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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » CMKX IV New Thread....GOT IT - HOLDIN' IT (Page 21)

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Author Topic: CMKX IV New Thread....GOT IT - HOLDIN' IT
FJEAN2
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quote:
Originally posted by Money_Penny:
I'm showing 5.2 billion.


why such a high volume? 5.2 billion would be the highest i've seen CMKX traded since that fake pr last month.

------------------
IN SUB-PENNY WE TRUST


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Money_Penny
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Paul, you seem to know Darren so perhaps it might be in order to "vouch" for Darren being a trustworthy person in case some people feel uneasy about sending money to a stranger.
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Wallace#1
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HH -

You could be right. If all the claims could produce (something we do not know), then, what you say would make sense. On the other hand if any, some or all are determined to be non-productive, then UC/CMKX would have valueless claims which neither UCAD nor anyone else would be interested in.

MP -

My interpretation of that release is that UCAD was buying the rights to those claims from CMKX. Once the deal was/is consumated, the only thing CMKX would get is the 7.5 mil shs. It may be that I am wrong as well.


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Money_Penny
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FJEAN,

I am not an expert on trade volume (in fact I was asking silly questions about it this morning ) but I would suspect that there is a lot of shuffling going on between MMs. Of course, we have had two positive PRs in a row so I would suspect a lot of buying to take place as well.


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VNGNTN1
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MP
Thanks for bumping "MELVIN DONATION"
Based on list of "messages(I have not yet < but I am not good at such things) if everyone donated $100 it would be comforting rescource for Melvin.
VAN

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Justhis1ce
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quote:
Originally posted by Wallace#1:
Brad/Justhis1ce -

Yes, your broker is saying the stock is in your name. However, that is only in connection with the electronic recordkeeping through themselves and DTC. In essence, those shares you have are in "street name", meaning they are in the name of the broker. The Transfer Agent does not have that very same information, and therefore, would probably not have the shares in your name. To carry it beyond to the possibility of the existence of naked shorted shares (what I call "air shares"), the only way to guarantee shares are in your name is to physically get them through your broker, through DTC and then from the Transfer Agent.


How do I get both the transfer agent and (?)DTC to get shares in my name. Is it conceivable that I may not enjoy dividends if the shares are "street" designated?


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Brad
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quote:
Originally posted by Justhis1ce:
How do I get both the transfer agent and (?)DTC to get shares in my name. Is it conceivable that I may not enjoy dividends if the shares are "street" designated?


The only way that I know if is to request the actual certificates from your broker. They'll request them from the TA and the certificates will be mailed to you. The shares are then officially in your name. That obviously leads into another discussion (pros and cons) with holding the actual paper certificates.


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JBCak47
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Money_Penny

Hahaha that is great! Next week I will put in at least one hundred dollars, probably more like two hundred. At these levels every dollar adds up. I saw this with IBZT, I experinced this with Qbid (I got in at .0018). Even twenty dollars here or there will add up in shares. I love it!

Healthy competition my friends
=============================================

Pharm... CMKX sports a race car.

Q-Television sports 'Q-Mobiles'....

What about a Q-Tv Race car... seriously... lol... Maybe that would be too risque'.

The Wiener mobile, v-12 engine... Nitro!
=============================================
I just changed my order to 277k shares at .0004 lets hope it goes through

=============================================
-John-


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darrenbaker
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quote:
Originally posted by Money_Penny:
HAVE YOU MADE YOUR DONATIONS YET???

http://helpmelvinswife.net

[This message has been edited by darrenbaker (edited July 21, 2004).]


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f15crew
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I called Ameritrade today about transfering funds. If you go to "Account Services" you can set up Electronic funding for your Ameritrade account. It takes anywhere from 3 days to 2 weeks. You put in your bank account number and Ameritrade deposits 2 small amounts into your account. You contact your bank to get the amounts and then go back into Ameritrade to verify. After that, you can have instant transfers from your bank that costs you nothing. Hope this helps some.

