This one is not that bad, I must add.
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CMKX-Operation Dividends...

Operation Dividends is the major air campaign of the Casavant Maneuver that is going to be launched to combat and take out the naked shorting that have been going on with CMKX by the Market Makers and/or their affiliates. This is how we will win the battles and ultimately the war! Below are some thoughts that are only my opinions.

This is a major Operation that Urban Casavant and Team CMKX will be launching to award shareholders tactical and strategic gains of huge magnitude in my opinion. This will be done through giving shareholders cash and shares in newly subsidiary companies with the goals of each subsidiary to be trading in any of the major markets to eliminate the opportunity of having fictitious shares created for accountability.

On the date of execution of each subsidiary, the subsidiary will then trade as a conceived dividend in our brokerage accounts leaving value behind in CMKX as shares are transferred into our accounts. The goal is for us never to sell any CMKX shares and to live off of our dividends as they will have tremendous value in cash and shares which will all trade on major markets with the approved stamped seal of Urban and Roger Glenn.

This will enhance value in CMKX and will not allow their valuation to be subject to degradation of the large CMKX outstanding share (OS) structure in my opinion which is a must and a plus to provide the essential liquidity for more shareholders to enjoy in the fruitages of CMKX prosperity. Before we continue on further, let’s understand why Urban chose to have a large OS. And what I mean by large, is that it’s a lot larger than what many of us had originally expected.

Having a large OS allows Urban to be able to help people through executing Operation Dividends. If there was a small OS, such as 1 million shares, there would not be many or enough shares available for many to buy. Therefore, only a few could buy shares in CMKX to be awarded the value to be placed in the dividends to be awarded to the CMKX shareholders. A select few could buy up CMKX and keep many from becoming prosperous through Urban’s gifts through the dividends. How could Urban help many people if he did not make available shares to be bought for us all to retrieve the dividends of value?

Urban can take all of the value that would be in CMKX and divide each precious metal, minerals, and other tangible assets into stock spinouts to trade as their separate entity to award to us shareholders and further enhance dissemination.

The best way to view this is to consider the company mentioned to trade as a subsidiary under CMKX while enhancing value especially as their price increases up until the time of the execution date. Upon the execution date, the value would have graduated CMKX to the next level of valuation while the subsidiary breaks off to trade for us separately as our dividend under its own merit and valuation only.

If the shares of the subsidiary remain restricted, then it should be considered a delayed cash dividend at the time of when you sell. If the shares are not restricted, then the shares could be considered an immediate cash dividend through a stock dividend at the time of when you sell. All of these dividends will be stocks of value trading on major exchanges because I believe that such is one of the main purposes for hiring Roger Glenn.

I’m thinking that Urban will be selling land to companies that would have use for key resources already identified on certain portions of our CMKX land. From looking at the past PRs, it looks like 49% is the magic number. From reading the Jan 03 PR about stock and cash dividends, one would have to guess that Urban could be giving us 49% of any transaction completed for cash back to the shareholders and 49% of the stock being dealt with. This is a double hammer of gains to us shareholders and the companies involved.

The shareholders would be so happy from such receipt of any type of cash dividend if such were to happened as mention from the PR dated back in Jan 03, that it would turn into a rush to see who could buy more CMKX shares the fastest to include UCAD and GEMM for being key affiliates. This would be a brilliant move because I would have to guess that investor confidence would grow and see the importance of why Urban wants us to hold our shares of CMKX. This would be Urban’s way of letting action speak louder than words.

I believe this action is how Urban is planning on rewarding only us CMKX shareholders many dividends in significant companies/stocks of value by using the “Legit Float” as the key variable to determine the distribution ratio instead of using the OS as done as the norm. This means that the OS is not important for actual valuation anymore for us CMKX shareholders. This is why knowing or not knowing the OS does not matter because it won’t be used for determining the distribution of dividends. This will revolutionize the entire investing community completely if this transact as I suspect!

