quote:Originally posted by WWJD-thru-me: I have to ask these questions.
Who thinks the MM's are naked short shares?
How many shares short?
Since the audit is going on and we should be changing transfeer agents by the end of June-why on Earth would you sell here and not be buying?
This isn't meant as a put down of anyone selling. Just questions to get everyone thinking about this key element of what is going to occur soon. Certainly selling some to have peice of mind and free shares is awesome -if I knew the price was going to retreat I would have tried to swing trade. But I think it could have just as easily doubled today or more. This is way interesting to me. The MM's need to cover Billions of shares and they are still playing the same gaime. IMO-DD-Debi
I agree WW those who sell now will be left swimming in the ocean with one paddle. I'm on the boat and headed for the island. Most of them will be buying back when it rides past the .01 mark anyway. Its coo!
posted
I am not far from 1 of two GZFX home offices.I watch the sun set over in that direction often thinkin' what might have been.I'm startin' to see.No matter how shorted you are, if you have a good product you got a good chance, in my opinion.
Posts: 2634 | From: The highway | Registered: Feb 2004
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quote:Originally posted by Booty Quest: Yeah, but you're an idiot...
Hahahahahaha Oh, I'm too much. I kill me
No, you got it wrong, I'm the idiot! he's the one that likes boys. Not that I've sent any or deserve any but i don't got mail from Booty or Male from Phariumtodd SuperStar
Posts: 295 | From: Midwest | Registered: Apr 2004
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posted
where is this promised 0.001 close??? huh? what timeline are we looking for here? when should we expect a rise in the pps?
Posts: 483 | From: Fort Worth, TX, USA | Registered: Feb 2004
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posted
institutional trading in CMKX is very high. interesting never seen a penny stock with so much institutional action.
CMKX has as much institutional trading as SUNW AND CSCO FOR THE MONTH... HMMMMM
28% of CMKX trades where institutional for the month i have been looking at other stocks like.
gzfx only has 2% institutional trading for the month
qbid at 3 to 5% institutional trading
blyc none
ibzt 1% institutional trading
tfct none
but look at nasdaq stocks:
SUNW 31% institutional trading for the month CSCO 27% institutional trading for the month TASR 12% institutional trading for the month (CMKX 28% institutional trading) IT'S A PINK SHEET
get the picture
a poster hit the nail on the head: any diamond stock you look up are alot higher than where we are AND MOST ARE IN THE DOLLARS....
institutional trading SCREAMS DON'T SELL YOUR FREAKIN SHARES!
I=WATCH SAY'S CMKX FOUND SOMETHING AND THE LACK OF A STRONG PULLBACK CONFIRMS IT!!!
quote:Originally posted by Bob_dog: No, you got it wrong, I'm the idiot! he's the one that likes boys. Not that I've sent any or deserve any but i don't got mail from Booty or Male from Phariumtodd SuperStar
LMAO, Bob... it sounds like you like boys too! I can send you some of my left over male..
Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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posted
Doji-Great Post-I can't wait to see how this all turns out. Good point on the lack of a serious pullback. This isn't behaving like a typical penny or like the CMKX of 2 months ago. GLTA-DD-IMO-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
hey guys..... read this post THE BIG ONE IS COMING!!!!!!!!!!!!!!!
Gender: Posts: 904 Re: “Buy all you can period before June 16th.” « Reply #5 on: Today at 11:11pm »
-------------------------------------------------------------------------------- This information was in the thread "Gag Order Imposed"
ps. Speaking of leaks, I heard through a friend of a friend etc etc etc ( we all know the routine ) that the following question was asked to UC. ( going to paraphrase )
Paraphrase: When asked about the buyout rumor of $1.00 to go private, his response was along the lines of: Probably not going to have to worry to much about that as I suspect most everyone will be out by .61cents, then he ( UC ) preceded to finish the conversation with this little gem, “Buy all you can period before June 16th
As well, it was said that UC told someone to not visit the drilling site on June 21 like they had planned - it would no longer be necessary by then.
