posted
The announcement yesturday that the ecuadoran govt had allowed Junia to mine is what cleared the way. Remember UC in a past PR said the Junia divvy was put off til this relationship was made clearer.
Posts: 279 | From: Neodesha Ks USA | Registered: Jun 2004
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posted
well more gemm, good that one might be ok when they get to the diamonds down in south america. as for any master plan, it would seem that without finding a place to move from drilling holes to bunk sampling it would be a junior plan not master. a master plan would include making some money i'd bet 5 buffalo nickels the o/s will not change or be explained till after the second gemm dividend not even why the CIM works out to 1.6 trillion and then goes back too 779 billion for gemm
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
Don't know if I figured it correctly, because my calculator can't eat that 780B number. Dropping the last four digits in both numbers, (127336036, and 780,000,000,000, working with 12,733 divided by 7,800,000), I figure the dividend to be .0001632 GEMM forever 1 share of CMKX, or 163.2 shares per million, or @ the current price of .122, $19.91 per million CMKX.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
I concur...my calculations come out the same plus or minus a share or two. Ed
quote:Originally posted by will: Don't know if I figured it correctly, because my calculator can't eat that 780B number. Dropping the last four digits in both numbers, (127336036, and 780,000,000,000, working with 12,733 divided by 7,800,000), I figure the dividend to be .0001632 GEMM forever 1 share of CMKX, or 163.2 shares per million, or @ the current price of .122, $19.91 per million CMKX.
Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
Heres the amount of shares for the first dividend: 95,502,027. Lets do the same thing we did for the last calculation, drop the last four digits of each number. 9,550 divide by 78,000,000, or .00012 per share of CMKX, or 122.4 per million CMKX, @ current price .122 = $14.93 per million shares of CMKX.
$19.91 + $14.93 =$34.84 per million shares of CMKX for both GEMM dividends.
quote:Originally posted by RaiderJR: Will, that is the second divvy right? How much when you add both?
[This message has been edited by will (edited October 16, 2004).]
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
i figure that what is happening here with CMKX and the dividends is that they are buying inflated priced shares, and giving them to share holders as restricted shares. in doing so they are liquidating the cash that we gave them. convincing us to hold the shares by giving us the shares. that once they are unrestricted they wont be worth anything.
legal form of taking our money and giving us something for our money. the problem is that they will devaluate quicker then a used car in a bowl of salt. thus the perfect scam. somehow behind the scenes Casavant will pull a generous salery form these companies and we are left with nothing to show but a bunch of useless stocks.
if they where to throw the same amount of money at drilling and exploration on the land that we already have the rights to, then they might actually make money. Somethign is wrong with the whole idea of this company. why spend money when we are not making money?
think about it.
if my theory is right this is one brilliant scam. way to go Casavant.
Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004
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posted
I don't think the GEMM dividend is restricted. The others are, true. Better that they were bought outright as opposed to exchanging claims for them. It appears they bought these shares at about .04 ea.
[This message has been edited by will (edited October 16, 2004).]
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
whats the point in the buy. they buy all these shares and give them to us. what value does this give the company?
they are not gaining any more of the company that way they just bought them and gave them away basically. Ill take them but i dont see any economical advantage to this move other then to convince share holders to hold thier shares.
please someone explain to me how this is a good move and economically responsible of the company to do this.
as well not how many dividends are we suppose to be seeing? this seems like the 4th one i have heard of but i have only seen one show up in my account.
Please enlighten me on this.
quote:Originally posted by will: I don't think the GEMM dividend is restricted. The others are, true. Better that they were bought outright as opposed to exchanging claims for them. It appears they bought these shares at about .04 ea.
[This message has been edited by will (edited October 16, 2004).]
Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004
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posted
What I find funny is the time of the PR, Saturday October 16, 3:19 am ET. I know it isn't any big deal, but I just wonder if these guys finish a bottle of cognac. and say, "Hey let's put out a PR" Just a weird time to release a PR.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
300 Am is about the time they left the High Roller Black Jack Table in LV. Maybe he won the shares at the table. In any case I am still in and holding. As it has been said "never invest more than you can afford to loose". And hell you never know what will happen with the Casavant Gang!!!
------------------ "If We Agree To Disagree, Then We Can Remain friends"
Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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quote:Originally posted by penny-trader: whats the point in the buy. they buy all these shares and give them to us. what value does this give the company?
