posted
Now, tell me this isn't the most under valued stock around! And the pps still wont move, watch! This is coming to a great big climax! I just learning this stock game, but business is business
Posts: 784 | From: washington, DC | Registered: Aug 2004
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posted
I just wish they would make up their minds what business they are in.....cars, uranium, diamonds, next we will be prospecting for cow poop..... Ed
Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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quote:Originally posted by ed19363: I just wish they would make up their minds what business they are in.....cars, uranium, diamonds, next we will be prospecting for cow poop..... Ed
They are a conglomerate in the making. They are in the acquisition business.
For CMKX, the spin off rate will be .00000962:1 for restricted shares of US Canadian Minerals Inc. The old rate was .0000155:1. The record date was 8-20-04. This means your CMKX buy trades needed to settle on or before 8-20 in order to receive the spin off shares. The payable date was moved from 9-24 to 10-6.
Restricted means that the shares are not registered with the SEC for trading availability. Once the shares are registered, a valid symbol would appear. Ameritrade does not know the anticipated time frame or details pertaining to the restriction at this time.
If you have any questions and wish to contact us via e-mail, please log into your account and send your inquiry using the "E-mail Us" link which can be found in the navigation bar at the left side of any page within your account. Select the Reorganization & Dividend Inquiry Form.
Joy Busse Reorganization and Safekeeping, Ameritrade Division of Ameritrade, Inc
Posts: 259 | From: Rogers, AR | Registered: Oct 2003
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quote:Originally posted by GatorMan: 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.
Got a reply from ETRADE. Not happy with it but what can you do?
"The UCAD dividend was paid at a rate of 0.000009:1. This means you received 0.000009 of a UCAD shares for each share of CMKX held. The 99 shares you received is correct.
"This is an updated rate received from DTC. The spin-off rate of 1:103950 that was provided by Bloomberg is incorrect."
quote:Originally posted by GatorMan: Got a reply from ETRADE. Not happy with it but what can you do?
"The UCAD dividend was paid at a rate of 0.000009:1. This means you received 0.000009 of a UCAD shares for each share of CMKX held. The 99 shares you received is correct.
"This is an updated rate received from DTC. The spin-off rate of 1:103950 that was provided by Bloomberg is incorrect."
Hillarious, somehow "I told you so" just doesn't cut it.
Posts: 1019 | From: Are You With The CIA? | Registered: Dec 2003
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quote:Originally posted by GatorMan: Got a reply from ETRADE. Not happy with it but what can you do?
"The UCAD dividend was paid at a rate of 0.000009:1. This means you received 0.000009 of a UCAD shares for each share of CMKX held. The 99 shares you received is correct.
"This is an updated rate received from DTC. The spin-off rate of 1:103950 that was provided by Bloomberg is incorrect."
Ameritrade's rate was .000000962:1.
That's an entire decimal difference.
?????
Posts: 1872 | From: right here | Registered: Apr 2004
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posted
OK, trading hard at .0002. Not to worry it's the shake before the "squeeze". Where are the squeeze proponents with their explanation?
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Methinks something is rotten in the state of Denmark. How can CMKX trade BILLIONS of shares every day, and the price does not move?
Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
Well, with 780B+ O/S, think about it. If the volume is 20B, which is 2.5% of the O/S, do you really think that's enough to increase the PPS. Yesterday noah led us to believe that the short squeeze has begun. Following his logic we should have seen an increase, not a decrease in PPS. Just too many shares O/S.
quote:Originally posted by ed19363: Methinks something is rotten in the state of Denmark. How can CMKX trade BILLIONS of shares every day, and the price does not move?
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by will: OK, trading hard at .0002. Not to worry it's the shake before the "squeeze". Where are the squeeze proponents with their explanation?
Hiding for good reason.
