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Yesterdays news after the bell was big IMO. I visited the company website and read the last 10 posts on one thread on their message boards and am inclined to hold this stock. I doubt I will sell before the share count is known. A lot of speculation about buyouts by UCAD or another mining company. A lot of other possibilities. I believe they have diamond bearing Kimberlite, know it, the other mining companies know it and there may have been some accumulation of shares by them to stick it to the MM's. They may have retired shares held by management and repurchased them on the open market. That would reduce the share count dramatically. There are a lot of possibilities, This is such a high risk stock-I can't see selling to recoup a small investment versus the potential reward of holding. I have 3M shares. My total cost is either $300 or $400. The upside is much greater. It is going to be very intersesting to watch this unfold. IMO-DD-GLTA-Debi
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There is still no bid on this one. Ask is .0002 but that is meaningless if there is not one MM willing to buy. The way I look at it is if the MM's aren't willing to buy then why would I?
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I don't think I would want to buy without knowing the share count. I am not trying to pump this stock, but I am also not willing to sell what may have a lot more value than .0001 or .0002. I think this stock is a mess in a lot of ways. I don't think the MM's even know how many shares there are. I think it is major naked shorted and manipulated to death. They (MM's) will probably work to keep the cost down till they figure how much money they may be out of. This is a very high risk stock. I think anyone who took this risk would potentially want to see a reward that very high risk merits. I enjoy thinking about the possibilities of how this will play out. In the past the price reflected the doubt of a major kimberlite and or diamond find. I think that the kimberlite/diamonds are no longer in doubt. What will the price do? IMO-DD-Seriously don't buy on my say so-You could lose your whole investment. I am thinking I would rather lose my whole investment than sell too early and miss a run to even .005 which would be $15000 on my 3M shares.-Debi
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I am no fan of MM's, however I fear the PPS of this stock has nothing to do with them. Let's catch an edge along this tangent, name one company who sponsors a race car that has no product to sell. Name one. There is not one, therefore CMKX must have a product to sell. What is that product? Diamonds? Doubt it as they have labored to drill one exploration hole thus far. So what is their product? Company shares. How much could I make selling a billion shares at .0001 every day? Hundred Grand a day isn't bad, minus transfer agent fees, minus PR agent fees.
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Glassman-It is a not. Even the company site's message board has shareholders begging for a share count and they get no answer. I do think the newest players are big news and I also think the kimberlite and diamonds are a reality. What do you think? Thanks -Debi
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Welcome to the Pinks All. That is why they are pinks. They do not have to publish the O/S. Additionally, most pinks trading in sub-penny land do not post ask/bid. Look at QBID, they are at .004 range and have no ask/bid.
Risk vs. Reward. Gotta have big ones to play these.
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WWJD--anything is possible--the only pink sheet i have ever gotten in on is QBID--i bought it despite my self-imposed rule of not trading pinks.... plenty of pinks are good companies and i am no basher. i buy on technicals AFTER i am satisfied with fundamentals.....
IN MY OPINION CMKX/M- seemingly drains money from the market---the market is where entrepeneurs look to get the money necessary to grow....i hope everyone who is in it gets some profits and move on, but i will be(PLEASANTLY) surprised if the PPS can move up- simply because there seems to be an unlimited supply..... can anybody even sell at .0001? i hate to see more people end up in it... does misery love company? i have lost money on plenty of stocks... i sell it and move on... this one seems to become VERY talked about as soon as there is another sub-penny run....
REMEMBER-supply and demand RULES the market-- the MM's are just there to maintain an orderly flow of the cash...(and take a little(as much as they can get away with) for their trouble)
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how does an MM make a living? they buy from the seller and re-sell to the buyer? so--if i was an MM i would ONLY be willing to buy a stock that i can resell at a profit--RIGHT? hmmmmmmmmmmmmmmmmmmmmm? how dat gonna happen without some diamonds?--ALOT of diamonds.....
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GLASS How do you figure they got those pictures of "Diamonds in Kimberlte" ? No mention of coming from "Carolyn pipe" surely the would have mentioned that!! VAN
[This message has been edited by VNGNTN1 (edited April 07, 2004).]
[This message has been edited by VNGNTN1 (edited April 07, 2004).]
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