quote:Originally posted by Earth_Shaker: CMKX. Remember this. Very significant... Urban Casavant placed CMKX shares in escrow with a law firm and filed with the SEC stating that shares would not be traded for 3 years. Very significant IMO... UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 17, 2003
CASAVANT MINING KIMBERLITE INTERNATIONAL, INC.
(Exact name of Registrant as specified in charter)
Nevada 0-26919 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification)
1481 W. Warm Springs Road, Suite 133, Las Vegas, Nevada 89014 (Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702) 946-6747
ITEM 9. REGULATION FD DISCLOSURE
On April 15, 2003, Casavant Mining Kimberlite International, Inc. ("CMKI") entered into an agreement with Urban Casavant, President of the Company, whereby Mr. Casavant agreed to place his shares of CMKI common stock in escrow for a period of three (3) years. During the period of time in which Mr. Casavant's shares are in escrow, Mr. Casavant has agreed not to sell, pledge, or otherwise dispose of any of the shares placed in escrow. However, Mr. Casavant does retain all other rights afforded to him by virtue of owning the shares, including voting rights and rights to dividends and other distributions.Mr. Casavant's shares are being held in escrow by the Law Offices of Thomas C. Cook, Ltd.
I think if you look at one of the other filings, you will see that his shares total that he put in escrow was 600 Million shares. Now that could say two things. The one that stands out the most is that you would think that his shares would total a fairly significant portion of the total O/S. Lets say that he was to control 10% of the stock, that means that the O/S would have to be at 6 Billion.
Now that means one of two things. A: that the O/S isn't as high as expected and/or B: that there is going to be a big reverse split coming before he reclaims those shares.
Will be interesting to see what happens.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
Oh well, if this new articlie scares of any weak links, my buy order from yesterday for 1M at 0005 fills.
Posts: 722 | From: Atlanta | Registered: Feb 2004
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quote:Originally posted by noahltl: There's nothing new in this article that those of us who are following and doing DD did not already know. I don't think it's bashing, just a recap.
You are correct. For those who followed this thread and one before, this is not new news.
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
posted
Looks like its going to be another 2 billion volume day with no movement. May actually be down today. Bouncing between .0005 and .0006!
Posts: 1458 | From: Ohio | Registered: Mar 2004
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quote:CMKX. Remember this. Very significant... Urban Casavant placed CMKX shares in escrow with a law firm and filed with the SEC stating that shares would not be traded for 3 years. Very significant IMO... UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 17, 2003
CASAVANT MINING KIMBERLITE INTERNATIONAL, INC.
(Exact name of Registrant as specified in charter)
Nevada 0-26919 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification)
1481 W. Warm Springs Road, Suite 133, Las Vegas, Nevada 89014 (Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702) 946-6747
ITEM 9. REGULATION FD DISCLOSURE
On April 15, 2003, Casavant Mining Kimberlite International, Inc. ("CMKI") entered into an agreement with Urban Casavant, President of the Company, whereby Mr. Casavant agreed to place his shares of CMKI common stock in escrow for a period of three (3) years. During the period of time in which Mr. Casavant's shares are in escrow, Mr. Casavant has agreed not to sell, pledge, or otherwise dispose of any of the shares placed in escrow. However, Mr. Casavant does retain all other rights afforded to him by virtue of owning the shares, including voting rights and rights to dividends and other distributions.Mr. Casavant's shares are being held in escrow by the Law Offices of Thomas C. Cook, Ltd.
Earth, What significance do you attach to this? Compared to how many of the current shares he probably holds, it's meaningless in my opinion. If there are in fact billions and billions of shares outstanding now, how many of them do you think Mr. Casavant holds or sells on a daily basis. It renders the escrowed shares virtually worthless as mere pocket change.
quote:Originally posted by Upside: originally posted by Earth_Shaker: Earth, What significance do you attach to this? Compared to how many of the current shares he probably holds, it's meaningless in my opinion. If there are in fact billions and billions of shares outstanding now, how many of them do you think Mr. Casavant holds or sells on a daily basis. It renders the escrowed shares virtually worthless as mere pocket change.
Isn't that insider trading if he buys and sells shares on a daily basis? Not being smart here just wondering. Maybe I am not understanding what insider trading means.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
To follow up on the work Paul did this morning:
Within the last 1/2 hour I just spoke with Bob Green of the SEC at 1-800-SEC-0330, with the dept of individual investors and market regulation.
There is no deadline date for a company to register their shares with the SEC. Registering shares with the SEC is either done by IPO (Initial Public Offering) or through registration of existing authorized and outstanding shares. When asked, he advised that registered shares would always be shares that have been audited in accordance with accepted practices.
He advised that although he is not an expert on the OTCBB, he knows of no filing deadline. To get on the OTCBB, conditional requirements must be met.