Randy


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Money_Penny
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quote:
Originally posted by f15crew:
I called Ameritrade today about transfering funds. If you go to "Account Services" you can set up Electronic funding for your Ameritrade account. It takes anywhere from 3 days to 2 weeks. You put in your bank account number and Ameritrade deposits 2 small amounts into your account. You contact your bank to get the amounts and then go back into Ameritrade to verify. After that, you can have instant transfers from your bank that costs you nothing. Hope this helps some.

Randy


Randy,

Important note: Ameritrade will put a 5-trading day hold on the funds received if you are purchasing pinks!!! 5 days is an eternity if your stock is going up. I found out the hard way.


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Brad
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quote:
Originally posted by f15crew:
I called Ameritrade today about transfering funds. If you go to "Account Services" you can set up Electronic funding for your Ameritrade account. It takes anywhere from 3 days to 2 weeks. You put in your bank account number and Ameritrade deposits 2 small amounts into your account. You contact your bank to get the amounts and then go back into Ameritrade to verify. After that, you can have instant transfers from your bank that costs you nothing. Hope this helps some.

Randy


You can have electronic transfers made to your Ameritrade from your bank account indeed. But the transfers aren't "instant" if you're trying to trade non-marginable securities. Ameritrade puts a 5 business day hold on the funds. However, you can trade marginable securities instantly. The only way to transfer funds and trade non-marginable securities with those funds "instantly" is to have the funds wired from your bank. Hope this helps.


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VNGNTN1
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I receive a news alert at YAHOO from UCAD that spins the CMKM deal a little different.Can someone figure out out to get that to this board so I can comment ?
What I read was different from last PR
VAN
PS Who is Nevada minerals???UCAD claims purchased 20% on thier claims.Is cmkm somehow involoved ?

[This message has been edited by VNGNTN1 (edited July 21, 2004).]

[This message has been edited by VNGNTN1 (edited July 21, 2004).]


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finky4x2
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Topic: You Guys....Read this....Re:Sterling (Read 884 times)

Canuck
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You Guys....Read this....Re:Sterling
« Thread started on: Today at 12:19pm »

--------------------------------------------------------------------------------
I am not sure I understood Sterling’s post but I think he has gone nuts...

This is not rocket science although Sterling would like people to think it is.

Let’s say there are 500 cars for sale from Casavant Cars. 500 people come into the store to buy a car. The dealer (JEFF car sales) sells each one of them a car. Later that day, 200 more people come in to buy cars. He has no cars, but writes up a sale and takes their money. Now at some point he has to deliver these 200 (shorted) cars. On paper, all 700 people own a car. 500 people actually have cars, 200 think they have cars. Everyone is happy. The dealer has made a ton of free money.

Now, what the JEFF the dealer is counting on is that by the time any people from the block of 200 buyers come in to pick up their car, some of the original block of 500 would have sold the car back to JEFF the dealer at a lower price. Then he can take these cars and give them to the second block of people who has come in to get their cars.

Suddenly Casavant Cars informs all Casavant car owners that they will be receiving a free UCAD toaster for their loyalty and to pick them up at the JEFF’s dealership on Aug 20. Now JEFF the dealer is screwed because he has sold 700 cars. 700 people are coming to get their toasters. So he either has to convince 200 of the owners to sell him their cars before Aug 20, or he has to get 200 more toasters from somewhere.

So what will the dealer do? Whatever is cheaper.

Let says buying the cars back it cheaper. First he is not going to make a big deal out of the toasters because ideally he would like to buy the cars back to get his books in order. So he does what he can to convince people to sell him the cars back. If it appears that nobody is selling their cars, he will have to offer more money to convince them to sell. He will have to keep jacking up what price he is willing to buy at until he can convince 200 people out of the 700 to sell their cars. Now let say he has managed to convince (or scared) 100 people to sell their cars. But he still needs 100 more cars or has to buy 100 UCAD toasters out of his pocket.

At some point JEFF the dealer may realize it is cheaper to buy 100 more UCAD toasters to give to the people, rather than paying a premium for 100 cars. So he will buy 100 UCAD toasters to cover his shorted cars. Now he is thinking “whew, that was close.” However, he still has 100 cars that he can not deliver on.

