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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » CMKX IV New Thread....GOT IT - HOLDIN' IT (Page 7)

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Author Topic: CMKX IV New Thread....GOT IT - HOLDIN' IT
noahltl
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Everyone remember that UCAD has a reservation for another 10% of CMKX for 15 million. That's UC's way of saying to the MM's, "If you play with this very long, I'll issue another dividend. Try and catch that one!!!!!!!!!"
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WWJD-thru-me
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Noah-Your repost of the MM's leaving the price here for a few days looks to be the case. I expect every trick in the book. I expect bleeding heart bashers to come along with deep concern some might lose their investment. They shouldn't be investing in pink stocks at all if they are worried about it. A nice safe mutual run by (oh, I forgot the criminals run some of those too). Maybe a passbook savings account. Anyway, the access is so bad up here I don't even get all the pages of allstocks so I can't keep up with everything. That probably is a good thing since I have a low tolerance for baloney.
Hi to everyone of good will and peace. DD-IMO-GLTA-Debi PS-As long as it is still on sale I am buying. I got some at Etrade bright and early for .0004 and I don't know if freetrade filled. I left an order for .0006 and it wasn't filling earlier.

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Wallace#1
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Here's what all of you need:

World AP

Guinea miner finds 182 ct.diamond. Not flawless. Size is about 4"x1.2" high - about the size of a computer mouse.


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bill1352
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IMO these guesses of a 100 billion o/s and some even less are not close to right. i don't think the entire 500 billion a/s is out there but i lean to the o/s being around 400 billion as i've stated before. still i don't think this is the number that should concern us. if as many feel UC and insiders have been buying up shares and if they start reporting those shares fall into the restricted bin. then the number that matters is the float...what shares are out there to be traded everyday without an announcment as restricted shares are. this new thing with ucad will pressure the mm's but still the only thing that finishes them with cmkx is diamonds. UC doesn't even have to get to the mining point just drill a core sample that has a very good test result it doesn't even have to be great. the time for this is running out as summer up there ends in a few months, once winter hits and the ground freezes core sampling type drilling will be much harder. this new development is very good but not in the league of a pr with real diamond results.
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noahltl
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quote:
Originally posted by TradingWizard:
...I think once in the while we should slip in note of appreciation: noahltl you are doing great job thnx


Hey Wiz, Thanks


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richnessforeveryon1
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quote:
Originally posted by noahltl:
Here's a repost from a guy that's thinking the way I do:

Author Topic: FORGET THE DIVIDEND (Read 382 times)

alloymiken1
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FORGET THE DIVIDEND
Thread started on: Today at 08:58am


Noah...hum hum
Perhaps but this post let me think that in case the pps don't raise until the 08/20 they want that you hold your shares until this date (pump).......
MM's will certainly not short again now so my concern is 'Why this thing hasn't fly today ????'...Still a lot of sell orders today, otherwise the pps would be at 0.0007...This isn't normal for a stock with big future.....On another hand UCAD got a nice run up today like here all can be verified......nevertheless this run was all like now UCAD price reflect the deal (if something can be find in the area they bought the claims).....
For me this post was another pump tentative.
Caution is asked when someone post:
To da moon we go!


[This message has been edited by richnessforeveryon1 (edited July 19, 2004).]


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tradingpennys
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Question: How many days of the multi-billion trading of our stock daily would it take to reach say 400 billion sold?
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noahltl
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Everybody note what Debi said about not being able to get buy order filled at .0006. That was while the market makers were trading at .0005. That being the case, the MM's are saying were not selling to the buying public at a price of .0006. I don't know how long she had the order in, but a trade of that price should have gone through in seconds. Anyone else have any problems buying today?
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HarryHar
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Just to clarify the repost from Alloymiken1

"They have to buy them back (cover them) because on August 20th, the dividend will be sent out, either in a way of cash, or share exchange of UCAD. "

==============

The dividends will not appear in our accounts on Aug 20. They will probably appear later. If you are holder shares AS OF Aug 20, then you will receive dividends.