Urban is using the “Legit Float” as the key variable and numerator for determination of the distribution ratio which I believe to be less than 40 billion in my opinion. The 40 billion shares is the cap of maximization in my opinion for the “Legit Float.” This is what I assumed from interpreting the CIM dividend PR. ht tp://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2004%5C07%5C20%5C22109201.html%26clientid%3D168%26provider%3DBUSINESS_WIRE&symbol=CMKX

The thought for using the 40 billion was because Urban wanted to make sure all of the current shareholders receive shares in CIM that bought after the old cutoff date of Sep 03 to keep a united front of happiness amongst all the present CMKX shareholders that have been major contributors and supporters of the company. With the announcement of the 40 billion in the CIM PR, I am guessing that such was the number to make sure he captures all the current shareholders as a minimum number for the “Legit Float” for the cap.

This means that the “Legit Float” will be the key variable to use for determining the distribution ratio to shareholders and not the OS as usual. The OS will be used for filing purposes to assess official value with the SEC for determining fundamental valuation. It doesn’t have to be used as the variable of distribution to disseminate shareholder dividends. The CEO can officially give out his dividends to whoever he wants. If it’s just shareholders of the “Legit Float” then so be it as long as it is explained to the insiders to not be expecting any dividends for their restricted shares which make up part of the OS.

This is in congruence with Urban’s plan to reward those who are in need. Urban considers us the shareholders as being in more need than those who own restricted shares. Urban is our modern day Robin Hood because he will legally take from the rich (or not give to the rich) to give to the poor (or those who are more in line of the needy). This is the love the Urban makes manifest for his CMKX shareholders.

The normal OS is made up of the Restricted Shares + the Float. Here with CMKX, the OS is made up of the Restricted Shares + the Illegitimate Float + Legitimate Float. This is how new shareholders that buy up until the date of execution are included into the distribution ratio even though their recent shares bought are naked shorted shares.

I think we should consider the thoughts of the normal OS for CMKX to be 195 billion to 300 billion in my opinion. From the UCAD dividend PR, Nevada minerals was officially given 75 billion shares of CMKX. This is an official announcement of actual restricted shares that are officially part of the OS.

I am guessing that those 75 billion shares represent 49% of CMKX outstanding shares (OS) so that Urban and the company insiders maintained a 51% controlling interest in CMKX.

Now we must ask ourselves…

75 billion is 49% of what number?

To solve:
75,000,000,000/X = 49/100
49X = 7,500,000,000,000
X = 153, 061,224,489

This means that the OS could conceivably be 153,061,224,489 shares. The 40 billion mentioned in the CIM dividend PR could be included within the OS number just calculated. If not, then this would give us an OS of about 195 billion as I had mentioned earlier.

All of these shares bought by shareholders up until the date of execution and in past are captured in the 40 billion number in my opinion as the cap for the “Legit Float” as the 40 billion mentioned in the CIM dividend PR. This means the 7.5 million of UCAD should be divided by 40 billion to get the distribution ratio. Observe...

7,500,000 ÷ 40,000,000,000 = Per Share Multiple
.0001875 = Per Share Multiple

This means that this is the multiple to use for determining the amount of UCAD you will receive per 1 CMKX share bought. Example...

1,000,000 CMKX shares x .0001875 = 187.5 shares of UCAD

This means that for every 1Mil shares you buy of CMKX, you will be given .0001875 shares of UCAD.

So, if you own 25Mil of CMKX, then...

25,000,000 x .0001875 = 4,687.5 shares of UCAD

Assume now UCAD is trading at $15.00 per share:
UCAD = $15.00 x 4,687.5
UCAD = $70,312.50

This means that for buying 25Mil shares of CMKX at .0004 cent(s) at the cost of $10,000, you will be getting back $70,312.50 in UCAD value from the above example. Keep in mind that this will only be 1 stock dividend of many as this still does not include any inclusion of any cash dividends. Hmmmmm…

For you heavy hitters, consider if you bought 250,000,000 shares of CMKX at .0004 cent(s).

So, if you own 250Mil, then...

250,000,000 x .0001875 = 46,875 shares of UCAD

Assume UCAD is trading at $15.00 per share:
UCAD = $15.00 x 46,875
UCAD = $703,125

The above is how to consider the calculation for determining the distribution multiple to determine the portion of UCAD shares given for owning 1 CMKX share. The same results would be warranted if done in reverse to derive to such resolution through the use of the ratio logic.

Now if the OS is actually the 153,061,224,489 as derived from above, then consider such below:

7,500,000 ÷ 153,061,224,489 = Per Share Multiple
.000049 = Per Share Multiple

This means that this is the multiple to use for determining the amount of UCAD you will receive per 1 CMKX share bought. Example...

