quote:Originally posted by Wallace#1: FACTS? TRUTHS? They exist but you pumpers do not want anyone else to recognize them: NO AVAILABLE BALANCE SHEET NO AVAILABLE INCOME STATEMENT NO AVAILABLE CASH FLOW STATEMENT TWO WORTHLESS DIAMONDS FOUND PEOPLE WITH NO TRACK RECORDS IN BUSINESS NO TRACK RECORDS IN DIAMOND MINING QUESTIONABLE OR CHECKERED PASTS EMPTY OR NON-EXISTING OFFICES(?) AMBIGUOUS PRs ATTEMPTS TO PURCHASE JADE WITH CO STOCK MT ST HELENS ERUPTIONS STATEMENTS CLOSED MSG BOARD WITH STUPID PR RELEASE GUNG HO STATEMENTS FROM UC WITHOUT OFFICIAL RELEASES
Want more?
THERE ARE KIMBERLITE PIPES IN CANADA KIMBERLITE PIPES SOMETIMES CONTAIN DIAMONDS DEBEERS FOUND DIAMONDS NEARBY CMKX IS IN SAME GENERAL AREA THE AMOUNT OF ACREAGE UNDER CMKX CONTROL IS UNVERIFIED OFFICIALLY
These are also things upon which a prudent person should be making decisions. Instead, feed the rumors!!! Swing, swing, swing!! Just don't point out the facts or truths so you can do so. THOSE OF YOU WHO ARE NOT TRADING THE SWINGS BUT ARE LOOKING TOWARD THE FUTURE....BEWARE!!!!!!!
[This message has been edited by Wallace#1 (edited June 19, 2004).]
Don't you have a street corner that you can go to and tell your story.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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posted
wallace...i doubt that you are on this board to save all of it's members from tragic losses in this stock. if you are so certain that this stock is such a bad investment, get out of it and leave this board. if you don't like it, don't buy it... i don't understand people who want to waste their time pointing out how bad a stock is when they can spend that time finding something that is truly worthwile. i think cmkx is about as much a scam as qbid was. for god's sake wake up man.
Posts: 483 | From: Fort Worth, TX, USA | Registered: Feb 2004
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posted
If I'm not mistaken, and I might be all of the thing above are what the law fire will be getting ready.
Posts: 514 | From: Claremore, Ok., USA | Registered: Apr 2004
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Noah, keep posting those quotes from the basher book, I am sure it is driving Wallace crazy, hehehe!
Posts: 430 | Registered: Jun 2004
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[QUOTE]Originally posted by Wallace#1: [B]FACTS? TRUTHS? They exist but you pumpers do not want anyone else to recognize them: NO AVAILABLE BALANCE SHEET NO AVAILABLE INCOME STATEMENT NO AVAILABLE CASH FLOW STATEMENT
[This message has been edited by TruthTeller (edited June 20, 2004).]
A bit more research for those interested. Being a lawyer and fairly familiar with large law firm structures, I thought it would be helpful to dissect Edwards Angell. It certainly proved even more interesting than I expected.
The reason I did this was because no matter how many times I toy with the facts (or lack of facts), I keep coming back to one question: why did Urban choose a heavy hitter law firm and why specifically Edwards Angell and why specifically Roger Glenn?
Edwards Angell is based primarily out of Boston, but with a strong presence in Providence and New York. They are generally seen as a "Northeastern" law firm however, rather than a "New York" law firm. Which is where it gets interesting. Their New York office houses 44 attorneys. Of the 44 attorneys, Roger is the only partner that truly specializes in corporate securities. In fact, in total there are only about 4 partners in the New York office that I would even say qualify at all as Securities Partners, with the other 3 clearly having focuses in niche markets on securities (foreign acquisitions, insurance companies, and ERISA). In terms of general securities, financings, M&A, and filings, Roger is the MAN in the New York office. This is signficant. You do not have a presence in New York as a large law firm without making sure that your New York office is the absolute BEST that it can be in the securities department. With the proximity to the exchanges, Wall Street and all the financial business in New York, this is truly the "prestige" office. And Roger is THE guy.
