posted
Also fj, my point in posting the P r o w ler's pick was NOT to hype Bibo (which I stupidly sold Friday to buy more CMKX), but to highlight the fact that CMKX was definitely on their radar, This will be great for us.
I will try to find a way to buy both of these on Monday. Holding 10mil CMKX, but am jealous of those with more. Plus, PharmDMan is gonna try to catch up with me and i must always keep 1 step ahead of his gay a$$!
posted
I was out this evening and returned to see this thread deteriorating to what I witnessed on the QBID thread. If you want vado to stop his unfounded bashings, simply don't reply to him AT ALL. IGNORE him completely. The scab will fall off and everything will heal. Excitement is good, but we're not there yet, save your energy for when you really need it. Have fun, but let's try to be mature and reasonable.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
the cmkx story/hype is growing like wildfire..this stock is about to explode base on momenetum and the expectation of a huge massive diamond find...check out all the boards talking about cmkx:
CMKX News and Volume « Thread started on: 06/02/2004
-------------------------------------------------------------------------------- CMKX News and volume CMKX Results! http://www.*********************
quote:Originally posted by vado: MM's that's all i hear...... Their pps is low because their Market CAP is low and their OS is HIGH. I think they are already overvalued at .0004. We'll see monday when the bottom drops off and it's back down to .0001. Let me have it......
quote:Originally posted by vado: MM's that's all i hear...... Their pps is low because their Market CAP is low and their OS is HIGH. I think they are already overvalued at .0004. We'll see monday when the bottom drops off and it's back down to .0001. Let me have it......
Your the same jerk that was bashing QBID. Go out and find something to do. You'll be better off. If nothing else play in the traffic.
posted
WOW-A lot of posts. Thanks Trading Wizard and Klempar for the kind words one page back. This is going to be an exciting 2 weeks or so. As for who is buying more on Monday count me in. I will be buying if they are selling. If it goes to .0001 as one person suggested, Great, I will buy multiple millions more. I am expecting to pay .0005. The day of reckoning is here for the Naked Short Sellers in this security. They are allowed to naked short to create an orderly market but they are not allowed to try to ruin a company and they are supposed to make sure shares are available. We still don't know the share count or the value of the kimberlite/diamond fields. A $1 a share with 500 Billion shares out would be hard to believe. But and this is total speculation- But,if a much lower share count plus a diamond find confirmed by the 4 mining companies we do business with and 2 labs is released and a low ball guesstimate on the mineral rights for all of our mineral claims is given then $1 would be possible even outside of the Naked Short position. This is going to be one wild ride. I plan on buying more so I can take some profits along the way but not miss out on thebigger gains. --------------------------------------------- As far as paying .0005 goes I feel bad to have to pay that much when it was .0001 last month. But last month we didn't have the news of a Audit and a change of transfer agents. We didn't have the news of the Law firm and the Lawyer and his resume and speciality. Look at the client list. Is there a sub penny in the lot? So the price of admission just went up and I think it is still dirt cheap. I don't know when the diamond announcements will be made. I do think we have diamonds and I think it hasn't been announced because as Paul proposed it may have temporarily moved the price but it would have retraced due to Naked Short sales without a share structure or procedure to prohibit it. The 2 main reasons I believe is that there are known diamondiferous kimberlite pipes in the area. I think one of our kimberlite pipes is a continuation of the same pipe (not a different one) that has already been shown to have diamonds. The other reason is that at least 3 mining companies doing business in the area have given us cash for %'s of our claims. These claims have been drilled and the core samples sent out. The results should have been back and we should have heard by now. Why are the other mining companies and their shareholders quiet and not screaming for the results? Lastly, the caliber of the law firm and this lawyer in particular (with his SEC background) would never be party to a P & D or a fraud. They wouldn't tarnish their reputation for any amount of money. I put this all together and I will be hard pressed to not take some profits at .02 or so on a couple of million shares-I know I want to be long with about 10 million shares+ if I can. So I feel compelled to buy more now because I do not want to chase this stock. Some may think paying .0005-.0007 is chasing already but I think not. The latest news has increased the value dramatically and if the MM's. Not knowing the share count and the diamond/kimberlite testing results still make this a very speculative play but it is also why we can afford to get a lot of shares still. -All of this is just my opinion. Do as much research on this as you can. Go to the company website, look at the message boards, read the pros and the cons. and then make your decision based on your risk tolerance. Do not risk more money than you could stand to lose or tie up for an extended period of time. I do think this an awesome opportunity and I am not trying to pump but I do want to show the basis for the decisions I am making. GLTA and Better get some sleep tonight-they may put out another PR on Monday. -Debi -Time to go to Church!! (My husband is the Pastor-he would notice if I don't show up.)
