Hi Will, I am not convinced the covering has even started in earnest. I think the warning volleys have been fired. The MM's may know that CMKX has the goods and are trying to orderly cover. CMKX isn't pumping at all IMO. They do appear to be trying to keep their longer term shareholders from being discouraged. As far as new ones coming in. I don't think they much care. If the MM's are covering and the company is retiring shares then they are happy with the status quo. I can see that scenario. Why didn't they let the short squeeze of the century occur? I can't say that it won't. I can't say that there won't be a negotiated settlement at some future point. If a short squeeze doesn't then maybe the fact that CMKX needs the MM's to work with them in the future has them being nicer than the MM's deserve or maybe the situation is so bad that some brokerage houses would have gone belly up. Or maybe some MM's are covering and the ones who aren't will be squeezed to high heavens. That seems possible. The truth is I dont' know. And no one knows who is allowed to speak on the issue. So that may be why they don't answer your unanswerable question. IMO-Debi --------------------------------------------
If there had been any naked shorting it has to have been covered. Otherwise you would have seen a rise in the pps. The alternative thought is that it might have been naked shorted but only to a small extent, which again, was easily covered.
As to CMKX trying to keep their longer term shareholders from being discouraged, how can you suggest that with their PRs and the content of those PRs, with funny cars, with credit cards, with LV parties, with no releases of financials, with no releases of outstanding shares, with no releases of insider holdings in order to determine the float and on and on? That makes no sense at all.
There is at least one person that is allowed to speak on the issues as they relate to CMKX and that is Urban Casavant. To date, he has apparently declined to do so.
You claimed to 'know' people in Wall Street,lol... what a joke!
Wallace, you are a little, rectal discharge...
I can not fathom that you expect people to be that stupid that you bought in yesterday at .0001 You are such a little turd... You saying you bought in at .0001 is a slap in the face to everyone and the fact that you think you can push your little agenda, what ever it is, is beyond me...
Life catches up quick, and if you were telling the truth about dying, well, there ya go, Karma's a bi t ch and I'll see ya in hell Wallass...
[This message has been edited by byrdturd (edited August 21, 2004).]
posted
He's trying to appeal to Debi's christian side to condemn us for what we have said....the funny thing is Debi's probably rolling on the floor right now and thanking us for doing the dirty work for her.
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MP wrote:....the funny thing is Debi's probably rolling on the floor right now and thanking us for doing the dirty work for her. --------------------------------------------
I may have major and minor differences with Debi, but I cannot imagine her doing the above.
The only thing that is dirty is Wallace and he is about to go douche to solve that problem...
You are totally right that he is trying to get her Christian side to condemn us, lol...
Again Wallace, I have probably earned myself a seat in the furnace, however I'll still get my last laughs when I get to see your face there too... You don't think you're going to pay a price for all this bashing and lies that you have spilled forth over the last few months? We all pay a price, a commission if you will...
Don't bother packin' a coat the days and nights are kinda warm down here...
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OK, Debi, I have your answer. I can't buy into it. The NSS according to everything I read was to be covered already. I doubt very much if there is a negotiated settlement. I think it's done and finished. That maybe the answer to my unanswerable question, or the others cannot come up with answer. The days of Urban and the plan will take care of everything, and they are holding their cards close are past. This was the first quarter pole in the race and CMKX didn't get a call, the evidence of NSS covering failed to materialize in the form of a rise in the PPS. That is my opinion.
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quote:Originally posted by byrdturd: Lol, the dirty work...
The only thing that is dirty is Wallace and he is about to go douche to solve that problem...
You are totally right that he is trying to get her Christian side to condemn us, lol...
Again Wallace, I have probably earned myself a seat in the furnace, however I'll still get my last laughs when I get to see your face there too... You don't think you're going to pay a price for all this bashing and lies that you have spilled forth over the last few months? We all pay a price, a commission if you will...
Don't bother packin' a coat the days and nights are kinda warm down here...
hey bird you been snortin agin??? gettin a little wild, hava 'nother hitnchill...LOL
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How can the Naked short be covered? If few are selling and the remaining shares to be issued is 17 billion according to pink sheets, there are no shares to cover with if it goes beyond 17 billion.
