posted
PR NITE & CMKX NEW YORK (Dow Jones)--Last month's stock-trading activity mostly slowed from January's pace at online broker Ameritrade Holding Corp. (NasdaqNM:AMTD - News) and at trade- processing firm Knight Trading Group Inc. (NasdaqNM:NITE - News) . But Knight's numbers showed that the firm had stepped up its trading of more-obscure stocks. ADVERTISEMENT
These are companies whose shares trade not on high-profile markets like the New York Stock Exchange (News - Websites) , but on lesser-known venues such as the Pink Sheets and the Over-the-Counter Bulletin Board. Last month, such trading averaged about 6.9 billion shares a day at Knight, a stock and options trading firm in Jersey City, N.J., compared with daily averages of about 3.8 billion shares in January and 769 million shares in February of last year.
Interestingly, a big chunk of Knight's overall stock-trading last month came from one single Pink Sheets tiny-priced stock, CMKM Diamonds Inc. Knight traded an average of about 3.36 billion CMKM shares a day, representing more than 40% of Knight's average daily share volume for the month.
CMKM describes itself as "a new company involved in the exploration for diamonds in the Canadian province of Saskatchewan." The company, whose stock trades on the Pink Sheets under the CMKX symbol, trades "at prices in the hundredths of a cent," Knight said.
According to the Pink Sheets Web site, a whopping 762.36 million shares of CMKM had recently traded Friday. The last sale price shown for the stock was 0.0001.
Asked why so much of Knight's business last month came from one little-known stock, Knight spokeswoman Margaret Wyrwas said, "the stocks that we trade represent what our clients are buying and selling." She declined to comment further.
A representative for CMKM said he couldn't account for the stock activity. "I can't tell you why we're having such a huge volume in trading."
More broadly, Knight's growing OTCBB and Pink Sheets business gave pause to one Wall Street analyst. Daniel Goldberg, who tracks Knight for Bear Stearns, said in a note that such stocks were "low margin" and that he believed "this will exert further downward pressure on (Knight's) revenue capture per share."
Wyrwas said that Knight viewed its dollar-volume figures as "the most meaningful statistic," more so than revenue capture per share. In February, Knight's average daily dollar volume fell by nearly 18.5% from what Wyrwas said were "January's extraordinary levels," but rose by 91% from a year ago. February's dollar volume was "in line" with the monthly averages seen in the fourth quarter, Wyrwas added.
Knight's revenue capture per share numbers weren't immediately available.
Knight shares were recently up 18 cents, or 1.5%, at $12.22. Over the past 52 weeks, the stock has traded as high as $17.27, on Jan. 21, and as low as $3.88 on March 31 of last year.
Overall at Knight, February's average daily trade volume dropped by 17.8% from January but climbed by 78.9% from February 2003. Daily average share volume rose both from January and year-earlier levels.
But that increase was largely due to the rise in OTCBB and Pink Sheets trading. Knight's share volume in Nasdaq and in listed stocks fell from January to February. Market performance in February was mixed, with the Dow Jones Industrial Average advancing and the Nasdaq Composite Index losing ground.
"The market generally considers February to be a weak month, and this February held to that expected pattern," said Knight Chief Executive Thomas Joyce, in a statement.
(Goldberg said he didn't own Knight shares. Bear Stearns didn't disclose any investment-banking ties to Knight.)
posted
From another board. I own 1 mil shares now just in case it takes off. I don't think it will but you never know.
Good Read For All You CMKX'ers « Thread started on: Today at 4:54pm »
-------------------------------------------------------------------------------- I think that may well be good advice, but it's Saturday and I have to wait until Monday to see if anything major has happened... So, I offer the following conspiracy theory:
1. A major PR was planned for release on last Tuesday, May 11. Several people who always talk as though they have inside info were in a high level of excitement and expectation that day.
2. Just before release, UC gets a registered letter from the SEC saying that CMKX is being investigated for insider trading violations. There are always people on the rb threatening to write the SEC about CMKX.
3. The PR is postponed, and UC gets busy eliminating any evidence of insider trading violations. Melvin's board is erased. CBS is shut down. The CMKX rb board is shut down.
