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Can anyone supply a link to the list of companies that Urban owns? It was posted here a few weeks ago when the transfer agent fiasco was going on. Thanks.
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LOL, the T/A fiasco. No negatives here, right. There's so many goofy things I forget them all until someone mentions one of them. Just another error in judgement swept undr the rug. I guess I find negatives where there aren't any. Hey! Just throw a dart, you'll find one.
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Upside -The percentages of the different companies and interrelationships is extremely hard to follow. I think I would need to sit down and graph it all out to have it make any sense. If anyone has the time to map it out that would be a visual worth looking at. All the different percentages etc, and dividends would make me not want to be short in this.
Bill -I have higher expectations for this stock than you do I think. I am hoping that UC announces some kind of cash dividend before anyone I know sells any too cheaply. I would hate for anyone to miss out on that if CMKX is going to do that. The meeting next week should give us more insight. I noticed the IRS part at the end of your post. I hope this can help you out with them. Not a group you want to be at odds with.
Wallace - I think I can agree with you about the certificates. I got some and after talking with Etrade yesterday decided not to get more. But I probably should get some more. I am long with most of them anyway so I may as well.
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UpMan: Correct me if I'm wrong. When the "T/A fiasco", ocurred, (which by the way, is what Marvin called it too), was happening, weren't the Think Outside the Boxers and the rha rha boys protecting their investment telling everyone it was a stroke of genius, and it turned out to be an embarrassment?
[This message has been edited by will (edited July 27, 2004).]
quote:Originally posted by Upside: Can anyone supply a link to the list of companies that Urban owns? It was posted here a few weeks ago when the transfer agent fiasco was going on. Thanks.
I searched back to June 23 and here is what was posted. This is the link to the Nevada Secretary of State Corporate Information.http://sos.state.nv.us/ofcsrh3.asp I just typed in Urban Casavant and here is what it showed.
URBAN CASAVANT CAROLYN CASAVANT EMMERSON KOCH CASAVANT INTERNATIONAL MINING CORPORATION URBAN CASAVANT CORY KLASSEN CORY KLASSEN CMKM DIAMONDS INC. URBAN CASAVANT DAVID DESORMEAU DAVID DESORMEAU CASAVANT GOLF COMPANY URBAN CASAVANT URBAN CASAVANT URBAN CASAVANT DESERT STOCK TRANSFER COMPANY
Who will find what or whom the "A" stands for. IMO there is a definate connection between Urban and UCAD and thus makes the transfer of stocks and money very easy between both companies.
------------------ "If We Agree To Disagree, Then We Can Remain friends"
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Ok, here's what I've found out so far. Urban is President of both CMKX and CIM so the 1 million dollar CMKX "investment" in CIM is meaningless. It's nothing more that Urban investing in Urban. Also found out that Nevada Minerals is an owner of UCAD so UCADs investment in Nevada Minerals is relatively meaningless also. The missing link is the connection between CMKX and UCAD. It might be there somewhere but I haven't found it yet. I actually hope there is no ownership connection there because if there is, all of these companies are doing nothing more than putting out meaningless p/r's to artificially inflate their stock price. That could spell disaster.
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I found the names of all Casavant Shareholders in the 14C filed in Jan, 2003. There are a lot of family members here.
(5) The Casavant Family consists of 22 members who are related to Urban Casavant. Their respective share holdings are reported separately from Urban Casavant. As a Group, the Casavant Family holds 10.7% of the Company's shares. Of this amount 100% are Rule 144 shares. There is no Casavant Family share pooling agreement, voting trust and/or other agreements relating to the shares in effect at this time. The Casavant Family includes: Albert Casavant (3,000,000); Brandy Casavant (2,000,000); Brad Casavant (500,000); Chantelle Casavant (2,000,000); Craig Casavant (2,000,000); Dale Casavant (50,000,000);Denise Casavant (30,000,000); Felix & Marlene Casavant (1,000,000); Gerry & Betty Casavant (300,000); Harvey & Gloria Casavant (1,000,000); Justin Casavant (2,000,000); Kyle Casavant (500,000); Marina Casavant (500,000); Max Casavant (10,000,000); Ray Casavant (3,000,000); Ron Casavant (30,000,000); Ryan Casavant (500,000); Trevor Casavant (2,000,000); and Vic Casavant (30,000,000).
There is an Albert Casavant, am still trying to find more about him.
