posted
LMAO he is financing his own company with the money from shareholders to give to family members of another company to buy stock in his company.Of course the pps is going up makes perfect sense. WTF LMAO Never cease to be amazed.Might be time to get in.
quote:Originally posted by Upside: I really liked this part. Pretty sweet deal for Urban and family.
LIQUIDITY AND CAPITAL RESOURCES
Since its inception the Company has had limited operating capital, and has relied heavily on debt and equity financing. During June, July, August and September of 2004, Mr. Urban Casavant, who is a Director and the Chief Executive Officer of CMKM Diamonds, Inc., and four other persons related to him by blood or marriage, purchased 9,000,000 shares of the Company's common stock at a price of $1.67 per share in a private placement exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The proceeds were used to exercise the Company's option to acquire mineral rights from CMKM Diamonds, Inc., as described above, and for general corporate purposes.
posted
......and what shell is the pea under? ......Where is the black Queen, you have a 33% of guessing right, unless I palmed it. Well, at least they reported. Down 15%, but they reported. Anyone sell at that .0003? Anyone sell at .0002? BTW, I love this part:
"Mr. Urban Casavant, who is a Director and the Chief Executive Officer of CMKM Diamonds, Inc., and four other persons related to him by blood or marriage, purchased 9,000,000 shares of the Company's common stock at a price of $1.67 per share in a private placement exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The proceeds were used to exercise the Company's option to acquire mineral rights from CMKM Diamonds, Inc., as described above, and for general corporate purposes."
[This message has been edited by will (edited November 16, 2004).]
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by will: ......and what shell is the pea under? ......Where is the black Queen, you have a 33% of guessing right, unless I palmed it. Well, at least they reported. Down 15%, but they reported. Anyone sell at that .0003? Anyone sell at .0002? BTW, I love this part:
"Mr. Urban Casavant, who is a Director and the Chief Executive Officer of CMKM Diamonds, Inc., and four other persons related to him by blood or marriage, purchased 9,000,000 shares of the Company's common stock at a price of $1.67 per share in a private placement exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The proceeds were used to exercise the Company's option to acquire mineral rights from CMKM Diamonds, Inc., as described above, and for general corporate purposes."
[This message has been edited by will (edited November 16, 2004).]
While you may see it as a "shell game", others see it as a family who took a little over $15 million out of their pocket to give to CMKX shareholders. Remember it was we who received the benefits of this deal, not Urban Casavant et al.
He got the shares of UCAD that he purchased, but we got the benefits of the swap as dividends.
[This message has been edited by legaleagle (edited November 16, 2004).]
"While you may see it as a "shell game", others see it as a family who took a little over $15 million out of their pocket to give to CMKX shareholders. Remember it was we who received the benefits of this deal, not Urban Casavant et al." **************************************
I see it as a family that took a hell of a lot more out of the pockets of CMKX shareholders. Benefits? Yeah, for the family! Shareholders got the bones.
posted
Last time I looked at my portfolio I still have more money in CMKX than I paid, plus three nice dividends that didn't cost me a dime.
Posts: 2375 | Registered: Nov 2004
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posted
"I see it as a family that took a hell of a lot more out of the pockets of CMKX shareholders. Benefits? Yeah, for the family! Shareholders got the bones."
Weren't you supposed to 'go away' (cough, cough) like two months ago?
You make me laugh, you camp out on this message thread, knocking CMKX any chance you get.
I can only hope you get what is comming to you in this life, the absence of breath.
Wallace, it's been F I V E long months, you are whacked... get a life bro,ohhh wait I forgot, you can't hehehe
quote:Originally posted by legaleagle: Last time I looked at my portfolio I still have more money in CMKX than I paid, plus three nice dividends that didn't cost me a dime.
posted
Try selling them....remember you have absolutely nothing until you can convert it to cash. The you will know who has made the killing, and who got killed. Ed
quote:Originally posted by legaleagle: Last time I looked at my portfolio I still have more money in CMKX than I paid, plus three nice dividends that didn't cost me a dime.
Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
"Didn't you post some time back that you had "snagged" an insider trade at .0001 and walked with a considerable sum of investors money?" *************************************
Actually, noahltl, I lost money on CMKX once ($410) and made money on it twice.
As I told you before, it was never an "insider trade". "Snagged"...if that's what YOU want to call it, just a private arrangement. "Considerable sum"? -- I suppose to you something around $1000 seems like a considerable sum.
Just think, noahltl, maybe that investor was you! LOL
[This message has been edited by Wallace#1 (edited November 16, 2004).]
quote:Originally posted by ed19363: Try selling them....remember you have absolutely nothing until you can convert it to cash. The you will know who has made the killing, and who got killed. Ed
quote:Originally posted by Wallace#1: "Didn't you post some time back that you had "snagged" an insider trade at .0001 and walked with a considerable sum of investors money?" *************************************
Actually, noahltl, I lost money on CMKX once ($410) and made money on it twice.
As I told you before, it was never an "insider trade". "Snagged"...if that's what YOU want to call it, just a private arrangement. "Considerable sum"? -- I suppose to you something around $1000 seems like a considerable sum.
Just think, noahltl, maybe that investor was you! LOL
[This message has been edited by Wallace#1 (edited November 16, 2004).]
Paranoia is not attractive. Are you seeing noahltls behind every bush?
[This message has been edited by legaleagle (edited November 16, 2004).]