So, these two pieces of info lead me to believe that, somewhere between the 16th and 21st, we will have the BIG one.
You don't need a law firm like Edwards & Angell to straighten out your share structure, all you need is a fairly competent securities attorney. Penny companies hire attorneys every day to help them with audits and reporting, but very rarely (if ever) do you see them hire law firms of this caliber. I would challenge anyone to find another Pink Sheet company that has hired a law firm like this. You may find one or two if you're lucky, but I doubt it, that should be speaking volumes to us right there.
Provided there is a short position out there, and no matter what size it is, if you are going to attempt to get it straightened out, you had better be prepared to put a floor with value underneath the company or you will get shorted all over again. The same would apply if a company does a R/S, if there is little to no real value under the stock, the stock will get creamed with short selling, there's no risk to the short sellers, it's simple economics.
I am fairly certain there is some degree of short shares out there in CMKX, but I highly doubt it is anywhere near what some folks have suggested. You should not be focusing so much on the short share angle, because in all likelihood we will never know what it really is. I can promise you one thing for sure, if there is going to be substantial value placed under this company, anyone and everyone who shorted this stock was aware of the value long before we were, and has most likely already covered their positions down around .0001 and .0002. As I've said before, these guys are dirtbags but they're not dumb.
About the trading over the last few days:
It has been an exciting and rocky battle for sure, and while it is depressing that we don't move up 100% per day, it is perfectly normal to have these up and down gyrations. It's a tug of war between buyers and sellers. Some people are buying long, and some people are looking to just flip the stock for a quick profit, day traders or swing traders.
This is healthy for a stock, it provides the necessary action to keep a stock moving. There's nothing more painful than looking at a stock that just sits there for weeks on end with no volume, it's impossible to get in or out without the MM's making you pay a heavy price for doing so. Although it may not be a very nice thing to say, days like today are actually good for a stock, why? because when a stock takes a scary dip, the inexperienced or weak investors will all panic and bail out the first chance they get.
If this stock is going to be moving higher in the near future, the last thing you want is a lot of weak investors holding the stock. Every time the stock moves up a tick or two, you will have weak investors dumping their shares into the market, and it will be extremely difficult for the stock to gather any serious momentum.
For the swing traders out there, you may have been able to unload your stock at .0008 this week and tried to get back in lower, but you would have been lucky to get back in at .0006, more likely .0007, that is a very thin margin and a dangerous play if this thing were to take off while you were out. This actually looks like a good sign to me because I get the impression the MM's are trying to scare people out, but at the same time, they don't want to allow the swing traders to play this thing.
About the company:
We have all had a chance to do some DD over the last week or so, and from my standpoint, the DD could not be any better. We have news stating the company is preparing to become fully reporting, and will be bringing the share structure out into the open. We also had news that we have hired one of the most reputable law firms in the world to represent us, BTW a Friday midnight PR of that magnitude was a brilliant move!.
In my opinion there is only one reason to make a move like this, there is something of serious value that has been discovered, and immediate legal protection was required, it would be major overkill to hire Edwards and Angell to help us become a fully reporting company. A law firm of this caliber probably bills out at $400/hr, so I would bet it won't be very long before the company becomes fully reporting and the share structure is out in the open.
If they take too long with getting all their ducks in a row, they will go broke on lawyer fees alone. As I mentioned before, it is my speculation that there is a lot more to this story than hiring this law firm just to help us become a reporting company however, we will not know for sure until more news is released to the public. I'm personally betting there is much much more to this story.
Other bits and pieces:
I've noticed a significant decline in the number and size of posts from some of our most outspoken cheerleaders. I have my own theory on this but I probably shouldn't go there because it is only theory at this time, let's just say we could be closer to something big than we may realize. All in all I think we've held our price position relatively well, it's a little scary and unnerving but as I said before, it's a good thing.
Had we not gotten the PR's that we did last week, I would be much more concerned about things. Just by reading the PR's, you can feel there is a sense of urgency to get things moving forward, so it probably won't be very long before we hear more from the company. At that time, we can further evaluate our situation and we we all stand as shareholders, until then, let's keep a cool head and hope for the best for everyone.
