quote:

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Originally posted by noahltl:
Star Diamond Project 8.1 Carat Diamond Recover
« Reply #2 on: Today at 1:55pm »

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quote:

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Originally posted by dwman:
Safeguard, you're right. I just left that site. Maybe it takes a little time. I can't remember...was Shore Gold one of the companies working with us?

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Tray

Why PPS won't move until 9/24!!!
« Thread started on: Today at 2:14pm »

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There seems to be some confusion concerning the dividends and when the MM will be forced to cover. Hopefully this will clear it up.

The following came from the SEC site. http://www.sec.gov/answers/dividen.htm Please notice the EX-Dividend date is the day after the share distribution (24 Sept.) This means that if you sell your shares before you receive the dividend, you won't get a thing.

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Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).

If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
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This means, the MM don't have to worry about covering until 9/24! Don't sell before you get your dividend!

[This message has been edited by Wallace#1 (edited August 12, 2004).]

As to indubitable qualifications, I am at a loss with such big words. Had you said undoubtedly I might have understood...but still I would question the qualifications part. LOL

Based upon what I have seen in the past with mergers and acquisitions and how related options are treated, they have been treated in a variety of ways. It is usually spelled out in the terms of the merger/acquisition agreement. Under those terms, the rights may flow across identically, in some proportion, they may even be cancelled or they may be cancelled and new options granted as part of the terms. I know this does not answer your question, but it is the best I can do without specific terms being announced in writing. Assume you are thinking about merger/acquisition between/by Mr.K and CMKX. I have not researched anything about Mr.K, but if he/they are as big as others have been saying I doubt if it would be very likely. The ones I would go for are Shore Gold and/or Kensington if I wanted to merge with or acquire a company.

Thanks to M.A. for the link to Rick Kusmirski's most recent appointment. I think this is further proof of just how respected and important Kusmirski is to uranium exploration/development. http://biz.yahoo.com/bw/040804/45674_1.html

And go here to review the bios of the others on the Technical board to see the great stature in which he has been placed. http://www.clanres.com/s/Management.asp

Rick Kusmirski Appointed to Clan's Technical Advisory Board
Wednesday August 4, 2:06 pm ET

VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 4, 2004--Clan Resources Ltd. ("Clan") (TSX VENTURE:CLU - News) is pleased to announce that Rick Kusmirski, B.Sc., P.Geo. of Saskatoon, Saskatchewan has been appointed to Clan's Technical Advisory Board.
Mr. Kusmirski has over 25 years of exploration experience in North America and overseas and has actively participated in the discovery of a number of uranium, gold and base metals deposits. He is currently President of JNR Resources Inc. where during the past five years; he successfully directed JNR's uranium exploration in the highly prospective Athabasca Basin of Northern Saskatchewan. Prior to joining JNR, Mr. Kusmirski spent several years as a senior geologist and manager in Cameco Corporation's uranium exploration department.

Mr. Kusmirski joins Curt Sealy, P.Eng, Harry L. Anthony, P.Eng., Tom Skimming, P.Eng. and Dr. Philip Goodell on Clan's Technical Advisory Board, who collectively have extensive experience in exploration, permitting and production of uranium projects.

Clan also reports the granting of 50,000 stock options exercisable at a price of $0.65 for a two-year period to Mr. Kusmirski.

Clan Resources Ltd. is a Canadian listed company involved in the mineral resource sector. Clan has adopted a strategy which will see the company focus largely on the acquisition, exploration and development of uranium assets as part of its long term strategy to take advantage of the growth in the U.S. and world-wide electrical energy demand. This increasing demand is occurring at a time when mine supplies are dwindling and inventories are being depleted. Spot uranium prices have risen from a cyclical low of $7.10 (U.S.) per pound in late 2000 to a recent 20-year high of $18.50 (U.S.) per pound.

And another from here earlier:

Rick Kusmirski, President of JNR Resources Inc., (the "Company") is pleased to announce that the Company has entered into an agreement with United Carina Resources Corp. and Consolidated Pine Channel Gold Corp. to option just over 12,500 hectares (31,000 acres) of diamond exploration properties in the highly prospective Fort à la Corne area, near Prince Albert, Saskatchewan.

The properties occur northwest of and along / adjacent to the same structural lineaments that are associated with the main Fort à la Corne kimberlite cluster. They also occur up ice of the Sturgeon Lake kimberlites, which have been interpreted as large ice-rafted blocks, and whose source has never been found. The Company plans to carry out ground work this summer over a number of unexplained geophysical anomalies that occur on the optioned properties. These anomalies were identified by airborne surveys and have, for the most part, never been followed up.

