posted
NEW UCAD PR Note that they are planning some "corporate structure reorganization"
U.S. Canadian Minerals Inc. Purchases Juina Mining Corp.'s Interest in Yellow River Mining S.A. Wednesday July 28, 7:05 pm ET
LAS VEGAS--(BUSINESS WIRE)--July 28, 2004--U.S. Canadian Minerals Inc. (OTCBB: UCAD - News) announced today that it has purchased all of the interest in Yellow River Mining S.A. held by Juina Mining Corp. (Pink Sheets: GEMM - News), which is majority owned by UCAD. UCAD exchanged 50,000 shares of its common stock for 80% of Yellow River Mining S.A. as part of the initial steps to reorganize its corporate structure. Rendal Williams, CEO of UCAD, stated, "This is only the first step in our efforts to have revenue produced in UCAD and to maximize the value of the assets we have already purchased."
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.
posted
Another thought on the GTC pricing. Some time back, someone posted that if for some reason,(though he has said he wouldn't) if there was a reverse split, and your number of shares were reduced but the price upped to $1.00, you would have sold them all at effectively that day's pps.
[This message has been edited by noahltl (edited July 28, 2004).]
[This message has been edited by noahltl (edited July 28, 2004).]
[This message has been edited by noahltl (edited July 28, 2004).]
posted
didn't ucad's last sec report say they had less then $500?... i know these last few deals except the 10% of cmkx were stock trade deals but operating expence isn't cheap. they sure ran into a lot of money in a short time.
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posted
The CMKX unofficial board is being bombarded by "bashers" today. I am troubled that we rarely ever see true professionals. Are we just a second rate board? LOL All we ever get are amateurs. Well, with only two weeks left until the 'moment of truth' I expect we will see activity pick up with people trying to "save" us from our ignorant selves, and shake loose a few more shares for the MM's to cover with.
[This message has been edited by noahltl (edited July 28, 2004).]
posted
Up, I think I remember that they had 100 million AS on the record, and the shares used in paying bills was something around 20 - 30 million shares. That would leave them potentially 70-80 million shares, less what they gave us, to sell now at around 6.50 - 7.00 per share. If they sold a couple million shares this week, I wouldn't blame them at this price.
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posted
Just so you folks know, that Aug 20th date for a dividend is the Record Date, not the Ex-Dividend date as was stated. Unless specified by the company or determined by NASD, the ex-dividend date is normally 3 bus days prior to the Record date. Remember, also, that no payment date was given (just "later" - which could be the 12th of never).
Up,
Checked out that site re UCAD, and found it most interesting. I seem to remember (and I did not recheck it in those SEC filings) that someone said UCAD had around 7 plus million shs outstanding. I noticed that in one of those filings, it stated Rendal Williams owned, 10,910,904 shs and a Michael Kaufman (former Pres.) owned 1,100,000.
Interesting note - UCAD was formerly Barrington Foods and prior to that was known as E-Bait Inc. Wonder what that was?
Here are a few answers.
IB2000 Inc, 9087 Fawn Grove Dr., Las Vegas, NV, owns 5,000,000 shs of UCAD along with Nevada Minerals of that same address and phone number. That might be a controlling interest if the numbers of 7 mil shs I/O are correct. If the 10,910,904 shs listed above is correct, either Williams owns IB2000 and Nevada Minerals or I/O is incorrect somewhere.
There is also a Convertible Pfd A with a conversion factor of 100 Common for 1 Pfd. I didn't pay much attention to that but it could have a bearing on who controls UCAD. I did note that there were 1 mil Pfd shs authorized and if all are I/O, that's another 100 mil commons shs that could become outstanding.
IB2000 and Nevada Minerals combined own 10% or more of UCAD.
Rendal Williams, Pres/CEO and a Director owns 10% or more of UCAD.
A Thomas Moses Mercer of Miamitown is a beneficial owner and a Director. I didn't note it but think owns 10% or more.
A John S Woodward, Las Vegas, NV is a beneficial owner of 10% or more.
Magic Crystals Inc owns 10% or more and has the same phone number as Woodward above. ------------------------------------------ It appears that Michael Allen Kaufman,Esq. owned a Co named M Power Inc which previously controlled E-Bait which became Barrington Foods. At one point in time Williams was listed as CEO and Kaufman was Pres. Kaufman resigned and Williams became Pres/CEO. -------------------------------------------- It appears that both IB2000 and Nevada Minerals are probably owned/controlled by the same person(s) -- and I am GUESSING Rendal Williams, but could be wrong.
I do have ph numbers and might try them on Fri. -------------------------------------------- Since all this thread ever gets is amateurs and bashers, I am not about to try further and, you sir, must also be an amateur since you have been trading most of your adult life. LOL
posted
"Since all this thread ever gets is amateurs and bashers, I am not about to try further and, you sir, must also be an amateur since you have been trading most of your adult life. LOL"
I forgot you are the self appointed king of S H I T?!?!?
