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Author Topic: CMKX II new Thread. Get it while you CAN !
forfun
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Where did you hear tomorrow??
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pharmdman
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quote:
Originally posted by flashovertx:
Here's hoping that Sterling's PPS "vision" comes to us.....with my measley 1.7 M I will need multiple $ amounts to be able to be wealthy and retire. Anybody think 3-4 M is enough for retirement?

Easily, you just have to know how to make that money work for you. I'm in the same boat as you.. I only have 2.3+mil shares, so I'm hoping for diamonds the size of bowling balls.


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Nikodemis
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countdown till pr continues. i'm pleased with 0.001 close. that sets a nice point to leap off from. remember qbid? 0.0008 then 0.0012-18 and then 32 then 70's. sky is the limit. I'm holding on until we see a penny or 2. peace.
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Slimpickens
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HEY TEX I'M IN EDINBURG, DO I KNOW YOU?

quote:
Originally posted by atexan:
Flash,

I'm in Harlingen, TX along the Texas/Mexico border. With the money we make I can walk to the Mexican side drink $1 Coronas all day.

I also want to attend sporting events, travel and spend time with my kids before they go away to college and forget about their parents LOL



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osubucks30
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I got into this one today. I missed QBID even though I read all the posts from the start. Had to get this one NOW before it goes higher. Compare a chart from the start of the QBID run and this one!! Looks VERY similar!!! THIS MEANS GREEN FROM HERE!!!
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Bam Bam 17
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By Varok
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB00206&read=9126

CMKX:

What went on today with the volume and price was pure MM manipulation..A couple of things to take into account of which the main one was the 2 partners that were still halted, which prevented our run..The other area of today's action was the covering..Notice the series of EOD issues coming through at .0012,well these were delayed or held trades from earlier during the day and many times gives a false impression with respect to movement..The close of .001 made this very clear.

On the halted company's out of Canada was strictly because the PR that got release from CMKX on Thursday wasn't clear in the direction of the find and since they were halted today, is a very positive indication that we should experience considerable movement once the updated version is released..I expect it to be released tomorrow,because halting a company because a PR lacks certain information shouldn't take days..So expect of very positive update.

This issue is just starting out and today's gradual movement is much more appealing then an outright run..The company is taking out at every interval profit takers and establishing a solid support..This kind of movement allows for greater foundation building and not huge upside and downside swings,but nice forward momentum gains..I wouldn't count on flipping since probably from considering the spread,brings in too many buyers at every tick up and just from the movement north with respect to sellers, taking profit at every turn,will not allow for a fallback of a significant degree for one to even think about getting back in on a lower entry.

We needed to break .001 and if the .0012 were left at the time of the trades to follow through, we may have moved considerably higher.Just another example of MM playing their games at our expense.

If our Canadian partners are halted tomorrow,expect something very important to follow..The 16th is a key meeting day for CMKX with our halted partners and the 23rd is a filing date,so expect the next 2 weeks to be one exciting ride..

Have a good day
Varok
____________________________________________

By dr.diamond0
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=21118

PR's will come! Growth will continue!

Thanks again Sterling and all for your contributions to this endeavor and I believe success is just ahead!

I believe some are not exactly realistic about this last PR! I know hopes were high fo rtoday and we were hoping for an initial blast off! Personally, a 400% gain on my initial investment looks pretty good right now!

The slower the growth the more sure the foundation! If we would have shot up a huge gap everyone would have been predicting the fall of the price for the investors to catch up. I actually expected a .002 finish on the day without an additional PR! There is no doubt the MM's helped keep everything down and it is continuing into the after hours.

The PR's will come and the growth of this stock is going to continue! The slow growth is solid and strong! The fast makes us feel better temporarily, but then we are afraid the bottom will fall out of it! The gradual growth gives all of us a greater confidence that the growth will continue! It's easier to hold shares on a gradual growth when there are no large gaps occuring continuously throughout the day!