1,000,000 CMKX shares x .000049 = 49 shares of UCAD

This means that for every 1Mil shares you buy of CMKX, you will be given .000049 shares of UCAD.

So, if you own 25Mil of CMKX, then...

25,000,000 x .000049 = 1,225 shares of UCAD

Assume now UCAD is trading at $15.00 per share:
UCAD = $15.00 x 1,225
UCAD = $18,375

This means that for buying 25Mil shares of CMKX at .0004 cent(s) at the cost of $10,000, you will be getting back $18,375 in UCAD value from the above example. Keep in mind that this will only be 1 stock dividend of many as this still does not include any inclusion of any cash dividends. Hmmmmm…

For you heavy hitters, consider if you bought 250,000,000 shares of CMKX at .0004 cent(s).

So, if you own 250Mil, then...

250,000,000 x .000049 = 12,250 shares of UCAD

Assume UCAD is trading at $15.00 per share:
UCAD = $15.00 x 12,250
UCAD = $183,750

Now, if for some reason neither of the above paths are not the paths taken, then we should consider only as a worse case scenario the information that is publicly known through the link below which indicates that the distribution multiple equates to 1 share of CMKX being equaled to +.0000155 shares of UCAD. http://www.otcbb.com/asp/dividend.asp?sym_id=CMKX&dDate=08/20/2004&sDateType=Record_da te

Because of the plus sign in front of the multiple, I think that we should consider such as what was temporarily submitted as the worse case scenario. This means that the multiple could be later reported to be higher on the plus side for calculation which would result in a mathematical effect of deriving a lower OS for CMKX. As it stands from the link, the OS is derived as shown below:

7,500,000 ÷ .0000155 = OS
483,870,967,741 = OS

First, before I go any further, I am not saying that I believe this to be so. I am just showing how if this is so, we still would be fine from the implementation of Operation Dividends.

This means the 7.5Mil of UCAD should be divided by 483,870,967,741 to get the worse case distribution ratio of .0000155. Observe...

7,500,000 ÷ 483,870,967,741 = Per Share Multiple
.0000155 = Per Share Multiple

This means that this is the multiple to use for determining the amount of UCAD you will receive per CMKX shares bought. Example...

1,000,000 CMKX shares x .0000155 = 15.5 shares of UCAD

This means that for every 1Mil shares you buy of CMKX, you will be given 15.5 shares of UCAD. So, if you own 25Mil, then...

25,000,000 x .0000155 = 387.5 shares of UCAD

Assume UCAD is trading at $15.00 per share
UCAD = $15.00 x 387.5
UCAD = $5,812.50

So let’s consider where we are as a worse case scenario. This means that for buying 25Mil shares of CMKX at .0004 cent(s) at the cost of $10,000, you will be getting back $5,812.50 in UCAD value from the above example. Keep in mind that this will only be 1 stock dividend of many as this still does not include any possibilities of any cash dividends as I mentioned above too.

Again, for you heavy hitters, consider if you bought 250,000,000 shares of CMKX at .0004 cent(s) at $100,000.

So, if you own 250 million, then...

250,000,000 x .0000155 = 3,875 shares of UCAD

Assume UCAD is trading at $15.00 per share:
UCAD = $15.00 x 3,875
UCAD = $58,125

So if the +.0000155 is not the correct multiple to use for the UCAD distribution of shares, then according to the SEC Rule 10b-17, paragraph b, section 1, CMKX will have to have submitted the correct info within 10 calendar days of the date of execution from the link below. This interpretation is yet still debatable. http://www.otcbb.com/aboutOTCBB/secrules.stm

None of the above calculations are bad. Some are just better than others. All of them presented the delivery of a dividend I UCAD to give us much of what we now do not have. These options are all worthy for increased hope in my opinion for a dividend to CMKX shareholders.

Urban will continue to award us shareholders numerous dividends in the amount of 15+ to enhance the value of CMKX culminating with the goal achievement of being on the NYSE in my opinion. So in my opinion, multiply any of the above examples by 15 to really understand the magnitude of Operation Dividends.

As I had mentioned before, there were mentions of a cash dividend in an older PR dated back in Jan 03. To consider the power of a cash dividend, one must understand the power of how one would bring instant valuation to the worth of CMKX. Let’s take for an example what should be considered if we were to receive a cash dividend of .10 cents.

