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I've seen potential profit assumptions posted on this thread ranging from 8,000% to 30,000% with an 80,000,000 share holding! Does anyone really believe that's going to happen? Assuming you bought all of them at .0001 (which is doubtful) that would mean you invested $8,000.00 in this company and you are expecting a minimum of a $640,000.00 return and possibly as much 2.4 million?! Come on, it's never gonna happen! You should try to get out when this stock does its next MM/Casavant influenced bounce to .0002 and thank your lucky stars that you didn't lose it all. Good luck getting out at .0002 though. I have had a gtc sell order in at .0002 for at least three months now and it hasn't filled yet, even when the stock was bouncing in that range a few weeks ago.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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I view risky ventures like this if I take $100 and buy powerball tickets and another $100 and buy shares in this stock what do I have to lose.The most is become very weathy or least I am out $200.I have a better chance at making some change on this or other stocks like this as I would being the next powerball winner.It's a gamble but a stock is more fun with months of hope instead of a few days waiting for my numbers to come in.Maybe my numbers will come in tonight but I will buy into CMKX in the morning..........Time will tell.My two cents worth.
Posts: 95 | From: Cocoa,Fl,USA | Registered: Feb 2004
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i agree with you seamonkey the odds are way better then the lotto and the thrill lasts longer. and your only taxed on 50% aleast here in canada .
Posts: 162 | Registered: Mar 2004
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Let me see QBID. At .0001 (a fraud, nothing but liars, con-artist etc etc etc). Now if you would have got in at .0001 with $8000 worth. Which would have been 80M shares. At its high of .028 you whould have had $2,240,000.00. Of course that is impossible. BS Now here is CMKX at .0001. I think I will take the same chance as QBID people did. I here the same negativity as with QBID and IBZT. So I figure it must be a winner. It will be bashed all the way up. I do not consider a $1K that big of an investment when you could make hugh returns. I will just set here and if it happens great. If not I will look for another one.
Posts: 1046 | From: Evans. GA 30809 | Registered: Jan 2004
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quote:Let me see QBID. At .0001 (a fraud, nothing but liars, con-artist etc etc etc). Now if you would have got in at .0001 with $8000 worth. Which would have been 80M shares. At its high of .028 you whould have had $2,240,000.00. Of course that is impossible. BS Now here is CMKX at .0001. I think I will take the same chance as QBID people did. I here the same negativity as with QBID and IBZT. So I figure it must be a winner. It will be bashed all the way up. I do not consider a $1K that big of an investment when you could make hugh returns. I will just set here and if it happens great. If not I will look for another one.
First off, I cannot recall a thread where QBID was referred to as a "fraud", a group of "liars" or "con-artists". If I'm wrong, please post a link to the thread. Secondly, until recently they were a relatively undiscussed stock here and on other boards until someone discovered their gay progamming efforts and that's when the stock exploded, based on rumors and the huge potential of their market. CMKX on the other hand has been both pumped and bashed on all of the major boards forever and everyone knows about them. They have no chance of "coming out of the blue" so to speak and having an emotional run up like QBID. The only way this company will leave the .0001-.0002 territory is by actually producing something that has tangible and profitable results and in my opinion, that's never going to happen. I do agree with you on one point though, take a chance if you can afford it. Buy into the CMKX lottery. If you're lucky you might double what you invested assuming you can buy at .0001 and someday sell at .0002. But just like the lottery, you have a better chance of losing everything you put in, in my opinion (backed up by research) of course.
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You doubt he got all 80 million at .0001? Are you kidding. This thing has a regular rotation of bored shareholders who dump at .0001 for the cost of the trade because they are tired of holding. But some day i have a feeling they will be rewarded.