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Don't remember seeing this...I know it's a few weeks old and if you've seen it, please disregard. More drag racing advertising for CMKX
PARTNER BEGINNING IN 2005 (7-14-2004) - Jim Dunn Racing has signed CMKM Diamonds, Inc., as its primary marketing partner beginning in 2005. The multi-year agreement serves notice to the competition that the new CMKX / Lucas Oil Funny Car will race to win during the entire NHRA POWERade series. To demonstrate the strength of this new partnership, CMKM has obtained a prominent Associate-level spot on the K&N Filters / Lucas Oil Funny Car for the remainder of the 2004 season. In doing so, CMKM is proud to be associated with some of the most respected names in the automotive aftermarket industry. Team Owner Jim Dunn stated, "We couldn't be more pleased to be making this announcement at the half-way point of the season. With CMKM coming aboard early, it allows us to build our relationship and develop a high-impact campaign for the coming year. Starting in 2005, we'll be known as the CMKX / Lucas Oil Funny Car." CMKM founder and Chairman of the Board, Urban Casavant, is a veteran in the precious metals industry, having almost 20 years of experience. He commented, "I'm excited to be associated with Jim Dunn Racing. This is a first-class operation, and with 'Big Jim's' know-how, our team will be in the winner's circle soon. In my opinion, our first big win will equal the excitement of discovering a new minerals claim." CMKM Diamonds, Inc., is a mining and exploration company with abundant mineral claims in central Canada. The company has over one-million acres claimed in the Saskatchewan Province of Canada. A great new alliance has been formed and all parties are ready for action!
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WWJD "It may be greedy but I think it is smart."
There is nothing greedy at all with what you are doing. I have my own ideas on what I plan to do with some of my money. I truely feel that God will deliver to you as long as you do good with it. There is nothing wrong with keeping two million, in fact keep three so as you can hold on to some more money to attempt to make more with it to do even greater good... follow your heart but just remember NT/OT God is just that, polarization of being forceful and of being loving... apply it to the stock market Good night/Sweet dreams
Well I will have saved up another 10 tomorrow by skipping lunch/breakfast and just eating two bagles then get home and eat dinner...
So we are upto like $41 (The number may change,lol...) 102k or so Muwahahahahah!
There's gotta be something I can sell on ebay that I have no use for. hmmmmm....
My mission... to acquire 1.05 million shares of CMKX buy Aug 13th. I have 16 days to come up with some money. Guys root me on! This will be fun to watch pan out. I wonder if I can do this! Only one way to find out!
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i am pretty new & want to say hello again...i would like any feedback reference stock certificates or the type of acct held...the subj was touched on briefly by a couple of members...wondering if they're necessary in my case...please forgive any redundancy...keeping in mind our situation with the cmkx sharecount, here is where i'm at:
-i have a little over 1mil shares -i use trading direct (i went to the bbb website & trading direct has only had 1 complaint that was resolved in 2003, i believe) -i have a cash account only...would this exclude me from being somehow 'shorted' since i'm not allowed to margin trade,ect..however i don't want to be pennywise & pound foolish
thanks for the help in advance!
------------------ "One cannot counterfeit anything that does not exist"
[This message has been edited by thecwexperience (edited July 28, 2004).]
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I received this Green Baron email update on CMKX today. Not sure if it was already posted here or not. I don't see the same report on their website but maybe they send this to subscribers first and update their site after that? I'm a new Green Baron sub so I dunno. Anyway, that's why there's no link to insert here, sorry.
"The Green Baron Report
July 27, 2004
Stock to Watch Update
CMKM Diamonds, Inc. (CMKX)
CMKM Diamonds is rapidly becoming the stock play we had originally envisioned – The Stock Play of a Lifetime. Based on press releases announced on Monday, July 26 and Tuesday, July 27, The Green Baron Report is telling our members once again to seriously watch this stock right now. The only thing keeping us from fully profiling CMKX on our home page is the fact that the company still has not released its total issued and outstanding share count. However, we anticipate this number will be released within weeks.
Since we began coverage onJuly 13, 2004 , CMKX stock price has only moved slightly higher from an offer price of .0003 to .0005 despite news regarding the distribution of stock dividends, an investment in more prospective mining property, and the receipt of cash from US Canadian Minerals (UCAD). CMKX stock continues to be one of the most heavily traded stocks on Wall Street, and appears to be held down each day over the past several weeks by the market maker JEFF as he seems ever present on the offer. Please note that JEFF went to the bid side mid-day on Tuesday July 27 at .0004, and may finally indicate a change in his positioning going forward.