You keep refering to other investors as amatures and 'newbies' or bashers... I forgot you are the Wall Steet genius of capatalism...
You are too much fun
( about as fun as 265 pound stripper named Cookie) ============================================= Pharm... I crashed from 7-9 pm and now I am all dazed, in that twilight zone feeling of being sleepy headed...lol...
=============================================
-John-
[This message has been edited by JBCak47 (edited July 28, 2004).]
quote:Originally posted by Wallace#1: Just so you folks know, that Aug 20th date for a dividend is the Record Date, not the Ex-Dividend date as was stated. Unless specified by the company or determined by NASD, the ex-dividend date is normally 3 bus days prior to the Record date. Remember, also, that no payment date was given (just "later" - which could be the 12th of never).
I've done well with Qbid... I did some pretty good Detecive work and managed to show everyone on this board what the Q-Television Network Chocalate coins looked like five days before people saw them at the New Orleans Convention all because I managed to take a trip to the GotChocolates.com store owner... I posed pics of what they looked like... Many people appreciated that gesture since many investors wanted to know what the QTV coins looked like... That was around May1st Wallace...
Secondly, I started the thread about the New Iraqi Dinar... that thread has caused much interest among other people on this board. Buying currency that trades for .00067 for every dinar. That isn't a good stock/Investment Tip? I think it is and so do the people who bought Dinars after reading the thread I started to Inform other investors...
Wallace, why don't you offer some suggestions for BETTER investments...
I've given people other options when they ask for tips to invest. I have NEVER seen you give any other stock tickers out, just here every day trying to disprove CMKX as best as you can.
You may call me what you like but in the end I have provided people with alternative sources of investment avenues. Have you? Or have you just bashed CMKX too much today to try? I mean you have given good DD, but you sit here and take shots at me, Money, Noah, Pharm, Brad, ect and try to magnify our trading experince when you yourself are afraid to take a chance in a penny stock... some investor you cliam to be... Yet you'll post 25 times a day to our CMKX thread... just by the stock already
-John-
P.S.
Honestly go back and examine Wallace's posts... No useful information regarding BETTER possible choices for CMKX, just him TRYING to discredit it. I am not Wallace and I am not going to take people's intelligence for granted... Everyday that passes Wallace looks more and more like The Real Slim Shady...
posted by Wallace#1 on June 26, 2004 20:20 -------------------------------------------------------------------------------- Osubucks, If it looks like a SCAM; If it talks like a SCAM; If it acts like a SCAM, Then, IT IS A SCAM!
QUACK! QUACK! LOL
It has been holding a long time at .0005, which cannot be sustained. Monday - .0004. That is where it is likely to go and close...it has already been seriously chomping at that figure. Obviously, someone must be looking at the entire picture.
posted
Here's some investment advice Wallace gave a board newbie today:
posted July 28, 2004 15:46 -------------------------------------------------------------------------------- krose, You might try to follow some of the recommendations (not just the PRs) of people like Glassman and Dardadog, among others. I don't post tips because of bad experiences on the CMKX thread. By the way, would not recommend CMKX...too much confusion and too many unknowns surrounding it. -------------------------------------
Funny, hundreds, if not thousands of penny stocks out there, but he SLAMS CMKX...go figure!
[This message has been edited by Money_Penny (edited July 28, 2004).]
"I don't post tips because of bad experiences on the CMKX thread. By the way, would not recommend CMKX...too much confusion and too many unknowns surrounding it."
Funny You say you wont RECOMMEND Stock tips yet you seem to work into the last few sentences that you do NOT recommend CMKX, but again you fail to give ANY other stocks...hmmmmmm.... yet you made a RECOMMENDATION NOT to buy CMKX...LOL... FRAUD!
Good work Money P. Sooner or later this fraud will go crawl into the septic system from where he came! Go back to Paris, Wallace...
posted
Why is there such an anti-Wallace crusade going on here? I know he can be abrasive at times but come on, he does bring a lot of knowledge to this thread and others. You guys have claimed he only posts here but click on his profile and do a search of his posts. He's all over allstocks including the off topic section and he's offered up quite a bit of advice on the general investing board. To say he's a paid basher is ridiculous. I'd like to offer up a suggestion. If you guys need to argue back and forth (and it does seem to go both ways) why don't you start a thread in the off topic board and take it there and fight to your hearts content? It's really not needed here.
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quote:Originally posted by JBCak47: "Since all this thread ever gets is amateurs and bashers, I am not about to try further and, you sir, must also be an amateur since you have been trading most of your adult life. LOL"
I forgot you are the self appointed king of S H I T?!?!?
