posted
The way I see it, the SEC has only one problem right now. The accuracy of USCA reported numbers. I'm guessing it has something to do with valuing mineral rights, something that has not been allowed previously because of its speculative nature. I'm guessing someone saw the assets value increase period to period and it raised flags. If that is the case, it would have nothing to do with any other stocks.
posted
Can anyone verify whether cmkx is again trading in Canada? I saw on another board that the ban has been lifted.
Posts: 1005 | From: Grapevine, TX 76051 | Registered: Aug 2004
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posted
ucads pps has skyrocketed on prs...cmkx is .0002 only 2 things lower, .0001 & bankrupt so from the SEC's veiw the market is showing the risk by cmkx's pps, why put a hold on it. sggm hasn't said anything to increase the pps. if ppl want to put money there for no reason the SEC isn't there to say no. gemm has been in business for yrs and if the prs are right has done a few things to increase value plus the pps is .107 & has moved there from .03 not from $4 to $15
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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quote:Originally posted by bill1352: ucads pps has skyrocketed on prs...cmkx is .0002 only 2 things lower, .0001 & bankrupt so from the SEC's veiw the market is showing the risk by cmkx's pps, why put a hold on it. sggm hasn't said anything to increase the pps. if ppl want to put money there for no reason the SEC isn't there to say no. gemm has been in business for yrs and if the prs are right has done a few things to increase value plus the pps is .107 & has moved there from .03 not from $4 to $15
Nonsense. These companies are all tightly intertwined. If one is a scam then they are are all in it together. Numbers are relative. A rise from .03 to .107 is 3.56x and from 4 to 15 is 3.75x, about the same in both cases.
If your going to step in a lower the hammer because of a scam, then you hit all companies at once. They didn't do that.
This action wasn't to protect the investor world (except shorts). The timing stinks, the action stinks and the method stinks.
[This message has been edited by safeguard (edited November 01, 2004).]
posted
I guess it's time I weighed in on this, everyone else seems to have an opinion.
I for one am glad of the regulatory actions being taken. If the regulators find there were improprieties then I'd just as soon know about it now before I'm tempted to put more money into this stock. If there are no improprieties found then I'll feel good about the fact that it was at least looked into. A positive finding (for the shareholders) doesn't mean there isn't something untoward going on, or won't in the future. I suspect that regardless of the findings those who are clearly on one side or the other will not be swayed and will find excuses for the finding.
I must say that I was disappointed about the way the party turned out. I too was hoping to hear some big announcement. I honestly don't know what to make of the incident with the "irate shareholder". Whether she was a plant or truly some shareholder that was pissed off we may never know, but given either scenario it's a sad state of affairs.
So, as usual, I am sitting the fence on this, hoping for the best but fearing the worst.
posted
Relax: Last I heard Tuesday meeting with SEC. Wednesday at the earliest they expect to be able to release the postponed great news. Posts: 146 | From: FLOATING | Registered: Feb 2004
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quote:Originally posted by GHOST: Relax: Last I heard Tuesday meeting with SEC. Wednesday at the earliest they expect to be able to release the postponed great news.
Won't happen unless they make a concession that allows the SEC to drop the pps so shorts can cover (of course nothing in the meeting will be stated this way)...otherwise the meeting will stall and the trading suspension will be extended until some concession is achieved.
posted
WHATEVER He also has the power to stop the taliban
the fact of the mater is he isnt now why on earth would he reward a crook like UC in order to make one christian investor happy. Use your head and realise he does not work in that way. he wants you to work for what you get.
im done with this bull crap. this is an investment board. you want to talk religion go to the christian trader board. I dont want to talk about it so i came here
quote:Originally posted by AoneFischer: As a christian you make all decisions with prayer asking god to guide you. God has the power to make this stock rise or fall, And if he decided he wanted to bless a cmkx shareholder because they made this decision with to buy cmkx with the blessing of god ...well then the rest of the shareholders will be bless also, not a bad investment stradgey, put faith in god and not this world. just something to think about.
Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004
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posted
It does'nt work that way.Re read the bible. God is not going to make this happen to show you it does'nt work that way.God does not influence you to buy a stock.Like i said iam a christian and pray everyday.The way i take it his message was he is not a broker.NLOL
quote:Originally posted by AoneFischer: As a christian you make all decisions with prayer asking god to guide you. God has the power to make this stock rise or fall, And if he decided he wanted to bless a cmkx shareholder because they made this decision with to buy cmkx with the blessing of god ...well then the rest of the shareholders will be bless also, not a bad investment stradgey, put faith in god and not this world. just something to think about.
posted
sooo if I pray every day and then take a gun and shoot myself in the head point blank... god will find a way for me to survive?
sad sad day... got protects nobody .. why do you think all those televangelists live in million dollar homes? Where was gods wrath when Jim Backer in gods name swindled thousands of old people out of their retirement funds by preaching gods work? God gives you inner strength... it does not control the world around you.. you need to use your rational head.
quote:Originally posted by ohsnap: sooo if I pray every day and then take a gun and shoot myself in the head point blank... god will find a way for me to survive?
sad sad day... got protects nobody .. why do you think all those televangelists live in million dollar homes? Where was gods wrath when Jim Backer in gods name swindled thousands of old people out of their retirement funds by preaching gods work? God gives you inner strength... it does not control the world around you.. you need to use your rational head.
posted
Wish you God fearing people would cut the God and religious crap. If he doesn't sh:t, he cannot help you with stocks!
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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quote:Originally posted by Wallace#1: Wish you God fearing people would cut the God and religious crap. If he doesn't sh:t, he cannot help you with stocks!
posted
Wallace,no real news,just the usual,spin.Everything is fine,nothing wrong,some even buying more sheesh.The comets on the way.LOL
Posts: 942 | From: tracy,ca U.S.A | Registered: Aug 2004
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On Wednesday, October 27 U.S. Canadian Minerals (USCA) announced that the company’s 3-for-1 forward split had been declared effective. The former symbol for the company was UCAD. This restructuring of the company will allow for the pursuit of additional avenues of financing and future acquisitions. Rendal Williams, CEO of USCA, stated: “With the split and new symbol now effective, the company will continue pursuit of its goals as stated by the board of directors. We expect to have some exciting announcements in the next few days.”
Later that same day, USCA announced it completed the acquisition of a controlling interest in a new processing plant in Buza , Ecuador . The first stage of the facility is 95% complete. The first stage of the plant will have capacity to process approximately 70 tons of gold ore per day. When completed, the second stage of the plant will have processing capacity of approximately 400 to 500 tons of gold ore per day.
In the same announcement, Rendal Williams stated, “… Through our commitment to CMKM Diamonds and Nevada Minerals, USCA is working diligently to expand its production facilities to stay ahead of the processing requirements of the American Shaft gold ore production.”
The next morning, today Thursday October 28, trading of shares in USCA were suspended by the SEC until the end of day on Nov. 10. The SEC said it took action because of questions regarding the accuracy of publicly disseminated information regarding the company’s financing and mining activities and the value of its assets. However, The Green Baron Report expects the shares of USCA to begin trading again at some point next week based on what we believe are unfounded allegations against the company.
Strangely enough, it also came to light this morning that the Saskatchewan Financial Services Commission has delegated to the Director of the Securities Division for a special inquiry that was initiated on October 26. The officers of CMKM Diamonds including Melvin O’Neil are being asked to produce supporting documentation to evidence the possibility of trading unregistered shares of CMKM Diamonds back when the stock carried the symbol CMKI and CMKM. The individuals and related companies are being asked to provide a response by November 9, 2004 .
The Green Baron Report thinks now more than ever it is obvious a short position exists in the shares of US Canadian Minerals (USCA) and CMKM Diamonds (CMKX). We strongly believe we have just witnessed a consorted all out effort to tarnish the images of CMKM Diamonds and US Canadian Minerals. On the day following a statement by CEO Rendal Williams to expect “some exciting announcements in the next few days”, and only one day before a huge CMKX/USCA shareholder appreciation event begins in Las Vegas, two separate attacks have been launched with precision. US Canadian Minerals stock had also just rallied strongly again on Wednesday to close at a split adjusted $5.65 (pre-split $16.95). Anyone short this stock would have experienced tremendous losses over the past month.