==============

Does anyone know or have some theory as to what will happen with our CMI dividend shares? Those have been sittin there for a while...


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noahltl
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Well richy, call my post pump if you like, but at least I'm trying to add something intelligent to the discussion here.
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tradingpennys
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I repeat ....

quote:
Originally posted by tradingpennys:

Question: How many days of the multi-billion trading of our stock daily would it take to reach say 400 billion sold?



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STAR GAZER
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Money-Penny ignore that moron richessforeveron1. How could he even come up with that name. First of all I read that idiotic write up by Michael Flaherty when it first came up and saw that it had no substance to it. Basically it was a lot of BS. Secondly he says that unlike you (and the rest of us on this board) he is trying to protect the newbies that don't know anything about the stock market. He says trust in a guy who knows what he says (that means him) Never invest in the pinks, invest in stocks on the NYSE etc. Get off it. I invested in those stocks for years. I was lucky to make 20% a year. I came to this board and read about LBTT at $0.002/share. A real company with real products, just waitng to get their product approved in Europe, and from what I read everything was in order. I bought in at .0022 and in three months it was at .035 a gain of over 1,500% And hey look at CMKX, I got in at .0001, it's already gone up to .001/.0012 once, a +1,000% gain, you could have taken profits on 1/3 your shares and then no matter what happens you would have a very nice profit overall, or if you didn't sell, true it went down but now it's back to .0005 which is still a 500% gain. Sure, you can loose money in pink sheet stocks, so don't put all your money in one or two stocks, but hey look at all the people that lost their life savings in Enron which at the time was the 7th largest energy stock in America. Hey richessforeveron1, if you are going to post write ups from other sites, at least post something that has real facts behind it, something that would actually be useful to us and the newbies that you say you want to protect and help.
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JBCak47
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Tell that feeble fool, Star Gazer!!!!!

lol protecting newbies... If he really is from Europe, Eurotrashforeveryone...

Crazy Dutch bas/tard! (From 'Austin Powers:Goldmember')

-John


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HarryHar
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WARNING:

Green Baron may be setting itself up to be a MM tool for later this month.


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richnessforeveryon1
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quote:
Originally posted by STAR GAZER:
Money-Penny ignore that moron richessforeveron1. How could he even come up with that name. First of all I read that idiotic write up by Michael Flaherty when it first came up and saw that it had no substance to it. Basically it was a lot of BS. Secondly he says that unlike you (and the rest of us on this board) he is trying to protect the newbies that don't know anything about the stock market. He says trust in a guy who knows what he says (that means him) Never invest in the pinks, invest in stocks on the NYSE etc. Get off it. I invested in those stocks for years. I was lucky to make 20% a year. I came to this board and read about LBTT at $0.002/share. A real company with real products, just waitng to get their product approved in Europe, and from what I read everything was in order. I bought in at .0022 and in three months it was at .035 a gain of over 1,500% And hey look at CMKX, I got in at .0001, it's already gone up to .001/.0012 once, a +1,000% gain, you could have taken profits on 1/3 your shares and then no matter what happens you would have a very nice profit overall, or if you didn't sell, true it went down but now it's back to .0005 which is still a 500% gain. Sure, you can loose money in pink sheet stocks, so don't put all your money in one or two stocks, but hey look at all the people that lost their life savings in Enron which at the time was the 7th largest energy stock in America. Hey richessforeveron1, if you are going to post write ups from other sites, at least post something that has real facts behind it, something that would actually be useful to us and the newbies that you say you want to protect and help.

Starmachinchose...
I can live with 20%......
I too won a lot with penny stocks and lose a lot....
More you trade more you lose at the end.....
Serious people which trade SINCE YEARS will be ok with me here.
Your broker will be rich if you trade all days.....
For me I maked my DD on day trading and retired with a nice profit....(no more day trading and only one pennystock purchase pro year)
To date I hold only 1 stock and a lot in funds.
20%/year with little risk....wouahhh
Let work your brain

[This message has been edited by richnessforeveryon1 (edited July 19, 2004).]