Looking back at the PR we know that mostly what it said is we have diamondiferous kimberlite and that basically means there are diamonds in it! This people, really was no revelation! Melvin had said it openly; others testified that they heard Urban saying it; and most of the new investors signed on to CMKX because they were 90% convinced that diamonds were already in the mix!

The PR did confirm, but it only confirmed what we already believed! The confirmation stirred excitement which created a 66.67% gain today! No one can play that down as being to little on what was revealed!

I initially was excited and even called Monday a possible MOOON Day, and it was possible! I openly expected a rise to .0015 to .0025 with no further PR coming forth! An greater if accompanied by another PR!

We did have a good day! We shouldn't be surprised or discouraged! By Melvin's own account, we have PR's coming this week! Usually Melvin says he hasn't seen, doesn't know, hasn't heard whether there will ever be a PR! (Maybe I over dramatized)! You get the idea! Melvin said Pr's are coming!

What do we look for? The timely ones would be:
1. Audit results with the official O/S
2. Quantity of diamonds in the samples - Melvin has been quoted as saying $40 billion in 10 feet
3. Quality of diamonds in Carolyn
4. Drill results for the new target they have finished
5. Aerial Survey results
6. Possible buy out of our junior partners (mere speculation/please disreguard)
7. Update on Law Firms actions of late
8. Mining the Carolyn Pipe updates (Progress)
9. Plenty of other possible PR's at Urbans disposal!

In reality, we did very well today, and more than likely will tomorrow and the day after and the day after, etc...

The real end of this thing is if you want to be wealthy, you have to do what the wealthy do! Weigh out the facts, the prospects, and the potential of CMKX and make your own decisions based on these!

I would ask only three questions!

1. When was the last time an opportunity like this came your way?
2. What did you do with that opportunity?
3. Where would you be today if you had made different choices concerning that opportunity?

I hope the best for you!

We are doing well and everything is looking great!

Keep the Faith!

This is just my opinion and I ask that you treat it as such!

Dr.D
____________________________________________
May God Bless All.


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Bam Bam 17
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By dr.diamond0
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=21166

CMKX is not Difficult! Just different!

Many have a difficult time trying to figure out things they can't figure out and there is not even enough information available to answer the questions in the first place!

We do have information to build with, but it is difficult to process information at times, especially when there is so much speculation flying around! I fling some myself at times!

We may not realize all of the ramifications of what Urban is doing, but what we all DO KNOW is what an Audited, guaranteed, no hype, no guess work, no speculation O/S count could do to this thing since we have the confirmation of diamonds already at Carolyn!

With all of the speculation around the market place about 1 trillion or more naked short shares any PR solely by CMKX claiming a particular share structure would be highly criticized!

This is only one of the ace's in the hole that Urban has had and I believe we will have to tip our hat to URBAN when this is over and we see that he was holding a Royal Flush (the winning hand) the whole time!

I have heard O/S counts as low as "0" to "4 billion" and as high as 37 billion to 500 billion!

Urban knows what the O/S is and is only going to use this audit to confirm what he already knows! I believe it is going to be so low that he knows nobody would believe it without and actual audit!

This is very, very, very good for all of us!

If you are looking for a quick turnover in CMKX you have had the opportunity and you will probably get it again, but selling now to me would be just plain foolish! If you need to, by all means, go ahead! It will be gobbled up in no time!

I disagree with all that are claiming these early sells are going to keep the pps down, I think it is just giving us a new bottom and more support structure for a launching pad! The MM's have seen fit to manipulate the volume to ridiculous highs to try and discourage investors that are willing to hold long!

…”Further the Board has notified the present Transfer Agent, 1st Global Stock Transfer to do a full and complete audit of the company and/or will have an independent auditor audit the company and as soon as that audit is complete the Company has retained Pacific Stock Transfer, Inc., to become the new Transfer Agent for CMKM Diamonds, Inc.”

