posted
Debi, I surely agree on the large NSS position. I have wondered outloud in previous posts, if Urban had purchased all the AS back at .0001. Now I am begining to wonder if he purchased billions more, and is now selling them back to the NS MM's through JEFF, for a huge profit and to allow them to cover. This would account for the strange volumes and buy/sell discrepancies without pps movement. He would be quadrupling his investment and providing a nice cash cache from which to pay shareholders a dividend. Just "specolation".
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
Noah, I do think it is possible UCas been selling back some of the naked short shares at .0003 to the MM's. But I can't help but think they will still be short billions of shares since I think everyone in North America (US, Greenland and Canada) has a few million shares. I also know some British stock holders (tic toc) and at least one in China from another board. There are tons of people holding more than 100 million shares. I do think the price stuck at .0004 has been painted and has no basis in supply and demand. I have been purchasing more right along for that reason alone. But I think the mineral rights have more than a .0004 value and with the other dividends and assorted past PR's which outline a plan I thought this is a buy.
I picked today at 4:05 for a Press Release originally but now I am guessing it could be Monday at 4:05 PM or Tuesday 4:30 AM. Tuesday is the day I have to go sing at a local Nursing Home in the Morning with my husband. He holds a service there once a month and he doesn't sing a note. Maybe I can hire someone to go sing and play the piano so I can be glued to the computer. After all the time I have waited to watch this I want to savor it. This is my opinion only of course (it could do nothing or go down) but a carefully considered one. God Bless and trying to contain the excitement. -Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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Now if that is indeed the case, and for sometime I too have speculated that when the price was .0001 for how ever many months, he could have sold off parts of the 1.4 million acres that had a little mineral wealth for cash, this *COULD* have been accomplished after they had the Areial Magnetic map, the price was still .0001....
They could have raised extra cash and not have disclosed this to us yet??? (speculation)...
Perhaps this was a way to generate some cash... I would think it would not be too difficult to sell lets just say a small 5k acre section that on the map, shows some mineral deposits, be it whatever, not a huge amount, but something, you know... I mean would it not be hard to sell that property, lets say 5k acres (out of then 1.4 MILLION acres of land), with known areial survey of it, showing mineral deposits, also with mineral cliams... Lets say 80% them, 20% cmkx... lets just say... I think that would be worth at LEAST $500-700k dollars...
At $500k, divided by .0001 per share, you get 5 Billion shares...double that amount if the property can be sold for lets say 1-1.4 million dollars)(US)
Oil wells sell for much more in some instances... and I think $500k for 8 acres of land (which you couldn't even find on Long Island) is none the less inexpensve...
This is all speculation but I don't think it is out of the range of a possibility...
-John-
[This message has been edited by byrdturd (edited August 13, 2004).]
Pharm-God Bless and I am shooting a prayer up for you.
Bill-I originally thought no cover by the MM's was in the realm of possibility but I don't believe that any more. I think the price has been stablized right here to give them a chance to both cover and to buy some shares to sell on the way up to decrease their costs. We don't know how it will play out. I do think we will know what we are dealing with by Tuesday AM and will have an idea of how short it is and if we should be selling into a rally with some of our shares. If it is very short I am not going to be in a hurry to sell cheaply. The price will have to go up and I am going to use some patience. If it is a free for all really decide ahead of time if you want to own this stock long term. Because it would be awful to sell and regret it and buy at the top of a short squeeze. That would be a financially fatal mistake. When we know what we are dealing with then we can make a better plan.
NEOM wasn't a short sqeeze but I had it .0025 and it ran to .43 guess who regretted selling some and bought high? That is why I load up at the bottom now. I sell some on the way up a little at a time so if it continues to climb I don't get crazy and buy into the run. I gave back most of the profit I had on that. The run up in price was much higher than it's value. Here if we get a clearer idea of its value that will help.
