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Originally posted by CashCowMoo:
Only in America......

can a pizza get to your house faster than an ambulance.

are there handicap parking places in front of a skating rink.

go CMKX...

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A very interesing post you had. I enjoyed reading it and can see how much of it could happen. I do wish to disagree with you on one point, though:

"This would mean that he was wiping out the authorized shares (AS) all along. This would mean the new AS would be equivalent to the outstanding shares (OS) which would probably be equivalent to the float."

My understanding is that only the O/S is wiped out, the A/S remains the same until the board or shareholders act to change it. This may indeed be what happens (we can only hope). I've never actually understood, however, what "retiring" shares actually means. I've assumed they revert wo an unissued status (as opposed to treasury stock). If anyone can point me to a solid definition from a reliable source (i.e., NOT a BB ) I'd be appreciative.

Again, thanks for the interesting post!

According to the company, this is what's still in progress:
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=228&submit=Go
By: stervc
24 Feb 2004, 08:17 AM EST
Msg. 228 of 2725
(This msg. is a reply to 226 by big_shadow.)
Jump to msg. #
Important, About Retiring Shares …

I recently made many phone calls and talked with many companies, market authorities, brokerages, and some of everybody to say the least. So I won’t be posting any names or numbers this time because it was too many to keep up with. I’ll just say that through general consensus, all that knew of the topic “retiring of shares” had come to the same conclusion.

Read these examples below to get an understanding of CMKM’s situation: http://www.insurancejournal.com/news/newswire/southeast/2004/02/03/36375.htm http://www.siamfuture.com/asiannews/asiannewstxt.asp?aid=1497

This is to show you that what is happening is that there is a person or affiliates with deep pockets that are buying or already had owned shares of CMKM. They have two choices to contribute their buying of shares for the reduction of the outstanding share structure.

1. The person or affiliates could buy shares and hold them within the company treasury at which some point in time in the future the company could later re-issue those shares to begin the dilution process over again or use those funds to further develop the company. I do think that CMKM has done this too, but not all of the shares. I think that about 40 to 50 billion shares will be returned back to the treasury. This allows them the ability to re-issue theses shares at a later time to use if the need arises to raise capital. All companies usually give them self this option.

Or

2. The person or affiliates could buy shares and retire them to include the shares already owned if need be. This would mean that the shares would be eliminated from existence. This is an agreed method where a certain amount of stock is bought at discounted prices, usually at the bid, to have eliminated from the O/S. While the above scenario eliminates the shares from the O/S to enhance CMKM’s fundamentals, this scenario has the same effect on enhancing CMKM’s fundamentals, but instills investor confidence by eliminating the fear of future dilution because the shares are completely erased from all existence.

What is happening is that those who are buying now to retire shares are buying into the future of the company and will do so because of something concrete that have not been released to the public. This is why we have been seeing billions and billions in volume as confirm by the company. These are the shares that will cease to exist.

This means that there is a certain amount of billions to be bought that have already been established from the beginning of the retiring of shares program. In return, I think that those who have been doing the buying back of the billions of shares will be awarded a certain amount Series B Preferred Stock that would equate to much more than their initial investment to retire shares which will probably be restricted and could not be converted into common stock prior to some set time in 2005 if I had to guess. Example: Buying and retiring 100 billion shares would convert to the issuance of 10 million Series B Preferred Stock that could not be converted into common stock anytime prior to 1 Sep 05.

Now let’s consider. If you were the one buying back shares and had those types of connections/funds, you darn right you and CMKM would be coordinating with the MMs to hold CMKM down until you bought back the amount that you were looking for at the price that you were looking for too. Remember, you will be calling the shots behind closed doors until key news of substance is revealed or about to be revealed. You want to position yourself to look as wise as possible when all of this materializes for the better.

Think about it for a minute. If it were you, would you want to buy back shares to be retired at .0001 to .0002 cent(s), or at .01 to .02 cents? If you were investing millions, that could be the difference of retiring a few “million” shares versus a few “billion” shares.

The CMKM affiliates know what the future holds for CMKM in providing support for them now. Enough have been reveal that allows me to understand what I think to be transpiring. When the retiring of shares is complete, you might not have but a short time to time your entry point if you are not already in. That’s a chance I have elected to not take which is why I had chosen to buy and wait it out. I think that we are on to something very big. Still, I like our odds. These are only my opinions. May we all become prosperous with CMKM!!!

here is something of UCAD's website
http://www.uscanadian.net/index.asp

Entry: 04/10/2004
All of us here at UCAD have been very busy within the last few weeks closing out the Company's old business and focusing on moving forward quickly with the new projects the Company has undertaken pursuant to the new business direction.

Well, we had a few delays, but the Company has just finally been able to file the Annual Report on Form 10K with the SEC. The change in business plan made the audit more complicated, but after some struggle we persevered. The numbers reflect last year's business, so the numbers reflecting our new business focus won't be out until our first quarter 10K is filed within the next few weeks.

Since the filing of the 10K, our management has been in meetings planning the future of the company. The internal workings of the company is being reorganized and streamlined at the same time that we expand our operations. This should make future reporting easier and more timely so we can keep our shareholders as up to date as possible.

We are planning a number of management visits to the sites of the projects that we have acquired within the last quarter. We expect that this more “hands-on” approach will help speed the startup of operations at some of these sites. Given the international approach of the Company recently, we are making sure all the passports are current as we will be piling up the frequent flyer miles.

The first weekend of April, we all enjoyed getting together at the Las Vegas “Strip” for the NHRA Drag Races. We got to watch Jeff Arend race for the first time in four years in the Top Fuel Nitro Funny Car, which had our company name and stock symbol on it.

We hope you are getting more sleep than we are and please check in for the next journal entry in mid-May.
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a next journal entry in mid may? could that be around the same time CMKX releases something before the races? UCAD will be at the race with casavant and im wondering what could happen.

courtesy of investorshub.com

PLEASE NOTE RESPONCE #2
It plagues many shareholders that Urban Casavant wants to sponsor car races and funny cars instead of getting the stock price up. Regardless of whatever plan he has with the retirement of shares, drilling, diamonds, this is very frustrating for shareholders.

I think Urban would not have sponsored these trying to promote a .0001 stock, he would just be laughed at.

Can you give us some insight?

Thanks
Logged

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Posts: 81
Re: Melvin, Important CMKX Question
« Reply #1 on: Today at 10:18:50 »

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Mr.Casavant is working on two fronts when it comes to this company. [1] he is promoting it though the car and other means. [2] he is working on bringing a share struture out that we all can be happy with.

I think we should all just relax.

I can't tell you how many shares I would have then as my calculator errors out, lol

quote:

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Originally posted by emunahstock:
I own 70Million Shares. I just set aside 15Grand to buy more when the PR news they have diamonds and the o/s (which could be smaller then we think).

I can't tell you how many shares I would have then as my calculator errors out, lol

I believe this stock will hit .01-.05 if the PR is perfect.

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quote:

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Originally posted by emunahstock:
I own 70Million Shares. I just set aside 15Grand to buy more when the PR news they have diamonds and the o/s (which could be smaller then we think).

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quote:

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Originally posted by Upside:
Emunahstock,
If they ever release their o/s number, what do you suppose it will be?

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quote:

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7788320200387747278289288837374746566453 5244436648595993820298374775664837272636 6455344266467487589699347237384895958585
89

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I actually did LOL when I saw that! Now that's funny!

But it's nothing more than a system glitch.

quote:

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Originally posted by highwaychild:
Upside and DQR, since you know everything, what was the cause of the .02+ peak in Dec. 2002?

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