGAS, Jan 28, 2004 /PRNewswire-FirstCall via Comtex/ -- Casavant Mining Kimberlite International (Pink Sheets: CMKM) announces a short delay on share exchange between CIM (Casavant International Mining) a wholly owned subsidiary of CMKM and MRDR (Mirador) which was originally set for completion on January 30, 2004. At this time the company (CMKM) is proceeding with the completion of a name change and a new CUSIP number. The name change and new CUSIP need to be completed before the MRDR/CIM share exchange can be finalized. Casavant Mining would like to apologize for the delay of the share exchange, but assures shareholders that it plans to complete the merger. Updates on Drilling will be announced shortly. 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 risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations. SOURCE Casavant Mining Kimberlite International CONTACT: Melvin O'Neil of Casavant Mining Kimberlite International, Diamonds Hotline, +1-306-752-3755, or 877-752-3755 or fax, +1-306-752-3754, or ipr@sasktel.net
URL: http://www.prnewswire.com Copyright (C) 2004 PR Newswire. All rights reserved. -0- KEYWORD: Nevada INDUSTRY KEYWORD: MNG OTC SUBJECT CODE: TNM
posted
CMKM just corrected todays announcement. When the name changed from CMKI to CMKM it must not have been true CMKI is CASAVANT MINING KIMBERLTE INTERNATIONAL evidently still a company & CMKM CASAVANT MINING as well as CIM (?) and MRDR (?) Email to Melvin for clarification unanswered two days. VAN
[This message has been edited by VNGNTN1 (edited January 28, 2004).]
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
To anyone on this thread. How do you follow real time intraday activity on these stocks? I like cmkm and ctkh but on my Ameritrade chart and level II screen I get nothing but high, low and last trade price, no current bid or ask and no chart. Anyone know why?
Posts: 42 | From: Tulsa, OK, USA | Registered: Jan 2004
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posted
WXYZ hahahaha Probably becuase they are big board brokers only???? VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
CTKH and CMKM are both quoted on pink sheets so you have to have level 2 for pinks. IMO alphatrade has the best L2 for pinks.
quote:Originally posted by wyznrich: To anyone on this thread. How do you follow real time intraday activity on these stocks? I like cmkm and ctkh but on my Ameritrade chart and level II screen I get nothing but high, low and last trade price, no current bid or ask and no chart. Anyone know why?
Posts: 53 | From: east tn usa | Registered: Aug 2003
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posted
Now we will see how many shares their really are out there! Naked shorters are gonna be screwed!! HA! GOOD! ------------------------------------------ New stock certificates will only be issued upon the surrender of valid hard copy outstanding stock certificates to 1st Global Transfer LLC. All communications relating to shareholder matters, such as transfer of shares, stock transfer requirements, missing stock certificates and changes of address, should be directed to 1st Global Stock Transfer LLC, at the following address and telephone number:
The name change and new CUSIP number comes after approval from the Board of Directors in light of the new year and goals set by the Company to further restructure and consolidate the operations already in motion for 2004. With spring approaching the Company is looking forward to beginning the extensive drill program already planned after the recent purchase of equipment. Shareholders shall be notified of details and upcoming developments as soon as information is available.
Posts: 248 | From: Schenectady, NY USA | Registered: Aug 2003
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posted
Take a look at CMKM Joint Venture partners looks like they have something. Scroll down to Sask. and click on links for United Carina Resources (CDNX-UCA-V), Consolidated Pine Channel Gold (CDNX-KPG-V) and Shane Resources (CDNX-SEI-V) look at there PPS. Man they look good. http://thediamondhunter.com/companies/by_area
Casavant Mining Kimberlite International (Pink Sheets:CMKM) announces delay on name change and CUSIP number. Shareholders are requested to not mail in their certificates and wait until further details are available. Although all documents to complete this action for processing are ready at this time but, due to the expense of this transaction for new shares to be exchanged, the transfer agent fees are currently being negotiated to keep the costs down. Any and all questions and concerns can be directed to our Saskatchewan Diamonds Hotline. In addition, If any shareholders have had a change of address please update your information at the transfer agent.
quote:Originally posted by DiQuiRiesco: Shocking....come on who could have possibly seen this one coming
if you have been following cmkm since it was trading for over a penny, nothing would shock you anymore. i have never seen a stock with so many strange twists and turns, that never materialize to the shareholders advantage.
uncle milty
Posts: 1081 | From: santa fe, new mexico/puerto vallarta, mexico | Registered: Sep 2003
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posted
U R RIGHT UNCLE. I'VE BEEN TO THE THREE OFFICES IN VEGAS/HENDERSON, I LIVE IN LAKE HAVASU, AND ONE IS A DRY CLEANER (BEEN THERE FOREVER), ONE IS VACANT (FOR QUITE AWHILE), AND THIRD IS LAWYER WITH U.C.'S NAME IN SMALL PRINT ON DOOR. PROBLEM IS NOBODY EVER THERE. VEGAS PEOPLE KNOW OF URBAN AND HIS LOVE OF A "HARD EIGHT".
Consolidated Pine Announces Update Feb 04 2004 Rick Walker, President of Consolidated Pine Channel Gold Corp., is pleased to announce the acquisition with its 50/50 joint venture partner, United Carina Resources Corp. by staking of 129,024 hectares (318,814 acres) approximately 70 km SW of Ashton Mining of Canada's K296 kimberlite pipe located in the Buffalo Hills area of Northern Alberta. Ashton's exploration in the area has discovered 38 kimberlites, of which 25 are diamondiferous. The KPG/UCA property is situated along several parallel NE/SW trending basement linear features which transect the Ashton's Buffalo Hills Block which extend SW into the vicinity of previously located kimberlitic indicator minerals within overburden whose source remains unknown. The indicator mineral grain morphology (surface condition) tends to show a relatively short transport distance. The geochemistry of the garnets is similar to those reported by Ashton for their pipes in the Buffalo Hills. The qualified professional for the property is Paul A. Hawkins, P.Eng., of Calgary, Alberta. A program to review indicator mineral occurrences and airborne geophysical data is under preparation. ON BEHALF OF THE BOARD Rick Walker, President
CONTACT: TEL: (306) 664-3828 Rick Walker, President, FAX: (306) 244-0042 Consolidated Pine Channel Gold Corp.
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