Posts: 1019 | From: Are You With The CIA? | Registered: Dec 2003
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posted
gator...they should fix that because its not the correct pay rate. maybe they didn't get enough shares & just divided what they had by the number of cmkx shares they held in the street account. i'm not a big believer in cmkx being naked shorted but it is possible and this is the way it would be proved
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
NO! They left because the thread was hijacked. Don't try to tell me that they left becuase if there wasn't a "squeze of the century", they wouldn't be able to defend it or admit being wrong. They are much better than that. rightious, upstanding, people that would admit there isn't any squeeze, and people should not buy in hopes of one coming about.
quote:Originally posted by DiQuiRiesco: Hiding for good reason.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
the uranium was bought into not found UCA bought that claim a month ago. it is not part of the 1.9 million acres. its in a differant part of canada
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
gator...i'd be on the phone with e-trade. every other brokers split is .00000962. e-trade can not change it
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
To all that are trying to save us poor investors. At just todays rate on UCAD, my dividends are worth more than what I have invested in CMKX, and there are more to come. I know, let me save you all the trouble, "these are restricted and lets see what they are worth later on". Well just go ahead and send me all of your restricted dividends, I'll take them for you.
Posts: 20 | Registered: Jun 2004
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posted
Well I'm a sucker 0002. the way I figure it must be good for at least 50% next week.
Posts: 768 | From: Ingland | Registered: May 2004
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posted
Go JB, tell them like it is. I like your style and you crack me up with that left jab of yours. Keep up the good work.
Posts: 20 | Registered: Jun 2004
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posted
first I never saw a volume of 20 billion for cmkx as we all know wherever you look you will see a diferrent volume (yahoo,ameritrade even on the streamer, website...etc
and who would be selling the day before the dividend. where did the MMs get the shares from they were selling. out of a hat? are MMs in their birthday suit. i would say most likely.
the authorized shares are supposed to be 800 b. (i didn`t do my research and i just believe it) and then people just came up with 784 b.O/S after doing some simplefied calculation.
there is no proof of this!
and we don`t know why the a/s are 800 b. if true i don`t think to dilute it would not make sense,if it keeps pps down.
quote:Originally posted by will: NO! They left because the thread was hijacked. Don't try to tell me that they left becuase if there wasn't a "squeze of the century", they wouldn't be able to defend it or admit being wrong. They are much better than that. rightious, upstanding, people that would admit there isn't any squeeze, and people should not buy in hopes of one coming about.
God ****** paid bashers have ruined any hopes of this company being a sucsess. Is there any sancuary from their evil deeds?
Posts: 1019 | From: Are You With The CIA? | Registered: Dec 2003
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Gender: Posts: 999 CASH DIVIDEND (simple) now in yellow! « Thread started on: Oct 7th, 2004, 6:45pm »
-------------------------------------------------------------------------------- This is a very simple operation. A simple way to get a cash dividend.
This was originally posted before the UCAD and GEMM runs. At the recommendation of Braindamage, I will update it as events unfold. I believe this theory has partially been verified by the runs of UCAD and GEMM. I will put updates to the following in yellow.
The following has so far been proven by FACTUAL information.(Volume).
Roger Glenn’s plan is incredible. It is benefiting our friends, UCAD and GEMM, and will benefit all CMKX shareholders at the end. It is all explained below. I am sticking with this plan completely. I am 99.9% positive that this is how it will unfold.
Have a good night. New is in YELLOW.
Could it be this simple?
08/20/2004 Record date for UCAD Broker-dealer/market maker options.
A. Cover all shares in their account tagged short and later receive restricted UCAD shares to distribute legitimately. B. Not cover all shares in their account tagged short and be responsible for the dividend themselves. C. Not deliver at all. Investigated by SEC, fined, possibly barred from trading.
Option A. (Painful) Causes Broker-dealer/market maker to run up CMKX on a short squeeze. Increases the price of all CMKX tagged short in their account. Cost per million CMKX tagged short is 300 dollars if price doesn’t move on a short squeeze.
Option B. (Less painful) Take the hit on all the UCAD shares they have to distribute themselves. Either buy them open market or naked short them into your account. They are responsible if you sell them. Cost per million CMKX tagged short is 50 dollars. (10 UCAD per million CMKX with the round-up multiplied by a 5 dollar price per share) Or put fake, virtual, restricted, fraudulent shares into your account.
