posted
I put in a limit order for 4.5mil at .0001. Of course it hasn't been filled. The ask never goes lower than .0002, yet people are able to sell at .0001.
I'm new to the whole pennies game, but can someone offer any advice...what determines if it will drop to .0001?
posted
I have been out of pocket for a while. Did anybody receive their 2nd stock distribution of GEMM? I never got my in my Ameritrade account (not that it really matters).
Declaration Date: -- Ex Date: -- Record Date: 10/01/2004 Payment Date: 12/10/2004 Dividend Type: Stock Div. payable in another company. Dividend Amount: +stk
Notes: Refer to the D/L of 11/16, 2nd revision of P/D by Co. +Approx .00012267 of a restricted share of Juina Mining Corp (OTC: GEMM) for each share held. Will not be quoted Ex.
From this old PR...
CMKM Diamonds, Inc. Announces Purchase/Dividend of Juina Mining Shares 10/16/2004 3:19:00 AM
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
What determines if the price will drop are the Market Makers. In the pennies you are dealing with them, not another investor. Since they control things they set the bid and the ask. In this case they are willing to pay no more than .0001 for your stock nor are they willing to sell theirs for less than .0002. So they ALWAYS get a 100% profit. Quite a racket, eh?
quote:Originally posted by skrewball: I put in a limit order for 4.5mil at .0001. Of course it hasn't been filled. The ask never goes lower than .0002, yet people are able to sell at .0001.
I'm new to the whole pennies game, but can someone offer any advice...what determines if it will drop to .0001?
posted
i see sggm has now joined cmkx at .0001. & ed i'd be very suprised if they were retired. they paid .00003 each for them. i'm sure enough made in back into the market to cover the cost at least. of course whats 75 million to an o/s with hundreds of billions
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quote:Originally posted by bill1352: i see sggm has now joined cmkx at .0001. & ed i'd be very suprised if they were retired. they paid .00003 each for them. i'm sure enough made in back into the market to cover the cost at least. of course whats 75 million to an o/s with hundreds of billions
posted
looks like ameritrades streamer had a fat finger moment on sggm. it had said down .0899 to .0001. it now says up .02 to .11. as for retired shares...i agree will billion, million, zillion does it really matter with a 780 billion o/s. now if they retired 750 billion we might have something...lol
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posted
That be correct at 75 billion, dogface. The man said 75 million, and it still makes little diffrence. Oh wait, maybe that PPS will soar to .0002 and hold there for an hour. Besides, it isn't retired, it's another freaking foolish faithful's rumor. The only thing these guys intend to retire is your $ from your pocket.
quote:Originally posted by Trade Dog: [QUOTE]Originally posted by will: [b]Yea, less than a wopping 1% of 790 billion, billion, million makes little difference with that O/S count.
quote:Originally posted by will: That be correct at 75 billion, dogface. The man said 75 million, and it still makes little diffrence. Oh wait, maybe that PPS will soar to .0002 and hold there for an hour. Besides, it isn't retired, it's another freaking foolish faithful's rumor. The only thing these guys intend to retire is your $ from your pocket.
Will, this day this hit's huge (and it most certainly will) I am going to come and laugh at you for hours on end for being such an idiot!!!!!! GO CMKX
quote:Originally posted by JEAL: Sorry - but that is actually 9.46% not 1%
This just shows how stupid some of these people really are. It is hard to believe anyone would entertain anything they have to say. It is kind of amazing someone that mathematically challanged can even use a computer much less be in the stock market.
quote:Do you guys know the difference between million and billion?? perhaps not?? GO CMKX
I do! I certainly know the difference between let's say 800 million and 800 billion anyway. The difference is that a company with 800 million outstanding has a slight chance of going somewhere. A company with 800 billion outstanding does not.
posted
FYi.. the boards are a buzz with rumors of a filing today or sometime this week to fall in compliance with SHO in January. Amazing I've been gone for 6 months and nothings changed except the PPS going from .0004/.0005 to oh my goodness .0001 to .0002 and apparently Melvin is gone? First smart move I've seen this "company" do.
