posted
Does anyone know if it is possible to buy Kensington stock though etrade or freetrade since it is a Canadian stock? I have bought some stocks ending in F in my accounts but was wondering about KRT. I would try it myself to see but I am asking for a friend. Thanks -Debi -Just waiting for the big news. GLTA
IP: Logged |
posted
THAT'S WHY YOU PUT THE LIMIT WITH IT!! Although a number of brokers allow only LIMIT. I was wondering why this thread was slipping off page. Must have sold everyone out ? VAN
IP: Logged |
posted
Hi Van-Noah-Anyone else? -I haven't been posting much here since there really isn't much new to talk about on this thread. The longs (count me in -are up on all the buzz and speculations) and the skeptics don't want to hear any more of that. The bashers don't have any fresh ammo and the MM's are sitting on the price so hard that it is a brick at .0005. I am just waiting patiently for the BIG news. Long and strong with 24+ Million shares and 33+ Million including friends. GLTA-IMO-DD-Debi
IP: Logged |
posted
Hi Emunahstock- I already have my first $10 million spent but think we better see a penny PPS before I try for a $15 M budget. It went fast. Anything else looking good to buy, hold or trade? I keep buying CMKX every day while it is on sale. I will be buying some more later. Wouldn't it be awful if they raised the price before I get my next Million shares? I doubt they will-I like to keep some money handy in case they lower the price but I think the next step is a slight raise unless we get news-then maybe it will be checkmate. GLTY-GLTA-IMO-DD-Debi
IP: Logged |
posted
I hoping to get back the 9 million (plus a couple) I sold at .0005 at .0004. I sold to get my investment back (so all my remaining shares are free) but will certainly take advantage of any dip. Doesn't look like that is going to happen though.
TORONTO, June 28 /CNW/ - Both Toronto Stock Exchange and TSX Venture Exchange will be closed for the Canada Day holiday on Thursday, July 1. Both exchanges will re-open for business on Friday, July 2 and will be open on Monday, July 5, while the U.S. Markets are closed to observe the 4th of July holiday.
realityinc21 Member posted June 28, 2004 11:55 -------------------------------------------------------------------------------- THOUGHT THIS WAS CUTE!! OFF TOPIC!! Retirement Plan:
If you had purchased $1,000.00 of Nortel stock one year ago, it would now be worth $49.00.
With Enron, you would have $16.50 left of the original $1,000.00.
With WorldCom, you would have less than $5.00 left.
But, if you had purchased $1,000.00 worth of Beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling price, you would have $214.00.
Based on the above, current investment advice is to drink heavily and recycle.
posted
MoneyPenny-on that link you can compute the value of your shares and it gives all kind of prices at once. I tend to think small but it was fun to see that at $5 a share my holdings would be worth $120 Million dollars. Hmmmmmm. That would take me at least a year to spend. GLTA-IMO-DD-Debi
IP: Logged |
posted
Does anyone see a possible R/S with this stock in the future? If so what would be the cause? And what would be the effect on the stocks future??
Also, Does anyone think the MM's will be able to get the pps to dip any more? Say to around .0003 possibily .0002? Or would that only happen in the event of a bad PR, or bad news about the O/S situation?
I'm still long and strong no matter what! Go CMKX...we believe!!! Thanks to all. And Good Luck!!!
posted
I just bought a little more for 25+ Million shares now. It took a little longer to fill than usual. I wonder if shares are getting more difficult to get? If they actually used supply and demand I would have been able to afford mayber 1 Million and wouldn't want to pay that much for them. This price is laughable. If everyone is buying they are still shorting the snot out of this. I am looking forward to cover day. GLTA-IMO-DD-Debi
IP: Logged |
posted
I wish. I have been paying .0005. I don't mind paying .0005-I think it is cheap at .001. I just wish it was .0004 so I could have bought 20% more shares. If it goes on sale I will. I am willing to wait a long time with this one. I do think there is behind the scenes action going on with our law firm and the different short brokerage houses. Meanwhile the shorting continues IMO and I am happy to be a buyer. Does anyone think we will have a run before the big news comes our way? The buying doesn't seem to be falling off at .0005 and a drop in price would increase sales. Tough place to be in. If they raise it buying will increase. If they decrease it buying will increase. Probably stalling it here is their only move other than waving a white flag and letting it find it's own value. GLTA-IMO-DD-Debi
IP: Logged |
quote:Originally posted by Str8Shooter: Does anyone see a possible R/S with this stock in the future? If so what would be the cause? And what would be the effect on the stocks future??