Last week The Green Baron Report forwarded a list of about 15 questions to be asked for an upcoming Green Baron webcast interview with CEO Urban Casavant. Although Urban expressed strong interest in conducting the webcast now, attorneys on his behalf have asked him to delay the interview until after the company becomes fully reporting. We will alert our members when we secure a firm date for the interview and its release.
On Monday July 25, CMKM Diamonds announced it had acquired a 60% undivided interest in 500,000 acres of potential Kimberlite mineral property inSaskatchewan,Canadafrom Nevada Minerals. CMKX now has an interest in nearly 2 million acres of land in mineral rich areas ofCanada.
On Tuesday, July 26, CMKM Diamonds received its first $3,000,000 from U.S. Canadian Minerals Inc. as the first exercise of a purchase option agreed to last week between the parties. The Green Baron Report views this announcement as extremely positive for two reasons: one, this confirms that CMKX has cash on hand and should not be in any need of selling shares to raise money as has been suggested by nay-sayers; and two, UCAD’s speedy option exercise seems to clearly indicate that CMKX is sitting on very valuable property.
One final note: As announced onJuly 18, 2004 , shareholders of recordAugust 20, 2004 will receive a stock dividend of US Canadian Minerals (UCAD). Although we are still awaiting more specific details concerning this dividend, UCAD stock has rallied in recent weeks from about $3.00 per share to as high as $7.35. Regardless of how many shares of UCAD that CMKX shareholders will receive, it appears that investors in UCAD view recent developments very positively."
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Harryhar :"Howcome it's bashing to try and find out some opinions on the security of our holdings? That's completely ridiculous. Because I care so much about my holdings in this company, I want to cover my bases when this stock does start to fly. I don't see anything wrong with that and would actually call you a bit near-sighted if you aren't trying to find out as much information about the security of your holdings as possible. This type of situation has never happened before. You can't be too safe because no one knows how this will turn out (even if the price goes crazy!) in the end. I have 17M and holding long."
quote:Originally posted by Upside: I've said this before but it needs to be said again. There is a BIG difference between bashing a stock versus attempting to point out some potentially negative aspects. Lately, if anyone says one negative word here, they're instantly labled a basher and ripped to shreds. I swear, this company could put out a p/r stating that Urban went through 40 billion of his shares last week wiping his back side with them and some here would say its his ingenious way of reducing the float, all part of the master plan. It gets tiring having to constantly defend a position when this forum is supposed to be OPEN for discussion, both positive and negative.
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U.S. Canadian Minerals Inc. Exercises Initial Purchase of CMKM Diamonds Inc.'s Mineral Claims for $3,000,000 USD via COMTEX
July 28, 2004
LAS VEGAS, Jul 28, 2004 (BUSINESS WIRE) --
U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced today that it has exercised its initial purchase under an option with CMKM Diamonds Inc. (Pink Sheets: CMKX). The option, agreed to last week between the two parties, has been exercised for an additional 2% interest in all of CMKX's mineral claims for $3,000,000 USD. Under the agreement reached last week, UCAD has a one-year option agreement to purchase an additional 10% interest in all of the mineral claims held by CMKX for an aggregate total of $15 million USD payable to CMKM Diamonds Inc.
Rendal Williams, CEO of UCAD, stated, "This is only the first purchase that the company expects to exercise as we move forward, increasing our holdings, asset base and the acquisition of potentially high-revenue properties."
Further details relative to this project will be forthcoming in future press releases and at http://www.uscanadian.net/.
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.
SOURCE: U.S. Canadian Minerals Inc.
U.S. Canadian Minerals Inc. Chris Hanneman, 303-220-8476
What a brilliant idea let`s scare people from buying cmkx or from trading it and have them buy certificates
certs you can put on a wall or in a safe there are no longer in your tradingaccount
and could you imagine ameritrade having all these lawsuits of private investors owning naked shares and ameritrade sueing the MM`s for selling them naked shares.
NOBODY OWN`S NAKED SHARES,
it`s like borrowing something you don`t own
if the shares are in your account THEY ARE YOURS!!!!!!!