Breaking it down further, pay close attention to the publication that he authored in 2003. Its focus is the Sarbanes Oxley Act of 2002. That Act is a set of some of the most complex securities laws ever passed to ensure proper corporate accountability and governance in companies after the Enron and Worldcom scandals, specifically with respect to filings and dealings with the SEC. I hope this is starting to sink in. To be selected to write an authoritative text on interpreting this Act is a testament to the respect, expertise and integrity that Roger possesses in this field. Now think more about our situation. When it comes to proper filings, navigating the complexities of SEC/filings, and doing it all ABOVE BOARD and with maximum ACCOUNTABILITY, Roger is simply one of the best attorneys perhaps in New York to fit this role.
Let me remind you. He is THE man in their New York office. Not one of dozens of partners. THE man. Now many might be thinking (and surely the bashers will be all over this) "maybe Urban did something wrong and needs Roger to bail him out". First, the press releases expressly stated Roger will "help them become fully reporting" which is quite different than than any corporate wrongdoing. Second, Edwards Angell has a "Corporate White Collar Crime" division specifically. Roger is not listed as one of the 16 attorneys with any expertise in that area. My opinion is that it is 99.9% unlikely that Roger would be involved with anything in that area when there are 16 other attorneys that specialize in that area at the firm. I'd also like to wrap into this that Edwards Angell is probably among a handful (probably among the top 10 in the country) of firms that specialize in venture capital and private equity financing. I cannot say how this may work into the equation but what I can say with confidence is that VC people at THIS level would not touch anything without complete and total due diligence and confidence in an emerging company. If in fact there is any additional financing (a secondary? a group willing to fund a move to get an asset base high enough to qualify for NYSE or AMEX listing?), this is THE firm to handle it professionally and with maximum benefit to shareholders and the company.
So let's connect the dots. Three press releases in late 2003 to early 2004 confirm the buyback of 38 billion shares. Total listed shares as of February were 37 billion shares. 5 months have passed since then. During that time the stock basically traded at .0001. We do not know how many more shares Urban bought back during that time. Suddenly we have Urban switching transfer agents, announcing his intention of becoming fully reporting and hiring the top securities partner in the New York office of one of the nation's most prestigious law firms.
If you were simply looking to perpetuate CMKX and sell shares into the market, why would you do all this, particularly when "fully reporting" would now mean full disclosure on all transactions?
And why in the world if there were any "problems" would you hire the guy that wrote the book on strict corporate procedures and guidelines with respect to filings?
And this is where I ponder heavily ... Why Roger and Edwards Angell? Why would you pick the New York office's top securities guy, the firm's top SEC filings guy to handle your "fully reporting" status? And why would ROGER who assuredly as their top securities guy (particularly the one that PUBLISHED a legal primer on corporate accountability and integrity) EVER take on a pink sheet company when basically his entire livelihood would take on about the largest black eye possible if ANYTHING fraudulent were involved.
I know I'm rambling. Thanks for listening. A few other points. Roger specializes in Mergers & Acquisitions and was the only attorney I found listing "going private transactions" among his specialties. He also was CLEARLY the most recognized partner with respect to filing and becoming a public, reporting company. And being the MAIN guy in the New York office, something became lucidly obvious in thinking all this through .... and keep in mind this is just one attorneys subjective analysis of all this ... Urban has something so big and unique that not only does it require securities legal expertise of the highest level but it specifically requires that it be handled by someone who stands out in the ethics and integrity department as well. In other words, when all is available to the public, there should be an additional "protection" in everything in knowing that it was processed, approved and filed through an attorney with IMPECCABLE credentials. The fact that Roger Glenn published a legal treatise on Corporate Responsibility following the Sarbanes Oxley Act of 2002 is SIGNIFICANT. It essentially means that if Roger blesses what has transpired, it is meeting the HIGHEST standards of corporate responsibility. And if what I believe Urban is bringing to the table through Roger is what it is, this will be CRITICAL.
To recap:
I am 99.9% comfortable with dismissing the notion that Roger was brought on due to anything negative or to "bail out" Urban. I am 99.9% comfortable with the fact that Roger Glenn in no way would take on a pink sheet company trading at .0001 if he had ANY suspicion of anything unethical. I am 99.9% comfortable stating that Urban has hired a partner and law firm that represent the highest standards of ethical and responsible securities law practice in the country.
And all this leads me to the conclusion that this is no mere "get me trading on the otc bulletin board situation". No, my (endless) rambling above leads me to believe that this must be a situation of MONUMENTAL significance.
