From Dr. D------------------------------------------
"Urban's Ark"
« Thread started on: Today at 04:53am »
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“Urban’s Ark”
So many have been asking me how is everyone going to get through this thing alive and many keep coming back with the same question over and over again. I think we need to look at the practical solutions that are at hand. Seeing we have dividends in other companies being added to our portfolios and percentages and finances going out of CMKX to other companies then we can clearly see that valuation is taking place for CMKX. Valuation is great but it still doesn’t get everyone from point A to point B.
Point A = possibly being in a Naked Short Position wondering if they are going to be covered by the brokerage firm or the MM on their CMKX shares and share dividends
Point B = being on the other side of the Naked Short Position with share dividends in tact and CMKX value still in tact with the MM’s in our dust
We have to get outside the box a little here and realize that Urban doesn't want to bust the MM's he wants to make the investors rich and secure the company. This may rub a few people the wrong way, but I realize I sometimes have that ability. But I’ve been this way for so many years I guess this dog isn’t interested in rolling over for anyone.
Once we get out of the emotional realm where we so often tend to dwell, we can begin seeing a pattern and the potential solution to our problem. We need to first realize that an all out war with the MM’s and/or brokerage firms with the SEC refereeing isn’t a good scenario for anyone. We need to 1st except the fact that I don't see Urban ever backing the MM's into a corner he doesn't want them to get out of. He wants the money for the investors not their heads on a platter.
As much as many would love to take some of the MM’s outback and turn them over to the CMKX wolves it would not put any coin in our pockets. So the obvious question is how do we do this? I believe the answer is to be found in D. Roger Glenn. We all should love Urban and understand how much he cares for the shareholders and just how brilliant a man he is, but he is brilliant enough to also know when he is in over his head. Mining, Business deals with other mining companies, mineral claims, mineral rights, drilling, diamonds, etc… are all areas that Urban has proven himself to be proficient in. We all know the MM’s, securities, the SEC, the DTCC, etc… is an area that Urban can handle himself in, but he is wise enough to now he couldn’t take on the Big Boys by himself.
Enter, D. Roger Glenn who knows all of the above areas Urban was weak in like the back of his hand, as a matter of fact he wrote the book on it. There isn’t anyone out there better than D. Roger Glenn at knowing how to push buttons most effectively and when to push them. He knows more legal angles in these areas that would bury most of us in a matter of minutes. I don’t have to give you the credentials on him because that is part of what most of us has been holding on too for the last 4 to 6 weeks while we were waiting for some solid info.
Link to D. Roger Glenn’s info http://www.ealaw.com/index.php?link=page=attorneys|AttorneyID=39
Roger has over 20 years of experience in securities law. He has handled numerous IPOs and other public offerings, PIPE transactions, exchange and hostile and friendly tender offers, mergers and acquisitions involving public and private companies, private placements, Rule 144A sales, Rule 10b5-1 plans and all filings and reports required by the Securities Exchange Act of 1934.
I believe with Urban and D. Roger Glenn together we will be able to push the MM’s (and their associates) to the “OH MY GOD” point with continual dividends, options to other companies, securities changes, mining explorations, lab results, etc… and then when the MM’s don’t think they can take anymore their pain will cry one final Holy $%#@!
It will be short and sweet to us and sour to them and every one that was faithful enough to stay the course with the Commander in Chief and His General will find that in a moment of time they have been guaranteed deliverance from Point A to Point B with an obvious solution.
Point A = possibly being in a Naked Short Position wondering if they are going to be covered by the brokerage firm or the MM on their CMKX shares and share dividends
Point B = being on the other side of the Naked Short Position with share dividends in tact and CMKX value still in tact with the MM’s in our dust.
The only probable solution in my mind would be that we will let them pay their way out with a set sum. We gain nothing by smashing on them until they bankrupt and then we try to get insurance companies involved, the SEC, the DTCC, and God only knows how many attorneys and frankly I believe we can all agree we don’t need these bozo’s trampling around on our dollars. The more they stomp the more we lose.
What can we do or how do we do this? Initially we need to establish a reasonable value of the company beyond its inherent intrinsic value, as is being done now, by our current operations in two separate areas.
We have basically two operations going on right now:
1. In Las Vegas, Nevada trying to create the value for the company the MM’s and brokerage firms have robbed us of (such as dividends, stock purchases, audits, options, and mineral rights and claims); also trying to protect the company from any possible attempts to be taken over; settling securities issues (with the naked short sell position CMKX has in the market place); move the company in to a reporting status to hopefully move up to a real exchange/market; and many other such like things
2. We have Saskatoon, Saskatchewan, Canada and Fort a la Corne where we have an aerial survey of all of the Fort a la Corne area, that is being gone over with a fine toothed comb to identify potential targets for drilling and core sampling; also working to secure permits for drilling on claims we already own; attempting to get too some of the targets we have already located; getting our drill rigs in place; protecting our claims; and many other such like things.
