I Just spoke to Melvin...I'M A BELIEVER NOW!! « Thread started on: Today at 4:08pm »
-------------------------------------------------------------------------------- Melvin just called me back at 2:55 p.m. CST. I honest to God didn't think the man would call me, but he did and now I believe those "I spoke to Melvin posts" now, and I didn't really believe them before. Here's what scoop I got out of him. I didn't want to keep him on the phone too long and hearing the call come in when our receptionist paged me really caught me off guard. I wish I had written down the questions I wanted to ask him but here's what I got.
o you live in Canada? I live about 40 miles from the Fort la Crome site.
Have we drilled any more holes since those 5 at the Carolyn? No. We are getting permits and have been negotiating that for about three weeks now.
Are we headed for the Oreo Cookie site? That’s exactly where we’re headed. I hope to be drilling there in the next day or two. I told him I couldn't imagine us going to any other site with that one sitting there.
Where are the results from the other core samples? I hope those come out next week. I’m not promising that they will, but they should be. They are backed up and those guys test for everything in the world.
Have we bought a new drilling rig? They’re supposed to be putting one together. I wish we had about 3 more of them.
Are there any buyout discussions going on? I can’t comment on that and that’s not my department.
Were there any other minerals that are saleable found in the core samples? They weren’t testing for any other minerals and wouldn’t find them unless they were testing for gold, zinc, etc, unless there was just a big old chunk of it in there it wouldn’t show up at all. We were testing for diamonds!
Also said he won't be going on IBC anymore.
When they start back drilling again he said they would start updating the web site about once a week with progress reports on the drilling.
LOL He said “Anytime you have any questions just pick up the phone and call Uncle Melvin!” He must have got this from the old message board. LOL
Sorry I doubted all those posts. Wish I had thought of more questions to ask him. Hell of a nice fellow. I am now A BELIEVER!!!
quote:Originally posted by HarryHar: From post right above---
They are backed up and those guys test for everything in the world.
------- and then the caller goes on to ask Melvin, did they find any other minerals? He answers, no, they only tested for Diamonds.
Either this is a huge contradiction, or he means that they test for EVERYONE in the world. Hmm...
Good catch. When I first read it I assumed he was reffering to "everyone" instead of "everything". But it's a perceptive catch. Could indeed be a contradiction.
And the speculation continues. Insert suspensful music tag here.
posted
I would take it that the Forensic Lab they send it too is also backlogged with other forensic testing items.
I know from a Forensic Science class that the labs in New York and the surrounding area are always busy since hundreds of companies send things to be tested as well as governmental agencies (police,ect.)
I would imagine that they could always test the core samples another time for other elements. Since the core samples would not be thrown out, they can be saved and then retested. That would be more of an issue of paying for additional tests on core samples that have already been drilled.
I will take it that we look for diamonds first, then later on we can test the samples for what ever precious materials may be down there. That is just my opinion.
If we have diamonds we can then use that money to test and drill for second-tier materials like gold, silver, copper, ect.
posted
From my understanding they have two rigs. One was broken and one running.
Anyway, my find for the night comes from RB.
Seems someone googled the words Urban and Petro and found an old article that UC was leaving Petro because it was being shorted to death by Canadian stock people.
It seems this time around UC may have planned how to win the game.
Another search on Urban and Petro turned up a statement in 1996 that Urban was leaving to find diamonds in Saskatchewan.
Short selling is the selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short selling is a legitimate trading strategy.
Typically, a short sale involves the sale of a security at the current price which is settled with shares lent to the short seller by a third party. The seller makes the short sale on the assumption that the price of the security will go down. If this occurs, the short seller will purchase shares to lock in a profit, extinguish the short position and replace the shares previously borrowed.
Of course, if the stock rises in price, the short seller may elect to close out the position through a purchase, and absorb the resulting loss.
Firms are required to report their short positions as of settlement on the 15th of each month. A compilation is published eight business days after.
Jim Dunn Jim Dunn Racing has signed CMKM Diamonds, Inc., as its primary marketing partner beginning in 2005. The multi-year agreement serves notice to the competition that the new CMKX/Lucas Oil Funny Car will race to win during the entire NHRA POWERade series.
To demonstrate the strength of this new partnership, CMKM has obtained a prominent associate-level spot on the K&N Filters/Lucas Oil Funny Car for the remainder of the 2004 season. In doing so, CMKM is proud to be associated with some of the most respected names in the automotive aftermarket industry.
