quote:

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Originally posted by will:
Post from another board:

Seriously Melvin has to go..

Melvin doesn't know what he's sayin...
« Thread started on: Today at 4:59pm »
Melvin is on paltalk saying that once you get the claims you only have them for 2 years. I was talking to Ron at the races; he said you have the claim for 3 years, and once you work on them you have them for an additional 3 years. People that were standing around me can verify this. Melvin constantly contradicts himself. Before he was saying if we renew them by doing work on them that we have them for 12 years. It's hard to trust him with anything he says. I'm not bashing Melvin, I just think he should stay off Paltalk, as he is constantly contradicting his own words.

he also stated that all paperwork was complete for drilling, then later says that there are still 2 more forms. What the ?

The problem is we are not getting calming stuff from Melvin. Mt St Helens and the "spaceship is on the launchpad" are not calming stuff. He contradicts himself on several occasions causing even more rumors in an already rumor-filled stock.
That is about what Melvin said he did. He said the 6000 shareholders number he just pulled out of thin air.

As much as many of us like Melvin, he is out of the information loop and most cannot see that. I hope it doesn't backfire on us.

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Will, To say that Melvin doesn't know what he's saying is absurd. He only says what he is allowed to say. People ask him questions to try to get tidbits of info that will make them move one way or the other, so what he does say...as fact...will directly affect what an investor does. Have you read the leases? Do you have proof that what was stated by Melvin as an off the cuff answer was not correct? Or did you get an answer that you thought would discredit Melvin and now use that as fact? The paperwork is a nightmare. A company can be sent request after request for additional items after initial paperwork has been completed. AS for the 6000 shareholder statement. That, too, was a rough estimate stated to imply that there were many shareholders and probably many more unknowns. Maybe he's not in the loop, or maybe he is just not at liberty to disclose those items that were asked. Maybe, he should not be on Paltalk, but to say he doesn't know what he's talking about is unwarranted. The spaceship joke was an attempt to put some lighthearted words in a wild, intense, situation. The PRs have been good. The powers that be have been strait and true. Everything appears to be legitimate and hopefully profitable. But to try to put doubt into the people on this board by your kind of statements lead me to believe you may have another agenda. I hope this is not the case. I sit here and read, watch, search and listen to everything and I am confident this will be an excellent investment for the short and a fabulous investment in the long haul. I do welcome and respect your and all opinions.

quote:

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Originally posted by Upside:
TW,
Did you know that will and I are one and the same?

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Will-the share count is important,

Upside-those diamonds were the size of a rats pimple or something like that.

Tic-Toc-that was a great post of the technology if that was yours.

Taking a look at that technology when you see it printed out up close is amazing. You do know what you have. It speeds up the process of mining. I don't know how long it will take to mine the diamonds, gold or other minerals. But we could sure sell some mineral rights rather quickly with those kind of maps and the ability to let them core sample at their expense to see if they want to proceed.

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C'mon Wiz, that isn't true. Everyone knows I have a problem with these complicated "master plan" theorist. I think Work alluded to me having an agenda, maybe like being a basher. I am a guy who found this message board and started trading pennies in late Jan. 2004. I have been accused of not understanding what is going on with this stock, and finding negatives were there aren't any. Well, I don't think ANYONE understands what is going on with this stock. Oh sure, they all have theories, but I say those theories are to protect their substantioanlly larger investments. I own 1.5 million shares. Do I have to be a technical genius or battle hardened investor to recognize inconsistancies. I don't have to have degree in trading to know that when I read a PR from one company giving GREAT detail of a core sample, and then read CMKX's PR, and compare the two, I certainly can recognoze ambiguity. I ask why? It doesn't take a genius to recognize when someone is lying to you, telling you half thruths, or making ambiguous statements that can give them deniabilty later. The question is simple, why not be forthright, forthcoming, and straight forward. I know people get tired of me asking that question, the usual answer it is, well they can't be, they're in a poker game with the MM's, or it's part of the master plan. Sorry I can't explain it away that easy. These are questions people should keep in mind when the read one of those feel good post that project the master plan. If you notice at the end of all those windbag theories everyone is a millionare. I want to believe that too. This thing is like Natradomus, they explain he predicted something after it happens, and reference some general ambiguous scribbling that some goof jotted down after consuming too much wine. These guys that thoerize on this and make dogsh|t smell good are holding $10K or more of this stock. I have nothing to gain by offering opinions and doubting the intentions of these posters or the forthrightness of the mangaement. It's just that I was always comfortable with dealing with people that tell you the whole truth and the complete story. It makes ME more comfortable. For you others, I guess there is faith, trust, and hope.