I am sorry this took so long to type. I hope people found it helpful. I have harped on the significance of this firm and man from day one. I felt it important to expand upon why this is the single most important hint to everything that has transpired so far. Good night and please have a wonderful Father's Day to all the dads out there. Hopefully next year for Father's Day, everyone will be considerably better off in life thanks to this investment. Take care.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
posted
Lets look at the value of CMKX this way. We will a « Thread started on: Jun 19th, 2004, 9:54pm » Lets look at the value of CMKX this way. We will assume the worst case scenario and assume the O/S is equal to the authorized of 500 billion.
I will calculate a value by multiplying the 1.4 million acres of claims owned by CMKX by variable amounts of cash per acre. I will then divide that total by the 500 billion shares to attain a theoretical value. Here is a link to a pdf map of the current claims and the currently known and discovered kimbelite bodies so far. http://casavantmining.com/images/17x11_Oct03.pdf
After having looked at the map, ask yourself this - how much do you think CMKX's claims are worth to someone like DeBeers or one of the other companies up there.
I bought CMKX at .0001 per share. This equates to a value of $35.70 per acre.
Friday closing price was .0006. This equates to $214.30 per acre.
Again, ask yourself how much are those acres or claims worth? I have no idea but I would think much more.
Now ask yourself this, what if they do hit a diamond mine at the bottom end of the average going mine value of 40 billion dollars. 40 billion / 500 billion O/S = 8 cents a share. That does not even include the value of the other claims they own and does not take into account the appreciation of the claims surrounding this new diamond mine.
Now ask yourself this, is CMKX currently fairly valued and what if the O/S is not 500 billion. What if the O/S is only 20 - 50 billion. How much are we worth then? -----------------------------------------
Re: Lets look at the value of CMKX this way. We wi « Reply #1 on: Jun 19th, 2004, 10:30pm » I really think this is one of the reasons, besides moving to a better exchange, that they want to become a reporting company. When they become a reporting company then they will put a value on their 1.4 million acre claim. Lets say there are only 50 billion shares outstanding and I have no idea what the claims are worth but lets just say they are worth $10,000 for each acre. Just the assets of the mineral rights alone with no PE or any thing else figured into it would bring the PPS value to 28 cents.
I think everyone has big expectations for their investment but I don't think anyone has captured the effect the first filing is going to have on the PPS.
That was an impressive, honest and objective report. Question? Why not Cravath, Millbank Tweed, and so many others...all of whom have many securities counsels as opposed to a firm with only one? Doesn't that make more sense?
posted
Hey people. I don't know why your so hard on Wallace#1. Every thing he listed is pretty much true. You may not like it but thats just the way it is. If you want the stock buy it, but use caution. If you don't move on or sell. Take your pick.
Posts: 474 | From: Central PA | Registered: Oct 2003
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posted
Exactly my point. He needs to stop posting and move on (since he sold his CMKX) and get back when he buys at ".0001". He is not contributing anything, just bashing the people and CMKX.
Have a nice weekend everyone. GLTA
quote:Originally posted by timberman: Hey people. I don't know why your so hard on Wallace#1. Every thing he listed is pretty much true. You may not like it but thats just the way it is. If you want the stock buy it, but use caution. If you don't move on or sell. Take your pick.
[This message has been edited by TruthTeller (edited June 20, 2004).]
posted
I really don't have a position on the company, although I do own the stock, but to answer your question, it may be because he has a negative, yes, negative spin on almost everything that is said. He just seems to spend way too much time and energy trying to convince people to either not buy this stock or to sell it, by attempting to discount anything positive that anybody says. I think maybe people just question his motivation for that undertaking. I'm not pointing fingers, it doesn't matter to me one way or the other. I have formed my own opinion of the company without the help of windbags. That's just my take on what may be driving the people's emotions. have a great day.
Kev
quote:Originally posted by timberman: Hey people. I don't know why your so hard on Wallace#1. Every thing he listed is pretty much true. You may not like it but thats just the way it is. If you want the stock buy it, but use caution. If you don't move on or sell. Take your pick.
Posts: 78 | From: beaufort, sc, usa | Registered: Aug 2003
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quote:Originally posted by Wallace#1: Truth Teller,
That was an impressive, honest and objective report. Question? Why not Cravath, Millbank Tweed, and so many others...all of whom have many securities counsels as opposed to a firm with only one? Doesn't that make more sense?
Have seen your posts elsewhere (re nutrader). Typical of you! You wish you had one. Instead, you have your head stuck somewhere exceptionally dark...bet you think that's a tasty morsel there too! I think it stinks like fish or sh*t!!! Ha, Ha, Ha,!
