posted
I have a question...If UCAD were to do a forward split before our restrictied shares are lifted,would our restricted shares reflect the forward split as well? By the way Barchart thinks alot of UCAD,100% buy accross the board.And R.W. has mentioned a forward split in the past.
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posted
Let's try this theory. 800 billion AS minus the 21 billion PR'd as retired equals 779 billion, just about the ratio number of UCAD distributed.
The last PR on the dividend said that they wanted "every" shareholder to receive the dividend. So let's say the Roger contacts the SEC and says there is a major NS on CMKX and that they are going to issue a dividend to every share outstanding, including the NS shares. How can they do that if they don't know how many shares have been naked shorted? Roger says we'll just issue a dividend to every share, up to the total AS / 500 billion less 21 billion, and see how the DTC handles them.
The authorization is communicated to the DTC and the DTC begins distribution yesterday. They distribute as far as they can, and UH OH, not enough to go around. SEC is watching. FED CALL. Lots of brokerage houses don't have divys for the shareholders. Excuses are being made to shareholders of long delays, and "Trap" sprung. MM's given a few days to a couple of weeks to cover. NSS trading comes to a screeching halt and the market for CMKX comes back to a normal flow as it did today, and the pps begins rising, as it did today. Sound like the beginings of a squeeze. Only time will tell now.
on line brokers should not get a commision from a dividend. I got one a dividend I am in etrade and they did not charge me a commision when I got it. only when I sell it or if I buy anything.
posted
it is kind of strange that with the divy being sent out that the stock would go high. I thought they issued more to give out a stock divy. maybe this is some sort of shorting and if it is how hight will ucad go before we all have our true divies. what I mean by true is that show a value in our accounts. I got a restricted divy. gives a cusip number but it also shows a value
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noah i'm proud of ya...lol its the first idea that pie in the shy wasn't involved...just yankin your chain a bit...i do agree to a point. this could have been done without increasing and thus diluting the o/s by 300 billion. it could have been done at 500 billion with the same result. if it turns out that there are not enough ucad shares there still will be ppl without the dividend and those of us that did get shares have the dividend diluted by 60% even if the 279 billion were never sold
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posted
i've been wondering why ucad has gone up so much too...111% this last month and no real news. if ucad has a forward split our shares also split. they are restricted common shares
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"Excuses are being made to shareholders of long delays, and "Trap" sprung."
I wouldn't think the excuses are being made for the reason you state. It is more like certain brokerages do not distribute in a timely manner. It seems to be the same houses with every dividend. I doubt your theory very much, but cannot disprove it.
quote:Originally posted by will: "IF" They're all "IFS". We only know there was a dividend, or at least I do, it's in my account, restricted.
HA HA HA Yea "IF" Got mine too.(go UCAD) Pennyland is just one BIG "if",is it not. I don't know R.W. or "if" what he said was true or not,but I remember reading he wanted to let it run to $30 and fs.Again,again,ect. But who doesn't want to see that?LOL
posted
Seeing it in my account is believing it, child. Anything short of that is fantastic fantasy, like most theory and conjecture connected to this 7 headed freak of a monster stock.
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posted
I have to admit that I wasn't happy with the was things were going until yesterday. At least I am happy today with receiving the dividends and closing 50% up. Some people still did not get the dividends, hearing many things from people who called their brokerages. Every thing is a mystery with the stock. I doubt about the short squeeze in penny range (more than .01) even though I will be very happy if it happens.
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posted
Question here.. I read sometime ago that it would cost several hundreds of dollars on Ameritrade to sell these Restricted shares after the restriction is lifted.. am i wrong? cuz it doesn't make.. i hope i am, b/c i only got 5 shares, and that would suck if i have to put in money to sell these.. bleh..
