See what ya did, I might have been able to sell him shares at .10, now you ran him off, lol.

Things are good by me, loosing some $, but with the condition of this market I'm sure it culd be worse.

I hardly go to the Q thread anymore, once every few weeks. I have some I'm loosing a few bucks on, as soon as it hits .01, I'll get out. I'll start swinging it again. Looks like a good buy in low .005's and then out in the .007's

quote:

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Originally posted by pharmdman:
Hey will!! Same ol', same ol' here...u?

Mostly I've been working and lurking... until yesterday... I had one heck of a debate on the QBID thread.... and most of it was deleted by the moderator... LOL...

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Van wrote:
D$$M I HATE THAT when someone calls me a crazy fool. I thought I was just dumb. BEARCLAW might have been the next great insight on this stock. Excuse me while I go lick a tree.
VAN
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Brad -Thanks. I read the post about Jeff that you copied after I wrote my post and I have to say I think that he is still shorting makes more sense. I keep up with a few of my friends via email on CMKX and in the process of talking about the share count it occurred to us that if the share count is low (as I think and hope it is) and it is released as there is a forced cover we will see the maximum benefit of that information then along with any other good news. I think it is worth waiting for. If I am wrong I will be disappointed. If I am right I will be able to accomplish a lot of good that I couldn't even hope to do otherwise. I am serious about my goal of trying to help thousands of AIDS orpans in Africa thru World Vision. The $15,000 I have invested here could sponsor 4-5 kids for 10 years. I am already sponsoring 4 kids thru World Vision and have 2 more with Compassion. If this is as good as I am expecting it to be I can personally sponsor 1000 kids.

The funny thing about people who dream is that their dreams often come true. And if you look at the life of Joseph in the Bible I would add if your dream is from God it will always come true. I am not sure my dream is from God but if it is it will succeed.

quote:

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Originally posted by timberman:
Thanks Wallace. I still believe that there should be records of all or any of the things you just stated. Question is(and I'll get labeled a basher for this)Does anyone want to invest in a company that has such sloppy records. Heres something else to think about. Lets say the naked shorting theory is correct. If any of us bought those shares and the SEC decides that those shares do not exist, all who (thought)they owned shares will be holding nothing. I say this because the ones who sold them won't be returning them. Just a thought.

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I won't call you a basher timberman. I'll just strike your question up to being new with naked shorting. I usually give people the benefit of the doubt.

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Certificates, NSS Position, O/S est and Shareholders

We have been this route before on talking about Certificates and many months ago most every one was afraid they couldn’t sell fast enough if the PPS shot way up. Now many are seeing that a long position is in store for CMKX. Urban has reportedly agreed that certificates would be incredible leverage against the MM’s. But he too doesn’t believe the shareholders will do it. Is this a sign of slight disappointment from our leader because we refuse to do this thing?

I believe as many of us here know the SHAREHOLDERS CAN FORCE A COVER by the MM’s if we could get everyone to order Certificates. I also am smart enough to know that not everyone wants too, neither will everyone do it. We have all talked about writing to our Representatives, Dateline, the SEC, and everything else when the truth is, as much as some are going to not like this, we as shareholders WILL NOT DO the one thing that Urban and D. Roger Glenn can’t do for us, and that is request our certificates and force the MM’s to cover.

I am not sure why Urban has not came right out and asked the shareholders to request certificates. For in my opinion if he did, at least 70% of the investors would get them. What would that mean? Lets take a brief look at it.

Say we have a 500 billion O/S that matches our current 500 billion A/S. We all agree this is a ridiculous number, but it is the worst case scenario. Say we have a matching 500 billion NSS position. What would happen if everyone ordered their certs? Of a possible 500 billion O/S and A/S, CMKX would have to have 251 billion in restricted and probably already in certificate form. That would drop the O/S to 249 billion that the NSS position of the MM’s and brokerage firms could use to cover with. I personally know of individuals totaling in the billions that have certificates already, so we will take say 10% of the remaining O/S (249 billion) out as already certificated, leaving us with
249 billion – 24.9 billion = 224.1 billion call it 224 billion.
Take away from that everyone that is in the “float” that is holding long on CMKX or will not sell into the market place and it gets very interesting.

