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Author Topic: CMKX III New thread - We got it while we could
SAMSON123
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Upside, if MM's take this as a warning forget buying. You wouldn't be able to buy. The MM's will be buying to cover. It's like Paul would preach in the bible. First to the Jew then to the gentile(did i spell that right?). MM's are Jews we are getiles. They will be buying.
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SAMSON123
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getiles? Way to late for me. GENTILES
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Booty Quest
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Yeah but who would they buy from if we ain't selling? If they buy from each other, that would still leave the seller short when this goes up. They will have to raise the price to make it attractive for us to sell.
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HarryHar
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Booty I agree with you. I am gonna pick some more up for possible mid hold just because that it has to play out as you said. They have to purchase them from everyone but other MM's. Then the ball comes to our court. There is a very big chance that the price of CMKX will shoot up to levels .0015 or much higher even BEFORE we get one of the highly anticipated PR's (a/s & o/s, moving to differnt stock exchange). I wonder how it will be timed. Does anyone know if it's possible that MM's will be informed to cover before it is announced in a PR? Seems very possible that the day may come unannounced. Buying more tomorrow.
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HarryHar
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Booty I agree with you. I am gonna pick some more up for possible mid hold just because that it has to play out as you said. They have to purchase them from everyone but other MM's. Then the ball comes to our court. There is a very big chance that the price of CMKX will shoot up to levels .0015 or much higher even BEFORE we get one of the highly anticipated PR's (a/s & o/s, moving to differnt stock exchange). I wonder how it will be timed. Does anyone know if it's possible that MM's will be informed to cover before it is announced in a PR? Seems very possible that the day may come unannounced. Buying more tomorrow.
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ali
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By DR.D from Cmkx unofficial board

like the PR!

1. Establishing more consistent communicaton between company and investors.

2. Edward and Angell have given there approval of the new transfer agent.

3. Also the Pacific Stock Transfer Co. said they would not actively become the new transfer agent until the audit was verified by the Law Firm!

4. This tells us the audit is complete!

5. The Law Firm has approved of the audit and turned it over to Pacific Stock Transfer Co.

6. Special mention of quick and accurate transfers which may indicate it was a problem with the last company!

7. This could be the first of many good PR's to come on shares structure and financials!

8. YES!

Dr.D

June 29, 2004 09:56 PM US Eastern Timezone

CMKM Diamonds, Inc. Announces New Transfer Agent

LAS VEGAS--(BUSINESS WIRE)--June 29, 2004--CMKM Diamonds, Inc., (Pink Sheets:CMKX) Announced today that it has engaged a new transfer agent -- Pacific Stock Transfer Company , 500 E Warm Springs Road, Suite 240, Las Vegas, Nv. 89119 phone 702-361-3033. D. Roger Glenn of Edwards & Angell, attorneys for CMKM Diamonds, Inc. said "The Company is proud to announce this relationship with Pacific Stock Transfer .It has a fine reputation as a transfer agent, and the Company is looking forward to working with it in the future. The Company is confident that Pacific Stock Transfer will process transactions in the Company's stock accurately and quickly.


To view further company updates, you can go to our website located at http://www.casavantmining.com.

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.

Contacts


CMKM Diamonds, Inc.
Melvin O'Neil, 306-752-3755 or 877-752-3755
fax: 306-752-3754
ipr@sasktel.net http://www.casavantmining.com


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WWJD-thru-me
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SAMSON123
Member posted June 30, 2004 00:38
Samson wrote:--------------------------------------------------------------------------------
Upside, if MM's take this as a warning forget buying. You wouldn't be able to buy. The MM's will be buying to cover. It's like Paul would preach in the bible. First to the Jew then to the gentile(did i spell that right?). MM's are Jews we are getiles. They will be buying.
---------------------------------------------
Samson-Jesus was a nice Jewish boy. Since you are familiar with Paul's preaching I would hope if you are a Christian you are not anti-Semitic. The gross generalization that MM's are Jews sounds like racial bashing. IF you want to MM bash I would have a hard time defending them-but even MM's can't be generalized. There are good and bad in all groups and races and Thank God there is. I will never sit on the side lines and let any race be singled out as evil. If this was just an innocent remark I will let you off the hook easily. If it is an attitude cultivated over time, please rethink it. I wish you well and don't wish to offend you, but don't want anyone else offended either. -Debi