Understand first that I am by no means insinuating that we are receiving a cash dividend anytime soon in the amount of .10 cents. I am only using this number to facilitate the example that I am about to explain. I am still speculating.

To continue, take for an example if we were to receive a .10 cents cash dividend to capture the immediate valuation of CMKX. You must first consider that upon such an announcement, this would mean that CMKX could be bought up to .10 cents and much much higher to warrant gains.

The thought would be that if you bought CMKX at .10 cents, you would get .10 cents back in return from the dividend. This would give you a 100% return on your money from buying CMKX at .10 cents.

Now consider that if you bought CMKX at .20 cents, you would now get 50% return on your money by getting the dividend of .10 cents.

Now consider that if you bought CMKX at .50 cents, you would now get 20% return on your money by getting the dividend of .10 cents.

Now consider that if you bought CMKX at $1.00 per share, you would now get 10% return on your money by getting the dividend of .10 cents.

Now consider that if you bought CMKX at $2.00 per share, you would now get 05% return on your money by getting the dividend of .10 cents.

So, buying CMKX at $2.00 per share would still give you a better return than what you would get by placing your money in a regular savings account.

The rate of inflation is 3% per year. Buying at $2.00 would also give you a rate higher than the rate of inflation.

All of the stock and cash dividend scenarios are all from a speculative point of view for consideration to give you a format to use once factual information is released by the company to determine the fundamental value in CMKX. These are ways in which I believe Urban will be building value in CMKX as a powerhouse dividend distribution machine through Operation Dividends.

By building CMKX into a powerhouse dividend distribution machine, the market makers (MMs) will have no choice but to cover to keep from burying themselves deeper in this naked short position they created for themselves. They are already embarrassed at how they underestimated the potential of CMKX and they know that they are in trouble, trust me on that one. Urban wants to instill in CMKX enough value to place CMKX in the position to maintain the levels of covering from the MMs once achieved.

Eventually the MMs will have to increase the bid to entice us shareholders to sell at our desires for them to cover. They will soon see that the value that CMKX will be revealing will force them to see that it’s not a matter of ego, but rather a matter of survival for their existence. They will be suspended from trading if they don’t come clean to rectify this problem in my opinion.

Urban does not want us to sell any of our shares though. He wants to take care of us through Operation Dividends. He would like for CMKX and/or the CMKX subsidiary/affiliate of companies to exist for our children and our grandchildren. He believes that he can make us as shareholders see his dreams as it is closing to form a new beginning.

This means that the ultimate goal is for CMKX to go away through what we have been wondering about since our introduction into CMKX, a Tender Offer. Urban wants to put us in a position to where he can send us out proxies to vote on a Tender Offer that we can’t refuse after all of the dividends have been secured in place for us shareholders in my opinion. Accepting any offer now would be like accepting the pie pan before placing the pie crust and pie filling in it before baking it. Why not just finish making and baking the pie so that you can get 10, 20, 30 or more times the value that you would have gotten from originally selling the pan.

I suspect that Tender Offers have been made and the interested parties are graduating to higher levels of interest. The longer we wait as more valuation is placed into CMKX, the higher a price would be justified. The time is nearing for such to consummate as I am sure that such is something you don’t want to wait to long either to transact. I’m guessing that we are about 4 months out before entertaining such thoughts. Again, only a guess.

As for the MMs, they will usually get a huge covering if they allow for a huge price increase because many will be selling to transition their positions to new shareholders with less of a supply to work with because of the increased investor interest that I believe will be taking place in the near future. This will force the MMs to chase the price upwards to not allow the lack of supply to overwhelm them for meeting the significant increase in demand.

As more is revealed, more individuals will be understanding that knowing or not knowing the OS is not as significant as what many have initially thought. I have shown from previous posts how we are a 2+ trillion dollar company through intrinsic valuation. From the examples above, I remained very conservative in my dividend calculations to be considered as worse case scenarios.

When we hit/reveal the mother-load, as I think we will and not in just diamonds either, much will justify prices that will reveal that there still will not be enough shares out there for the needed liquidity. All that you have just read are nothing more than my opinions. Treat all of the above as “theory” until proven to be “fact” by Urban and Team CMKX. Soon is in the eye of the beholder. The time is now!

