quote:Originally posted by glassman: oh yeah, we are trying to bash the price down some more so we can get it really cheap...LOL
I was not talking to you, but I don't own this stock and never will. I'm just curious why the posting keeps on going for months on how bad this stock is and there is bilions in volume everyday? Just a question, and you don't know me well enough,and I just started trading shorlty ago. These are only questions so COOL OFF!!!
posted
The thread we were talking on was deleted by BOB whilst I was typing so as the discussion we were having pertains to this "company" I will post my reply here. As well as a reply to Bob who is monitoring way past his bedtime, in a subsequent post soon to come.
Glass the people losing money on this worthless "company" are nothing more than the bottom of the food chain at this point. The "economy" is just fine. We had an employment boom lately. We had a market reasurance last week. We have survived Grenspan's unending procrastination about talking about thinking about deciding upon speculation about deciding whether or not to talk about thinking about discussing whether intrest rates should or should not be raised. Did he do his job? yeah he kept inflation at bay by stagnating the market at it's breakout point. Look Glass, you have to look at it like this: If they are in the market, they are the prey. You have to determine who you are. Predeator or prey.
quote:Originally posted by Upside: Originally posted by needtoretire: I wouldn't presume to speak for DQR but I do it for one reason. This is an open forum to exchange viewpoints, both positive and negative, about the merits or lack thereof of investing in a particular stock. Without people bringing up the potential downside to a security, we would have nothing but a cheerleading session going on. Just trying to do my part to paint a fair and balanced picture.
Hey I agree there needs to be an open forum for the pros and cons. I beleive that if you could have posted two three or four times, but you guys have been posting against this stock for along time. Just asking why you spend so much time at it? Only a question!
posted
you asked us a question we are answering, if you spend some time here, you will see that some of us have interest in actually helping new people become better investor's and or traders(like others did for us). we do it for reasons that most of the pumpers of CMKX don't understand and that's fine by me, but if i am driving down the road and i see an accident and there is no (or not enough ) cops/help, i stop and offer assistance--just my nature ......
posted
those billions of trades appear to be sales.......but not by investors.... ask around, see if anybody can sell theirs once they buy them.......
IP: Logged |
quote:Originally posted by glassman: you asked us a question we are answering, if you spend some time here, you will see that some of us have interest in actually helping new people become better investor's and or traders(like others did for us). we do it for reasons that most of the pumpers of CMKX don't understand and that's fine by me, but if i am driving down the road and i see an accident and there is no (or not enough ) cops/help, i stop and offer assistance--just my nature ......
That's cool , and if that's the reason I'm cool with that. Like I said i'm new at this myself and i'm still trying to see through the smoke. I don't know the ropes yet, and if you guys are trying to help people hang onto their hard earned money that great. I didn't mean to accuse !!
IP: Logged |
quote:Hey I agree there needs to be an open forum for the pros and cons. I beleive that if you could have posted two three or four times, but you guys have been posting against this stock for along time. Just asking why you spend so much time at it? Only a question!
Because there is a far greater number who recommend this stock over and over again. We are trying to present the oppoing viewpoint so all can make an informed decision. Read the whole thread and see who's posts have the most research involved. The people in favor of it are mostly drooling over some p/r that's going to come out soon and send this mess of a stock skyward. We who are negative are supplying facts about this company's history and its owner. As a new investor, I would assume you came here looking for facts. If we only made one or two posts, you might be swayed to buy this heaping pile as all the other posts might make it look very tempting. By responding to the cheerleading, hopefully you and others can make a well informed decision.
[This message has been edited by Upside (edited May 05, 2004).]
posted
total shell that won't move unless some "good" fake PR comes out and even then it will prolly rocket up to .00011 at best.
i'll post it again...
By Carol S. Remond A Dow Jones Newswires Column
(This article was originally published Tuesday, 3/16/2004)
NEW YORK (Dow Jones)--We may not know a lot about CMKM Diamonds Inc. (CMKX) but here's one thing you can be certain about: The Company apparently has a mine full of shares outstanding.
