This stuff poped up in my e-mail but that's ok.I thought you all might want to read it...{"With 10% of CMKX going to UCAD for $111,750,000 one would tend to
believe that at the very least CMKX would have a "market value" of
$1,117,500,000 dollars or .00143 + per share price."}
CMKX Spin Off's
« Thread started on: Today at 5:04pm »
It is a pleasure to be able to share information with everyone on
the board. This is just a thought I was kicking around this morning.
I would like to bring to light an observation and some information
that others may have possibly overlooked. This has to do with CMKX
value, shareholder value, and market values. I am no accountant by
any stretch of the imagination so be gentle. If CMKX is dispensing
all of the shares they are receiving from UCAD, GEMM, and CIM then
the company is not increasing in value, but rather decreasing
because they are giving up cash and percentages of the company and
retaining little in return. In short, we as shareholders actually
receive the increase of the value that the company has decreased in
value.
Usually a dividend is paid out of revenue generated by the operation
of the company and not a sell off of the company's assets. Dividends
typically come from revenue generated, but when it comes out of the
company's capital it is considered differently. If it is revenue
being distributed then the company does not decrease in value but is
actually sharing the profits generated. We are actually receiving
Spin Off's from CMKX which can easily be confirmed by your broker. A
Spin Off by definition occurs by a corporate action through which
the corporation divests an asset or assets by distributing part or
all of the asset(s) to its shareholders. These assets are typically
equity ownership in another entity such as the 7.5 million shares of
UCAD that CMKX received in payment for 10 percent of the company.
What would be expected with a Spin Off would be the same with other
forms of similar corporate distributions and that being that the
value of the shareholder's original shares is reduced by the value
of the asset received. The market value of the shareholder's total
investment, however, remains unchanged.
Typically a Spin Off will reduce the share value in the market place
for the company releasing the assets to the shareholders, but the
shareholders value remains the same due to the value of the assets
received.
For example, in a typical Spin Off we will assume that there are
100,000 shares of URBAN Co. common stock outstanding and that each
share has a market value of $100 per share. The total market value
of URBAN Co. is $10,000,000.
100,000 O/S X $100 per share market value = $10,000,000 Total Market
Value
On top of this let us assume that URBAN Co. owns 100,000 shares of
MELVINS Resources, Inc., valued at $30 each. URBAN Co.'s equity
investment in MELVINS Resources, Inc. is worth $3,000,000
100,000 shares X $30 per share market value = $3,000,000 Total
Market Value
URBAN's Co $10,000,000 market value includes the $3,000,000 TMV from
MELVINS Resources Inc.
A Spin Off from URBAN's Co., of its MELVIN's Resources Inc. shares
held to it's shareholders would reduce the market value of Urban's
Co by $3,000,000. This would be seen in the market place as a
reduction in the PPS of URBAN's Co., from $100 per share to $70 per
share because of the $30 per share valuation reduction by the spin
off.
In CMKX's case this is really being manipulated by the market
makers. Currently we have a market valuation of .0002 per share of
CMKX. CMKX received 7.5 million shares of UCAD for a 10% buy in.
These UCAD shares are trading in the market place as of close Friday
at $14.90 per share. The value of this Spin Off could be calculated
to have a value of: 7,500,000 x $14.90 = $111,750,000
If the Spin Off ratio were correct (I don't believe it was) then we
could calculate an O/S for CMKX of near 779 billion. CMKX is trading
at .0002 in the market place as of the close Friday. The market
value of CMKX would be estimated to be:
779,000,000,000 x .0002 = $155,800,000 total market value for CMKX
This means we watched CMKX give out over 60% of its total market
value through the UCAD dividend and the market value of CMKX did not
drop an hundredth of a cent. If we are seeing a normal market flow
then the CMKX market value ($155,800,000) would have been reduced by
the $111,750,000 given away in the Spin Off. If the O/S of CMKX were
558,755,000,000 or less then CMKX would have given away over 100% of
its market value. Something is definitely wrong on Wall Street.
