posted
Grasshopper, I don't think the transfer agent would handle the filing though. That has to come from the company. Granted, it is information that would be gleaned from the transfer agents records but the company itself has to do the filing. My opinion is that a decision was made by someone, probably the attorney, to switch agents and it turned into an unmitigated disaster. Somewhere along the lines the o/s leaked out, I believe that Pacific took a look at the corporate records and walked away and then Urban panicked. He quickly formed his own TA business and Mr. Glenn probably had to rope him in and send him crawling back to First Global. It just seems like one wild stretch of the imagination to think that this was somehow planned and is a part of some grand "master plan".
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Wallace#1, I've got to admit that there are times you really piss me off (yesterday) and there are others (most recent post by you) that I can't help but be impressed and really do believe your background story.
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How dare anyone even suggest that the T/A f*ckup is part of a "grand plan". Anyone selling that nonsense send my way. As harsh and clusmy as I am I would still be able to con them of their worldly posessions.
[This message has been edited by will (edited July 08, 2004).]
posted
Urban Legend - an often lurid story or anecdote that is based on hearsay and widely circulated as true. Examples: Urban is a genius, Urban has a plan, Marvin has expertise, Marvin is a PR guy.
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I do appreciate the input and pardon my ignorance, but everything I've read this evening points to the fact that different TA's offer varying services.
For example, some act as an EDGAR filing Agent while others don't seem to offer that service. Perhaps this is something CMKX could have filed, but with the timing it may have been more prudent to be assured of an accurate and complete filing done by a TA that handles these things all the time.
Will..."how dare me"??? Get off your high horse. You're as in the dark as everyone else in here. Let people have a little fun theorizing. There's not much else to do until some official statement is made. Try and provide some actual evidence that it was a "f*ckup" other than saying "how can in not be."
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Grasshopper, Do you actually believe this was done by design? I said nothing personal to you believe what you like. I just think it is terribly unfair that a lot of folks here can read BAD news, and spin it with speculation and conjecture and try to make it sound POSITIVE. These guys running this show are clowns. If I'm wrong, good for me I will be able to get .10 a share then, but I think professional gamblers call that a longshot, while these guys being able to f*ckup a cream pie is called an odds on favorite.
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quote:This confirms we own Zinc and Junia was an acquisition, so we already own Gold mines and diamonds in Brazil.
Raider, I don't know about the zinc claims but CMKX does not own Junia. Here's the statement pulled from the SEC filing that you linked:
Juina Mining Corp.
As previously announced on December 4, 2002, the Company entered into a Letter of Intent to acquire Juina Mining Corp. (Pink Sheets "GEMM"), a diamond company with working interests in producing diamond fields in Brazil. The negotiations are still on-going with no definitive closing date. The election of Messrs. McFadden, Bending, and Taulli are subject to the completion of a definitive agreement between the Company and Juina Mining Corporation. The Company believes that these negotiations should be completed before March 1, 2003.
Juina is now owned by UCAD (which some have speculated is one and the same as CMKX). Here is a pull from one of their recent p/r's:
4/7/2004 12:12:00 PM LAS VEGAS, Apr 7, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals Inc. ( UCAD ), through Juina Mining Corp. (Pink Sheets: GEMM), whom UCAD holds a majority interest in, announced today that the company has signed an agreement to acquire Yellow River Mining S.A.
There is a chance that CMKX is a minority holder but UCAD is clearly the majority owner.
posted
Now that is the most believable speculation I have seen in a long time. Funny you should mention UCAD, UpMan. They sure got a sweetheart deal on the last lease agreement with CMKX, what was it? $50,000 split three ways, and they had to invest $200,000 developing in the next year? Wow! $50,000! That should have sent the PPS skyrocketing.
quote:Originally posted by tradingpennys: " Maybe there would be a reason for UC to file a Canadian registration statement??? Merger???"
The property and the Co.'s second home is in Canada.
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Maybe smarter or not than we could really know. Me, it's all about the working man...the geologists,D. Glenn,the drillers,and hopefully coming soon...the miners.
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Hi Wallace, I have no doubt that the company did a full audit of their business as well as account for every share. Glenn's background was as a CPA and I expect that every i will be dotted and t crossed when all is said and done and filed. --------------------------------------------- Upside-For the record I usually disagree with both you and Wallace but I haven't doubted his background story. I think I posted to that effect previously. It didn't even make be blink that some of the ways of the pink sheets and OTC were foreign to him. --------------------------------------------- will-as far as the TA being changed I am not ready to call it a screw up. I am not going to call it brilliant or anything until I see how the company ultimately explains it. There are a few possible theories that are credible. They do appear to be moving along with what they said they are going to do. I am still glad to have all my shares. Keep up the DD-GLTA-IMO-Debi
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I believe read somewhere UCAD paid most or all the money to Canadas Prov./Gov. for the drilling privileges.Am I mistaken?Merger is not out...UCAD up .30/11.11% today to $3.00.