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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quote:Originally posted by Booty Quest: ...I will try to find a way to buy both of these on Monday. Holding 10mil CMKX, but am jealous of those with more. Plus, PharmDMan is gonna try to catch up with me and i must always keep 1 step ahead of his gay a$$!
LMAO... don't make me b\tch-slap you!
Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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posted
Question: If MM's try to cover their naked shortage why is it still possible to buy shares even at .0004? I thought MM's will keep all shares for them...! Anyway I long with this one. Go CMKX!
Posts: 1335 | Registered: Oct 2003
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posted
I don't have CMKX, I am buying on Monday. Vado, If you think its bad, post resons. Do not just BASH. Also, don't be mad because you did not buy it at 0001, you can buy at 0005.
P.S: Dude, first know what is reverse split then talk about CMKX. You started a new thread about HVNR saying how it went from 0001 to .95 (it was r/s)
[This message has been edited by TruthTeller (edited June 06, 2004).]
posted
people with millions of shares of this stock are crazy. You are going to spend $5200 on 52 mil shares of this shat. I spent $69 for 690,000 shares about 3 months ago. I think that is plenty and people need to stop being greedy.That is how u lose all of your money when your greedy. Just my opinion GLTA
Posts: 5 | Registered: Mar 2004
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statement ..("There is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company") has been omitted from the end of the last 3 PRs?
quote:Originally posted by mizzou7:mizzou what are you saying here? my take is the omission from the last three pr's is positive,do you concur... rivercity From another board...
statement ..("There is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company") has been omitted from the end of the last 3 PRs?
posted
pharmdman Member posted June 06, 2004 08:52 --------------------------------------------- quote: ---------------------------------------------- Originally posted by Booty Quest: ...I will try to find a way to buy both of these on Monday. Holding 10mil CMKX, but am jealous of those with more. Plus, PharmDMan is gonna try to catch up with me and i must always keep 1 step ahead of his gay a$$! ---------------------------------------------
posted
I guess it's a futile battle asking to keep things mature and sober here. I see the QBID pickle nonsense has crossed over. I give up, you kids may do your little nonsensical show, I'll filter through it. Is there an ignore feature to block certain memebers posts here?
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by WWJD-thru-me: WOW-A lot of posts. Thanks Trading Wizard and Klempar for the kind words one page back. This is going to be an exciting 2 weeks or so. As for who is buying more on Monday count me in. I will be buying if they are selling. If it goes to .0001 as one person suggested, Great, I will buy multiple millions more. I am expecting to pay .0005. The day of reckoning is here for the Naked Short Sellers in this security. They are allowed to naked short to create an orderly market but they are not allowed to try to ruin a company and they are supposed to make sure shares are available. We still don't know the share count or the value of the kimberlite/diamond fields. A $1 a share with 500 Billion shares out would be hard to believe. But and this is total speculation- But,if a much lower share count plus a diamond find confirmed by the 4 mining companies we do business with and 2 labs is released and a low ball guesstimate on the mineral rights for all of our mineral claims is given then $1 would be possible even outside of the Naked Short position. This is going to be one wild ride. I plan on buying more so I can take some profits along the way but not miss out on thebigger gains.
