posted
Noah, Instead of posting the new rules and regulations, why don't you tie it all up for all of us and explain exactly what you're thinking?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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quote:Originally posted by Upside: Noah, Instead of posting the new rules and regulations, why don't you tie it all up for all of us and explain exactly what you're thinking?
I wanted to give Wallace a little time to come up with, and posted SEC to give a couple clues.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
somebody said, (and i agree with them) that if there are so many NS shares in people's accounts, a WHOLE LOT of brokers are going to be in BIG trouble too....
because it's their responsibility to report the failure to deliver......
this was supposed to have been fixed by new software earlier this year(brokers checking in their accts for undelivered shares)
Scottrade won't let you buy CMKX tho, maybe thats the real reason???
posted
Well, remembering back a few months there was an ammendment to rule 203, 81, 82?, 80 somethings. It made it more difficult for the MM's to NSS. Gave the rule more teeth. It was implemented on issuance, your link says, but wasn't enforced until now. I don't understand the 5/13 day deal, can't put it together with original rule 203 post, too much missing. However it appears whatever the "catch" is RG is going to test it.
quote:Originally posted by noahltl: I wanted to give Wallace a little time to come up with, and posted SEC to give a couple clues.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Hope you are into CMKX at a really low pps. I was hoping to maybe meet you both in York. I enjoy repairing the locos. That's what I keep trying to do on this thread, but it's a losing battle! LOL I do wish you luck with CMKX. --------------------------------------------
Now, as to noahltl, Glassman posted release (edited): "Glenn said, "The company's accountants are working to complete the audit of the company's financial statements. When that has been accomplished, the company will be well on its way to becoming a reporting company again." ------------------------------------------- How long do you think it takes to audit a company with no earnings (actually negative), very few physical assets, unproven claims (except for arbitrary values placed on them by controlling shareholders), probably many liabilities (but easily identified), and a negative shareholders' equity? Three plus months? NO WAY!!! They would probably take not more than a week or two at the most.
What Glenn said, is nothing more than he said in his first released statement re an audit of the company. SAME WORDS TOO!!!
What level of mismanagement cannot even do so little as to set a definitive payment date on dividends? Don't you know that specifying related dates is a common practice when paying dividends? I bet Glenn knows that if he had been with the SEC and if he has even a modicum of securities knowledge. Where was your supposed "know-it-all" Glenn when said dividends were authorized and announced?
[This message has been edited by Wallace#1 (edited September 24, 2004).]
posted
Trap, noahltl? "I wanted to give Wallace a little time to come up with, and posted SEC to give a couple clues." ------------------------------------------- If there is/was any generally large NSS, the only thing Glen/CMKX could do is litigate. Maybe they figure that is the only way they can get any real $$$$s, instead of passing from one hand to the other and back again. They certainly do not seem to be getting anything from their so-called diamond explorations and drilling. They do seem, however, to have been disposing of claims that they previously used to arbitrarily value the company. They're part of the ones that pumpers have been attributing so much "potential" to.
Tell me what the deal is now with SGGM and Casavant's niece. Suddenly she's not IR? More confusion? More diversion from CMKX? Purposeful????
[This message has been edited by Wallace#1 (edited September 24, 2004).]
posted
For the past several weeks, hundreds of people on the several different boards that I visit were reporting having received their UCAD dividends. Even a few here have reported such. How could that be when the TA announces they haven't even sent them out yet. The really amazing thing was that some people reported actually having sold their UCAD dividend shares. Now that can't be can it? Some might answer that a few brokerages were just jumping the gun on their accounting, and the sales were accidental. But to let shares be sold when they were restricted????? That is not going to happen that many times.
A couple of days ago, someone here asked how the MM's could short restricted shares. They can't. So the theory is that they substituted naked short shares of UCAD for the restricted ones. The brokerages put them in various investors accounts and they showed up when many went looking. They could be sold, because they were only naked shares, not restricted shares.
The MM's were shoving in naked shorts all day today in many people's accounts so that they would be diluted in the mix with all of the real dividend shares.
Buy guess what, no legit shares showed up today. Instead Roger announces that they will be put in our accounts on Oct 6. THE GOTCHA MOMENT Now it is easy to catch the naked shorters. They have placed all of these additionally shorted UCAD shares into accounts to cover, and now each placement can be traced directly to the Naked Shorter.
Coincidence that this occurs on the effective date of the SEC regs on naked shorting? Coincidence that CMKX will place the divies on the 12th day from now, the day before the 13th day for settlement?
I think this was a brilliant head fake by Roger to get the naked shorts to tip their own hands and show us what they got.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
Noah, I have to tell you, I laughed for a full minute straight when I read your last post. Now be honest here, do you really believe this latest theory? Come on, you cant, can you? Still laughing out loud!
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
I ain't buying it. I still do not fully understanding how the changes to rule 203 translate to the current CMKX situation. Explain that to me like I'm a six year old, and then maybe I can see how it applies to the UCAD covers and all.
quote:Originally posted by Upside: Noah, I have to tell you, I laughed for a full minute straight when I read your last post. Now be honest here, do you really believe this latest theory? Come on, you cant, can you? Still laughing out loud!
