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Author Topic: CMKX III New thread - We got it while we could
RaiderJR
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Warren Buffett - Cameco - UCAD

Big Money.

Let me start this scenario with a link showing that Cameco has at one time acted as an arm for Buffet in the bidding for a nuclear power plant.
http://www.canaxenergy.com/news063.htm

It is this connection that got me interested because today I discovered that UCAD is either now or was at one time owned by Cameco. Here is the link.
http://finance.yahoo.com/q/it?s=UCAD.OB

In this list of insiders is the company CCO, which according to the link provided is Cameco.


What makes this more interesting is that Canadian mining maps show that Cameco is a JV with Debeers and Kensington.

What is unclear, if UCAD is an arm of Buffet and the least Cameco, why be in bed with Debeers? Wouldn't they be competing directly?


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darrenbaker
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Check out the bottom line. ohttp://www.dragracecentral.com/DRCStory.asp?ID=%7BC2027D30-801C-48FB-B362-6A9004CB290F%7D
Sorry, don't know how to make it a link.

[This message has been edited by darrenbaker (edited July 17, 2004).]


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darrenbaker
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http://www.dragracecentral.com/DRCStory.asp?ID=%7BC2027D30-801C-48FB-B362-6A9004CB290 F%7D

old dog learns new trick

[This message has been edited by darrenbaker (edited July 17, 2004).]


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qnique
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I don't own this stock but thought I would help you guys out, taking from another board.

I AM A INVESTOR IN QBID , BUT I GOT SOME INSIDER INFO NOT WITH THIS LINK, BUT CMKX WAS ON ESPN THIS WEEK NATIONAL TV SOMETHING BIG IS GOING DOWN MONDAY COULD BE THE LAST DAY TO GET DONT BUY BUT WATCH CAREFULLY 2 WEEKS 60 CENTS http://www.thegreenbaron.com/Latest%20Update.htm


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tradingpennys
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quote:
Originally posted by Str8Shooter:
A couple things have me confused recently. I'm curious as to what others think.

Why is UC spending all this time and effort trying to generate publicity for CMKX at this point? Why not remain silent for a while and drop the pps to back to around .0002 - .0001, weed out all of the weak hands and in the process by back as much as he can before gaining so much attention.

What is the point of having many more investors jumping in at .0003? Why not wait until .01+ and then promote the company? Isn't there much more to gain then? And if there was some kind of dividend, or buy out plan in the works. Wouldn't it be more in his interest to own as much as he could, and have less people part of it?

In any case i'm still holding, and i still Believe. Go CMKX.
Thanks to All, and Good Luck!!!


___________________________________________
IMO:
1. They are trying to sell off the outstanding shares. I do NOT think this stock is shorted. I think they have a overabundance of shares. If they can sell off all that are issued (at these prices they can eventually) then maybe they might file with the SEC if they aren't a scam. (I hope to GOD not!)

2. The more professional looking publicity is a good thing, it adds more investors. But I really don't think that they needed it at the present time. This stock is VERY popular all on it's own. Even without anyone knowing what's REALLY going on this stock.
Although they have been getting kicked in the teeth alot more these days with bad press articles, what would they expect if they aren't filing. And leaving everyone in the dark?
_________________________________________
About UCAD - The day that the company halted thier stock from trading was because of CMKX's jumping in there with thier own press release of basically the same info.
After looking over UCAD's site this evening, I was looking for CMKM mentioned anywhere.
They have other joint venture company's listed. I could NOT find this company anymore. Now that has me wondering especially after seeing this ....
(this is the 1st part of thier company page)
.........................
U.S. Canadian Minerals (UCAD) is a multi-dimensional, mineral-based corporation headquartered in Las Vegas , Nevada . On its own and through Joint Ventures, UCAD is looking to expand and develop mining properties throughout the world. UCAD has already begun work on several projects, all of which are in various stages of development.

UCAD has acquired a 20% revenue interest in 500,000 acres of Kimberlitic-likely land in Saskatchewan , Canada and an option to purchase a 25% interest in 27 claims, comprised of approximately 22,447 acres located near Smeaton , Saskatchewan , Canada . Initial drilling on the Smeaton property indicates the presence of Kimberlitic rock. Previous drilling by earlier operators had the same indications.
..............
NOTICE there is NO longer any mention of CMKM? http://www.uscanadian.net/company.asp
----------------------------------------
I have a feeling UC had pissed off UCAD. Things don't seem yippee with CMKM. Whatever happens UC is not going to walk away without having gained as much $ as possible 1st for his and his own, screw the rest.


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BaxterBessieMama
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Geeze, isn't anybody else awake?

------------------
Peeper


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BaxterBessieMama
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Geeze, isn't anybody else awake for the good stuff?