[This message has been edited by highwaychild (edited July 08, 2004).]
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Darrenbaker-I just checked your profile and your email wasn't there. I will be around in the morning if you want to try to post it then for a while. Or if someone here knows your email and/or mine they are free to send mine to you and vice versa I assume. I am going to bed soon. Good Night All-Debi
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Well, I can't locate the PR, but I recall the $50K and the $200K. the $50K to split three ways between CMKX and the other two compamies involved.
quote:Originally posted by highwaychild: I believe read UCAD paid most or all the money to Canadas Prov./Gov. for the drilling privileges.
posted
Debi wrote: "will-as far as the TA being changed I am not ready to call it a screw up. I am not going to call it brilliant or anything until I see how the company ultimately explains it. There are a few possible theories that are credible."
I can't buy into it being by design. If it was a screw up, do you really think it will be explained, or never mentioned again.
No need to answer, that's just a rhetorical question, I think we know the answer.
I do not quite understand your post. The PR release was to the effect that someone else was suppose to do the audit...not the company. If the company, that is no audit.
I cannot remember when Glenn was retained and I am too tired to go back and look it up. However, if he wasn't retained as of the date of the release specified above, he had nothing to do with the phrasing of the release...but they did have a CFO who should have known the difference between a "company" audit and a shares count. If Glenn was retained prior to the release, then, both he and the CFO would have known better than to phrase the release as stated. That is why I can not understand your response.
[This message has been edited by Wallace#1 (edited July 08, 2004).]
Sorry, I had put in subsequently instead of prior to the release.
[This message has been edited by Wallace#1 (edited July 08, 2004).]
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Very interesting, UCAD, rumored to already be controlled by Urban, and a likely merger propect, orders an audit as well on July 1. Should add more fuel to the merger fire.
Jul 1, 2004 2:31:00 PM
Ridgeland, MS, JUL 01, 2004 (EventX/Knobias.com via COMTEX) --
U.S. Canadian Minerals, Inc (OTCBB : UCAD) filed an 8-K on 7/1, in which the Company reported that it engaged Child, Sullivan & Company, 1284 W. Flint Meadow Drive, Suite D, Kaysville, UT 84037,to be the Company's outside independent auditor.
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by at least 10 minutes. To get all Knobias alerts in real-time daily, visit http://www.knobias.com/cmtx
ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information.
posted
One requiremnt to be on some(if not all excahnges) is several years of filed financial reports.In the case of mining companys this would include reserves proved & estimated.These would show up on the consolidated balance sheet(assuming there are several subsidiarys). VAN
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quote:Well, I can't locate the PR, but I recall the $50K and the $200K. the $50K to split three ways between CMKX and the other two companies involved.
Is this it?
U.S. Canadian Minerals Announces Option 3/29/2004 11:48:00 AM LAS VEGAS, Mar 29, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals Inc. ( UCAD ) today announced that it has signed an Option Agreement with United Carina Resources Corp. ( UCA ), Consolidated Pine Channel Gold Corp. ( KPG ), and CMKM Diamonds Inc. (Pink Sheets: CMKX).
U.S. Canadian Minerals has the right to acquire an option to purchase a 25% interest in 27 mineral claims, which are comprised of approximately 22,447 acres. These claims are located in the province of Saskatchewan, Canada and were named the Smeaton Property by the optionor. The property is located in central Saskatchewan north of Fort a la Corne and situated within the boundaries of NTS 73-H-07. The grant of option shall be made in consideration of the total payment of $50,000USD. U.S. Canadian must spend or cause to be spent, an aggregate of $200,000 Cdn. on a program of exploration and development work on the property, on or before March 31, 2005 to complete the purchase. United Carina Resources Corp. shall retain 25% interest; Consolidated Pine Channel Gold Corp. will also retain 25%, and CMKM Diamonds will retain the remainder 25% interest.
posted
Will-I should have said ordered an audit. I would assume they did an internal audit at the same time or shortly thereafter. --------------------------------------------- This is a link from another board on the share count. It has all the filings on the shares and accounts for them. I will like going to sleep thinking this is correct. Hopefully some of you will find the error in this way of thinking and give a more accurate number. Good night-Debi IMO http://cmkx.proboards34.com/index.cgi?board=general&action=display&num=1089342253
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Ive heard in a couple places about a thee letter ticker symbol on the cmkx car now? Has anyone else heard that? Im thinking its just made up, but would like to be a bit more certain.
