posted
Hell, guys, this PR should be good for at least a full week for conversation and laughs. I have to give UC credit for one thing. He sure is one comical "basterd"!
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Hey ball licker, good to see you back, buddy. I never called CMKX a scam, check your facts, pal. I hope it does well. All I ever wanted from these guys was forthright honest PR's and reporting. Haven't seen anything like that yet. You probably wouldn't want to know the true state of the company, it's easier for y'all to build your next "play of the century" theory off of this type of PR they released today.
quote:Originally posted by bckibler:
quote:Originally posted by Wallace#1:
quote:Originally posted by Highwaychild: With you Wallace,it's every PR CMKX puts out. Hope that helps you with your quest.
Hwy, CMKX does not put out PRs that mean anything. They are either misleading, ambiguous or outright laughable. Hell, man, if this is a quest, it is one of the easiest!! Your boys at CMKX are fools!
"CMKX does not put out PR's that mean anything". After todays PR re:Mr. Maheu, do you realize how idiotic your post is? C'mon Wallace & Will. Let's hear your whole "scam" routine again. It's always good for a laugh!!! JERKS
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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i'm tellin ya UC is sitting around a vegas poker table, drunk and tellin ppl about the cult & his company. they don't believe he can get that many ppl to take chit & turn it into diamonds so they pick the oldest guy anyone at the table knows, cook up a pr & right now they are reading the boards laughin their azz'z off
-------------------- "keep your stick on the ice & your cup firmly in place"
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quote:Originally posted by Doctoall: Question For The Pumpers:
Urban is a Canadian Citizen and he lives in Las Vegas yet he is from Saskatchewan. His so called claims are in Saskatchewan, so why would he want to be so far away from the action. His corporate office is in his house, so why is he in Vegas? Smells dirty to me ????
DING DING DING I know the answer... because Nevada is a huge empty desert and to attract big money.. the state laws for incorporating a comp are VERY lenient/shady!!! all scams based in the US are incoporated in Nevada as the laws favor shady companies that can setup a mailbox at the UPS store as the official office of a company.
posted
Nah, not a week. We're being much to negative, and in the hearts of the faithful they know they're getting fed BS. They'll mgirate to a place where none of our reality nonsense is tolerated, and get all comfortable and cozy with birds of a feather, then just forget us. Kind of a shame, the entertainment value of this comapny and its mad dog supporters is great, but I'm afraid they'll abandon us, and seek validation of there wild theories elsewhere.
quote:Originally posted by Wallace#1: Hell, guys, this PR should be good for at least a full week for conversation and laughs. I have to give UC credit for one thing. He sure is one comical "basterd"!
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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quote:Couple of other Mark Twain quotes I'm familiar with:
"A mine is nothing more than a hole in the ground owned by a liar"
and:
"I only know two things about this man, one is, he has never been in jail and the other is I don't know why". [/QB]
Here is the one I like Upside.
"I am through with work for this life and this world," said Mark Twain on his arrival yesterday from Bermuda. He had said a good word for the suffragettes, and his reply came when he was asked whether he intended to lecture for the cause of votes for women.
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quote:Originally posted by Doctoall: Question For The Pumpers:
Urban is a Canadian Citizen and he lives in Las Vegas yet he is from Saskatchewan. His so called claims are in Saskatchewan, so why would he want to be so far away from the action. His corporate office is in his house, so why is he in Vegas? Smells dirty to me ????
DING DING DING I know the answer... because Nevada is a huge empty desert and to attract big money.. the state laws for incorporating a comp are VERY lenient/shady!!! all scams based in the US are incoporated in Nevada as the laws favor shady companies that can setup a mailbox at the UPS store as the official office of a company.
S C A M
Boised... you are pathetic. You cannot provide one thread of factual evidence that cmkx is a scam. It may go bankrupt. It may be a big disappointment. It may flounder for years and end in failure. Many companies have failed that were not scams. You have a shallow knowledge if you truely believe this company is a scam. I prefer to think you are a paid basher. jmo
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Good post by PennyWrangler. Link below. ) Sugarpaw
Gloria, I must agree with you 110% on all points. I also could not care less how the pps reacts to this news. That's unimportant and short sighted thinking.
