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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » CMKX ... VII ...Waiting for that October Surpirse (Page 30)

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Author Topic: CMKX ... VII ...Waiting for that October Surpirse
sdrobert
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when do restricted dividends have amex name associated I thought they always say nasdaq sc.
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zippycal
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They may be preparing for a cusip number change, to get rid of the short situation. Maybe AMEX is the target exchange once reporting.

chris


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bill1352
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neither cmkx or CIM would come close to qualifing for AMEX they need a $3 pps & a 3 yr history of making money & neither come close.
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safeguard
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Aren't shareholders of UCAD supposed to get a F/S today?

From UCAD pr Oct 15th...
The Company's earlier announced 3 for 1 forward split is expected to be effective October 25, 2004.
All shareholders of record as of that date will participate in the split.

[This message has been edited by safeguard (edited October 26, 2004).]


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safeguard
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Interesting...

Wall Street News Alert: Aggressive Traders Alert! October 26, 2004, Part 3
10/26/2004 7:29:56 AM

Weston, FLA., Oct 26, 2004 (M2 PRESSWIRE via COMTEX) -- Wall Street News Alert`s "stocks to watch" this morning are:
ART International Corp. ( ARIOF ),
Broadcom Corporation ( BRCM ),
Dell Inc. ( DELL ),
Wal-Mart Stores, Inc. ( WMT ) and
CMKM Diamonds, Inc. ( CMKX ).

[This message has been edited by safeguard (edited October 26, 2004).]


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Upside
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Here's the key to anything you read from "Wall Street News Alert":

This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release.

They are about as reputable as the Green Baron. It's another paid pumping firm.


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JEAL
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U.S. Canadian Minerals Inc. 3-for-1 Forward Split and Symbol Change Effective
Tuesday October 26, 1:43 pm ET


LAS VEGAS--(BUSINESS WIRE)--Oct. 26, 2004--U.S. Canadian Minerals Inc. (OTCBB: UCAD - News) announced today that the company's 3-for-1 forward split has been declared effective as of the open of the market tomorrow, Oct. 27, 2004. The company's new trading symbol is USCA. This restructuring of the company will allow for the pursuit of additional avenues of financing and future acquisitions.
John Woodward, president of UCAD, exclaimed, "We are appreciative of everyone's efforts in making this forward split effective. The forward split of the company's securities should open exciting pathways for future growth and additional shareholder value."

Further details relative to this matter can be found at http://www.uscanadian.net/.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.

--------------------------------------------------------------------------------
Contact:
U.S. Canadian Minerals Inc.
Chris Hanneman, 303-220-8476

--------------------------------------------------------------------------------
Source: U.S. Canadian Minerals Inc.


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bill1352
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and they are up .60 today on volume of 43,000. wont see movement like that anymore at least not on the volume
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safeguard
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Maybe a silly question but are the UCAD FS shares restricted since the distribution shares are, the ones that came via CMKX?
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will
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It was discussed days ago. The answer is yes, they are restricted. Confirmed through the PR person at UCAD.

quote:
Originally posted by safeguard:
Maybe a silly question but are the UCAD FS shares restricted since the distribution shares are, the ones that came via CMKX?


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Upside
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Yep, they're restricted. I e-mailed UCAD asking them that very question when they announced the split.
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WorkAHolic
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quote:
Originally posted by Upside:
Here's the key to anything you read from "Wall Street News Alert":

This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release.

They are about as reputable as the Green Baron. It's another paid pumping firm.


Interesting Upside, do you have anything solid that would substantiate that on these particular companies? Shouldn't these companies be required to disclose this type of "advertising".

Do you think CMKX paid for that statement?


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Upside
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Workaholic,
The middle part of my post that you copied is pulled from the "alert" that they put out. I should have enclosed it in quotes or something. Also, the Green Baron, on their site, comes rite out and states that their parent company, Evergreen Marketing, is a holder of CMKX and they state they have been adding to their position since they began covering them. To me, that is paid pumping or pumping for your own self interest. At the very least, it's not impartial journalism.