Most companies have a relatively small float in comparison to their actual outstanding shares. Some are 1% others are 3-5%, but few are above 6%. So lets go beyond the norm and say CMKX has a 10% float on our O/S. Just for examples sake. If our O/S is the extremely high figure of 500 billion (not counting NSS) then a float at 10% would be 50 billion. I know our float is nowhere near this, but please stay with me. I hope you will be able to see how powerful we as shareholders can be with this tool we possess.

If CMKX had a huge float of 50 billion and an O/S of 500 billion and a NSS position of 500 billion we would have 1 trillion shares that could potentially be certificated. We would only need only 50% of these to request certificates to produce an incredible scenario. Why do I say a 500 billion NSS position? Actually 500 billion NSS position is to conservative. We probably still have 1trillion or more. Let me explain!

We can by looking at our daily trading volume clearly understand that the NSS position is actually near 1 trillion by percentages standards. Meaning our daily trading volume over a 30 day period can give you an indicator of the company’s O/S based on market standards. For example:

stock, daily volume, O/S, ratio
Msft, 37million, 10.8 billion, .34%
intel, 56million, 6.5 billion, .87%
GE, 22million, 10.55 billion, .2%
Cisco, 60million, 6.8 billion, .89%

Using these companies stats it is easy to see that a 2.00% daily volume to O/S ratio would be well within the standard if used for CMKX. Our average daily trading volume has ranged from 15 billion to near 3 billion over the last 30 days so we will use 5 billion as a generic daily volume although the medium on this 15 billion high and the 3 billion low would be 9 billion almost double my calculations. Using 5 billion daily volume as 2% of CMKX’s O/S we would arrive at 250 Billion outstanding shares of CMKX. Even at 15 billion as CMKX’s highest volume day, the O/S would be 750 billion at 2%.

If we go the other direction and 5 billion daily volume is only say .2% of the O/S then we get a number of near 2.5 trillion O/S or even .4% would be a 1.25 trillion O/S. We only have 500 billion A/S so how can we possibly have a 2.5 trillion or a 1.25 trillion calculated O/S on daily volume? There is only one answer? Naked short share position! Even at these conservative calculations the NSS position would have to be near 2 trillion to 750 billion at the very least, in my opinion. I know that is a phenomenal number, but the 30 day volume average to the O/S is a clear indicator that someone has NSS CMKX “TO DA MOON”.

With this in mind we could speculate that this is what the scenario could look like if 50% of the shares were requested in certificates based on 500 billion O/S and only a 500 billion NSS position.

1 Trillion potential certificated shares at 50% would be 500 billion shares in requests for certificates. This is actually equivalent to the entire A/S and would force the MM’s to cover the 500 billion NSS position with a float of only 50 billion. This would generate the same effects on the PPS if at anytime the MM’s were forced to cover. The MM’s can do a lot of things, but they cannot produce certificates. They have to cover their NSS position in order for the brokers to be able to release those certificates to the owner. So what does all of this mean?

The MM’s then have to go in and get the shares as quick as they can before all of the orders for certificates are finalized. Once the request goes in to get the certificates then the MM’s have no choice, but to satisfy that position with a real share. So if they need to cover 500 billion NSS position with a 50 billion float before the orders go in for the certificates, they will have to launch a PPS large enough to have you withdraw your order for certificates and sell to them before their NSS position is exposed by the incredible amount of Certificates requested to the Transfer Agent.

Remember 500 billion is only 50% of the share position that would need to be covered by the MM’s.