What IS important is the significance of having someone like Mr. Maheu on your team. Do any of you remember a discussion we had last year about Howard Hughes and Urban Casavant? We were talking about the amazing similarity of the strategies employeed by both men.
Howard Hughes bought up a ton of land around the Las Vegas strip back when the strip was nothing to write home about. The land around that area was cheap too. Just worthless desert as far as it's original owners were concerned.
But Howard knew that the strip was growing and he had a vision of what it was likely to become. As a result he was able to sell that land at exhorbitant prices to burgeoning casinos as their need for space inevitably increased. The rest, as they say, is history.
Urban has secured mineral rights to all the land surrounding a valuable "strip" of land being exploited by De Beers. Same basic strategy as Howard used.
Could Urban's relationship with Maheu have anything to do with this? Maybe. Maybe not. Could be that Urban is a student of history, or this strategy is just obvious to someone with a vision for the potential of a geographical area. Could be that Maheu is attracted to this venture because he see's a reflection of Howard in Urban. Could be that Maheu is simply attracted to ventures with aspects similar to those he helped Hughes pull off.
Regardless of the exact details, the parallels are too much to ignore. This guy is a strong addition to the team.
When I spoke with Andy last week, one of the things we talked about was that Urban was doing something similar to building a baseball team. I think this analogy makes a lot of sense. When you build a baseball team, you try to get the best players you possibly can. The better the players, the better the team, and the more games you're going to win.
We know a couple of people on our team: Roger Glenn and Robert A. Maheu. Clearly there are more to come as CMKX moves towards being fully reporting and Sarbanes-Oxley compliant.
So ask yourself this. Lets say you have been sitting in the stands for 4 hours waiting for the game to start. It was supposed to start 1/2 hour after you arrived, so you've been siting there thinking "WTF is going on?" for 3 1/2 hours. So yes, you are frustrated and probably angry too.
Suddenly 1 guy for the home team runs onto the field (Roger). Then after a few minutes another fellow runs out (Maheu). So now you're relieved that something is finally happening, but not so happy that you're still waiting for the team to finish running onto the field.
But seriously, at this point, are you going to jump up and yell "HEY! Why haven't you hit the ball or run any bases yet?" (or equivilantly, "why hasn't the pps gone to da moon?").
First lets get our team on the field. Then lets get the game started (filing, followed by gettin on the SHO list, followed by exploration/core sampling info, etc.). Once the game gets going, then it makes sense to ask how the pps is doing.
I know... last summer we all thought the game had already started with that "diamondiferous" PR they put out. I thought that too. But the truth was that they hadn't even put the team together at that point. They were just playing catch in a back alley.
I have a LOT of money (for me anyway) tied up in this investment. I am counting the seconds until the pps reaches 0.01. But I am not calling for this PR to be the catalyst for such a move. Each piece must take place in its own time. We are getting there.
Consider this as well. Look at Maheu's resume. Does anyone think this guy has come onboard as co-chairman of CMKX just to watch it go down in flames? Same deal as with Roger Glenn. These people have a world of opportunities before them, yet they have chosen to work with CMKX.
Consider also that Maheu is in his 80's. He has already lived a full and rich life, both in the material sense as well as in the adventures he has been a part of. Can you imagine being one of the top key guys working with Howard Hughes to build the Huges empire?
This guy could rest on his laurels and enjoy the rest of his years enjoying the wealth he has amassed. He could be relaxing in the most exclusive resort in the South Pacific or Carribean right now if he wanted to. But he is not. He is instead working with Urban to make CMKX "happen".
posted
Well, legalBS, what's on the menu today that you are going to try to feed us? Did the new Co-Chairman croak after the excitement of doing some detective work and discover he has no related abilities or is he starting his new book about UC, CMKX and Cohorts?