All is well! http://www.sterlingsclass.com/

;-)
Sterling

quote:

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Originally posted by WWJD-thru-me:
Still long and strong and planning on going to Vegas. GLTA-IMO-DD-Debi

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From another board:

Mel's song: Don't Stop Thinking About Tomorrow
« Thread started on: Today at 9:48pm »

--------------------------------------------------------------------------------
I just checked in to Paltalk, to hear Melvin answer a question about why he was so excited there earlier tonight. Did it have to do with the aerial surveys?

His answer: A little to do with that...but more something else. I'll tell you what. I'm going to play one more song before I go. And I want you people to really, really, really listen to the words of this song. this is probably...no it IS...if you really listen to the words of this song, it will tell you EXACTLY Mr. Casavant's feelings about this company...his feelings, my feelings:

The song: "Don't stop thinking about tomorrow...."

"I hope you listened to every word in that song. Keep playing it over and over, and listen to the words...."

-BD
http://www.lyricsfreak.com/f/fleetwood-mac/54276.html

"Having a large OS allows Urban to be able to help people through executing Operation Dividends. If there was a small OS, such as 1 million shares, there would not be many or enough shares available for many to buy. Therefore, only a few could buy shares in CMKX to be awarded the value to be placed in the dividends to be awarded to the CMKX shareholders. A select few could buy up CMKX and keep many from becoming prosperous through Urban’s gifts through the dividends. How could Urban help many people if he did not make available shares to be bought for us all to retrieve the dividends of value?"

They defy logic sometimes.

"Urban is our modern day Robin Hood because he will legally take from the rich (or not give to the rich) to give to the poor (or those who are more in line of the needy). This is the love the Urban makes manifest for his CMKX shareholders"

quote:

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Originally posted by will:
CHICKEN SALAD FROM CHICKEN SH|T:

"Having a large OS allows Urban to be able to help people through executing Operation Dividends. If there was a small OS, such as 1 million shares, there would not be many or enough shares available for many to buy. Therefore, only a few could buy shares in CMKX to be awarded the value to be placed in the dividends to be awarded to the CMKX shareholders. A select few could buy up CMKX and keep many from becoming prosperous through Urban’s gifts through the dividends. How could Urban help many people if he did not make available shares to be bought for us all to retrieve the dividends of value?"

They defy logic sometimes.

---

They get way out there.

If anyone thinks for one second that Urban cares about anyone but Urban, and beleves this propaganda from someone who has a HUGE stake at risk, good luck to you.

These guys are good though. They should work in a plant that processes dogsh|t into roses.

Debi, I don't put you in their catagory, because you at least admit there are some negatives hanging out there to be accounted for.

quote:

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Originally posted by will:
cool, to tell you the truth I didn't read past, the more the merrier supposition that defied logic. lol
Urban, "The Father of Everything Good" !

They get way out there.

If anyone thinks for one second that Urban cares about anyone but Urban, and beleves this propaganda from someone who has a HUGE stake at risk, good luck to you.

These guys are good though. They should work in a plant that processes dogsh|t into roses.

Debi, I don't put you in their catagory, because you at least admit there are some negatives hanging out there to be accounted for.

Regarding your post on page 42. One would have to subscribe to the NSS theory that the good Dr supposed. If it exist, the MM's have a problem, if it doesn't there are 100's of billion O/S and we have a problem. I'm inclined to believe the stock is shorted, but not to the extent that these guys are alluding to.

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I think that there ARE some good, caring people around. People that will help the needy, stand up aginst hatred, and yes, maybe even give as much as they have been given. Yeah, I know, sounds corny..right? I don't know how far I would go, and I don't think anyone really does know that, but I do know that there are still some heros. Maybe, just maybe, there's a few heros here. I wish I could know the outcome of this. I do know that I am, for the first time taking my chance by putting my faith in my knowledge, my intuition and my prayers that this will produce enough money for me to enjoy myself and help others who maybe can't.

My shares will hold and hold and I will be patient and do my due dilligence. I hope everyone here does what they feel right. I wish us all good fortune.