With a current PPS of .0005 and a float of 50 billion the MM’s would have to drive the PPS up enough to cause every single share of the float to be bought and sold 10 times to cover the demand. This means:
If they get 10 billion shares from the float at .0005 to .0010 they have to use those shares to cover their NSS positions to 10 billion shares owned by others.
Then if they get another 10 billion shares from the float at .0011 - .0020 they have to use those shares to cover their NSS positions to 10 billion shares owned by others. They would still owe 480 billion shares and would have to do this another 48 times. But, the problem with that is that it would take to long and CMKXers would catch onto that in a heart beat after the first few go a rounds and the gaps in the PPS would get larger and larger.

The obvious answer for the MM’s would be to jump the PPS to .005 or .01 and try to snag 50 billion or the entire float all at once. Why? Because this is about the only way the MM’s would freeze the further orders of investors from going in for certificates. That is necessary because if they don’t freeze the requests for certificates, they can’t possibly cover quick enough. Now, those shares have to be issued to 50 billion shares of those requesting certificates and the MM’s have bought some time through the gap up on the PPS and freezing the certificate requests.

They have to move quick now or the requests will continue. Why the freeze? Because if investors see the PPS climbing at phenomenal rates they will begin thinking they can sell into the market on this peak and then buy back in when it falls. Problem is it won’t fall and you will be out of shares. Why? Because the MM’s know you think that way and they will jack the PPS and hold it, freezing other investors that are now thinking their out on the next peek. With requests frozen the MM’s now slow down the PPS gaps and only shoot the next move from .005 and .01 to a new level of .0075 and .015.

In this they would evaluate how many shares they are pulling and if the freeze is still in effect on the certificate requests from investors. If this isn’t effective enough they will boost it again until the freeze on certificates from investors holds. This is a scenario that the MM’s would have to do a minimum of 10 times just to cover 50% of the potential certificate requests that could go forth. All of the time this is strengthening the PPS because the NSS position that has held the market value down is being removed certificate request by certificate request and the float is dropping with every cover.

These effects could be phenomenal if only 50% of the share holders got involved in requesting the certificates and actually put the request to the broker for them.

Please don’t email me with your hard lines against certificates because I have heard more than enough already. The only reason not to get certificates is if you are going to short sell CMKX on the spikes and try to buy back in on the lulls. That is fine, if you want to play that way, I understand. But at least lets work together to get the spikes going so you can sell and take your own gamble that we will have some lulls that you can buy back in on.

Requests Monday morning for 50% of the shares in CMKX would rock the MM’s world in a bad way and CMKXers in a great way.

Can we get an organized effort to do it? We have met resistance every time by investors screaming don’t do it, you’ll be left out on the runs. The Pinks are to volatile a market to hold certificates on (meaning that it may take a few hours or days to get your certs in position to sell) and this is a clear indicator that those that say such things are wanting to do such things. I am in CMKX for the long haul and I have many millions in certificates and I have more that are not. I will try to get a hold of Urban or Roger and if they say that regardless of the timing of the dividends go ahead and do it, then as of Monday morning I am calling Ameritrade and requesting all of my certificates to be delivered immediately. I hope others will join me in this effort to support CMKX, Urban, D. Roger Glenn, and one another.

As I stated earlier in this post, “Urban has reportedly agreed that certificates would be incredible leverage against the MM’s.” But he too doesn’t believe the shareholders will do it. Is this a sign of slight disappointment from our leader because we refuse to do this thing? I would have to say, yes! He has done everything he can to help us and the one thing we can do to help him and ourselves, we don’t do. What is wrong with this picture?

I believe we need to ask CMKX, Urban, or Roger if they would like for us to request our certificates for CMKX shares. This is not illegal to ask! If Urban and company says it will help and our brokers assure us that our dividends will not be jeopardized by the certificate request or there shouldn’t be any confusion on getting paid, then we should all go for it. Lets force these sorry MM’s to cover and make them regret the day they ever naked short sold the first share of CMKX.

This is just my opinion and I ask that you treat it as such.