Also, Does anyone think the MM's will be able to get the pps to dip any more? Say to around .0003 possibily .0002? Or would that only happen in the event of a bad PR, or bad news about the O/S situation?
I'm still long and strong no matter what! Go CMKX...we believe!!! Thanks to all. And Good Luck!!!
YOU can look at KYGC for reference last 2 months regarding r/s 0.0003 or 0.0002 only possible with negative pr i think mm`s are covering and holding it down people are buying not selling today rsi line is flat could be in for a reversal and let`s put a bet in it closes 0.0005 just my opinion! ihave more of it posted on the regular non member thread
quote:Does anyone see a possible R/S with this stock in the future? If so what would be the cause? And what would be the effect on the stocks future?? Also, Does anyone think the MM's will be able to get the pps to dip any more? Say to around .0003 possibily .0002? Or would that only happen in the event of a bad PR, or bad news about the O/S situation?
Either one of these two scenarios could happen. I'm not saying they will but it's always a possibility with this or any stock. A reverse split could happen to get the o/s to a reasonable amount (if it's large) and to meet minimum price requirements for a NASDAQ listing.
As far as the market makers beating the price down, if the naked short theory is correct, they'll do everything in their power to beat the price down especially if they sense that there is strong upward momentum. They'll try to cover at the lowest possible price.
posted
a r/s now makes no sense...at .0005 it would take a 2000/1 r/s to get the pps to $1.00 and using the number from the nevada state board that would bring the total allowed shares to 250,000,000. for nasdaq listing it would have to then hold the $1.00 pps for 90 days which without a big diamond discovery will not happen. imo it will have an r/s but not till it gets the pps in the whole penny range and hold that range for a bit
IP: Logged |
posted
NO ONE knows the O/S except CMKX, and it is being witheld for now for some reason ???
quote:Originally posted by Upside: bill, Isn't the number from Nevada the authorized amount only or has that been confirmed to be the outstanding amount also?
posted
if the info was right that is the authorized amount. which is what a r/s would deal with. with the shares that are naked out there who knows the total # floating around. o/s would be the # of authorized shares still out there...am I correct in this?
IP: Logged |
posted
Very premature to be talking about a R/S with a stock known to be heavily naked shorted. We will have the share count and share structure soon. The authorized is 500 Billion but I would seriously doubt that the number of valid outstanding shares is anywhere near that number. I base that on the second hand rumors that UC has valued the shares at .50-.61 cents. I say second hand rumors but that may have more to it than that. I don't remember where I read it and what the context was. With a small outstanding share count and some big diamondiferous kimberlites that may be possible. Time will surely tell. GLTA-IMO-DD-Debi
IP: Logged |
posted
BAKERSFIELD, California -- Covina, California's Lee Hatch totally dominated a 50 lap ASA Speed Truck Challenge event, June 26th, at Bakersfield's Mesa Marin Raceway. Hatch's CMK xtreme Dot Com Chevrolet led the race from first flag to final flag and was never seriously challenged as he easily cruised his way around Mesa Marin's half mile, high banked, oval.
The real fight in this race was the battle for second place. In the final laps the Chevrolets of Scott Franchimone and Lee Keach ran each other hard for the runner up spot. After approximately 25 laps of hard charging, Franchimone finally completed the pass on the final circuit. The Chevrolets of Scott Dodd and Ron Nava completed the top five.
In victory lane an elated Hatch had high praise for his hardworking BHRM Motorsports crew who provided a strong race truck right out of the box.
The flow of the race was slowed four times but the yellow flags had no impact at all on Hatch's race rhythm. With each ensuing restart Hatch easily pulled away from the field to again re establish his lead.
posted
The O/S is one of several things people are waiting on.I'll let the lawers handle that one.I myself,the diamond count.Not only the Carolyn pipe, but the hundreds of anomalies is what interest me.Bill,No o/s=No float-yet.
[This message has been edited by highwaychild (edited June 28, 2004).]
I posted last night about a lawsuit against the MM's, that at some point they must meet fair evaluation status.
My scenario was that we have a market cap at 50 Million at .0001 if we have OS at 500 Billion. Any offer for a buyout exceeding that 50 million would prove we are undervalued.
The problem is that our OS arent close to that level and our price is currently .0005. So market cap could be
.0005 times 20 billion = which lowers the valuation considerably. That would be 10 Million as our valuation. Is this stupendously low or what?
Would anyone expect 1.4 million acres, with hundreds of anomalies, is worth more than that to Debeers or another diamond giant? That is pocket change and I would expect a bid, if ten giants were to compete with each other for the rights, in the low billions.
