You buy back the naked short shares of CMKX or you buy UCAD and GEMM shares to cover with, HOWEVER
You can not buy CIM shares to cover the CIM dividend date, so on that, if there really was a naked short issue, in the end, you would have to buy back all the naked shorted CMKX shares...
Since you could buy shares for two of the three dividends, but not CIM... since that is comming directly from CMKX...
I am sorry that wasen't clear enough, my aplogizes...
posted
Van I think you had it out to August 20, 2005. It isn't important whether you did or not. The fact that August 20, 2004 is what alot of the faithful hung their hopes on, and given as a reason to load up and buy more because that was going to be the day of rekoning, and the squeze of the century, then it failed to happen is the issue. Now that the highly tauted date has come and gone, the story changes conveniently suiting their arguement, and continueing the flase hopes.
quote:Originally posted by VNGNTN1: BT,NOAH,WILL Isn't that what I said earlier today(somewhere)? VAN
posted
I don't see how the CIM dividend is tied into the NSS of the UCAD dividend. Seem like mutually exclusive events.
Can the MM's just scoff at the UCAD dividend, and then what, lol. It's just not making sense to me.
quote:Originally posted by byrdturd: Will,
other methods for covering
You buy back the naked short shares of CMKX or you buy UCAD and GEMM shares to cover with, HOWEVER
You can not buy CIM shares to cover the CIM dividend date, so on that, if there really was a naked short issue, in the end, you would have to buy back all the naked shorted CMKX shares...
Since you could buy shares for two of the three dividends, but not CIM... since that is comming directly from CMKX...
I am sorry that wasen't clear enough, my aplogizes...
I don't understand this either... I am not trying to say what I wrote is the truth or the end all... I am just trying to give you a possible scenario...
I am not saying there are deffinatly or not deffinatly naked shorted shares, no one here can make that determination...
If there are, well I am sure it will help us out in some way if they need to cover...
If not, well we have our diamonds to help our PPS out, as well as any other minerals we find!
posted
Will you don't see how the CIM shares are tied into the UCAD?
Well if there are naked shares, you can still cover them after the date by issuing UCAD shares... those naked shorts will be covered, however, they are still entitled to CIM dividend, correct? If so, CIM is not traded and HAS to come from CMKX Diamonds. The MM's, if there were naked shorts, couldn't cover the CIM dividend and then there is a big problem... They can even cover the NS with GEMM shares come the GEMM dividend, but CIM is publically traded and that, to me, maybe beneficial.
If there really was a NS problem, the CIM dividends would be the toughest because you can't buy CIM to cover...
If there were naked shorts, you could cover the UCAD, you could cover GEMM, but you can't cover CIM...
But again, CMKX Diamonds not CMKX Naked Shorts,lol... I expect to make money with the diamonds,hehe...
[This message has been edited by byrdturd (edited August 21, 2004).]
quote:Originally posted by glassman: wunce agaiyin, ah doan unnerstant wha everbuddy cain't jes assect it...thar ent no nekked shirt...
The thing is, to accept that the naked short issue is yet another lame excuse for a pathetic PPS in the hopes of wooing yet another newbie trader into forking over a couple grand would be heartbreaking for most of the pumper/ lemmings here.
posted
i have a problem with this mm's not having to cover by the 20th...right now the transfer agent is checking the records listing who owns shares and how many. anyone they have listed gets shares. our brokers also have a list of how many shares they hold in the street accounts and names of us next to all the numbers. the transfer agent will then disperce x number of shares to each broker depending on how many shares they have each broker holding. this is what ameritrade explained to me when the ucad dividend was first announced and i called to see what might happen if there where naked short shares out there. now on the 24th all brokers will have x number of shares and then divide them up into each share holders account. the mm's can't just call ameritrade and say "oh by the way here are 15,000 extra ucad shares to make up for what your going to be short" when shares are restricted they are paper but they are differant then normal common shares, they are marked restricted, again from call to ameritrade and from mytrack. what i'm saying is that no matter what the brokers will know if they hold naked shorted shares in street accounts and will then be calling the transfer agent looking for more shares. the mm's can not control the broker accounts and they cant mess with the transfer agents records. there is no way around these steps in recording the shares in our accounts. if the numbers don't add up between the transfer agent and our brokers any naked shorted shares will be exposed. so either the mm's don't care if its exposed or its covered
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posted
John: It might not have been you that trumpeted the NSS theory to point of it being a reason to buy and hold until August 20, 2004, but will you freely admit it was highlighted by some here and on other boards as a major reason to buy? That one goof had some bullcrap theory double naked short selling, what the heck is that? Walk me through this a little more. The UCAD dividend and "other methods". The one other method you mentioned is that the MM would buy UCAD. I don't think the can buy enough to cover the amount of shorts that were mentioned on these CMKX threads. It was believed to be 100's of billions, someone even believed a trillion. I'm still trying to comprehend 480 billion, and this goof is talking about a trillion. How in heaven's name can anyone even listen to that nonsense. I'm sorry John, I know everyone holding heavy and long here is/was hoping for the squeeze of the century, but based on their own timeline it seems to have failed to ocurr. I know that might smash some folk's dream of retirement, but it didn't happen, and their is a HIGH degree of probability it won't happen.