This is my opinion and I think you can see where I am coming from on this. -Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
wwjd...i hope your right. i do believe the mm's are the markets evil genius's and maybe cmkx is in a position to play 007 (james bond) i know they short the life out of every company they think they can. the only reason i question naked shares left of cmkx is they are smart and with the sort of mergers with 2 other mining companys and the fact that we are finally starting to look in new places for the goods not old looked at and forgotten places (carolyn pipe)it gets rid of the bankrupty edge the mm's look for in naked sharing personally i'd love to trade 500,000 shares for my IRS bill right after jan 1 and have 1.5+ million shares left to watch for a few yrs. i wish i could put a grand or 2 into shares now before the ucad date. if this is as naked as you and many others think .10 might just be possible in a covering move. i just believe that other factors are effecting the pps and also i'm not that lucky..lol
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
Bill, I think the MM's are smart too. I think that if UC sold a ton of shares at .0005 originally and when the Naked shorting started bought back 25 Million Dollars worth or 250 Billion shares. He still would have had 100 Million Dollars cash left minus the expenses of the business including the CMKX race cars and any other promotional costs.
If UC didn't issue the 251 Billion from the AS and bought back 250 Billion he would be in a position to bide his time and set up a sweet squeeze.
If this had been naked shorted all of that and worse how do you buy back hundreds of billions of NS shares without creating more interest from buyers? Make it look more dead. Turn it into a joke. Make it a byword for ridiculous share counts. And 500 Billion is ridiculous. No serious penny stock can have that many. So our ultimate share structure will have to be be different. But I think we will see a substantial PPS increase from .0004 per our present number of shares we hold. Assuming a blockbuster PR and a NS cover. Once again this is my opinion and I could be wrong. I obviously am putting my money where my mouth is. GLTA-God Bless-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
I like the UC resell theory. He buys tons of shares at .0001 knowing that this looks terrific, then, if my timeline is correct, gets the final results of the survey and knows for sure that this is the mother load. However, with the large number of shares he owns, stock swapping and mineral rights are shifted to different entities and the screws are set to be pressed.
However, it doesn't do anyone any good if the MMs are crushed, so, UC decides to give them a chance to buy back and cover at .0004 and .0003. Taking to account that he sells 100 billion shares at .0003, gets $30,000,000 of seed money, makes other deals for additional dividends/stock aquisitions and holds on to the rest, leaving some NS in a real bind when the total OS come out. The stock rises with the OS news AND the core sample news along with the MMs trying to cover, coupled with the dividends committed and the ones to come. This stock takes off like a rocket. The key is for everyone to hold.
Hold. There will be a threshold for selling that is different for everyone, but this could very well be the greatest ride, ever. All of this is IMO, but it's so much fun just putting these things together.
I also think that we will have a merger with other companies to form one hell of a company. There may be a reverse split, but with each share worth more money. The price will rise at first, then drop as people take profits, but the end result will be a solid, income producing company for those that remain for years to come.
Call me crazy, but I'm going to Vegas, reguardless. This has been the best gamble I've taken in a long time.
posted
Hi Workaholic- See you in Vegas. I bought a lot of this so I wouldn't have to be a workaholic anymore. -Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
i guess then you all believe the pr stating UC would not get the ucad or any subsiquent dividend was a bluff or has someone else buying these billions of shares
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
Melvie confirmed their is a short, and that we are very close to squashing it, but would not elaborate any more than that.
Posts: 101 | From: Arkansas | Registered: Nov 2003
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posted
If we are "close" to squashing it, and the price has not budged yet, does that mean it's not going to budge b/c the shorts are covered or almost covered? Or is he referring to the dividend dates, and how they will have to cover by then?