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WWJD-thru-me
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Booty and Harry Har wrote:Yeah but who would they buy from if we ain't selling? If they buy from each other, that would still leave the seller short when this goes up. They will have to raise the price to make it attractive for us to sell.
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HarryHar
Member posted June 30, 2004 01:16
--------------------------------------------------------------------------------
Booty I agree with you. I am gonna pick some more up for possible mid hold just because that it has to play out as you said. They have to purchase them from everyone but other MM's. Then the ball comes to our court. There is a very big chance that the price of CMKX will shoot up to levels .0015 or much higher even BEFORE we get one of the highly anticipated PR's (a/s & o/s, moving to differnt stock exchange). I wonder how it will be timed. Does anyone know if it's possible that MM's will be informed to cover before it is announced in a PR? Seems very possible that the day may come unannounced. Buying more tomorrow.
---------------------------------------------
This is great news. I think you are right about the MM's needing to buy real shares. If they are selling at .0001-.0005 they are selling baloney to each other. Since many including me were buying up to .0011 they will have a better chance of shaking out some of those higher priced shares if they go up to .0015 or better. This could see anything from .0001 to .01 today with no further news. It could be wild.
GLTA-DD-IMO-Debi


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Wallace#1
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Debi,

Good morning!

Glad you posted that reference to Jews and Christians. You beat me to it! Peace.


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cool1sh
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Still 0004 - 0005
Next cpl of weeks, I won't see CMKX whole day like now. I am on vacation from tomorrow until Jul 13. Hopefully we move up by then.. WAY UP!!

GLTA

[This message has been edited by cool1sh (edited June 30, 2004).]


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tic_toc
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glad you addressed this Jew remark, as I am a Jew and didnt quite know how to interpret it.
Lets hope that he had no bad intent, though I'm sure it was an innocent reference taken out of context.

quote:
Originally posted by WWJD-thru-me:
SAMSON123
Member posted June 30, 2004 00:38
Samson wrote:



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Golf57
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Wake up everybody.
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noahltl
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golf57 - is there more to that statement?

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FurrySound
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ZZZzzz...

------------------
FurrySound
-DD-GLTA-Unless I've quoted a source, I know not what I speak of.


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TradingWizard
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Bump and some afternoon reading, not related to CMKX but talks about privatization. Enjoy!

Going Private
By Michael J. Levitin and Steven S. Snider

Counsel to public companies are acutely aware that the Sarbanes-Oxley Act has imposed substantial new costs and risks on officers and directors. Boards and management may ask whether any strategy exists to mitigate those risks and reduce those costs. Such a strategy exists: going private.

"Going private" is the process by which a public company ceases to be a public company. Rules of the Securities and Exchange Commission ("SEC") permit a company to de-register its securities and thereby "go private" when it has fewer than 300 stockholders of record.

This article summarizes the business and legal factors that are causing management, directors, and stockholders to consider taking their companies private. It touches briefly on some legal aspects of realizing value after a privatization. Finally, it describes three methods for going private.

The Business and Legal Climate

The business and legal climate have changed dramatically in the last year. Public companies as a whole lost $7.7 trillion in market capitalization between March 2000 and July 2002. The activities at Enron and elsewhere inspired the Sarbanes-Oxley Act and corporate governance initiatives at the stock exchanges and Nasdaq.

The collapse in market valuations has affected the economics of remaining public. In particular, while a public company should still generally be able to raise capital more easily than a private company, the advantage is diminished if the company cannot easily tap the capital markets at an acceptable price. Companies must make similar calculations when considering whether to pay for an acquisition with stock: an acquisition may be unattractive if it is too dilutive. Options are also under pressure, as regulators urge companies to recognize a compensation expense, equal to the options' fair value, at the time of grant.

There will continue to be compelling reasons for many companies to go public and to stay public. Indeed, for enterprises that require large amounts of capital, staying public is the only feasible choice. For all companies, however, recent developments have affected the costs and risks of staying public. The increased costs and risks include the following:

Independent audit costs have increased. The Wall Street Journal reports that accounting costs are likely to increase 15% to 25% this year. Among the factors driving this trend are (1) provisions in the Sarbanes-Oxley Act and new SEC requirements that are causing accountants to spend more time with audit committees and working on companies' Forms 10-K and 10-Q, and (2) the elimination of a market-participant, Arthur Andersen LLP.

The Sarbanes-Oxley Act imposes new risks on officers of public companies. Among other things, the chief executive and financial officers must certify, in each of the company's Forms 10-K and 10-Q, that the report "fairly presents, in all material respects, the financial condition and results of operations of the issuer." An officer who signs this certification, knowing the report does not comply, may be fined up to $1 million and imprisoned up to 10 years; "willful" violators may be fined up to $5 million and imprisoned up to 20 years.

Members of audit committees face new burdens. The Sarbanes-Oxley Act and corporate governance initiatives by the stock exchanges and Nasdaq generally require audit committees to oversee more actively companies' independent accountants and internal controls.