"We couldn't be more pleased to be making this announcement at the half-way point of the season," team owner Dunn said. "With CMKM coming aboard early, it allows us to build our relationship and develop a high-impact campaign for the coming year. Starting in 2005, we'll be known as the CMKX/Lucas Oil Funny Car."
CMKM founder and Chairman of the Board, Urban Casavant, is a veteran in the precious metals industry, having almost 20 years of experience.
"I'm excited to be associated with Jim Dunn Racing," Casavant said. "This is a first-class operation, and with 'Big Jim's' know-how, our team will be in the winner's circle soon. In my opinion, our first big win will equal the excitement of discovering a new minerals claim."
CMKM Diamonds, Inc., is a mining and exploration company with abundant mineral claims in central Canada. The company has over 1 million acres claimed in the Saskatchewan Province of Canada. A great new alliance has been formed and all parties are ready for action.
posted
For those who like to receive news alerts, I found this cool feature from google. I am starting to like google more and more, simple and easy to use - can't wait for their gmail to come out. Here are the links:
quote:Originally posted by TradingWizard: For those who like to receive news alerts, I found this cool feature from google. I am starting to like google more and more, simple and easy to use - can't wait for their gmail to come out. Here are the links:
quote:Originally posted by tahoechris: gmail is out, for many of us
Thanks, I been hearing about it and did not even know that it is out already (or probably been out for a while), I just looked it up. I usually go to google.ca, and start searching, they are not like yahoo to have everything up front on the home page.
Addition to this...I just investigated more and looks like it is not available yet, still testing....
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
[This message has been edited by TradingWizard (edited July 15, 2004).]
You need not bother to email me...both barrels or otherwise. If you wish I can go back over all your posts and point out the bland and outright statements as well as all the wild speculation. I'd rather not waste my time -- and suggest neither you nor anyone else push the issue. Debi, you know my experience. Let's just drop it here.
For the newbies on this thread:
1BigTip started a thread "State your age here". This was started Apr.18,2004.
You may find it interesting that each of the following "pumpers" stated their level of experience.
noahltl - started trading 3 mos ago. He's the one who always mentions the Basher's Handbook. He is one of the experts now and in just 3 months. pharmdman - only recently into pennies. JBCak - started Feb., 2004. Probably the most vulgar person I have ever come across. Booty Quest - did not divulge WWJD-thru-me - did not divulge Check it out. There are others. It is obvious there are newbies who did not post there as well...and that includes Money_Penny - one of noahltl's self appointed deputies.
Wallace#1 - never posted on that thread, but successfully trading securities for over 40 years. 6 mos new to pennies and older than anyone who did post there by a good many years.
Not one of you has done any DD because there is none to do. Find yourselves a positive track record for UC and his cronies. Look at what has been happening in the past few months. Look at past releases put out by UC with other companies he has been involved with. Everything about UC, CMKX, Melvin, race cars, truck race sponsorships, the lack of definitive information, the releases that are promised and never appear, the 2 micro diamonds, and on and on. Yes, this does look like a scam...whether you like or not! I do not have a vested interest like all the pumpers on this thread.
I bought in to the pumpers' nonsense for 4 mil shs of CMKX at .0007 and got out, thankfully, at .0006. I lost a whopping amount of $410. Big deal! A lot of you are crying a lot louder than that right now. Some were smart enough to get free shares. Others were not and let greed take it's course. Still others are trying to average down and probably will lose more. I no longer feel sorry for you. I might even get in again at .0001 if enough fools are still buying into the CMKX road show and and then dump it again...but this time it will be at a profit.
Do I have penny stocks that have lost money? Of course, but I also have many more that have made plenty. My real money is in NYSE (by the way, it is the only one considered "The Big Board") and Amex securities where I can determine some degree of risk. As I said, this is a lark for me. Granted, I did not anticipate all the screwballs and demented sorts I have encountered on the CMKX threads, but they are the ones in la la land. Like I said, THERE IS NO TOOTH FAIRY. What I did not say, but will now, is that there are a lot of FAR OUT OPINIONS floating around and being generated by people on this thread. Those OPINIONS are no more than BS. THAT IS A FACT!!!
posted
[/B][/QUOTE] I am new to this but have been an avid observer for some time now.
I see a very different spin on the whole situation which I would love to have everyone give their opinion on.
