posted
okay nice folks, can some explain in simple terms, what the HECK is going on? new here and am a bit confused. thanks!
Posts: 52 | From: new york, ny | Registered: Apr 2004
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posted
One of the big items here is the words "pro rata". That's one for one shares. That means that OS has to be less than 40 billion. Went around the roller coaster once, climbing slowly up that big hill again. WOOOOOOOOOO Hold on!!!!!
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
Noah... the word "tri-maxial" is spelled correctly. The inventor or company named it. If you do a search you will find the company that has it. If you were to spell it YOUR way... goodluck finding the company.
Posts: 415 | From: CA | Registered: Jun 2004
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posted
doesnt pro-rata just mean your dividend is just in relation to how much cmkx you own? i dont think it means 1 for 1, no?
Posts: 52 | From: new york, ny | Registered: Apr 2004
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quote:Originally posted by noahltl: One of the big items here is the words "pro rata". That's one for one shares. That means that OS has to be less than 40 billion. Went around the roller coaster once, climbing slowly up that big hill again. WOOOOOOOOOO Hold on!!!!!
pro rata
\Pro` ra"ta\ [L.] In proportion; proportionately; according to the share, interest, or liability of each.
Sounds about right, Noah. Good work, my friend. This just keeps getting better!
EDIT --> Although, Goldie makes a good case, too. Either way, we win.
FarmBoy, you out there? I hope you're not missing all the fun.
[This message has been edited by Booty Quest (edited July 19, 2004).]
quote:Originally posted by GoldieStox: doesnt pro-rata just mean your dividend is just in relation to how much cmkx you own? i dont think it means 1 for 1, no?
posted
Wait a minute. I'll admit that I haven't read this whole thread but I did just read their latest p/r about the CIM shares. Aren't these the same shares that we were supposed to get back in September of last year? Many people still have them in their accounts, no name attached to them, and untradeable. Is it different this time around? Are we going to get shares in a viable, publicly traded company or just more shares of nothing like last time?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
It seems we are interpreting "pro rata" differently. It sounds to me that they're simply saying they'll distribute the shares proportionately based on how many shares each investor owns.
[This message has been edited by Grasshopper (edited July 19, 2004).]
quote:Originally posted by tradingpennys: Noah... the word "tri-maxial" is spelled correctly. The inventor or company named it. If you do a search you will find the company that has it. If you were to spell it YOUR way... goodluck finding the company.
posted
I don't know for sure what it means, but I think in this context, it is an amount in some type ratio, could be one for one or some other ratio ???
quote:Originally posted by Grasshopper: It seems we are interpreting "pro rata" differently. It sounds to me that they're simply saying they'll distribute the shares proportionately based on how many shares each investor owns.
[This message has been edited by Grasshopper (edited July 19, 2004).]
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by Grasshopper: It seems we are interpreting "pro rata" differently. It sounds to me that they're simply saying they'll distribute the shares proportionately based on how many shares each investor owns.
[This message has been edited by Grasshopper (edited July 19, 2004).]
Exactly Grasshopper. You can't distribute 40 billion proportionately to more than 40 billion. You'd have to be in decimals of shares if more.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
Okay, obviously things just got way more complicated and way over my head, so I'll just do what I do best which is sit back and take it all in quietly.
But someone here just promise me they will announce in all caps when I can officially "flip out".
: ) thanks!
Posts: 519 | From: Oakland, CA, USA | Registered: Mar 2004
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posted
Noah, Do a search with this term: "tri-maxial magnetic gradiometer". And you will find the company that did CMKM and UCAD.
Posts: 415 | From: CA | Registered: Jun 2004
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quote:Originally posted by Bialystock: Okay, obviously things just got way more complicated and way over my head, so I'll just do what I do best which is sit back and take it all in quietly.
But someone here just promise me they will announce in all caps when I can officially "flip out".
Bialy: when you finally see the "sell" order filled on your portfolio, and it matches the numbers of your dreams. : ) thanks!
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
I think this time we got some good pr's, since all we can talk about is terminology, tri-maxial and pro-rata - lol. Like Will said, where is Van when we need him. Van are you in your garden picking crops????