Would they offer 2 billion for this many pipes? Probably. I can't see why not. It would be a great investment unless they could get it cheaper.
valuation then would be 2 bill/20 bill = .10
Now let's set up the law suit. To file one must first have damages. What would be the damages of MM's impeding fair value?
The purpose of stock is to raise money so you can make money. This effects the company and stockholders futures. So a price that is intentionally held down effects the ability to raise money.
When stock is authorized for sale it often remains in the treasury until funds are needed then the authorized shares are released. It is usually held and only those released are actually traded. That means say 10% is sold at set price and no more is released til more money is needed. The company can make an initial sale only once and that is the money they raised.
If the stock is held down then the amount they can raise when new stock is released is minimal, and the stock cannot produce the revenue needed. If the stock is at fair value it may produce 10, 20 or 1000 times the revenue, thus expediting the company to its goals.
Now, say the company is forced to release at .0001 times 1 billion shares, when they should be releasing at .01 times 1 billion. The difference is the damages the MM's could be held liable. Plus, say they could produce 10 billion in diamond revenue with that extra money they could also be liable for the revenue they impeded.
In my opinion the law firm will collect facts and revue fair value so that real damages can be assessed. Could be in the millions and could be in the billions. Depends upon what they find, the mood of the judge that day, etc.
The mm's would have to ask, do we set on it and make money in turn risking a substantial law suit, or let it rise and take their licks from shorting.
Doesn't matter to me, either way we reach our goals at some point. I would think taking lumps would be better for the mm's that having the liability of future earnings. That is up to them though.
I think they will sit on the stock as long as possible then jump off just before the law suit would hit. They will make big business decisions and probably come out ok.
My only goal is to serve God and care for the family, if those goals are met God can punish their dishonesty on his own time.
quote:if the info was right that is the authorized amount. which is what a r/s would deal with. with the shares that are naked out there who knows the total # floating around. o/s would be the # of authorized shares still out there...am I correct in this?
bill1352, If a reverse split happens, the company can elect to have their authorized shares split but it usually doesn't happen that way. If their authorized shares are 500 billion, chances are it would remain at 500 billion. That is up to the company. The outstanding shares (or o/s) are what would be affected. All of the people who own shares (the o/s) would be affected by a split. The authorized shares could (and probably would be) be unaffected.
posted
Noaltl...interesting...glad to see Urban is a Chevy man.The CMKX-treme machine the ONLY Corvette Funnycar in the NHRA.Now their runnin' an S-10.I love it.
IP: Logged |
posted
RaiderJR-Great Post. I liked everything you had to say. I would have to say I agree with it, pretty much all the way to the sign off. Welcome to Allstocks. God Bless-Debi
IP: Logged |
posted
Debi & Raider, This is a wonderful hypothesis if in fact the naked shorting theory is true but to hang your hat on it is fiscal suicide. I agree, if everything plays out according to that particular plan, we could all be rich. But to throw thousands of dollars at a company based on a somewhat wild theory is irresponsible to say the least. Maybe CMKX will be the one company that changes the whole landscape of market making as we know it but to be honest, I kind of doubt it. That leaves us with hoping that their mineral claims are worth what has been speculated here and that they can prove the value of those claims to the bigger players in that market. Again, I kind of doubt it. A company the size of DeBeers is not going to cave in to the likes of Casavant Mining. If their claims are worth anything, DeBeers or someone else interested in those claims will get them at a price that might be beneficial to the CMKX owners, but not to the shareholders. Again, I hope the naked short theory is correct because if not, I see no value to the shareholders in their mineral claims.
IP: Logged |
posted
Nobody's talking a bout DeBeers caving,Upside.This is the Americas(U.S. and Canada) we're talking about.DeBeers have made their money in Africa,yes.But in the Americas you claim(bought) your stake then you get the miniaral rights.There are laws in place.
[This message has been edited by highwaychild (edited June 29, 2004).]
posted
highway, They are in Canada. Not that it matters though because the speculation is that their land claims might be worth upwards of 40 billion. That's the case only if someone is willing to pay it. So, CMKX approaches DeBeers or any other major player in that area with their claims. What is DeBeers reaction? Offer them peanuts (as they should do) knowing full well that there is no way they're ever going to be able to mine their property as they are a tiny, underfunded company. So, CMKX puts them up for sale to the highest bidder. If the claims have any value at all, guess who that is? DeBeers. And they will walk away with them for a song. Again, nowhere near enough where it benefits you and me, but the owners of CMKX will be sitting pretty.
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