Trading data shows that, over the last 21 days, CMKM's daily volume was nothing short of monstrous with billions of shares trading hands every day but three.
And on one day, Feb. 17, an incredible number of shares traded - 3.82 billion. True, the stock traded from a high of $0.0003 and a low of $0.0001.
How big is 3.82 billion? That's more shares traded in this one stock than ALL of the shares traded that day on the New York Stock Exchange, NASDAQ and the American Stock Exchange - combined. Those exchanges that day saw a healthy volume of 3.65 billion shares traded. And that's composite trading, which includes share changing hands on regional exchanges like Philadelphia, Chicago, Boston, etc.
There's also been so much trading in this tiny stock that it accounted for 44%, or 3.36 billion shares, of Knight Trading Group Inc.'s (NITE) average daily share volume in February.
All of which begs the question - who are these CMKM guys?
CMKM shares trade on the Pink Sheets, which means that the company doesn't file any financial information with regulators. So, investors looking for even the most basic information about the company, like the number of shares issued and outstanding, are out of luck.
CMKM has refused to tell Pink Sheets how many of its shares are currently outstanding. 1st Global Stock Transfer, the companys' s transfer agent, also refuses to discuss that information.
Melvin O'Neil, a spokesman for the company's president and large shareholder Urban Casavant, declined to provide any information about the company. "As soon as Mr. Casavant finishes retiring shares, he will put out a press release," O'Neil told Dow Jones Newswires.
O'Neil said he couldn't explain the string of huge daily volume experienced by CMKM. Pressed to provide information about the number of CMKM shares outstanding, O'Neil said "legally we don't have to provide that information."
And guess what? In the unregulated world of Pink Sheets, O'Neil is right.
CMKM, once Casavant Mining Kimberlite International Inc., stopped filing with the Securities and Exchange Commission last July.
A look at Casavant Mining's filings shows that there were 7.24 billion shares outstanding as of Jan. 15, 2003. A Feb. 3, 2003 filing with the SEC shows that Urban Casavant and his family controlled about 770 million shares, or about 10%. Unnamed majority shareholders meanwhile controlled about 7 billion shares, or about 85.6%. The filing doesn't explain why the number of shares owned by Casavant and the majority shareholders add up to more shares than the company says is outstanding.
Timing is a little vague. But it looks like around the same time, Cassavant Mining issued about 560 million in a private placement to raise about $2 million. Then, according to the filing, there were 500 million shares issued to purchase an ancient Chinese jade collection appraised at $50 million. Another filing shows that in May 2003, another 1.06 billion shares were issued to pay two consultants.
Adding all of these shares up, it looks like Casavant Mining had about 9.86 billion shares outstanding when it stopped filing financial information with the SEC.
Add into the mix a two-for-one forward split announced in August 2003 and you got about 19.78 billion shares outstanding at the end of September.
Then comes a number of press releases announcing the retirement of billions of shares. First six billion shares in September and then another 16.52 billion in December. It's unclear whether the six billion retired in September were part of the 16.52 billion retired in December. If so, more shares would have had to have been issued to allow 22.52 billion shares to be retired.
Since the beginning of the year, CMKM has put out six press releases about its supposedly burgoning mining business in the Saskatchewa province of Canada. None of these releases included any information about the company's stock other than the new ticker symbol under which it now trades.
Most recently, on Monday, CMKM announced that it began drilling on privately owned land in which it owns the mineral rights.
Company president Casavant clearly brimmed with exitement when he told shareholders in that realease that "We are pleased to have started our drill program two days ahead of schedule. We have secured funding for an aggressive six-month drill program and we are drilling on claims which CMKM Diamonds Inc. owns the mineral rights. Equipment has been mobilized and we are drilling at this moment. We are drilling on targets that have the highest probability of a kimberlite find. We would like to thank our thousands of shareholders for their patience."
Good luck to shareholders drilling for information that most would consider routine. Hopefully, holders don't keep striking a dry well.
[This message has been edited by billy3ci (edited May 05, 2004).]
posted
And that's exactly what I'm talking about. Research by one of the negatives (Billy3ci) that presents some facts about this company. Not some drivel about a "soon to be announced" press release that will "shoot us to the moon".