As sloppy as the CMKX people may be, their records probably do show the correct shs issued and outstanding. My point was that I do not think the records of DTC (as a result of trades made and reported by brokers) would be the same as CMKX's if there is a large number of naked shorted shares out there.

Debi,

Nice to see you back.

Would you please explain to me how you figure naked shorted shares really exist? If there are 10 shs issued and outstanding and an MM has naked short traded 5 more shares making a total of 15 shs, how could the add'l 5 shs exist? They certainly do not exist with the TA or the Company. Do you see something I do not? Isn't that the whole concept of naked shorted shares?

quote:

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Originally posted by Wallace#1:
Brad,

What was the date on that "Latest from DD"?

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Today. I should have included the header below.

member is offline

Posts: 266
Naked Shorting 101: Its Harm. Written By Attorney
« Thread started on: Today at 10:47am »

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Hi All,

This is a letter to the SEC from a well-known attorney, Frederick D. Lipman, Esq. regarding naked shorting. (see his resume below and a list of the fifteen books he has written or you can go to the following link to view his entire information http://www.blankrome.com/attorneys/attydetail.asp?AttNum=121).

By reading Lipman's letter to the SEC, you can quickly get the bottom line on naked shorting. If you want to "get righ into it" start reading at the 3rd paragraph.

Ciao,

CDLIC

********************************************
Letter To The SEC from Frederick D. Lipman, Esq.June 10, 2004

The proposed rule would be appropriate only after the Commission has adopted effective methods to prevent naked short-selling and has devoted sufficient resources to enforcing the prohibitions that the Commission actually adopts to prevent naked short-selling. At this point the Commission has not adopted Exchange Act Release No. 48709 October 28, 2003, 68 FR 62972 November 6, 2003, and it is not clear its proposal to prevent naked short-selling will be effective and, even if effective, will be enforced by the Commission.

Therefore, it is premature to adopt prohibitions on issuer action to avoid the deleterious effect of naked short-selling on public companies and their equity holders.

The deleterious effects of naked short-selling are extremely serious, particularly for smaller public companies. The following is a list of the serious harm caused by naked short-sellers:

1. Naked short-sellers depress the price of the stock held by existing investors by artificially increasing the supply of stock offered for sale. The depressed price of the public company stock prevents the public company from raising needed growth capital and undermines equity incentives granted to motivate employees of the public company.

2. By selling shares that do not exist, naked short-sellers undermine the authority of the board of directors under state law to control the number of outstanding shares. State corporate laws typically permit corporations to establish the number of authorized shares in their certificates or articles of incorporation and authorize the board of directors to issue those shares. Naked short-sellers can effectively increase the supply of shares beyond what is authorized by the board of directors and even beyond what is authorized in the certificates or articles of incorporation. Naked short-sellers violate the public policy set forth in the corporate statutes of the various states which permit only the board of directors to control the number of outstanding shares.

3. Naked short-sellers are incentivised to manipulate the price of the stock downward in order to maximize their profits when they cover their short-sale. Unscrupulous naked short-sellers will post false information about the company in Internet chat-rooms, spread false rumors and do everything within their power to cause harm to the company. Indeed, the ultimate triumph of a naked short-seller is to drive the company out of business, with the consequence that all of the employees would lose their jobs. The Commission does not have the resources to prevent this type of unscrupulous activity by naked short-sellers.

Although I recognize the need to promote the integrity and efficiency of the U. S. clearance and settlement system, this desirable public policy must be weighed against the evil of permitting the continuation of naked short-selling. Until the Commission develops an effective program to prevent naked short-selling, it should not interfere with the effort of small public companies to attempt to prevent this activity by restricting transfers to or from securities intermediaries.

Frederick D. Lipman, Esq.June 10, 2004

Lipman resume:

Mr. Lipman frequently appears on CNN, CNBC, and Bloomberg television as a national commentator on initial public offerings, venture capital, mergers and acquisitions, and stock options. He currently teaches venture capital in the MBA program at the Wharton School of Business and has taught corporate finance for ten years at the University of Pennsylvania Law School.