With 10% of CMKX going to UCAD for $111,750,000 one would tend to
believe that at the very least CMKX would have a "market value" of
$1,117,500,000 dollars or .00143 + per share price.
Add to that the CIM Spin Off, the GEMM Spin Off, and the SGGM 200
billion restricted shares in the company's possession, and 1.9
million acres of mineral rights per my conversation with Melvin two
days ago, then we can easily see that CMKX is way undervalued in the
market place based on the value and percentages from the Spin Off's
alone and the adjustment will come very soon in my opinion.
CMKX is under heavy market manipulation in my opinion and will begin
to break loose in the near future as the CMKX plan continues to
unfold.
These are just my opinions and I hope that you treat them as such.
Success is at hand.
Dr.D
----------------------------------------------------------------------------
33 reasons...
correct & after the sec deal took >>> 10 days expect at
least that long w/the clock ticking after the sec deal was over and
not knowing the details of that situation I expect no sooner than
late next week maybe mid following that week but who knows? i am
trying to take advantage of the low price for extended period of
time and accumulate during this period...been here for 2 years can
wait some more...look back at the beginning of the year and ask
yourself what has changed...
1. JV's enetered into
2. Extensive survey completed w/hundreds of targets(filtered)
3. Uranium
4. ESPN & racing exposure via National TV
5. Shareholder base building...huge!
6. USCA Dividends
7. 3/1 USCA Dividends
8. GEMM Dividends
9. Millions of dollars for further exploration
10. Company aquires 200 BILLION shares of SGGM (why)!
11. CIM dividend
12. Party w/news but maybe holding off for moment
13. SEC clears USCA for trading(approval stamp)?
14. CMKX volume huge no halt
15. CMKX runs to .0012 within days
16. Roger Glenn comes on board (HUGE)!
17. South America Gold production announced w/JV
18. Roger Glenn announces working to become fully reporting
19. Zinc find looming?
20. Other minerals to follow
21. DeBeers & partners find huge diamonds nearby
22. Discovery Channell shows the promise of diamonds/Sask
23. Oreo size pipe or pipes referred as?
24. Carolyn pipe sampled w/results still to follow
25. More rigs purchased
26. Further drilling at new site/sites ongoing 24/7 ??
27. Additional crews to follow?
28. Bashers coming out of woodwork to save us from .0002
29. New IR person...way to go Oaks
30. another day passes and drills are still drilling
31. o/s and float are held tight as aces in the hole
32. HOLDING 1.9 MILLION ACRES m/l
33. One uptick = 50% gain from this level.
If I missed anything I wouldn't be suprised...lol
If you looked at this as an investment instead of a quick play you
might say WOW , has any other mining co. moved so fast in a one year
period or hold so much potential !!!!$$$$ You can bet many players
are watching...IMHO
HOLD TIGHT--IT WILL PAYOFF!!!
=========================================================================
And this...
There is MUCH debate as to whether this ratio is
1) for the SECOND GEMM distribution which was previously announced
to be distributed on 30 Nov 04'
- OR -
2) a REVISION of the FIRST DISTRIBUTION ratio with a DELAYED
distribution date (due to the fact that some allege that the
Traansfer Agent is supposed to have said that they have NOT yet sent
out the dividend shares - further meaning that the designations for
RESTRICTED GEMM shares in the accounts of CMKX holders are merely
electronic markers -
here is the thread at Cunuck's started by George Burns:
*CRAPCON : 1*
I am going to try to sum up what is all running through my head
right now of what MIGHT be happening.
*
Melvin. lol. He has been right about a lot of things. If you don't
believe me... run through the post history on this board an look at
some of the things Melvin has said that came out to be true. This
post is not really about Melvin... please don't respond to that part.