THE Marketmaker has to find them TO COVER and that is called a SHORTSQUEEZE
posted
YOU can call anybody at AMERITRADE and they will tell you the same thing the shares are in your account they are yours
SO the conclusion is we have to deal with PAID BASHING WE all know there is lot`s of money to be made with naked short selling and people will get PAID to fascilitate this activity
a PAID secretary to spread a false rumour about a 400 Billion O/S ( the transfer agent fiasco) that was very effective
and stock certs is a brilliant way to scare investors
if would be a paid basher on this one i would take my money and go long on this one and say to hell with my boss
UCAD currently trading at $6.90! We are getting free UCAD Shares as CMKX Holders - 7.5 million total. But with last nights PR, we have learned that UC will NOT be taking part in this dividend. Thus, he will not himself reap any free shares of UCAD, but will give all 7.5 million out to other shareholders. Now, Melvin was on PalTalk today, and again reiterated that the OS is NOT 400 Billion and not to believe it. Don't listen to anything about the OS until an official PR comes out! But, let's just say worst-case scenario is true, and the OS IS 400 Billion. Now, Urban has to own AT LEAST 200 Billion of these shares to keep control of CMKM Diamonds. Obviously if he didn't, Debeers or whoever else could buy them out in a matter of days. So again, lets say worst case scenario, UC Holds Just over 200 Billion to maintain control of CMKX, leaving other shareholders, including insiders mind you, with just short of 200 Billion shares. 200,000,000,000 (Shares to receive UCAD) divided by... 7,500,000 (UCAD Shares to be given away AUG. 20th), is approximatly 26,667. Thus, for every 26,667 shares of CMKX you own, you get 1 free share of UCAD. Again, this is WORST case scenario here folks. Thus, we'll say that you get 38 shares of UCAD, for every million you own of CMKX. Not bad at all, when the company is trading at nearly $7? 38 Shares x 6.90 (Current UCAD PPS) is $262 FREE, for every million shares of CMKX you own. Of course these are restricted for a year, but let's be honest....UCAD will go up much higher within a year's time. Joint ventures, buyouts, dividends...they have to know something here people. Again, this is the absolute WORST any of us can do, assuming the OS is the absolute highest...400 Billion. For every 10,000,000 shares of CMKX you own, your getting about $2,600 free in UCAD Shares. Just thought I'd post that to prove everyone just how good last nights PR really was. UCAD & CMKX are sitting on a lot of acres, full of a whole lot of Kimberlite and diamonds. Both companies PPS will increase over the next year IMO, if not explode! GLTA
[This message has been edited by ali (edited July 28, 2004).]
posted
This may not be 100% acurate as someone typed while listening..
Paltalk transcript (with Melvin)
---------------------------------------
Q: Any concerns about SEC or insider info getting out? Does not want to put company in jeopardy. A: Don’t worry about me as far as the SEC goes. This is the World wide web obviously I can be on any message board I want. I choose where I want to be on and I am thrilled. UC is fine as long as I don’t say anything stupid or am a jerk. Don’t worry everything is cool.
Q: Can shareholders do anything to help CMKX? A: real easy. Continue to do what we are doing. Having patience and faith in us.
Q: What are your thoughts on a message board on new site. A: my thoughts are no. Sterling’s board is home. Everyone on this board has CMKX in common. Board run well. People know what they are doing and understand CMKX
Q: Any timeframe for shareholders when we will see the big picture? Year, months? A: I have some ideas but I’m leery about giving time frames.
Q: Are we expecting remaining core sample results from Carolyn? A: yes we are. First core sample was tested for just diamonds. 2nd sample is testing for other stuff. That’s all I’m gonna say about that.
Q: where do you see CMKX in 5 years? A: depends on what we accomplish in next 5 years. Good example is Shore Gold. One of biggest in FALC in 5 years. Let me check my crystal ball.
Q: When is actual dividend cutoff date? 18th? Will PR specify details? A: Not exactly sure. Possible 3 day grace period so the 17th. Ratio is still being worked on I assume PR will lay it out in layman’s terms.
Q: What race will you be at next. A: I don’t know.
Q: What about leases that expire in 2012 A: leases are the least of our worries. Easy to renew.
Q: 15-12G non reporting. Any comment on filing shortly? Do we have more than $10 million in assets? How often do you speak with Urban. A: I will reserve judgement until share structure comes out. I talk to Urban everyday at least.
