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I am starting this thread so we can post any new PR and info related to CMKX for the benefit of shareholders. If you want to pump or bash try the other thread. Thank you
Posts: 109 | From: Mulberry Grove, IL 62262 | Registered: Aug 2004
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Well I am glad we have a clean thread. And no posts....Imagine that
Posts: 109 | From: Mulberry Grove, IL 62262 | Registered: Aug 2004
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Ok, I'll start. UCAD released this today, it's not really anything more than yesterdays but maybe it will get this thread going.
Press Release for U S Cdn Minerals Inc
U.S. Canadian Minerals, Inc. Secures Funding Transaction 8/20/2004 6:00:00 AM 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.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
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SO $9005355 UCAD@$5.25=1.715305 restricted shares to "PIC" We get unrestricted shares to sell IF they go on london Exchange. Where is the "Funding" VAN
[This message has been edited by VNGNTN1 (edited August 20, 2004).]
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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The investment company expects its shares to be trading on the London Stock Exchange by Sept. 30, 2004Posts: 36378 | From: USA | Registered: Sep 2003
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I really dont care for the card idea. Just another way to get more of our money. Fees here, fees there. If it was going to be a GOOD promotion, there wouldnt be all the fees.
Posts: 109 | From: Mulberry Grove, IL 62262 | Registered: Aug 2004
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quote:SO $9005355 UCAD@$5.25=1.715305 restricted shares to "PIC" We get unrestricted shares to sell IF they go on london Exchange. Where is the "Funding" VAN
Van, The way I read it is it's a share swap between the two companies. UCAD's shares to the London group are restricted for 2 years, 50% of the London shares to UCAD are tied up for the same period.
I tried starting a thread called "The Back Alley". My goal was to divert arguments away from the real threads. Although I appreciate your intentions, this new thread serves only to divert valid information from the CMKX thread.
We all have better things to do, than sort through juvenile bickering, but I also don't enjoy sorting through 2 threads to make sure I don't miss something important.
Your intentions were noble, but the outcome is, we now have a redundant thread, which some here consider annoying.
Care to reconsider?
Posts: 1872 | From: right here | Registered: Apr 2004
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thank you for your concern. and while I do realize that this thread is redundant, There are people out here who just want info. I myself tire of reading through the arguments and so forth. It is all a matter of opinion, where you read where you post. I will read both threads and as long as this one stays clean, I hope it continues. It depends on the people.
Posts: 109 | From: Mulberry Grove, IL 62262 | Registered: Aug 2004
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News from our neighbor. Looks like everbody up there is diversifying their holdings.
Shore receives further 2.75 million financing - Completes purchase of process plant Friday August 20, 1:31 pm ET
Stock Symbol: TSX-V: SGF SASKATOON, SK, Aug. 20 /CNW/ - Kenneth E. MacNeill, President and Chief Executive Officer of Shore Gold Inc. ("Shore"), is pleased to report that Magma Diamond Resources Ltd. ("Magma") has exercised its share purchase warrants and acquired an additional 2,500,000 common shares at a price of $1.10 per share for net proceeds of $2,750,000. Shore has used a portion of the proceeds from the warrant exercise to purchase the remaining interest in the modular Dense Media Separation ("DMS") plant, which is currently processing kimberlite as part of the 25,000 tonne bulk sample. Magma is part of the Steinmetz Diamond Group, one of the world's largest integrated diamond marketing and trading companies with offices in Antwerp, Tel Aviv, Mumbai, Johannesburg, New York and Chicago. The principal of the Steinmetz Group is Mr. Beny Steinmetz, an international investor with extensive holdings in diamonds, natural resources, engineering and real estate. With the exercise of the warrants, Magma now owns 5,000,000 common shares, or 9.41% of the 53,109,936 issued shares.
Shore has purchased the remaining 50 per cent interest in the modular DMS Plant from Bateman Minerals (Pty) Ltd. for $1,692,804. Bateman, a Steinmetz Group company, is one of the world's foremost providers of process and recovery expertise and equipment to the diamond mining industry. Bateman designed and built the Shore DMS plant. Full ownership of the processing facility provides Shore the flexibility to process additional bulk samples from the Star and other Fort a la Corne kimberlites.
Mr. MacNeill states, "We are very pleased with the vote of confidence shown in Shore and the Star diamond project by such an important world diamond player as the Steinmetz Group." Addressing the purchase of the plant, Mr. MacNeill added, "Owning 100% of the DMS plant opens all sorts of opportunities for Shore in the Fort a la Corne field."
Shore is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Venture Exchange under the trading symbol "SGF".
"The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release."
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Thanks for bringing to this CMKX thread noah's post from the other CMKX thread. No, not the "CMKX Shareholders only" thread, but rather the "CMKX V Holdin' it" thread.
This is insane.
Posts: 1872 | From: right here | Registered: Apr 2004
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Hi Tamie, Winsome answered your question on another thread. I don't know if it applies to pennystocks but if they can have a trailing stop loss it can supposedly trigger it and they can pick up some shares to buy at the now available price.
I have also heard it called a fat finger number. It could be just an innocent decimal point error. Or maybe done on purpose to throw off charting and make the stock appear to be moving.
Hope this helps. In theory I like to get news and DD but I also enjoy the banter when it is friendly. This site has a good history of being a good place for both newbies and seasoned investors. We all have a responsibilty to try to keep it that way. I'm sorry that I haven't turned the other cheek often enough. Hopefully, I won't have to keep taking the same test I am failing over and over. GLTA-IMO -Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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We have through today to buy shares and still get the dividend. I put in an order to buy at .0004 and got it filled in 3 minutes.
Posts: 580 | Registered: Oct 2003
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quote:Originally posted by STAR GAZER: We have through today to buy shares and still get the dividend. I put in an order to buy at .0004 and got it filled in 3 minutes.
SG- Money_Penny responded to your post on one of the OTHER cmkx threads.
Ya know, This REALLY isn't a good time to have info spread out among 3 threads. This has really mucked up the flow of info and ideas, and should be stopped. Try to remove the CRAP from the cmkx thread -- NOT the INFO !
Posts: 1872 | From: right here | Registered: Apr 2004
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Good weekend all. Put a smile on and ride it out. Its the most any of us can do.
Posts: 109 | From: Mulberry Grove, IL 62262 | Registered: Aug 2004
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Hi Shadow, It looks like we all have been busy. I hope it works out for all of us. It is getting interesting. The long awaited PR will hopefully shed a lot of light on some of the goings on with the way this stock has traded. Good night and hopefully we will see a run one of these days. -Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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