4. Perhaps Melvin or someone was passing info along to a small group of people. Those people were notified to shut up about CMKX, and that is pretty much what has happened.
OK, this is pure theory and speculation and based upon nothing other than me trying to put 2 and 2 together to come up with 5. LOL However, It does seem like there have been some strange coincidences over the past few days.
Posts: 248 in my humble opinion « Thread started on: May 15th, 2004, 5:15pm »
-------------------------------------------------------------------------------- this is what i think is happening now....just my opinion.....uc got some preliminary results back which told him that he had a large diamond find....he and the other joint venture partners sat down to discuss what to do next......they probably decided to use whatever cash they had available to buy up whatever shares they could off the market.....then they used the preliminary results to find some capital.....from a bank or a private investor....the investor(s) then asked for a little lead time to buy up what shares they could before the entire result report was released so they could also buy up what shares they could......by waiting until they get a full analysis of the results before PR....they can count on some investors getting frustrated and selling....better for them....remember at .0001 and even if 500 bill o/s..it would only take 50 mill to buy it all......IF the price stayed down long enough.....i think that when they can no longer buy shares cheaply off the market....they will tell all in a killer PR.....those that sold off will jump off bridges...those that held tight will dance the happy dance.....in the meantime they are figuring out how to best mine the diamonds and market them.....maybe joining forces to have enough muscle to keep debeers at bay.........anyway i hope this is something like whats going on......any comments?......imo Logged
That article is 2 years old! And guess what? It is even more powerful and meaningful now then it was then. LOL
Heck, many have been trying to figure out if DeBeers is friend or foe for years. I think that 2 years ago DeBeers was not sure either.
With CMKX owning 1.4 million acres of the FALC region, if we are not good friends with DeBeers, we probably will be soon from reviewing that article.
At one time, you could not have blamed DeBeers for not believing in CMKX. It wouldn't take a brain surgeon to see that CMKX is hot and is in the right spot. Or should I say has the right spot.
Back then in 2002 DeBeers article, CMKX had not even started any drilling. You and I probably would have ignored CMKX too up until now since they had shown to us that they are serious. (Actually you and I didn’t which is why we bought shares a few months back, but we’ll act like we did as others who did not believe in CMKX.) Just put yourself in the place of DeBeers.
Now that much progress has transpired, I am sure that CMKX has the attention of many. DeBeers was probably no doubt staying up to date with CMKX to see what amount of assistance they could provide to become friend and not foe.
I believe that this is what DeBeers have been hinting to all along. It was up to CMKX to make DeBeers join the team of CMKX. Urban swiping the land right from underneath them as AlanC had made mention of before probably had something to do with this too.
Urban and CMKX seemed to have passed certain tests that were probably placed upon them that were not known. In passing these test, maybe what would have been "Operation Take-over" by DeBeers has now converted into "Operation Join Them" meaning CMKX.
I would have to guess that DeBeers was probably thinking along the lines that they would first give Urban a chance to put his 1.4 million acres to use in the FALC region. If Urban would not had proven that they were serious about drilling and possibly mining, then maybe DeBeers would have converted into a plan to legally take-over CMKX by owning 51% of naked shorted shares of CMKX through NITE.
This could have been related to that huge short position that was insinuated about NITE having in CMKX in that national PR released a while back. Maybe DeBeers naked shorted CMKX through NITE in the billions as a back up plan just in case CMKX was not going to do the right thing with those 1.4 million acres. Maybe this had something to do with the increase in the authorized shares (AS) to 500 billion.
Think about this too...what better way to let NITE cover their/DeBeers naked shorted position than to increase the AS to 500 billion. NITE couldn't cover shares that didn't exist.
So, maybe CMKX increased the AS to 500 billion... **To let NITE cover a portion or all of their naked shorted shares.
** Or at least that naked shorted portion of shares belonging to DeBeers since it seems that a new alliance could be forming.
** This would also answer the questions: Where has all the volume have been coming from?
** This would also answer the question: How Urban has been retiring shares? Hmmmmm?
** Maybe these thoughts are 100% wrong and off in left field. LOL
These are only my opinions and have not been proven as facts. Let's continue...
Here's what I see from that last sentence in that article Peter posted:
** I see DeBeers realizing that their 58,000 acres is no match to the 1.4 million acres owned by CMKX in the FALC region.