quote:Originally posted by byrdturd: Will,
I don't understand this either... I am not trying to say what I wrote is the truth or the end all... I am just trying to give you a possible scenario...
I am not saying there are deffinatly or not deffinatly naked shorted shares, no one here can make that determination...
If there are, well I am sure it will help us out in some way if they need to cover...
If not, well we have our diamonds to help our PPS out, as well as any other minerals we find!
quote:Originally posted by DiQuiRiesco: The thing is, to accept that the naked short issue is yet another lame excuse for a pathetic PPS in the hopes of wooing yet another newbie trader into forking over a couple grand would be heartbreaking for most of the pumper/ lemmings here.
Interesting, upon checking your profile, your interests are...breathing. Seems like you have a LOT in common with Wallace! How ironic that it is your buddy Wallace, who ends up breaking those newbies' hearts (see byrdturd's post above). Do I need to go on?
Some pumped it using that theory, but again, the company has said there maybe an issue with Naked shorts... I trust the company enough that I gave them money, so I will trust what they say, if I didn't I wouldn't be in the stocks. Infact every dollar that I invested I already decided I have lost, so at this point, if I come out with ANYTHING I am in good shape...
Invest what you are willing to burn away...
The double naked shorted to uranus theories? I hate them too.. I never followed Sterling or any other crazy *********** pumpers... just to insane when they talked about 350 trillion dollars and what not. I think they have little idea of how much 1 trillion is versus their crazy ideas of 350 trillion,lol...
Unreal I will agree with you on that point 100%... Sterling has either been smoking really good byrd or Crack... one or the other...
posted
it doesn't matter if mm's buy ucad shares they will not be the same as restricted shares. i called mytrack looking for a way around the $250 charge to sell the ucad shares if i choose to after one yr. mytrack said they would not hold restricted shares. they would send the paper shares marked restricted to me as soon as they got them on the payment dates. they would inform me via email that they were on the way to me and that my account was to be charged $25 for this. so if mm's buy ucad they would have to buy restricted shares which is not possible. in my mind the cover was the run to .001. the pps of today is because no confirmed diamonds and 483 billion o/s
[This message has been edited by bill1352 (edited August 21, 2004).]
posted
christ, I hope I am still around when this thing finally folds up and dies. It will really be fun to watch. Wonder where so many will migrate to then?
[This message has been edited by Wallace#1 (edited August 21, 2004).]
posted
You know guys, I am being sincere with this. I'm not trying to embarrass anyone, ridicule anyone, insult anyone. I just can't believe this date that was once sacred and is now unimportant, or so many so willing to say, "yea, that's the ticket, Spetember 25 2004, now".
Sad thing it's not just the newbies that get sucked in, but that it sucks others on these posts into buying more and more shares.