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Sorry to take up so much room copying your last post but I just wanted to say, BASHER,BASHER,BASHER!

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Originally posted by Upside:
Just kidding TW. Will is will and upside is kind of an azzhole. Hey wait a minute, that's me I'm talking about. Getting confused now!

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Upside, no problem, I think I been around enough to kind of get to know you guys, and Up you are not a$$ho|e, you not even close to this category - I experienced worst.

Debi I am still here, but I have to go.
I have busy day tomorrow doing nothing all day long. I will check in on the weekend to see if everything is under control.

Good night guys and good weekend.

Do you know what happens to pink sheet companies that are "forthright, forthcoming, and straight forward" with their investors? Being "ambiguous" may be one of the smartest things a pink sheet company can do!!!

If it weren't for the lawyer, I would probably be there with you questioning each and every move this company makes, but I truly believe that they have something BIG in store for us, otherwise why hire a lawyer of RG's caliber and why would such a lawyer, with nothing but a reputation to loose, agree to represent a pink sheet company like us?

At this time most of what we talk about is pure speculation anyway and nothing can change my mind except official company PR's. I'm sure the same is true for you guys.

I have been trying to find the evidence to back up the figures in it regarding the size of our drill area. At the moment this is just more chaff for the rumour mill. Make of what you wish, but if this is true....i am speechless.

Drill Target (CMKX)
« on: Aug 5th, 2004, 7:51pm »
Quote Modify

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Originally posted by VNGNTN1:
[QUOTE]Originally posted by highwaychild:
[b]Will,
The o/s is still to be deterMINED.

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[/B][/QUOTE]

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Because you guys are always so friggin' negative, I am now thinking about giving you evil nick names, something along the lines of "Up Vader" and "Will the Hutt" (can't you tell, I used to be a Star Wars fan, LOL). I'll have to give this some serious thought tomorrow.

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quote:

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Originally posted by WorkAHolic:
IMO...I think CIM is the jewel of this whole thing. I hope we get lots and lots of it. Hang on, we may very well make history.

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CORRECTION...

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WHAT THE HE$$ is a deter mine
VAN
/

I though he was the host of "German Dance Party"...

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He is the host but deter is his real name. His on air persona name is diamond.

The 20th of August: to be or not to be
« Thread started on: Today at 01:04am »

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So many investors have locked their sites into the 20th of August as being the day of deliverance. Expecting that the O/S will come, the naked short sell position has to be covered, the PPs will have to jump, etc... I'm sure everyone has heard the stories.

These assumptions may be setting many up for a fall. I would like to suggest just for rational thinking that the O/S doesn't have to come, the naked short sell position doesn't have to be covered, and the PPS doesn't have to jump.

Lets project ahead and take a little journey into speculation and possibilities.

First of all the 20th of August is the record date and not the distribution date as far as we know. Therefore no O/S, no PPS jump, No covering of the NSS position which I will explain shortly. If the MM's don't cover the NNS position then what could happen is that every naked short sell position that the MM's have not covered on the UCAD record date, which is actually calculated as "T-3", will be entitled to the UCAD dividend when the distribution date is announced.

In all reality the deadline for the MM's to cover the NSS position and not owe the UCAD dividend to the NSS position is 17 Aug 2004. The "T-3" is the rule set in by the SEC for "record dates" on dividends. They estimate that the longest time permitted for a share transaction to settle is 3 trading days. The T = target date which would be the 20th of Aug 2004. The "-3" is counting back 3 days from the target date = 20th, 19th, 18th, thus making the closing of the 17th of August the last possible opportunity for the dividend to be obtained by CMKX ownership.

If you sell your CMKX position on the 18th of August you still will receive the dividend. I know it may sound crazy but that is how the system works.