Publications (not all):
"The Complete Guide To Employee Stock Options" (published April 2001 by Prima Publishing and distributed nationally to bookstores)
"The Complete Guide to Valuing and Selling Your Business" (published by Prima Publishing in February 2001 and distributed nationally to bookstores)
"Audit Committees" (published by The Bureau of National Affairs, Inc. in 1995 and updated in 2000) -- lead author. Cited in Blue Ribbon Committee Report
"The Complete Going Public Handbook," subtitled "Everything You Need to Know to Turn a Private Enterprise into a Publicly Traded Company" (published April 2000 by Prima Publishing and distributed nationally to bookstores)
"Financing Your Business With Venture Capital," subtitled "Strategies to Grow Your Enterprise With Outside Investors" (published November 1998 by Prima Publishing and distributed nationally to bookstores)
"How Much Is Your Business Worth? A Step-By-Step Guide to Selling and Ensuring the Maximum Sale Value of Your Business" (published July 1996 by Prima Publishing and distributed nationally to bookstores)
"Venture Capital and Junk Bond Transactions" (published June 1996 by the American Law Institute-American Bar Association)
"Going Public" (published February 1994 by Prima Publishing and distributed nationally to bookstores). Designated by Fortune Book Club, a division of the Book of the Month Club. Selected as one of ten best business books for 1994.
"Being Public" -- The Personal Duties of Directors, Officers and Principal Stockholders Under the Securities Exchange Act of 1934 and Rule 144 of the Securities Act of 1933." -- Packard Press, 1997
"Alternatives to Incorporating in Delaware" - New York Law Journal, November 6, 1997
"The Best Way to Launch An Initial Public Offering" - The National Law Journal, April 17, 1995
"What Should the Audit Committee Do?" The Corporate Governance Advisor, March - April, 1995
"Accounting Principles and Economic Growth" - Venture Capital Journal, November 1994
"Advanced Planning Needed for Your IPO" - The Small Business Controller, Fall 1994
The Quality Pursuit (1989) published by the American Bar Association: author of chapters entitled "Legal Opinions" and "Responding to Auditor's Letters."

« Last Edit: Today at 4:09pm by CDLIC » Logged

http://www.findarticles.com/p/articles/mi_m0EIN/is_2003_March_5/ai_98373658

Casavant Mining Kimberlite International Announces Acquisition of Claim and Aerial Survey Update
Business Wire, March 5, 2003

Business Editors

LAS VEGAS--(BUSINESS WIRE)--March 5, 2003

Casavant Mining Kimberlite International, Las Vegas (OTCBB: CMKM), has reached an agreement to the terms of an acquisition for the Snowden Kimberlite Pipe with Anglo Minerals Ltd. Claim S-133707 (Section 5, Twp 52, Rge 18, W2). This claim is one of many targeted by Casavant Mining, and Claim S-133707 is currently surrounded by Commando/Buckshot Holdings which recently was acquired by Casavant Mining Kimberlite International.

Saskatchewan Energy and Mines' open files record contains the following information (SEM open File 73HO7-0018) for informational purposes only.

-- Three drill holes were completed by Rhonda Mining Corp. in 1993, located 5 km southeast of Snowden, in Section 5, Twp 52, Rge 18, W2, adjacent to a large kimberlite body on Cameco/De Beers/Kensington ground to the north.

-- Rhonda drillhole OFS93-02 encountered 15 m of tufaceous/detrital kimberlite immediately below the overburden, from 102 m to 117 m. End of hole was at 160.6 m depth.

-- OFS93-03 cut 9 m of eruptive and detrital kimberlite material immediately below the overburden, from 95.12 m to 104.05 m. End of hole was at 154.8 m.

-- OFS93-04 intersected 14 m of mainly tufaceous kimberlite immediately below the overburden, from 94.4 m to 108.4 m. End of hole was at 160.6 m. Indicator mineral chemistry and micro diamond analyses were performed on kimberlite core samples. A total of 21 micro diamonds were reported from approximately 100 kg of kimberlite (100 kg equals approximately 220 pounds). (SEM Open File 73H07-0018).