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posted
I remember it as $250, not sure though. Why don't you call them up and find out?
quote:Originally posted by lostone: Question here.. I read sometime ago that it would cost several hundreds of dollars on Ameritrade to sell these Restricted shares after the restriction is lifted.. am i wrong? cuz it doesn't make.. i hope i am, b/c i only got 5 shares, and that would suck if i have to put in money to sell these.. bleh..
posted
That be a kick in the nuts, ain't it? Cost $250 to sell $50 worth of stock. Guess it depends on your broker. I haven't checked with mine. I use freetrade, owned by Amitrade. If I recall Ameritrade charges $250 to sell when restrictions are lifted, not sure, seem to remember that.
quote:Originally posted by lostone: Question here.. I read sometime ago that it would cost several hundreds of dollars on Ameritrade to sell these Restricted shares after the restriction is lifted.. am i wrong? cuz it doesn't make.. i hope i am, b/c i only got 5 shares, and that would suck if i have to put in money to sell these.. bleh..
posted
ameritrade said $250 only if you sell the shares. also that charge may not apply. it depends on how the restriction is lifted which of course was supposed to be told to us in a pr from cmkx. remember the pr announcing it information to be announced at a later date. ppl with mytrack will be getting their ucad shares in the mail unless mytrack has change their policy. they told me that they do not hold any restricted shares at all. when the restriction is lifted they will need to be mailed to ucad's t/a for exchange to unrestricted shares and then sent back to your account. you can do this with ameritrade also if that charge does end up applying but it will cost $40
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noah wrote: "MM's given a few days to a couple of weeks to cover. NSS trading comes to a screeching halt and the market for CMKX comes back to a normal flow as it did today, and the pps begins rising, as it did today. Sound like the beginings of a squeeze. Only time will tell now."
I had to read that a couple times. It looks as if I am being told that the "squeeze" has begun. The dividend is paid, been paid, why would the squeeze ocurr afterwards? I think I need this explained better than it was.
posted
UCAD shares showed up in my ETRADE account. Ratio was 1 per 111,111. I was told yesterday it was supposed to be 1 for 103,950. It looks like I'll be calling ETRADE today.
posted
i'm wondering whats going to be said if no pps increase by the CIM dividend in a few weeks. i'm not real confident that cmkx is going to explain the differance in the dividend splits. 1 before CIM has 779 billion cmkx shares in on the split as does the one after it but CIM split says 1.6 trillion. info from stockwatch says CIM is authorized only 25 million shares. the CIM dividend has to have been cut in half to 20 billion. the a/s i'm guessing will be raised to 40 billion thus leaving 20 billion in the treasury so company control is not lost. now if any of the rumors of jumping into a shell company to reduce the stupid 779 billion o/s are true it would give us a 40/1 rs or 1,000,000 shares would become 25,000 shares the pps would go to .012 and if done before the gemm pay date it would give that dividend value. it would also mean that the entire float would be owned. if there was not much of a i'm pi**ed off sell a real diamond find report not a it was diamondferous report could drive the pps up if roger is doing his job he knows there is no way for a company with a 779 billion o/s to ever increase shareholder value
[This message has been edited by bill1352 (edited October 08, 2004).]
[This message has been edited by bill1352 (edited October 08, 2004).]
posted
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posted
LOL bill. Actually, the reason for the post is that on another board, some guy claims that he got a letter from some European broker telling him or her that shares of WMC Resources were being deposited in his account. Somehow related to GEMM. For what it's worth.
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posted
Cmkm Diamond Inc (OTHER OTC: CMKX) Last Update: 9:30:00 AM ET Oct 8, 2004
CMKM Diamonds, Inc. Announces Joint Venture on Uranium Claims
LAS VEGAS, Oct 8, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc., (Pink Sheets:CMKX) is pleased to announce it has reached an agreement with United Carina Resources Corp. (UCA) CDNX whereby CMKX can earn a 50 percent interest in recently acquired uranium properties in the Athabaska Basin area of northern Saskatchewan. The terms of the agreement call for CMKX to pay $100,000 dollars on signing and spend $500,000 on exploration during the first year. A further $100,000 is payable on the first anniversary and $750,000 dollars is to be spent during the second year of the deal.
The properties consist of approximately 35,800 acres and are located in the Wollaston Lake - Hatchet Lake area of Saskatchewan. A substantial amount of exploration has been carried out on these properties in the past and United Carina Resources Corp. is undertaking a compilation of all the data available and will undertake fieldwork as soon as possible. Previous work on the claims outlined several conductive zones, which yielded assays in excess of 1% U3Oa. The properties are located 30 kilometers north and northeast of four known uranium deposits (Rabbit Lake, McLean Lake, Collins Bay, and Eagle Point). United Carina will be the operator of the project and Mr. Dave Billard of Saskatoon will be the Qualified Person for the project.
