posted
The R/S issue is the MAIN thing I am looking at to see if the information I am being told by Melvin is true or not.
I have been told at least tow times now in CLEAR TERMS that an R/S is not even eing discussed. Because... It is NOT in the best interest of the shareholders.
I have for some time now, thought the intent of this company is good. I think they are trying to turn around their business practices and shoot straifht. So far I think they are doing things they need to do.
If an R/S does happen on this side of .50 I will be surprised.
If this happens, in my opinion one of three things has happened.
1. They are lying. 2. Melvin is much further on the "outside" of things than I think he is. 3. Melvin is being mis-lead or lied to.
I am NOT looking for an R/S to happen. If it does I will probably be looking for the door.
PAUL
quote:Originally posted by TradingWizard: 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.
posted
Looks like Casavant has some major internet marketing scheme. I did some searches sometime ago, may be two weeks ago, and these sites did not come out on google. Check this out: http://www.cmkx.net/
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
Am I dreaming (it is kind of late) but I see flashovertx name on the http://www.cmkx.net/ site - bottom right. He hangs around here! It is nice to see familiar faces around the world!!!
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
quote:Originally posted by TradingWizard: Looks like Casavant has some major internet marketing scheme. I did some searches sometime ago, may be two weeks ago, and these sites did not come out on google. Check this out: http://www.cmkx.net/
posted
Looks to me like a website of an ovezealous CMKX shareholder. I don't think this is an official CMKX sponsored site.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Thanks Wiz for the site. I just hope that everything works out for the best like everyone here does. Even hitting .50 would make many here happy. I would like for it to continue to grow so that I can keep this for long term also, and not less than a year where I/we would be taxed more. Doing a merger I would think would also help and also would keep this from doing a r/s in my opinion. If anyone can correct me, please do. Not sure who this DR. Guy is and not really familiar with Melvin and now I forgot the other guys name. Well I am tired and going to call it a night.
I may have missed past comments, point being any one that has not researched Dr Glenn and the law firm , as many probably do know , for any one of his credentials to get on board with CMKX , there better be a good reason to put his name on the line.
I do not know what to make out of all the exhuberance, but as I stated over two years ago, CMKX is in the ZONE,,but was insulted by types like Milty, well, as a few have stated , Debeers and kensington are not there for a picnic.
As I say, I hold a few shares, and did so the day DeBeers and KRT made a deal, that was enough for me to buy CMKX on spec .
10 feet of dirt = $40Billion ...... DeBeers can only wish.
CMKX: Mach's conversation with Melvin 06/14/2004
As many know I was very concerned over the weekend about the dilution and somwhat still am! BUT if some of the views others have about the plans CMKX has against the shorts is true it will not matter!
I called Melvin on Saturday and left a message for him, well guess what he called me back at 8:30 PST. I asked lots of questions and will tell what I heard and if anyone has questions call him, a very easy person to talk to and excited beyound belief!!!!
After reading this which many already know most of it, I feel time to buy is now for sure, but good luck on whatever you do as this is not intended to influence you to buy or sell!
FEEL FREE TO SHARE THIS ON ANY BOARD, I LIKE WHAT I HEARD!
Here we go:::::
* Hi this is Melvin, returning your call * thank you * what can I do for you * I am concerned about dilution * I don't know anything about that end of it, call your broker * Already did and of course they won't say anything. * Sorry not my department * Ok Melvin how are you feeling about CMKX * "ONLY THE TIP OF THE ICEBURG" * really * Yes Tim an unreal diamond find * Debeers has 50,000 acres we have 1.5 million and completely surround them and they have found diamonds as big as 10.5 c * Also Tim Debeers did areial 10 years ago and only picked up a small spot! we did a survey 2 weeks ago and it paid off "BIG TIME" * Also Tim this makes the Carolyna pipe line look like Peter Pan * Melvin any more pr's this week! * Yes Tim for sure!!!!!!!! * Melvin looks to me like this could take awhile to start drilling Months or WHAT? * Tim, Melvin said with a chuckle we are moving the drill rig right now and will be drilling this week!!!! ( I wanted to hear this and have not seen this mentioned anywhere on any board, things are moving rapidly.) * Melvin I hear this could be a 40 billion $$$$ find. * HAHA Tim yeah 40 billion in 10' of dirt! "this is a quote" and all else as well I am saying here. * Melvin do you own shares and would you buy more? * Tim oh yes I own and at these levels definetely would buy more, but maybe not at $5.00 * Do you see $5.00 * Tim oh yes this is bigger than any one can imagine!
As you can see I asked him a load of questions and some others I did not post but mostly what everyone knows already. I tried to read between the lines and also asked him about the Mt. St. Helens eruption! He said that is a baby to what is coming!
I have never seen so much excitement out of any Company spokesperson in all my years of doing stocks and glad I finally called him to clear up some issues!