I really do enjoy reading this stuff. I have about $5,000 invested in this stock and already have had a $10,000 good time. Now THAT'S a great investment. IMO

July 23, 2004
There seems to be no shortage of entities bearing the Casavant name, and no end to their intramural transactions. CMKM Diamonds, Inc. (Pink Sheets: CMKX), was known as Casavant Mining Kimberlite International, Inc. until March 2004. Casavant Mining Kimberlite International, Inc. had operated as a private entity until its shareholders secured control of a public company by virtue of a reverse-merger with Cybermark International Corporation in January 2003.

The President and CEO of CMKM is Urban Casavant.

On July 19, 2004, CMKM announced that it had agreed to invest $1 million in a company called Casavant International Mining (CIM) – that Casavant name again. CMKM stated that, in return for its investment, it would receive “a 10% lifetime royalty on all mineral claims of CIM, specifically including the George Lake Zinc Deposit.” According to the press release, in addition to the royalty, CMKM will receive 40 billion shares of CIM stock, which will be distributed to CMKM shareholders.

The July 19th press release leaves several critical questions unanswered. Does CMKM actually have $1 million in cash, and if not, how does it plan to raise the funds? As we noted in our initial article on CMKM, the Company no longer files regular reports with the Securities and Exchange Commission, so its financial condition is a mystery. See CMKM Diamonds, Inc. - A Familiar Drill.

Equally mysterious is the number of outstanding CMKM shares. The Company is authorized to issue 500 billion shares but, here again, the absence of public filings leaves investors guessing how many shares have actually been issued. Update: CMKM Diamonds, Inc. - Less and More. In any event, billions of CMKM shares have been traded virtually every day since at least March 2004.

The number of outstanding shares is significant since it will dictate how many of those 40 billion CIM shares each CMKM stockholder will receive. On the other hand, it may ultimately make little difference; CMI is a private company and consequently there is no liquid market for those shares – and no assurance that CIM, like CMKM, will not simply issue more shares and dilute its shareholders.

Investors may also be curious about the relationship between CMKM and CIM. The July 19th press release certainly implies that CMKM and CIM are separate entities – that CMKM does not already own CIM. After all, CMKM would not have to acquire a 10% interest in CIM royalties if it already controlled those rights.

So what relationship does exist between CMKM and CIM? According to the press release, the President of CIM is Ron Casavant and the Treasurer/Secretary is Dave Desormeau. While Mr. Desormeau does not share the Casavant name, both he and Ron Casavant have had prior relationships with CMKM. A Schedule 14c Information Statement filed with the SEC at the time of the reverse-merger (before the Company ceased to file reports) disclosed that Ron Casavant owned 30 million shares of CMKI common stock (the Casavant family, including Urban Casavant, owned a total of 770 million shares at that time – which was before the Company expanded its treasury to 500 billion shares); and that Dave Desormeau had been elected as a director of CMKM.

Again, absent more recent public filings, there is no public information indicating whether Mr. Desormeau remains a director of CMKM, or how many shares of CMKM are now owned by Ron Casavant and all of the other Casavants (23 of them were listed as CMKM shareholders in that Form 14c).

On the other hand, we were able to learn some information about Casavant International Mining from Nevada’s corporate records. Those files reveal that Casavant International Mining Corporation was formed in January 2003, and that its President is Urban Casavant. Those records also indicate that the corporate secretary is Carolyn Casavant and the treasurer is Emmerson Koch.

So which Casavant really does run Casavant International Mining – and does it really matter?

And then there is this – a disquieting sense of déjà vu for those who have been following events at CMKM.

On December 8, 2003, CMKM announced

the spin-out of corporate zinc deposits at George Lake, Saskatchewan, its wholly owned subsidiary Casavant Mining International, Inc. (CMI). CMKM shareholders received a dividend of one share of CMI stock on October 3, 2003.

While the language is somewhat confusing, it suggests that (i) CMI was a wholly owned subsidiary of CMKM; and (ii) CMKM shareholders will receive CMI stock.

The December 8, 2003 press release also stated that CMI was a private company that would become public within two weeks. Apparently, CMKM intended to merge CMI with another Pink Sheet company, Mirador Corporation. That transaction, however, was later aborted.

We have found no indication that CMI ever became a public company.

Sounds confusing – Casavant Mining International and Casavant International Mining – both mining for zinc in the same vicinity. Aren’t all of these Casavants tripping over one another?