*
I THINK the lack of news and progress is because of the Saskatchewan
halt. (partially caused by melvin... I think this wasn't thought to
be a problem by the company as we are pinksheet in the US... and
exempt from regulation FD. I don't think the company had thought
about the possibility of this happening in SASK)
ORDER
"1. Pursuant to clause 134(1)(d) of the Act that trading in all
securities by and of
The Respondents cease forthwith up to and including November 9,
2004; and
2. Pursuant to clause 134(1)(a) of the Act, that the exemptions
contained in sections 38, 39,
39.1, 81, 82 and 102 of the Act and the exemptions contained in The
Securities
Regulations, R.R.S., c. S-42.2 Reg 1, which provide for exemptions
from the
requirements of sections 27, 58, 71 or 104 to 109 of the Act, shall
not apply forthwith up
to and including November 9, 2004, with respect to any trade in
securities by the
Respondents."
I THINK that something in Saskatchewan requiring a transfer of CMKM
shares to some other companies is required for completion of
the "secret master plan." lol I said it... secret master plan. I
think CMKM calls it, "Integrated Business Plan."
*
With USCA... what happened?
We gave them stock via Nevada Minerals. 75 million for 60% of claims.
Urban and the family bought 3 million shares from USCA.
USCA used the funds to exercise the option with CMKM.
USCA gave CMKM 7.5 million shares for the initial purchase of CMKM
claims.
Sums up to... CMKM acquiring Majority interest in USCA via private
placement and stock exchange.
When the Saskatchewan halt of trading is over...
I THINK... CMKM will gain controlling (or some) interest of Shane
Resources, Consolidate Pine Channel, and United Carina via private
placement and stock exchange. A stock exchange which can not occur
at this time because of the Saskatchewan order. The private
placement has already occured.
04 NOV 04 United Carina flow-through, non-flow-through financing
Cons Pine closes $200,000 private placement
10 NOV 04 Cons Pine closes $200,000 private placement
04 NOV 04 Cons Pine Channel flow-through, NFT private placement http://www.sedar.com/csfsprod/data49/filings/00690510/00000001/u%3A%
5CNRshane.pdf
I THINK there are other companies that will be in a similar
situation with CMKM in the near future. I will not disclose their
names at this time. (The above companies I can't buy. The other
companies I can, so I won't disclose until after I purchase. (I made
that mistake before)) Of ... course.... this is all just stuff in my
head. These are my nutty thoughts and are complete crap until proven
otherwise. I KNOW NOTHING.
You can look at the PRs for more information.
1/7/2003 CMKM PR:
"Fourth, CMKI, as previously announced, plans on approving at its
majority shareholder meeting a mandatory share and cash dividend
policy. The share dividend policy reflects the Company's acquisition
strategy that identifies undervalued take-over targets in mineral
resource and related businesses. The Company is currently evaluating
7 companies each of whom will benefit from new managerial economic
assessment, asset appraisals, accounting peer review and legal
restructuring."
"Seventh, CMKI believes that its acquisition strategy, spearheaded
by the Casavant Family, will require the addition of a seasoned
management team. Accordingly, the Board of Directors has nominated
Jay McFadden to become Vice-Chairman and Chief Executive Officer,
David Bending as President and Chief Operation Officer, and Rick
Taulli as Secretary. Messrs. McFadden, Bending and Taulli are
currently affiliated with Juina Mining Corporation. See www.juinamining.com
(Where do these guys work now?)
1/8/2003 CMKM PR
"After acquiring Juina Mining Corporation, it became clear to all of
us at CMKI that these gentlemen were first team. I look forward to
working with them on all of our current mining projects and
acquisitions in the future."
(AFTER?) lol
*
The current share structure sucks or I THINK it does.
Way too many shares. Reverse split... I don't THINK so.
Share buyback and retirement... I think yes. Retiring shares from
the current O/S. Buying back shares from the current float.
The dividends we have seen on the otcbb website have been correct
and will be correct. CIM was given pro-rata in the sense that it is
half now and half later. They could not have given the full amount
as the DTC would have rejected it and given it back to the company.
20 billion now... 20 billion later. Anybody that has said that they
are giving CIM to the naked shorts is crazy. Including myself, who
thought that in the past. They give dividends based on the books.
