posted
Money, my broker is also lowtrades and since I just read your post after business hours I can't check to see if my account shows the same, but did they tell you when (as of what date) you got the UCAD shares? How do you access the acct? do they just give you a new number or what?
quote:Originally posted by Money_Penny: I just called my broker (lowtrades) and asked about the UCAD dividend since people on other boards are reporting they’re getting statements showing the UCAD dividend had posted in their accounts. To my surprise, there are UCAD shares set up in a separate account for me (I think he said it was a margin account). He told me the amount of shares and doing a quick calculation the distribution rate was 0.0000155. I asked if the shares were showing restricted and he said yes. He did not know how long the shares would be restricted. I then asked about any applicable fees once they became unrestricted and I wanted to sell them and he said it depends whether or not they need to go through the TA for that transaction. If they do (which is not the norm) there would be a fee from the TA. Otherwise, there would not be any fees.
At least some positive news albeit the distribution rate would suggest a 483b o/s which compared to 800b or 1.5t does not sound too bad!!!
BTW, these shares will not show up in your online accounts, probably because they are restricted.
Posts: 38 | From: Phoenix, AZ, USA | Registered: Aug 2004
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She indicated SGGM and CMKX were two separate companies, she is Urban's niece (and not Ron's daughter) but works solely for SGGM, and there will be PRs starting next week that will explain many, many things... including the $10M! Just adding more bandwidth ---------------------------------------------
Wonder why that person "Sugarpaw" did not ask the obvious. Such as, "I understand they are two separate companies, but who owns SGGM"? "Does the Casavant family have a controlling interest in any way or are members of that family on the Bd of Dirs?"
Sure, she works solely for SGGM, but who hired her? Who got her the job there as opposed to working at CMKX?
Is this SGGM deal just another case of the left hand passing $$$$s to the right hand as has been done in the past?
PS: No reflection on you, noahltl.
[This message has been edited by Wallace#1 (edited September 10, 2004).]
quote:Originally posted by trgfunds: Money, my broker is also lowtrades and since I just read your post after business hours I can't check to see if my account shows the same, but did they tell you when (as of what date) you got the UCAD shares? How do you access the acct? do they just give you a new number or what?
Sorry trgfunds, I don't know the answer to any of those questions. I will wait until I get my paper statements. However, I understand from other people who have got UCAD shares in their accounts that you cannot access them online since they are restricted.
quote:Originally posted by Money_Penny: I just called my broker (lowtrades) and asked about the UCAD dividend since people on other boards are reporting they’re getting statements showing the UCAD dividend had posted in their accounts. To my surprise, there are UCAD shares set up in a separate account for me (I think he said it was a margin account). He told me the amount of shares and doing a quick calculation the distribution rate was 0.0000155. I asked if the shares were showing restricted and he said yes. He did not know how long the shares would be restricted. I then asked about any applicable fees once they became unrestricted and I wanted to sell them and he said it depends whether or not they need to go through the TA for that transaction. If they do (which is not the norm) there would be a fee from the TA. Otherwise, there would not be any fees.
At least some positive news albeit the distribution rate would suggest a 483b o/s which compared to 800b or 1.5t does not sound too bad!!!
BTW, these shares will not show up in your online accounts, probably because they are restricted.
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I have my statement in front of me from Lowtrades and it shows that I have 23 shares of UCAD. It also shows the payout of .0000155 per share of CMKX. I have 1.5 million shares of CMKX and that equals 23.65 shares of UCAD. Darn I lost 2 thirds a share, thats gonna hurt!!!! It also shows that it was moved to a type 4, LOC 1R account which is not a margin account because I have a margin account with Lowtrades and it doesn't show online. It must be a restricted type of account.
However, like MoneyPenny said this is a positive note that the outstanding should be 483 Billion. We will see when we get the rest of the spinoff shares.
quote:Originally posted by trgfunds: Money, my broker is also lowtrades and since I just read your post after business hours I can't check to see if my account shows the same, but did they tell you when (as of what date) you got the UCAD shares? How do you access the acct? do they just give you a new number or what?
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Sorry, just got to this post.
It shows in my statement that the date received was 8/23/04. Not bad, only 3 days after effective date.
Can't answer about the available date for selling.
posted
Ok I just pulled out my statement and it turns out I DID get my UCAD YAY! -- Since it came so quickly I wonder since Aug 31st was another record date for CIM shouldn't we have that one too? I didn't expect them this fast but I'm not complaining!
Posts: 38 | From: Phoenix, AZ, USA | Registered: Aug 2004
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posted
I still say that the whole gang are all involved in the same companies and $$ goes from the Left Hand to the Right Hand and back to the Left Hand. But I could care less as long as some of the money makes it to my hands. IMO: UCAD ownership is as follows:
U = Urban Casavant C = Carolyn Casavant A = Andrea Desormeau D = David Desormeau
The true owners and controllers of UCAD ??? Anyone care to speculate on this theory??? ------------------ "If We Agree To Disagree, Then We Can Remain friends"
[This message has been edited by Doctoall (edited September 11, 2004).]
Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
Since we've heard that urban's neice is in charge of SGGM and when asked about it they were kinda hush hush, could it be that there is a possible merger with us and SGGM and the final resulting company is going to be the CIM shares that we will get 1 for 1? Then the share price would be an average of ours and theirs or something. I mean "Casavant International Mining" just sounds so mergerific. Any thoughts?
Posts: 38 | From: Phoenix, AZ, USA | Registered: Aug 2004
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posted
[QUOTE] I have an ameritrade account and my monthly statement as of August 27 does not show me receiving any dividens yet. Do I need to contact ameritrade or just wait till I receive my Sept. statement any help would be appreciated.
Posts: 18 | From: Fargo ND 58102 | Registered: Jun 2004
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posted
I have freetrade, owned by ameritrade, didn't show up in my account, yet.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Sugarpaw Re: WE GOT OUR UCAD DIVIDEND IN OUR ACCOUNT!!! « Reply #17 on: Sep 10th, 2004, 2:20pm »
-------------------------------------------------------------------------------- This was posted earlier by DiamondWon see below for full copy.
{I explained what I was reading on these ********s about people claiming to have received their UCAD dividends as unrestricted shares. He said this was possible, as a broker can advance these shares to a client if they so choose, in expectation of the shares being duely issued by CMKX through 1st Global.}
Well I said I would call 1st Global and Pacific. Just got off the phone with Jeff at 1st Global. I had two issues that needed to be addressed. First, Canada Etrade will not accept Certs on OTCBB and Pink stocks. The certs have to be returned to 1st Global with instructions as to which broker you want them electronically converted to. The Big Hassel is that they need to be "Medallioned!" In the states any bank can do this, not so in Canada! He suggested I open a US Etrade account which requires me to open a US Bank account. So this weekend I am off to Blaine, Wash.
My second question was pertaining to the UCAD and CIM dividends. I explained what I was reading on these ********s about people claiming to have received their UCAD dividends as unrestricted shares. He said this was possible, as a broker can advance these shares to a client if they so choose, in expectation of the shares being duely issued by CMKX through 1st Global.
ALL dividends HAVE to go through 1st Global, and to date they have not received any shares from UCAD or CIM. When I asked how they could be coming up with these ratios that we are seeing, he said this info is coming from the OTCBB or DTC. He said that the actual ratios will in all likelihood be different. He said everytime someone comes up with a new ratio, his phone rings off the hook!
Jeff said, don't believe what you read or hear about from these Chat Rooms. No one at this point knows what the actual ratio will be, other than the company and 1st Global!
So, as soon as I think this should be a Black & White clear cut issue, we muddy the water with some brokers advancing shares. What happens when the ratio is declared and it turns out to be different, unclear how those brokerages will deal with the discrepancy.
Confusion, confusion.... DiamondWon
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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quote:Originally posted by glassman: OK now that the shares are showing... you need to hear from who IS NOT getting shares... those are the NSS........
posted
i find it had to believe anyone would have these shares and at the first rate. a broker might add them but since nobody knows the split yet other then the otc post which is probably very close any shares in an account will have to be adjusted thus more accounting paperwork, not something a broker would do on purpose.
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
Ameritrade told me they were aware of all dividends coming thru, but were holding pending exact distrubtions. I can't speak for some of the other brokers ( some may have jumped the gun) but Ameritrade has always been accurate with what they told me. I think this is the same thing Bill said VAN PS: NO WALLACE it doesn't mean it's NSS because we haven't got it; more tripe dispersion. Hope no one is taking your advice
[This message has been edited by VNGNTN1 (edited September 11, 2004).]
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
I have a Fidelity account and it does not credit my account with any of the divident shares. However, last time I talked to them, they assured me that if shares are in my account, they are good.
Posts: 1005 | From: Grapevine, TX 76051 | Registered: Aug 2004
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PS: NO WALLACE it doesn't mean it's NSS because we haven't got it; more tripe dispersion. Hope no one is taking your advice ---------------------------------------------
Just keep slapping yourself and listen up!!! That bit about the NSS was posted by Glassman. More "tripe dispersion", huh?
So much for YOUR valuable advice!
If there has been any CMKX naked short selling in huge amounts, Glassman just happens to be right.
posted
Does anyone here have any disputes with the math someone posted on another site as to the o/s?