That brings us back to bill's post that questions whether the 300B increase was just so CMKX could get divies on all that, and then retire them later:
bill1352 Member posted October 14, 2004 05:37 ------------------------------------------------------------------------ well we do know that the ucad dividend was split up into 779 billion shares thus the o/s is the same as the split would be differant if it was for the 800 billion a/s but i will give those that think the o/s or float is less. the more i think about it why wouldn't UC want to keep part of ucad in cmkx, why give the whole thing to us shareholders. ucad is becoming at strong company and cmkx could use something positive on it's books. as the a/s was increased so fast before the own by date and once the dividend was paid to those shares they could be retired and thus the true float not be 779 billion but back to the 483 billion before the a/s increase.
Posts: 1872 | From: right here | Registered: Apr 2004
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Press Release Source: Diagem International Resource Corp.
Diagem Recovers 0.50 Carat Diamond From Testing Of SL-01 Kimberlite Pipe Friday October 15, 10:32 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 15, 2004) - Diagem INTERNATIONAL RESOURCE CORP.(TSXV GM) ("Diagem") announces that it has completed its preliminary testing of the SL-01 kimberlite pipe, located on Property 370/96, in the Juina Diamondiferous Kimberlite and Gravel Province, Mato Grosso State, Brazil. Little was previously known about this pipe, which sits on a small creek adjoining the Juinninha River, an area with extensive historical garimpeiro activities. This preliminary test achieved its objective, determining that this kimberlite pipe is: 1) diamondiferous, and 2) contains diamonds of a commercial size. The results are as follows:
The two test samples were extracted using a hydraulic excavator and processed in the Company's jig bulk testing equipment; final diamond sorting was conducted in the field using closely supervised panning techniques. The "Eluvial" sample, taken from atop of the kimberlite consisted of soil, rich in ilmenite and garnets containing four diamonds weighing 0.27, 0.22, 0.15 and 0.14 carats. Further delineation and testing of the SL-01 kimberlite pipe is planned.
Diagem signs joint venture agreement with major landowner/diamond miner.
Diagem is pleased to announce that it has entered into an agreement to explore and exploit diamondiferous deposits in joint venture with Mr. Hermes Bergamin, one of the largest landowners in the Juina Diamondiferous Kimberlite and Gravel Province, Mato Grosso State, Brazil.
Mr. Bergamin is well known in the region as a most effective operator who has exploited the diamondiferous gravels of this region in the past. Mr. Bergamin's farmlands mostly cover part of the Company's mineral right, Property 108, which lies at the centre of the Company's property holdings.
The joint venture will share costs and revenues equally; with diamonds produced being jointly controlled by the use of the Company's diamond recovery plant, which incorporates an X-ray Sortex machine. This project will initially commence on a 30-hectare parcel of land with provisions for expansion.
This agreement is yet another example of the accelerated growth in production opportunities now available to the Company in the wake of the Kimberley Process (see Press release March 31, 2004). With the collaboration of Diagem, landowners can now regularize previously illegal operations. Similar agreements are being discussed with other landowners, providing substantial opportunities for increased diamond production. These agreements also grant increased access to the landowner's farms for the Company to explore for further Gravel resources and to test and explore for the primary kimberlite source(s) within the vast Juina diamond field.
The technical content of this news release has been approved by Dr. Mousseau Tremblay, of Williamstown, Ontario, a Qualified Person, President, CEO and Director of Diagem International Resource Corp.
For and on behalf of
Diagem International Resource Corp.
"Mousseau Tremblay"
President & CEO
Posts: 279 | From: Neodesha Ks USA | Registered: Jun 2004
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posted
Methinks if CMKX ever becomes a reporting company and all these questions are answered, this thread will explode. There wont be anything to talk about (LOL).
Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
That begs the question, what negative stuff? The only thing I saw was penny trader, questioning the stragedy of buying shares, and giving them as dividends as opposed to spending money on exploration. That isn't negative, it is a legimate question for him.
quote:Originally posted by RaiderJR: PS
The Gemm divvy is not restricted. All this negative stuff is bogus.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Negative if it assumes the company is scamming shareholders which it did.
Also the 3am casino bit, the 3am is midnight in UC's timezone. What you do is file it with business wire or whatever service and tell them to post it at this time if possible.
I just have to laugh, everytime good news comes someone has to spin it negative, which might keep the price down so I can buy some more.
Posts: 279 | From: Neodesha Ks USA | Registered: Jun 2004
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posted
Here is one persons take, 15.5 million in stock for 500K.
CMKX/GEMM: 127 M shares of GEMM purchased at .0039/share. GEMM currently trades at .122/share.