Naked shorts are not in the books.
The dividend record dates and distribution rates make it looks as
follows for the O/S:
08/20/2004 782,710,706,860
08/31/2004 781,250,000,000
10/01/2004 778,527,977,501
This includes the round up shares for UCAD and the pro rata dividend
of CIM.
Slowly reducing the O/S in size. I think this was a slight
indication as to what has been happening since the last dividend
record date that we know the ratio for that we know was real.
Remember... The first GEMM has not been distributed. The second GEMM
hasn't either. Second GEMM or Second CIM are going to be slammers I
THINK. Go to www.investopedia.com and read about issued and
outstanding. When can the issued and outstanding differ?
*
Why would CMKM not go ahead and file? When they file... EVERYTHING
has to be in that filing... not just the O/S. Things aren't that
simple. The filing is going to be awesome, I THINK.
I THINK the filing will show...
HUGE share buyback and retirement.
MANY acquisitions.
Profits.
*
I was originally in this play for the short squeeze. I have since
started looking at the mining aspects and values of them. I am
longer now than before. I THINK the short squeeze is going to
happen, no sweat. Now I am switching my DD mode from short squeeze
to mining and acquisitions.
*
I THINK Crystalix will be the physical retail front for Casavant
Diamonds. (possibly the folks use the laser to put the serial number
in the diamonds too, so the world knows they are from Canada.)
I THINK (XXXXXXXXXX) will be the internet retail front for Casavant
Diamonds.
*
I am a craptoligist.
-burns
----------------------------------------------------------------
burns said: {"The first GEMM has not been distributed."}
How can that be? Me and several others already did get a GEMM
dividend according to the published rates. Up till this moment they
are in my account. Strange?
-------------------------------------------------------------------
According to what george wrote and the company has PR'd The buyback
has been going on for over a year. So this would mean that the 778
billion current O/S of 10/1/04 contains what is left of Company real
shares and the MM's NSS and there are probably a lot more NSS in
that number than Company shares.
Jim
(JMO)
and that probably makes Melvin correct when he said "we're shorted
out the begeeeeeeeesus."
-------------------------------------------------------------------
by Fire_Hawk:
I like everthing your saying george, but what makes little sense to
me is the following;
If a major (or significant) share buyback & retirement is going on,
the MMs should notice a significant buying pressure and if they
truly are worried, the PPS would slowly give way. In the past month
we have been stuck at .0002.
Are you suggesting that either:
1) MMs are clearly retarded and continue to sell their long shares
at these levels regardless of the large buying pressure
or
2) MMs continue shorting us, despite the buying pressure.
This doesnt seem to add up, the MMs arent stupid.
Your thoughts on this.
-------------------------------------------------------------------
by burns:
It didn't make since to me .... until...
Wrote that a while back so some of my views have probably changed...
but it shows how a float buy back could happen while keeping the PPS
down.
--------------------------------------------------------------------
to a reply pointing out the first GEMM Div is ALREADY distributed,
burns says that the FIRST GEMM DIV has NOT been distirbuted
{"But it hasn't. (per the otcbb and the transfer agent)"}
I am saying... your borker doesn't have certificates for GEMM
because they were never sent by the transfer agent to the DTC. The
company changed the distribution date.
http://www.otcbb.com/asp/dividend.asp?sym_id=cmkx
the top blue box is the new dividend information for the FIRST GEMM
dividend.
The second box is the old information for the FIRST GEMM dividend.
There is no information for the SECOND GEMM dividend.
-------------------------------------------------------------------
GB: Thanks for the quick and to-the-point answer. As I interpret
what the OTCBB and Transfer Agent have been saying, the SECOND divi
of GEMM hasn't been paid yet. Assuming for the sake of analysis that
I'm right, does it change your opinion as to what is transpiring? I
don't think it does, but I would be interested in hearing what you
think. Thanks in advance.
------------------------------------------------------------------
by burns: No it doesn't change what I think is transpiring.
NEITHER GEMM Dividends have been distributed yet.