July 18, 2004 04:47 AM US Eastern Timezone

CMKM Diamonds, Inc. Announces Dividend to Shareholders of Record Date and Option Agreement

DENVER--(BUSINESS WIRE)--July 18, 2004--CMKM Diamonds, Inc. (Pink Sheets:CMKX) is pleased to have reached a purchase agreement with U.S. Canadian Minerals, Inc. (OTC BB:UCAD) to which U.S. Canadian Minerals Inc. will be purchasing 5% of all mineral claims held by CMKM Diamonds, Inc. in exchange for 7.5 million shares of UCAD. CMKM Diamonds, Inc. will later issue these shares to all shareholders of record on August 20, 2004.

In addition, UCAD has a 1 year option agreement to purchase an additional 10% interest of all mineral claims held by CMKM Diamonds, Inc. for a total of $15 million U.S. dollars payable to CMKM Diamonds, Inc. Mr. Rendall Williams, CEO for UCAD, stated: "Having the opportunity to have worked with the management of CMKM Diamonds, Inc. on the Carolyn Pipe and on the Goldak Airborne surveys, we are looking to move aggressively forward in building shareholder value for both companies."

Urban Casavant, CEO CMKM Diamonds, Inc., stated: "We are looking to move forward as a team in order to create a winning formula for success of bothe companies as well as their shareholders!" More details will be released in future news releases.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.


------------------
Peeper


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lbulbu
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Great new press release out.
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Flattop1
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Looking great now! Patience is starting to pay off. GLTY

------------------
Remember to pray for our service members everywhere.


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tradingpennys
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WOOOOOOOOOOOOOOOOOOOO HOOOOOOOOOOOOOOOOO!!!
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tradingpennys
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Whoa... wait a minute,
7.5M shares is all? do we have to share our shares? lol
7.5M for a stock that is trading for 3.40 at the moment. (And will increase in price monday morning, they have some positive stuff going on) That doesn't work out to be squat. Or am I misunderstanding this?

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kguts11
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It comes out to 25.5 million dollars, which, according to my math is somewhere around 25.5 million more than zero which is what a lot of people are saying the company's revenue is. It's also more than I make in a average week, so I wouldn't consider it insignificant. It comes up to .000051 per share with an O/S of 500 Billion, which is the worst possible case scenario, and I believe is an extremely high O/S estimate. That's 51% of what a lot of people paid per share, so it adds up to a lot better dividend percentage than any other I have seen assuming all my math is correct. I have been up at the hospital all night, so I may be a little off. Just my thought.

Kev

quote:
Originally posted by tradingpennys:
Whoa... wait a minute,
7.5M shares is all? do we have to share our shares? lol
7.5M for a stock that is trading for 3.40 at the moment. (And will increase in price monday morning, they have some positive stuff going on) That doesn't work out to be squat. Or am I misunderstanding this?


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will
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I guess it all depends on the O/S of CMKX, doesn't it? So, at this point it's $25.5M, split X amount ways.
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kguts11
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Yeah, I think that's what I implied.

Kev


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StonedPigeon
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Ok someone explain what happened, does this
mean that on august 20 we take the number of
shares(which we don't know) divide 7.5m by
that number and sha-zam, we get one or two
shares of ucad?

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will
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You don't know the O/S shares so you cannot say one or two shares. The dividend might have a much greater implication. It will give the number of REAL O/S and expose any naked shorting. There will have to be a REAL count for distribution purposes.

quote:
Originally posted by StonedPigeon:
Ok someone explain what happened, does this
mean that on august 20 we take the number of
shares(which we don't know) divide 7.5m by
that number and sha-zam, we get one or two
shares of ucad?


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Highwaychild
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It shows the rights are worth something.
I'd say U.C. probably gave UCAD a good deal too.
For some other co. I bet the price would have been more.
Also a closer working relationship could help us.The next time a drill rig breaks down maybe UCAD could loan us one.

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StonedPigeon
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ok I get it squezzzzzz play!
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will
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I guess if it is shorted, those shares will have to be covered at the price shareholders would elect to sell them to the counterfieters. "IF" it's shorted? Guess a lot of questions will be answered by or before August 20.
quote:
Originally posted by StonedPigeon:
ok I get it squezzzzzz play!


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bill1352
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thats just what it means...the o/s is probably 400 billion as the rumor indicated...a lot of these may be owned by UC but his shares count in this split so take 7.5 mil / 400 billion = .00001875 per share .....or $18.75 per 1 million shares owned
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lbulbu
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I am pretty new in penny stocks. In my
opinion looking at mineral rights that
UCAD purchased and with the rest of our
mineral rights our pps should be at minimum
of .0008 I base this on 500 billion os. with any less the price should be way higher
this is with out even finding diamonds.
If there is a short by MM should drive price
up with the UCAD dividen. Any news we receive should drive price way higher. this is my opinion.