[This message has been edited by legaleagle (edited November 16, 2004).]
posted
Well I am up money. I bought 15 million shares for $1500 (.0001). I sold some when it went up. I put $2600 in my pocket and hold 11 million free shares.
So the way I see it I profited $1100 and retained 11 million free shares which are currently worth $2200. I also have the divis.
So to the bashers FU .
chris
Posts: 44 | From: South Jersey | Registered: Aug 2004
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Bought CMKX at .0001...may even be free now but I doubt it. Pps is .0002. In his mind that adds up to a profit of .0001 per share. Problem is he cannot sell it at that! In addition to that he has stock in the form of dividends that as of now is absolutely worthless or does not trade at all. Glad my bank does not use the same accounting methods. The do resemble those of CMKX though, don't they?
posted
well i see i missed a bit today. first i've had a sell in for a week at .0002, my streamer says its at .0003 yet my shares did not sell, wonder why. next, legal those dividends are free as of today but in the future they may not be free as getting them from restricted to unrestricted may cost plenty thus meaning you got nothing. third shares of companies that the majority owner says in not worth working on (gemm) is again worthless. ucad shares could be worthless in the near future from the looks of that report. maybe everything will turn out ok but a lot is going to need serious changing for that to happen. as for cmkx o/s, i'd say 3 dividends, 2 saying around 780 billion & 1 twice that would peg the number quite well but some will not believe facts
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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quote:Originally posted by Wallace#1: Here's how legaleagle counts his benefits:
Bought CMKX at .0001...may even be free now but I doubt it. Pps is .0002. In his mind that adds up to a profit of .0001 per share. Problem is he cannot sell it at that! In addition to that he has stock in the form of dividends that as of now is absolutely worthless or does not trade at all. Glad my bank does not use the same accounting methods. The do resemble those of CMKX though, don't they?
posted
Out of whose pocket? 290B shares at .0001 -- .0003, I think you're looking in the wrong pocket.
quote:Originally posted by legaleagle: While you may see it as a "shell game", others see it as a family who took a little over $15 million out of their pocket to give to CMKX shareholders. Remember it was we who received the benefits of this deal, not Urban Casavant et al.
He got the shares of UCAD that he purchased, but we got the benefits of the swap as dividends.
[This message has been edited by legaleagle (edited November 16, 2004).]
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
those that bought at .0001 before the run a few months ago & sold some to make money & sit on free share have nothing to complain about. personally i did not find cmkx till that run & bought at the high side of that run & have since averaged down to .0004. this was before all the o/s stuff came out. ppl in mu situation do have things to complain about & those dividends are not yet free money and may never be. for those that bought in before the run to say us that came in after are bashing well sticking something where the sun don't shine comes to mind. ucad's report only backs our statements. nothing in that report is positive. not even heavy drug use could make that report positive. to say UC gave us shareholders something?? read the report, the 7.5 million shares is not part of the 9 million he & family bought & they bought at 50% discount. the price they paid was $1.57 per share when ucad's pps was over $3 & nothing in that report says those shares were restricted. if they didn't sell then or what % they didn't sell is now 3 times larger. nothing has been done with shareholder interest in mind.
[This message has been edited by bill1352 (edited November 16, 2004).]
quote:those that bought at .0001 before the run a few months ago & sold some to make money & sit on free share have nothing to complain about. personally i did not find cmkx till that run & bought at the high side of that run & have since averaged down to .0004. this was before all the o/s stuff came out. ppl in mu situation do have things to complain about & those dividends are not yet free money and may never be.
And then there are people like me who initially bought 2 million way way back in 2003 for .0002, then as time went on became more and more convinced this company was not on the up and up, began to question their every word, and tried to discredit them in every possible way. What would a smart person do in that situation? Upside doubles up at .0005. Hows that for sound investment practices?
posted
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.
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
Id probably be gone as well but I have to say it would depend on the circumstances. Last springs rise was pretty quick and you know how it is when things start rising fast. Visions of riches dance in your head. I'd like to think it was a lesson well learned with this one and I'd bail early but I'll freely admit that if this thing ever has another rise and fall, there's a decent chance I'll completely blow it again and wind up right back here again. Hope not but it's possible.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
It doesnt matter if you WANT to sell or not. Reality check: YOU CAN'T SELL. None of the dividends is worth a penny. If people quit counting POSSIBLE gains and get real, they'd be out of this thing at breakeven just to get away from it. My other stocks pay MONEY dividends (you know, the kind you can buy groceries with?).
quote:Originally posted by legaleagle: Why would anyone want to sell now?
Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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quote:Originally posted by ed19363: It doesnt matter if you WANT to sell or not. Reality check: YOU CAN'T SELL. None of the dividends is worth a penny. If people quit counting POSSIBLE gains and get real, they'd be out of this thing at breakeven just to get away from it. My other stocks pay MONEY dividends (you know, the kind you can buy groceries with?).
The "shorts" and "big money" people love that kind of thinking.
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).]
posted
Legal, A question for you. You seem to be a proponent of the naked short theory. Assume for a minute that it's not true. Would you be a buyer of this stock on its or its partners fundamentals alone?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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quote:Originally posted by Upside: Legal, A question for you. You seem to be a proponent of the naked short theory. Assume for a minute that it's not true. Would you be a buyer of this stock on its or its partners fundamentals alone?
If it weren't naked shorted I would have grabbed my profits and run, just like Urban Casavant would have.
And we don't know CMKX's fundamentals yet.
[This message has been edited by legaleagle (edited November 16, 2004).]
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