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glfpimp
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Do our restricted shares get affected by the 3 for 1 split?
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Upside
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glfpimp,
We participate in the split but our new shares are restricted just like the originals.

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sdrobert
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125809996 AMEX CASAVANT INTERNATIONAL MINING EQUITY

this is what it says for my CIM dividend through etrade
that really didn't answer my question bill.
Most dividends from alot of companies have either unknown or nasdaq sc
Ive never seen it with amex thats what I am asking why does it have amex I am not saying that I think it is a stock exchanged on the amex or that it qualifies I am asking for the reason they had to use the amex instead of nasdaq sc. I just dont understand. this is what I know being a newbee

otc is pink sheet stocks
otcbb is over the counter bulletin board stocks

nasdaq sc is dividends
nasdaq nm is stocks that are trading on the nasdaq stock exchange
nyse are trading on that exchange
and I thought amex only refered to stock that was contained on the AMEX exchange I know the number is a cusip but like I said before usualy I see dividends having a cusip and "nasdaq sc" and the company name. could it be that etrade just puts random things when they dont know? maybe thats why it said tender offer in front of it before and now it says equity with the amex. maybe they are just pulling random names out of their butts. I dont know thats why I am asking. obvious cmkx would not qualify again that wasnt the stock in question. if anyone actually knows please respond there has to be a logical answer not it does not qualify so there is no reason.


quote:
Originally posted by bill1352:
neither cmkx or CIM would come close to qualifing for AMEX they need a $3 pps & a 3 yr history of making money & neither come close.


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Highwaychild
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Gold hit a 7 year high today.
I just saw the Ecuador mine video
on cmxkpics com.
Worth a look.Looked good to me.

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Upside
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Wallace or anyone please answer a question if you can. What is the reasoning in issuing restricted shares as a dividend? Correct me if I'm wrong but all of the costs involved in the issuance have already been borne by the companies correct? It will not have any affect on them if these shares eventually trade at .10 or $100.00 per share correct? If thats the case, why keep them restricted?
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WorkAHolic
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quote:
Originally posted by Upside:
Workaholic,
The middle part of my post that you copied is pulled from the "alert" that they put out. I should have enclosed it in quotes or something. Also, the Green Baron, on their site, comes rite out and states that their parent company, Evergreen Marketing, is a holder of CMKX and they state they have been adding to their position since they began covering them. To me, that is paid pumping or pumping for your own self interest. At the very least, it's not impartial journalism.

Thanks Up, I did know that but for some reason I thought that this particular news "wire" company was someone else. There's way too many hidden agendas in all of this. Hard to keep track. Thanks for the reality check.


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Wallace#1
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quote:
Originally posted by Upside:
Wallace or anyone please answer a question if you can. What is the reasoning in issuing restricted shares as a dividend? Correct me if I'm wrong but all of the costs involved in the issuance have already been borne by the companies correct? It will not have any affect on them if these shares eventually trade at .10 or $100.00 per share correct? If thats the case, why keep them restricted?

UP,

I am unsure as to the correct answer to your question. Maybe it has something to do with voting control, but I don't know if those restricted shares would have voting privileges. Second, as I recall, UCAD has a preferred stock that controls or could control anyway, so it should not make any difference.

As to how restricted shares are accounted for on the balance sheet and income statement, I do not know. Never had occasion to run across that problem.

Interesting subject....the rights, privileges, positives and negatives of restricted shares. Will have to look into it.

Sorry, I am not of much help. Is that why I don't get a commission? LOL

[This message has been edited by Wallace#1 (edited October 26, 2004).]


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Penny-Trader
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my guess is that it would equate to dilution. by keeping them restricted the shares are not counted in the outstanding share count. these shares would have come out of the a/s that have not been issued. so if they where unrestricted that would increase the o/s which equates in dilution and lower pps

JMHO

quote:
Originally posted by Wallace#1:
UP,

I am unsure as to the correct answer to your question. Maybe it has something to do with voting control, but I don't know if those restricted shares would have voting privileges. Second, as I recall, UCAD has a preferred stock that controls or could control anyway, so it should not make any difference.