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posted
The 75B were definitely "retired" per Andy Hill, IR guy. Urban has been retiring shares all along..... filings have been administratively pushed thru to the SEC and should be coming out any day now.......
OS will be so low, your mouth will drop to the floor............
quote:Originally posted by rde3: The 75B were definitely "retired" per Andy Hill, IR guy. Urban has been retiring shares all along..... filings have been administratively pushed thru to the SEC and should be coming out any day now.......
OS will be so low, your mouth will drop to the floor............
posted
upside, I love how you and will always point out as FACT that the os is 800 billion. The last time I checked the AS is 800 billion and we are all waiting to see what the OS is. I respect your posts (for the most part) but please if you are going to spit out numbers at least have the correct terminology. No one knows the OS THAT IS A FACT.
D
quote:Originally posted by Upside: originally posted by Vinny: I do! I certainly know the difference between let's say 800 million and 800 billion anyway. The difference is that a company with 800 million outstanding has a slight chance of going somewhere. A company with 800 billion outstanding does not.
posted
When dividends are calcuated the OS is used correct? In that case from the divs. already released the OS is around 7xx Billionish.. a retiring of 75 Billion is not going to do much of anything. IMHO.
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posted
Yeah, but he is implying that significantly MORE than 75 billion shares have been retired.
quote:Originally posted by boised: When dividends are calcuated the OS is used correct? In that case from the divs. already released the OS is around 7xx Billionish.. a retiring of 75 Billion is not going to do much of anything. IMHO.
posted
So the Carolyn pipe was sold/lapsed and someone else picked it up? ???? What happened to Melvin talking about some geologists eye's lighting up? I haven't dug around enough yet but I assume the rest of the core samples were just as bad or the results were not released?
Browsing another site I picked this up:"
Why did Cmkx buy the Ecuador mine? Why diversify into another country when the belief that diamonds and other minerals are available on our claims? There are many gold mines in Ecuador. Why did we spend the money to send Roger over there and start a project that is on a tangent from the diamonds? Was the mine being worked before we bought it? Gold is up in price. Who would sell a mine that was producing at a profit? Was it a quick fix to show profit for some strategic reasons to satisfy the SEC? It confuses me. Wouldn't the money be better spent to locate diamonds with additional drilling rigs in Canada? There is gold in Canada also. Are we in the process of building a giant mineral consortium? A lot of questions to answer that I don't understand. Add the uranium mine that we have supposedly acquired also. Not being negative in any way. Just trying to figure out the mindset of our (Cmkx) company! Any ideas?? Sincerely, John
so cmkx is a gold and diamond company now ? OI POLOI!
posted
Correct! But these fools will argue you to death about that , and disregard the facts. They think Roger Glenn is in secret negotiations with the DTC SEC, and the MM's. Just rediculous nonsense that has never happened nor will it. The only reason CMKX would talk to an MM's is to release more shares to dump on the market for them.
quote:Originally posted by boised: When dividends are calcuated the OS is used correct? In that case from the divs. already released the OS is around 7xx Billionish.. a retiring of 75 Billion is not going to do much of anything. IMHO.
quote:upside, I love how you and will always point out as FACT that the os is 800 billion. The last time I checked the AS is 800 billion and we are all waiting to see what the OS is. I respect your posts (for the most part) but please if you are going to spit out numbers at least have the correct terminology. No one knows the OS THAT IS A FACT. D
Point taken D. It is a bit of speculation on my part but it does appear to be in the neighborhood of 800 billion based on the dividend distriburion rates.
posted
boised, I thought the answer to that question "why did cmkx buy the ecuador gold mine was answered well. It was purchased for the cash flow it generates and that is necessary for filing.
Upside, where is wallace? Haven't seen hide nor hair of him. Hope he didn't fall into a hole somewhere.
posted
I'm around, dwman. Check in every now and then but not much to add except that I find it amazing that a few take umbrage with Will for missing a lousy digit with his finger and with Upside for suggesting the O/S is about 800 billion which is obvious from the dividends.
How are you, my fine friend? Hope you and all posters here have a Merry Christmas, Happy Holidays, a safe New Years and a prosperous and healthy 2005!
[This message has been edited by Wallace#1 (edited December 21, 2004).]
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