posted
Ok then, based upon what we do know about the company and its partners, would you be buying or recommending it?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
I have learned a lot about pink sheet stocks through this.
When CMKX ran before it was potential news that fizzled. If it had been real it would have run much longer.
If CMKX runs based on assets known through a filing I believe it will last. Selling at .001 might be to early this time. Maybe the first buyback opportunity would be .005 or more. Depending on the news.
Right now it seems the USCA filing is helping CMKX.
1. USCA being cash flow positive shows it can sustain what it is doing.
2. Though no profit yet, revenues from Ecuador seem to be helping.
Posts: 279 | From: Neodesha Ks USA | Registered: Jun 2004
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posted
I'm not trying to rope you into anything here legal, just trying to get a feel for what people really think about this stock. My initial purchase was based on the off chance of them actually finding diamonds of value. That was long before the 800 billion share story came out, the naked short theory, the buy out theory, and all the other ones. Lately though it seems that everyone is only focusing on the naked short theory once again, and diamonds have become a thing of the past. By the way, what did you see in the 10-Q that makes you want to buy USCA?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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quote:Originally posted by Upside: I'm not trying to rope you into anything here legal, just trying to get a feel for what people really think about this stock. My initial purchase was based on the off chance of them actually finding diamonds of value. That was long before the 800 billion share story came out, the naked short theory, the buy out theory, and all the other ones. Lately though it seems that everyone is only focusing on the naked short theory once again, and diamonds have become a thing of the past. By the way, what did you see in the 10-Q that makes you want to buy USCA?
POTENTIAL + Low PPS = BUY
[This message has been edited by legaleagle (edited November 16, 2004).]
posted
Everyone is focusing on the naked short "theory" because the brokerages are unable to come up with enough dividend split shares to fill their accounts. Some of the brokerages are refusing to place "markers" in the accounts only to be left holding the bag. IMO
[This message has been edited by legaleagle (edited November 16, 2004).]
[This message has been edited by legaleagle (edited November 16, 2004).]
posted
Aside from the purported revenue from the gold,CMKX said they were tring to get fully reporting in pr's.I'm NOT telling any one buy by any means,but insted of worring how high you got in CMKX.Why wouldn't you want to average down?
Upman it cracked me up that day you bought more CMKX @.0005.All those days(some posts classy,some posts not so classy.lol) you spent bashing this stock when it was @.0001.
In a sence,I go on my gut alot of time with stocks.When I want to puke is when I like to buy.
And when alot of people were pukin' on CMKX is when I got in on CMKX @.0001.Ofcorse it's a risk,but I bought in for the long haul.And yea 1/2 my shares are free,give or take.I haven't much to lose.But since I got in, I learned alot via CMKX.Wich has been worth more to me then the divvys.
Good luck everybody.
[This message has been edited by highwaychild (edited November 16, 2004).]
Posts: 2634 | From: The highway | Registered: Feb 2004
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quote:Originally posted by Upside: originally posted by legaleagle: Potential is debatable but the pps is anything but low. Based on todays close it's at a split adjusted $9.30. That's up there.
I expect it to trace lower tomorrow morning. $9.30 is down $6.00 from it's pre-split high.
posted
JRAIDER wrote "have learned a lot about pink sheet stocks through this. When CMKX ran before it was potential news that fizzled. If it had been real it would have run much longer.
If CMKX runs based on assets known through a filing I believe it will last. Selling at .001 might be to early this time. Maybe the first buyback opportunity would be .005 or more. Depending on the news.
Right now it seems the USCA filing is helping CMKX.
1. USCA being cash flow positive shows it can sustain what it is doing.
2. Though no profit yet, revenues from Ecuador seem to be helping."
Sorry there was no revenue or profits!!!! THIS IS FROM THE Q report"The Company has achieved no significant revenue or profits to date, and the Company anticipates that it will continue to incur net losses for the foreseeable future. The Company incurred a net loss of approximately $ 3,895,131 for the nine months ended September 30, 2004, compared with a net loss of $ 2,108,333 for the nine months ended September 30, 2003. The Company is in the third year of product development, with an accumulated net loss during the development stage of approximately $ 18,911,615. .
The quarter's activities were financed primarily through sale of restricted common stock. "
quote:Originally posted by highwaychild: Aside from the purported revenue from the gold,CMKX said they were tring to get fully reporting in pr's.I'm NOT telling any one buy by any means,but insted of worring how high you got in CMKX.Why wouldn't you want to average down?