The costs of regulatory compliance have increased. Among other things, the SEC has proposed to expand significantly the circumstances that necessitate the filing of a Current Report on Form 8-K, and the Sarbanes-Oxley Act substantially shortens the period for making filings under Section 16 of the Securities Exchange Act.

The cost of directors' and officers' ("D&O") insurance is likely to increase substantially for public companies. A recent report by Willis Group Holdings, Ltd. concludes that financially strong companies face increases of 25% to 40% in D&O premiums while weaker companies can expect increases of as much as 400%.

Two financial developments have also fostered going-private transactions. First, large pools of capital are currently available for going private transactions. According to Buyouts, fourteen buyout funds raised a total of $5.54 billion in the third quarter of 2002. Second, relatively low interest rates may permit privatizations to be financed on attractive terms with borrowed funds.

Realizing Value After a Privatization

There are many ways to realize value after taking a company private. The business could be taken public again or could be acquired. Duracell is one of the better-known examples. In June 1988, KKR paid $1.8 billion for Duracell, of which $350 million was equity. In May 1991, KKR took Duracell public. Five years later, Gillette acquired Duracell for $7.8 billion. A privatized company can also be sold without first going public.

Finally, it is also possible to realize value from a privatized company by increasing its profitability and making distributions to its owners. Depending on the owners' tax-status and future plans, it may be tax-efficient to convert the newly-private corporation into a limited liability company or S-corporation. This has the effect of subjecting the company's income to only one level of U.S. federal and, depending on the jurisdiction, state income tax.

Methods for Going Private

A company can go private in a variety of ways, including a merger, a tender offer, and a reverse stock split. A privatization typically commences when a prospective buyer approaches a public company, which may form a special committee to consider the proposal. The special committee retains legal and financial advisors and negotiates with the prospective acquiror.

In a going-private merger, the parties execute a merger agreement, and the company sends its stockholders a proxy statement soliciting votes on the merger. If all conditions to the merger are satisfied, the parties file certificates of merger with the relevant states, and the public company merges with an entity formed by the buyer. As a result of the merger and by operation of law, the shares of the public company's stock (other than shares owned by the buyer) are converted into the right to assert appraisal rights or receive the merger consideration. The merger consideration is the cash or stock paid to the stockholders. A merger typically leaves the surviving corporation with one stockholder, a subsidiary of the buyer. The surviving corporation then files a Form 15 with the SEC and thereby goes private.

In a tender offer, the acquiror purchases shares directly from the public company's stockholders. The acquiror sends the stockholders a written offering document, the "offer to purchase," and a letter of transmittal, which stockholders use to tender shares. Tender offers are commonly conditioned on the buyer's holding at least 90% of each class of the company's stock following the offer. Ownership of at least 90% of the stock permits the buyer to complete a short-form merger, without a vote of stockholders or soliciting proxies. In the short-form merger, the shares that were not tendered are typically converted into the right to assert appraisal rights or receive the same consideration that was paid to the tendering stockholders. At the conclusion of the short-form merger, the company typically has one stockholder, a subsidiary of the buyer.

Companies can – but rarely do – go private through a reverse stock split. In a reverse stock split, each outstanding share is converted into a fraction of a new share, and stockholders receive certificates representing whole shares and cash in lieu of fractional shares. For example, in a 1-for-10,000 split, each stockholder who owned less than 10,000 shares would receive cash only, each stockholder who owned 10,000 shares would receive 1 new share, and each stockholder who owned more than 10,000 shares would receive 1 new share for each 10,000 shares owned and cash for the remainder of his shares. A reverse stock split is generally effected by amending the company's certificate of incorporation; this requires the company to disseminate a proxy statement and permit stockholders to vote on the amendment. A 1-for-10,000 split effectively cashes out holders of less than 10,000 shares and reduces the number of stockholders. If the number of record stockholders falls below 300, the company may go private.

Business Organizations Mergers, Acquisitions, and Reorganizations 639
Source: http://articles.corporate.findlaw.com/articles/file/00144/008504

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'Alone we can do so little; together we can do so much.' - Helen Keller


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TradingWizard
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And if you did not know what are TA duties, here it go:

Q1: What is a Stock Transfer Agent? What services does EquiServe provide to the company that I actually own stock in?