wwjd-you are welcome,this is my ferst pink I ever start trade for 5y trading,now I bought level2 from ALPHATRADE and tell you this em exited like I would trade NASDAG stock just awsome. Otherwise MALVIN comfirm that they are working on OTCBB listing as we speak. To me is a signal of more to come we will se in upcoming PR's finely numbers what's the float and O/S ,any board you gona load there is talk about CMKX it's world wild folk's and if this is only pump (which I doubt that) THAN WHOEVER bash this stock is MORON couse he missing the boat of the lifetime, I am from Czech republic living CANADA I member one of the bigest message board in are country there is topic CMKX busy just like here,same germany,fr,austr,ital... end rest of europe, URBAN promise that there wil be no R/S unles we gona trade .50 than he would to try move on NASDAG , well so far OTCBB, gonna be enough take CMKX to .01 anybody styl doubt that than, there is no help for you outhere. I am not seying that next we gonna see 01, but MONDAY morning will start with heavy buying on the ask meaby open gup .0005 and we might see .0007-.0008 there gonna be some sels afternon might even test it the bigest rof .0010 from there we are on right direction, the ded line is 23 june to be listed on OTCBB so I expet. now PR's every week with continues steady rising of PPs. good luck to all and don't lisn bashers not even pumper's read the PR's and behave like MARKET TRADER........OUT
Repost: Interesting. Now why would a .0001 company bring in a big-boys law firm? Lead counsel for CMKX is a partner at the firm with lots of experience, clout, and roots at the SEC. Any yahtzee law firm can get them on the OTCBB. Why would they hire such a prestigous firm. And why is a partner the lead counself for this? Better yet, why did a law firm of this caliber accept them as a client and stick a partner as the lead counsel.
Care to see their client list (among others)? (topic picked back up below after client list)
Alta Communications American International Group Amtrak Bacou-Dalloz, USA, Inc. Battery Ventures Bear Stearns & Co. Brown Brothers Harriman & Co. Brown University Citizens Bank Clear Channel Communications Columbia Capital Conair Corporation CrossBow Ventures CVS Dana-Farber Cancer Institute Dobson Communications Corp. Employers Reinsurance Corporation FleetBoston Genzyme Corporation Gerber Life Insurance Company GTECH Corporation Gulf Insurance Company Halliburton Harvard University John Hancock Life Insurance Company Johns Hopkins University JP Morgan Partners Key Bank King Pharmaceuticals M/C Venture Partners MassMutual Life Insurance Company Merck Capital Ventures LLC Nautic Partners NBC NCR Corporation Northwest Airlines Owens Corning Pitney Bowes Inc. PNC Financial Services Group priceline.com Incorporated Providence Equity Partners Providian Financial Corp Rohm and Haas Company SmurFit-Stone Container Corporation South Florida Water Management District Spectrum Equity Investors St. Elizabeth Medical Center of Boston, Inc. Takeda Chemical Industries, Ltd. Textron Financial The Thomson Corporation Travelers Property Casualty Corp. Twentieth Century Fox Film Corporation UBS Financial Services Inc. University of Florida Research Foundation, Inc. University of Vermont Wellman Inc. Wells Fargo
If this was a small deal for the law firm, you would think they would stick an intern or newbie as the lead, but it appears to the Law Firm they need to put a partner on the assignment as lead counsel.
you are right. this is a canadian penny stock mining company, has been non-reporting, is on the pink sheets, sat at .0001 with no bid for several weeks, has an A/S of 500 billion shares, and owns a bunch of farm land in Canada.
however, a former lead geologist for DeBeers joined this little company, and has valued their claims of 1.5 million or so acres at 40-60 billion dollars. It is rumored the O/S is less than 50 billion, but even worst case scenario, with this valuation, and a 500 O/S, intrinsic value would be $0.08 -$0.12/share (40 or 60/500). Now if the O/S is 50 billion, the intrinsic value would be $0.80 - $1.20 / share.
when Urban took the company off the otcbb, it opened the doors for him to do a lot of things off the record that a non-reporting company can do. He did not have to disclose the O/S, nor did he have to disclose pretty much anything.
The MM's went crazy and shorted the snot out of it. In essence they "boxed it in" at .0001. If any buying pressure came, they let it rise, and then naked shorted it back down. Most companies either go out of business, or do a R/S to emerge from boxing in, but that drives off shareholders, and the shorting continues. After all, short it! This is a company with nothing. No assets, no revenues, etc. Naked shorting has put a ton of businesses out of business, and has lotst billions of investors dollars.
I have heard from several trusted sources that the estimated short-position on CMKX is about 1 Trillion shares.