Upman it cracked me up that day you bought more CMKX @.0005.All those days(some posts classy,some posts not so classy.lol) you spent bashing this stock when it was @.0001.
In a sence,I go on my gut alot of time with stocks.When I want to puke is when I like to buy.
And when alot of people were pukin' on CMKX is when I got in on CMKX @.0001.Ofcorse it's a risk,but I bought in for the long haul.And yea 1/2 my shares are free,give or take.I haven't much to lose.But since I got in, I learned alot via CMKX.Wich has been worth more to me then the divvys.
Good luck everybody.
[This message has been edited by highwaychild (edited November 16, 2004).]
It's been a learning experience for those who were supposed to already be knowledgeable, brokerages, MM's, Wallace1, etc.
[This message has been edited by legaleagle (edited November 16, 2004).]
posted
I will be shorting this one as soon as possible. Ridiclously high valuation- if youn read the Qreport you find they have been issuing shares to beat the band. This stocks valuation is probably around 100, 000,000 . If you dont see something wrong with that picture you are looking the wrong way or you dont know how to read a filing. Seems they are valuing their minerals rights at 63 million or so. I guess if you pay that much for worthless claims then they are still worth what you paid for them, according to their accountants anyway. LOL
Posts: 443 | From: Valemount | Registered: Dec 2003
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quote:Originally posted by BCmouser: I will be shorting this one as soon as possible. Ridiclously high valuation- if youn read the Qreport you find they have been issuing shares to beat the band. This stocks valuation is probably around 100, 000,000 . If you dont see something wrong with that picture you are looking the wrong way or you dont know how to read a filing. Seems they are valuing their minerals rights at 63 million or so. I guess if you pay that much for worthless claims then they are still worth what you paid for them, according to their accountants anyway. LOL
Please come back and let us know how that works out for you.
posted
Might work out well, might not. Can it even be shorted now that it's a pink?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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You wrote: "It's been a learning experience for those who were supposed to already be knowledgeable, brokerages, MM's, Wallace1, etc." ********************************
LMAO, legal. Surely there must be many more who have learned through my wisdom. LOL I told you a long time ago that I thought the whole thing was a SCAM, remember? Now, you need to be taught the lesson twice by buying into USCA? Man, you learn the hard way! LOL
Here's a good one for you and IMO you are not likely to lose your badge.
VFinance Inc (VFIN). Net Income for the 3rd Q was down due to natural factors and the poor economy, but they did not lose money. For the 9 mos., Net Income was up to $2mil+ (.07/sh) vs $8.9K (.00/sh). It closed today at .19...went lower but climbed back up. Acid test ratio is about 2.5:1...sitting there with $4+ mil in cash. No notes payable or long term debt...they paid off $1.5 mil. Shareholders' equity quadrupled. It's 52 wk high was around $.55.
Try it, you might like it!
Must leave now after dropping that pearl!
[This message has been edited by Wallace#1 (edited November 16, 2004).]
posted
Osnap...Do you know how foolish you sound yelling SCAM? Even my friend Wallace who is perhaps the most negative poster here would not insist that this is a scam...at least I don't think he would. Correct me if I'm wrong Wallace. Osnap...take a look at the organizational chart of this "mess" that is being put together. Consider that, at least tacitly, the SEC by not extending the suspension of usca found nothing wrong. Consider the 10Q filing and anyway you hack it, it comes up NO SCAM.
Posts: 1005 | From: Grapevine, TX 76051 | Registered: Aug 2004
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Whats so funny is all the rationalizations that went over.... "Why would there be a shareholders party if there is no news...".... "geologists eyes lit up.." ... "mt st helens...." "the divedends is like free cash(to bad they ain't worth JACK and will be worth less than jack if the restrictions are ever lifted)" "we have uranium!!!" "for all the million millionares we are giving away a free kia ..." " oreo cookie" "Urban loves his shareholders..."
LOL you stoooges got burned!!!! and I told you so way back in June! IDIOTS.. if we were all going to be millionares back in June why the HELL does Melvins wife need a fund setup to pay for treatment??? simple.. SCAM!
Not one iota of info other than bull**** shell deals between family members were money is paid to a member that turns around and reinvests in the company... S C A M!!!