Under the terms of the agreement, JNR Resources can earn a 60 per cent beneficial interest in the properties by the issuance of 100,000 shares, expenditures on exploration and development on the properties of $200,000 and cash payments totaling $40,000, over a two year period. The Company can, at its option, earn a further 10 per cent interest (70 per cent total) in the properties by expending a further $300,000 on the properties by the end of the third anniversary date. This agreement is subject to completion of final documentation.

In related events:

Drilling on the JNR / Kennecott Canada Exploration Inc. (the "Companies") kimberlite project has been completed. Two targets were tested. Neither drill hole intersected kimberlite and in both cases the geophysical features targeted upon were not explained. The Companies are reviewing their options as to how to next proceed in this area.

The line cutting and ground geophysical program on the Companies? Moore Lake uranium project has been completed. The preliminary interpretation is encouraging and indicates the presence of a major east-northeast trending structural corridor in the general "Maverick Zone" area. The final interpretation and details of the planned follow up diamond drilling program, will be available within the next week to ten days.

ON BEHALF OF THE BOARD
"R. T. Kusmirski"
Rick Kusmirski, President & Director
For further information, please call: (306) 249-3562

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release.

---------------------------------------------

Another interesting tidbit is that Roger Glenn has previously put together a Candian deal worth $400M Canadian. That is double our present value. He can handle this IMO.-D
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From a Zen post here:

quote:

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Originally posted by Wallace#1:
Please, noahltl, stop posting stuff like the above. I don't know who that guy Tray is, but what he is saying will only serve to confuse holders of stock all the more. In short, x-date or x-dividend (which mean the same thing) means the date upon which a stock will be trading without the dividend being carried along with it. The key is who holds the stock as a matter of record prior to the date/time a stock is determined to be ex-dividend (we always shortened "ex" to "x" - it's an old habit). That is why it is called a "Record Date" and always has to be specified in any kind of distribution (cash, stock, split, as well as mergers and acquisitions of another publicly held company).

[This message has been edited by Wallace#1 (edited August 12, 2004).]

[This message has been edited by Wallace#1 (edited August 12, 2004).]

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Exactly what do you object to, since most of the post was cut and pasted from the SEC site?

Melvin: "Naked shorted to the bajeezus"
« Thread started on: Today at 4:18pm »

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that was said by Melvin on paltalk. referring to the "barriers" that have to be overcomed by the company.

"Lundin Group, that would be a share structure question and I'm not gonna answer that."

Only someone very (and I mean VERY) knowledgeable would understand it without having to read it much more than once. The more you read it in conjunction with the statement above it, the more confusing it becomes.

The fact that someone at the SEC made that statement does not make it any less confusing.
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What that guy Tray posted was just a very, very small portion of what was discussed on that particular site you quoted or he quoted.
When, viewed along with the normal understanding of x-dates, it becomes more confusing.

quote:

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Originally posted by noahltl:
I noticed one thing Melvin said on Paltalk that left me wondering. When asked about Lundin Group, he stated that he didn't know anything about them, but finished by saying:

"Lundin Group, that would be a share structure question and I'm not gonna answer that."

My question is, if he doesn't know of any connection with Lundin Group, how would he link them to a
'share structure' question?

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My guess is that he has no clue what Lundin Group is. Probably never heard of them before. If in fact there is any connection to the Lundin Group my guess would be that UC and Roger have kept that from Melvin so that it doesn't get accidently leaked.

[This message has been edited by HarryHar (edited August 12, 2004).]

quote:

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Originally posted by noahltl:
I agree Brad, I don't think he's in on the "good stuff". He probably read all the info on the boards. I wonder why he was called to the meeting though.

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member is offline

You might have to experience the bad times to know how good the good times really are!

Posts: 42

Melvin on paltalk
« Thread started on: Today at 5:10pm »
I got this off of sterlings classroom on the rb board
don't know how accurate it is though:

CMKX ~ Melvin On PalTalk
Some of the questions:
Q: Was there anyone at the meeting who surprised you?
A: Yes. There were people (plural) there who surprised me.
Melvin was asked to elaborate on this and he said that we would all be very happy with smiles on our faces by this time next week.

Q: What about uranium?
A: Melvin says he knows nothing about uranium and doesn’t know where all this talk is coming from.

He was asked why we are only punching two-inch holes for samples. His reply was that 2.5 in. pipe is the most cost-effective method for taking samples according to the geologist.

Melvin referred to the naked short position as a “barrier” needing to be overcome. The NSS issue is real and a priority for UC, R. Glenn and the company.

We are on track in the process of becoming a reporting company.

