ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. The Company purchased 5% of all current and future claimholdings and mineral interests of CMKM Diamonds in exchangefor 7.5 million shares of common stock of U. S. Canadian. Inaddition, the Company acquired an option to purchase an additional10% of such interests for $15,000,000.
quote:Originally posted by Upside: Money_Penny, When I click on the link you provided to the UCAD p/r, I get a forbidden message. Can you try it again?
Fixed it... no I didn't. Aaaaaarghh this is frustrating. OK do this. Go to pinksheets.com, search for UCAD, click on news, then click on second news story from top.
This message has been edited 50 friggin' times....
[This message has been edited by Money_Penny (edited July 21, 2004).]
[This message has been edited by Money_Penny (edited July 21, 2004).]
[This message has been edited by Money_Penny (edited July 21, 2004).]
quote:Originally posted by Money_Penny: Fixed it... no I didn't. Aaaaaarghh this is frustrating. OK do this. Click the link and them click on the second news story from the top. http://www.pinksheets.com/quote/news.jsp?symbol=UCAD
[This message has been edited by Money_Penny (edited July 21, 2004).]
[This message has been edited by Money_Penny (edited July 21, 2004).]
posted
Looks like this deal also gets UC (or whomever they pick) a spot on UCAD's board...
(c) Seller shall have appointed and Buyer shall have properly accepted and added one member to the Buyers Board which shall have been chosen by Seller and whose term shall run until the next regularly scheduled Board election.
posted
the closing price of ucad on the 19th was 4.50 so the deal was worth $4.50 X 7.5mil = 33,750,000...thus this times 20 = 675,000,000 if you use the 400 billion o/s number you get a pps of .0017....i would say our pps is a bit undervalued
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posted
I contacted the office of the Secretary of state for Nevada to ask them some questions. They were very helpful and provided the information that they had on the company.
They also pointed me to regulations that govern all Nevada public companies.
NRS 78.257 Right of Stockholders to inspect copy and audit financial records. The down side is that it requires 15% of outstanding shares to be owned or authorized in writing by holders of such shares.
The upside is that I have requested specifically that information from Mr Glenn. To know if I have enough shares to look at the books I must know the number of o/s to know if I meet the minimum requirement.
- All of this speculation is mind numbing -
Lets get some answers and determine how to proceed.
quote:Originally posted by shadow: I contacted the office of the Secretary of state for Nevada to ask them some questions. They were very helpful and provided the information that they had on the company.
They also pointed me to regulations that govern all Nevada public companies.
NRS 78.257 Right of Stockholders to inspect copy and audit financial records. The down side is that it requires 15% of outstanding shares to be owned or authorized in writing by holders of such shares.
The upside is that I have requested specifically that information from Mr Glenn. To know if I have enough shares to look at the books I must know the number of o/s to know if I meet the minimum requirement.
- All of this speculation is mind numbing -
Lets get some answers and determine how to proceed.
That would be too easy. I think they're gonna ask you how many shares you own and then they'll say no, you own less than 15%.
posted
Shadow, It sure would be good in the know and I think you are on to something looking to D. Glenn man.Now he is in the know.But I doubt we'll find out much untill CIM starts to trade. Just my guess... everyone else has one.
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The good thing is that I do not have to provide anything... if they want to stay in good with the state then they will have to tell me how many shares is required to meet the minimum. The onus would then be on me to gather that many shares or permission from other shareholders.
If they do not provide the information then we get to take advantage of the awesome government services provided by the great state of Nevada. They can get the number if necessary and then provide that information. If the company refuses then penalties can ensue.
There are many agencies being paid for by the tax payer who are ready to help anyone for the asking.
This year the IRS found a mistake on my return. They gave me an unexpected extra $1700 ;-)
posted
I think we've been ignoring a big factor with this stock. The new buyers that are coming in from everyone talking about it. These individuals will buy legitimate 1mil-5mil shares each. This adds up and will eventually start to make itself known in the rising of the price. I repeat my previous statement that if shareholders are in this stock because it has been shortted, then they are in it for the wrong reason. I buy a stock for value,and right now, there appears to be a big return coming our way. All of this speculation makes us anxious and fretfull. We should sit back, wait for this thing to start paying big rewards. That's why we get into this thing,anyway. Unless you want a quick buck, and that's ok too, then keep the faith. Hold, hold, hold...buy if you're smart. Sell if you get scared, but don't forget your plan of attack when you got in. This in my humble opinon..
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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?