Only way to induce selling is a high pps.
I doubt they started covering before the dividend date because companies fake divvys all the time. Like GXXL removed their divvy.
I would think they would wait until it went through, then they would have until the payment date to remove said shares.
I have heard those who sell before payment date do not get the divvy, I have heard they will get it anyway, even if they sell cmkx. Until I know for sure I will consider it possible they can still cover some.
Plus, the payment was with UCAD and it did have a run up. I think there was covering there.
Say it was shorted by 5 billion and the divvy is .0000155, then they could cover simply by buying a few million UCAD. UCAD doubled in price but I'm not sure what the volume was.
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I think Rrider made a good point about the possibility the MM's see this as a fake out with dividends... perhaps the push wont happen until the end seems, well, imminent?
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WOW!, I am amazed that the naked covering is:
1. So mysterious and confusing
2. No one cares that it appears that it hasn't happened.
Van told me it doesn't have to be done until August 25, 2005
Debi told me it should have happened August 17, 2004. Then it hasn't began in earnest yet. That it might be negotiated away in the future.
Does anyone understand, know, or can explain the process of this naked shorting issue? Seems as slippery and ambiguous as everything attached with this stock.
Regarding the lack of concern that it seemingly didn't exist or covering hasn't ocurred, I find that simply amazing. During the last 5 months or so it was one of the major highlights as to why someone would want to buy and hold this stock, now it is time to see the evidence of it, and nothing, and no one cares, Amazing!
I know y'all are going to brand me a pain in the ass, and tell me I am asking you to prove a negative, and answer an unanswerable question,, but am I really. I am asking that someone explain the real process of covering, and the tell me why there isn't more concern from the positive longs regarding it. I just can't believe that now that it didn't happen it has become unimportant and not worthy of discussion. Of course with the exclsuion of Van and Debi.
[This message has been edited by will (edited August 21, 2004).]
quote:Originally posted by glassman: Once again, weare in the realm of Fantasyland..... why can't you all accept that there is no naked short---- it was going to be fixed when they changed the symbol from CMKM to CMKX--nothing happened..it was going to be fixed witht htis UCAD deal NOTHING happened--
NOTHING IS GOING TO HAPPEN this is like trying to take heroin from a junky....sad
withdrawal is very painful.....it's like a band-aid best if you do it all at once and fast...
It shows that this investment company invests in other companies besides UCAD. This has no implications on CMKX, but it could be viewed as positive for UCAD, especially if the second company they invested in is a decent one.
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Someone said in another thread that like other stocks who said they would issue a dividend and inturn not due so, perhaps the MM's think the dividends maybe a MAJOR bluff? Perhaps they WONT cover until there is a necessity to do so. As of right now, they can cancel our dividends, CMKX Diamonds, perhaps SOME MM's are waiting for just this. Perhaps others are waiting for something else? Or covering through a different method, however they can't cover the CIM shares... which is interesting since they can't buy the CIM shares, so once it comes to to recivie CIM shares, perhaps that is when a spike will occur??? any thoughts?
What I am saying is that from the MM's perspectives, this can be a major bluff to force them to cover and some are willing to wait it out more to see where the company goes with this...
If they move the price of CMKX down, MAJOR buying will happen and then can cause the stock price to climb before the MM's have to buyback any NS. However if they move it up, the price per share that is, people may see that as the start and buying power pushes it up, causing the same problem they face if the price goes down... maybe this is why we have seen .0004/3 for over a week and a half...
Now there are only so many UCAD shares to cover with since CMKX owns 25%, plus will be owning another 24% if we exercise that option....
So, I went to the Internet and searched for the terminology ex dividend date and this is what I found.
“The ex-dividend date is normally set for stocks two business days before the record date,” which coincides with the August 17th/18th date that everyone has been throwing around. http://www.sec.gov/answers/dividen.htm
But further down in the link below it also states "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 [August 21st], but usually is the first business day after the stock dividend is paid [September 25th]."