If everything is in good standing with the 1st Global Stock Transfer Company and they don’t have to do any shuffling to cover their rears, then it should have taken a couple of weeks tops on the audit! That means it is probably ready to be announced this week!

1st Global Stock Transfer is turning over the stocks to Pacific Stock Transfer, Inc., ( the same one UCAD uses) and 1st Global is therefore responsible for doing there own house cleaning (the audit)!

They have to clear up and out, along with prove what they have done to finish it’s business with CMKX in order to get a release from the new transfer company!

Also an audit and change of agents is usually done to
1. account for all Outstanding Shares

2. prepare for a market upgrade (like to NASDAQ)

3. to make an accounting to the SEC to upgrade and report

4. also to make shorts cover (All of them )

5. to prepare for a merger, name change, or buy out

6. And Yes also a move to go private

New Agent Info:

Pacific Stock Transfer
5844 S Pecos Rd
#D (702) 361-3033

The portfolio that Pacific Stock Transfer sent me lists:

Pacific Stock Transfer Company
Edith Vasquez
500 E. Warm Springs Road, Suite 240
Las Vegas, NV 89119
(702) 361-3033

I also have there:
1. Schedule of fees and services
2. A list for Certificate Printing
3.A Certified copy of Resolution of Board of Directors
4. A New company check list! (Pretty detailed) 13 things for the company to send to Pacific Stock Transfer Company to get things rolling!

#6 on the list is that CMKX is to provide:
Quote: “Complete list of issued and outstanding securities of the corporation, including date of issue, certificate number, registered name, address, and social security number of registered owner, and amount of securities. THIS LIST IS TO BE CERTIFIED AS TRUE AND CORRECT BY PREVIOUS TRANSFER AGENT!” (End of quote)

Much more included in the package! Hope this helps!

This is just my opinion and I ask that you treat it as such!

Success to All!

Dr.D
______________________________________
May God Bless All.


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Az...Cats
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WOW!! Well put
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Highwaychild
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quote:
Originally posted by Money_Penny:
Retire?...LOL...so you mean sitting around in a lawn chair in your garage all day and watch cars go by? No thanks, I can't do that. I need shi] to do and I guess that's why I only bought 675,000 shares...so when it hits $1+ I can keep my job, buy a nice house & car and put the rest into some stocks and my retirement account...now that's what I want!

You ain't a porn star are you?

[This message has been edited by highwaychild (edited June 14, 2004).]


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Money_Penny
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quote:
Originally posted by highwaychild:
You ain't not a porn star are you?

No. LOL. Did you ever think, though, how boring a porn star's sex life must be? Think about it this way....whatever it is you do for a living, now do that again at night in bed with your wife or husband, day after day after day. Still sound exciting?

[This message has been edited by Money_Penny (edited June 14, 2004).]


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StonedPigeon
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quote:
Originally posted by Money_Penny:
[QUOTE]Originally posted by highwaychild:
[b] You ain't not a porn star are you?


No. LOL. Did you ever think, though, how boring a porn star's sex life must be? Think about it this way....whatever it is you do for a living, now do that again at night in bed with your wife or husband. Still sound exciting?[/B][/QUOTE]

--------------------------------------------

Let me try it for 6 months and I'll let ya
know


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Highwaychild
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quote:
Originally posted by Money_Penny:
[QUOTE]
No. LOL. Did you ever think, though, how boring a porn star's sex life must be? Think about it this way....whatever it is you do for a living, now do that again at night in bed with your wife or husband. Still sound exciting?

HaHa.Don't ask me ask Coby B.I can't even frikin' wright to night

[This message has been edited by highwaychild (edited June 14, 2004).]


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Anna
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quote:
Originally posted by StonedPigeon:

Bet it's worse for a GYN. LOL


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cool1sh
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AMEN!
quote:
Originally posted by TruthTeller:
Just wanted to add my comments..