Q: Are you ready to give tours up there? A: Everyone is always welcome. Because we moved the rig, formal tours are not set. You are welcome to come but all you will see is a drilling rig in a field.
Q: Will we be receiving a cash dividend? A: I mentioned that this morning. As far as I know yes. I don’t know when. Could be a month from now, six months from now.
Q: How long have you been with the company? A: since march 2003. I currently have another job. My boss is friends with UC and UC was having trouble with Investor relations. I was a shareholder first. The past IR person was rude and ignorant. Urban found out and my boss mentioned me since my interest in diamond mining. UC was hesitant but gave me a shot.
Q: Do you know anything about green baron? A: I do not know anything about the green baron.
Q: How many rigs do we have along with JV partners? A: right now 1. If I had my way we would have 10 of them. We will need 10 of them.
Q: How long does it take to get a core sample and can you tell visually the content? A: Depends on how fast the lab works. I can’t tell visually but a trained geologist can. Kimberlite is very soft like clay. I can’t see diamonds but a trained geologist can.
Q: Are you aware of stock patrol? A: yes, I think I will send them the “Bad Boys” CD as well.
Q: When are we getting a race boat? A: Urban already has one and it is fast.
Q: Could you talk about the non-magnetic kimberlites. Are you expecting diamonds out of that. UC seemed pretty convinced something is there. Can you comment on size? A: non-magnetic kimberlite is just as likely to have diamonds as magnetic. 25-30 years ago they could only find magnetic kimberlite. Newer technology shows us this. How big? We won’t know for sure until drilling but based on aerial survey… how big is Rhode Island… no that’s not right. It is a very good size. Let’s just put it this way, when you say big, that would be understatement. Depth is just as important as surface. Compared to DeBeers star 140/141 it is a heck of a lot bigger.
Q: Our price at .0005 seems undervalued. A: yeah. MM’s seem to have control. We put faith in UC and he will do everything in his power. Be patient. Bigger and better things are going to come.
Q: If someone has 30-50 million shares and wants to double their position, is it pointless if they are just naked short shares. A: Here is what I think. All shares will be honored. They are good shares and worth a lot of money very shortly. Purchasing more shares is totally up to you. I won’t give advice on buying shares.
Q: How is the relationship with the Sask. Government? A: The gov’t has been very good to us. They want open pit mines badly. Produce revenue, jobs, infrastructure.
Q: Does CMKM diamonds own Juina? A: I haven’t heard of Juina for the last year and a half so no comment.
Q: With such a vast area, how do you determine where these minerals are found… gold, zinc, topsoil, uranium, etc. A: all of the above.
Q: You mentioned our shares would be worth a good bit of money very soon. What is soon? Should we refer to the PR? Is that before 8/20? Will JEFF covering prior boost our price? A: Revert back to every PR this company issued. Read the PR, that is what we are doing. Whether it is this recent one or from 9/1, we all make assumptions. We should all read the PR’s carefully.
Q: Can you explain the TA issue: A: We moved to Pacific and due to some problems and the volume of calls we renegotiated with Global and went back. UC was going to start his own but it was too much of a pain.
Q: Will you be retiring shares before the OS is announced? A: The answer is yes. We have been retire shares for a long long time and will continue to retire shares.
Q: Will we see another PR this week? A: I don’t know.
Q: Did Roger Glenn give you the clearance to post here? A: No. I don’t think Roger or Urban would care. In fact UC would be glad I was here this late working.
Q: Can you recap your last conversation with Joel? A: No. It would probably shut down this board. You don’t want to know.
Q: Has Melvin met roger glen? A: no. Roger will be in Sask next week. Not sure if I will be invited to the meeting. I can’t say why they are meeting.
Q: Status of aerial results? A: no sense in releasing since they are in geological terms right now.
Q: Any plans for a party in Las Vegas? A: I’m gonna leave that wide open and not touch it with a ten foot pole. This will be a surprise for everybody.l
Q: What are significance of new claims near prince albert. A: insider. Can’t answer.
Q: What date do we get our UCAD dividend? A: I couldn’t tell ya.