But then, Casavant cars announce that they are providing another loyalty reward to car owners. Casavant cars have manufactured 500 special CIM car stereos for all their car owners, and to pick these up at JEFF dealership on Aug 30. Now the dealer is screwed because 600 people are going to show up to get their new CIM stereos and he only has 500, *and* the dealer can not buy extra stereos from anywhere. So the only way to stay out of jail is to do *whatever* it takes to get 100 more people to sell their cars.

I hope this makes sense. Ignore Sterling’s weird theories and ramblings. It is not rocket science, it’s simple math. (No disrespect Sterling, but give me a break.)

His double cover theory is ridiculous.

JMO.

« Last Edit: Today at 12:32pm by Canuck » Logged

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"My fear is not that pe



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Upside
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Cars, toasters, double shorts, UCAD, CIM, Funny cars, etc. Isn't the simplest theory that the company has issued 400 to 500 billion shares and is basically worthless?
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VNGNTN1
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UPSIDE
BOY Isn't that true sure glad most 99% of my money is in "real" stock. Actually they are not doing well of late ,but that $300a a month dividend keeps me going.
VAN

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Money_Penny
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Wow, I like the analogy with the cars, toasters and car stereos! Makes perfect sense, but does it relate 100% to the real world? I mean people don't invest in cars and expect a return when they sell them 5 years down the road (unless they're oldtimers). Thoughts?
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Upside
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originally posted by Van:
quote:
UPSIDE
BOY Isn't that true sure glad most 99% of my money is in "real" stock. Actually they are not doing well of late ,but that $300a a month dividend keeps me going.
VAN

You and me both Van. But, the little bit of our assets we have in the pennys are unquestionably the most entertaining!


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Money_Penny
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Van, this one?

-------------------------------

July 21, 2004 04:42 PM US Eastern Timezone

U.S. Canadian Minerals Inc. Announces Its Subsidiary, Juina Mining Corp., Has Received the First Delivery of Processed Gold from the Yellow River Gold Mine

LAS VEGAS--(BUSINESS WIRE)--July 21, 2004--U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced today that its subsidiary, Juina Mining Corp. (Pink Sheets: GEMM), has received its first delivery of processed gold from the Yellow River Gold Mine. Juina will continue to process at Yellow River and update and expand its current facilities.


U.S. Canadian Minerals owns a majority interest in Juina Mining Corp., a Nevada corporation. Juina has a substantial interest in a joint venture partnership with DIAGEM International Resource Corp. (DGM) in the Brazilian company Juina Mining Mineracao, Ltd. (JMML), which holds a majority working interest in the mining and mineral rights to approximately 1,000 hectares (2,471 acres) of diamond bearing land in the District of Juina, Mato Grosso, Brazil -- the "Property 1000." Property 1000 is located in the District of Juina, at the southern region of the Amazon Basin.

Rendal Williams, CEO of U.S. Canadian Minerals, commented, "We are extremely excited that we have received this first gold shipment and believe this is indicative that deliveries will continue on a regular basis."

Further details relative to this project, and other potential upcoming projects, will be forthcoming in future press releases and at http://uscanadianminerals.com; http://www.juinamining.com/; http://yellowriver.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.


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bill1352
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i had excepted the idea the other day the this deal with UCAD was worth 510 million because of the days pps x the number of shares but after further thought i think this is wrong...true the pps of the day was 3.40 but the date the shares will be recorded as transfered is the real value of the deal unless UCAD issued the shares to cmkx that day...i've seen this before as i'm sure others have...company a is buying company b for x number of shares valued as of x date a week or 2 in the future... what i'm saying is that to try and put a value because of this deal on cmkx you need the pps of ucad on the 20th of aug....it could be $2..it could be $20...we dont know yet
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Brad
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Ok folks, bear with me for a second. As much as I'd like to see this stock go through the roof (8 mil shares I'm holding) I try to keep my feet on the ground with all the hype. I'll admit, I've been sitting around dreaming about putting in my 2 week's notice at work and starting to build my new house.