In all reality the MM's don't have to cover any NSS position on CMKX as long as they match the dividend payments to the NSS position that is paid by CMKX to the O/S. As long as they match the dividend to the NSS position noone will know what is going on. Whether it is UCAD, GEMM or CIM the NSS covering by the MM's could be in dividend form and not in actual settling the naked short sell position on the CMKX share. Meaning that the dividends would be paid by the MM's, if they can, but they would still owe the naked short share to the investor at some future date and time. With the UCAD shares being restricted a NSS position on UCAD could be a possibility seeing they can't actually be traded for 1 year.

There is the possibility that the MM's could match the dividends, but the dividends themselves should cause the PPS to rise somewhat. Also remember that the dividends could come with restrictions such as a non payment to CMKX restricted share holders thus increasing the UCAD dividend to the shareholders in the TRUE FLOAT, whatever number that is. The details have not OFFICIALLY been released as of yet. What that means is that all CKMX shareholders with restricted shares, mostly insiders, would be withdrawn from receiving the dividend and the remaining shareholders would receive the entire 7.5 million shares.

For instance:
if our entire O/S were say the speculated 483 billion and 400 billlion of these were restricted shares then the dividend could be paid to the remaining 83 billion shares. How would this change the MM's dilemma?

483 billion dividing up 7.5 million UCAD shares would be 15.5 UCAD shares per million of CMKX. So right now the MM's expect to pay 15.5 UCAD shares per million CMKX shares on their entire NSS position of which none would be restricted shares.

If the dividend restricted all restricted shares of CMKX from receiving the dividend then the UCAD shares per million would rise significantly.

83 billion CMKX shares dividing up the 7.5 million UCAD shares would = 90.3 shares of UCAD per million shares of CMKX. IF the MM's had 500 billion in their NSS position then they would owe 45,150,000 UCAD shares to their NSS position. If 400 billion in the NSS position then they would owe 36,120,000 UCAD. If 300 billion they would owe 27,090,000 UCAD. If 200 billion = 18,060,000. If 100 billion = 9,030,000. If 1 billion = 90,300 UCAD. At $6 per share for UCAD only 100 billion NSS position would cost the MM's $54,180,000 dollars. That same money the MM's would have to pay out on 100 billion NSS position dividends could actually buy over 135 billion shares of CMKX at its current price. Why would the MM's pay that kind of money and still owe the NSS position knowing that other divdends are following?

I understand as I'm sure most do that if the PPS began to rise because of the MM's covering their NSSP that the cost to actually cover the CMKX NSS position the MM's hold could possibly be higher than this initial calculation, but you can see the point. The question would have to be asked why the MM's are going to pay a UCAD dividend to CMKXers on the NSS position when they could possibly use that same money to cover those same NSS positions?

A logical answer would be that they are not going to pay the UCAD dividend because it only makes sense to cover the entire position for the same money. If they don't cover then this should tell us that the NSS position is extremely high possibly into the trillions and that it would be more beneficial for them to pay the UCAD dividend and try to make investors believe that there is no NSS position therefore no cover coming and the MM's would hope to shake 100 billion or more shares loose after the UCAD dividend. If the MM's pay the UCAD dividend to the NSS position then the PPS stays low through the dividend, say .0004 or .0005, and many that had believed for the 20th being a MM buster could lose faith and sell. Then immediately following the UCAD we have the CIM dividend that the MM's could also naked short sell since their is no market at this time for CIM. Once again holding down the PPs and shaking the CMKX investor tree and trying to recover more 100's of billions of naked short shares from CMKX investors.

By this time they have saved billions of dollars and recovered 100's of billions of their NSS position. The PPS could still be low, .0004 or .0005, or possibly even falling by now. The next dividend isn't due until Oct and the MM's will have 4 to 6 more weeks to work their magic and buy frustrated driven CMKX investors out at fractions of a penny.

Until we have an official distribution date and the pro rata data then we will not know for sure the O/S. This could be Oct 2004 when the GEMM dividend is scheduled for distribution. As I pointed out the UCAD dividend could be paid and or possibly naked short sold by the MM's seeing that there is a one year restriction being placed on the dividend. I understand that there is not enough UCAD in the float for the MM's to cover, but that is not full proof for a NSSP cover.

I'm not saying this is going to happen and I am not hoping that this happens, byut I am saying it is a possibility and we need to make ourselves ready and not become delusional over a party announcement at the end of October in Vegas. I agree that is a little encouragement for investors to hold in with CMKX, but many replies are they aren't going anywhere unless the PPS is up by then. Those which say such things are not thinking long with CMKX or they simply can't afford the trip.