The most credible partner cmkx has was halted and is now a pinkie with HUGE operational losses.. SCAM
dormant shell company all of a sudden coughs up huge cash out of nowhere... SCAM
Not a single PR on what the hell cmkx is doing... S C A M! Carolyn second results in 2 weeks ... now 3 months later.. S C A M
Second core samples locked away and results will be given soon ... now 7 months later... S C A M
original results are diamond ferous... oh yeah but the diamonds were micromillimeters... S C A M O L A as it proves what a bunch a lying scum bags those idiots are..
god damn they run their operations out of a abondoned address in Nevada S C A M!!!!!!!!!
posted
Osnap... you're a little stirred up there aren't you? You have a right to your opinion. However, as far as I know, you are not an officer of the company so most of what you claim to be scam is just your opinion. You are speculating as to the legitimacy of this company. Some of us are speculating as to it's value. Let us dream. Most of us only put cookie jar money in this and can afford to lose it. I have been entertained by this stock to the nth degree.
BTW...Do you even own one share of cmkx or any of its partners? Just wondering?
"Even my friend Wallace who is perhaps the most negative poster here would not insist that this is a scam...at least I don't think he would. Correct me if I'm wrong Wallace." ******************************************
Just a quickie, dwman (my good friend), to answer your statement. Then, must go help a neighbor put in a hot water heater.
1) "...perhaps the most negative poster" How can you say that when legaleagle is around? LOL 2) CMKX sure as hell looks like a scam, but have no absolute proof yet...except for their track record. 3) USCA is beginning more and more to look like they are in that same bed, especially if Dhonau is the key stockholder. Nothing about that company that I have seen warrants a pps little more than CMKX's. Again, it's the track record of both the company and it's people. 4) Those JVs that are involved with as well as companies they both have made deals with appear to be in the same boat from a financial and ownership point of view.
I just cannot get any more positive that that. Sure wish, for your sake and many others, I could see the whole thing differently.
PS: In all fairness to "ohsnap", I think I might have been known to say I feel they are scams. Unless they (the companies and their owners/management) prove to the contrary, I see no way such a conclusion can be ignored.
Restricted securities are securities acquired in unregistered, private sales from the issuer or from an affiliate of the issuer. Investors typically receive restricted securities through private placement offerings, Regulation D offerings, employee stock benefit plans, as compensation for professional services, or in exchange for providing "seed money" or start-up capital to the company. Rule 144(a)(3) identifies what sales produce restricted securities
[This message has been edited by legaleagle (edited November 17, 2004).]
[This message has been edited by legaleagle (edited November 17, 2004).]
quote:Originally posted by dwman: Osnap... you're a little stirred up there aren't you? You have a right to your opinion. However, as far as I know, you are not an officer of the company so most of what you claim to be scam is just your opinion. You are speculating as to the legitimacy of this company. Some of us are speculating as to it's value. Let us dream. Most of us only put cookie jar money in this and can afford to lose it. I have been entertained by this stock to the nth degree.
BTW...Do you even own one share of cmkx or any of its partners? Just wondering?
and you are a nobody that seems to be to respond to my posts in 30 minutes like a pizza boy.. ciao Mr. Nobody.
posted
legaleagle Member posted November 16, 2004 19:14 --------------------------------------------------------------------------------
quote: -------------------------------------------------------------------------------- Originally posted by bill1352: ya know up...it gets me that a few in here keep lighty pumping cmkx when they sit on free shares. ppl like us would love to be sitting on free shares. but when it closes probably between .00025 & .0003 but you can't sell at .0002 for a 50% loss how can even ppl on free shares say all is good. it would be great if the pps rose but i'm betting it will be back at .0002 in the morning. it would be great if the faithful could run the pps up close to .001 again & us unfaithful could get out with a profit. i know i'd be gone. --------------------------------------------------------------------------------
If you really want it to run up, so that you can get out, why do you keep posting "dread scenarios" and trying to scare people out or away?
[This message has been edited by legaleagle (edited November 16, 2004).]
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sorry i missed this post when it happened. to answer your question it's called honesty. it's best friends are truth & reality
posted
osnap, did you not see my apology before you called me a nobody? Just curious.
Posts: 1005 | From: Grapevine, TX 76051 | Registered: Aug 2004
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posted
its the second gemm dividend truth. the first was from the first deal second is from the option which they just exercised a month ago. what has me wondering is the option called for 30 million or so more shares yet the split number is the same but of course 30 million split 780 billion times wouldn't change it much. it baffles me in how 3 dividends split to all shares comes out around 780 billion 1 is twice that yet ppl still say they need to wait & hear from cmkx as to the o/s. cmkx has told us the o/s 3 times with dividends.
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
Even more baffling is that the TA for GEMM, Fidelity Transfer is reporting that neither distribution has even been sent out yet. So why are the shares already in some accounts? Verify: 1-801-484-7222
Posts: 2375 | Registered: Nov 2004
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