Be careful with some of the people who have been here longtime as well. They can be possitive for a long time, all of a sudden they bash and try to create panic. Believe me, it happened with QBID (more than once).

Bottom line is don't just follow somebody to buy/sell ANY stock. Like Will said don't buy/sell it even if you get a letter from Jesus (unless you want it)

GLTA

[This message has been edited by TruthTeller (edited June 14, 2004).]



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PAUL
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I have been trying to figure out on "paper" how to flip this stock with sucess. I keep finding tax problems with my plan.

If I am in at .0001 pps and sell 1,000,000 at .01 pps then I am looking at 10,000.00 of which 9,900.00 is profit.

If I am looking at 35% tax. Then 3,465.00 would be the tax burden.

10,000.00 from the sale.
Minus 3,465.00 tax.
Leaves 6,535.00 to reinvest.

This means the pps would have to fall back to .0065 or loose 35% in order for me to get my 1,000,000 shares back.

If this happened, I would have sold just to pay the taxes.

Is the benifit in doing this just to lower the tax obligation on the final sell?

Am I missing something?

Paul

------------------
But godliness with contentment is great gain.
For we brought nothing into this world, and it is certain we can carry nothing out.


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Highwaychild
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Just think of Bill Gates' taxes.Pay 'em. That is mainly why this country is so strong.Just think of what little you would invested for that $10,000.
Posts: 2634 | From: The highway | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
Az...Cats
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Worry about the tax part when you get there.
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DeadSurf
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i thought the tax rates were 15%???


quote:
Originally posted by PAUL:
I have been trying to figure out on "paper" how to flip this stock with sucess. I keep finding tax problems with my plan.

If I am in at .0001 pps and sell 1,000,000 at .01 pps then I am looking at 10,000.00 of which 9,900.00 is profit.

If I am looking at 35% tax. Then 3,465.00 would be the tax burden.

10,000.00 from the sale.
Minus 3,465.00 tax.
Leaves 6,535.00 to reinvest.

This means the pps would have to fall back to .0065 or loose 35% in order for me to get my 1,000,000 shares back.

If this happened, I would have sold just to pay the taxes.

Is the benifit in doing this just to lower the tax obligation on the final sell?

Am I missing something?

Paul




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PAUL
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I hear that from people.

But, I just don't want to put myself in a position to have to sell stock to pay taxes.

So is there a formula that anyone uses to do this. Has anyone looked to see if it is better or worse to pay taxes as it grows OR is it best to just let it all grow and sell.

Just trying to figure it out.

I have not made any trade like I think this one will be.

The closest I got was IBZT bought @.0045 @ .008 then sold at .009 on dec 29, 2003.

Within 2 weeks it was trading over .07 which could have been huge for me.

So I am trying to figure a few things out.

I know I have been around here a while but, I still do NOT know how to play this. Everyone talks about the MM's do not know what to do. Well they aint alone!

PAUL

quote:
Originally posted by Az...Cats:
Worry about the tax part when you get there.

------------------
But godliness with contentment is great gain.
For we brought nothing into this world, and it is certain we can carry nothing out.


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Highwaychild
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depends on witch tax bracket your in.
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foolio
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that's long term capital gains tax (over 1 year)
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Wallace#1
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Paul,

I don't know the answer to your tax question.
Do you have an accountant do your taxes? If so, you might ask there.


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PAUL
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I sure hope I need one next year

quote:
Originally posted by Wallace#1:
Paul,

I don't know the answer to your tax question.
Do you have an accountant do your taxes? If so, you might ask there.


------------------
But godliness with contentment is great gain.
For we brought nothing into this world, and it is certain we can carry nothing out.