I ask all of my fellow longs: where else could we get a better deal on a company that already has gold and has an established source of those sparkling things?
Posts: 279 | From: Neodesha Ks USA | Registered: Jun 2004
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posted
The 3 AM was not negative. It was a humorous observation. I haven't seen any other company PR at these seeemingly strange hours, 10PM on a Saturday I recall one being, now 3 AM on a Friday. Jesus Christ, if you can't take a little humor, I don't know what to tell you. You see negatives in everything that doesn't agree totally with your thoughts. Lighten up.
quote:Originally posted by RaiderJR: Negative if it assumes the company is scamming shareholders which it did.
Also the 3am casino bit, the 3am is midnight in UC's timezone. What you do is file it with business wire or whatever service and tell them to post it at this time if possible.
I just have to laugh, everytime good news comes someone has to spin it negative, which might keep the price down so I can buy some more.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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if they wanted a piece of the action why not just buy the shares they want instead of going to all the trouble of raising the shares by 300 billion, causing a pile of animosity in the investors about the increase, distribute the dividend and then retiring the 300 billion. i don't buy that reasoning. my feeling is they are not going to retire anything but out money.
i feel that the 60 million dollars raised buy selling the 300 billion shares at an average price of .0002 is being funneled out of the company by buying all these shares and that Casavant is getting a kickback in the form of a salary from these other companies. selling us out by giving us dividends is his way of keeping you buying shares sending him more money.
the shares that we have will eventually be unrestricted and i will bet my left nut that they will be valueless. I don't care at this point as i only have 2 million shares of which i have free. i have made my profit on this stock and only hold on to these shares in the very very very slim chance that this is not a scam.
ya i can afford to loose my money on this one. but i know for a fact that those that have thousands and thousands of dollars invested in this will be sitting on the edge of their seats for years to coming hoping for a train to come in holding their money. the problem is that that train doesn't exist.
I hope to god i am dead wrong for those in that situation, but i don't see where this thing is going to fly. I will probably win the lottery before this thing makes us any money.
IMHO
quote:Originally posted by WinsumLosesum: That brings us back to bill's post that questions whether the 300B increase was just so CMKX could get divies on all that, and then retire them later:
bill1352 Member posted October 14, 2004 05:37
Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004
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posted
I agreed with that. Currently trading at .122, and I said they paid about .04 per share. It's a good deal, but don't get carried away, it's $19.91 per million shares you own. If you bought 10M shares at .0001, thats $1,000, the dividend equals $199.91 for every 10M. You made 19.91% of your investment back, and still hold your CMKX at .0002. How can anyone say that is bad for the shareholder? penny just question the wisdom of giving it away as opposed to keeping it on the company books strengthing the company assets.
quote:Originally posted by RaiderJR: Here is one persons take, 15.5 million in stock for 500K.
CMKX/GEMM: 127 M shares of GEMM purchased at .0039/share. GEMM currently trades at .122/share.
I ask all of my fellow longs: where else could we get a better deal on a company that already has gold and has an established source of those sparkling things?
[This message has been edited by will (edited October 16, 2004).]
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
further on this show me another company that pays dividends with no revenue. where is the money coming from? its through dilution. it is the only way.
[This message has been edited by penny-trader (edited October 16, 2004).]
Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004
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now if someone can give me a good answer to support this i would be very greatful.
giving away money that they get from dilutioin is not making sence to me
quote:Originally posted by will: I agreed with that. Currently trading at .122, and I said they paid about .04 per share. It's a good deal, but don't get carried away, it's $19.91 per million shares you own. If you bought 10M shares at .0001, thats $1,000, the dividend equals $199.91 for every 10M. You made 19.91% of your investment back, and still hold your CMKX at .0002. How can anyone say that is bad for the shareholder? penny just question the wisdom of giving it away as opposed to keeping it on the company books strenthing the company assets.
[This message has been edited by penny-trader (edited October 16, 2004).]
Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004
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posted
Dilution is not a good way to make your income. I have no problem with dilution once they have found diamonds and now need to build the mine. but to throw away money like this makes no sense. when and if they ever find diamonds we are not going to be able to build the mine. how much more are they going to be able to raise the A/S count and still be a viable stock. they are over extended in my mind. you don't build a mine with out money. The only way they will be able to do it in my eyes is to do one mother of a large Reverse split, and re dilute the stock
I see us in a no win situation on this stock. why cant anyone answer my previous question?
I'm not sure there is a good answer to it.
IMHO
quote:Originally posted by penny-trader: further on this show me another company that pays dividends with no revenue. where is the money coming from? its through dilution. it is the only way.