Fugro Airborne Survey Update

We are pleased to inform that the Fugro Airborne Survey has been launched and is currently underway. Casavant Mining has received updates as to progress of the aerial survey on the 700,000 acres at the Fort A La Corne Project. On Feb. 26 and 27 Fugro crew was mobilized and approximately 892 kms of data was collected of the 11,380 kms contracted at this time. Fugro Airborne Surveys is currently using advanced Geotem Technology to identify any kimberlite presence on the company's claims.

Casavant Mining shall be informed, on a daily basis, in respect to the progress of the survey; the shareholders shall also be informed as to updates on a frequent basis.

There is no guarantee, however, that the survey will identify kimberlite pipes. Even if numerous kimberlite pipes are identified, there is no guarantee that any such kimberlite pipes will contain diamonds.

Investor Relations

In addition to investor relations in Las Vegas for Casavant Mining Kimberlite International, a Saskatchewan Diamonds Hotline has now been opened. The purpose for this office is to give shareholders an opportunity to speak with a representative from the Fort A La Corne area.

The division will be headed by Melvin O'Neil, a 50-year resident and a well-known member of the community.

O'Neil is familiar with the mining and mineral industry and has first-hand knowledge of the development of the Fort A La Corne area.

Saskatchewan Diamond Hotline Contact information:

Melvin O'Neil Office Tel.: 306/752-3755 Toll free in U.S./Canada: 877/752-3755 Fax: 306/752-3754 E-mail: ipr@sasktel.net

Casavant Mining Kimberlite International Inc. Contact information:

Investor Relations 1489 W. Warm Springs Rd., Suite 110 Las Vegas, NV 89014 Tel: 702/946-6746 (please note new number) Fax: 702/946-6767 Contact persons: James Kenny/Ginger Gutierrez

The office is open 9 a.m. to 4 p.m. Monday through Friday.

Correction

Press releases on Feb. 19 and 20 mentioned "claims surrounding the De Beers diamond mine at Fort A La Corne"; in fact, they should have read "De Beers diamond exploration project."

Forward-Looking Statements

This press release contains forward-looking statements as that term is defined by Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Act of 1934, as amended (the "Exchange Act"). All statements that are included in the press release other than statements of historical fact are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.

COPYRIGHT 2003 Business Wire
COPYRIGHT 2003 Gale Group

quote:

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Originally posted by RaiderJR:
Its official we have another diamond mine. Got this from RB.

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2.Someone who uses multiple identities.

3.Some who repeatedly attacks or belittles others on a stock's message boards.

4.Someone who emerges as the stock's moderator, or even the leader of the discussion group on that stock.

5.Someone, with a short history in their member profile, who suddenly shows up during a stock run-up, and appears to know "all about" the company.

6.Someone who is nearly always the first to respond to company developments.

7.Someone who continuously hints at upcoming news and unannounced contracts.

8.Someone who hypes the company during the run-up and then "changes" his/her mind and begins attacking the company, its insiders and the project.

9.Someone who goes out of their way to find bad news about the company and makes a "case" out of it.

This can't be the same pipe. Is Carolyn North of Debeers as this is?

Recent PR

CMKM Diamonds Inc. Announces 'Carolyn Pipe' Lab Results Confirm Diamondiferous Kimberlite
Thursday June 10, 6:26 pm ET

LAS VEGAS--(BUSINESS WIRE)--June 10, 2004--CMKM Diamonds Inc. (Pink Sheets: CMKX - News) is very excited to announce that the "Carolyn Pipe" is confirmed to be diamondiferous.
Saskatchewan Research Council (SRC), an independent lab located in Saskatoon, Saskatchewan reported to the company today that the core samples from the "Carolyn Pipe" has come back positive for diamond content. The "Carolyn Pipe" is located on the jointly owned Smeaton property in Saskatchewan, Canada held by CMKM Diamonds Inc., being the primary operator of the claims, United Carina Resources Corp. (CDNX: UCA - News), Consolidated Pine Channel Gold Corp. (CDNX: KPG - News) and U.S. Canadian Minerals Inc. (OTCBB: UCAD - News).

quote:

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Originally posted by Upside:
What are you guys getting all excited about? This a p/r from March of 2003 and they're talking about three holes that were drilled in 1993. I don't understand what the big deal is.