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StonedPigeon
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If it is shorted then it will have to be
covered buy getting shares from people who
are holding waiting for the dividend and that
means pps up!

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bill1352
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even with such low numbers as a paid dividend i bet the pps goes up monday morning and this time i would guess it will hold the increase but it also meanes that by aug 20 UC will have to give the o/s...it means that at least some of the info we have been waiting for is on the way and we know by when
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VNGNTN1
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WE NOW HAVE A VALUE OF COMPANY
UCAD PPS=3.40
7.5m share = 5%
$3.40*7.5m=$25.5m = 5%
100/5=20*$25.5=$510m
- - - -
Next will be what form this dividend will be paid.
VAN
PS
All you new shareholders pay close attention to 8/20 make SURE you hold untilyou see new dividend in your account follow up with your broker to make sure. Read Ric Pic posts. Many people were swing trading around these dates last time and lost dividend.

[This message has been edited by VNGNTN1 (edited July 18, 2004).]


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will
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Form? As in what, Van?

quote:
Originally posted by VNGNTN1:
WE NOW HAVE A VALUE OF COMPANY
UCAD PPS=3.40
7.5m share = 5%
$3.40*7.5m=$25.5m = 5%
100/5=20*$25.5=$510m
- - - -
Next will be what form this dividend will be paid.
VAN


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bill1352
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the ps states it will be paid in shares of ucad
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will
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That's what I understood, maybe he's referring to the share ratio.
quote:
Originally posted by bill1352:
the ps states it will be paid in shares of ucad


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VNGNTN1
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WILL
The company can distribute a dividend in several (FORMS). They can pay cash, or create new shares of several different varieties (common,preferred, etc.) If you were around last time you have CIM shares restricted at your broker. These shares could have restriction removed for trading.
VAN

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StonedPigeon
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So if I own UCAD I should sell since it seems
that it's going to be diluted by 7.5m shares.


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bill1352
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but it also means at we have the smallest stake in these claims...didn't we hold 25% of these claims with 3 other companies involved? now we hold 23.75% and have the smallest % of these claims
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VNGNTN1
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Missed that in PR and Bill posted while I was writing.
It appear correct. So now we can divide our shares by 7.5m and multiply bay $3.40 and come up with our dividend
7m / 7.5m=.9333*$3.40=$3.17
The most import thing is Company value, now we need A/S as the $.0000009 will be paid on all shares.
quote:
Originally posted by will:
That's what I understood, maybe he's referring to the share ratio.


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VNGNTN1
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BILL
Can you repost that PR for reference?

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bill1352
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ya know folks that this also means that in 33 days maybe a bit more because of time needed to get everything sorted out like who actually owns shares not naked shares if there are nakes shares out there then this article that was posted here on page 11 may have some real bearing on our pps http://www.kaiserbottomfish.com/s/Educational.asp?ReportID=71104

now if UC did buy back huge blocks of shares and retires them so that they can't get back into the market or the o/s isnt the 400 billion it probably is we may have a very nice pps run in the next 2 months


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VNGNTN1
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SP
No I think I will buy some looks like value is flowing that direction ?
VAN
ALSO If pps swings substantially higher than .0000009 before 8/20 then taking profit might be in order. If there are naked shorts out there You can expecta 333.33% higher shorting volume.

[This message has been edited by VNGNTN1 (edited July 18, 2004).]


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bill1352
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CMKM Diamonds, Inc. Announces Dividend to Shareholders of Record Date and Option Agreement
July 18, 2004 04:47:00 AM ET


CMKM Diamonds, Inc. (Pink Sheets:CMKX) is pleased to have reached a purchase agreement with U.S. Canadian Minerals, Inc. (OTC BB:UCAD) to which U.S. Canadian Minerals Inc. will be purchasing 5% of all mineral claims held by CMKM Diamonds, Inc. in exchange for 7.5 million shares of UCAD. CMKM Diamonds, Inc. will later issue these shares to all shareholders of record on August 20, 2004.

In addition, UCAD has a 1 year option agreement to purchase an additional 10% interest of all mineral claims held by CMKM Diamonds, Inc. for a total of $15 million U.S. dollars payable to CMKM Diamonds, Inc. Mr. Rendall Williams, CEO for UCAD, stated: "Having the opportunity to have worked with the management of CMKM Diamonds, Inc. on the Carolyn Pipe and on the Goldak Airborne surveys, we are looking to move aggressively forward in building shareholder value for both companies."

Urban Casavant, CEO CMKM Diamonds, Inc., stated: "We are looking to move forward as a team in order to create a winning formula for success of bothe companies as well as their shareholders!" More details will be released in future news releases.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.

Contact Information: CMKM Diamonds, Inc. Melvin O'Neil, 306-752-3755 or 877-752-3755 fax: +1-306-752-3754 ipr@sasktel.net

there ya go


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