The question I think needs to be asked si if you are ready to stand the test? The scenario I presented could happen! Would you sell if the PPs is still .0004 or .0005 into the first week of Septmeber? 2 dividends are past and no significant rise in the PPS, no O/S, no apparent cover by the MM's, and we have the MM's by the short hairs and no one knows it. Many could be turning on Urban and D. Roger Glenn by this time thinking that the NSS position was all B/S and dilution has been going on all the time.

How strong are you? Do you think you have looked at all of the angles? Will you stay long on CMKX no matter what?

Personally I believe that Urban and D. Roger Glenn are way ahead of the game and they will keep the dividends coming and eventually a cash dividend to squeeze the bejeezus out of the MM's. And then another cash dividend and another if that is what it takes. Where will the money come from? We may already have it or we could raise it in a flash with all of the claims and potential that CMKX has.

So many are looking for this great rush to come on the PPS because of the cover being forced on the MM's, but remember they are not without resource. The PPS has been stalled for weeks and many are chomping at the bits already. Others not chomping are expecting a great rise in the PPS when the cover comes and what if they don't see the cover in the next 6 to 8 weeks? What then?

What if no O/S, no rise in the PPS, and no evident covering taking place in the 4 to 8 weeks? Where would you be?

The foundation of our position needs to be in the mining potential of CMKX and not a quick buck through a MM covering. It would be nice, but if you think you can make it happen with a few dividends, think again. if we have a low NSS position then we will see a cover in my opinion. But if it is huge as most predict that it is, then you had better hold on and get rooted in your position by the true potential of the company and you will stay in through the MM cover and through the CMKX mining discoveries and recoveries because that is where the long term dollars will be.

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

Success is ours if we keep the faith!

quote:

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Originally posted by dwman:
Does anybody remember how far back the PR about 1 share of CIM for 1 share of CMKX is>? Or did I dream that 1 for 1 distribution? CIM is over $4 per share now.

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It's CMI, not CIM. CIM is "CIM High Yield Securities". And CMI is already Cummins, so the CMI or CIM will not be the symbol anyway. The company you are talking about is not even publically traded yet.

It would be like a lava flow on the surface as it flows out for a mile or more.

+ beside the dividend, signifying that is the minimum number and they do not have the info to give an exact number.

From what I have read there will supposedly be 3 dividends (via stocks) paid out. Can anyone give me the
a) ex dividend dates for each of the supposed dividends
and
b) the record date on each of these dividends.

From my understanding, the UCAD dividend
record date: aug 20
ex div date: ????

How about the others?

If anyone could supply that info, I would be a very happy man. Thanks.
-Razor

Upside and Will I would love especially value your thoughts on this.

Did anyone read Dr D.'s post carefully? I want to address one thing he said and then offer a question or observation. He was talking about the ability to cover the naked short dividend with UCAD shares. The restricted CMKX stock will not receive the dividend. So the number of shares of UCAD for the other investors is increased. If there is a very large short the number of UCAD shares needed to cover will be larger than the amount of Authorized stock in UCAD. I would think that would be game over right there. There are only 7.5 Million UCAD restricted and 7.5 Million UCAD unrestricted. Once the fraction per share is given, that number times the oustanding shares =7.5 million. So where on earth will they get more shares? They can possibly buy 7.5 million UCAD (which I should be buying now if I have a brain) to disperse to the naked short shares but what if that short is bigger than 101% the number of outstanding shares? * Remember the 483 Billion has not be PR'd by the company-it may be there are legitimately 483 billion out but we don't know the structure of those-the actual available outstanding for dividend purposes could be very small * It then becomes impossible to cover. Because there is only 100% more UCAD stock available. At 101% it is game, match, set, -checkmate, -Time is up -Straight Royal Flush-

Please correct me if I am mistaken on the above idea.

If they cannot cover, a negotiated settlement may be necessary. Since I have never seen anything like that happening I would love to hear from someone who has. This is how I am viewing all this right now. I think we have true value in the mineral rights. I think UC and Roger Glenn are on the up and up and things are happening. I bought more today and if I had more available cash I would still be buying. Thanks in advance for all carefully considered comments. IMO-DD-GLTA -Debi