The one can very much affect the other and the outcome can be two seemingly different operations that may actually be pointing the way too our deliverance. In Las Vegas we are mounting an attack and a defense against a seemingly ruthless gang of MM’s that for some reason or another will not back off and cover their naked short position against CMKX. Why the resistance? Have they really that much to gain or lose by an open resistance and flooding of the market place against CMKX? Who really stands to gain from the CMKX demise? Urban and company? No way. The investors? No way! Our JV partners? No way. The MM’s? Maybe and seemingly they would. The DeBeers Cartel? No one would gain more than they would if CMKX fumbled the ball.
So, Urban and D. Roger Glenn are spreading out the wealth and percentages of CMKX that would cause the DeBeers Cartel or any others that think if they can TAKE CMKX out and seize on the claims now have another think coming. We have UCAD with a legal 5% of all claims of CMKX, we have our JV Partners that have 25% a piece of Smeaton Property where Carolyn Pipe is at, and God only knows what else we have out there. The message I believe is being sent to DeBeers Cartel or any others interested in seeing CMKX go down that the wealth is being spread around and you cannot get what we have by taking us down.
On the other hand, DeBeers or foes may be more afraid of the CMKX Casavant Diamond hitting the market over the years to come more than they are interested in actually seizing hold of the claims. Remember we had 52 times the mineral claims in Saskatchewan than DeBeers did when this scenario started developing a little over a year ago. Yes 52 times. Probably more like 51.7 times, but you get the idea. Our potential is therefore exponentially greater than DeBeers of becoming a continuing force in the diamond industry in the years to come seeing that these lands are the most diamondiferous and the largest in the world.
All of this going on while at the same time making a way for all investors to get through. So how do we move everyone from Point A to Point B? I see it best to come in two stages.
1st stage = Too me the logical answer in the first stage would have to be a comfortable cash dividend to the investors in the below dollar range (.10 - .20) depending on how low that Urban and D. Roger Glenn have been able to get the O/S over the last few months. We would then have to decide where the money would come from for the true O/S while at the same time the MM’s would have to cover the rest of the Naked Short Position. With the O/S definitely not “ZERO” the “float” could definitely be “ZERO”. This would mean that the entire float we are watching every day in the market place could be Naked Short Sells.
The dividend is nice and we cost the MM’s some for their slothfulness in covering, but we still are not from Point A to Point B?
Point A = possibly being in a Naked Short Position wondering if they are going to be covered by the brokerage firm or the MM on their CMKX shares and share dividends
Point B = being on the other side of the Naked Short Position with share dividends in tact and CMKX value still in tact with the MM’s in our dust.
2nd Stage. Seeing that we have all now made a considerable sum from the cash dividend and our share dividends are in tact we need a clean break from the MM’s. If we hit them too hard at the beginning some of them want be around for the second round. Now, we know that while the retiring of shares was going on early on in 2004, we were being naked short sold, and I believe that while that was going on Urban was buying up many of the naked short sells as Sterling has pointed out in many of his scenarios. Now if we can imagine that Urban had a significant amount of these Naked Short Shares then he would have made a bundle off of them from the MM’s during the modest cash dividend previously issued. One can only imagine if Sterlings calculations were correct and Urban has 87.5% of the NSS position then a little math here can go a long way. If we have a modest NSS position of 400 billion and Urban has 87.5% of that then he would have in the neighborhood of 350 billion NSS.
350 billion NSS X .10 of cash dividend from stage 1 would = $35 billion
or if we have a .20 as a 1st stage dividend
350 Billion NSS x .20 of cash dividend from stage 1 would = $70 billion
All of this is important because the MM’s are still hanging on and probably mad, hurt, and licking their wounds, but now Urban is in a position to make a tender offer from within the company of XXXXX amount per/share to get everyone on the ARK at the same time. Now we would move into a part of the 2nd stage that will run closely along with other opinions that Sterling and Zen have shared.
Now with a tender offer in place the MM’s have no recourse, the SEC or no one else can tell Urban what he is allowed to pay as a tender offer for our shares. We have already made .10 to .20 per/share off the 1st stage plus the share dividends that have came along in the process of time so the offer can be modest depending on the true O/S because what ever Urban offers will only have to be paid to the true O/S and all of the NSS position will once again have to be matched by the MM’s. this means Urban gets paid again, we all get paid again and the MM’s will have the end of their NSS position in CMKX.
Now if we can thoroughly borrow a piece of Sterling’s scenario and follow up the tender offer with an equal or sizeable share dividend based upon our CMKX holdings at the time of the tender offer, in say CIM, then we can step up into the AMEX or NYSE as an IPO with an honorable offering price significantly in tact as we would be debt free, with assets out the yang.
Why this solution? Because with a share dividend attached to the tender offer we all are carried on Urban’s Ark from Point A to Point B into a land that the MM’s can’t touch us. No questions asked. No bartering. No fear. No one is smashed to pieces, maybe some MM’s get broken a little bit, but they’ll recover and survive and all CMKXers get through victoriously without any NSS position having to be rounded up in the market place share by share by the MM’s. We are rich, Urban is ridiculously wealthy, and all involved are as well. No worrying about whether the MM’s cover or not, no court room, no SEC, no DTCC, etc... We put the coin in our pocket and the MM's have to go away.
This is a nut shell version and as I said it is outside the box, but the only viable solution to get everyone out of this thing in tact in my opinion is “Urban’s Ark”.
Just my opinion and I ask that you treat it as such.
Dr.D
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