Although a formal statement has not been issued in response at this hour by either company, we expect both CMKM Diamonds and US Canadian Minerals to successfully and quickly resolve any questions that are being raised by the interested parties. U.S. Canadian Minerals just got done announcing on Tuesday October 25 that it had initiated preparations for compliance with the upcoming additional requirements under the Sarbanes-Oxley Act of 2002. The Green Baron Report notes that this is typically not the type of announcement that comes from a company that has done something wrong.
It seems very odd that the Saskatchewan Financial Services Commission chose this precise moment to inquire about trading activity that probably took place a year ago in CMKM Diamonds. The Green Baron Report is convinced there are other forces at hand that do not want CMKM Diamonds to be successful, and they chose this exact moment to launch its smear campaign.
The Green Baron Report has been told that former SEC attorney D. Roger Glenn will be involved in responding to both inquiries. Again, we are confident that Mr. Glenn’s vast experience with the SEC will resolve these issues in a very timely and professional manner. In the meantime, we will gladly wait for resolution of these matters, and for CMKM Diamonds to become what we still believe will be The Stock Play of a Lifetime.
posted
Joseph posted this, so I assume its new I have not confirmed it!
Joined: 06 Mar 2004 Posts: 678 Location: Ontario, Canada
Posted: Mon Nov 01, 2004 8:12 pm Post subject: Green Baron Special Stock Update
CMKM Diamonds, Inc. (CMKX) &
U.S. Canadian Minerals (USCA)
Shareholder Appreciation Event Last Weekend in Las Vegas is a First Class Event, but No Balloons are Dropped!
Two partners of our parent company, Evergreen Marketing, Inc., attended the CMKX/USCA (pre-split UCAD) shareholder appreciation event in Las Vegas last weekend. Although we had originally anticipated that the companies’ respected attorney D. Roger Glenn would be speaking at the primary event held Saturday night, the temporary halt in trading of U.S. Canadian Minerals by the SEC last Thursday obviously put all planned speaking engagements on hold. The Green Baron Report believes a strict gag order is being enforced over all related officers and directors during the SEC inquiry period.
The party was a success in that it provided a wonderful opportunity for well over 2000 shareholders to meet one another face to face and share insight about these companies. Just about everyone agreed that CMKM Diamonds and U.S. Canadian Minerals put on an absolute first class event that included bountiful amounts of food, entertainment, and souvenirs. The individuals that organized all the weekend’s activities as well as the many shareholders that volunteered time to help should be complimented for producing the best “Shareholder Appreciation Event” one could expect or imagine.
However, the event disappointed many in that there was no public acknowledgment or explanation whatsoever to address the many concerns that we as shareholders continue to have about CMKX share structure, a filing date to become fully reporting, suppressed movement, and an estimated valuation of mineral assets. There were some people that traveled from outside the country in hopes to gain some knowledge first hand that might demonstrate a bright future. Green Baron representatives even remained curious during the event since a huge balloon drop had been rigged in front of the main staging area indicating the possibility of a blockbuster announcement. Of course, there were no speeches and the balloons did not fall from the rafters.
If is unfortunate that some of the original plans for the party were likely altered due to the seemingly consorted attack on these companies just a few days earlier. As we stated in our update last Thursday night, October 28, ”The Green Baron Report thinks now more than ever it is obvious a short position exists in the shares of US Canadian Minerals (USCA) and CMKM Diamonds (CMKX).” Upon further investigation over the weekend, we are utterly convinced that there is a very large short/naked short situation involved in the companies’ stocks. The Green Baron Report has confidence that USCA and CMKX with its massive shareholder base will emerge stronger than ever from any inquiry, and we are hopeful that the SEC will instead enforce its rules on the few that may be illegally shorting stocks.
The Green Baron representatives that were in Vegas wish to express their deepest gratitude and thanks to those that read our newsletter and support our efforts. We received an enormous amount of positive feedback from members at the party for all our work in following these companies. We do our best to provide logical and well-substantiated information about all the low priced stocks we follow, and we hope that you will continue to find our information helpful.