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noahltl
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quote:
Originally posted by tradingpennys:
I repeat ....


Trading Pennys, they have roughly 20 trading days to recover the naked shares. If your guess is 400 billion, they have to trade 20 billion per day.


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noahltl
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Here's another way of saying what I was trying to say:

todpaulson
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Explanation Why MM's need to cover Naked Shares
Thread started on: Today at 09:55am

--------------------------------------------------------------------------------
There are many questions floating around from people asking why the MM's have to cover the naked short shares. Concerns that the MM's do not need to cover because they might not ever be exposed. Will these naked shareholders receive the dividend? etc. etc.

I will try to break it down to the simplest form of understanding/explanation.

CMKX has announced that they will be issuing 7.5 millions shares of UCAD to CMKX "official" shareholders as of August 20th. On August 20th CMKX will know how many "official" shareholders exist. They will determine the payout ratio per share and at some future date these UCAD shares will be issued to the "official" shareholders. These "official" shareholders will see the UCAD shares appear in their brokerage trading accounts. All is good and they are happy.

But oh wait....what about all the "naked" shareholders. Well...the day the dividend (UCAD shares) are issued to the "official" shareholders it would be very obvious to the naked shareholders and brokerage companies that a problem exists. Why...well the naked shareholders would NOT have UCAD shares appear in their account because they have not been given UCAD shares from the CMKX company since they were not official shareholders.

Opps! Now the Market Makers have a problem....they have been exposed for shorting this stock and these naked shareholders are going to demand this dividend of UCAD shares from their brokerage companies. In return these brokerage companies who have naked shareholders are going to have to settle up with these Market Makers or there will be large legal problems all around.

The Market Makers can try and reduce their naked CMKX position by purchasing CMKX shares prior to August 20th and virtually "retire" these shares from circulation...thus reducing their exposure. This is called a short squeeze when they are now forced to cover. (I realize this is not the official definition of "short squeeze" but let's just us it for discussion purposes. LOL) In theory this should drive up the price of CMKX shares because the MM's are more or less required to buy the naked shares back from us...the shareholders. If we don't sell at a low price it should move up until people start selling.

The other option for Market Makers is to buy UCAD shares on the open market and then issue these UCAD shares to naked CMKX shareholders at a similar payout ratio of the official dividend. Therefore the MM's would be able to hide their naked CMKX shares because these naked CMKX shareholders would not realize they are "naked" since they would still receive UCAD shares in the brokerage account...only the shares came from the MM's themselves and not CMKX dividend. In theory again this could drive up the price of UCAD shares since MM's are going to have to buy up UCAD shares on the open market. The number of UCAD shares available is not that large and therefore the price could go up as demand increases.

This is my understanding in-a-nutshell. Wheww....can you follow all that?! LOL. If anyone reading this finds a glaring error or omission in my understanding please mention it so others will be properly informed.

Thanks.
todpaulson


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richnessforeveryon1
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quote:
Originally posted by JBCak47:

Tell that feeble fool, Star Gazer!!!!!

lol protecting newbies... If he really is from Europe, Eurotrashforeveryone...

Crazy Dutch bas/tard! (From 'Austin Powers:Goldmember')

-John



Thank you for your compliment....


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JBCak47
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Richness can you just go away...

No one is cares about your 20%. You do not hold shares and your viewpoints are just plain stupid. I am getting sick of seeing your sorry attempt at the English language... You really bother me because you are on some self imposed crusade to save investors, meanwhile if investors listened to you at .0002, now the price is .0005 a 150% increase... Hmmmm. Now see I am sure one or two people listened to you and did not buy, and now they are out a 150%... Needless to say it was as high as .0012 So 'RICHNESS' (You missed this boat) you could have put up 1000 dollars at .0001 and sold at .0012 with $12,000 hmmmmmmmmmmmmmmm.... Yes I will listen to you... (Fat Eff'in Chance)