Q: FALC has been known for 20 years. Anyone doing any viable mining right now. Why so long? A: known for about 30 years. Discovered by De Beers. Not mined to keep supply of diamonds low. Other smaller companies have come and gone. DeBeers utilizing other mines around the world currently. More economical for them to sit on mine and wait until other mine goes dry then open up FALC and mine for next 50 years. Shore Gold got lucky. 2 kids in the sandbox now and they don’t get along. Shore Gold realizes this. They are going gung ho and they don’t care what DeBeers/Kensington (same company) does. We are going to go at our pace and ability. DB and Ken. Need to catch up. Now out of nowhere comes CMKX. Now 3 people in the sandbox but 1 person holds a lot of land. Other 2 kids wonder, either we got bigger or the sandbox got smaller. The 3rd kid owns all the sand. Here is this big fat kid we’ll call Uncle Melvie. Why would he do that? Maybe we missed something 25 years ago cause we couldn’t detect non-magnetic kimberlite. Maybe we should make friends with this fat kid. No, we’re the largest diamond mining company in the world. Little do they know this fat kid is doing business on its terms, the shareholder support. Now the fat kid starts to rumble. One of these days this big fat guy will blow up and spew diamonds and the other kids won’t have any diamonds. Perhaps the other kids will run and the big fat kid will pick up their pipes. Who’s to say. A lot of things can happen. If you think about it that is the kind of thing going on at FALC.
Q: When is the new site going to be up and running? A: should be Monday or Tuesday next week.
Q: Do you feel CMKX could be the next diamond empire? A: you are right. I can not emphasize enough the magnitude. This thing is so huge. Compare FALC area to Microsoft. Started from back of garage and look where it is today. That is the kind of comparison we are looking at here at FALC. UC desperately wants to control that. We have big players that won’t just walk away. Like the movie Independence Day when President talked to aliens. “Can we coexist?” yes. There is enough for everyone.
Q: Are we working on a partnership with Shore Gold? A: Not now. In the future, who knows.
Q: Rumor that DeBeers has kimberlite mostly on our property. Any idea when new maps with new kimberlite might be finished? A: Map at races done in June. New web site will show updated 3-D kimberlite pipe map. Can zoom in and interact with map. Don’t quote me I’m not positive. I want this done on the new site.
Q: How many employees? Do employees drill or contractors? A: Own crew. 2 drillers per shift x 2 shifts 24 hours 7 days a week. Paid by CMKX. Ron is foreman. Ralph Newdson (sp?) is geologist. About 20 total employees.
Q: Can you clarify the $40-$80 billion value of land? A: We don’t own the land. We have the mineral rights. I think they are talking about just mineral rights. The figure I am assuming is the potential of the minerals is worth that amount.
Q: Back to the sandbox. Isn’t the logical after the 2 kids fuss, wouldn’t they just decide to join the fat kid. A: yesiree bob. That is one scenario. If you can’t lick em, join em.
Q: Is the Amex urbans goal? A: I can’t tell you at this time.
Q: How will winter affect drilling? A: It won’t.
Q: Is it a goal for UC to make us millionaires. A: Yes it is. Urban wants to make millionaires out of all of us.
Q: Anything new with Carina, Pine. A: No I can’t comment.
Q: You stated on IBC that you would ask UC to do 3 things. What happened to those? A: They are being done. 1. bring share structure. That is being worked on. 2. start drilling. 3. if naked shorted, let’s do something about it. Can’t do #1 until #3 is addressed.
Q: Do our JV partners also have rigs and are working? A: No, not to my knowledge. Don’t quote me. I will verify with UC tomorrow. We’re working on getting more rigs because we will need them.
posted
Interesting comment from Zen. ------------------------------------------
Posted by: zeninvestor32 In reply to: None Date:7/27/2004 10:53:53 PM Post #of 64463
SUPREMELY CONFIDENT
I am very, very, very confident that within the next 3 days we will see a very hard-hitting negative article by the short interests that will attempt to blindside shareholders. I base this on a very limited window of opportunity. 2 PRs came out last week on a monday and tuesday night. We have had 2 PRs this week on a monday and tuesday night. CMKX has shown a propensity in the past for thursday and friday night press releases. August 20 is rapidly approaching and the news gets better each time. So this leaves wednesday and thursday as the most obvious times to strike. This is just a hunch after years of watching these things. I think they may have just enough ammo for one more guerilla raid.