If CMKX has diamonds, they are in no position to mine it. There are several small diamond mining publically traded companies operating in the region, but DeBeers is the one right next door to the claims. In fact, of the 1.5 million acres CMKX has, DeBeers has about 50,000 acres, and CMKX surrounds DeBeers. In essence UC stole the claims from DeBeers. It came time to sign for the claims, and there was a big snow storm, and all flights were canceled. DeBeers was not able to get there in time. UC came in and basically "claimed" the claims.
Once having obtained the claims they partnered with some JV's to obtain funding for ariel surveys (very expensive for small timers), and used the results to know where to drill.
They drill in huge kimberlite pipes, and the results should be released soon of those tests.
So now, supposedly they have diamonds and a whole lot of them, and one HUGE naked short position.... This possibly could be the naked short for the ages.
By signing a TOP law firm from NY whose client list includes many companies on the Nasdaq and NYSE, and on top of that have a PARTNER as lead counsel, this leads me to believe the diamond results are positive, hence hiring the best of the best. If they were looking to "just start reporting" and go to the otcbb, they would have hired a much cheaper law firm. Also, something had to have been there for the law firm to say "yes, I will represent you, and you will be my client, and we will have a partner be lead counsel".
In addition, the reason they may have increased the A/S was to ensure they would have 51% majority interest in case of a hostile take over.
They may have hired the law firm to make them fully reporting in anticipation of joining and exchange and getting off the pink sheets, OR to make sure all of their ducks are in line for a buyout by a major diamond mining company.
There is a shortage of diamonds, and several of DeBeers biggest mines have significantly dropped in production. With a stranglehold on the diamond market for decades, DeBeers has slowly been losing market share to smaller diamond mining companies. Canada is supposed to be the next major mining area of Diamonds for the next 30 years. I would think someone big will want a peice of it if there are as many Diamonds as the lead geologist says there are.
so yes, this is as speculative as it gets. It trades at several hundreths of a penny. What ever you buy could be worthless. Based on recent events I think otherwise.
it closed at .0004 today, and most of the MM's are parked at .0005 for Monday. You could still get 1,000,000 shares at .0005 for $500. :O)
will it go to zero? maybe. If it goes higher, how high will it go? Anyone's guess.
as for me: 10,000,000 shares and holding from .0002 :O) _____________________________________ May God Bless All.
posted
Since this is moving again maybe someone here may be able to shed some light on a problem I had with this stock last fall. I've left etrade and would really like to bust their balls over this. This is old copy that I had posted at the time of the infraction.
Has anyone else had this problem with CMKM stocksplit?
11/30/2003
Dar 2849 N. Palo Verde Blvd. Lake Havasu City, AZ 86404
To Whom It May Concern;
I have addressed this issue previously with etrade and am not satisfied of the explanation provided to me by etrade brokerage. Etrade Brokerage claims that because I did not hold my shares of CMKM (Casavant Mining Kimberlite International) through 09/29/2003 I am not to be awarded additional CMKM shares. The president of CMKM states that shares only need be held through close of business September 12th, 2003. I have printed my records of executed trades with etrade and through 09/09/2003 I had purchased 15,000,000 CMKM shares between 8/20/2003 and 9/9/2003. With a three day settlement period, these same shares would have been in my account on 9/12/2003. I also purchased 3,500,000 on 9/10/2003. Counting the 10th, 11th, and 12th, these shares should also have been in my account on the 09/12/2003 record date of close. I sold 5,500,000 on 09/12/2003. Even if the shares purchased on 09/10/2003 were not recognized, after selling the 5,500,000 on 09/12/2003 I would still have been holding 9,500,000 shares at close of business day on 09/12/2003. The shares (3,500,000) purchased on 09/10/2003 would have brought my account to 13,000,000 shares as of close of business on 09/12/2003. At the end of September etrade placed an additional 1,000,000 shares in my account to match the 1,000,000 shares I still held on 09/29/2003. When I called to inquire of the matter I was informed by etrade that I was only due a matching amount of shares that I held on 09/29/2003 (1,000,000). According to an Oct 3, 2003/PRNewswire-FirstCall via COMTEX that I printed from etrade site, etrade is in error with there assumption. The followiing is the News Wire...