-John-


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bill1352
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tradingpennys
Member posted July 19, 2004 17:07
--------------------------------------------------------------------------------
I repeat ....

quote:
--------------------------------------------------------------------------------
Originally posted by tradingpennys:
Question: How many days of the multi-billion trading of our stock daily would it take to reach say 400 billion sold?

thats been my ? for a while now. if as some in here have stated and most days are 75% buys i'd have to think 400 billion is gone or close to it and how much does insiders own?....this tread sounds like the Rocky & Bullwinkle show...Will Uc & Uncle Mel get the nasty mm's? ... Will large amounts of diamonds be found? ...Will UC's car win a race?...the answers on our next show.


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richnessforeveryon1
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quote:
Originally posted by JBCak47:
Richness can you just go away...

No one is cares about your 20%. You do not hold shares and your viewpoints are just plain stupid. I am getting sick of seeing your sorry attempt at the English language... You really bother me because you are on some self imposed crusade to save investors, meanwhile if investors listened to you at .0002, now the price is .0005 a 150% increase... Hmmmm. Now see I am sure one or two people listened to you and did not buy, and now they are out a 150%... Needless to say it was as high as .0012 So 'RICHNESS' (You missed this boat) you could have put up 1000 dollars at .0001 and sold at .0012 with $12,000 hmmmmmmmmmmmmmmm.... Yes I will listen to you... (Fat Eff'in Chance)

-John-


Stupid guy.....
If you read my last post a few weeks ago you will see THAT I WAS IN THE TRAIN....AND LEAVED AT THE STATION BEFORE THE TRAIN GOES BACK FROM WHERE HE COME...

[This message has been edited by richnessforeveryon1 (edited July 19, 2004).]


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YOuNgFettaChini
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quote:
Originally posted by richnessforeveryon1:
Starmachinchose...
I can live with 20%......
I too won a lot with penny stocks and lose a lot....
More you trade more you lose at the end.....
Serious people which trade SINCE YEARS will be ok with me here.
Your broker will be rich if you trade all days.....
For me I maked my DD on day trading and retired with a nice profit....(no more day trading and only one pennystock purchase pro year)
To date I hold only 1 stock and a lot in funds.
20%/year with little risk....wouahhh
Let work your brain

[This message has been edited by richnessforeveryon1 (edited July 19, 2004).]


Adverbs, pronouns, adjectives, predicates....all in the wrong place, all out of context....they need to stop handin' G.E.D.'s out like bubble gum......

------------------
Your mind is your greatest asset...SO use it!!!


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bill1352
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richness....please do not start a statement like this with stupid guy

Stupid guy.....
If you read my last post a few weeks ago you will see THAT I WAS IN THE TRAIN....AT LEAVED AT THE STATION BEFORE THE TRAIN GOES BACK FROM WHERE HE COME...

an english teacher would have a heart attack...if you went to a catholic school the nuns would have your knuckles bleeding


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TradingWizard
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I been reading this thread all day....but the richness you are really starting to disturb me and everyone else. Please come back on the 20th of Aug, as you initially stated. How can we trust with your information knowing that you cannot do one thing right that is leave this board and be back on Aug 20. Thanks.

------------------
'Alone we can do so little; together we can do so much.' - Helen Keller


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tradingpennys
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quote:
Originally posted by bill1352:
tradingpennys
Member posted July 19, 2004 17:07

EXACTLY BILL! I should rephrase that question a little bit though. I should ask approx. how many shares have been sold in the past few months at the amount that are traded a day?
I stand by the belief that there isn't NAKED shorting. The stock maybe shorted... yeah to make some quick cash. Although the public isn't allowed from what I can gather on pinks.
All this hype about naked shorting is a bit much.


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HarryHar
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TradingPennys

How do you account for the lack of price movement with such high volume then? I am curious...


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Upside
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originally posted by HarryHar:
quote:
TradingPennys
How do you account for the lack of price movement with such high volume then? I am curious...