The Wollaston area is one of the world's most prolific districts for rich uranium deposits. Two classifications of deposits are present: the unconformity-type and the basement-type. The unconformity deposits are related to the base of the Athabasca sandstone and usually occur at the contact of the Archean granitoid gneisses with the Aphebian meta sediments (e.g. Collins Bay, McClean Lake). Basement deposits are hosted solely in the meta sediments (e.g. Rabbit Lake, Eagle Point).
All known deposits are related to the junction of north-easterly and northerly-trending faults, and have a close association with graphitic rocks. These deposits may be up to 1000 meters long, 100 meters wide, and less than 20 meters thick. The ore pods consist of a high-grade uranium ore. The deposits are surrounded by extensive alteration halos of chlorite, cericite, illite, and tourmaline. The majority of these deposits straddle the edge of the Athabasca sandstone and exhibit varying degrees of geophysical responses and radiometric signatures.
The claim blocks held by United Carina Resources Corp. have many of the above geophysical characteristics and hence have good exploration potential for uranium.
posted
CMKM Diamonds, Inc. Announces Joint Venture on Uranium Claims Friday October 8, 9:30 am ET
LAS VEGAS--(BUSINESS WIRE)--Oct. 8, 2004--CMKM Diamonds, Inc., (Pink Sheets:CMKX - News) is pleased to announce it has reached an agreement with United Carina Resources Corp. (UCA) CDNX whereby CMKX can earn a 50 percent interest in recently acquired uranium properties in the Athabaska Basin area of northern Saskatchewan. The terms of the agreement call for CMKX to pay $100,000 dollars on signing and spend $500,000 on exploration during the first year. A further $100,000 is payable on the first anniversary and $750,000 dollars is to be spent during the second year of the deal. The properties consist of approximately 35,800 acres and are located in the Wollaston Lake - Hatchet Lake area of Saskatchewan. A substantial amount of exploration has been carried out on these properties in the past and United Carina Resources Corp. is undertaking a compilation of all the data available and will undertake fieldwork as soon as possible. Previous work on the claims outlined several conductive zones, which yielded assays in excess of 1% U3Oa. The properties are located 30 kilometers north and northeast of four known uranium deposits (Rabbit Lake, McLean Lake, Collins Bay, and Eagle Point). United Carina will be the operator of the project and Mr. Dave Billard of Saskatoon will be the Qualified Person for the project.
The Wollaston area is one of the world's most prolific districts for rich uranium deposits. Two classifications of deposits are present: the unconformity-type and the basement-type. The unconformity deposits are related to the base of the Athabasca sandstone and usually occur at the contact of the Archean granitoid gneisses with the Aphebian meta sediments (e.g. Collins Bay, McClean Lake). Basement deposits are hosted solely in the meta sediments (e.g. Rabbit Lake, Eagle Point).
All known deposits are related to the junction of north-easterly and northerly-trending faults, and have a close association with graphitic rocks. These deposits may be up to 1000 meters long, 100 meters wide, and less than 20 meters thick. The ore pods consist of a high-grade uranium ore. The deposits are surrounded by extensive alteration halos of chlorite, cericite, illite, and tourmaline. The majority of these deposits straddle the edge of the Athabasca sandstone and exhibit varying degrees of geophysical responses and radiometric signatures.
The claim blocks held by United Carina Resources Corp. have many of the above geophysical characteristics and hence have good exploration potential for uranium.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.
posted
I had 7M buy order that I placed a long time ago, it filled couple of days back. I wan't happy for not cancelling it. I placed a sell order at 0003 for 5M, it filled a minute ago.
SELL filled at ASK price??
[This message has been edited by cool1sh (edited October 08, 2004).]
quote:Originally posted by GatorMan: UCAD shares showed up in my ETRADE account. Ratio was 1 per 111,111. I was told yesterday it was supposed to be 1 for 103,950. It looks like I'll be calling ETRADE today.
I called ETRADE and they said they will have to look into why the ratio changed and get back to me. I DID find out, however, that when the restriction is listed and the shares become free trading there will be a $150 fee. She said this was because they have to research the stock using legal counsel to verify that the restriction no longer applies. Sounds like just another way to get money from the customer to me. I can't see how it would cost that much (times all the customers who have the stock) to insure the restriction is lifted.
Oh, and one more thing. If the 111,111 to 1 ratio holds that means 833 billion shares O/S. Somewhat over the last known A/S. ------------------ ~,-,-< GatorMan
[This message has been edited by GatorMan (edited October 08, 2004).]
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