I think at this time the diamonds are already found. Since they announced it and the price of the stock has not gone up it would be pointless to state it again !!!!. The only solution is the share information. Since it is very expensive to drill. They are now taking a very different approach. The attorney and the race car is where the money is being spent. It gives them legitimacy and it increases awareness of the company and probably increasing the naked short position at the same time (all these new buyers of the stock). When the numbers are announced, and the stock spikes, the company will actually sell some of their shares (if they did not stockpile they would be morons). This will then give them the needed funds to do extensive drilling and get at the value in the property. I have herd many people going back and forth on whether there is or is not naked shorting and how bad it is. If you don't believe it by now - YOU ARE STUPID and the same if you want to believe that the whole thing is a scam. There is just way to much information that suggests the situation is very likely the best deal ever in the history of penny stocks. Lastly I would like to ask a question everyone should think about. If the naked shorting is huge (which it is) and the position can only be filled by people who actually own the stock selling it (giving shares back to the money market makers to try to file some of the gaps) how can they possible go into positive ever. No matter how long this takes, no matter how hard they try, no matter where the shares come from -- as long as we and everyone else keep on buying them legitimately their position cannot ever be filled. ITS JUST A MATTER OF TIME BEFORE THEY LOSE.
posted
NEW YORK (Dow Jones)--There are still a lot of unknowns about CMKM Diamonds Inc. (CMKX), but one fact was cleared up by the company's former transfer agent last week: There are lots of CMKM shares outstanding. According to Pacific Stock Transfer, a firm which acted as transfer agent for CMKM for a short period last month, there are about 400 billion CMKM shares outstanding. CMKM's share count had been one big mystery for shareholders that had been trying to figure out just how many shares of this tiny mining company are out there. CMKM stock trades on the unregulated Pink Sheets market, which means that the company doesn't file any financial information with regulators. As reported in a previous "In The Money" column, CMKM has refused to tell Pink Sheets how many of its shares are currently outstanding. 1st Global Stock Transfer, CMKM' s transfer agent before Pacific Stock Transfer took over, had also refused to discuss this normally very basic information. CMKM in March filed an amendment with the state of Nevada, where it's incorporated, to increase the amount of shares authorized by the company to 500 billion from 200 billion. It's not unusual for billions of shares of CMKM to trade daily. CMKM shares were recently down $0.0001, or 25%, to $0.0003. So far Wednesday, 360 million shares of CMKM have changed hands. CMKM said in a press release on June 29 that Pacific Stock Transfer had taken over as its transfer agent. But that was a short-lived assignment because according to Pacific Stock Transfer, it stopped acting as CMKM's agent during early afternoon on July 1. A transfer agent generally keeps track of a company's shares and transfers shares between owners as trades clear. Urban Casavant, CMKM's president and large shareholder, declined to comment about Pacific Stock Transfer's departure or the amount of CMKM shares outstanding. Casavant said that "press releases will be coming." Asked whether CMKM plans on becoming self-transfering, Casavant said "I've got no opinion right now." The Nevada State Corporate database shows that a firm called Desert Stock Transfer Co. was incorporated on July 1, the same day that Pacific Stock Transfer stopped acting as a transfer agent for CMKM. Casavant is listed as president, secretary and treasurer for Desert Stock Transfer. Roger Glenn, a lawyer retained by CMKM last month, declined to comment on the company's loss of its transfer agent. Glenn also declined to comment on what he is doing for CMKM. The company said in press release on June 16 that it hired Glenn "in connection with securities and corporate issues faced by the company." In previous press releases, CMKM had indicated that it hired the lawyer and his law firm to "represent the company in its desire to become fully reporting once again." CMKM, once Casavant Mining Kimberlite International Inc., stopped filing with the Securities and Exchange Commission last July. Trading in this tiny stock has been extraordinary in recent months. So much so that trading in CMKM shares accounted for 44%, or 3.36 billion shares, of Knight Trading Group Inc.'s (NITE) average daily share volume in February.
(Carol S. Remond is one of four "In The Money" columnists who take a sophisticated look at the value of companies and their securities and explore unique trading strategies.)
-By Carol S. Remond; Dow Jones Newswires; 201 938 2074; carol.remond@dowjones.com
posted
Wallace, You've let the Mr. Hyde side of you out again. Can't you keep him contained? I wouldn't presume to advise you on any matter but maybe you really should think about leaving this part of the market. Look at what it's doing to you. I assume by your posts that you have (or had) some type of a friendly relationship with Debi in the past. Kind of looks like that's been destroyed and over what? A micro penny stock. Some things in life really are more important than the success or failure of CMKX. I enjoy bantering with the "long and strongs" as much as you but it seems to be consuming you. You should probably go back to the safer haven of the big board where things are a bit more comfortable.