The meeting will run all weekend with the conclusion being the participants going to the current drill site on Mon. Melvin won’t be attending the rest of the time unless asked by UC. He will be with the group visiting the drill site on Mon.

Q: Was Sterling at the meeting?
A: No Comment. I will not comment on who was at the meeting.

Q: How can we get the Visa card?
A: Go to CMKXtreme.com and order it.

Q: Are we selling claims?
A: There has been no discussion of selling claims.

He’s taking a few more minutes to answer technical drilling and mining questions.

- - - - -
View Replies »

I don't see too many people selling their CMKX if the spike doesn't happen before news comes out. If they come back here and there is no news and no price change and the dividend date comes and goes and still no news. Oh yeah, people will sell. I don't think I would sell but I would be hard pressed to buy.

Some might say I'm a 'super-pumper' but I just like this stock. A couple of weeks ago, I posted my thoughts on the NSS.
I'm not going to get real complex here, but UC had 500 billion authorized shares to sell. The price over the last year or so has had ups and downs, but lets just say that Urban sold AS into the market in the amount of 249 billion (to retain 51% control) at a low average of .0005 (I think it was selling at a nickel at one time). That is an income to the company of 124,500,000. As the MM's see a company with that kind of shares on the market, they begin shorting it figuring the company is a scam and going uder. They short and naked short the stock all the way down to .0001 where we saw it sit for months and months with billions and billions being sold. (Which is where I first got in) Now Urban sees the naked shorting in the high volume being traded daily. So he begins buying daily. Now it costs him 249 billion X .0001 to buy all of his shares back. $24,900,000. That's 100 million profit and he has all of the AS back, but sees billions and billions of shares being traded every day, and knows positively that the stock is being naked shorted. He has in the meantime found diamonds and perhaps other minderals on his extensive holdings. He goes to Roger and says, here it is, I can prove massive naked shorting and on top of that, I've got diamonds and 1.4 million acres more. At which point, Roger and Urban create a plan to make the MM's pay. The plan is to issue dividend after dividend until they cave. And why not. If Urban can show he owns all the authorized shares, all of the dividends stay with him. All of us with naked shorts will be paid by the MM's.

Forget mine, blame this guy. LOL

bluediamonds

CASH DIVIDEND & GOOD THINGS TO COME!!!
« Thread started on: Today at 7:54pm »

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CASH DIVIDEND & GOOD THINGS TO COME!!! ^^^^^^^^^^

~How might this whole process of a cash dividend work?~

I created some formulas which might help to explain how this cash dividend might work. As far as e know CMKX doesn't currently have any major cash flow, so in order for us to receive a cash dividend the money could possibly come from the profits Urban receives from selling NSS shares back to the MMs. The following assumes Cash Dividends would be distributed to the float only.

First some examples...

Cash Dividend
_____________________________________________________
If Urban Bought: 100,000,000,000 shares @ .0001 for $10,000,000
If Urban Sold : 100,000,000,000 shares @ .0003 at $30,000,000
Profit : $20,000,000

If the Float was 40,000,000,000 shares then...
The Cash Dividend would be $20,000,000 / 40,000,000,000 = .0005 per share

Another Example...

If Urban Bought: 200,000,000,000 shares @ .0001 for $20,000,000

If Urban Sold : 200,000,000,000 shares @ .0004 at $80,000,000

Profit : $60,000,000

If the Float was 30,000,000,000 shares then...
The Cash Dividend would be $60,000,000 / 30,000,000,000 = .002 per share
_____________________________________________________

Here is a formula using variables to figure out any combination of scenarios...

Let the shares Urban bought = b
Let the price Urban paid = p
Let the price Urban sold = s
Let the Float = f

So, it would look something like this...

If Urban bought: b shares @ p for b*p
If Urban sold : b shares @ s at b*s
Profit : (b*s) - (b*p)

If the Float was f shares then...
The Cash Dividend would be [(b*s) - (b*p)] / f

...just plug in the numbers from the examples to get a feel for how it works. You'll be amazed at what the possibilities are when you adjust the number. Check out this example...

If Urban Bought: 400,000,000,000 shares @ .0001 for $40,000,000

If Urban Sold : 400,000,000,000 shares @ .0004 at $160,000,000

Profit : $120,000,000

If the Float was 5,000,000,000 shares then...
The Cash Dividend would be $120,000,000 / 5,000,000,000 = .024 per share
___________________________

~How could these dividends be used to our advantage?~

If everybody took these dividends and reinvested them into CMKX the power this maneuver has could be amazing. Consider the situation where a naked short squeeze takes place, and now consider the situation where we receive a cash dividend prior to the time when a naked short squeeze were to take place. What would happen is the buying pressure would be huge on the MMs at the same time that they were trying to buy back shares. This means the demand for shares would be huge, while the supply of shares is supposed to be diminishing. The sky would be the limits with regard to this unique situation.

