quote:Originally posted by glassman: Noah, i thought the plan was to take advantage of the dividends to force the NSS to cover...what happened to that?
September 24, crunch day on dividend cover. I can wait.
[This message has been edited by noahltl (edited September 01, 2004).]
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
well the bashers may have a very bad way of saying it but the plain truth is there is nothing good about what is going on with cmkx. i do believe they are looking for diamonds, the other 4 companies are reporting companies and thus can not get away with what cmkx can and they have as much and more of a % of the claims then cmkx as part of ours was sold to ucad. a lawyer is not proof of anything no matter what his reputation. the total value of the claims will factor in the pps but when all is said or done the pps will be decided by the amount mined yearly. without word from the company saying differant according to the OTC post our o/s is either 800 billion or 1.6 trillion give or take a few million. they can not mine enough diamonds yearly and then sell them to give our pps any kind of increase. if they found a way to dig up enough diamonds selling that many would drive the market price to nothing. as for a merger..if a 500 billion a/s, a record a/s never seen before in the market isn't enough shares what is. there is no reason to raise it to 800 billion. maybe and this is a big maybe it was naked shorted and the total o/s & shorted shares equaled 800 billion as they couldn't let the pps rise enough to get ppl to sell uc covered them by raising the a/s and thus the o/s to 800 billion which still leaves everyone holding nothing. maybe something is in the works to make it right with the shareholders but that is yet to be seen
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
OK, somewhat off topic but I have a question for all you out there who seem to understand all about naked shorting. If CMKX were to have a shareholder vote on some issue how would they determine who is eligible to vote? If the O/S were, say, 500b and the nake shorts was 1000b that would mean 1500b votes.
Edwards & Angell's extensive knowledge in serving clients involved in the jewelry and precious metals industries originally developed as a result of the close proximity of our New England offices to what is recognized as a major jewelry center of the country, where several of the leading precious metals lending institutions have offices. Through years of experience, we have developed an understanding of the industry and its particular legal needs.
Our representation of clients in the precious metals industry encompasses a wide range of legal services, from serving the general corporate legal needs of the industry to the esoteric field of precious metals financing.
Precious Metals Financing Experience We represent jewelry manufacturers, refiners and other users of precious metals, as well as the companies and financial institutions that are the sellers or consignors of precious metals. We have considerable knowledge in the drafting, review and negotiation of documentation involved in consignments and special Finance transactions. We understand the volatility, both in the pricing of metals and the daily swings in the trading of metals and in turn, draft documents to safeguard our clients. Although the financing sources have shifted from foreign metal houses and money center banks to industry specific financial institutions, we have continued to represent the leaders in the industry, including, Sovereign Bank, Sovereign Precious Metals, LLC, ABN AMRO Bank, N.V., Bank Leumi USA and Fleet Precious Metals, Inc.
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The types of corporate services Edwards & Angell has provided jewelry businesses have been varied and include, among others, corporate formation and reorganization, contract negotiations, acquisitions, and the preparation and review of financing documentation, as well as general advice on raising capital, international trade and tax related matters. The shifts in the retail and manufacturing aspect of our clients' business has required an experienced team of attorneys to proactively protect our clients.
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Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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quote:Originally posted by WinsumLosesum: Makes me kinda glad I invested in a race car company which hunts diamonds as a hobby.
WIN,you have a great attitude! If you could go racing again some day, you really would understand why UC goes to these lengths to get his drag racing high. It is absolutely AWESOME! Hope your dream comes true. That goes for ALL of you traders, REALLY, I mean that! I'm just really suspicious I suppose. I came here to learn more about this side of the coin. Been reading for a couple weeks now. Got an eyeful, that's for sure.
Posts: 81 | From: St Louis MO | Registered: Aug 2004
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posted
as it stands today to get to a o/s of 100 billion we need a 8/1 r/s. can anyone find a company...any company publicly traded with a pps of $1 and an o/s of 100 billion? even if they can prove the claims are worth 100 billion or more the pps will not go to $1 because thats the total value or 20 yrs of minings value not including the cost to mine which as is true of everything will be much higher in 20 yrs. a 8/1 r/s turn 1 million shares into 125,000.