We have several PennyPick sites profiling CMKX, more sites will be added to this list as I become aware of them. So check back and see the latest post for any additions.
These sites will be bringing in many more interested parties looking to BUY the hottest pick in the pennyland.
I've moved *********** to the top of my list why, because I happen to believe in what he and others are saying. CMXK has been naked shorted almost into oblivion and now it's payback time. I think a plan has been forged and the shorts are going to have to cover or lose their ( ! ) What convinced me? All these bashers showing up to bash a .0008 stock. The potential here is HUGE.
CMKX Major Major Alert !!!! LISTEN UP CLUB Members!!!! THIS IS AN ALERT MAJOR MAJOR MAJOR ....this is the first time I have ever given this strong of an alert to our club members...MAJOR MAJOR ALERT!!! http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CMKX&read=254761 By: *********** Club 6-3-04
CMKX: Reported on by Willy Wizard Monday , June 07, 2004 11:22 ET A recent Willy Wizard alert noted that CMKM Diamonds, Inc (OTC: CMKX) could very possible turn in to the stock play of a lifetime. CMKX recently announced it retained a large New York law firm to represent the interests of the company. CMKX has a current price of $0.00070 per share. According to the Willy Wizard disclaimer, This is not a paid profile and a paid profile has not been solicited by the owner. The owner owns apx. 763,000,000 common shares he purchased out of the market. http://www.knobias.com/individual/public/news.htm?eid=3.1.7ededcb6ca06b5809ca22337bc51a13cb1960e49f7af81c6a390487b382fc8fa
CMKX: Reported on by Willy Wizard Tuesday , June 08, 2004 10:52 ET A recent Willy Wizard alert noted the following about CMKM Diamonds, Inc (OTC: CMKX). "I (Willy Wizard - Owner) think CMKX will continue with leader press releases then launch a bomb press release that will catapult CMKX stock to highs nobody expects." CMKX has a current price of $0.00070 per share. According to the Willy Wizard disclaimer, This is not a paid profile and a paid profile has not been solicited by the owner. The owner owns apx. 769,000,000 common shares he purchased out of the market. http://www.knobias.com/individual/public/news.htm?eid=3.1.faa49c47294814fc002fcc4d04d596f60dcafa39a17f742d2c63b04fc9159a26
S T O C K P R O W L E R Watch advisory 6-5-04 We are issuing a S t o c k p r o w l e r Watch advisory for CMKM Diamonds, Inc. http://www.casavantmining.com trading on the pink sheets under the ticker CMKX. The stock closed Friday @ 0.0004 on volume of 3.6 billion shares. We believe that should the company be successful with its Carolyn Pipe drilling operations in the Fort a la Corne, Saskatchewan area shares of CMKX could rocket much like what happened recently with another highly speculative pink sheet stock, QBID. A $100 investment in QBID before it took off brought some investors a return as high as $28,000!!!