At least it's from Melvin's mouth (and I know that's meaningless to many of you) that there is indeed a naked short. I guess we'll just have to be patient. I hate being patient.
posted
shattering of dreams is not going to happen because of naked shorting. i'm a firm believer that the outcome is based on the minerals found in our claims. which i believe will be found in large quantities. from that point the final pps will be based on value of what is found, possibly differant dividends either in shares of other companies or cash and finally and most importantly the o/s. because of the great interest in cmkx we can deal with a 200 billion o/s and still increase the pps into the dollar range over time. my only real concern is a o/s close to the a/s of 500 billion. if it turns out there is a huge naked short and covering does drive the pps into the whole penny range great but a huge o/s will cause it to fall back down and then take a lot longer to head back up as diamonds and any other minerals are found. i hope everyone is right and UC has this great plan. we are looking at things from a cmkx stand point. step back and you can see that ucad is the one that was buying into and taking huge shares into differant mining companies months before UC started doing so. as long as us cmkx shareholders end up getting at least close to our dreams i don't care who is the lead company. but the events of this yr say we are following ucads lead not them us. this is one of many reasons i question the naked short theory, i don't question the final outcome of cmkx. i think 2 or 3 yrs from now the pps will put cmkx into 1 of the stock plays of all time.
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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quote:Originally posted by bill1352: shattering of dreams is not going to happen because of naked shorting. i'm a firm believer that the outcome is based on the minerals found in our claims. which i believe will be found in large quantities. from that point the final pps will be based on value of what is found, possibly differant dividends either in shares of other companies or cash and finally and most importantly the o/s. because of the great interest in cmkx we can deal with a 200 billion o/s and still increase the pps into the dollar range over time. my only real concern is a o/s close to the a/s of 500 billion. if it turns out there is a huge naked short and covering does drive the pps into the whole penny range great but a huge o/s will cause it to fall back down and then take a lot longer to head back up as diamonds and any other minerals are found. i hope everyone is right and UC has this great plan. we are looking at things from a cmkx stand point. step back and you can see that ucad is the one that was buying into and taking huge shares into differant mining companies months before UC started doing so. as long as us cmkx shareholders end up getting at least close to our dreams i don't care who is the lead company. but the events of this yr say we are following ucads lead not them us. this is one of many reasons i question the naked short theory, i don't question the final outcome of cmkx. i think 2 or 3 yrs from now the pps will put cmkx into 1 of the stock plays of all time.
Bill, I have always said that this is a long term stock. The naked share issue, IMO, is only a small part of how this company will grow. I do not believe the NS is as large as others and will plan my strategy as such. I hope we're both right.
posted
Since the board is slow, this for anyone who wants something to read.
..from RB ----------------- By: bill19336 13 Aug 2004, 06:29 PM EDT Msg. 471084 of 471052
***A note to all anxious investors***
Why are Urban and Roger moving so slowly? First, the measured and calculated steps they are taking are an absolute necessity, and an acknowledgement of the realities of our current situation.
We cannot afford to do irreparable harm to: a) the Market Maker's
b) the fragile confidence of investors
c) the credibility of the DTCC and the SEC
d) the confidence in our brokerage system (i.e, ETRADE, Ameritrade, etc.)
e) the Penny Stock Market in general
I have no doubt that Urban will eventually have a devastating PR that could accomplish all of the above. Unfortunately, there would be no winners in that scenario and any gain would be temporary in nature.
The second reason we are moving so slowly is that Urban has to maintain the perceived scarcity of diamonds. De Beers has been hugely successful as a result of their "benevolent manipulation" of the diamond market. Releasing a monster PR that describes the discovery of huge diamond finds could destabilize prices and damage the market for years to come. In my opinion, UC already knows the different pricing scenarios that a variety of PRs would cause. In post 59519 I speculated that TACY had been chosen to provide Urban with a marketing plan for the transformation of the diamond industry from a cartel-controlled (De Beers) to a free market structure (this will take time).
Thus, I believe Urban is taking the only course of action that makes sense.