A stock transfer agent is hired by a publicly traded company to maintain records of who owns the company's stock. Duties of a stock transfer agent (i.e. EquiServe) are:

- to keep the officially recorded books of ownership for the company, including facilitating the transferring of ownership of the stock
- to make dividend payments that the company has declared and funded
- to reinvest dividends and additional cash payments for shareholders to purchase stock if the company offers an investment plan
- to mail annual meeting materials to shareholders, and tabulate proxy results

Arising from these responsibilities are many others. For instance, because we calculate and mail dividend payments, we also communicate tax reporting information. In addition, EquiServe is often called upon to facilitate and process corporate reorganization transactions (such as mergers and acquisitions), as well as administer employee stock purchase and stock option plans.

Source: http://www.equiserve.com/shs/faq/faq_stock.htm

------------------
'Alone we can do so little; together we can do so much.' - Helen Keller


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TradingWizard
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....and if you want more about TAs (Transfer Agents) here is the link:
http://www.stocktransfer.com/index.cfm?action=professionals.SEC.TARules#top/

Happy reading!

------------------
'Alone we can do so little; together we can do so much.' - Helen Keller


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cool1sh
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I need 5cents dividend

Too greedy? May be


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beefcake
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joel on ibc radio said he just called 400 billion share outstanding cmkx
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Upside
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quote:
joel on ibc radio said he just called 400 billion share outstanding cmkx

Was he stating an opinion or a known fact?


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TradingWizard
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Here is something from another board, so may be the number slipped out during other calls:

----------------------------------------
By: abadgoodgirl
30 Jun 2004, 12:38 AM EDT
Msg. 31739 of 32187
(This msg. is a reply to 31720 by RichieBoy.)
Jump to msg. #
When I spoke with Pacific, the guy told me they had gotten the documents earlier because the date was "pushed up". Said he wasn't supposed to have them until July 28.

Said he didn't get the computer disk from prior transfer agent but that she was suppose to get the software company to burn one. Otherwise they are entering data manually.

He said he does have the list of the 900 shareholders although somebody else said he said 965 shareholders.

He said around the 8th. Depends if they can get the disk. But he knows right now the number of shares outstanding. He got the list from the prior transfer agent.

He is merely going to enter information on his computer so it can track stock transactions such as retiring shares and such.

[This message has been edited by TradingWizard (edited June 30, 2004).]


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Bo14172
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BeefCake and all...

Please, please only base this or any holdings mostly on facts.

Many others have reported calling the transfer agent, who indicated that at this time, such a number is not ready to be released.

Regardless of which of the above case is closer to the truth, may I suggest to await announcements from CMKX or Attorney Glenn regarding this or any other issue.

Also remember what I mentioned regarding the definition of the float is:
Oustanding Share minus Shares Held by Insiders of the Corporation.

Regardless of what the O/S number is, it is also important to keep in mind those shares held by insiders to determine the tradable float. Be well, Bo

[This message has been edited by Bo14172 (edited June 30, 2004).]


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GREGDOGG
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Buys coming in at .0005
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TradingWizard
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If 400 is right then Sterling may have been wrong (this is from other boards):

Posts: 55
Re: STERLING: "Wouldn't surprise me OS less t
« Reply #21 on: Today at 11:48am »

--------------------------------------------------------------------------------
Sometimes I have theories and sometimes I have questions. Right now, I have a question for all of you folks who are convinced the o/s is over 100 billion. Have you seen, WITH YOUR OWN EYES, documentation of CMKX having authorized 500 Billion shares? We have people looking for these papers and so far, no one has produced them. Until someone does, the only people whose theories are based on published, verifiable fact, are those people who say that Urban has bought up, and retired the float. I understand quite well, that either way, good things can happen for the company. I am just trying to base my beliefs and expectations on what is known, rather than what is conjecture. Thanks in advance for sharing what you find!

Peace!
bubbles

-------------------------------------------
Author Topic: CMKX = LOW O/S = HIGH PPS!!! (Read 102 times)
bluediamonds
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CMKX = LOW O/S = HIGH PPS!!!
« Thread started on: Jun 29th, 2004, 12:29pm »

--------------------------------------------------------------------------------
CMKX = LOW O/S = HIGH PPS!!!

Marley
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member is online

Posts: 12
Re: STERLING: "Wouldn't surprise me OS less than 100M
« Reply #20 on: Today at 11:41am »

--------------------------------------------------------------------------------
THIS IS JUST MY OPINION, and you certainly don't need to believe it, but I've mentioned it before on this board. I think a very low outstanding is certainly a possibility. I'm not a pumper, I'm a CPA who has worked in the financial/business world for many years. I was an auditor for many years, so I have a tendency to be skeptical. But this is the best upside potential I have ever seen with the smallest downside risk. I am willing to take this chance in a big way. The amount I have learned from other CMKX posters on various boards is worth a lot to me. So whatever happens, I won't feel like I've lost.