~What are some reasons for us to be hopeful and excited about the future of CMKX?~

(1) An aerial survey which has revealed at least 100 kimberlite anomalies
(2) UCAD, GEMM, CIM dividends + potentially more
(3) Roger Glenn
(4) Massive marketing campaign
(5) Joint-venture partners who know more than we do
(6) Potential for hundreds of billions in diamonds and other minerals
(7) A fully exposed CEO, Urban Casavant, who is in favor of the shareholders
(8) A naked short situation which is determined to be resolved (possible naked short squeeze)
(9) A fully-reporting status is being worked on
(10) A very supportive shareholder base
(11) Movement onto a major exchange
(12) Vegas Party

...thanks for reading, everybody. If you have any comments, corrections, or constructive criticisms please feel free to share. After all this post is a compilation of what we as a team have come up with. It represents our dreams of a greater future. I hope to see and meet you all in Vegas very soon...

~Got CMKX!~

)

-Pat-

MY THOUGHTS 8/12

Obviously the main focus of current events is just what is happening in meetings with Roger Glenn this week. And the good news is ... NOBODY KNOWS!! I believe we'll know soon enough despite what I fully understand is a frustrating, grueling wait for everyone. Nobody is probably more frustrated by it than Urban and Roger themselves, but the plan is the plan and it must go foward piece by piece. Given the complexity of it all, I'm sure it is an ever-evolving plan too that must adapt to variables as each piece is laid down. One piece of encouraging "news" is that Roger was in Saskatchewan yesterday and will be leaving on Tuesday. That's a full week. You have no idea how valuable that information is. A partner at his level is billed out at $500/hour and probably is billing Urban at 10 hours a day MINIMUM (depends on just how much is being accomplished and how late the evenings run -- partners that I've worked with out with clients in another city looking to accomplish quite a bit have routinely put in 15 hour days). The fact that he is taking a full week out of his schedule to be with CMKX full-time is about the largest commitment someone at his level can make. Believe me, the top securities guy in the NY office of EA is not traveling to put together visa cards! This trip IMO is a MINIMUM $40,000 to Urban for Roger's time. More importantly, it's a week's commitment by Roger and EA. To anyone that has friends in law that work at large firms (200+ attorneys), ask and confirm this that when a partner at that level commits like this to a client, this is a signficant piece of representation for that partner. I know. I've worked with Partners at Roger's level (for the record, they were not securities partners). Something big is brewing IMO. A weeklong trip by Roger is a STATEMENT. Mark my words.

Today's Shore Gold news was significant. 22 batches out of the estimated 80-100 that will be evaluated are now in, yielding a total of 911 carats. Currently that puts Shore Gold on pace for between 3400-4100 carats (3000 is the target for economic viability), and better yet, these more advanced batches are turning up even more impressive results. The last two batches yielded some serious macros. For all the naysayers that were claiming the FALC region isn't really all it's cracked up to be, boy are they getting proven wrong. By the way, do a search back on the noted bashers on our board and their initial commentary on Shore Gold. If I'm remembering correctly, almost all of them prior to the drilling results (and even after the first 2 batches) were pooh-poohing Shore Gold as unproven and not likely to show any real promise. Oh how things have changed. And if they're 100% wrong on THAT assessment, how many other things might their negative bias have clouded their vision on?

As to Melvin's running commentary, Melvie is a great guy, but he's got a lot going on right now between his family and the stress and toll that takes. Right now, I would not be surprised if most (if not all) signficant information is being specifically cordoned off from him. Thus, I don't really put a lot of stock into what Melvin says regarding events. I believe he may have more access to us on some mining information but generally speaking on everything else, I think he is EXACTLY where we are in terms of knowledge. I think he's as surprised by every press release as we are. So what I'm saying is if Melvins says "I'm not aware of any Uranium deals", I am not surprised. I doubt that Melvin WOULD be brought into the loop on that one until any PR comes out on it (assuming there actually are any). (BTW, personally I still believe Uranium will be a signficant right sold off - but that is just my opinion and I've already explained why).

Otherwise, low volume, low selling, no price movement, no significant PR, plenty of bashers. Just yer average CMKX day, eh?

Z

As always, these are my personal opinions.

Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.

quote:

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Originally posted by sherry:
bill..I must admit that this is my first investment and I know very little, but I
beleive that I can understand what I read most of the time. The pr you are referring to said that urban would not get a dividen
on his 40 billion. It said nothing about any other shares he may own. So who know what he owns. I try not to assume to much.

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You're correct Sherry. But since the PR said that Urban wouldn't recieve this "or any future" dividend then people are assuming that means he hs given up all his shares. I don't necessarily buy into that theory but you never know.

The second thing that we really should try to focus on is...show us the diamonds. We need some geologists to do some digging (no pun intended) along with some good research on what we really have in the way of minerals. The diamond/gold/uraninum/oil/Zinc/and whatever else is worth mining for content is the real prize here. All the NS, dividends and big time lawyers will not put money in our hands unless we have the minerals. I say we take a couple of days and dig for some core results and put some real numbers on the possible diamond bonanza. I know there has been some posts, and good ones, about this, but this crew has resources and fortiude to get down and dirty and find out some real numbers. It will keep us busy until we get something real to talk about.

POST OF THE DAY! READ:

By: pattreko0
12 Aug 2004, 05:35 PM EDT
Msg. 64084 of 64124
Jump to msg. #
***CMKX: Speculating on the Present and the Future***

~Reasons CMKX / Urban might be retiring Naked Shorted Shares (NSS)~

(1) Recent volume has been consistent on an ongoing basis, even though buying pressure from investors probably isn't quite as consistent every single day like it appears to be

(2) Market Maker volume manipulation (See Sterling's Classroom # 62691 by hamoabeach0)

(3) There appears to be almost no investor sells

(4) Melvin states there is share retirement taking place, and not a buyback

(5) The 9,000,000 share blocks which continuously show up on Level 2

(6) If all the buying that appears to be going through on Level 2 was investor buying with almost no selling why would the Marker Makers just sit at Bid .0003 / Ask .0004. They would be putting themselves in a deeper hole by shorting more. If Urban is selling back NSS the amount he is selling back is monstrous by comparison to the investor buys coming in. It is in the Market Makers best interest, through their own analysis of the buy/sell ratio, to station themselves at this level until they complete their NSS retirement, and then later on the Market Makers will worry about the remaining NSS. If the Market Makers raised the price then they would have to pay Urban more for the shares they are buying back which would be bad for them. This price level works best for everybody.

(7) Urban's goal is to instill confidence in CMKX investors, and to restore confidence in the original CMKI investors who have lost a lot of money since the CyberMark International days. This is part of the plan by which he will do it. I will explain this later.

~Possible Reasons for High Volume~

(1) Market Makers are passing shares between each other. They are refreshing the date of when they shorted shares last. For example, if MM #1 has a naked shorted share from date X he can pass this share to MM #2 so that MM #2 can cover an older shorted share from date Y. And so they keep doing this so that shorted shares are always freshly shorted.

(2) Market Makers are trying to create the illusion of heavy dilution by trading with each other

(3) Urban is selling back NSS shares to the Market Makers in high volumes little by little as the MMs come up with available funds. The MMs are coming up with these funds through looting all the other penny stocks which are doing very poorly in the last few months. The long-term trend (3 months) for CMKX volume seems to be decreasing as the Market Makers continue to cover their Naked Shorts

~Why did the Market Makers let the price of CMKX rise to .0012 at its recent peak?~

The Market Makers wanted to come up with some cash before they started buying back Naked Shorted Shares. Perhaps, they shorted up to .0012 because they were aware they had a huge amount of NSS to cover. On the way back down, they covered the most recent NSS from the run up, and, also, profited significantly. As the price settled down around its current levels the Market Makers used some of these profits to buy back from Urban.

~Why is the volume decreasing in the long-term trend?~

(1) The float is drying up from Urban selling NSS

(2) The current investors are holding tight for dividends and the promising future of CMKX

(3) Investors are maxing out their cash available to invest in more CMKX shares

(4) There are very few investors left who haven't already invested and who would, actually, invest in a penny stock

~Why are bashers out in full force and why are there fake PRs that attempt the damage CMKX's reputation going around?~

Simply put, the less new shares Market Makers sell and the more shares they can loosen from weak shareholders at this price level is very important for their survival and long-term profitability. The MMs are looking to stifle new CMKX shares from being bought and to trigger sells from weak investors.

~If we were to receive a cash dividend where might the money come from?~

First of all, Urban understands that many investors bought shares several years ago when the price per share was a lot higher, and he wants to restore confidence to those investors. He has a goal to restore the value for those investors who once had shares in CMKI, and create new value for the more recent investors. By Urban selling back NSS to the MMs at a profit he is taking back what is rightfully the shareholder's money.