Among other things, Urban needs to... 1. squeeze the maximum value out of the other minerals he controls (i.e., oil, gold, silver, platinum, zinc, uranium, potash and kimberlite fertilizer). 2. continue to take positions in new partnerships 3. add new joint ventures to his growing web. 4. increase the long term value of our portfolio through stock dividends (this keeps us from rushing to sell). 5. give us cash dividends in order to allow us to unlock value from our stock holdings (this allows us to hold longer). 6. maintain and expand the visibility of the Casavant Brand (racing sponsorships, Visa card, investor events, etc.). The newly created hospitality tents at the races and the Vegas party will be tax deductible and help extend the Casavant brand (lots of good publicity). 7. repair the share structure (I don't see a 483 billion OS). 8. release big PRs in a disciplined and purposeful manner (I've long said he's had a pocketful of PRs) . 9. end the manipulation CMKX has been under (keep an eye on volume). 10.(a) increase the drilling program by using leased equipment and subcontracting the labor, it doesn't make sense to make large capital expenditures on something that will not be provide a permanent value. It's also easier to increase or decrease the number of rigs as the situation dictates (this lowers the overhead and carrying costs). 10.(b) once the core samples have been verified, UC can package and sell some claims for working capital (we have hundreds to sell). 11. allow his "old money" contacts (from Casavant Organ family) to expand into the financial arena (Visa is just the first partnership, expect many more. 12. advise the DTC and the SEC of his actions and together craft a plan that will not topple those agencies. 13. carefully consider the release of any core samples he has in secure storage (the Carolyn pipe has been tested for both diamonds and other minerals, but only 1/2 of the test for diamonds has been made public). 14. most importantly, Urban and the shareholders needs to give Roger Glenn the time he's requested to move forward.
In my opinion, we must all realize that the wrong PR at the wrong time could destroy our chances of achieving the financial success we are all hoping CMKX will accomplish. Next time you get impatient, just remember that Roger Glenn was not brought in to preside over the end of the De Beers and the Market Maker dynasties. He was brought in to methodically prepare the way for a "Casavant Empire" that will last for many generations.
Good Luck
Posts: 722 | From: Atlanta | Registered: Feb 2004
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posted
Anyone heard Melvin on Paltalk this evening? He supposedly said this. But we can not come to any conclusion with his statements. The next day he may say 'very soon can be next year'.
------------------------------------------ By: sailor32507 13 Aug 2004, 06:56 PM EDT Msg. 64771 of 64780
Melvin didn't say much, someone asked if the MM's were going to be squashed soon and Melvin said and I quote "Let everyone here know this is comming from my lips VERY"
This lead me to believe the MM's squeeze is going to start next week thats just my take on it tho.
Go CMKX Sailor
Posts: 722 | From: Atlanta | Registered: Feb 2004
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posted
Not CMKX related, but has anyone else noticed a new format for Allstocks. A couple times yesterday when I came in, there was a different format to the opening page, and a different format for the posts. Then the next time I woould come back, it would be back to normal. This happened two or three times. Did anyone else notice it? Are we in for an update of Allstocks?
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
Posted by: zeninvestor32 In reply to: None Date:8/12/2004 8:57:16 PM Post #of 76633
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 forward 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 significant 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 significant 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.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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quote:Not CMKX related, but has anyone else noticed a new format for Allstocks. A couple times yesterday when I came in, there was a different format to the opening page, and a different format for the posts. Then the next time I woould come back, it would be back to normal. This happened two or three times. Did anyone else notice it? Are we in for an update of Allstocks?
Noah, It all looks the same to me although I've been gone most of the day (State fair with my wife), I'll let you know later if anything looks different.
posted
Looks like the hurricane missed Pharm. Everybody prayed it away from him I guess. Right into my sister's home in Brandenton, just north of Sarasota. LOL Not too concerned though, she's up here right now, just waiting for word if she has a home to go back to.
[This message has been edited by noahltl (edited August 13, 2004).]
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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quote:Originally posted by noahltl: It was all happening yesterday, have'nt seen it today.
Hi Noah, the only thing I can notice on this board is more ads. Sometime I get these ads between pages, luckly it allows me to skip and move on. Otherwise nothing catched my eye.
PS My prayers are with those affected by the huricane.
posted
For those of you who think there may be a reverse split in the future, you may be interested in a post on Allstocks "Hot Stocks" section - "Beware of MRMN" posted by Frithle.