[This message has been edited by penny-trader (edited October 16, 2004).]
Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004
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quote:Originally posted by Wallace#1: Hope your friend checked out the market very, very carefully. Word is the market is down and expected to go down much more. This is world's largest convention and still going on as of now.
I collect Lionel, Ives, American Flyer and Marx + others - standard, "0" gauge and "S" gauge, pre-war and post war. Don't care if they work, since use parts and good at repairing engines.
Thanks for the info and please do send me your friend's address. Maybe the various reports I got at the convention will be of help to him.
My friend is pretty thorough and very conservative so I'm sure he checked things out and beleives there is a market. Here is his web site: www. smrtrains. com. The www. trains. com forum also has a thread regarding his product.
Sorry for the off topic. I now return you to the normal CMKX postings.
------------------ ~,-,-< GatorMan
[This message has been edited by GatorMan (edited October 16, 2004).]
posted
GatorMan, thank you. Your off topic was a nice little respite from the polarization here. One labeling a scam, another looking to buy more. I don't think it's a scam, I don't totally agree with the wisdom of giving the dividend when you look at it from penny's logic, but I sure wouldn't buy more or advise anyone else to either. I was once was accused of finding negatives here that weren't here, but when someone capitalizing on a humurous remark regarding the time of a PR to point to a negative remark, now that's really stretching accusations of negativetism.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Common guys someone in here must be able to answer my question. everyone is quick to shoot me down as bringing negative to the board but no one will answer a question that would bring clearity to many im sure.
can anyone answer my question?
Dividends are paid on a normal stock when a company is proffitable. CMKX does not have any form of income outside of dilution.
i fail to see the viability in this theroy of paying dividends with no income.
[This message has been edited by penny-trader (edited October 16, 2004).]
Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004
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posted
I cannot believe this, you guys been waiting for PR and you missed. lol ok may be this is not the one
Sat 16/10/2004 3:25 AM CMKM Diamonds, Inc. Announces Purchase/Dividend of Juina Mining Shares via COMTEX
October 16, 2004
LAS VEGAS, Oct 16, 2004 (BUSINESS WIRE) --
CMKM Diamonds, Inc. (Pink Sheets:CMKX), announced today that it has exercised its option to purchase an additional 127,336,036 shares of Juina Mining Corp. (Pink Sheets:GEMM) for $500,000 USD. The Company has elected to purchase these shares to issue as a dividend to all CMKX shareholders as of the October 29,2004 record date .The distribution date for this latest dividend is set for November 30, 2004.
Further updates will be made in press releases and on both companies' websites.
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
we seen this already there has been discussion already on why it came out at 3 am. and mention that they won the shares at a poker game.
it was not stated as fact but as humor.
quote:Originally posted by TradingWizard: I cannot believe this, you guys been waiting for PR and you missed. lol
Sat 16/10/2004 3:25 AM CMKM Diamonds, Inc. Announces Purchase/Dividend of Juina Mining Shares via COMTEX
October 16, 2004
LAS VEGAS, Oct 16, 2004 (BUSINESS WIRE) --
CMKM Diamonds, Inc. (Pink Sheets:CMKX), announced today that it has exercised its option to purchase an additional 127,336,036 shares of Juina Mining Corp. (Pink Sheets:GEMM) for $500,000 USD. The Company has elected to purchase these shares to issue as a dividend to all CMKX shareholders as of the October 29,2004 record date .The distribution date for this latest dividend is set for November 30, 2004.
Further updates will be made in press releases and on both companies' websites.
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.
quote:Originally posted by penny-trader: we seen this already there has been discussion already on why it came out at 3 am. and mention that they won the shares at a poker game.
it was not stated as fact but as humor.
And for second I thought I am going to have some fun, I guess not. Good day.
posted
Penny Stock: I can't stay on very long, but how do you know whether or not you know whats going on behind the seens that they just didn't let out yet?
"legal form of taking our money and giving us something for our money. the problem is that they will devaluate quicker then a used car in a bowl of salt. thus the perfect scam. somehow behind the scenes Casavant will pull a generous salery form these companies and we are left with nothing to show but a bunch of useless stocks."
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GM) ("Diagem") announces that it has completed its preliminary testing of the SL-01 kimberlite pipe, located on Property 370/96, in the Juina Diamondiferous Kimberlite and Gravel Province, Mato Grosso State, Brazil. Little was previously known about this pipe, which sits on a small creek adjoining the Juinninha River, an area with extensive historical garimpeiro activities. 