I have worked with many small business owners who work so hard to make it. They work so hard and often fail because of things outside their control. When they can smell victory, they know they were the ones who always believed in themselves, they had been doubted by so many others. Most of the time they did most of the work and don't feel they owe anything to others, except those who believed in them (longs). I am very strong on my feelings toward CMKX. To me, like many others have said, it appears it could be a chance of a lifetime. But this is my opinion and I'm glad Sterling is proposing an outstanding that I think is VERY POSSIBLE.

I agree with Sterling's analysis. I think there is a good chance the outstanding is very low. I also think UC KNOWS he's got something really big in CMKX, maybe far more than we could currently imagine. I think we all agree he could not have gotten Glenn unless he had something really special, and I don't think he needed Glenn, specifically, if he didn't have a fight to settle with the MM's (SEC Connections).

First of all, I believe UC found out he had some exceptional property with a lot of value. Nothing official, just based upon some confidential outside expertise that wasn't reported to the public. Then he realized he needed to get back his shares so he could get as much of the ownership as possible. Why give away millions/billions of dollars when you can buy your shares (potentially worth more than $1) back for .0001 or less. He knew his shares were ridiculously underpriced. He did all the work. Why should he give away millions of dollars. If the outstanding was 30 billion, all he needed was $3 million or less to buy it all back if the price stayed at .0001 or less. (Even today, assuming UC's property has the value, if UC wants to screw the naked shorters, why not borrow enough money to buy enough shares to get the outstanding down really low, since the price is only .0005. He knows the value of his property. They seem more than willing to keep shorting the stock. They're not playing fair. Buy the shares down to near zero and wait for the valuation.
The naked shorters will be screwed.)

Some people have posted that he comes from money, so if this is true, I think he could get that kind of money. Especially, if he had something potentially worth billions. When he started retiring shares at the end of 2003, he may have been trying to buy back the outstanding to zero so he would have total control of his dream. I know some people on this board disagreed with me on a previous post when I used share buy-back and retirement interchangably, but the only way I know to retire shares is to buy them and retire them. In any case, this is the usual way to retire them. Where else are they going to come from? To an owner who has all the stock, it doesn't matter if the outstanding is a billion shares or a 100 shares. They're all his. So I believe he may have kept buying the outstanding until he reached a point where he was real close to eliminating the outstanding and his shares were still being traded in the billions. This got him very angry and he new he needed big time help to deal with this.

------------------
'Alone we can do so little; together we can do so much.' - Helen Keller


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Az...Cats
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Phone number for transfer agent 702-361-3033.
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TradingWizard
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quote:
Originally posted by Az...Cats:
Phone number for transfer agent 702-361-3033.

Are you calling them? lol


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Az...Cats
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Called and confirmed 400 billion
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Bo14172
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Melvin just called into IBC Radio and clearly and sternly stated, that unless you hear any information from CMKX through a press release, do not believe any speculation that is out there. He stated the 400B O/S is not true!

Let's wait for facts and base our discussions and investment decisions on that.
It's good he cleared this up quickly.

[This message has been edited by Bo14172 (edited June 30, 2004).]


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TradingWizard
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Okay, suppose this number is correct, is it safe to re-initiate the conversation of revers split now or it is still premature until the official confirmation.

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Bo thanks.
I guess you can leave my previous comment in sleep mode for now.

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Upside
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originally posted by Az...Cats:
quote:
Called and confirmed 400 billion

Az,
Are you saying that you called and they actually confirmed it? Could you tell us who you spoke with?


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TradingWizard
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Just moving up the page...

Interesting that the O/S count came from Joel. Melvin likes him, would Jeol be mistaken or it is honest finding? Lets find out.

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droppinthej
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Up 1,150%??? is that an error? I'm getting .005 on scottrade streaming quotes
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TradingWizard
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I just saw this too.
MM's tricks, maybe; or just typo????

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ali
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Did anyone hear Melvin on IBC radio today?

By: cmkxgroup
30 Jun 2004, 01:58 PM EDT
Msg. 345158 of 345210
Jump to msg. #

Melvin said please disregard anything unless you got it from the company official PR.
http://ragingbull.lycos.com/mboard/boards.cgi?board=CMKX&read=345158

By: hades_ny
30 Jun 2004, 01:58 PM EDT
Msg. 345161 of 345224
Jump to msg. #

MELVIN ON THE AIR HE DENIES THAT THE OS IS 400 BILLION!!!!
OHHHHHHHHHH

(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
http://ragingbull.lycos.com/mboard/boards.cgi?board=CMKX&read=345161


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