One possible explanation is that if the float really is 400 billion, there's no volume at all relatively speaking. If they trade 4 billion in a day, that's 1%, 8 billion, 2% and so on. That's not enough to move it.


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Money_Penny
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Yes Upside, but my question is if the buys greatly outnumber the sales, like they have been, then who is selling unless the shares are being created out of thin air?
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HarryHar
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Upside I see what you're saying. But think of how many times this 400 Billion shares has changed hands in the last couple months. If no one's selling, where are thy coming from? Plus...I think Urban is keeping half of the o/s in his piggy bank...of course its pure speculation.
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Grasshopper
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I'm still trying to read up on this whole naked shorting phenomenon and develop some understanding of the potential consequences and MM's accountability. I came acrosss this article that made a statement that I'd like to get your much more knowledgable opinions on.

It basically states that naked shorting exists solely within the DTC and any company that employs the services of a TA is impervious to being naked shorted due to their checks and balances. The concensus in here for quite a while has been that we are severely naked shorted. Are we then saying that 1st Global has been grossly negligent in their responsibilities? Wouldn't they be held liable if they allowed this to happen? I kind of remember this being discussed before, so sorry if its an old subject. I've gotta learn somehow!

http://www.ioreport.com/archive/listserv/20030518-1.html


The OTC Rebellion

The DTC, or Depository Trust Company, is responsible for the electronic transfer of billions of shares of stock in the US markets. The DTC electronically handles the delivery of stock from buyer to seller in the open market once a trade takes place. DTC handles billions of transactions annually and has a monopoly in the US markets despite being a private company.

There are about 80 microcap companies attempting to withdraw their shares from being handled by the Depository Trust Company. If successful, they go back to the old fashioned practice of having every transaction handled by the company's Transfer Agent. They believe short sellers are able to illegally create millions of shares of stock which don't exist, and are flooding the markets with these counterfeit shares. The practice only works because of flaws and loopholes in the DTC system.

In a legitimate short sale of stock, shares are borrowed by the seller against a future pledge to buy the stock back. If the shares drop in value, the short seller makes money when he closes his position with a buy transaction.

Naked short sellers flood the markets with millions of shares that simply don't exist and which have not been legitimately borrowed. Microcap companies are targeted because they don't have institutional shareholders with deep pocketswho have the conviction to take on the short sellers. Short sellers are able to bully this end of the marketplace. Furthermore, microcap companies have a much higher failure rate, giving the short sellers much greater odds of long term success.

Naked short sellers are able to sell shares which simply don't exist because the normal three day settlement rules are mostly ignored by the DTC System. As the buyer you purchase shares in the open market and pay for the purchase within the normal three day time frame. The shares show up in your account as a line item entry. However, most investors don't know that your shares might never be electronically delivered to your account in any reasonable time frame. These "open fail to delivers" can stay on the books of brokerage firms for months because the DTC system does not force them to be delivered.

This allows naked short sellers to flood the market with millions of shares which don't exist and where no shares have been pledged or loaned against the short trade.

There are two primary mechanisms short sellers use to execute these trades.

Market Makers- Market makers are allowed to go naked short stocks in which they make a market. This regulation is designed to encourage a "stable" market. Large pools of funds are pledged to market makers in the guise of trading capital which are really used to create huge excess supplies in microcap stocks, which acts to destabilizes the market.
Trading through Canada: You can execute trades with a Canadian brokerage firm simply by opening an account. The NASD regulates the actions of brokerage firms, but has no regulatory authority of Canadian brokerage firms, where huge short positions are often parked and moved or "kited" around to disguise their existence.
When a company successfully withdraws its shares from trading in the DTC system, naked short selling abuses are prevented. Once removed from DTC, every transaction is handled by the old fashioned way by the Transfer Agent. Every buyer is matched up with a seller who actually has real shares for sale. The transfer agent matches the two and short sellers cannot artificially create immense supplies of stock.