So again, based on Paul's call this morning and mine just now, Paul states the OTCBB informed him there is no deadline when to file with them. This is consistant with my call to the SEC. Also note in the link, filing with the OTCBB only requires conditional threshholds be met, not filing deadline dates. So rest easy all if the 6-23 date passes and no pr or filing has been complete. I trust attorney Glenn is well verse in these matters far beyond our humble posts, and will act accordingly in due time.
Be well, Bo
Posts: 256 | From: Altoona, Pa, USA | Registered: Feb 2004
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posted
Everything I find so far supports this information.
Spoke w/ OTCBB again, This time it was explained to me that the SEC will be contacted by them if they file for lisitng.
They can but do not in all cases go look for themselves at the filings.
They more than likely will just call the SEC and ask "are all the filings current for the last three years"? Basicly getting a thumbs up or down. On if all is well with the SEC.
I did notice the last thing filed with the SEC was a form saying "we will not be filing".
The OTCBB people ask me about this, aparently there is a different proceedure for getting listed if they just stopped filing and if they filed that form that said "we are not going to file".
Bo, Thanks for the follow up.
PAUL
quote:Originally posted by Bo14172: To follow up on the work Paul did this morning:
Within the last 1/2 hour I just spoke with Bob Green of the SEC at 1-800-SEC-0330, with the dept of individual investors and market regulation.
There is no deadline date for a company to register their shares with the SEC. Registering shares with the SEC is either done by IPO (Initial Public Offering) or through registration of existing authorized and outstanding shares. When asked, he advised that registered shares would always be shares that have been audited in accordance with accepted practices.
He advised that although he is not an expert on the OTCBB, he knows of no filing deadline. To get on the OTCBB, conditional requirements must be met.
So again, based on Paul's call this morning and mine just now, Paul states the OTCBB informed him there is no deadline when to file with them. This is consistant with my call to the SEC. Also note in the link, filing with the OTCBB only requires conditional threshholds be met, not filing deadline dates. So rest easy all if the 6-23 date passes and no pr or filing has been complete. I trust attorney Glenn is well verse in these matters far beyond our humble posts, and will act accordingly in due time.
Be well, Bo
------------------ A soft answer turneth away wrath: but grievous words stir up anger.
posted
I think the new article is definitely slanted in a biased way and I would call it a 'bashing' style. The writer talked about the recent press releases of unimportant things like the message board shut down but conveniently leaves off the ones about the law firm helping the company to become reporting again, the audit and the move to a new exchange and the probably true rumor of the shorted shares. Also, in fairness the other mining companies just released the results of their core sample tests taken last fall and spring. Ours will be given soon. This smacks of bash style for a buck. I'm not selling but if they can bring the price down I will be buying. Looking forward to seeing this play out.IMO--DD-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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quote:Isn't that insider trading if he buys and sells shares on a daily basis? Not being smart here just wondering. Maybe I am not understanding what insider trading means.
Leardron, In most cases insider trading is not illegal. Officers buy and sell their stock all the time. In the normal course of business, there's nothing wrong with it. It becomes illegal when an officer is in possession of non-public information about the company, and buys or sells based on that, or tips off an acquaintance to buy or sell because of this information. In any event though, I believe in CMKX's case he could buy or sell at any time he want's as they are a non-reporting company.
quote:Originally posted by Upside: originally posted by Leardron: Leardron, In most cases insider trading is not illegal. Officers buy and sell their stock all the time. In the normal course of business, there's nothing wrong with it. It becomes illegal when an officer is in possession of non-public information about the company, and buys or sells based on that, or tips off an acquaintance to buy or sell because of this information. In any event though, I believe in CMKX's case he could buy or sell at any time he want's as they are a non-reporting company.
Okay, thanks for the clairification. I never totally understood it.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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quote:Originally posted by WWJD-thru-me: I think the new article is definitely slanted in a biased way and I would call it a 'bashing' style. The writer talked about the recent press releases of unimportant things like the message board shut down but conveniently leaves off the ones about the law firm helping the company to become reporting again, the audit and the move to a new exchange and the probably true rumor of the shorted shares. Also, in fairness the other mining companies just released the results of their core sample tests taken last fall and spring. Ours will be given soon. This smacks of bash style for a buck. I'm not selling but if they can bring the price down I will be buying. Looking forward to seeing this play out.IMO--DD-Debi
I agree it's slanted. Just didn't see anything that woould cause an informed investor to hover over the sell button. So many reporters are 'pimps' for the big money people like MM's, DeBeers, etc. I'm not saying this guy is one, but we have to be as careful about what we read in the media as we are about the "bashers" here.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
Debi I liked your post on the other thread about bashers, may be you should repost it here. I was going to ask you there, but all I would do is bump the thread up again. Thanks.