Don't know if the assumption or statement is valid.
[This message has been edited by Wallace#1 (edited August 13, 2004).]
posted
Well, I just got a PM from someone who assured me I'm not getting "oldtimers disease". They saw the new formats yesterday as well. So I would suspect we are in store for a new look here.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
Here's the post you referenced, Wallace: Frithle unregistered posted August 13, 2004 21:18 -------------------------------------------------------------------------------- They recently changed their base of operations to Nevada, which has been a haven for R/S-seeking companies. Not saying they will, just that companies who operate out of Nevada tend to do these nasty things more often than not...
quote:Originally posted by Wallace#1: For those of you who think there may be a reverse split in the future, you may be interested in a post on Allstocks "Hot Stocks" section - "Beware of MRMN" posted by Frithle.
Don't know if the assumption or statement is valid.
[This message has been edited by Wallace#1 (edited August 13, 2004).]
They just merged and and A/S of 300,000,000, i can't remember what they issued, 150,000,000? Now it might make more sense. Do me a favor and look at MRMN and give me your opinion, I like it. Might play it.
[This message has been edited by will (edited August 13, 2004).]
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Thanks for posting that. As I previously stated, I have an old man's mental block re computers and never remember how to paste, copy, etc. or whatever it is.
Will check out MRMN over wkend and email you. ------------------------------------------- Watching the Olympics opening. Man, when I was younger, glad I never ran across a dress like that one. I would have given up after the first two hours of trying to find what I was looking for! LOL
[This message has been edited by Wallace#1 (edited August 13, 2004).]
posted
Noah -I noticed the different format a few times and forgot to mention it. I also noticed difficulty using the copy and paste feature and Wallace's comment just now reminded me of that.
Have a good night all. I need to do taxes through Monday and should not be reading these boards. -Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
Thanks. They may dillute with another issue, but I doubt R/S. I know there's a lot of soar parts on people from being kicked by what seems like a rush of R/S's, but they aren't hiding behind every symbol. I escaped the TSBB R/S by selling last week, I think I bought and sold 125,000 shares over a 6 week peroid+ and lost $15 total.
quote:Originally posted by Wallace#1: Will,
Thanks for posting that. As I previously stated, I have an old man's mental block re computers and never remember how to paste, copy, etc. or whatever it is.
Will check out MRMN over wkend and email you.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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finky4x2
unregistered
posted
Somebody posted a few days ago about Melvin reminding them of John Candy,I just saw a picture of him and honestly i dont make the connection. He reminds me more of Ralph Kramden (Jackie Gleason) of the Honeymooners.Which by the way would explain the {To Da Moon} phrase that has been linked to this stock.
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posted
You could probably relate Melvin to any overweight buffoon like character. Ralph Kramdens not a bad one, John Candy or John Belushi is appropriate but to me the guy defies description. He truly is out of his element and needs to be removed. People laugh at his appearances on Paltalk and chuckle at his ill-thought out comments but he is really doing much more harm than good. Maybe he is a decent guy and apparently his wife is pretty ill but the bottom line is, he's hurting what little bit of a reputation this company has or is trying to build. Get someone in there who can speak for the company in a professional manner, not someone who is viewed as a lovable clown.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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BTW, did you stay up for that surprise PR last night, lol, this guy is something else. Don't get me started!
quote:Originally posted by Upside: You could probably relate Melvin to any overweight buffoon like character. Ralph Kramdens not a bad one, John Candy or John Belushi is appropriate but to me the guy defies description. He truly is out of his element and needs to be removed. People laugh at his appearances on Paltalk and chuckle at his ill-thought out comments but he is really doing much more harm than good. Maybe he is a decent guy and apparently his wife is pretty ill but the bottom line is, he's hurting what little bit of a reputation this company has or is trying to build. Get someone in there who can speak for the company in a professional manner, not someone who is viewed as a lovable clown.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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