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Also, if UCAD is owned by CMKX as a shell, and UCAD bought Junia, then Urban has direct access to the revenues of a gold and diamond operation in South America.
It doesn't matter what name you put it under, Urban owns it. We have the revenue to sustain operations and that is what counts.
Suggest you pay no attention to that. They couldn't begin to meet the listing requirements of the Amex.
Are you sure? I got this from another forum..CMKX to the AMEX without R/S or $3 PPS...
I went to http://www.amex.com, checked the AMEX listing conditions for U.S. companies and it looks like CMKX can get listed at the AMEX without an R/S and a $3 PPS because it meets Standard #3.
Here is Standard #3 (my comments in parenthesis):
- Shareholders' equity: $4 million (we easily beat that) - Total market capitalization: $50 million (our 1.4 MM acres should be worth more than that) - Distribution: 800 public shareholders and 500,000 shares publicly held OR 400 public shareholders and 1 million shares publicly held OR 400 public shareholders, 500,000 shares publicly held, and average daily trading volume of 2,000 shares for previous 6 months (no problem for CMKX) - Market value public float: $15 million (I believe we own more than that)
posted
Raider, I wasn't questioning the zinc claims. I was just pointing out that UCAD owns Juina, not CMKX. You might be right that UCAD and CMKX are one in the same but that is speculation as of right now.
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I am fairly sure, but not 100%. I do not know where you got the shareholders' equity from, but that is a balance sheet figure. To the best of my knowledge no such information has been released. In addition, I would bet they have a negative figure for shareholders' equity, not positive.
I would be surprised if those standards are the complete standards for an Amex listing. As VAN said above, they would have to show a track record of success.
As to the value of their assets, if I remember right, they provided the figure. It has not been independently verified to the best of my knowledge and, certainly, 2 micro diamonds are no substantiation of value.
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Here are the four listing standards from the AMEX web site. I don't see how they could meet any of them:
Listing Standards for U.S. Companies The American Stock Exchange has established certain quantitative and qualitative standards for the initial listing of U.S. companies.
Quantitative Standards Standard 1
Shareholders' equity $4 million Pre-tax income $750,000 in last fiscal year or in two of the last three fiscal years Distribution1 800 public shareholders and 500,000 shares publicly held OR 400 public shareholders and 1 million shares publicly held OR 400 public shareholders, 500,000 shares publicly held, and average daily trading volume of 2,000 shares for previous 6 months Price $3 Market value public float $3 million
Standard 2
Shareholders' equity $4 million History of operations 2 years Distribution1 800 public shareholders and 500,000 shares publicly held OR 400 public shareholders and 1 million shares publicly held OR 400 public shareholders, 500,000 shares publicly held, and average daily trading volume of 2,000 shares for previous 6 months Price $3 Market value public float $15 million
Standard 3
Shareholders' equity $4 million Total market capitalization $50 million Distribution1 800 public shareholders and 500,000 shares publicly held OR 400 public shareholders and 1 million shares publicly held OR 400 public shareholders, 500,000 shares publicly held, and average daily trading volume of 2,000 shares for previous 6 months Market value public float $15 million
Standard 4
Total market capitalization $75 million OR total assets and revenue of $75 million each (in most recent fiscal year or 2 of last 3 fiscal years) Distribution1 800 public shareholders and 500,000 shares publicly held OR 400 public shareholders and 1 million shares publicly held OR 400 public shareholders, 500,000 shares publicly held, and average daily trading volume of 2,000 shares for previous 6 months Price $3 Market value public float $20 million
1 Public shareholders and public float do not include shareholders or shares held directly or indirectly by any officer, director, controlling shareholder, or other concentrated (10 percent or greater) affiliated or family holdings.
posted
Well, I had enough for today. I have to quit posting here before y'all wind up hating me, if you don't already. I want to see this company become successful, and do all the things it has said it would. Some of you might be correct in taking the position that it will happen in due time, and on their terms. It's just difficut for me to accept that. I paid for my ticket, so I do get to boo or cheer when I think it's appropriate.
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quote:Originally posted by will: noah, Connecting the dots?
Will the 'dots' have been connecting for quite awhile for me. DOTS = BBX Equity (the big money controlling everything) Barrington / UCAd, Juina, NevCan yada yada, multiple corporations. The web that this covers is too large for anyone to ever be able to put together completely. But I truly believe we have control over UCAD through Urbans connections with BBX Equity. If we merge with them,(actually ourselves)we become a fully reporting company on the OTC, because they are already there. Saves a whole lot of paperwork doesn't it? I think we are just putting together audits and share counts to facilitate the merger / acquisition. Hmmmm thats Rogers specialty isn't it? So yes, that's how I see the dots connecting.
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