My opinion and strictly my opinion a very STRONG BUY and will get much stronger as news comes out which could be today, it sounds like more than 1 pr this week as well.
Good luck everyone and hope this helps MACH
==================================================== mach1 - verifies the above post below:
Posted by: Mach1cobra In reply to: marcq4 who wrote msg# 5379 Date:6/14/2004 3:47:07 PM Post #of 5382
marc4 yes it was from me and all I stated was almost exact!
NOTE:THIS IS NOT A SOLICITATION TO BUY OR SELL SECURITIES, AND SHOULD NOT BE CONSTRUED AS SUCH! The foregoing is for entertainment purposes only ... not to be considered as fact. The foregoing is not fact ... just an opinion .... or not an opinion at all .....
posted
Good Morning- Early is the best time to have a shot at reading Dr. Diamond at www.casavantmining.com. He wrote a very good post about the change of transfer agent and audit that should be completed very soon. Find as many of his posts as you can. He is realistic IMO and not a pumper. But I am very encouraged and optimistic reading what he has to say. I am conviced this is a great opportunity. I think Melvin may be a little out of the loop but I find him credible and do believe that he saw the core sample being taken from the ground. I also believe him when he says they are drilling many new locations every week. Because of the vast acres of mineral rights we hold and a significant number of kimberlite pipes that have been found I am finding it difficult to not be a cheerleader. Looking forward to the short squeeze of the century (Day of MM reckoning) which will be appearing right before our eyes soon. IMO-DD-GLTA-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
After reflecting on the article by Tom B. I find it interesting that someone who writes business articles makes a poorly informed assumption on the share count and speculates about a possible reverse split. If he did any credible research he would have noted the very strong rumor that the stock is purported to be Naked shorted to the tune of a Trillion shares and the outstanding share count is a closely guarded secret know only to UC, the law firm and the 2 transfer agents. Dr. DIamond who posts at the casavant mining home page has a post of the form the new transfer agent requires. It includes the share structure, number of O/S and counsel for the company to verify. I question the motives of Tom B who writes a reasonable sounding article at first glance but this may just be a subtle bash. When clubs and wild accusations don't do the trick, well crafted articles in a soft tone may. IMO-DD-GLTA-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
TRADITIONAL IRA-Amount limited in each year by income, or roll 401k,403b,etc to Traditional IRA No tax, No penalty, Annuitize by IRS out between ((59.5 & 70.5)HUGE PENALTY EARLY) Pay tax on entire amount as it comes out @ (hopefully) lower bracket - - - - - - - - - - ROTH $3000 year+500 Catchup over 55, Annuitize out between ((59.5 & 70.5)HUGE PENALTY EARLY) No tax ever. YOU & SPOUSE also (KIDS(watch this one can affect college loans) - - - - - - - - - - TAX Same year buy & sell, & all dividends, and all intrest taxable @ current tax rates. Captial gain Sell after 365 days current @ 15%, reduce by tax cut from 20%< (may go back up on a sunset provision). AND "YES" you should pay taxes. What a great country. - - - - - - - - - - FORMS Each of you should be filing QUARTERLY ESTIMATED TAXES TO IRS & STATE if applies. 1040es 3/15-6/15-9/15-1/15 othewise a HEAVY penalty kicks in. Of course complicated schedules & worksheets are required to calculate at end of year(that is why some are recommending an accountant. I do my Quarterlys and hire an accountant EOY - - - - - - - - - - VAN (Not an accountant)(Experienced tax payer)
[This message has been edited by VNGNTN1 (edited June 15, 2004).]
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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quote:Originally posted by WWJD-thru-me: Good Morning- Early is the best time to have a shot at reading Dr. Diamond at www.casavantmining.com. He wrote a very good post about the change of transfer agent and audit that should be completed very soon. Find as many of his posts as you can. He is realistic IMO and not a pumper. But I am very encouraged and optimistic reading what he has to say. I am conviced this is a great opportunity. I think Melvin may be a little out of the loop but I find him credible and do believe that he saw the core sample being taken from the ground. I also believe him when he says they are drilling many new locations every week. Because of the vast acres of mineral rights we hold and a significant number of kimberlite pipes that have been found I am finding it difficult to not be a cheerleader. Looking forward to the short squeeze of the century (Day of MM reckoning) which will be appearing right before our eyes soon. IMO-DD-GLTA-Debi
Debi - 1) do you think today is still a good time to get on board CMKX? 2) How did you buy CMKX - I have tried to get some through Scottrade - and they say they can only do "sell orders". Can you give me ideas?
posted
OPINION Based on my last "TAX" post I believe for those of you under 30 this is your best "RETIRMENT" hope Don't overlook it.I started at 55 and will more than triple SS without CMKX. I will start a "TAX" thread and we could answer questions there. Maybe even get an accountant to speak ? VAN
[This message has been edited by VNGNTN1 (edited June 15, 2004).]