From TSBB thread: Az...Cats to nutrader: 1,000,000 shares. That's about $5700.00 as we "speek". Rather large investment for a newbie and it down. "Your" full of it!!!
Are all of you pumpers on this thread that way?
[This message has been edited by Wallace#1 (edited June 20, 2004).]
quote:Originally posted by kguts11: I really don't have a position on the company, although I do own the stock, but to answer your question, it may be because he has a negative, yes, negative spin on almost everything that is said. He just seems to spend way too much time and energy trying to convince people to either not buy this stock or to sell it, by attempting to discount anything positive that anybody says. I think maybe people just question his motivation for that undertaking. I'm not pointing fingers, it doesn't matter to me one way or the other. I have formed my own opinion of the company without the help of windbags. That's just my take on what may be driving the people's emotions. have a great day.
Kev
Does anyone truly knows what will happen.. No one knows. People are all claiming to be experts and then the stock shoots up to .01 or .10. Like Qbid when it was at .0001 and all the bashers came out when it started to move..the same Qbid now and it's hanging out around the same pps and the bashers are out again. I am a reformed basher of CMKX..I use to bash out of frustration. When it started to move I became less skeptical..I am still wary but I made money and I am content for the time being. Good luck to all
posted
Your investment was up 1200%!! DID YOU SELL? Probably NOT. That is the problem with some investors they are too greedy! Some of you bought at .0001 and will probably keep the stock until it gets back to .0001! So in the end you gain NOTHING!!
I think this would be a bad investment at this point. If your a NEWBIE DO NOT PUT ALL YOUR MONEY INTO THIS ONE. This may still be a lotto ticket but its a bit more expensive now then at .0001.
[This message has been edited by osubucks30 (edited June 20, 2004).]
i see where CMKX could be a viable company if it is handled properly.
quote:Originally posted by Nikodemis: wallace...i doubt that you are on this board to save all of it's members from tragic losses in this stock. if you are so certain that this stock is such a bad investment, get out of it and leave this board. if you don't like it, don't buy it... i don't understand people who want to waste their time pointing out how bad a stock is when they can spend that time finding something that is truly worthwile. i think cmkx is about as much a scam as qbid was. for god's sake wake up man.
Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004
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posted
This is no QBID just look at the volume on this stock! QBID has volume but not this much. IF THE STOCK GOES HIGHER THE VOLUME WILL HAVE TO STAY HIGH. I do not believe new investors will come to this stock.
THE ONLY REASON THE STOCK HAS NOT WENT BACK DOWN IS BECAUSE PEOPLE WHO ALREADY OWN IT WON"T LET IT!!!
Some have tens of millions of shares. Then once the price drops they buy more. A RUN cannot be sustained like this!!!
Look at friday billions traded and the price was down. THE MM's now have hundreds of millions more shares to keep the price down.
The huge volume also could be because people are buying huge amounts of this stock and shorting it!!
[This message has been edited by osubucks30 (edited June 20, 2004).]
posted
I mean your NEW mail. Happy Uncle's Day to you, too. Try not to gay up this thread, though. I know you can't help it.
Posts: 1210 | From: Virginia | Registered: Feb 2004
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quote:Originally posted by Booty Quest: I mean your NEW mail. Happy Uncle's Day to you, too. Try not to gay up this thread, though. I know you can't help it.
Ok, I'll butch up to do my part, but you'll have to do it too!
Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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oh, and still no new mail... but i'll keep checking.... don't know if i want to blow up comcast or road runner at this point!.. Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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i'm just hanging on to this sucker until they find diamonds the size of my head... or, until they go bust and i kick myself in the a$$ for not taking all of my profits..
Let's hope we get good news of some sort this week.
Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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posted
You know, I discovered with Netscape that if you have mail on a tab and click on it, it doesn't update. Then if you hit reload it ALSO does NOT update. You actually have to hit the mail bookmark to get new mail. Try that.
Posts: 1210 | From: Virginia | Registered: Feb 2004
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my post from last week "Guess we will have a wave of new posters today since CMKX board down. Like DOJI last nite said some real idiotS over there" JUST CALL "THE PROFIT" VAN PS. Money Penny ! Been reading posts. Didn't mean necessarily for YOU TO ACCEPT that phrase. Can I change my mind in YOUR case?
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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