Urban Casavant, President of Casavant Mining Kimberlite International (OTC: CMKM) would like to clarify that the payable date for the 2-1 forward stock split will be Monday September 29, 2003. This means that all shareholders who hold CMKM stock through close of market Friday September 12, 2003 will receive one additional CMKM share of stock for every share that they hold through September 12, 2003 the X dividend date, and be paid extra shares by September 29, 2003. Casavant Mining Kimberlite International Board of directors have also approved the spin-out of the corporate zinc deposits at George Lake, Saskatchewan, its wholly owned subsidiary Casavant Mining International, Inc. (CMI). Shareholders of record who hold CMKM stock through close of market on Friday September 19, 2003 will receive one share of CMI stock for every share of CMKM stock that they hold through this date. The payable date for the CMI shares of stock will be Friday October 3, 2003. CMKM shareholders of record at the time will receive one share in CMI stock for every share they hold and will continue to own their CMKM stock. This spin-out will enable CMKM to concentrate on diamond exploration and development at Forte a la Corne, Saskatchewan. If shareholders sell their CMKM stock before September 12, 2003 or September 19, 2003 they will forfeit their rights to receive dividends for CMKM stock split or CMI stock. Drilling information will also be released 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 -0- 08/22/2003 /CONTACT: Melvin O'Neil of Casavant Mining Kimberlite International, Diamonds Hotline, +1-306-752-3755, +1-877-752-3755, fax, +1-306-752-3754, ipr@sasktel.net/ (CMKM) CO: Casavant Mining Kimberlite International ST: Nevada IN: MNG OTC SU:
This is a follow up News Wire.....
Company News and Press Releases From Other Sources: Casavant Mining Kimberlite International Clarifies Record Date for CMKM 2 for 1 Stock Split
LAS VEGAS, Oct 3, 2003 /PRNewswire-FirstCall via COMTEX/ -- Urban Casavant, President of Casavant Mining Kimberlite International (Pink Sheets: CMKM) would like to clarify that the record date for the 2-1 forward stock split was September 12, 2003. This means that all shareholders who held CMKM stock through close of market Friday, September 12, 2003 receive one additional CMKM share of stock for every share held through September 12, 2003. Stock was to be paid into stockholders accounts after September 29, 2003. Casavant Mining Kimberlite International has received several calls from shareholders that brokers are only crediting their accounts for shares of CMKM stock that they had in their accounts as of September 29, 2003. This is not correct. Thus many shareholders are deficient shares owed to them. Shares of stock for the 2 for 1 stock split should be paid for shares held through the close of business September 12, 2003. If you have questions regarding deficient shares in your account please contact your broker to correct the situation. CMKI is also planning to retire more shares of CMKM stock and will announce the total amount retired and the certificates next week. 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
The following is a list of executed fill orders downloaded from my etrade account.
As you can see, I am still owed millions of shares of CMKM stock. I was told on 12/2/03 that an ETRADE banking official had reviewed my case and again denied my claim for shares as I did not hold all shares through Sept. 29th, 2003. Believe it or not, I copied these articles from etrade website. I have also witnessed posting on the Raging Bull CMKM stock message board that state that some people were paid more than they had coming, and others appear to be in the same situation as I find myself. CMKM board post #9842 claims to have been grossly overpaid and post 10973 claims to have received double. Post 10904 claims to have bought the stock on 9/12 and although the trade could not have been settled they received shares. Etrade claims that I had to have the stock certs and hold the shares until 9/29 to receive the shares I expected. Is there anything you could possibly do to draw more attention to this matter or possibly enlighten me to my misunderstandings? The way brokerage houses penalize traders swiftly and severely, if I am owed these shares would I not be entitled to additional damages? With the SEC seeming to notice the OTCBB trading levels and corruption suspicions, maybe a letter in that direction next? Reply would be greatly appreciated.
- Disgruntled Trader
------------------ Due Da Due......But Be Quick About It!!!!!
DaDog
[This message has been edited by dardadog (edited June 06, 2004).]
What is your opinion on what's happening with CMKX... you seem to be a valued member of allstocks and well respected... why would you have sold this stock last fall ?
For what it was worth, would it not have been better to hold ?
Repost: Interesting. Now why would a .0001 company bring in a big-boys law firm? Lead counsel for CMKX is a partner at the firm with lots of experience, clout, and roots at the SEC. Any yahtzee law firm can get them on the OTCBB. Why would they hire such a prestigous firm. And why is a partner the lead counself for this? Better yet, why did a law firm of this caliber accept them as a client and stick a partner as the lead counsel.