Could this potentially give the MM's an additional month to cover as the payment date is not set until the 24th of September?
*************Time will tell I guess. I just wanted to make sure that people are aware of the dates as well so that if the pps doesn't start to rise August 20th or 21st that people do not panic and sell because as I interpret this it means that if I sell my CMKX shares prior to September 24th (payment date) I will not get my UCAD shares. ***************
If I am incorrect in my interpretation please let me know.
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I'm sorry John. I guess I am not intellegent enough to follow that explanation, other than The MM's think it is a bluff? Do you really believe that explanation, sounds like a stretch to me. Now after that, you lose me. "other methods", "CIM dividend" What other methods exist? CIM dividend is August 31, 2004, the covering for UCAD should have happened already, but there is no evidence, (rise in PPS), that it has.
quote:Originally posted by byrdturd: Someone said in another thread that like other stocks who said they would issue a dividend and inturn not due so, perhaps the MM's think the dividends maybe a MAJOR bluff? Perhaps they WONT cover until there is a necessity to do so. As of right now, they can cancel our dividends, CMKX Diamonds, perhaps SOME MM's are waiting for just this. Perhaps others are waiting for something else? Or covering through a different method, however they can't cover the CIM shares... which is interesting since they can't buy the CIM shares, so once it comes to to recivie CIM shares, perhaps that is when a spike will occur??? any thoughts?
What I am saying is that from the MM's perspectives, this can be a major bluff to force them to cover and some are willing to wait it out more to see where the company goes with this...
If they move the price of CMKX down, MAJOR buying will happen and then can cause the stock price to climb before the MM's have to buyback any NS. However if they move it up, the price per share that is, people may see that as the start and buying power pushes it up, causing the same problem they face if the price goes down... maybe this is why we have seen .0004/3 for over a week and a half...
Now there are only so many UCAD shares to cover with since CMKX owns 25%, plus will be owning another 24% if we exercise that option....
posted
I for one am not 100% buying into the whole naked shorting theory. I mean great if it's true and they have to cover and it makes the PPS go up at the MM's expense, but I'm not counting on it. What I'm counting on, however, is us finding diamonds the size of coconuts, that's all. Call me a pessimist, LOL!
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Now we have some guy named Micho telling me the magical date is "[September 25th]". Ok, could be true, he did a little search and found the information. Now Anticipation of the covering has been pushed out another month. Man oh man! How this issue keeps wriggling around. Seemed so clear when the PR of the UCAD was issued that August 20, 2004 was the magical date, and now that target is moving. You could ask Melvin, but he would say, "that isn't my area of expertise, I don't know", you could ask Urban, but he wouldn't answer, and that be ok, because it is secret and protects "the plan", you could ask Roger Glenn, but he probably wouldn't tender an exaplanation. So, I take it no one really knows. Does that make it an unanswerable question, or one that no one here has the knowledge, or understanding to answer?
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I admit workaholic I may not be the nicest poster however I have only 'attacked' one person here, and that is Wallace... and we all know why that is. Alot of people are starting to see the real Wallace comming out into the open, and he has done so even more this past week...
If you go back to all of our posts, HE, is the at the root of all of them.
******************************** I never had to attack anyone until Wallace came here , weeks after weeks bashing our stock and calling it a scam, saying he was trying to PROTECT new investors, then says he bought in at .0001 yesterday and is willing to make a swing trade on a stock he calls a scam, inturn scaming other new investors, who he once tried to help by discouraging to buy the stock, now he bought it and wants to flip it at .0005 to make a profit...**********************
YET IT IS A SCAM?
WALLACE IS A SCAM
Re-read what I wrote in the above paragraph...
HE STATED HE WANTED TO SAVE INVESTORS AND NOW IS 'SCAMING' THEM, USING HIS OWN LOGIC FROM HIS PAST POSTS...
That doesn't set red flags off for anyone else? I know it has to, please say something if after reading what I wrote strikes a chord with you...
-John-
P.S. I posted this on a different thread, however I want you guys to think about the paragraph that has the stars around it
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