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1) YOU REALLY DONT THINK THAT THE COMPANY HAS A LARGE QUANTITY OF THERE OWN STOCK PLUS INSIDERS. 2) YOU REALLY DONT BELIEVE THAT DEBEERS HAS A LARGE QUANTITY (THEY HAD A PROFIT OF OVER 1/2 BILLION DOLLARS LAST YEAR - 400 BILLION SHARES IS ONLY 40 MILLION DOLLARS) 3) EVERY DAY PEOPLE ARE BUYING MORE AND MORE SHARES - PLUS WORD OF MOUTH SPREADING TO GET NEW INVESTORS. 4) WHAT ABOUT THE GUY WHO PUT UP THE 5 MILLION AND MAYBE EVEN THE LAW FIRM.
I BELIEVE THE ONLY WAY TO TRUELY KNOW HOW MANY SHARES ARE SHORTED ARE TO GET THE INFORMATION FROM THE MONEY MARKET MAKERS THEMSELVES - HOW CAN YOU COUNT SHARES THAT NEVER EXISTED TO BEGIN WITH. NO MATTER WHAT NUMBER IS STATED IT WILL MOST LIKELY BE TOTALLY WRONG (AND LOW).
quote:Originally posted by Upside: Wallace, You've let the Mr. Hyde side of you out again. Can't you keep him contained? I wouldn't presume to advise you on any matter but maybe you really should think about leaving this part of the market. Look at what it's doing to you. I assume by your posts that you have (or had) some type of a friendly relationship with Debi in the past. Kind of looks like that's been destroyed and over what? A micro penny stock. Some things in life really are more important than the success or failure of CMKX. I enjoy bantering with the "long and strongs" as much as you but it seems to be consuming you. You should probably go back to the safer haven of the big board where things are a bit more comfortable.
posted
WALLACE You are very new to this board and it is not accuarate to say no DD done. In the past there have been more than 10 threads all much longer than this one which have been purged due to size. There have been people who have come and gone who were knowledgeable in all areas of intrest in this stock. Currently not much has happened to check out. I assure you I have spent several thousand hours running down all sorts of information, all this has been discussed at length in the past with references. So many times if you read a comment from me it may have been drawn from those times long in the past. I do this to fit new things I hear together with things I KNOW it also helps others to fit thier pieces also. VAN
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quote:Originally posted by Wallace#1: I bought in to the pumpers' nonsense for 4 mil shs of CMKX at .0007 and got out, thankfully, at .0006. I lost a whopping amount of $410. Big deal! A lot of you are crying a lot louder than that right now. Some were smart enough to get free shares. Others were not and let greed take it's course. Still others are trying to average down and probably will lose more. I no longer feel sorry for you. I might even get in again at .0001 if enough fools are still buying into the CMKX road show and and then dump it again...but this time it will be at a profit.
Wallace I am sorry to say this, but reading your posts, somehow you always came across very angry with CMKX. Firstly you lost money, ok big deal. But to come back and try to dig and dig to make this company look bad for each and every angle and then make a statement that you will buy in if it goes down to 0.0001, seems not right to me. Why would you want to buy more if it a scam. Once it will be known as scam then no body will buy them anyway. You don't have legit facts to proof that company is scam - so let it go. Also, you say many of us are crying because loosing money - do you have the list, tell us who is crying, one or 10 people and including you - that is not that many....
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
posted
Awe! You guys should really try ro play together nicely. Can't we all just get along? I like everyone, personally, no one controls my money, but me. I assume they paid for a ticket in this CMKX show, so they can cheer or boo, as long as I can too. If it cost Wallace $410 I'd say he paid for his ticket, he can cheer or boo, but not run the field or throw Debi out of her seat. Of course Debi can't eject Wallace form the ballpark either. Play nice, or I'll take my bat and ball, and.............
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posted
Okay that sliding to the right is really bothering me a lot, may be someone can volunteer to fix it, may be you tradingpennys (posted July 15, 2004 21:17) if you still here - thanks
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
posted
Wallace, you just couldn't leave well enough alone. You had been acting reasonable well for awhile.
First, your attack on me. For a person with such an 'elitist' attitude and educational background, your math really sucks. If the list was made in mid April and I posted that I had been trading for three months, then I would have been trading since mid January, which adds up to six months, not three.
Now you try to use my short time in trading as proof that I am not an expert. Well, show any post in which I stated that I was an expert. I've never claimed that, yet you seem to make that claim, even though you didn't know anything about MMs a few months ago. As a matter of fact, I rarely offer any hard opinions, just repost DD that I may find as I seek to educate myself.
And yes, I'm the guy that posts the "bashers handbood" thread, and your concern over that should lead most viewers to ask why you would be so concerned about that if you weren't in that very category. I haven't heard anyone else complain about it except you.