Care to see their client list (among others)? (topic picked back up below after client list)
Alta Communications American International Group Amtrak Bacou-Dalloz, USA, Inc. Battery Ventures Bear Stearns & Co. Brown Brothers Harriman & Co. Brown University Citizens Bank Clear Channel Communications Columbia Capital Conair Corporation CrossBow Ventures CVS Dana-Farber Cancer Institute Dobson Communications Corp. Employers Reinsurance Corporation FleetBoston Genzyme Corporation Gerber Life Insurance Company GTECH Corporation Gulf Insurance Company Halliburton Harvard University John Hancock Life Insurance Company Johns Hopkins University JP Morgan Partners Key Bank King Pharmaceuticals M/C Venture Partners MassMutual Life Insurance Company Merck Capital Ventures LLC Nautic Partners NBC NCR Corporation Northwest Airlines Owens Corning Pitney Bowes Inc. PNC Financial Services Group priceline.com Incorporated Providence Equity Partners Providian Financial Corp Rohm and Haas Company SmurFit-Stone Container Corporation South Florida Water Management District Spectrum Equity Investors St. Elizabeth Medical Center of Boston, Inc. Takeda Chemical Industries, Ltd. Textron Financial The Thomson Corporation Travelers Property Casualty Corp. Twentieth Century Fox Film Corporation UBS Financial Services Inc. University of Florida Research Foundation, Inc. University of Vermont Wellman Inc. Wells Fargo
If this was a small deal for the law firm, you would think they would stick an intern or newbie as the lead, but it appears to the Law Firm they need to put a partner on the assignment as lead counsel.
you are right. this is a canadian penny stock mining company, has been non-reporting, is on the pink sheets, sat at .0001 with no bid for several weeks, has an A/S of 500 billion shares, and owns a bunch of farm land in Canada.
however, a former lead geologist for DeBeers joined this little company, and has valued their claims of 1.5 million or so acres at 40-60 billion dollars. It is rumored the O/S is less than 50 billion, but even worst case scenario, with this valuation, and a 500 O/S, intrinsic value would be $0.08 -$0.12/share (40 or 60/500). Now if the O/S is 50 billion, the intrinsic value would be $0.80 - $1.20 / share.
when Urban took the company off the otcbb, it opened the doors for him to do a lot of things off the record that a non-reporting company can do. He did not have to disclose the O/S, nor did he have to disclose pretty much anything.
The MM's went crazy and shorted the snot out of it. In essence they "boxed it in" at .0001. If any buying pressure came, they let it rise, and then naked shorted it back down. Most companies either go out of business, or do a R/S to emerge from boxing in, but that drives off shareholders, and the shorting continues. After all, short it! This is a company with nothing. No assets, no revenues, etc. Naked shorting has put a ton of businesses out of business, and has lotst billions of investors dollars.
I have heard from several trusted sources that the estimated short-position on CMKX is about 1 Trillion shares.
If CMKX has diamonds, they are in no position to mine it. There are several small diamond mining publically traded companies operating in the region, but DeBeers is the one right next door to the claims. In fact, of the 1.5 million acres CMKX has, DeBeers has about 50,000 acres, and CMKX surrounds DeBeers. In essence UC stole the claims from DeBeers. It came time to sign for the claims, and there was a big snow storm, and all flights were canceled. DeBeers was not able to get there in time. UC came in and basically "claimed" the claims.
Once having obtained the claims they partnered with some JV's to obtain funding for ariel surveys (very expensive for small timers), and used the results to know where to drill.
They drill in huge kimberlite pipes, and the results should be released soon of those tests.
So now, supposedly they have diamonds and a whole lot of them, and one HUGE naked short position.... This possibly could be the naked short for the ages.
By signing a TOP law firm from NY whose client list includes many companies on the Nasdaq and NYSE, and on top of that have a PARTNER as lead counsel, this leads me to believe the diamond results are positive, hence hiring the best of the best. If they were looking to "just start reporting" and go to the otcbb, they would have hired a much cheaper law firm. Also, something had to have been there for the law firm to say "yes, I will represent you, and you will be my client, and we will have a partner be lead counsel".