---------------------------------------------------------------------
see thread for more replies continuing the discussion & debate
===================================================================
[quote author=georgeburns
link=board=general&num=1100854102&start=7#0 date=1100856518]
I think the share buyback from the float has been going on for a
while and since 10/1/04. Retirement can be done in one day.
[/quote]
BINGO!!, YOUR BRIANIAC-NE$$ !!
suppose that CMKX becomes fully reporting and puts out news sometime
between the close on Thursday 25 Nov and the open of Tuesday 30 Nov
2004 which discloses the OS
Now, suppose that Dr Diamond has been speculating CORRECTLY that the
true CMKX OS is somewhere around 200 Billion - He had been saying
186 Billion to be precise, before the USCA halt before the Vegas
Party.
What does that mean?
That means that all the dividends distributed to date are only 25%
of those yet to be distributed - for each stock: USCA + "CIM" +
GEMM - if I understand Dr D correctly.
That would mean that we would need to multiply our current dividend
share holdings by 4 to arrive at a correct number for the
distributions ALREADY ANNOUNCED in PREVIOUS PRESS RELEASES.
The above would be IN ADDITION to the PPs of CMKX probably ZOOOMING
somewhere close to the $0.0025 number some (like Sterling & our own
Burnsie here) have derived from the USCA 10QSB released 16 Nov 04.
From $0.0002 a CMKX move to $0.0025 = a Gain of 1150%
PLUS 3x OUR current DIVIDEND SHARES IN ADDITION TO THOSE ALREADY
DISTRIBUTED.
--------------------------------------------------------------------------
And this...
MESSAGE TO ALL
MARKET MANIPULATION...A HUMAN ACTIVITY OF ALL AGES
This is a post I expected to never compose. By this date, I felt
certain, the great and historic price rise would already be
underway. Every where I surf, the question pops up...is this pup
ever going to rise? I find human psychology fascinating along with
history. The 2 are connected and the connection will never break.
Do you know why history repeats itself? Historical events repeat
because human behavior continues to bring about the same type of
events, century after century, generation after generation...mistake
after mistake. Why? Each generation fails to heed the lessons of the
prior generation and as the saying goes, fail to learn from the past
and you are condemned to repeat the past mistakes. And the stock
market is not immune to this tragedy.
CMKXers are in this manipulated security and sort of feel that this
criminal activity is sort of unique to the 21st century. We need to
face the reality that our present state is just another instance of
market manipulation, and once recognized as such, perhaps we can
learn from the past.
I will extensively quote from How To Make The Stock Market Make
Money For You by Ted Warren. Ted Warren learned from hard knocks
being that he was not blessed with a formal education in investments
such as at Wharton or Harvard. "My education and understanding of
market manipulation and the psychology of the public came from the
many years of speculating in commodities. During this struggle to
success, using charts from which I formed my opinions in initiating
a trade, my worst enemy was my emotions. When mine and my wife's
hard earned money was involved, fear became my master. Too often
fear caused me to take losses because I feared having to take larger
ones. Fear can come under different disguises and the masters of
manipulation are experts at instilling fears." These words he wrote
back in 1965 about his experiences before the 1930 market crash. He
experienced market situations have common features with CMKX. So
listen to his words and learn from a man who eventually made
millions adjusted for inflation.
"What I had not learned was that the public will sell at any price
when they are scared or when they are pressed by margin calls, or
for many normal reasons when they are in dire need for cash." This
week we have good reason to believe that CMKX shareholders dumped
their shares the day UCAD opened after the halt. If they were aware
of the following they could have learned from a real pro who
invested in stocks before the 1930s and up to 1966. Listen and learn
and do not repeat the mistakes of investors in the 30s, 40s, 50s,
and 60s!
"A base is formed during a period of accumulation. This is when the
insiders and others in the know are buying the stock at bargain
prices. Sound bases are easily seen when the prices of stocks have
been extremely quiet in a low range for a period of at least three
years." Ted never invested in pennies, and we know that the time
line for a penny is abbreviated. "A stock is never a bargain unless
it is in a range where it is changing from weak hands to strong
hands, changing to those who KNOW what they are doing, and why."