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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quote:Originally posted by bill1352: as it stands today to get to a o/s of 100 billion we need a 8/1 r/s. can anyone find a company...any company publicly traded with a pps of $1 and an o/s of 100 billion? even if they can prove the claims are worth 100 billion or more the pps will not go to $1 because thats the total value or 20 yrs of minings value not including the cost to mine which as is true of everything will be much higher in 20 yrs. a 8/1 r/s turn 1 million shares into 125,000.
I know UC has promised no R/S, but there are other ways of accomplishing the same thing. Such as a reverse merger into a shell where you get one share of the shell for each, say, 100 shares of CMKX. Or even as a dividend of a shell and not a merger and then an asset transfer to the shell.
I'm one of those who believe that a reduction in O/S is necessary and that at this O/S we will never see even .25. I think the smart move is to get this going as a viable, reporting company with the current O/S structure and only once the value is there do a R/S to get the share price high enough for NASDAQ (I hope not the American exchange as I think there is a per share charge to trade when the trade is over 5000 shares). This should help to keep the stock price from dropping on the R/S.
posted
Hi Gatorman, I think that if the O/S is equal to the A/S you would be right. But I think it will be much smaller than most on this board think. I think we will end up with a huge increase in PPS from .0004 or even .0011 -even if the ultimate share structure includes a reverse merge to make a smaller number of shares. I am expecting good news in the near future. I won't be selling until we get all the news we are waiting for. Roger Glenn didn't go to Canada to see the scenery. Some business events took place -possibly a roll out IPO with various mining companies and/or sales of other mineral claims like gold, uranium or palladium. We could get news of a buy out offer or a cash dividend. Since I am of the opinion that this stock along with many others has been the victim of naked shorting I think Roger is part of the cure. A cash dividend or a buy out offer from a private company could be the plan. I can wait a long time if necessary to see what the outcome of this investment will bring, but I think it will be very soon. Many of my friends are just getting in this week so I am happy for the delay. I plan to buy some more this week before the weekend the 'quiet time' may be over. GLTA-IMO-Debi Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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Hello, WWJD. Don't get me wrong. I'm holding on to my 20m shares. But like most on this board I have no clue as to what is going on! So I'm just going to sit tight and enjoy the ride.
quote:Originally posted by GatorMan: Hello, WWJD. Don't get me wrong. I'm holding on to my 20m shares. But like most on this board I have no clue as to what is going on! So I'm just going to sit tight and enjoy the ride.
The rides almost over last stop.. Sucker Street population... you
quote:Originally posted by secman: The rides almost over last stop.. Sucker Street population... you
rchaud98, secman, whatever you are calling yourself today, the people at this board are not the same type you find over at Raging Bull or IHUB, or wherever you normally hang out. Your childish harangues have no effect on the longs, and even the newbies can see through your games. You come in with stupid remarks, calling me by name (which everyone here already knows). You bring no DD to back up your accusations and suggestions. Your intentions are obvious and no one here is falling for it, even if you do get support from other bashers, they are already known and discounted just as you are.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
I can go back and look, but does anyone know off-hand when we are supposed to have the ucad shares in our accounts?
Posts: 1005 | From: Grapevine, TX 76051 | Registered: Aug 2004
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posted
diamondogg11 Administrator Re: Has Urban ever misled us? « Reply #10 on: Today at 12:39pm »
-------------------------------------------------------------------------------- Way too much is still unknown for me to know whether or not we have been mislead..
For me this is a constant reassessment of the facts..
and so far nothing IMO constitutes being "misled"..
but that is for each individual to weigh..
That is why (as unpopular as conman's post was the other day)..in one way..I can relate..
I don't expect any miracles by Oct. 31st..and I don't plan on selling shares on that date or any other particular date if I don't get the confirmation I am looking for..HOWEVER, for me the shareholder party..which is about two months away..is enough time for me to reassess the situation..and to know at least a little more regarding the direction of this stock/investment..
I personally think it would be a sign of mismanagement or the very least an uncaring for the perspectives of the shareholders if the Vegas party came and went and countless shareholders spent money on a publicized "party" without any real reason..