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WWJD-thru-me
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Hi Paul and Wallace, I think this was held back today. I hope to buy some more shares before the big Mt St Helens PR comes although I will be so happy to see it I will forget all about wanting to buy more shares. I got up waaaay too early to day so I am turning in. Good Night-Debi
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Highwaychild
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It's been a long day choppin' weeds, clearin' line in some wet heat for some new middle school project.But, thanks to CMKX, I felt DIAMONDIFERIOUS.CMXK and lots of water.Early wake up call,thanks for the LII posts thruout the day.Really adds to the enjoyment of this baby.
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StonedPigeon
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Anybody have e-trade?

my charts seem to stop in may, anybody else
have this problem?


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Bam Bam 17
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Capital Gains Calculator
http://www.moneychimp.com/features/capgain.htm

May God Bless All.


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VNGNTN1
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WHY DON'T YOU'AL HAVE THIS IN A ROTH???
I do all 5m shares. Let's say PPS goes to 3.50 x 5m=$17.5m (taxes are ?)0
VAN

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Bam Bam 17
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The SmartMoney.com Capital-Gains Guide
http://www.smartmoney.com/tax/capital/index.cfm?story=capitalgains&nav=LeftNav

May God Bless All.


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PAUL
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Wouldn't that just allow me imediate access to my original investment tax free.

quote:
Originally posted by VNGNTN1:
WHY DON'T YOU'AL HAVE THIS IN A ROTH???
I do all 5m shares. Let's say PPS goes to 3.50 x 5m=$17.5m (taxes are ?)0
VAN

------------------
But godliness with contentment is great gain.
For we brought nothing into this world, and it is certain we can carry nothing out.


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TradingWizard
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Bumping up with some old news but by others.

CMKM Diamonds "Carolyn Pipe' Shows Some Promise
By Tom Bustamante,
Staff Reporter
NEW YORK--(WSNC)--June 13, 2004--CMKM Diamonds (OTC:CMKX) announced that initial tests show trace elements of diamonds on their Smeaton property in Saskatchewan, Canada.

Saskatchewan Research Council (SRC), an independent lab located in Saskatoon, Saskatchewan reported to the company today that the core samples from the "Carolyn Pipe" has come back positive for diamond content. The Smeaton property in Saskatchewan, Canada is jointly held by CMKM Diamonds Inc., being the primary operator of the claims, United Carina Resources Corp., Consolidated Pine Channel Gold Corp., and U.S. Canadian Minerals Inc..

In procedure of fair disclosure the company also announced that there is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company.

CORPORATE STRUCTURE

CMKX has been gathering a lot of attention lately with their plans of retaining a new auditor and law firm. If CMKX is serious about cleaning their company up to become fully reporting and compliant, then they seem to be making to correct first steps, but still have a ways to go.

As a first step, CMKX is correct to have a full audit conducted on the company, so as to know exactly how many shares and shareholders in the company. This will allow CMKX to review exactly what it is they are working with, and better work towards cleaning up the capital structure of the company. After the final audit, it would not be to surprising to see CMKX conduct some sort of reverse-split to reduce the number of shares outstanding, for they will most likely need this extra capital for production of their 'Carolyn Pipe" property. Of course, this would not be of great support to current shareholders, but would be a wise move for CMKX if they wish to clean up their capital structure to better reflect a higher exchange. I wouldn't expect a move on the capital structure issue until the auditing firm has had a chance to comb through the companies shares first. www.casavantmining.com

Afterwards, CMKX should then use their new law firm to make all the appropriate filings to get CMKX fully reporting, and apply for relisting on the OTC exchange. A good law firm can also help CMKX retain friendly financing, or better yet, some strategic partnerships for production on the diamond property.

Over all, there is still a lot work CMKX needs to do to clean up their capital structure, and get the company on a higher exchange, but in the mean time they seem to making the correct first steps to making this issue a reality.

Source: http://www.wallstreetnewscast.net/news/june/cmkx.html

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'Alone we can do so little; together we can do so much.' - Helen Keller


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sneaker68
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VNGNTN1,
You have your stock in a Roth. If (when ) it does go and you have that amount in the IRA, when are you able to get it out? Any penalties? Any age requirements before withdrawl?
Thanks.