Option A. 300 dollars (variable depending CMKX short squeeze)
Option B. 50 dollars (variable depending on UCAD price per share)
It is very apparent to me that they chose option B. Furthermore, if you look at the volume of UCAD prior and after the announcement of the record date for the UCAD dividend… it seems some of the MMs were smart and decided to cover the dividend in a quieter fashion earlier. I have just realized this. What was nice to see was the procrastination of the MMs. This is causing a huge gain on the price of UCAD. It is also costing them more.
10 shares at 11 dollars is 110 dollars. This is still cheaper than a short squeeze on CMKX. Many people have not received their shares in their online account. I have received a marker for my shares in my online account. My broker has confirmed the shares are still not there. They are awaiting them from the transfer agent.
I still believe some may receive restricted shares and some may receive free trading shares. (Unless the market maker’s and broker/dealers have a way to attach the restricted legend to a free trading share. I have looked for this in the NASD and SEC rules and found nothing on it. Any help would be appreciated in that area.)
The math is pretty simple. You just look at the average daily volume before the run and subtract that from the days of the run. That tells you how many shares they needed to obtain. If they needed 7.5 million shares, that would mean the naked short of CMKX is double of the actual shares of CMKX. It is not that bad… maybe. They still have a few more days to buy more.
08/31/2004 Record date for CIM Broker-dealer/market maker options.
A. Cover all shares in their account tagged short and receive CIM shares later to distribute legitimately. B. Not cover all shares in their account marked short and be responsible for the dividend themselves.
Option A. (Painful) Causes Broker-dealer/market maker to run up CMKX on a short squeeze. Increases the price of all CMKX tagged short in their account.
Option B. (Less painful) Take the hit on all the CIM shares they have to distribute themselves. They will have to either buy them open market (if CIM becomes public by then) or create fraudulent, fake, virtual, private shares and put them into your account.
This is leading me to speculate. I personally think CIM will be public before the payment date. I don’t know what shell D. Roger Glenn will use (maybe SGGM). This could lead to a CASH DIVIDEND for us. Whatever shell he uses, will need a share structure that he can modify. The OS of the new shell will have to be equal to the amount of the actual shares to be distributed and the naked shorts. Urban and Ron will own all shares beyond those distributed to us. The Market Makers and broker Dealers will be forced to buy these additional shares in the open market.
This will be awesome. Our company will have bought this shell for dirt cheap… perhaps .0001. They can sell based on the demand. The demand by the Market makers and broker dealers will be equal to whatever they need to cover their short on CMKX. THIS IS HUGE. The demand for shares is not like demand for other companies. The demand for these shares is absolute DEMAND. The market makers have no other way out except to purchase these shares at the MERCY OF ROGER GLENN. These can run up to huge profits for the company.
These profits can later be distributed to the shareholders as a CASH DIVIDEND. THAT’S RIGHT. CASH DIVIDEND. You have no idea the power of what is unfolding.
« Last Edit: Oct 7th, 2004, 7:23pm by georgeburns » Logged
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
UCA getting into the uranium & then bringing cmkx in is a good thing. and yes one day cmkx will be worth more then .0003 but since the law is that a companies value is based on what they mine and not how much is in the ground and the fact that 779 billion shares of cmkx got ucad dividends yesterday there is no way for this to be the stock play of a lifetime. it will probably be a very nice profit one day but thats it. i too wish that basic math didn't apply. now if they cut the CIM in half and spun cmkx into CIM with a float of 20 billion that is completely bought & held i'd be thrilled. i'd take 50,000 shares of this company with a 20 billion float as long as we had proof the o/s would not be raised. i could even see the pps getting close to $1 without getting to the mining stage but it will never happen with 779 billion shares.
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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quote:Originally posted by bill1352: gator...i'd be on the phone with e-trade. every other brokers split is .00000962. e-trade can not change it
According to ETRADE the .000009 rate came from the DTC. The question is, who is correct, ETRADE or the other brokers? I'm hesitant to ask people who got the better rate to question their brokers because it may result in them having some shares taken back. It may get corrected anyway but I don't want to be responsible for starting it. Perhaps I could call CMKX and get it straight from them.
posted
Why do I have to be left out - I did not get any divs in my TD waterhouse. There got to be some one here with waterhouse brokerage account? Posts: 1021 | From: Canada | Registered: Feb 2004
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