But don't you think the MM's have been in this situation before? These aren't a couple of guys sitting in their apartments making these decisions to naked short a stock. These are huge firms. The decision to naked short a stock has to be somewhat calculated and certainly a method of recovering should the stock go up is equally as calculated. I'm just saying, these guys do this for a living. Do we honestly think they're up at night worried about what they're going to do by Aug 20th? Maybe. I have no idea. Or do they know exactly how they can recover the naked shares without causing them huge losses. I mean, c'mon, if anyone says that TENS OF BILLIONS of dollars (or more) in losses for these guys is simply chump change, you simply can't be serious. That's a big friggen deal no matter how big your company is.

I don't know that I totally buy into Sterling's theory of Double Covering the shorts but isn't it possible that some shuffling game is going on just the same that is allowing the MM's to retire shares without taking the big hit? We already know they're playing games just by looking at the trading activity everyday. The question is, do we really understand the game?

I just come from the background that says, if it sounds too good to be true, it probably is. I've always lived that way. It doesn't mean I don't take my chances sometimes hoping for the big one. Hey I buy lottery tickets too. And I've read probably every single post on 4 different boards for the past 6 weeks so I have a pretty good idea of all the theories. All of them. (At least all of them people have posted:-) )

My gut just keeps telling me to lean more towards the "too good to be true" scenario so that I won't be disappointed in the end. With that being said, I don't intend to sell my shares off early and I hope that every last shareholder can hold on as long as well. I just needed to get that off my chest and would welcome comments from the rest of you. Maybe it just comes down to faith all of you have. That's OK too.


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Money_Penny
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Van,

I think this is what you were taking about.
http://pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3D%5C2004%5C07%5C21%5CEDGARNews_0001232247-04-0000320001104194.html%26clientid%3D168%26provider%3DEDGARnews&symbol =UCAD

There is too much text to paste in here but the important sections are:

---------------------------------------

ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.

The Company purchased 5% of all current and future claim holdings and mineral interests of CMKM Diamonds in exchange for 7.5 million shares of common stock of U. S. Canadian. In addition, the Company acquired an option to purchase an additional 10% of such interests for $15,000,000.

The Claims are located mostly in Sasketchewan Canada.

The Company also purchased an additional 20% of the Saskatechewan claims held by Nevada Minerals, Inc. with whom the Company has a Joint Venture Agreement.

-----------------------------------------

and (from another board)

-------------------------------------------
1: restricted shares for 1 year

"The shares exchanged hereunder shall be newly issued restricted shares under Rule 144 with a holding period of at least one year from the date of their issuance by UCAD and shall not have the holding period thereunder shortened by means of a dividend."

2. Transaction as of July 19

"Place and Time. The closing of the sale and purchase of the Assets (the Closing) shall take place at the offices of U. S. Canadian no later than the close of business on July 19, 2004, or at such other place, date and time as the parties may agree in writing. "

"Deliveries by Buyer. At the Closing, Buyer shall deliver the following to Seller:

(a) The shares as contemplated by section 1. "

-------------------------------------------

Get out the scalpels and go to work you animals!!!


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bill1352
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that seems to support what i was thinking MP..do you agree..today the value of cmkx would be 7.5 million X $4.75 = 35,625,000 X 20 = 712,500,000. not the 521,000,000 being used the other day and then who know what ucad's pps will be on the 19th
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Upside
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Here's a link to the full blown Rule 144:
http://www.sec.gov/about/forms/rule144.pdf

and here is the synopsis of it:

Rule 144: Selling Restricted and Control Securities
When you acquire restricted securities or hold control securities, you must find an exemption from the SEC's registration requirements to sell them in the marketplace. Rule 144 allows public resale of restricted and control securities if a number of conditions are met. This overview tells you what you need to know about selling your restricted or control securities. It also describes how to have a restrictive legend removed.