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TradingWizard
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Interesting reading, especially when dates are mentioned and see if the predictions check in - some reading before bed time.

From: wave321
May 26 2004
Msg: #of 535
CMKX@.0001 Worth 1.00 a Share. 1 Trillion Share Shorted
Explaination of CMKX 1 Trillion Share Naked Short below:

Breakdown of Naked Short:

NITE-300 Billion
Jeff-250 Billion
CRWN-175 Billion
SCHB-125 Billion
FRAN- 75 Billion
BSIC- 60 Billion

All other MM's 1 Billion to 15 Billion

1 Trillion Shares Naked Short Will be "Covered" via the {Worlds Largest Short Squeeze} when the Company releases the Entire O/S to include shares retired/Bought Back recently and the "Public Float". This will take place very, very, very soon folks, dont sell yourself short by bailing early into the run...Remember theres atleast 1 Trillions shares of "Buying" volume that needs to go threw before short is covered and the "COVERING" Started yesterday with NITE on Bid all day.

Now comes the time to force the MMs to gather accountability for
covering. Urban can do this by re-issuing CIM shares as a dividend
to all current shareholders of CMKX shares to be effective by an
execution date sometime in the near future. Maybe some date like 15
Jun or 30 June 04.

But first and at the same time, announce that CMKX has made a $1.00
per share tender offer to buy all shares of CMKX shareholder's
shares to take the company private. They will be willing to do this
because insiders own at least 85.7% of the OS so it would really be
like buying out yourself or paying yourself. Going private along
with re-issuing the CIM dividend will no doubt force the MMs to
cover all naked shorted positions.

You can do a lot when you own billions of dollars in gold, platinum,
uranium, kimberlite, and diamonds to say the least. Buying us out to
go private at $1.00 per share still might be too low, but I'm sure
many would appreciate such yet still.

Now after the announcement of taking CMKX private, CMKX will make
the announcement that those who buy CMKX up to the new execution
date will receive a 1,000 to 1 dividend of CIM shares to further
compensate the value that the company has determined to award fair
value to its shareholders.

That's right, CMKX will take back those already old CIM shares to
give them in return the newly re-issued CIM shares with value unlike
before. Others who never had any CIM shares would receive CIM shares
under the same newly 1,000 to 1 ratio and investors will have up
until the new execution date to buy to receive the newly re-issued
CIM shares dividend.

They will also announce that CIM will apply for a new CUSIP# and
ticker to submit application to trading on the NASDAQ National
Market since they must trade with four symbols on the NASDAQ
markets. They will announce that Qualifications are expected to be
met by some future date maybe like 31 Jul or Aug 04 to submit
application to the NASDAQ National Market. This means that CIM would
trade at no lower than $5.00 per share.

The Look of the CIM Dividend
We will guess and say that CMKX OS is 40 billion shares and the OS
for CIM is to be 40 million shares.

CMKX OS  CIM OS = Dividend Ratio
40,000,000,000  40,000,000 = Dividend Ratio
1,000 = Dividend Ratio

With 1,000 to 1 Dividend of CIM shares this means you pay the
following to get the end result listed below:

1,000 Shares of CMKX = .10 cents
1 Share of CIM = $5.00

Source: http://quotes.freerealtime.com/dl/frt/C?IM=quotes&SA=quotes%7CMessageBoard&symbol=CMKX&type=view&msg=192

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'Alone we can do so little; together we can do so much.' - Helen Keller


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Upside
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This is my understanding of it and it may not be right (we have to have an accountant do our taxes). At the end of the year, you add up your gains the subtract your losses. If you have a gain (assuming it's all short term) it's added to your regular income and taxed as such. If you have a loss, same thing, it's deducted from your regular income.
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TradingWizard
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http://www.jeffarend.com/

(...I can't sleep, so instead surfing the net)

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'Alone we can do so little; together we can do so much.' - Helen Keller


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