In addition, the reason they may have increased the A/S was to ensure they would have 51% majority interest in case of a hostile take over.
They may have hired the law firm to make them fully reporting in anticipation of joining and exchange and getting off the pink sheets, OR to make sure all of their ducks are in line for a buyout by a major diamond mining company.
There is a shortage of diamonds, and several of DeBeers biggest mines have significantly dropped in production. With a stranglehold on the diamond market for decades, DeBeers has slowly been losing market share to smaller diamond mining companies. Canada is supposed to be the next major mining area of Diamonds for the next 30 years. I would think someone big will want a peice of it if there are as many Diamonds as the lead geologist says there are.
so yes, this is as speculative as it gets. It trades at several hundreths of a penny. What ever you buy could be worthless. Based on recent events I think otherwise.
it closed at .0004 today, and most of the MM's are parked at .0005 for Monday. You could still get 1,000,000 shares at .0005 for $500. :O)
will it go to zero? maybe. If it goes higher, how high will it go? Anyone's guess.
as for me: 10,000,000 shares and holding from .0002 :O) _____________________________________ May God Bless All.
quote:Originally posted by bobsgolf: Your the same jerk that was bashing QBID. Go out and find something to do. You'll be better off. If nothing else play in the traffic.
When did I ever bashed QBID..never...get your facts straight before you accuse. I am also not bashing CMKX...like I said I was stirring things up. I own only 500k shares. I am in it also but I don't truely believe this will go too far or I would buy more. I believe if this makes it to .001 it will be a miracle. I guess stranger things have happened.
quote:Originally posted by vado: It finally went through......that's good at least I got my 50 bucks back - the commission. At least I know for sure you can sell at a loss.
On page 16 you said you got out back when we were .0001...what you got back in V?
Posts: 2634 | From: The highway | Registered: Feb 2004
| IP: Logged |
quote:Originally posted by highwaychild: On page 16 you said you got out back when we were .0001...what you got back in V?
Yeah I did..get my $50 back...but I had a 1mil shares. I sold half of my position. I'm holding the other half because you never know..even a scam can make you some money.
posted
Do you think for one minute that CMKX have the kind of capital it takes to compete with the diamond cartel of the world. If they find any diamonds De Beers will still be controlling the market and they own. They are monopolizing the entire diamond market...some what like Microsoft did with the smaller startup companies..squashing them before they even got a chance to release their new softwares.
The only reason why we pay so much more for diamonds today than for other precious gems is because the diamond market is controlled almost entirely by a single diamond cartel, called De Beers Consolidated Mines, Ltd., which is based in South Africa.
De Beers stockpiles diamonds mined from countries around the world and releases a limited number of diamonds for sale each year. De Beers produces half of the world's diamond's supply and controls about two-thirds of the entire world market, according to a Washington Post report. At times, just to keep prices up, De Beers has bought tremendous numbers of diamonds from countries attempting to inject large quantities into the market. If De Beers were a U.S.-based company, it would be in violation of antitrust laws for fixing the prices of diamonds
quote:Originally posted by TruthTeller: I don't have CMKX, I am buying on Monday. Vado, If you think its bad, post resons. Do not just BASH. Also, don't be mad because you did not buy it at 0001, you can buy at 0005.
P.S: Dude, first know what is reverse split then talk about CMKX. You started a new thread about HVNR saying how it went from 0001 to .95 (it was r/s)
[This message has been edited by TruthTeller (edited June 06, 2004).]
Yeah I jumped the gun on that one.....I did absolutely no DD on it...just posted it when I found it. That was my mistake and I assure you I have learned a valuable lesson....
quote:Originally posted by tic_toc: surely De Beers cannot control what they cannot mine?
EVERYONE CONSIDER BUYING QBID IS AGAINST THEIR BELIEFS..BUT IF YOU THINK BUYING QBID IS SOOOOOOOOOOOOBAD THEN READ THIS AND GET THE BOOK...
"Read and get ready to defy conventional wisdom that no one really cares enough to challenge business as usual in the diamond world. For after reading Glitter and Greed, you will be compelled to act. Africans should mine, cut, polish, market, distribute, manufacture, and export the jewelry that originates upon its shores in much the same way that France controls its wine production and the United States controls its defense technology."