Keep your eyes peeled. Be vigilant. I hope I am wrong but I think they sense a potential lull for wednesday and thursday. I am guessing they will try to exploit it.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
U.S. Canadian Minerals Inc. Exercises Initial Purchase of CMKM Diamonds Inc.'s Mineral Claims for $3,000,000 USD Business Wire - July 28, 2004 05:30
LAS VEGAS, Jul 28, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced today that it has exercised its initial purchase under an option with CMKM Diamonds Inc. (Pink Sheets: CMKX). The option, agreed to last week between the two parties, has been exercised for an additional 2% interest in all of CMKX's mineral claims for $3,000,000 USD. Under the agreement reached last week, UCAD has a one-year option agreement to purchase an additional 10% interest in all of the mineral claims held by CMKX for an aggregate total of $15 million USD payable to CMKM Diamonds Inc.
Rendal Williams, CEO of UCAD, stated, "This is only the first purchase that the company expects to exercise as we move forward, increasing our holdings, asset base and the acquisition of potentially high-revenue properties."
Further details relative to this project will be forthcoming in future press releases and at http://www.uscanadian.net/.
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.
SOURCE: U.S. Canadian Minerals Inc.
U.S. Canadian Minerals Inc. Chris Hanneman, 303-220-8476
Customize your Business Wire news & multimedia to match your needs. Get breaking news from companies and organizations worldwide. Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
posted
Brad any good brooker would know not to listen to any negative things about CMKX. The people that listen to basher don't know anything about stocks.
CMKX IS FOR REAL!!!!!!!!!!!!!!!
quote:Originally posted by Brad: Interesting comment from Zen.
I've been reading up the last week and after a good advice from a friend of mine I bought 1.6 million shares. It's quite an interesting development. I've been doing some math, there are speculations that there is for about 80 billion $ worth of diamonds in the claimed land. So in worst case scenario suppose that there are 400 billion outstanding shares, that means at a price of 0.0005 it would be worth 250 milion $ !!! That really makes no sence for a starting company that says it needs 10 million for the drilling in the upcoming 2 years or so. So I think it would be resonable that there at most 40 to 100 billion outstanding shares, for a value of 25 million till =/- 65 million. When there is for about 80 billion of assets that at a level of 40 a reasonable price would be 80/40 = 2$ a piece or with more shares 80/100 makes .8$ a piece. So i think there is a lot of potential in the stock, just have to wait till they find the rocks!!
I've been reading up the last week and after a good advice from a friend of mine I bought 1.6 million shares. It's quite an interesting development. I've been doing some math, there are speculations that there is for about 80 billion $ worth of diamonds in the claimed land. So in worst case scenario suppose that there are 400 billion outstanding shares, that means at a price of 0.0005 it would be worth 250 milion $ !!! That really makes no sence for a starting company that says it needs 10 million for the drilling in the upcoming 2 years or so. So I think it would be resonable that there at most 40 to 100 billion outstanding shares, for a value of 25 million till =/- 65 million. When there is for about 80 billion of assets that at a level of 40 a reasonable price would be 80/40 = 2$ a piece or with more shares 80/100 makes .8$ a piece. So i think there is a lot of potential in the stock, just have to wait till they find the rocks!!
Welcome Jeffrey. As long as you maintain some patience through this you'll see most of us believe as you do that the company is undervalued. Although there are some on this board that think something still stinks but the bottom line you'll have to look at all the information and do what makes you the most comfortable. I'm personally comfortable with the 8 million shares I'm holding and I sleep fine at night with the confidence that the price will continue to rise based on all the facts at hand.
And when you see people bad-mouthing Jeff, don't get a complex, it's not about you. ;-)
Take care and welcome again.
[This message has been edited by Brad (edited July 28, 2004).]
No offense, but that is not the first time I have heard that "speculations" are worth something.
Up,
Looks like the deal between Nevada Minerals and UCAD is not an arm's length agreement since Nevada is a beneficial owner of 10% or more of UCAD's stock. I wonder who owns Nevada Minerals. Dhonau is Pres., but a Pres. could be appointed by anyone who owns or controls Nevada. Interesting that Nevada Minerals also has an address in Las Vegas, NV -- exactly where all the others have addresses. Has anyone been able to get a listing of the major shareholders of UCAD? We now know that Nevada Minerals is probably one of them.
posted
Since this thread was about to disappear from the "radar screen" and in the absence of anything to talk about regarding CMKX, how about a little off-topic political humor? - This is really good, check it out! www.jibjab.com
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