Posts: 1021 | From: Canada | Registered: Feb 2004
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OK Grasshopper, let's call this one a draw and put it to bed. The manufacturer says "Triaxial" and the flyboys call it "Trimaxial". Maybe it's that Canadian accent. LOL
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
noah: Nows the time we need those freaking windbags to disect this PR, and give us the real dope on the pro rata blah blah. Go find Dr Demon, Think Outside the Box boy, and Zenboy.
[This message has been edited by will (edited July 19, 2004).]
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Sorry for getting sidetracked with any unnecessary or unproductive comments. I'm just kind of thinking out loud while I try and absorb all the info being presented on this board. Not always easy for a rookie! Thanks to all for continuing to help us newbies along.
posted
The logic expressed in the referenced post is flawed or it is a blatant pump. This PR doesn't prove anything dealing with the O/S of CMKX. It is just as common to do a 1:10 or 1:100 or even 1:1000 as it is to do a 1:1 dividend or spinoff.
posted
Will, Noah will be gone for a while, and we need someone to do DD and read other boards - do you want to volunteer....lol I am sure everyone on this board will appreciate your contribution.... Posts: 1021 | From: Canada | Registered: Feb 2004
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posted
I just re-read the p/r and it looks like we will all be getting shares of another non-tradeable company. Same as last time. Another thing, doesn't this p/r look a little amateurish? I can't believe that Mr. Glenn was involved in this one.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
I have no idea where other bords are, I just live here. No thank you, I won't visit other boards or volunteer.
quote:Originally posted by TradingWizard: Will, Noah will be gone for a while, and we need someone to do DD and read other boards - do you want to volunteer....lol I am sure everyone on this board will appreciate your contribution....
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by will: I have no idea where other bords are, I just live here. No thank you, I won't visit other boards or volunteer.
I tried Will. Yeah I live here too and lurk once in a while to see if everything is in order.....
Upside, but looks like they are re-activating the zinc project - so they are not just CIM shares, they will be worth something, imo
"Ron Casavant CEO, and Dave Desormeau Secretary/Treasurer, of Casavant International Mining (CIM) said, "The company plans to utilize these funds to initiate a drill program to re-evaluate the known reserves of the George Lake Zinc Deposit and to establish a course of action for the project. The company also plans to become a publicly-reporting company." More details will be released in future news releases."
posted
the pr does say that cim intends to become a reporting company....i was not around when these older cim shares were distributed and maybe thats part of the over all plan...give shares that can't be bought till after the amount whatever the split will be is deposited into an account...as the one article says there is naked shorting but most companies that claim this problem really has done themselves in...now which is cmkx? it say a quick increase in volume is a key trigger to company screw up well cmkx volume is huge and has held that for a while...maybe it is one of the few that really are naked shorted...i'd be hard pressed to believe cmkx is a scam, there are too many differant companies involved in the mines and something is funny with the volume and no pps movement but 400 billion o/s would go a long way in explaining that. i still think it depends not so much on the o/s but on how much insiders own. if the insiders know that there are large amounts of diamonds from seeing something that isn't public this would include ppl working on-site, drillers ect. then ya know they are not selling no matter what.... i can hear the announcer from the rocky & bullwinkle show in the background...tune in next time for the answers too....
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
TW, As far as I can tell there is no Casavant International Mining (CIM) company trading on any board. Unless they register for trading on one of them, we get shares in something that for the most part is valueless, just like last time.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Ok this what was on the link a few posts back:
"THAT MEANS OUR O/S IS WAY UNDER 40 B OR ELSE WE WOULD GET A SHARE OR LESS EACH OF CIM. THIS PROVES O/S WAY UNDER 40 B. $$$$$$$$$$$$$$$$$$$$$$"
I have no idea how he figures that. Pro rata being: In proportion, according to a factor that can be calculated exactly. OK, I can give you one share of CIM for every 10 shares of CMKX you own, now how many O/S of CMKX can there be. I do not believe pro rata means one for one, it is ratio, prorated: To divide, distribute, or assess proportionately. PROPORTINATELY. What is the proportion?
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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