You keep refering to other investors as amatures and 'newbies' or bashers... I forgot you are the Wall Steet genius of capatalism...
You are too much fun
( about as fun as 265 pound stripper named Cookie) ============================================= Pharm... I crashed from 7-9 pm and now I am all dazed, in that twilight zone feeling of being sleepy headed...lol...
=============================================
-John-
[This message has been edited by JBCak47 (edited July 28, 2004).]
John
I posted the comments about bashers, that was the subject. I was referring to all we get is "amateur" bashers, not amateur posters. I am an amateur investor, never pretended to be anything else.
posted
wallace, i for one believe you are here just to beat up this stock, but you could be here because you're paid to be here. each time you post it's to knock cmkx down,argue with other posters,and generally try to convince others that you are the man to listen to,and when they won't or they disagree you try make them feel inferior.i have read many of your posts,and the message i keep getting is you don't want anyone to enjoy investing their money in this stock. why in the world would anyone base their investment knowledge on someone like you,constantly knocking people down on this thread will not get you any respect. you get your respect by being unbiased and emoting the truth. i could be wrong,but i don't think so right now..... rivercity
posted
Speaking of amateurs, someone previously posted, "If a dividend is issued and you bought using a CASH account, your shares CAN NOT be naked shorted."
WRONG!!!!!
Whether you buy for cash or buy on margin, those shares purchased just might have been naked shorted. The amateur who posted that should have said "shares in a cash account cannot be used to cover short sales of stock.
rivercity,
I would suggest again, you find out just who is knocking who. Further, I am not interested in what you think. I have seen you jump on their bandwagon before.
Further, if you look back, no usernames were mentioned -- just that certain persons "put the shoe on".
[This message has been edited by Wallace#1 (edited July 28, 2004).]
[This message has been edited by Wallace#1 (edited July 28, 2004).]
posted
You know, with all this paid basher talk, it occured to me that if the MM's are illegally shorting CMKX and there is a federal investigation in the future for criminal activity, it's possible that paid professional bashers who have received paychecks from these guys, could be prosecuted as well for conspiring with the MM's. Just a thought.
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Based on the today's closing PPS of UCAD ($6.00) and CMKX (.0003), the dividends from the transaction with UCAD would provide any new investors with an automatic 30% return on their investment come Aug 20th. And that is based on the worst case scenario of 500 billion O/S!
7.5 mil shares UCAD / 500 bil CMKX = .000015 = 15 shares UCAD per 1 mil of CMKX 15 shares UCAD * $6 PPS = $90 1 mil shares CMKX = $300 $90 / $300 = 30% return or buying at .0004 PPS still = 22.5% return
posted
The people at Scottrade and at ChoiceTrade told me that my shares were bought in cash, in a cash account and that they are not naked shorted shares, they told me this twice and that they can not be shorted due to my account not being marginable.
Again Wallace, call me an amature. You are proving yourself more and more with every post. You are now attacking people who have less 'experince'(whatever that means and however you determine that through the Internet is beyond me) than you. You are taking on some sort of self promoted 'God-like' personality.
For all we know you can be some fat over weight slob (I'd bet 10k CMKX shares you are)... You have pointed out the 'inexperince' of some individuals on this board, why? So new investors should trust you? Why is this so? What makes you so much more credible, seeing how you have yet to make a stock recommendation, other than not buying CMKX
Lol, again, sell yourself like a French whore, I am sure it runs in your blood. Back to Paris with you!
posted
CMKX "pumpers" get paid by the share, like when it hits .50 Come to think of it, we'll get paid by the MM's as well. They just didn't know they were going to have to pay us. LOL
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If I am 'paid pumper' Wallace I wouldn't be gathering change in my car to buy CMKX now owuld I muwahahahah
watch out for Daddy Wallace bucks hahaha
Daddy Wallace Bucks = Old Fat Redneck hick from the Ozarks of Arkansas... Three teeth, two on bottom one on top. The top is is Pop/Beer can 'popper'! He can rest his can between his man-boobies ! Whoa!!! Wallace's Man-Boobies 0i0 (The i is the beer can )
Lol... Wallace they say it takes millions of years for Diamonds to form under the intense pressure and heat of the Earth however I bet if we put a lump of coal next to one of your Hemoroids, your fat coolo would turn that into a Pink Diamond in no time... No need to mine anything in Canada! They'll pay you double what you are getting now for each bashing post for each diamond produced, does this sound good?
-John-
[This message has been edited by JBCak47 (edited July 28, 2004).]
posted
Grasshopper, The only thing that could be wrong with your scenario is that no one knows when the UCAD dividend will be paid. The August 20th date is the shareholder of record date only. The p/r from the company only says that they will be distributed "later".