What Are Restricted and Control Securities?
Restricted securities are securities acquired in unregistered, private sales from the issuer or from an affiliate of the issuer. Investors typically receive restricted securities through private placement offerings, Regulation D offerings, employee stock benefit plans, as compensation for professional services, or in exchange for providing "seed money" or start-up capital to the company. Rule 144(a)(3) identifies what sales produce restricted securities.

Control securities are those held by an affiliate of the issuing company. An affiliate is a person, such as a director or large shareholder, in a relationship of control with the issuer. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise. If you buy securities from a controlling person or "affiliate," you take restricted securities, even if they were not restricted in the affiliate's hands.

If you acquire restricted securities, you almost always will receive a certificate stamped with a "restricted" legend. The legend indicates that the securities may not be resold in the marketplace unless they are registered with the SEC or are exempt from the registration requirements. The certificates of control securities are usually not stamped with a legend.

What Are the Conditions of Rule 144?
If you want to sell your restricted or control securities to the public, you can follow the conditions set forth in Rule 144. The rule is not the exclusive means for selling restricted or control securities, but provides a "safe harbor" exemption to sellers. The rule's five conditions are summarized below:

Holding Period. Before you may sell restricted securities in the marketplace, you must hold them for at least one year. The one-year period holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But an affiliate's resale is subject to the other conditions of the rule.
Additional securities purchased from the issuer do not affect the holding period of previously purchased securities of the same class. If you purchased restricted securities from another non-affiliate, you can tack on that non-affiliate's holding period to your holding period. For gifts made by an affiliate, the holding period begins when the affiliate acquired the securities and not on the date of the gift. In the case of a stock option, such as one an employee receives, the holding period always begins as of the date the option is exercised and not the date it is granted.


Adequate Current Information. There must be adequate current information about the issuer of the securities before the sale can be made. This generally means the issuer has complied with the periodic reporting requirements of the Securities Exchange Act of 1934.


Trading Volume Formula. After the one-year holding period, the number of shares you may sell during any three-month period can't exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange or quoted on Nasdaq, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing a notice of the sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.


Ordinary Brokerage Transactions. The sales must be handled in all respects as routine trading transactions, and brokers may not receive more than a normal commission. Neither the seller nor the broker can solicit orders to buy the securities.


Filing Notice With the SEC. At the time you place your order, you must file a notice with the SEC on Form 144 if the sale involves more than 500 shares or the aggregate dollar amount is greater than $10,000 in any three-month period. The sale must take place within three months of filing the Form and, if the securities have not been sold, you must file an amended notice.

If you are not an affiliate of the issuer and have held restricted securities for two years, you can sell them without regard to the above conditions.

Can the Securities Be Sold Publicly If the Conditions of Rule 144 Have Been Met?
Even if you have met the conditions of Rule 144, you can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer—usually in the form of an opinion letter from the issuer's counsel—that the restricted legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and execute the trade in the marketplace.

To begin the process, an investor should contact the company that issued the securities, or the transfer agent of the company's securities, to ask about the procedures for removing a legend. Since removing the legend can be a complicated process, if you're considering buying or selling a restricted security, it would be wise for you to consult an attorney who specializes in securities law.

What If a Dispute Arises Over Whether I Can Remove the Legend?
If a dispute arises about whether a restricted legend can be removed, the SEC will not intervene. The removal of a legend is a matter solely in the discretion of the issuer of the securities. State law, not federal law, covers disputes about the removal of legends. Thus, the SEC will not take action in any decision or dispute about removing a restrictive legend.
http://www.sec.gov/investor/pubs/rule144.htm


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bill1352
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the way ucads pps is moving it could bring the final cost of 7.5 million shares of ucad to 1 billion and using the idea that the final cost of this deal puts a set value on cmkx's claims and using the highest o/s idea which is 400 billion our pps should be .0025...this wouldn't even take ucad's pps to its 52 week high
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richnessforeveryon2
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Wallace I thanks for your support
Yes I was baned for the second time but no problem here I can came back as so often I want til richnessforeveyon123456789....(do you hear noah my friend ?????)
I will answer here a few questions I see on the board which was for me...
I was a shareholder with 20M in the past and sold for a nice profit in the hype a few weeks ago......
Yes I follow still CMKX (til for one two weeks) like all serious trader follow a stock he sold for learn from him and for see if he was right in selling........
Wallace now is time for me to leave this board where people talk about ladies like a merchandise and where other disavow
their European origins