This may sound a little monotonous to those that have followed our newsletter since we upgraded CMKM Diamonds to our storied home page of profiled stocks last August, but The Green Baron Report again remains convinced that CMKM Diamonds is nearing a positive new stage of its development and activity. We believe that the Company retains rights on some of the most mineral rich land in the world, and it will soon be clear that CMKM Diamonds is The Stock Play of a Lifetime.
"The party was a success in that it provided a wonderful opportunity for well over 2000 shareholders to meet one another face to face and share insight about these companies." ***********************************
quote:Originally posted by GHOST: Joseph posted this, so I assume its new I have not confirmed it!
Joined: 06 Mar 2004 Posts: 678 Location: Ontario, Canada
Posted: Mon Nov 01, 2004 8:12 pm Post subject: Green Baron Special Stock Update
CMKM Diamonds, Inc. (CMKX) &
U.S. Canadian Minerals (USCA)
Shareholder Appreciation Event Last Weekend in Las Vegas is a First Class Event, but No Balloons are Dropped!
Two partners of our parent company, Evergreen Marketing, Inc., attended the CMKX/USCA (pre-split UCAD) shareholder appreciation event in Las Vegas last weekend. Although we had originally anticipated that the companies’ respected attorney D. Roger Glenn would be speaking at the primary event held Saturday night, the temporary halt in trading of U.S. Canadian Minerals by the SEC last Thursday obviously put all planned speaking engagements on hold. The Green Baron Report believes a strict gag order is being enforced over all related officers and directors during the SEC inquiry period.
The party was a success in that it provided a wonderful opportunity for well over 2000 shareholders to meet one another face to face and share insight about these companies. Just about everyone agreed that CMKM Diamonds and U.S. Canadian Minerals put on an absolute first class event that included bountiful amounts of food, entertainment, and souvenirs. The individuals that organized all the weekend’s activities as well as the many shareholders that volunteered time to help should be complimented for producing the best “Shareholder Appreciation Event” one could expect or imagine.
However, the event disappointed many in that there was no public acknowledgment or explanation whatsoever to address the many concerns that we as shareholders continue to have about CMKX share structure, a filing date to become fully reporting, suppressed movement, and an estimated valuation of mineral assets. There were some people that traveled from outside the country in hopes to gain some knowledge first hand that might demonstrate a bright future. Green Baron representatives even remained curious during the event since a huge balloon drop had been rigged in front of the main staging area indicating the possibility of a blockbuster announcement. Of course, there were no speeches and the balloons did not fall from the rafters.
If is unfortunate that some of the original plans for the party were likely altered due to the seemingly consorted attack on these companies just a few days earlier. As we stated in our update last Thursday night, October 28, ”The Green Baron Report thinks now more than ever it is obvious a short position exists in the shares of US Canadian Minerals (USCA) and CMKM Diamonds (CMKX).” Upon further investigation over the weekend, we are utterly convinced that there is a very large short/naked short situation involved in the companies’ stocks. The Green Baron Report has confidence that USCA and CMKX with its massive shareholder base will emerge stronger than ever from any inquiry, and we are hopeful that the SEC will instead enforce its rules on the few that may be illegally shorting stocks.
The Green Baron representatives that were in Vegas wish to express their deepest gratitude and thanks to those that read our newsletter and support our efforts. We received an enormous amount of positive feedback from members at the party for all our work in following these companies. We do our best to provide logical and well-substantiated information about all the low priced stocks we follow, and we hope that you will continue to find our information helpful.
This may sound a little monotonous to those that have followed our newsletter since we upgraded CMKM Diamonds to our storied home page of profiled stocks last August, but The Green Baron Report again remains convinced that CMKM Diamonds is nearing a positive new stage of its development and activity. We believe that the Company retains rights on some of the most mineral rich land in the world, and it will soon be clear that CMKM Diamonds is The Stock Play of a Lifetime.
Thanks for the report Ghost.
[This message has been edited by Esteban (edited November 01, 2004).]
Posts: 259 | From: Rogers, AR | Registered: Oct 2003
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