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Nice to see you back.

Would you please explain to me how you figure naked shorted shares really exist? If there are 10 shs issued and outstanding and an MM has naked short traded 5 more shares making a total of 15 shs, how could the add'l 5 shs exist? They certainly do not exist with the TA or the Company. Do you see something I do not? Isn't that the whole concept of naked shorted shares?
---------------------------------------------
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Hi Wallace -In your example the 15 shares are now in existance but only 10 can be matched to a certificate-the others are electronic copies; but they are still shares that were bought and paid for and tradeable. If there were no outside intervention the 15 shares could be in play for the life of the company or until bought and retired by the naked shorter. It would hurt the supply and demand to some extent but might never be an issue. However if the company issued a cash dividend all 15 shares would be paid. The 5 bogus would get theirs from whoever sold it to them. We have electronic copies of most of our OTCBB stocks. We probably have a large percent as naked shorts. If we knew the true extent we would probably stop trading. I just about have. Time will show us how bad this situation is with this stock. The forcing to cover with CMKX hasn't happened yet. If September 3 (or whatever the settlement date for the CIM stock dividend is) rolls by and we don't see a cover then I will believe that this has not been naked shorted. I seriously doubt that that will occur. I am truly looking forward to watching this. I think it will be eye opening, historic and profitable.

May God Bless All.

quote:

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Originally posted by highwaychild:
Thanks Bam Bam17,
Worth a thousand words.
http://www.tcdjs.com/images/cmkx/day2/seattle30.jpg

[This message has been edited by highwaychild (edited July 24, 2004).]

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Here is the answer to a direct question to urban.
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=51008

quote:

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CMKX numbered claims information. Read #9354 on this forum

GOLD!!

Urban has Confirmed, to me, that the Numbered Claims in Saskatchewan are ours. I asked him specifically about this claim. he said yes that was ours.. He also said that all the Numbered claims In Saskatchewan are ours (CMKX)

Here is the link to the gold claim I asked specifically about.
http://www.explorationgis.com/LR_goldbelt.html

I told Urban that I was planning a trip, on June 21st, to see the Carolyn pipe and the equipment there, that this would be part of my family vacation. He told me I should make other plans for my vacation, that information would be out BEFORE then, a trip up there would not be necessary.

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Is it true we have 2 diamond pipes now, gold, zinc, and uranium. I used to consider it hype, but it seems to be true

I think you are mistaken. Yes, the 10 shares do match certificates, but would also be the total issued and outstanding in my example. The 5 shares are imaginary, do not match certificates and are not issued and outstanding shares. Therefore, they do not exist. When it comes to getting anything like a dividend, split shares, spin off, etc., anyone who bought those shares would not be entitled. The problem is the TA and the Company would have no record and when/if they got an accounting from the DTC, their issued and outstanding would show 10 shs (as factual) and 5 shs that actually do not exist (they would be the naked shorted shs).
Who do you think will have to account for those 5 shs? Even if the company has enough shs authorized, the TA could not issue them and thereby pay dividends, etc. The company would not do so because they are both illegal and because it would negatively affect their balance sheet and earnings. Neither the DTC, the broker nor the SEC could force anything to be done re the 5 imaginary or bogus shares. That would end up in the courts if it got that far. However, every one of us OK'd an agreement that it would be arbitrated...and guess who is going to be part of the arbitration board.

"us"?

http://www.tcdjs.com/cmkx.htm

May God Bless All.