** I see that with these already existing legal issues with the US, I see DeBeers not wanting full control of CMKX so they could use CMKX as a medium to market their diamonds in the US.
** I see that now maybe it's DeBeers who is doing the making sure that nobody is going to try and take over CMKX by helping Urban to retire shares for accountability purposes as related to the thoughts above.
** I don't see who else would have been buying shares and investing about $400,000+ per day into this little old pink sheet stock for the last few months.
** Again, the question all along should not had been –Who’s selling? Instead, the question should have been – Who’s buying?
To close, if I was DeBeers and all I had was 58,000 acres, I would be trying to buy a whole lot more land in the FALC region from CMKX. These are only my opinions.
PS--Also, did you notice the first two words in that article even back in 2002?
Sterling ___________________________________________ May God Bless All.
posted
CMKX is getting more publicity as it deserves just a matter of time, until the CMKX just beginning the accumulation phase! Share retirment is over and the pr's come flying out about the core sample results from early April. CMKX will go to .01 not over night but I definitely think its worth buying at .0001 and holding, I can't believe these guys buying at .0001 and trying to sell at .0002 right away. I know 100% is good but 10,000%+++ is much better.
Posts: 131 | From: brillion, wisconsin, USA | Registered: Apr 2004
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posted
BAM BAM forgive the pun, but I think that you have hit the nail on the head with the hammer CMKX has 1.9 million acres and is proceeding on defining what is there. De Beers knows that this is prime land and I would agree that they want in. Now then, to the idea of buying at .0001 and selling at .0002 for a 100% profit. I have read repeatedly by different market commentators that you can't go wrong by selling at a profit, but they are wrong. When it comes to stocks, most people and especially me, have a lot of loosers. In order to make up for this erosion of their money, they have to have some BIG WINNERS. 100% sounds nice, but this is one of those stocks that might go up 1000% or even 10,000% (.001 or even become a real penny stock at .01) or higher, and so selling for 100% may actually end up meaning that you are a looser. Of course you could only sell half your amount for 100%. In that way you would get your original stake back and the rest would be free shares. That is also what a lot of commentators suggest. But in this case where the profits could be mind boggling, you might want to sell only 1/4 of your shares. Posts: 580 | Registered: Oct 2003
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posted
That's also true. If this is a scam and stops trading, then you lose everything you put into it (hopefully not too much) but on the other hand you miss out on the big run if it really does start to move. So how about selling 75%. That way, no matter what happens you still have a 50% gain plus the chance to join in the possible hugh profit. Which I'll admit is a really really long shot, but still it's there.
Posts: 580 | Registered: Oct 2003
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quote:Never heard back from you about my retirement from the military? I gave you some info about it
What would you like me to say about it? It looks real on the surface but it's information that could have been turned up on google or from an informed friend. In short, it's a pointless argument on both sides.
posted
I may have accidently erased what I just wrote, so here goes again. You're right, the only winners might be the ones that sell for a 100% profit. If this stock is a scam it might stop trading and then you lose every thing. But instead of selling all of your stock at .0002, how about selling 75%. That way, no matter what happens, you still have a 50% profit, plus the 25% of the original number of shares that you still have would be worth a lot of money if this stock really does start to move.
Posts: 580 | Registered: Oct 2003
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quote:Originally posted by Upside: originally posted by Bart: What would you like me to say about it? It looks real on the surface but it's information that could have been turned up on google or from an informed friend. In short, it's a pointless argument on both sides.
I new that is what you would say. Maybe my DD-214 would help out. I just do not understand why you would think I did not retire from the military. Hell a lot of people do. I live in Augusta, Ga. Right beside Ft Gordon. Some people will never admit when they are wrong. This should help. Every quater I pay $115.00 for medical insurance thru Tricare (Humana). Oh well I guess you just will not ever say you are wrong. But if you would bet me as I ask. I will put a copy of my DD-214 on this site. Along with my tax form from Ft Ben, in Indiana. Oh you still can get in on the QBID run. 007
Posts: 1046 | From: Evans. GA 30809 | Registered: Jan 2004
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posted
I think the days are numbered now, Take some profits off qbid and put some in this lotto. Its just about ready to fly.