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
posted
Thanks TW here it is: All longs on this stock. Please don't even reply to bashers on this thread. Bashers are paid on the piece rate. They can earn up to $6.00 an hour plus tips if you use their name or respond to their posts. The people who are short in this stock are fairly desperate. If they drop the price-we will buy the shares they need. So they need to get people to sell at this price especially if they bought higher. This is really tough. They need a lot more shares than any of us have been willing to sell. I am holding my 22 Million + shares like a pit bull on a piece of raw meat. They will need to raise the price to about .05 and I will think about it. That would be over $1,000,000.00 profit and might get my attention. We'll see. It may be worth much more than that. Time will tell and I can wait. IMO-DD-Debi Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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quote:Originally posted by osubucks30: Looks like its going to be another 2 billion volume day with no movement. May actually be down today. Bouncing between .0005 and .0006!
Osubucks: You started your own CMKX thread. Why are you here???? Too hot on that one????
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
I just wanted to post the comments to the article on the stockwatch page. This is an exact copy of what is there with no deletions. They didn't get one comment agreeing with the writer. -Debi
Reader Comments - Comments are open and unmoderated, although abusive remarks may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
What kind of one sided article is this? This sounds like something you would read in some daily rag. Please realize people this guys opinion is worth no more then anyone elses. In fact with some of the things he left out I would say to discount it all together.
Does the hiring of a partner from a major lawfirm such as Edwards & Angell in order to get back on the OTC as a reporting company as quickly as possible qualify as an "entertaining press release"? Or is it simply one of the many positive pieces of information about CMKM Diamonds that the author has consciously omitted because it don't conform with his desire to launch a negative smear campaign against this company?
A blatant attempt to damage CMKX is proven here in this article. It is obvious who these people work for and with the non-stated facts regarding CMKX is also proof of this.
Where are the lab results Mr. Purcell from the CMKM drilling? Have you seen the other lab results from the multiple other pipes? Unless you have documentation from the lab, from CMKM, or Roger Glenn, I would hold on comments. The shareholders of CMKM Diamonds are waiting for the PR and will not sell 1 stock until a PR is released by the company.
Only people with journalism skills are allowed to complain about multiple explanation points!!! You don't qualify Mr. Purcell!!! lol, no wonder he's working at StockWatch!!!
Be careful how you take anything from stockwatch..That website is nothing more than just another message board..This recent article is obviously one individual's writings that have not been in any newspaper..Articles like pieces of this nature is to sway shareholders to a state of uneasiness..
There are many discrepancies with this article and the main one is the lack of mentioning of the law firm..
Don't you find it interesting that there are so many news releases and quite a few what is seemed as professional writtings only to have been completely fabricated.It seems to me that certain Market Makers and not bashers are behind this endeavor..This is another sign of things getting quite worrisome for the market makers.
It would be better journalism for StockWatch to reference sources. Conjecture and assumption are both very immature journalistic practices. Since StockWatch has chosen not to reference sources then I must conclude that most, if not all of the above assumptions made by Will Purcell are based on his knowledge alone.
"CMKM's Smeaton play began in March..." what play??? "Those plans hit a big snag..." what plans??? "a fraction even smaller than CMKM's recent share price..." journalistic freedom to be sarcastic??? "Based on earlier work on the Smeaton play, there should have been few surprises in any of the recent results form Smeaton..." source??? "As a result, what CMKM now calls its new Carolyn pipe is actually the old Smeaton kimberlite..." conjecture/fact, based on what???? "Entertaining press releases are not the only unusual quirk with CMKM..."more journalistic freedom to be sarcastic???
The fact that the De Beers Canada Corp. and Kensington Resources Ltd. group find the area to be profitable and reside as abutters to the CMKX group's property has been washed over by Will. I would think that with a little more journalistic knowledge that Will, would have found that the same pipe runs through both properties. Is Will a broker, diamond dealer, miner, SEC representative or in any way professional enough to make the assumptions made above? I think not. Will has gathered a lot of information and has then decided to use his imagination and hearsay to write a "Professional" (sic) article about a company without actually doing basic journalistic due diligence. Unbelievable all I can say. The fact that StockWatch published this article without any disclaimers at all leads me to believe that they also concur with Will's wildly imaginative assumptions. I therefore, have come to my own conclusion that StockWatch is not putting out reliable information and I must discontinue using StockWatch as information tool. Also, I feel compelled to voice my opinion to all of my stock "Buddies". Sorry and goodbye... cya wnwtby
Started question QBID on April 21!! It was at .018 has fallen since! Now at .012 thats a 33% decrease. I do not just bash a stock I just think this has more of a chance seeing .0001 before seeing .001!!
quote:Originally posted by osubucks30: ...DO NOT OWN AND WILL NOT BUY!