RB will not let me post link, click the following link to go to S T O C K P R O W L E R http://tinyurl.com/2fh63
CMKX: Reported on by *********** Monday , June 07, 2004 10:46 ET A recent *********** alert noted that they are watching CMKM Diamonds, Inc (OTC: CMKX) for possible move higher. CMKX is engaged in the business of diamond mining in Canada. CMKX has a current price of $0.00070 per share. According to the Stock Regent disclaimer, *********** may receive compensation for the efforts in research, presentation, and dissemination of information on companies featured on its web site and within its newsletter reports. http://www.knobias.com/individual/public/news.htm?eid=3.1.d233e675e391155422620ab360dcc921e8067ab21d36a473bfcf2aecc1323ec7
TinyStock.com 06-03-04 Benedict Arnold – Eat your Heart Out Is Canada poised to become filthy rich in diamonds? By Steve Keohane http://tinystock.com/
CMKM Diamonds, Inc. Announces It Has Retained D. Roger Glenn, Partner at Edwards & Angell, LLP as Securities Counsel Friday June 4, 11:31 pm ET
LAS VEGAS--(BUSINESS WIRE)--June 4, 2004--CMKM Diamonds, Inc., (Pink Sheets:CMKX - News) president and chairman of the Board of Directors, Urban Casavant, announces that the Law Firm of Edwards & Angell has been retained to represent the Company in its desire to become fully reporting once again. Lead counsel for CMKM Diamonds, Inc., D. Roger Glenn, is a partner at the firm and has over 20 years of extensive experience in working with public companies. Mr. Glenn's professional bio can be reviewed at the law firm's website. http://www.ealaw.com/index.php
(Inserted replacement link to shorten URL, click on the following link to go to Mr. Glenn's professional bio) http://tinyurl.com/33n2c
Urban Casavant stated in Las Vegas today that, "hiring Edwards & Angell, LLP, and specifically Mr. Glenn, is the best thing that we could have done for the company and the shareholders. The fact that Mr. Glenn began his illustrious career with the Securities and Exchange Commission is a further feather in the company's hat. We would like to thank all of our shareholders for their patience as we have moved towards this moment and as we move forward from here as a team." http://biz.yahoo.com/bw/040604/45561_1.html ----------------------------------------------------------
Edwards & Angell, LLP Recognized As A Top Law Firm By Leading Legal Publisher Chambers & Partners Chambers & Partners, June 1, 2004 http://tinyurl.com/2nn9z
If you know of any other sites please let me know so they to can be added to my DD's. Also lets all remember to mention these sites profiling CMKX on IBC Radio http://www.ibcradio.com/index.htm
posted
i sold mine last thursday and i'm glad i did. Made a few thousand and now i'm off to my next stock. You guys can't really think this compnay is going to find diamonds in a spot where debeers already dug. I'm not trying to bash by any means, but look at its record. It moves on silly news that any person can hire. I'm getting back in when its down to .0003
Posts: 7 | From: san francisco, ca | Registered: Jun 2004
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posted
We appreciate your opinion so if you would please move on to that other stock you mentioned!!! Posts: 128 | From: Opp, AL USA | Registered: Feb 2004
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posted
Van-I did read that post and was aware of the law and the problems it creates. That is just a portion of the law. I am sure the MM's are allowed to naked short sell to create an orderly market and help liquidity. I would be flabbergasted if there is no clause that requires them to settle the transaction at some point. I believe there is but I am not a lawyer or even close to it. I do think they take advantage of whatever the law requires and merely create new transactions to balance the books-still naked short but by constantly rolling shares meeting the legal requirement of settlement dates. Anyone who knows for certain how legally created naked shorts need to be settled please post. Thanks. -We need specific answers and not speculation on this one. GLTA-Debi --------------------------------------------- Good Posts everyone-I like the June 16 -21 time frame mentioned here. I do think that is what I am expecting to have most of my questions answered by that date and am excited for it to arrive. Buying more today.- Hope it is still on sale. -Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
Nice informative post. You registered yesterday to post this message? Man.. if you sold last Thursday, you lost big. You caould've sold it for 0008 this week instead of 0003. Oh yeah one more thing, if you think the news is silly news CMKX would be better of without you IMO. Good luck..
quote:Originally posted by dementk: i sold mine last thursday and i'm glad i did. Made a few thousand and now i'm off to my next stock. You guys can't really think this compnay is going to find diamonds in a spot where debeers already dug. I'm not trying to bash by any means, but look at its record. It moves on silly news that any person can hire. I'm getting back in when its down to .0003
Posts: 722 | From: Atlanta | Registered: Feb 2004
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posted
DEBI A friend runs a small exchange where companys & investors negoitiate with each other directly(what a concept) no MM. He verifies that statement referred to. I think we are speaking of the "abuse" aspect(immoral) not the liquidity issue(legal). Have you been reading all the rumors today?? WOW VAN
[This message has been edited by VNGNTN1 (edited June 10, 2004).]