Again, this is only a small example of what I would reassess..but I am willing to give time for certain events to unfold (via PRs)..one being the results of the "big" meeting..and the other being the results of current drilling (drilling which is at least rumored to be connected to the new ariel survey)..
I am not in the red zone on my BS meter yet..but then again, everyone should have their own BS meters based on their own DD..
I repeat..this investment like any other..should be reassessed on a pretty regular basis..
this is what I have still to stand on (only a partial list):
1. A new TDEM ariel survey with hundreds of anomolies including oreo cookie targets-- which have not even begun to be exploited.
2. Roger Glenn still on board.
3. JV partners-- with the hope of collectively having the resources to exploit our new targets.
4. Dividends-- with the hope of more to come.
5. Unannounced results of the "big" meeting.
6. The yet to be explained real reason behind the Vegas party..
I will be reassessing each of these things in the coming weeks..
and I repeat..I don't at this time have enough information to be fair in my assessment..
Shouldn't be much longer before I can personally make at least an initial or partial one.
Good luck everyone..and patience still seems to be a factor here. diamondogg
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
LANEBRO A person(by own admission) of two weeks does not hold a position to make some strong statements you have. You are talking to people here with far more knowledge. I suggest continuing your education for another year or so. At that time maybe a question or two would be in order. We have lost some great posters from this site because of this type of confrontation. Should you decide not to take this as a helpful offer I will add you to my little green book of bashers. VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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The Naked Short in this stock has not been proven to exist but is far more likely than not. Your claim that it never was is as valid as your claim that you bought at .0001 on a day when all the retail trades were at .0003 and .0004. Making you a prevaricator or a basher. IMO-Debi ---------------------------------------------
Debi, I am damn well tired of your calling me a prevaricator, a basher or other things. Previously you also implied that I was a liar, that I did something illegal and that I am unethical. You have constantly attacked me and others personally without reason.
My claim that CMKX is not or was not naked shorted to any large amount is much more valid than any claim you have ever made about naked shorting. Just look at what has happened to the number of authorized shares having been increased to 800 billion. Only an idiot would believe that would be necessary under normal business circumstances.
As far as my buying CMKX shares at .0001 is concerned, I told you and others that I had a contact on Wall Street. If you remember that very day CMKX did trade at .0001 and quite a number of shares were traded at .0001 vs .0003/.0004 (including a sale of 5 mil shs at .0001). Please do not try to mislead readers of the thread. It just so happens that I was able to buy those physical shares privately from a WS friend who might have heard something about an increase in authorized to 800 billion (I do not know for sure). As I said in my previous post above (and you claim to have physical certificates of CMKX), all one has to do is sign the reverse of the physical certificate over to someone else. Suggest you look at your certificates before you and others call someone a liar! Obviously, you are not aware that ANYONE can trade shares privately and they do not have to show up in daily trading amounts, and Debe, THAT IS BECAUSE IT IS PRIVATE. For example, I could buy your worthless CMKX shares from you if I so desired, but I am not the least bit interested. Is the concept of a private sale of CMKX too difficult for you to comprehend? Tamie, says she might sell, so if she has physical certificates you can buy her's as well and load up on CMKX all the more...your loss.
As a matter of fact, you and Tamie could make a private contract...you buying (at .0003) and her selling (at .0003) with delivery in 1 month. There would be nothing to prevent her from buying at .0001 before the delivery date and delivering those shares to you providing she could get the physical certificates within that month's delivery date. That would also be a "short" sale and it would not appear in the regular day to day trading amounts.
GLTA-DD-IMO
[This message has been edited by Wallace#1 (edited September 01, 2004).]
quote:Originally posted by VNGNTN1: LANEBRO A person(by own admission) of two weeks does not hold a position to make some strong statements you have. You are talking to people here with far more knowledge. I suggest continuing your education for another year or so. At that time maybe a question or two would be in order. We have lost some great posters from this site because of this type of confrontation. Should you decide not to take this as a helpful offer I will add you to my little green book of bashers. VAN
on Today at 1:22pm, scribe wrote:Point #1 - the company stated the samples were 'diamondiferous'. Fact - they were. Who cares who PRs the results or the quality of the results.