Ok, so you've made your choice, the next step is for you to move on... otherwise, you must not actually believe that... You'd only stay if you thought you were going to miss something. Adios!
Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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posted
stockwatch was pissed @ the fact there PR was claimed to be a FAKE "Those details presented a far gloomier outlook for the pipe than had CMKM's brief proclamation that the lab results had confirmed Carolyn was diamondiferous, leaving a number of the company's more exuberant faithful to speculate loudly that the Canadian news had been faked."
posted
Some of you invited osubucks30 here, and now we all will be paying price for seeing junk again. Thanks. :-0 Just do not respond to bashing or name calling posts and we all be happy again. :-) ------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
[This message has been edited by TradingWizard (edited June 22, 2004).]
posted
Insider trading is an extremely important signal on larger stocks. Is it possible that one reason UC delisted was to make the trades without reporting? VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
Van, I guess it would depend on which theory surrounding this stock you subscribe to. If you believe he is a less than honest man, it would make all the sense in the world. Release news that you think will drive the pps up, print and sell shares all day long, make a fortune. Do it over and over again, make many fortunes.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
The more bashers bash a stock, the more the stock looks interesting to me. They don't bash loosers.
Posts: 580 | Registered: Oct 2003
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I don't know were this drill site was, but I do know CMKX has sites in and around Shore Gold and De Beers Were said to be nonmagnetic Kimberlite was over looked.
[This message has been edited by CB (edited June 22, 2004).]
I don't know were this drill site was, but I do know CMKX has sites in and around Shore Gold and De Beers Were said to be nonmagnetic Kimberlite was over looked.
[This message has been edited by CB (edited June 22, 2004).]
posted
Van-One of the rumors is that UC stopped reporting so he could buy back shares without reporting and stick it to the MM's who were shorting his stock. I do subscribe to this theory and I hope it is correct. I am confident that this company will be forthcoming with the share count, the number of short shares, any and all partnership agreements and the lab reports of various core samples. --------------------------------------------- It is getting a little old to hear the same old questions-the truth is still the same answer. Meaning that the half truth crap in the article that was posted from stockwatch that invites the longs to answer have all been answered on the previous 40+ pages. If they are not satisfied with those answers we don't have anything new to offer. But we will when we get the press release from the company that we are waiting for. The number of O/S has not been released yet and is unknown by the investors at this time. The quality law firm and lawyer hired by CMKX to give immediate attention to problems facing our company is one of the PR's that the article writer neglected to mention along with the fact that the company is in the process of working to become a reporting company again. Is any of this news to you? Why waste our time? The company believes there is a large naked short position in this stock and is forcing the issue by an audit and subsequent change of transfer agent. Not mentioned by such a high caliber newswriter? Who wrote it? Was it the Wall Street Journal. No? The National Enquirer? No, not even the caliber of the National Enquirer. No, Will gets to write his one sided stories for Stockwatch. I wonder who pays for that. --------------------------------------------- GLTA-IMO-DD-Debi We need a better quality of bashers on this board. They sent in the second string or they are in bigger trouble than they want to believe.
[This message has been edited by WWJD-thru-me (edited June 22, 2004).]
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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quote:Upside-It is getting a little old to hear the same old questions-the truth is still the same answer. Meaning that the half truth crap in the article that was posted from stockwatch that you invite the longs to answer have all been answered on the previous 40+ pages. If you were not satisfied with those answers we don't have anything new to offer. But we will when we get the press release from the company that we are waiting for. The number of O/S has not been released yet and is unknown by the investors at this time. The quality law firm and lawyer hired by CMKX to give immediate attention to problems facing our company is one of the PR's that the article writer neglected to mention along with the fact that the company is in the process of working to become a reporting company again. Is any of this news to you? Why waste our time? The company believes there is a large naked short position in this stock and is forcing the issue by an audit and subsequent change of transfer agent. Not mentioned by such a high caliber newswriter? Who wrote it? Was it the Wall Street Journal. No? The National Enquirer? No, not even the caliber of the National Enquirer. No, Will gets to write his one sided stories for Stockwatch. I wonder who pays for that.
Debi, The point I was trying to make is that no one is truly interested in hearing both sides of this particular story. If that had been a positive article which failed to mention some of the negative aspects of the company, you and all the other supporters here would have lauded it as the gospel truth. Granted, it did fail to mention the law firm and the transfer agent audit but the negative points that he brought out are well founded and to me anyway, are very real concerns as they should be to everyone. I guess we all have somewhat of an agenda here but more and more, it seems as if you post the slightest negative comment on this stock, it turns into a witch hunt.
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cya wnwtby