"But few people realize that a quiet base of many years is the
foundation for a high rise, not for a mere rally. These foundations
and their built-in strength is derived from inducing the public to
sell out. The higher percentage that are sold out, the sounder the
base." What does a base look like on a chart?:
x x
x x
x x
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The xs represent prices, prices declining into a base and the
eventual breakout. During the base, investors ask,"Will this pup
ever rise?" You are falling prey to: "When a stock appears unable to
rise above an apparent resistance level, this is almost positive
proof that it eventually will because this action induces public
selling." I have been preaching to people that they ought to be glad
the price is lagging down at this .0002 level because it bestows
upon them the privilege of buying bargain shares. Three weeks ago I
snapped up another 6 million shares and plan on buying another 4-6
million in the next 7 days. How can I be so confident? Due Diligence
and the knowledge you are gaining in this treatise on market
manipulation.
"During these long quiet periods the manipulators are quietly buying
while the public are selling their stock from fear that they will go
lower, or in disgust-at a loss. These bases have been forming
periodically over the years, but few people recognize them as such.
Note that the bases of Powdrell and Alexander ending in 1954 are
almost identical in action and period of time involved. PDR
developed a fourteen month resistance level that as usual proved to
be false. These two charts should convince you that very often stock
price actions are only history repeating itself. A base similar to
these and others that are pictured as strong bases will be just as
sound and reliable fifty years from in other stocks as they were in
the past." He is speaking to us, CMKXers in 2004.
"To be a successful investor you must learn to recognize what kind
of action is discouraging and then form a contrary opinion. You must
learn to ward off the pessimistic sentiment that is bound to rub off
on you. A milestone in yuour life will be the time when you have
learned to immunize yourself against the influence of market actions
and are able to think in terms that are opposite to the general
public." In several posts I pointed out to people to stop focusing
on the price and focus on the progress or lack thereof. Why? Because
shorty is a pro at whipping up your emotions and manipulating you
into selling through dropping the price and bashers.
"There is no better proof that a stock will go up, than when it acts
as if it can't. To the average market addict my explanations seem
contrary to popular opinion. After giving my version of why certain
long range actions(bases)give the stock technical strength, he will
invariably ask, What makes you think the stock will go up? He looks
at quiet bottom actions with suspicion. He looks for a fundamental
reason for it being so low. Is the company's business dropping off?
Maybe they are going to cut their dividend?" I got a kick out of
cutting the dividend! Maybe that is why CMKX isn't rising?!!!
The above chart pattern is also called a saucer bottom due to its
resemblance to a saucer. You naturally should ask me, "What proof do
you have that CMKX is under accumulation which occurs during this
basing period?" There is a web site which clearly shows CMKX is
indeed under accumulation. Perhaps someone can post that for me. And
question number 2, "How do we know the smart money is buying during
this accumulation period?" Just tonight someone posted the
institutions currently having positions in CMKX. In October and
November, the number leaped to 7 or 8. The word is getting out about
CMKX, and the real professionals are conducting their own DD, and
are demonstrating that posters like myself, Bill, Sterling, etc must
be on the right track with our confidence. These money managers are
true professionals, on the level of Dr. Diamond, and they know how
to dig up facts that 99.99% of investors lack the ability.
The bashers continue to spout their outrageous comments, and more of
you like amateurs are, out of emotional distress, are selling.
Whenever you have doubts just focus on the facts that evidently, the
professional money managers rate as pivotal:
1. 1.9 million acres.
2. Our JV partners.
3. Glen and Co.
4. The gold mine in Ecuador which is now in production.
5. The Brazilian diamond concession which has already experienced
extensive drilling by Debeers, proving about 4 billion dollars in
diamonds.
6. The bargain basement price.
7. A short position which imo is absolutely proven to exist.
8.etc.