Posts: 609 | From: Bloomington, Indiana | Registered: Feb 2004
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Do I doubt it? Absolutely! When the hype began in earnest over this stock I got caught up in it and tried to buy at .0001 for a week. It never filled. Finally I put a market order in and it filled at .0002. The trades you see at .0001 are actually filled at something like .00005 or slightly above and are rounded up to .0001. Test it for yourself. If you own any, put in a market sell order. It will fill around .00005. When you see a price of .0002, you might get a market sell order filled at .0001. Pure manipulation.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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Yeah, I see your point. A company that's supposed to be investing all of their resources in diamond mining is instead throwing money away on a drag racer. Seems like a solid business plan to me.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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I read it. It still makes no sense. I really got a kick out of Mr. Casavants statement "We are accomplishing exactly what we set out to do with this venture now we will focus on winning,". And what would that be? Finding new investors to steal from? Why would a diamond mining company want to sponsor a car anyway? Most sponsors I have seen are consumer product companies and the sponsorship is a form of advertisement for their product i.e. Gatorade, Pennzoil, etc., off the shelf consumer items. I just can't understand the business logic of a mining company's sponsorship.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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UPSIDE: No wonder you have problems. I think you need to go back and read all about QBID. You are totally wrong. The CEO was called every name in the book. I know I was there. Almost from start to now.
Posts: 1046 | From: Evans. GA 30809 | Registered: Jan 2004
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Casavant is an old man. Maybe now that he "knows" there are diamonds in the Kimberlite, he just wants to live out a life time racing fantasy
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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quote:UPSIDE: No wonder you have problems. I think you need to go back and read all about QBID. You are totally wrong. The CEO was called every name in the book. I know I was there. Almost from start to now.
Well, I did a search here (search term was QBID) and did an admittedly quick scan of the threads and couldn't really find any negative postings. I don't doubt that they exist, I just couldn't find them. It's somewhat irrelevant to the point anyhow. QBID was not discussed at length on this board or any others that I go to until late last year. Someone (I think it was ********) discovered them and their programming concept, word got out, and that's when it took off. CMKX on the other hand has been getting pumped and bashed for the longest time, everyone knows of them and knows their track record. They don't have the element of suprise like a QBID had to suddenly take off on hype and frenzy. It will take actual results, revenues, profits, and disclosure before anything happens with this one.
A company cannot purchase mineral rights to property that does not contain the mineral. If you were to go to Kentucky and try to purchase gold mining rights they would laugh at you all the way out of the state.
Under the heading Mineral Patents were it is listing the requirements... Part a. says.. "a. For mining claims. Demonstrate a physical exposure of a valuable (commercial) mineral deposit (the discovery) as defined by meeting the Department's Prudent Man Rule(1)and Marketability Test(2)...
In other words you first have to prove that the property has the mineral that you want to purchase the mineral rights for. So with that in mind, UC or someone has already proven that diamonds are there. It is just a matter of them finding the Mother Load...
Maybe this will help youse understand the large volume trading going on.
In a dealer market, market makers post bid and ask prices and buy shares from or sell shares to the public investors at these prices. A dealer is on one side of every transaction, which results in trading volume being overstated. When an investor sells 100 shares of firm X to a dealer, the dealer reports a 100-share transaction; when another investor buys the 100 shares of firm X from thedealer reports another 100-share transaction. Only 100 shares of firm X changed hands between the two investors, but trading volume of 200 shares has been reported for the day.
Trading volume is further overstated due to inter-dealer trading. When a dealer acquires additional inventory from other dealers to fill a large order for an investor, each of these inter-dealer trades is reported as trading volume even though no shares were traded by an investor.
I hope this might explain the huge volume amounts for most of you. I never proclaimed to be an expert by any means and things are different when we are not talking OTC BB. If you look up a big time mover and shaker you won't see huge amount of volume trades like you do on the OTC BB. Things are executed differently on say NYSE where most transactions are between an actual buyer and seller.
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upside, why wouldnt a race car be a good way to get the word out about the company?
also....people do not think that i believe this is where all my money goes. just a little bit. i think QBID is over-rated. they have made gains, but what if they are quickly shut down. i like my biggest holding in IBZT. i believe they will do well for me.