I was never in the US and if you the US young people think so about women and people I'm glad to live here in europe and I'm very proud to have a french/italian origin (yes people no dutch).
Respect in women which give rise to the children is the more important in live...
THE WOMEN ARE NOT GOODS

You have a lot to learn from the French and the Italien (the best lovers in the world...lol)
Wallace i think its time for us to leave this people and to let them alone here......
Thanks again for your support....

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bill1352
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where is the idea of the ucad shares being restricted coming from? i don't see anything in the pr like that. did i miss something?
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VNGNTN1
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MP
Yesthat's the one.
Seems that may be the best reason UCAD is moving??
UPSIDE
This looks like something to pursue are we not very close to 1 yaer on CIM ?
VAN

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bill1352
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good luck to ya richness i hope you find what your looking for
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Upside
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Bill,
This is from UCAD's p/r today.

quote:
1: restricted shares for 1 year

"The shares exchanged hereunder shall be newly issued restricted shares under Rule 144 with a holding period of at least one year from the date of their issuance by UCAD and shall not have the holding period thereunder shortened by means of a dividend."


I think it means that CMKX cannot distribute them for at least one year although I'm not sure of this.

[This message has been edited by Upside (edited July 21, 2004).]


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bill1352
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i think your right upside...i think it also changes the value of the deal and thus the set value of our stocks
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HarryHar
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Brad

I think you're right. The MM's are not sweating and losing sleep. Maybe a little sleep, but not a whole lot. I still believe that:

1. they can create more naked shorts in the meantime before aug20 and manipulate the ask/bid to make more profits from naked short selling this stock

2. with the money they can make from more naked short selling, they can reduce the financial hit their companies will take

3. possibly walk away aug20 with a profit after covering all their naked shorts

Now, for all these to happen, they would have to run the price up to a point where people think that it has broken loose of the MM's. They sell their naked shorts out and pocket that money, at sells around .001 or maybe more. Then they could walk that price back down buy coming together and getting that bid/ask down to say .0004. At that point, they buy like crazy. That's money made for them. They can do this several times before Aug20, and still retire their naked shorts in the midst of making all that money. IMO this is how they will cover their butts. If the price doesn't ever run up between now and aug20 I have no idea how they're gonna get out of this thing...any thoughts? please?


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bill1352
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hmmm...i dont have that pr in my msn money chart for ucad...only one for today is about the gold shipment
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casico
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quote:
Originally posted by richnessforeveryon2:
Wallace I thanks for your support
Yes I was baned for the second time but no problem here I can came back as so often I want til richnessforeveyon123456789....[b](do you hear noah my friend ?????)

I will answer here a few questions I see on the board which was for me...
I was a shareholder with 20M in the past and sold for a nice profit in the hype a few weeks ago......
Yes I follow still CMKX (til for one two weeks) like all serious trader follow a stock he sold for learn from him and for see if he was right in selling........
Wallace now is time for me to leave this board where people talk about ladies like a merchandise and where other disavow
their European origins

I was never in the US and if you the US young people think so about women and people I'm glad to live here in europe and I'm very proud to have a french/italian origin (yes people no dutch).
Respect in women which give rise to the children is the more important in live...
THE WOMEN ARE NOT GOODS

You have a lot to learn from the French and the Italien (the best lovers in the world...lol)
Wallace i think its time for us to leave this people and to let them alone here......
Thanks again for your support....[/B]

Lets see what have the Euro trash brought to America...Hmmm Slavery, disease( small pox)
Taxes,...Oh I could go on but what is the point..And women,,what about the custom of giving young girls to old men just to secure land rigths...F----Y--- You piece of Euro Trash


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bill1352
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if it doesn't run up there is nothing to cover and the pps is because the o/s is 400 billion. its the only explaination possible then
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