Do not repeat the mistakes of prior investors who were shaken out of
the above 2 stock examples just prior to their impressive breakouts
and subsequent rises. This time, become part of the smart money who
knows about saucer bottoms, market manipulators, and most
importantly conducts extensive due diligence.
========================================================================
And this,hell I'm king of the reposters tonight...
How long will CMKX continue to trade at the artificially suppressed
price we currently sit at? To be perfectly honest, I don't see
things changing anytime soon. Until Urban and Roger have moved
beyond the regulatory phase and into the valuation phase, I don't
believe it is in our best interests for the company to release any
information of impact. It would be too easy for the manipulators to
push CMKX back down to the cellar.
Using Urban's business model as an outline, I have separated CMKX's
key events into a series of ongoing phases. Doing so has made it
easier for me to see the following:
a) The Big Picture.
b) The importance of each phase.
c) That each phase builds upon the preceding one.
d) That each phase MUST be taken in order.
e) The tremendous progress to date.
f) The need for continued patience.
In my opinion, the coming chapters of the CMKX saga will be much
more exciting and profitable than the current one. Thus, it is
critical that we allow events to unfold in their natural order and
we should not attempt to accelerate the pace at which things unfold.
Furthermore, I believe most of us long ago decided that CMKX was not
a scam and it's important that we now recommit ourselves to staying
the course. Personally, I am willing to give the company additional
time to accomplish our common goals because I can actually see the
progress that has been made. Review the following list to get a
rough idea of where we've been, where we are and where we're going.
So, what phase are we in?
I... ACCUMULATION PHASE
The goal of this phase should be to implement a long term
acquisition strategy to package for sale, or jointly mine parcels of
pre-tested mineral rights.
Steps:
1) Acquire mineral rights in world class locales (FALC, Althabasca,
Portavello).
2) Use state of the art technology to map the holdings.
3) Attract partners & form equity stake partnerships.
4) Enter into joint ventures with appropriate partners.
II.. REGULATORY PHASE
The goal of this phase should be to complete the paperwork required
by the SEC and become fully reporting with audited financials. A
secondary goal would be to make the SEC aware of the NSS situation
and place the onus squarely on the regulators shoulders. In other
words, ignorance by the SEC is no longer an excuse.
Steps:
1) Focus on the balance sheet.
2) Audit share structure.
3) Prepare & audit financial statements.
4) File papers to become fully reporting.
5) Make regulators aware of the NSS situation.
6) Elect a board of directors filled with credible individuals who
are beyond reproach.
7) Handle any misc. regulatory issues (i.e., SASKATCHEWAN)
lll...VALUATION PHASE
The primary goal of this phase should be to provide enough
information to allow the market to make a fair and accurate
valuation of the company's assets.
Steps:
1) Focus on the income statement.
2) Issue results of drilling.
3) Release results of joint exploration ventures (FALC, Althabasca)
4) Present results of ongoing mining operations (American Mine in
Ecuador).
5) Accelerate the drilling and exploration programs.
6) Update valuation models created by renowned geologists Mark
Huchison.
IV...TRADING PHASE
The goal of this phase should be to maintain an orderly market in
the trading of CMKX shares which will result in a steady upward
climb for the share price.
Steps:
1) Move to another exchange beyond the manipulators reach.
2) Release a steady stream of pent up press releases.
3) Keep current on audited financial statements and regulatory
filings.
4) Bring in outside appraisers to update the company's holdings
(TACY?).
V...CORPORATE MISSION
Steps:
1) Bring economies of scale to the corporate structure.
2) Apply synergy to the corporate entity.
3) Use the power of roll-ups.
4) Introduce efficiency to the operating process (add new
technology).
In closing, I know many will criticize the blind and unconditional
faith I have placed in Urban, however, I am convinced that I have no
other choice than to back the decision my research has led me to.
I'm not saying that I am right, I'm only saying that if Urban is
being honest and "CMKX has the goods", all will be very well.
Good Luck and it's all speculation
[This message has been edited by highwaychild (edited November 20, 2004).]
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