Wouldn't the above scenario be a very VERY risky one for the MM's to use to try and cover? What if they printed the additional 20billion shares. Sold them at around .0010, then tried to walk it down and nobody went for it and did not sell? Maybe the new buyers (most likely new investors) bought for the dividend payout and for a possible big return in the future. Wouldn't they be compounding an already big problem? My question, is there any other way they might go about trying to cover if there is such a big shorted problem? I mean they have to know that nobody is selling at .0004-.0005. So if they are soooo shorted and in need to buy back such a large volume, why aren't we sitting at .0006 - .0007 yet? It just all still seems so shady. In any case, I have not changed my stance. I'm in for the long haul no matter what. Like i said before, until we eather implode, or explode. I did not buy this thing to make a little profit, and i won't sweat if I loose a little.
Just one more thing. I have posted several times in the last week, and believe I have made some valid statements and asked some valid questions, and yet get few responces. I have seen this with other posts as well. It seems like everyone is more concerned with name calling and taking shots at one another. I hope in the future that will subside. And get back to what this type of message board is about. Friendly investors posting information, questions, concerns, and advice. And in return, get educational, and informative responses from other friendly investors.
If what richnessforeveryone said is true about being banned the second time, I feel that is grossly unfair. Maybe the first time was for cause...and now I think I remember what was said. That was not done or referred to the 2nd time by him and he probably recognized his mistake. We all make mistakes. If you did ban him the 2nd time, I am publicly asking you to reconsider...and I would hope others will join me in that request.
------------------------------------------------------------------------------------------ It does appear that UCAD is buying a 5% interest in the profits (and maybe expenses?) of CMKX's claims as opposed to buying the claims outright. In that case it just might be possible to conclude some kind of value for CMKX. I had interpreted that they bought the claims outright.
Richness has a problem writing English as we understand it. He is expressing opinions, ...some of which I agree with. His way of expressing them may appear hostile, but so what. I seem to recall many hostile remarks on this board - including my own retorts to things said to me.
Who cares? I DO AND HOPEFULLY OTHERS WILL!!!
I don't know if he was told why he was banned or given any explanation as to how he could make amends, but he should have that opportunity under any circumstances
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posted
After re-reading most of this thread, I agree with Wallace. I don't see a reason to ban him. He didn't attack anyone personally, just expressed his negative views on CMKX albeit in a somewhat hostile manner. If we wan't to start banning people for their views, how about a certain poster who claimed to have people on the floor of the exchanges feeding him information that both CMKX and QBID were going to a penny today? Or why not me? I've posted plenty of negative comments here and ruffled quite a few feathers. The fact of the matter is that some of us could find a reason to ban just about anyone here but it's a pretty simple thing to just ignore the posts that differ with your particular viewpoint.
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quote:He was calling everybody "you so stupid" and crap. Not cool.
Highway, I'll admit that I didn't read every one of his posts and that is what I seem to remember him saying too but I couldn't find a single case of it. I did find quite a few posts where he said "you so smart and I so stupid" or something to that effect. Either way, not really a solid reason to boot a guy.
posted
Well Wallace, I for one don't care that they banned his sorry a$$...not that my opinion counts for a whole lot, but I'll express it anyway.
It has nothing to do with his inability to type coherently in English or his ethnicity. Simply put, all he attempted to do was try and make people feel stupid for putting their money in this stock. It was simple (rather elementary) scare tactics. He didn’t try and validate his opinions with anything other than expressing how much experience and wisdom he possessed.
I really do try and spend most of my time on this board quietly reading and absorbing all that the veteran posters have to offer. I’ll pose a question or thought every now and then if I really feel like it and maybe get carried away once in a while. I’m appreciative of any post that is well thought out and in the best interest of the “community”, whether it be positive or negative. Expressing concern and doubt is one thing, but flat out asserting that anyone who puts their faith and money in this stock is a disillusioned dreamer, is quite another. Fact is NOBODY on these boards knows what the future holds for this stock. His posts were just as unproductive and unsubstantiated as Sarki’s. Neither should post that kind of rubbish on these boards, IMO.
posted
Thank you Upside. I would hope others will also comment favorably.
I would have thought someone would have been banned for many, many obscene remarks long before richnessforeveryone was banned. Even there I told Allstocks I would not agree with such banning.
Highwaychild -
No offense, but please check out some of your remarks to or about me as well as those to osubucks30 and others. -------------------------------------------- Some have claimed he is a fraud. I have seen no actual proof of that and refuse to accept such statements.
posted
LOL, seems like richness is not the only one in dire need of some English lessons . Upside, if you were banned and you had to come back, what would be your new user name? - I have a few suggestions (take it with a grain of salt, OK?):
Downside Darkside Flipside Otherside Upsidedown Backside (you said that, not me!) Outside
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posted
I never called you "stupid". Did call you a con man because YOU was commin' at everbody all hostile as well. Did say I wasn't big on the whole a$$ hole personality.True
I just come here lookin' for Knowledge, not a bunch of blah,blah,blah... CMKX bad bullcrap.
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