Yeah I know. The way I look at it is the pumpers and voiciferous lemmings won't learn untill they have hopefull anticipation turn to impatience... impatience to sorrow and sorrow to knowledge. My only point has ever been that reading this board right know is a single mother hoping to get into the stock market. Without the veterans here to provide a clear assesment of this company she would waste her kid's college money on what has been touted as a sure thing for over a year now. I remember many times over the last year reading some witless quadraped's verbal regurgitation that CMKI/ CMKM/ CMKX would be at a dollar in less than a month. Soon after that post I would read an innocent proudly touting a multi million share buy. Just can't sit by and watch it happen.
quote:Originally posted by Money_Penny: Interesting, upon checking your profile, your interests are...breathing. Seems like you have a LOT in common with Wallace! How ironic that it is your buddy Wallace, who ends up breaking those newbies' hearts (see byrdturd's post above). Do I need to go on?
better watch out MP this dude can smoke anybody...i've seen it..we call him the flamethrower...LOL
quote:You know guys, I am being sincere with this. I'm not trying to embarrass anyone, ridicule anyone, insult anyone. I just can't believe this date that was once sacred and is now unimportant, or so many so willing to say, "yea, that's the ticket, Spetember 25 2004, now".
Does it really surprise you though? How many other "critical" dates have been changed once they've passed? It's a simple matter of people not wanting to see their dreams shattered.
quote:Originally posted by Money_Penny: Interesting, upon checking your profile, your interests are...breathing. Seems like you have a LOT in common with Wallace! How ironic that it is your buddy Wallace, who ends up breaking those newbies' hearts (see byrdturd's post above). Do I need to go on?
Penny: Run along little one. I would hate for any of your loved ones to see you cry because you were picked to shreds on a message board.
quote:Originally posted by Wallace#1: christ, I hope I am still around when this thing finally folds up and dies. It will really be fun to watch. Wonder where so many will migrate to then?
Well, I would bet your chances are not too good. After all, diamonds have been in the ground for millions of years and they will still be there when we move in with the heavy equipment. You, on the other hand...
posted
well wallace ya got 2 to 3 yrs? by then they will know about the value of at least 1 pipe and UC will sell all rights to ucad and the rest for .10 to .25 per cmkx share depending on the results. the only thing even you cant get around is that that diamonds are there. too much proof. odds are it will be the land he got from nevada minerals that holds the biggest amount. why? even you agree he is to big an ego manic to let go of control in cmkx and probably does have a bunch of billions of shares somewhere. and he'll have more cash then he can spend. i wouldn't even be shocked if we didn't know the share structure till then.
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quote:Originally posted by DiQuiRiesco: [QUOTE]Originally posted by Wallace#1: [b]DQR,
Sad thing it's not just the newbies that get sucked in, but that it sucks others on these posts into buying more and more shares.
Yeah I know. The way I look at it is the pumpers and voiciferous lemmings won't learn untill they have hopefull anticipation turn to impatience... impatience to sorrow and sorrow to knowledge. My only point has ever been that reading this board right know is a single mother hoping to get into the stock market. Without the veterans here to provide a clear assesment of this company she would waste her kid's college money on what has been touted as a sure thing for over a year now. I remember many times over the last year reading some witless quadraped's verbal regurgitation that CMKI/ CMKM/ CMKX would be at a dollar in less than a month. Soon after that post I would read an innocent proudly touting a multi million share buy. Just can't sit by and watch it happen.
[/B][/QUOTE]
So, you are a self-proclaimed savior. Good for you. Now read the first post in this thread (then read it again if you don't understand it the first time) and tell me why newbies and single moms or other potential investors would be here on this particular thread to read your posts????????????????????????????????
posted
glass if ya did more then rip ppl in here ya might have seen that they are probably about bankrupt they lost the property in vegas which ucad picks up
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quote:Originally posted by bill1352: glass if ya did more then rip ppl in here ya might have seen that they are probably about bankrupt they lost the property in vegas which ucad picks up
i did see that.... why would they be in bankruptcy if they are sitting on a diamond pipe????? and why would they go to UC???? instead of somebody with MONEY...
{rude comment deleted by glassman, cuz bill never ripped me.}
[This message has been edited by glassman (edited August 22, 2004).]
posted
nevada is a private company not public. i'm sure they still have a stake in it somehow. and as i see there are a few ppl here that have been around here yrs longer then me and i bet they aren't looking for any real pps rise for at least 6 months. i know i'm not.
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I will spell you name as I see fit to spell it in MY posts...
Again, you and your trio of bashers, Wallace and Co.
I am aware of how to use 'Cut and Paste'... No need to teach me STOCKS and COMPUTER skills... Are you a Jedi Knight with all that knowledge? HMMMMMM... Not Jedi but certainly a KNIGHT... Yes Good NITE indeed Wallace and Co...
[This message has been edited by byrdturd (edited August 22, 2004).]
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