There are 483,870,967,741 shares out there. We now know that the PPS on the UCAD div is $4.75/ a share. So with that info, we can now figure out how many shares of CMKX there are. The dividend was paying .0000155 share of UCAD for every share of CMKX. Multiply $4.75 by .0000155 and you will get a number of .000073625. That is $.000073625 amount of UCAD you will recieve for every share of CMKX that you have. Now take $.000073625 and mulitply it by the dividend amount of 7,500,000 shares of UCAD and you get a number of $35,625,000. This means that there is $35,625,000 out there of a pie that every CMKX shareholder will get a peice of at $.000073625 per one share held. So, multiply $35,625,000 by $.00007325.You get a number of 483,870,967,741.
Is that how one gets the o/s?
Posts: 2634 | From: The highway | Registered: Feb 2004
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quote:Originally posted by highwaychild: Does anyone here have any disputes with the math someone posted on another site as to the o/s?
There are 483,870,967,741 shares out there. We now know that the PPS on the UCAD div is $4.75/ a share. So with that info, we can now figure out how many shares of CMKX there are. The dividend was paying .0000155 share of UCAD for every share of CMKX. Multiply $4.75 by .0000155 and you will get a number of .000073625. That is $.000073625 amount of UCAD you will recieve for every share of CMKX that you have. Now take $.000073625 and mulitply it by the dividend amount of 7,500,000 shares of UCAD and you get a number of $35,625,000. This means that there is $35,625,000 out there of a pie that every CMKX shareholder will get a peice of at $.000073625 per one share held. So, multiply $35,625,000 by $.00007325.You get a number of 483,870,967,741.
Is that how one gets the o/s?
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Well, thats a hard way of doing it. The easiest way is to take the 7.5 million and divide it by the split ratio.
7500000 / .0000155 = 483870967741.935
This will give you CMKX's outstanding share count. You can't get any better numbers than that for accuracy. I don't know where all the other figures are coming from. The count of over 1 trillion outstanding shares was a bit far fetched. Someone got their numbers crossed somewhere. JMHO
posted
Also someone posted from another site had an answer to the NSS issue. -----------------------------------------------------------------------
If you DON'T sell, your shares are real by default. The MMs have to cover all the shorts (eventually). When they do, the price goes up and some will sell. If you DON'T sell, you will be holding shares that will BECOME real. The shares sold back to the MMs, even if they are "real" automatically become candidates to cover for the shorted shares. The shares sold back are destroyed, along with the same number of shares recorded as shorted.
In essence, the folks who sell back shares to the MMs are providing the MMs with the "borrowed" shares that the MMs were supposed to have had access to before they shorted. So whoever sells, is HELPING the MMs with their scheme.
And had an excellent answer to the NSS issue. If you DON'T sell, your shares are real by default. The MMs have to cover all the shorts (eventually). When they do, the price goes up and some will sell. If you DON'T sell, you will be holding shares that will BECOME real. The shares sold back to the MMs, even if they are "real" automatically become candidates to cover for the shorted shares. The shares sold back are destroyed, along with the same number of shares recorded as shorted.
In essence, the folks who sell back shares to the MMs are providing the MMs with the "borrowed" shares that the MMs were supposed to have had access to before they shorted. So whoever sells, is HELPING the MMs with their scheme. -------------------------------------------------------------------- Also from another site http://www.rgm.com/shortselling.html
Posts: 2634 | From: The highway | Registered: Feb 2004
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posted
Isn't that what everyone been waiting for? The big squeeze? The squeeze of the century? Did y'all forget that? Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Anyone know what "Bleech" is? Must be a new kind of mouthwash! LOL
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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UPDATE: CMKM DIAMONDS, INC. (Pink Sheets: CMKX) - SWAPPING STUFF September 7, 2004 Imagine it was spring again, and time to clean out all of the useless items you had accumulated over the past years - all of those beanie babies, trolls, and pet rocks that you have been collecting. But instead of tossing them in the trash, you swap them with your neighbor, who has an equally dubious set of stuff cluttering his closet.
Now imagine that you and your neighbor agree that you are not trading junk at all, but valuable items of infinite worth. Does that make the items valuable?
CMKM Diamonds, Inc. (Pink Sheets: CMKX) has been on a trading spree. The Company, which has yet to uncover marketable diamonds or other revenue generating gems and ores, has been busy trading interests in its claims with other financially challenged mining companies. UPDATE: CMKM DIAMONDS, INC. - CONCENTRIC CIRCLES. In its search for a silk purse - or is that a diamond studded handbag - on September 2, 2004, CMKM announced a joint venture agreement with another struggling Pink Sheet company, St. George Metals, Inc (Pink Sheets: SGGM).
According to the September 2nd press release, St. George Metals has agreed to purchase a 5% interest in all of CMKM's mineral claims. In return, CMKM says it expects to receive $10,000,000 Dollars and two hundred billion (200,000,000,000) restricted shares of St. George stock. CMKM claims that it already has received the first $2,500,000 payment and anticipates three additional $2,500,000 payments by October 2nd.