--Former Congresswoman Cynthia McKinney
Glitter & Greed: The Secret World of the Diamond Cartel, the new book from The Disinformation Company, is to be released September 29, 2003.
Glitter & Greed: The Secret World of the Diamond Cartel by Janine Roberts Published by The Disinformation Company Ltd trade cloth (6" x 9") • 384 pp • US$22.95 • ISBN: 0-9713942-9-6 • Release date: September 29, 2003 Distributed to the Trade in the US & Canada by Consortium Book Sales & Distribution
Rare, romantic, and forever: The diamond industry depends on these myths to reap billions of dollars of profit. This sensational investigation explodes such fallacies and -reveals how multimillion dollar advertising campaigns create the impression of rarity and romance. It reveals, too, a very secret and unromantic world, one that is dominated and controlled by a handful of mighty corporations.
Taking us through seven decades of intrigue and manipulation that span the globe, Janine Roberts has written the most expansive and explosive expose ever on diamonds; among Roberts' revelations:
• How De Beers hides away rich diamond deposits and where some of these are located.
• How a long-term companion of Jackie Onassis was a CIA-linked millionaire diamond merchant tied to coups and dictators in Central Africa.
• Just how diamonds are "fixed" to make them more expensive.
• How major diamond companies cooperated with Hitler's Germany and how much they were paid.
• How industrial diamond supplies were artificially -restricted to the United States during World War II, severely damaging its war effort and how U.S. Intelligence came to suspect treason.
• How a major diamond deposit in Arkansas was sabotaged to stop it coming into production.
• How the White House was manipulated into buying millions of diamonds it did not need and now must sell.
• How terrorism found its way into the diamond trade, not recently but many decades ago.
• How diamonds are secretly moved by the millions around the world.
The inquiry the diamond cartel did not want and tried to stop . . . If you have ever wondered what tales might lie behind the glitter of a diamond ring, read this account of the most international media investigation ever launched!
"Janine Roberts is that rare individual who unflinchingly speaks truth to power. She battles her way past all the obstacles and provides us a glimpse of those who are in the innermost circles of global power. But instead of being seduced by their power and wealth, she exposes what they do and how they do it and how it comes to hurt us all.
"I count myself among the privileged in this world to know Janine and her work. In Glitter and Greed she graphically reveals the brutality of those who orchestrate the diamond wars that continue to wreck Africa today. She gave testimony for me at a hearing in Congress that was shocking in its revelations, but thorough in its documentation.
"She has hunted down the shady dealers of the diamond cartel and of DeBeers, itself. She reveals here for the first time the disturbing secrets of the individuals, governments, and corporations that have ruled the diamond world for the past one hundred years.
--Former Congresswoman Cynthia McKinney
Janine Roberts has been investigating the diamond business for more than 23 years, during which time she has led numerous newspaper investigations and produced several documentary films, including BBC/WGBH co-production The Diamond Empire, which led to her invitation to testify before the United States Congress. She was also a principal speaker at the first post-apartheid conference of Southern African diamond mineworkers. Before starting her research on diamonds, she was engaged in civil rights work for Australian Aborigines and authored several books on their fight for justice. A human rights activist, she has also published on biological and chemical weapons in the Financial Times and written for other major newspapers.
quote:Originally posted by Booty Quest: Stock P r o w l e r dot com picked Bibo as their monthly pick, but issued the watch on CMKX. This site is highly successful and many follow them religiously. Check their record on their site. And watch Bibo on Monday.
GOOD DD BOOTY!!!! I HAVE SCOTTRADE NOW,THEY WILL NOT ALLOW US TO TRADE CMKX... I WILL GET A FEW SHARES WHEN I GET MY ACCOUNT WITH MYTRADE SETUP...
Essentially, in the modern international market, De Beers performs three key functions. It: Buys rough diamonds from producers and sells them to diamond cutters and dealers from international cutting centers. Continually monitors supply and demand in an effort to maintain stable prices. Advertises and promotes diamonds and diamond jewelry.
posted
Because De Beers controls so much of the rough diamond supply to the market and is the only supplier that can offer a wide range of diamonds in a consistent assortment, there is no good alternative to De Beers on the market.
Posts: 516 | From: Worcester,MA,USA | Registered: Dec 2003
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