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
wow, post a difference of opinion and get slammed. Alright, let me lie and say wow what a great stock with a sound board of directors. Another lie, have you seen the pictures on the website best proof this company is actually mining diamonds. Aight, now do i fit in. Can i stay. You shouldn't push out people with a difference of opinions. This board doesn't say positive comments only, so calm down.
Posts: 7 | From: san francisco, ca | Registered: Jun 2004
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quote:Originally posted by dementk: i sold mine last thursday and i'm glad i did. Made a few thousand and now i'm off to my next stock. You guys can't really think this compnay is going to find diamonds in a spot where debeers already dug. I'm not trying to bash by any means, but look at its record. It moves on silly news that any person can hire. I'm getting back in when its down to .0003
I am not bashing your comments at all but you sound like someone who is just pissed they got out too soon. first you say you've moved on to another stock because this stock is going bust but then at the very end you say your going to get back in when it hits .0003. Why would you get back in if it is going bust and they have nothing???
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
My first guess is you're somebody who came back with a different user name. My question is why did you sell if you wanna come back in at 0003?
quote:Originally posted by dementk: wow, post a difference of opinion and get slammed. Alright, let me lie and say wow what a great stock with a sound board of directors. Another lie, have you seen the pictures on the website best proof this company is actually mining diamonds. Aight, now do i fit in. Can i stay. You shouldn't push out people with a difference of opinions. This board doesn't say positive comments only, so calm down.
Posts: 722 | From: Atlanta | Registered: Feb 2004
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quote:Originally posted by dementk: i sold mine last thursday and i'm glad i did. Made a few thousand and now i'm off to my next stock. You guys can't really think this compnay is going to find diamonds in a spot where debeers already dug. I'm not trying to bash by any means, but look at its record. It moves on silly news that any person can hire. I'm getting back in when its down to .0003
Have I missed something somewhere? Where does it say that DeBeers already dug here?
posted
Its called profit taking. I sold as well and will get back in if it goes lower. There is NEVER anything wrong with taking a profit in this game. Everyone knows stocks go up and down. Those that sold at 8 are betting on the price going back down (which by the way it is currently doing). You shouldnt bash on someone for selling for a profit.
Posts: 85 | From: Pendleton, OR USA | Registered: Apr 2004
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posted
GATOR Yes somewhere that was mentioned, also that UC out-manuvered Debeers on claim renewal. IMO this is why large institutional buying. VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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quote:Originally posted by BobTheSlob: Its called profit taking. I sold as well and will get back in if it goes lower. There is NEVER anything wrong with taking a profit in this game. Everyone knows stocks go up and down. Those that sold at 8 are betting on the price going back down (which by the way it is currently doing). You shouldnt bash on someone for selling for a profit.
Bob, you are right, there is not problem with taking a profit but what I think is funny is that he said he got out last week which means it was either at .0003 or .0004 at the most. He then says the stock is basically worthless but then wants to get back in at the same price he basically sold at. Tell me where the profit taking is in that? I could see saying your going to sell at .0007 or .0008 and then get back in later.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
Bob, I guess you didn't read dementk's first post. He/she sold last THU (Must've sold for 0003 or less). If you wanna come back at the same proce (0003), it means you like the stock and regret your selling.
Every body can take profits, I took some. I got carried away wioth his post, just wanted to point out the facts as we are seeing "I SOLD" messages in all the threads these days. When you see this from a "New member" you have to suspect.
GLTA
quote:Originally posted by BobTheSlob: Its called profit taking. I sold as well and will get back in if it goes lower. There is NEVER anything wrong with taking a profit in this game. Everyone knows stocks go up and down. Those that sold at 8 are betting on the price going back down (which by the way it is currently doing). You shouldnt bash on someone for selling for a profit.
Posts: 722 | From: Atlanta | Registered: Feb 2004
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quote:Originally posted by cool1sh: My first guess is you're somebody who came back with a different user name. My question is why did you sell if you wanna come back in at 0003?
LOL... i'd have to say it's Baa'aart after a Berlitz English course!
Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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