The terms of this transaction place a rather curious valuation upon the assets of both companies. Investors can only guess at the value of St. George - or the state of its operations. The Company ceased filing public reports with the SEC in November 2002. When it last filed, St. George declined to provide detailed financial information, instead conceding that its "financial resources" had been "substantially exhausted" and that it had no ongoing business operations.
We have discovered no public information that would suggest St. George's fortunes have improved these past two years. The Company has not issued any recent press releases indicating new funding or renewed operations. Consequently, there is no way to determine how the financially exhausted company may have accumulated $10 million - or why it would devote such valuable resources to acquiring an interest in CMKM.
Despite this lack of information, investors responded to the CMKM announcement, driving St. George stock from $.01 a share on September 2nd to $.07 a share on September 3rd - a 700% increase for a Company whose financial condition and business remain a complete mystery.
The transaction also created a valuation for CMKM that is hardly supported by the Company's track record. If St. George was prepared to pay $10 million in cash, and deliver stock valued at $2 billion on September 2nd (and $14 billion on September 3rd) for a measly 5% of CMKM's mining interests, did that mean CMKM's claims were worth roughly between $40 billion and $280 billion?
That hardly seems likely. Remember, CMKM has yet to dig up any marketable diamonds.
The St. George alliance followed several similar swaps between CMKM and obscure mining companies searching for the mother lode - albeit unsuccessfully, at least so far. In one of those transactions, CMKM announced that it would sell 5% of its mining claims to U.S. Canadian Minerals, Inc. (OTCBB: UCAD) in exchange for 7.5 million shares of U.S. Canadian stock. UPDATE: CMKM DIAMONDS, INC. - SHARING SHARES. That sounds like a bargain, considering the price paid by St. George for a similar interest. The price of U.S. Canadian shares at the time of that deal was approximately $4.80 a share - CMKM practically gave away the 5% interest for a mere $36 million worth of stock.
Then again, where are the diamonds?
And there was more. CMKM also gave U.S. Canadian a one year option to acquire an additional 10% of CMKM's mineral claims for $15 million in cash. On July 27, 2004, CMKM announced that it had received $3 million from U.S. Canadian, representing a partial exercise of the option.
On the surface it seemed unlikely that U.S. Canadian would be able to come up with the necessary funds. Unlike CMKM and St. George, U.S. Canadian does file periodic reports with the SEC - the price it must pay to preserve its listing on the OTC Bulletin Board. Those reports suggest that U.S. Canadian faces considerable financial challenges. As of March 31, 2004, U.S. Canadian had $408 in cash, no current revenues, and concerns about its ability to continue as a going concern.
Matters hardly improved in the third quarter of 2004. As of June 30, 2004, U.S. Canadian had $1,321 in cash, no revenues, and cumulative losses of $17.7 million. So where did U.S. Canadian get $3 million - and why would it invest those precious funds in CMKM?
The answer can be found in U.S. Canadian's Form 10-Q financial report for the quarter ended June 30, 2004. According to the Form 10-Q, U. S. Canadian agreed to sell 600,000 shares of its stock to an unnamed party related to CMKM at $5 a share. The $3,000,000 received by U.S. Canadian from that transaction was then paid to CMKM.
In other words, an individual related to CMKM funded U.S. Canadian's investment in CMKM - just one more swap in this series of intriguing transactions.
And what of the money paid to CMKM by St. George? Was it raised in a similar fashion, by funneling shares to a "party" associated with CMKM? Unfortunately, in the absence of public filings, investors will have a difficult time finding the answer to that question.
But regulators should be able to get those answers - if only they bother to ask.
Pay particular attention to the last 7 paragraphs. Eye openers??? Just remember, Casavant's niece is with SGGM for some reason. Is it Casavant family controlled?
[This message has been edited by Wallace#1 (edited September 11, 2004).]
posted
Thanks, Will. I have never seen any product called "Bleech". Is it a new brand name? Is it new on the market? What is the company's ticker symbol? BLEE? Where do I buy it? LOL
[This message has been edited by Wallace#1 (edited September 11, 2004).]
posted
Yep, enjoyed it on Sept 8, but we can enjoy it again.
tradingpennys Member posted September 08, 2004 18:12 -------------------------------------------------------------------------------- UPDATE: CMKM DIAMONDS, INC. (Pink Sheets: CMKX) - SWAPPING STUFF September 7, 2004 Imagine it was spring again, and time to clean out all of the useless items you had accumulated over the past years - all of those beanie babies, trolls, and pet rocks that you have been collecting. But instead of tossing them in the trash, you swap them with your neighbor, who has an equally dubious set of stuff cluttering his closet ...............
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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