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Here's a good one, couldn't happen to a nicer bunch of people. Note: Scwab, Jeff, Nite, all involved.
July 28, 2004. (FinancialWire) The Depository Trust and Clearing Corp. has been sued again, this time along with Anthony Elgindy, Schwab Capital Markets (NYSE: SCH), Ameritrade Holding Corp. (NASDAQ: AMTD), ETrade Group, Inc. (NYSE: ET), and Bear Stearns (NYSE: BSC), for a total of $49 million. In other StockGate activities, the NASD has expelled Ryan & Company, LP (RYCO) of West Conshohoken, PA, for failure to cooperate in an ongoing investigation into whether Ryan and the firm engaged in a widespread scheme of impermissible short selling activity on behalf of three hedge fund clients, and Track Data Securities of Brooklyn has been censured and fined $15,000 for accepting customer short sale orders in certain securities and, for each order, ?failing to make/annotate an affirmative determination that the firm would receive delivery of the security on behalf of the customer or that the firm could borrow the security on behalf of the customer for delivery by settlement date.? The lawsuit, #04-CV-80403, Capece v. Elgindy, et al, was filed in the Southern District of Florida in West Palm Beach. The plaintiff is Louis R. Capece Jr., represented by Robert Charles Stone. It has been assigned to Judge Kenneth L. Ryskamp and is expected to be heard by a jury. In addition to those named, defendants include THE ELGINDY SITES, ROBERT HANSEN ELGINDY, BRADLEY ABELOW, MICHAEL C. BODSON, JONATHAN E. BEYMAN, FRANK J. BISIGNANO, STEPHENS P. CASPER, JILL M. CONSIDINE, PAUL F. COSTELLO, DONALD F. DONAHUE, MARY M. FENOGLIO, GEORGE HRABOVSHY, RONALD J. KESSLER, CATHERINE KINNEY, PETER B. MADOFF, EILEEN K. MURRAY,.JAMES P. PALERMO, THOMAS J. PERNA, RONALD PURPORA, DOUGLAS SHULMAN, ROBERT H. SILVER, DENNIS J. DIRKS, THOMPSON M. SWAYNE; Also, KNIGHT SECURITIES, LP, SCHWAB CAPITAL MARKETS, L.P., LEEDS AND KELLOG, M. H. MYERSON, MORGAN STANLEY, GLOBAL SECURITIES OF CANADA, E-TRADE, FIERO BROTHERS, TD-WATERHOUSE, JEFFERIES & COMPANY , INC., BEAR STEARNS & CO., INC., Holly Robin Skolnick, Eliot Pedrosa, David E. Koropp, FLORIDA DISCOUNT BROKERS, PACIFIC SECURITIES OF CANADA, FLEET TRADING, INSTINET CORP., GRUNTAL & COMPANY, ARCHIPELAGO LLC, ING BARINGS FURMAN SELZ, FIRST BERMUDA, DLJ, DATEK, SHERWOOD SECURITIES, and DREYFUS BROKERAGE SERVICES
Moneypenny -I was just going to post that same link. I think it missed one company but it's a good start.
Noah -Great to see you back. I like your posts.
SingleMom and Str8shooter -lots of posts go unanswered. Sometimes it's that we don't know the answer. Other times it's just busy and then forget to get back to it. Also some people tend to like to talk back and forth. Just keep hopping in and post the same question later on if half a day goes by without an answer.
Wallace, You are right that Naked shorted shares can show up in a cash account. The naked shorting is done at the time the MM is selling the shares to us (I know you know that -this is for others' benefit). It is an electronic copy and not matched to available shares.
JBCak -I think it was you who mentioned the cash account and naked shorting. Regular shorting -the borrowing of stocks selling for greater than $5 a share cannot be borrowed by your brokerage firm using shares in your cash account. If you use margin they can and do borrow those to short. I am not a big fan of regular shorting but can see it's usefulness. I hate to see people having a vested interest in a stock tanking. I loathe Naked shorting and it has ruined this market IMO.
Everyone -I read an interesting rumor on the unofficial CMKX board that tomorrow AM on the pink sheets will be some updated info on CMKX. It could be the share count. I thought that was what was being alluded to.
Lots of craziness going on with this stock. The share count could help dispel some of that. I am kind of glad the price has been flat. I have been able to purchase a lot of shares. If it moves I may be able to try for some free ones. That would be refreshing. If it goes lower I plan on getting tons more. This is my favorite stock. It has so much going for it. Not just the minerals and spin off dividends but the drama and entertainment value is better than most stocks. I can't think of another that is this entertaining.
Good night and catch you in the AM-Lord willing. IMO-DD-GLTA-Debi
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If I am 'paid pumper' Wallace I wouldn't be gathering change in my car to buy CMKX now owuld I 