Posts: 973 | From: usa | Registered: Aug 2003
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posted
oh ok, i was just wondering because you had mentioned something about fort benning in one of your posts. im 11Bravo....got to trade if i want to make more money you know! cant retire off enlisted pay!
posted
I've placed a buy order this mornin for 1M @ .0001, no fill yet and I don't want it to fill
Posts: 722 | From: Atlanta | Registered: Feb 2004
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posted
up to 14 pages. And with lots of good stocks getting no attention. This is better than anything the Comedy Channel has to offer.. And could someone post the news that Debeers is involved with CMKX...too many pages to read through...
Brandon
[This message has been edited by brandwilliams (edited May 17, 2004).]
[This message has been edited by brandwilliams (edited May 17, 2004).]
Posts: 390 | From: friendship, tn USA | Registered: Feb 2004
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posted
Much better than anything QueerBID-T.V.'s got.Probably more viewers in a day here on Allstocks than there will be on....it.
Posts: 2634 | From: The highway | Registered: Feb 2004
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quote:Originally posted by highwaychild: Much better than anything QueerBID-T.V.'s got.Probably more viewers in a day here on Allstocks than there will be on....it.
Please post this news that Debeers is involved with CMKX...You are a supporter please convince me to buy. I have made a few grand off Qbid...how much have you made off CMKX? But please give me that DD so I can buy a few million shares myself.
Brandon
Posts: 390 | From: friendship, tn USA | Registered: Feb 2004
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quote:Originally posted by highwaychild: It sounds to me like you need a little piece of mind.I would give you mine but I need all I got.
[This message has been edited by highwaychild (edited May 17, 2004).]
Just like most of you, your minds do not work that well. Otherwise you would think for yourself instead of saying what others have embedded in your little brain.. I'm out, too hard for me to lower my intelligence to speak with brainwashed fools. I will respond no more. Still waiting for an ansewer to the Debeers question. It has been posted quite a few times by CMKX supporters, I just want to see some proof that a respectable company has anything to do with CMKX...Then I will consider buying myself..
Brandon
Posts: 390 | From: friendship, tn USA | Registered: Feb 2004
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posted
Son, There is only ONE!and if you haven't figured that out don't worry He will save a warm place for you at the end of time! Enjoy!!
Posts: 96 | From: walker, Mi, USA | Registered: Apr 2004
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quote:Originally posted by needtoretire: Son, There is only ONE!and if you haven't figured that out don't worry He will save a warm place for you at the end of time!
I love to see you guys get all upset over someone questioning your beliefs. According to you I guess 3 quarters of the world will be with me then huh? One day there will be someone respond in the way that (guessing Jesus of Nazarene, son of Mary and Joseph, the Messiah to Jehova, the Jewish God) would.
Brandon Enjoy!!
Posts: 390 | From: friendship, tn USA | Registered: Feb 2004
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However, it is pretty outdated and the connection is as direct as we might want.
Casavant Mining Kimberlite International Announces Purchase of 25 Mineral Claims and Ground Magnetic Survey Update
Wednesday, 03-Sep-2003 6:40AM PDT
Story from Nv Casavant Mining via BizWire Copyright 2003 by Business Wire (via ClariNet)
LAS VEGAS--(BUSINESS WIRE)--Sept. 3, 2003--Casavant Mining Kimberlite International (OTCBB:CMKM) is pleased to announce the purchase of 25 mineral claims from North Sask Ventures Limited (a private company), approximately 10,912 acres in the Fort a la Corne area. After airborne magnetic surveys were conducted in the Fort a la Corne area, most of these claims were staked by previous claim holders, due to anomalies that were acquired from data taken from the airborne magnetic surveys. Two of the 25 claims are adjacent to known diamond-bearing property operated by Kensington (KRT), Cameco, DeBeers Joint Venture in Fort a la Corne. Claim #S-135017 is south of kimberlite body #152 and claim #S-15016 is north of kimberlite body #168 both which are operated by the joint venture. Claim #S-135018 is adjacent and north of Shore Gold's (SGF) Birch Lake kimberlite. The remaining mineral claims are strategically located and are currently surrounded by numerous other claims held by CMKI and other claim holders in the area.