Now, as to Debi, she has put up her money and deserves a ticket on this ride as much as anyone else, if not more. She was about the only friend you had here, and in your bitterness you have alienated her now. She has done nothing more than bring DD, information, and yes maybe speculation; but that is what most of us want here. We don't have to believe it, but we like to analyze it and make our own decisions as to whether we believe it or not, not be "told" by her that we're idiots if we don't believe it, like you do when you bring in your garbage.
You seem to be a bitter old man, wondering why you never got the respect that you "deserved" from your elitist college and 'shcolarly wisdom'. Well you've shown all of us why, now if you just get the message, you might find some 'real life' could still be yours, if you find out what is really important in life. God, family, others, then self, in that order.
In short, get a life.
[This message has been edited by noahltl (edited July 16, 2004).]
posted
"Wallace I am sorry to say this, but reading your posts, somehow you always came across very angry with CMKX. Firstly you lost money, ok big deal. But to come back and try to dig and dig to make this company look bad for each and every angle and then make a statement that you will buy in if it goes down to 0.0001, seems not right to me. Why would you want to buy more if it a scam. Once it will be known as scam then no body will buy them anyway. You don't have legit facts to proof that company is scam - so let it go. Also, you say many of us are crying because loosing money - do you have the list, tell us who is crying, one or 10 people and including you - that is not that many.... "
That right there is about as best as you can describe Mr. Wallace. He calls CMKX shady mean while he is here day and night trying to discredit every move and positive statement or fact about the company. I don't know again, had he left last week he'd have spent how many hours looking at OTHER stocks, yet he hasen't... Hmmmmmm.... Yet he will buy at .0001???? Yet he thinks this is a scam...
You think this is a scam yet you would profit from it? So that right there shows YOUR character. I may be an a$s at times but name one stock that I have ever bashed? In fact I lost money on CMRC because I was new and fell for a bashers lies and sold, then it doubled, yet I never once bashed the stock... I, like a normal person, moved on. You haven't, why? I question this.
I do not take kindly to anyone taking issue with words that are the equivalent of what that very person continually uses. Nor do I take kindly to the subsequent comments thereby generated. As for the Hyde in me, that is your opinion. It is an interesting and unfortunate choice of a word, but you are entitled to your choices. As for where I may choose to toy with a bit my money, that is my decision. You are among the very few people on the CMKX threads for whom I have any respect. I would prefer we try to keep it that way.
VAN,
No offense, but don't kid yourself. I know what DD is and how to go about getting it. I have been following the CMKX threads from the very beginning and nothing, absolutely nothing, has changed about CMKX or the people running it. Yes, VAN, I have even gone back to some of your posts on threads about UC's companies under previous names. It's all the same. People were asking the same questions and having all the same reservations then as well. What surprises me is that some of those very same people are still buying in to CMKX while still holding shares of UC's co's that have no value at all now.
posted
TradingWizard into it for 2 months. As for noahltl, just go back and check his post on 1BigTip's. All of you know about JBCak's vocabulary.
As far as my buying more is concerned, d*mn right. With all you people clamoring for shares, it might just go back up to .0002 or .0003 and if I can get it for .0001 and spend a few thousand bucks, I will. Then, as I said, I will dump it like a hot plate. As for the scam part mentioned, there's plenty of time left before that might come out. After all, look at all the PRs people are hanging in there for and buying, buying and buying more no matter how poorly CMKX, UC and Melvin are performing.
[This message has been edited by Wallace#1 (edited July 16, 2004).]
[This message has been edited by Wallace#1 (edited July 16, 2004).]
posted
There are only 2,000,000 insider shares that are recorded. See for yourself. [URL=http://holdings.nasdaq.com/asp/Portfolio.asp?HolderName=NIAGARA+INVESTMENT+ADVISORS+INC%2FNY&CIK=0001061304&s Head=t&coname=CMKM+DIAMONDS+INC&market=O&strFilterHoldings= N&Descending]http://holdings.nasdaq.com/asp/Portfolio.asp?
The post with the naked shorting and it had 0 for CMKM Diamonds was from a site (the link is there too) that has records of all stocks that are shorted. The MM's HAVE to report thier shorts.
IMO there is more than 400 Billion shares out there. I would venture to say more than 450+ Billion. It's not mathmatically challenging to figure it out. The records are all there on the SEC web site on how many they had. Then follow the pr's from there on how many had been retired.
[This message has been edited by Allstocks (edited July 16, 2004).]
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I usually go to google.ca, and start searching, they are not like yahoo to have everything up front on the home page. 