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
And now a commercial break befor we return you to another episode of
AS FOR DIAMONDS WE YEARN we have it all facts,fiction,deception ,denial,proven,unproven,fantasy ,reality,personal attacks,age attacks,name calling,love,hatred,joy,dispair DREAMS OR BROKEN DREAMS STAY TUNED AS WE ALL WAIT FOR THE PERSON THAT KNOWS THE TRUTH GOD. NO NOT GOD, MR. DIAMOND MAN HIMSELF THE RINGMASTER CASAVANT
posted
noah, is that your explanation of "springing the trap" ? If it is, I'm not laughing, just trying to understand it. Can you explain it a little better, I'm kind of slow.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Noah, I'm not bashing you at all. I'm just in disbelief over this theory and can't believe that someone would actually buy into it. At best, I'm assuming you're taking it with a grain of salt, right?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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quote:Originally posted by will: noah, is that your explanation of "springing the trap" ? If it is, I'm not laughing, just trying to understand it. Can you explain it a little better, I'm kind of slow.
The MM's loaded up accounts with naked shares today. Today the regs go into effect. They now have 13 days to make good on those shares. The MMs thought they didn't have to deal with these naked shares for a year. Under the regs, their nakedness now being very obvious, are going to have to cover them all by Oct 7 (depending on whether 13 days or 13 trading days)and the price of UCAD is going to skyrocket between now and then. (Note to self: BUY UCAD monday morning)
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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quote:Originally posted by tigertony: And now a commercial break befor we return you to another episode of
AS FOR DIAMONDS WE YEARN we have it all facts,fiction,deception ,denial,proven,unproven,fantasy ,reality,personal attacks,age attacks,name calling,love,hatred,joy,dispair DREAMS OR BROKEN DREAMS STAY TUNED AS WE ALL WAIT FOR THE PERSON THAT KNOWS THE TRUTH GOD. NO NOT GOD, MR. DIAMOND MAN HIMSELF THE RINGMASTER CASAVANT
posted
Noah, I couldn't agree with you more about the length of time it takes to do an audit. I know for a FACT that a week is long enough. NOT 3 MONTHS... that's a bunch of BS.
Posts: 415 | From: CA | Registered: Jun 2004
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quote:Originally posted by will: No UCAD shares in my account. I still ain't buying it.
It appears that the big brokerages like Ameritrade did not post them. Hmmmm wasn't JEFF their primary MM? It appears from people who stated they had their shares were in smaller brokerages and bank brokers.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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Noah, I couldn't agree with you more about the length of time it takes to do an audit. I know for a FACT that a week is long enough. NOT 3 MONTHS... that's a bunch of BS. ------------------------------------------ Tina, now I resent that!!! I thought that's what I posted. LOL Just kidding! Gives noahltl credit where not due! LOL
posted
OK, everybody's ganging up too fast for me to answer. How about this, you all poke real holes in the theory. Not just laughing. Or, explain how millions of shares of UCAD that were never issued by the TA ended up in people's accounts all over the world, and were even being sold off. If you have a better answer, I'll go with you.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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quote:Originally posted by Wallace#1: tradingpennys wrote:
Noah, I couldn't agree with you more about the length of time it takes to do an audit. I know for a FACT that a week is long enough. NOT 3 MONTHS... that's a bunch of BS.
I was just going to ask if we looked anything alike. LOL
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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From another board Lets try and put a few of the recent pieces together. Retiring shares +++ Roger Glen comes on board ++ Will be fully reporting again ++ Switch transfer agents after audit? New transfer agent reports high OS--- Back to old transfer agent? News of Prepaid visa? Lots of PR's from many other companies buying %+++ Raised A/S to Trillion plus------- Dividend will be paid to all CMKX shareholders+++
What this tells me is that they are trying to confuse the heck out of everyone. I believe the new transfer agent was purposly told that number to make all believe the O/S was high and they had no intention on really switching transfer agents. And i believe the A/S was raised to give the illusion of dilution. I believe everything is happening for a reason and we will be more then happy in the long run. The best way to keep people from screwing up your plans is to throw them a curve every once in a while. They are just letting us all know everything is ok by letting us know the divys will be there. Well i'm probably babbling now so i'll leave you with that.
"I was just going to ask if we looked anything alike. LOL" ------------------------------------------- I sure as hell hope not! If I looked that bad I would get plastic surgery. LOL Just kidding, noahltl.
quote:Originally posted by Wallace#1: noahltl, so sorry about ganging up on you! Not intentionally.
Can you answer my previous question? Is Oct 6th (or 7th) the final day of reckoning now? Can we take your word for that?
I think you know that this is a little too complicated to set a final day of reckoning. This story has a lot of chapters that haven't been published yet. I think you would rather have a date at which you could say see Noah was wrong. Nan a nan a nana. So, ain't falling for that one Wallace. Here's a thought, why don't you take a deep breath and watch how a pro like Roger plays this.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
My God, man, these people will tell themselves anything to avoid the truth. It's better if we don't know, keep em guessing, throw them curves as to not interrupt the "master plan". Stop yourself, please! Lie to me, tell me you love me, and I'll act confused about all your other male visitors, love. STOP IT!
quote:Originally posted by dwman: This maybe the best theory of all.
From another board Lets try and put a few of the recent pieces together. Retiring shares +++ Roger Glen comes on board ++ Will be fully reporting again ++ Switch transfer agents after audit? New transfer agent reports high OS--- Back to old transfer agent? News of Prepaid visa? Lots of PR's from many other companies buying %+++ Raised A/S to Trillion plus------- Dividend will be paid to all CMKX shareholders+++
What this tells me is that they are trying to confuse the heck out of everyone. I believe the new transfer agent was purposly told that number to make all believe the O/S was high and they had no intention on really switching transfer agents. And i believe the A/S was raised to give the illusion of dilution. I believe everything is happening for a reason and we will be more then happy in the long run. The best way to keep people from screwing up your plans is to throw them a curve every once in a while. They are just letting us all know everything is ok by letting us know the divys will be there. Well i'm probably babbling now so i'll leave you with that.
[This message has been edited by will (edited September 24, 2004).]
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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