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
Breezer: You can't buy CMKX with Scottrade. You will need to open an account with another broker.... freetrade, lowtrades, choicetrade, ameritrade, etc...
------------------ FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of.
Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
TW Why did you ask that question about "Private Placement" yesterday? I must have missed something. Can you post it I am sure others would also be intrested. VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
Breezer-Scottrade is not going to allow you to buy so if you do not have an account with another broker I would open an Ameritrade account online right now and trot to the bank and do a wire transfer ASAP. You may be able to buy today if you wire this AM. It takes about 4 hours by wire to get credited and AMeritrade will buy the shares by phone once they have your wire if you call them. The shares will be shown the next day. You will want to do a limit order. I am buying more today. I think as more and more news is released the price goes up. If news of a low share count and or other big news comes this may be a bargain in the pennies. I am long with most of my shares and think the .50-.60 value that UC is said to have previously said is the worth without taking the short situation into consideration is probably true. All is IMO, DD and GLTY-I have quite a few friends who are still buying. My wire transfer just got sent yesterday PM even though I had been to the bank Friday afternoon to request it. So make haste if you want to buy before the change of transfer agents is announced. -Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
I know someone will ask this eventually, because I sure didn't know at one point.
How do you calculate profit / loss on a transaction involving stock that you've purchased at different prices and sold portions at different prices? According to my tax guy, here's your choices.
Let's use this scenario: You bought 1M @ .0001 = $100 1M @ .0003 = $300 1M @ .0009 = $900 You sold 1M @ .10 = $100,000
First in, first out method: $100,000 - $100 = $99,900 profit
Last in, first out method: $100,000 - $900 = $99,100 profit
Specific identification method: Pick any one, like maybe the .0009, because you bought those to daytrade
Weighted average method: $100,000 - $433.3 = $99566.70 (average cost per share = .0004333)
"Once you pick a method you need to stay consistent with the way you account for the purchases and sales. "
Posts: 1872 | From: right here | Registered: Apr 2004
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posted
WL My software averages. I'm not real sure many believe in taxes.Hope to see some hits on the "TAX" thread. VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
I have my buy orders in at .0011. Now with my friends included will be 30M shares. No sells yet. I just read a post on another board about all the .0012 trades that went thru after the bell. The poster said those were buys at .0012 from yesterday during the day that were withheld to give the illusion the stock wasn't doing as well as it was to keep the price down artificially and close at .001. Sounds about right to me. I am so excited about what is going to happen. I don't wan to sit and stare at the computer all day but will certainly be stopping by probably too often to check. Have fun and IMO-DD-GLTA-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
I have Ameritrade. You don't have to buy by phone, you can do a limit order right on line. 10.99. They say 4 hours but I have seen them have the money there in 2 hours. If you have a good bank that takes care of you, it will be there in less than 4 hours.
quote:Originally posted by WWJD-thru-me: Breezer-Scottrade is not going to allow you to buy so if you do not have an account with another broker I would open an Ameritrade account online right now and trot to the bank and do a wire transfer ASAP. You may be able to buy today if you wire this AM. It takes about 4 hours by wire to get credited and AMeritrade will buy the shares by phone once they have your wire if you call them. The shares will be shown the next day. You will want to do a limit order. I am buying more today. I think as more and more news is released the price goes up. If news of a low share count and or other big news comes this may be a bargain in the pennies. I am long with most of my shares and think the .50-.60 value that UC is said to have previously said is the worth without taking the short situation into consideration is probably true. All is IMO, DD and GLTY-I have quite a few friends who are still buying. My wire transfer just got sent yesterday PM even though I had been to the bank Friday afternoon to request it. So make haste if you want to buy before the change of transfer agents is announced. -Debi
Posts: 343 | From: Eau Claire, WI, United States | Registered: Aug 2003
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quote:Originally posted by VNGNTN1: TW Why did you ask that question about "Private Placement" yesterday? I must have missed something. Can you post it I am sure others would also be intrested. VAN
Good idea Van. My questions was:
Can someone define private placement based on the article below and how it affects the stock price - will go up or down?. Thank you. Northern Financial Corporation (TSX: NFC) ("Northern" or the "Company") today announced that it had completed a private placement of $1,900,000 in common shares at a price of $.04125 per share. The Company anticipates completing an additional private placement for $100,000 by June 25 for a maximum total amount raised of $2,000,000.
VNGNTN1 Replied: TW " A large block of securities offered for sale to an institutional investor thru private negoitiations".
VAN
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
posted
Any word on whether the two Canadian partner companies have been allowed to resume trading yet?
Posts: 519 | From: Oakland, CA, USA | Registered: Mar 2004
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