So what, if anything, is the relationship between CIM and CMI – aside from their obvious relationships with some or all of the Casavants? Based upon the Company’s announcements it would seem that both CIM and CMI are involved in the search for zinc deposits in the same area - Lake George, Saskatchewan. Why were two different companies created – and where was CMI incorporated? Is it possible that each company controls different zinc deposits at the same location? If those zinc deposits were owned and controlled by CMI, a wholly-owned subsidiary of CMKM, how were they transferred to CIM?

CMKM shareholders should be interested in the status of CMI and its zinc deposits. After all, they received CMI shares in late 2003, didn’t they?

What ever happened to CMI?

More Shares to Spare

Interestingly enough, CMKM has promised its shareholders another dividend as well – this time in shares of one of its joint venture partners. On July 18, 2004, CMKM issued a press release to announce that U.S. Canadian Minerals, Inc. (OTCBB: UCAD) had agreed to purchase 5% of CMKM’s mineral claims in exchange for 7.5 million shares of U.S. Canadian stock.

In recent days, U.S. Canadian stock has been trading at about $4.80 a share, meaning that the 7.5 million shares would be valued at more than $36 million - assuming there is a market for the stock when it eventually can be sold. It is difficult to conceive how 5% of CMKM’s royalties could possibly be worth that kingly sum. In the absence of audited financial information about CMKM, investors may be understandably skeptical about any of these valuations.

Here, again, CMKM says it plans to distribute those shares to its stockholders as a dividend. Once again, the number of outstanding CMKM shares will be critical since it will determine how many U.S. Canadian shares each CMKM investor will receive. For example, if CMKM has issued all 500 billion shares, the owner of 1 million CMKM shares would receive 15 U.S. Canadian shares.

There is a catch, however. The shares will not be registered, and the agreement between CMKM and U.S. Canadian suggests that there are impediments to their future sale. Here is what the agreement provides:

Purchase Price. Seller will sell 5% of all current and future claim holdings and mineral interests in exchange for 7.5 million shares of common stock of U. S. Canadian. The shares exchanged hereunder shall be newly issued restricted shares under Rule 144 with a holding period of at least one year from the date of their issuance by UCAD and shall not have the holding period thereunder shortened by means of a dividend. Such shares may be distributed by means of a dividend but shall not take the holding or tacking periods of the underlying shares. By this agreement between both parties, in the event such transfer is initiated, the shares shall be deemed cancelled and void and this Agreement is deemed authorizated (sic) by both parties for such cancellation (sic).

These sale restrictions are vague and somewhat confusing. At what point can the shares be cancelled, and how will that affect the CMKM shareholders who receive the dividend?

The agreement also gives U.S. Canadian a one year option to acquire an additional 10% of CMKM’s mineral claims for $15 million in cash.

While all of these numbers sound impressive, it is difficult to understand the valuations afforded to either company. Unlike CMKM, U.S. Canadian does file regular reports with the SEC – and its financial statements do not paint a pretty or promising picture. As of March 31, 2004, U.S. Canadian had $408 in cash. It claims to have an additional 6.9 million in assets based upon the value of stock it contributed to a joint venture.

As of March 31st, U.S. Canadian had issued approximately 7.6 million shares – making the Company worth more than $35 million on paper based upon the current share price. That also means that CMKM will be acquiring 50% of U.S. Canadian.

The current price of U.S. Canada shares defies logic. U.S. Canadian had no revenues for the first three months of 2004. The Company has incurred cumulative net losses of more than $18 million since its inception in December 2000.

With $408 in the bank, and no revenues, it is difficult to see how U.S. Canadian will be able to pay $15 million to CMKM within the next year. It appears unlikely that the money will come from one joint venture already being pursued by the two companies – the Carolyn Pipe. So far, that project has produced two microscopic diamond particles weighing a total of .000005 carats.

In the end, investors can only wonder why CMKM is suddenly on a binge – issuing illiquid shares of other companies as dividends. Who knows? Maybe they ran out of their own.

©2004 Stock Patrol.com. All rights reserved.

WE'RE BACK ON PATROL

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Originally posted by Upside:
I was on Paltalk briefly last night listening to Sterling. The guy is completely out of his mind. Somehow through his double covered, double naked short theory and other things thrown into his blender, he's come up with a value for CMKX that ranges from 300 billion to get this, 850 trillion dollars! He's insane! The sad thing is it's like hero worship with this guy. People mention his name with awe. Say one bad thing about him or even question one of his wild theories and you're booted immediately. Guess it's not so bad here after all.