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cashcow---the cmkx properties are in CANADA kentucky is the US and BLM is a US federal organisation..... furthermore cmkx has no BID price......that should tell you something.....the MM's only SELL it.... but who knows?
Posts: 36378 | From: USA | Registered: Sep 2003
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furthermore cashcow--you better do some more DD before you start making flat statements like there are proven finds ANYWHERE.... it is unverifiable and you may be breaking SEC rules and even federal laws making statements like that......the fact is that someone else made claims similar to that and i notice he is back here, but he left for quite awhile..........show me one verified claim that the company has made declaring ONE single or more diamonds and i will publicly apologise--but i am confident that you can't..............
Posts: 36378 | From: USA | Registered: Sep 2003
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Moo, Canada is a completely different animal. Anyone can make a claim virtually anywhere, even on privately owned land. The land is for the most part all owned by the government when it comes to mineral, gas, or other rights as far as exploration goes. I believe it's referred to as Imperial land or something like that when a stake is made. It's the governments way of getting their share of anything that's discovered. Look, I'm not trying to prove you or anyone else wrong about CMKX. I just don't believe in the company and am posting an opposing viewpoint so anyone considering investing in this stock can look at it from all sides. Nothing personal here at all and I hope you succeed in your strategy!
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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Glassman, Thanks man. Outside of VNGNTN1 (thanks to you too!) you're the only voice of reason I've been able to find regarding this stock. It seems like if you post anything negative about this stock your name is dragged through the digital mud! In the spirit of being fair and balanced, I'll post this: One of my big questions about this company is that they have never been shown on the claimholders map located here: http://www.explorationgis.com/falc_detail11.html It's updated monthly and they have never appeared on it. As of this month, they still don't show up but their "Carolyn" pipe does. According to the color coded chart it's listed under a claim with no name associated with it, just a number but I guess it's something. Thanks again guy!
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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www.cmkxdiamonds.com has been bought and secured. i wonder what is going on there and who bought that domain name and when we will see something on it
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www.cmkxdiamonds.com has been bought and secured. i wonder what is going on there and who bought that domain name and when we will see something on it
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i have seen this thing come and go several times--there are even people who swear they made money on it one day.......or maybe it traded above one for a week or something.... the real question in my mind is this-- can you or anybody even sell what they have for .0001?-i don't know because i don't own any never have ---i am not one to try to tell someone how to spend their hard earned money, i am am just here to help......i mean i kind of like the idea of starting a corp to to sponsor a racecar......i have nothing aginst any company that tries and fails either cuz failure is a more likely than success.... but the amount of shares this company appears to be SELLING eveyday is unreal.........tell me guys can you sell YOUR shares back for .0001? cuz the MM can't make a living buying shares at .001 and selling them for .0001.........the math just aint right.....
Posts: 36378 | From: USA | Registered: Sep 2003
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i love the smell of cam2 in the morning it smells like VICTORY--how many shares do they have to sell to buy a gallon of cam2?
the only reason i post here is because every dollar wasted on bad investments is a dollar lost to the markets.......guess what-- those dollars are badly needed by real people working their buts off to make capitalism work, so they can grow their biz'z and pay taxes so we can win the war on terrorism......stop throwing your money away and put it into something that will be productive.....everybody wins......we are in war here, wasting money in war-time is criminal.
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I don't believe in this company but I did pick up 1 mil shares just in case because you never know. When IBZT was at .001 i picked up 100k shares just on my gut instinct. Then I plugged it on the message boards all I got was a bunch of people saying this could never go anywhere. I almost believed them and was gonna sell but I said what the heck it only cost me $100.00 plus the 10.99 commission I don't have mush to lose and I held and I am glad I listened to myself and not all the experts. I am saying the samething now what the heck it's only $110.99 for 1mil shares I got it at .0001..scam or not I am not gonna lose much but YOU NEVER KNOW.
Here's some videos from CMKX...... CMKM Diamond private message board
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