posted
Unless this is the last day before something major happens, and a few MMs got a special deal to buy some at .0001 to cover their nasty deeds of the past...???
IP: Logged |
posted
That was my first thought, but why would someone dump at .0001? I'm sure the suggestion that a negative PR is being hatched will be speculated. It will just make people here jittery over the weekend, and have them praying for a complete, positve, forthright, PR. I'm probably wrong, I'm sure someone is going to tell me why a stock trading at .0003 / .0004 for weeks, suddenly trading at .0001 for 10 minutes or so is a good thing. I'm waiting.
quote:Originally posted by osubucks30: If I owned CMKX I would be REAL worried right about know!
posted
WOW! What's going on with the price? 9M selling at .0001 and buys at .0004. Is that an indication that they are flooding the market?
IP: Logged |
posted
U S Cdn Minerals Inc (OTC BB: UCAD) Last Update: 6:00:00 AM ET Aug 20, 2004
U.S. Canadian Minerals, Inc. Secures Funding Transaction
LAS VEGAS, Aug 20, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals, Inc. (UCAD) announced today that it has signed an agreement with a private investment company to engage in a transaction for the funding of the Company. The Agreement calls for the purchase, by the investment company, of U.S. Canadian Minerals, Inc. common shares, valued at the time of the closing at $9,005,355 USD, in exchange for shares of the investment company.
The investment company is a newly formed London-based entity that will apply for its shares to be admitted to trading on the London stock exchange as an investment trust. The investment company has been established specifically to invest in US micro cap companies with long term growth potential. The investment company expects its shares to be trading on the London Stock Exchange by September 30, 2004.
The investment company has entered into a "lock-up" agreement with U.S. Canadian Minerals, Inc. pursuant to which it has agreed not to trade U.S. Canadian Minerals, Inc. shares it will receive as a result of this transaction for a period of two years from the closing date. In full payment for the shares of U.S. Canadian Minerals, Inc., the investment company will issue to U.S. Canadian Minerals, Inc. $9,005,355 USD equivalent of its shares at a price per share valued at One Pound Sterling.
Fifty percent of the investment company's shares issued to U.S. Canadian Minerals, Inc. will be held in escrow for two years following their issuance and in the event the per share market price of U.S. Canadian Minerals, Inc. common stock at such time is less than the per share value of U.S. Canadian Minerals, Inc. stock at the time of the closing, the investment company shall be entitled to the return out of escrow a percentage of the investment company's shares equal to the market value of such decline. The remaining shares held in escrow shall be released to U.S. Canadian Minerals, Inc. at the time of any such release back to the investment company. The closing of this transaction is subject to certain contingencies, including the listing of the investment company shares on the London Stock Exchange on or before September 30, 2004.
quote:Originally posted by WinsumLosesum: Unless this is the last day before something major happens, and a few MMs got a special deal to buy some at .0001 to cover their nasty deeds of the past...???
I think you nailed it Winsum. Special deal so MMs can cover. jmo
posted
Looks like the MM's traded between themselves before the bell at .0001 and then "washed" the trades @ .0003 after the bell. MM trick, don't get too concerned. But doing this, indicates they may think a big PR is coming. IMO
IP: Logged |
posted
No cause for concern, noah, Zen, DR D, and Sterling will make things clear. They will patch everything up, they will make it right, they will explain that trading at .0001, closing at .0003, is a good thing. All the faithful will KNOW now there is a PR coming. They will explain that this is a good thing. Now, what will everyone think if there isn't a PR this weekend? Anybody?
IP: Logged |
quote:Originally posted by noahltl: Looks like the MM's traded between themselves before the bell at .0001 and then "washed" the trades @ .0003 after the bell. MM trick, don't get too concerned. But doing this, indicates they may think a big PR is coming. IMO
Somebody on another board said this is called "painting the tape", a common trick. But older and wiser traders from other boards are saying this is the stranges close they have ever seen. CMKX making history again.
quote:Originally posted by will: No cause for concern, noah, Zen, DR D, and Sterling will make things clear. They will patch everything up, they will make it right, they will explain that trading at .0001, closing at .0003, is a good thing. All the faithful will KNOW now there is a PR coming. They will explain that this is a good thing. Now, what will everyone think if there isn't a PR this weekend? Anybody?
Will, we've tolerated your sarcasm all day, but right now we have important things to do.
quote:Originally posted by WinsumLosesum: Now, why, at 4PM ET, would UCAD re-release yesterday's PR? A mistake? Was some new PR supposed to be released instead?
It appears to have been edited from the original, clarifying the $ exchange and making a change inthe tranactions limitation time placed on the Investment companies stock
quote:Originally posted by Pieman99: It appears to have been edited from the original, clarifying the $ exchange and making a change inthe tranactions limitation time placed on the Investment companies stock
Thanks, Pieman. I was too flustered to read it word-for-word.
quote:Originally posted by glassman: don't get alarmed about the quotes on the pinksheets this mornig, i have an alert that says they are going to be opening late due to technical difficulties...
posted
Guess who got in at .0001? WS contacts do help! --------------------------------------------
Found this posted elsewhere and thought at least three of you would find it interesting:
Also, when you see a guy end his post with "God bless you all." , run for the hills. There may be a few who are sincere, but in my travels I have come across many scumbags who pretend to be Christians in order to suck other people in to their promotions. -------------------------------------------
See you folks still thing UC and Glenn are still out on the water "walking". In my opinion, it's just no talking, While intelligent posters are balking. Shareholders and CMKX CULTers are trying cover it up with white caulking. ------------------------------------------
See the usual pumpers are posting their usual trivia, dribble and reposts.
posted
You tolerate me, lol, Who do you think you are, you and your friend dwman insulted me, so get used to tolerating more of me. You should have just let me be my redundant dumbass self asking the same thing over and over. You have important things to do? What go see what others on other boards have to say? Too bad they can't give you an original thought. You call what you do DD, it's emabarrassing reposting some madmen's theories that just want to protect there investments. You're an enabler for pumpers if not one yourself. Lets see the important things you have to do, Let's ee the friut of your doing, your expert analysis, and investigation.
quote:Originally posted by noahltl: Will, we've tolerated your sarcasm all day, but right now we have important things to do.
posted
Maybe someone suspects bankrupcy? All those folks that are going to their lawyers if CMKX turns out to be a scam won't have anywhere to go since CMKX (as a corporation) is a legal entity.
[This message has been edited by Wallace#1 (edited August 20, 2004).]
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