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RaiderJR
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UCAD closed up 1.10. If the dividend were today it would be 35 Mil instead of 25 Mill.

Go UCAD.


Someone said they would try to buy UCAD first to directly cover the short. Might be true. But if you throw out the last trade by Jeff we were up 20% today, almost the same as UCAD.


My buy with AT didn't go through today at .0004, probably because of the reason above.


Posts: 279 | From: Neodesha Ks USA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
RaiderJR
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Doesn't this dividend guarantee our marketcap is above amex minimums, and we must now fully report.
Posts: 279 | From: Neodesha Ks USA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
Prdponce
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From another post. Sound interesting

By: averageinvestoraz
19 Jul 2004, 07:13 PM EDT
Msg. 46075 of 46080
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OT: I have never pumped or bashed a stock to date...

BUT, I am going to break that record now.

Two weeks ago after missing a few I finally got around to attending the bi-weekly poker game with some old associates. I had missed the previous two frankly because I was having too much fun with our soap opera called CMKX that I have been neglecting other entertainment venues.

Or course I had to explain why I had been neglecting them so I told them why. I gave a frank accounting of the good, the bad and the rumors surrounding CMKX, which they agreed was very entertaining.

When I was telling them about the rumor side of CMKX, I of course mentioned the naked short rumor along with the high volume and suspected trade manipulations. I mentioned that the IHUB board had been keeping track of time and sales data for the last couple of months or so and it looked odd enough to make one wonder about the validity of the rumors.

Well tonight was suppose to be another poker night. I say suppose to be because from what I gather these "friends" of mine have spent the last 2 weeks researching, reading the boards, making phone calls and more....
I only learned this when I called to beg off poker that for the foreseeable future poker was on hold due to their interest in CMKX.

These "friends" of mine actually collected all the time and sales data from the IHUB postings along with data from other sources and spent a large part of their free time running the numbers through their companies mainframe (I cringed when I heard that). And I thought I was being obsessive.

Bottom line they now tell me that according to their findings they believe that the trading data supports the idea of Manipulation, they believe that approximately 80% of all trades were NOT retail trades but inter-MM trades designed to inflate the volume numbers and undermine the stock price. Hence their conclusion that a HUGH short position is evident in CMKX, between 300 and 800 billion would fit their model with 600 billion being the most likely as of this month.

Oh and of course they tell me that they have been buying in themselves since their first preliminary figures (nice friends ).

Now these guys are not stock market guru's. But they ARE computer and numbers guru's (read NERDS ) so I believe they made an accurate model with the information they had at hand.

So I guess this is my first official pump of any stock, FWIW.

Now I still believe the risk/reward over the long term for CMKX is still a good enough reason for buying the stock. But for me at least in the short term the best reason will be that the Company (and attorney) have a plan than can get the shorts and make them pay.


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Prdponce
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NEWS

U.S. Canadian Minerals Purchases Additional Interests In Saskatchewan
via COMTEX

July 19, 2004

LAS VEGAS, Jul 19, 2004 (BUSINESS WIRE) --

U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced today that it has purchased an additional 20% interest in claims in Saskatchewan in the Fort a la Corne area. The company had previously acquired a 20% interest from Nevada Minerals Inc. under its Joint Venture Agreement bringing its total ownership interest to 40%. The company will exchange 100,000 shares of the company's Preferred Class A stock, which have conversion and voting rights to common shares.

Rendal Williams, CEO of U.S. Canadian, stated, "We are excited to have acquired additional interests in these claims, which we believe will increase shareholder value and may have possibilities for positive economic results. Based on information from the fly-overs conducted by Goldak's Navaho aircraft equipped with a tri-maxial magnetic gradiometer, completed in April, May and June, exploration targets will be set for the next level of operations."

- - - - -


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Wallace#1
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Grasshopper,

I think you might have something reversed. What that article is saying is that the DTC is allowing the naked short selling...not the TAs. It is saying that if the TAs were the only ones that handled buys/sells and related transfers, naked short selling would not exist.


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