As to how restricted shares are accounted for on the balance sheet and income statement, I do not know. Never had occasion to run across that problem.

Interesting subject....the rights, privileges, positives and negatives of restricted shares. Will have to look into it.

Sorry, I am not of much help. Is that why I don't get a commission? LOL

[This message has been edited by Wallace#1 (edited October 26, 2004).]



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Upside
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originally posted by Wallace #1:
quote:
Sorry, I am not of much help. Is that why I don't get a commission? LOL

No commission until a sale goes through. Look at it this way though, a sale of 200.00 would equate to 1 million CMKX shares gross. Your cut if paid in shares would be 7% or 70,000 shares. 15 sales that size would put you over a million shares, well on your way to being a millionaire when this stock erupts!


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Upside
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penny-trader,
Assuming that's the reason, dilution, thereby lowering the pps, does that tell you anthing about the recent run-up in UCAD's pps?

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will
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I told you, he gets nothing!

quote:
Originally posted by Upside:
originally posted by Wallace #1:
No commission until a sale goes through. Look at it this way though, a sale of 200.00 would equate to 1 million CMKX shares gross. Your cut if paid in shares would be 7% or 70,000 shares. 15 sales that size would put you over a million shares, well on your way to being a millionaire when this stock erupts!



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Upside
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originally posted by will:
quote:
I told you, he gets nothing!

But if I pay him in CMKX shares, in effect that's what he's getting.


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Wallace#1
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Up,

This is getting interesting. Just a cursory check suggests that a company might be able to dictate the value of a restricted share of stock at the end of the restriction period. If that is the case, and I am checking further, it seems that UCAD could say each restricted share is worth .0001 as opposed to what the going market is per share. For example, I ran across this:

"The maximum amount payable (determined at the end of the applicable
restriction period) in any one fiscal year to any one participant for
Restricted Stock Units is the higher of $10,000,000 or 1,000,000 shares
of Common Stock."

That was for a public utility named Southern Company.

I do not know if the UCAD restricted shares are or will be treated identically to so-called restricted shares of insiders.

Fascinating!!!!


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Wallace#1
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Upside and Will,

You're both a pair of creeps!!! LMAO Guess you both caught some kind of disease when you went to the CMKXtreme race. LOL

I'm going back to studying restricted shares.


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Upside
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Since there's only us "bashers" here tonight, let me bounce something off you guys. Could it be that there is a very good reason that those shares were restricted? To be more specific, restricted so that we could not dilute the pps thereby putting a damper on the run up so that certain people wouldn't benefit greatly from an artificially inflated pps and a 3 for 1 forward split? Anyone see where I'm going with this?
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Upside
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originally posted by Wallace #1:
quote:
You're both a pair of creeps!!! LMAO Guess you both caught some kind of disease when you went to the CMKXtreme race. LOL

If I caught anything I probably caught it from Will. Ever get a look at him?


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will
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Next time we go somewhere, UpMan, I want to take Wallace's old ass with us.

quote:
Originally posted by Upside:
originally posted by Wallace #1:
If I caught anything I probably caught it from Will. Ever get a look at him?



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Upside
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Don't know where he lives but maybe there's a race taking place near him? Get him a load of CMKX shirts, poker chips, and other handouts.
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Upside
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No comments huh?

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will
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He's busy studying, you put him on a mission now. We'll see him next week sometime.

quote:
Originally posted by Upside:
No comments huh?


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Upside
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Ok will, a question for you. Remember when we met Anthony AKA Topogigio at the races and I asked him to "throw us a bone"? Remember he told us about the CMKX Oliver Stone directed movie but in addition he kind of whispered "buy UCAD"?
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will
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Yea, he mentioned it traded 900K shares or something?
soooooooooooo?

quote:
Originally posted by Upside:
Ok will, a question for you. Remember when we met Anthony AKA Topogigio at the races and I asked him to "throw us a bone"? Remember he told us about the CMKX Oliver Stone directed movie but in addition he kind of whispered "buy UCAD"?


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