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Obviously as an investor in CMKX I like to read and believe in the positive theories with the company. But I've said it before I'll say it again, Melvin makes me nervous when he speaks and Sterling just makes me wonder. Don't get me wrong, I like Melvin. But he's not the person that people should be turning to for answers regarding CMKX. He's not in the inner circle which is obvious.

And I think a combination of he and Sterling being on Paltalk that people just give too much credit their presence. I use to read Sterling's posts with great interest. But one evening I listened to him on Paltalk and he was so out there with his answers to people's questions that I won't listen to him anymore. And then when Melvin comes on Paltalk with him it's like a train wreck between the two of them. Please remember, I like Melvin, but as an investor he has nothing to say for the company that I'm invested in that makes me feel comfortable. All opinions folks. Please no cards and letters.

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IMO-Debi

There were rumors last night that he said he had something "big" on his desk. People were speculating this was the bombshell PR everybody has been waiting for since he gets to see PRs 12 hours before they are issued (supposedly).

I am waiting...no bombshell PR today = no more sympathy for "Uncle Melvie". (I will have no respect left for the guy either way, though).

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Originally posted by bill1352:
i'm not a believer in the naked short theory for one main reason. why? the whole idea is based on the company going bankrupt and thus never having to cover any naked shares. a mm would look for a company that with a little help will fail. at some point i'm sure cmkx fell into this catagory but as things progressed that changed. mm's are not stupid even naked short pumpers agree to this. mm's would not hold naked shares of a company that started to go places. as soon as a company started to look like it was headed in the right direction they would cover. mm's are in it to make money by hook or crook and covering naked shorts does not equal making money. my guess is that last run up to .001 was the cover and the pps of today is because the o/s is stupid. ppl want to believe that UC has control of 51% but they fail to look at the rule that says if written in at time of incorperation a company can do what it wants without a vote as Upside found in Nevada state laws. i'm not saying cmkx will not do well or is a scam. i think in the long run it will find diamonds and the pps will increase a great deal. i believe these dividends are to say i'm sorry for the huge o/s, here are some shares of a company with a normal o/s to make up for it. this is just my opinion. i'm a shareholder looking at this from what i think is a realistic point of veiw

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Originally posted by glassman:
I'm not a securities lawyer, i'm just an investor and i noticed these things.... and a WHOLE LOT more........every time i come down here to post i get treated very rudely tho.......
ever seen Boiler Room?????

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what upsets me about this one is that the markets are a place where the real goal is to RAISE WORKING CAPIAL to make business grow.
i rarely ever post negative things on the boards even when i find them, cuz i am no guru, and i don't expect/want to become one. i am just an investor that is struggling to acheive the american dream like most of the people here. the SECRET to success in the markets is that there is no secret.. it's hard work just like everything else.. once you accept that, you will find yourself making money-- regularly.........not alot at once overnite, but regular percentage gains that eventually lead you to be able to lead a comfortable lifestyle.....
UCAD was formed in Jan--see my posts in free-for-all if you want the references...

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Originally posted by JBCak47:
" dislike these guys who are way out there with their theories, and try to convince me that Ned Beatty had fun on his vacation to banjoland with Uncle Toothless ringing his ears off and making him sqeal like a pig!"

Huh?

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Originally posted by glassman:
very fair response will...
i have nothing against putting 100$ or more if you can afford it-- into stocks like this...right now there seems to be about a million$ a day flowing into this stock

what upsets me about this one is that the markets are a place where the real goal is to RAISE WORKING CAPIAL to make business grow.
i rarely ever post negative things on the boards even when i find them, cuz i am no guru, and i don't expect/want to become one. i am just an investor that is struggling to acheive the american dream like most of the people here. the SECRET to success in the markets is that there is no secret.. it's hard work just like everything else.. once you accept that, you will find yourself making money-- regularly.........not alot at once overnite, but regular percentage gains that eventually lead you to be able to lead a comfortable lifestyle.....
UCAD was formed in Jan--see my posts in free-for-all if you want the references...

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Originally posted by will:
JB: You have never seen "Deliverance" ?

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LMAO. He was watching Star Wars and playing with his "Yoda" when Deliverance was on.