IP: Logged |
posted
lol I am not getting into a rift with people on stocks. Melvin hinted that they are retiring a lot of shares under .0001 that is why the stock price hasn't moved in months. It has taken months to retire all the shares and since there was a lot it needed to be frozen by the M'Ms. Now this is not written in stone but it makes a lot of sense. Melvin also said they are trying to make the o/s something we can live with. So good PR, now 70% of Kimberlines hit diamonds in that area + the o/s count resonable. Stock price is going way up. I never said $1 just a resonable Qbid jump. That is good enough for me.
IP: Logged |
posted
One last thing, it is good you see the other side of the stock before investing. Like I said to my friends who I told about cmkx, Large Risk = High Return. Only trade with what you can afford to loose. I AM WILLING TO LOOSE $7,000 ON THIS HIGH RISK STOCK. If they don't find diamonds and announce a lower o/s my money is worthless. If they announce Diamonds and lower o/s, I WIN BIG. I also have thousands in Qbid, I consider it just as risky as if they don't put their show on the road, WE LOOSE IT ALL as they have a large o/s and if it drops it will drop very fast. I AM ALSO WILLING TO LOOSE ALL THIS MONEY. One must always know and accept the risks involved in Pennies and pinkies.
IP: Logged |
posted
United Carina, Cons Pine hit kimberlite in Saskatchewan
United Carina Resources Corp UCA Shares issued 17,063,102 Apr 30 close $0.23 Tue 4 May 2004 News Release Also (KPG) Mr. Rick Walker of United Carina and Consolidated Pine Channel Gold reports The first two holes drilled on United Carina Resources' and Consolidated Pine Channel Gold's Smeaton, Sask., area property have encountered significant intersections of kimberlite. Hole No. 1 entered kimberlite at a depth of 410 feet and continued in kimberlite to a depth of 903 feet for a total intersection of 483 feet. This intersection is one of the thickest to be encountered in the Fort a la Corne area to date. Hole No. 2 entered kimberlite at a depth of 394 feet and stayed in kimberlite to 640 feet for a total thickness of 246 feet. Preliminary logging of the two holes was conducted in a secure warehouse and then split. The samples from the two holes were then transported to the Saskatchewan Research Council's diamond laboratory in Saskatoon for analysis. After a short break to allow ground conditions to thaw and dry out, drilling is about to resume on this target, with two or three more holes to be drilled. The purpose of these holes is to further define the geometry of the kimberlite pipe and to provide further samples to assay for any diamond content. The Smeaton property is currently jointly owned by United Carina and Pine Channel, with CMKM Diamonds and U.S. Canadian Minerals each earning a 25-per-cent interest. The 25-per-cent interests will be earned by CMKM Diamond and U.S. Canadian Minerals each providing $50,000 (U.S.) and each financing $200,000 (Canadian) worth of exploration on the 27-claim property. Following the drilling of the current target, further work will be conducted on the other areas of the property. Urban Casavant, president of CMKM Diamonds, the operator, has informed the companies that the project is ahead of schedule and under budget. The qualified person on this project is Ralph Newson of Saskatoon. (c) Copyright 2004 Canjex Publishing Ltd. http://www.stockwatch.com
posted
I don't know why everyone has their panties in a knot over this one... let me sum it up, pure and simple.... you have a better chance of surviving getting struck by lightning, while flying a metal kite, while pissing on an electric fence, while castrating a pitbull, while sucking on cyanide, while blowdrying your hair in the shower!... having said that, I still threw some cash on this sucker just in case it's my turn to hit the lottery...
hope this helps clarify!
[This message has been edited by pharmdman (edited May 05, 2004).]
posted
I hear ya Pharmdman, I have holdings in "serious" companies with products (respectable bio-techs) and fledging ones (IBZT, QBID), and every now and then I see the value melt by thousands in a few days for no known reason. So, I figure, what the heck, I can throw a few hundreds into this CMKX/M/I and see what happens.