The people who paid .0011 for their shares I bet care what the actual results were.. and the company still hasn't clarified the actual results. From what I understand from people in the diamond industry the term diamondiferous is a real stretch when talking about to bits of diamond dust...
on Today at 1:22pm, scribe wrote:Point #2 - A company can 'authorize' as many shares as they want while at the same time retiring 'issued and outstanding' shares. This is a fact.
That is true. The jury is out on this one for now. If the OS is much lower than most of us expect then you will be correct, if it is anywhere near the 483+billion shares or higher I will be correct.
on Today at 1:22pm, scribe wrote:Your take on these facts as being misleading is what I'm talking about. You think when you read 'diamondiferous' that it means the samples are drenched in diamonds, when in fact it means they found some diamonds (doesn't matter what size or quantity).
I never thought they were drenched in diamonds, but I did expect more than dust particles and for them to pick up the drill rigs and move on. I also expected to hear the specific results back regarding the findings. To exclude the results from the term "diamondiferous" when they know how little there actually were, allow the stock price to run on this news and never PR the actual findings IS misleading by it's very nature. Not lying but misleading.
on Today at 1:22pm, scribe wrote:Your perception when you read that the company is retiring shares is that either the 'authorized' -OR- 'issued' shares can't increase, and the fact is that they can. JMO.
Of course they can, and again they wouldn't be lying to do so.. but they would be misleading. Providing partial information is misleading, from how I see it there is no way around that. It doesn't even imply whether it is good or bad, just misleading. If a company were to retire shares(and PR this) and all the while issue 2 for every share retired but not PR the fact they are issuing it, you would not say they are misleading those reading the PR's? hmmm. Again, neither one of us know the share structure so we are both shooting from the hip here a bit, although it looks like we have a pretty good idea based on the dividend ratios.
telling us Carolyn was a new discovery when in fact it had been drilled by another company in 96 and abandoned in 2000.
Read the reports, Smeaton aka "Carolyn" is barren.
Apparently our new anomaly showed up on scale with the star and 140/41 pipes so we have good potential with this target.
We have to keep things in perspective. Shore Gold has been at Falc since 95 and are still 5-8 years from having a viable mine. The jury is still out on whether it will even be economical. IMO the overall FALC play hinges on the valuations Shore will be releasing around Christmas time. They will also need to improve their overall grade.
JMO and views...
Motherload my ass.. Carolyn is barren and has been for quite some time others have tried to mine that area from 95 to 2000 until everyone gave up.. Guess what CMKX tried it again and guess what they got 2 specs of dust thet cmkx will STILL not admit to. Perfect storm , naked shorts, Mt St Helens my ass.
posted
SECMAN You are already in the little green book. VAN PS Here is a question for you & Lanebro ( you can work together ) for the answer. HOW MANY MINERAL CLAIMS ARE FILED IN CMKX NAME? A correct answer will be documented! Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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You are an owner of CMKX as well as it's predecessor(s). You have been burned with so-called dividends, spin offs, misinformation, etc. well before now with the same people associated with CMKX.
You also claimed to have been into stock trading for at least 5 years.
Why are you still in such a defensive position relative to CMKX when it is being run by the same people in the same way as they have operated in the past? Shouldn't your experience with them dictate otherwise?
You are an owner of CMKX as well as it's predecessor(s). You have been burned with so-called dividends, spin offs, misinformation, etc. well before now with the same people associated with CMKX.
You also claimed to have been into stock trading for at least 5 years.
Why are you still in such a defensive position relative to CMKX when it is being run by the same people in the same way as they have operated in the past? Shouldn't your experience with them dictate otherwise?
Simple he's a paid Urban/Sterling lackey all the true players have left only silly bagholders are left defending this pos. White Urban is out running around in his new hopped up drag car.
posted
secman, if all the "true players" are gone why aren't you with them? Why are you wasting your time on the little fish?
Posts: 57 | Registered: Jun 2004
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posted
Why don't you serious long and strongs who insist on engaging those mindless, misguided, meanspirited churls realise that if you simply ignored every one of their specious posts, they would in all likelyhood just leave quite unnoticed????
Posts: 43 | From: High Point, NC, USA | Registered: Jul 2004
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I should be able to buy tomorrow 