In for acouple of million shares. Most likely going to loose the money, but like I said, what the heck !
quote:Originally posted by pharmdman: I don't know why everyone has their panties in a knot over this one... let me sum it up, pure and simple.... you have a better chance of surviving getting struck by lightning, while flying a metal kite, while pissing on an electric fence, while castrating a pitbull, while sucking on cyanide, while blowdrying your hair in the shower!... having said that, I still threw some cash on this sucker just in case it's my turn to hit the lottery...
hope this helps clarify!
[This message has been edited by pharmdman (edited May 05, 2004).]
Consolidated Pine Channel Gold Corp. KPG First Two Holes Drilled on Smeaton Property 5/5/04
United Carina Resources Corp. and Consolidated Pine Channel Gold Corp. are pleased to announce that the first two holes drilled on their Smeaton, Saskatchewan area property have encountered significant intersections of Kimberlite.
Hole number one entered Kimberlite at a depth of 410 feet and continued in Kimberlite to a depth of 903 feet for a total intersection of 483 feet. This intersection is one of the thickest to be encountered in the Fort la Corne area to date. Hole number two entered Kimberlite at a depth of 394 feet and stayed in Kimberlite to 640 feet for a total thickness of 246 feet.
Preliminary logging of the two holes was conducted in a secure warehouse and then split. The samples from the two holes were then transported to the Saskatchewan Research Council's diamond laboratory in Saskatoon for analysis.
After a short break to allow ground conditions to thaw and dry out, drilling is about to resume on this target, with two or three more holes to be drilled. The purpose of these holes is to further define the geometry of the Kimberlite pipe and to provide further samples to assay for any diamond content.
The Smeaton property is currently jointly owned by United Carina and Pine Channel, with CMKM Diamonds Inc. (CMKX - Pink Sheets) and U.S. Canadian Minerals Inc. (UCAD - OTC Bulletin Board) each earning a 25% interest. The 25% interests will be earned by CMKM Diamond Inc. and U.S. Canadian Minerals Inc. each providing US$50,000 and each funding Cdn$200,000 worth of exploration on the 27 claim property. Following the drilling of the current target, further work will be conducted on the other areas of the property. Mr. Urban Casavant, President of CMKM Diamonds Inc., the Operator, has informed the Companies that the project is ahead of schedule and under budget.
The Qualified Person on this project is Mr. Ralph Newson of Saskatoon, Saskatchewan.
CONTACT: TEL: (306) 664-3828 Consolidated Pine Channel Gold Corp.
posted
you know, I tried to put few bux in this stock yesterday just for fun, and scottrade wouldnt let me. they have sell orders only on this stock, if this thing does end up moving, im going to be a bit bothered
IP: Logged |
quote:Originally posted by Tgrant: you know, I tried to put few bux in this stock yesterday just for fun, and scottrade wouldnt let me. they have sell orders only on this stock, if this thing does end up moving, im going to be a bit bothered
Open an account with another broker.. lowtrades has no minimum balance to open an account.. I know, I sent them $50 to open it
quote:Originally posted by Tgrant: you know, I tried to put few bux in this stock yesterday just for fun, and scottrade wouldnt let me. they have sell orders only on this stock, if this thing does end up moving, im going to be a bit bothered
There is a way to but pinks on Scottrade electronically, but I don't know how to do it... the instructions were on one of the older QBID threads... it has something to do with putting in an electronic buy at a ridiculously higher offer so that the system accepts it, but it will execute at the current ask....
posted
About a month ago this stock went up to .0003 then fell back to .0001 I tried to sell when it was at .0002 for the longest time and it wouldn't go through. You can only buy this stock. You can't sell it as there is way to many shares out there. You may be able to sell for .0002 if it goes up to .0003 or .0004 but not before that point and you won't get anymore than .0002. I have been watching this stock for about 3 months now.
IP: Logged |
posted
CMKX has been doing over 2 billion shares a day for months. Usually it gets to about 3 or 4 billion shares traded then goes back down to 1 or 2 billion. Not sure if it is some kind of share surrendering or buy back or retiting but it has been this way for months.
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
read thoroughly)