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well folks i can't say anything bad about legal & his crew..i'm as brain dead as them. i put cash in that da** group pick again only to watch it flush down the drain. will i ever learn... here i have prime examples of believing something will work in the cmkx thread & not seeing the facts in front of my face. much like legal & the rest of the cmkx cult. when hughes bought property around vegas he didn't sell 800 billion shares saying it was full of diamonds. maybe the value of the claims goes up but to move 800 billion shares up??? as i'm telling myself after getting kicked out the group for telling the truth WAKE UP & SMELL THE F"IN COFFEE...speaking of which i could use a cup...lol
-------------------- "keep your stick on the ice & your cup firmly in place"
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Ya know, if this weren't all so pathetic, it might be funny. But I'm not laughing since it happens to be my money they're playing with. After all this time, we finally get a PR that we've hired an 86 year old guy. What the hell happened to the filing? What the hell happened to the drill results? What the hell is UC doing? And if Roger is supposedly the greatest lawyer to ever come down the pike, what the hell is taking him so long to make something happen? Maybe UC is planning to buy the Vegas strip? Where are the diamonds? Where is the USEFUL information? Do we all need our heads examined?
Sheesh !!!!!!1
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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Well, to try and answer both of you. We hired Robert Maheu, not for an 86 year old man, but for 86 years of experience, knowledge, and contacts. I am sure that those "contacts" have already thoroughly investigated CMKX and reported everything about this company to him, before he made a decision to make CMKX the 'last hurrah' of an illustrious career in law enforcement, intelligence operations, business, government and finance.
His addition to the firm as co-chairman of the board, lends the credibility to CMKX that it lacked under Urban alone. Just as Roger Glenn added to that credibility, Maheu will as well. That is why the "negs" here have to attack the persons of these men, to try and strip all credibility away from the company. When we announce the new President of CMKX, they will do the same thing again.
I agree with them in only one aspect of this company, we need the filing in order to completely understand this company.
When will it come? As I have stated many times before, exactly when Roger Glenn says it will. He knows the right time and the right opportunity. He knows the dates and commitments that have been preset in negotiations with the MM's and the SEC. For anyone to criticize his alleged "delays", is to demonstrate ignorance as to how the law, markets, financial institutions, brokerages and government agencies, move.
This stock is not a daytrade, as much as everyone would like. Urban is building an empire that includes: diamonds, gold, urnaium, oil, zinc and probably other minerals, all over the world. He may have not started out that way, but IMO he has found more than he ever expected to in Ssak. and in SA. Until we know how big it is, we cannot promote it, but we also cannot know what the hidden resources are. And without that information, only a fool would condemn it, or it's leaders. Only a poster who has already made a fool of himself would be interested in trashing the company and it's principals, in order to save face.
Yes, a day is coming when we will all know what is in CMKX, CIM, GEMM, USCA et al. But complaint after complaint will not hasten that day. Nor will bashing slow it. Those who have carefully examined this company know that there is "much" below the surface, and occasionally we see the "tip" of those icebergs. Like Roger Glenn, Robert Maheu, the GEMM diamond find, etc. More is coming. I would say "be patient", but then we really don't have any choice, do we?
All this is my humble opinion. OK bashers, in lieu of any real evidence, go ahead and bash me.
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More competition? (I don't have a link,this came up in my email,but...)
Forest Gate Acquires Large Property Position In Fort a la Corne - Targeting the next 'field' of kimberlites
Forest Gate Resources reports that it has staked 42, 368 hectares of new property south of Prince Albert and Fort a la Corne in an area that it has interpreted as potentially hosting an additional field of kimberlites.
Forest Gate has staked a large area that runs along a northwest-southeast axis for approximately 30 kilometres and is about 10 kilometres wide. The Forest Gate ground runs along the same northwest-southeast axis as the known field in Fort a la Corne owned by the Kensington-De Beers joint venture and roughly mirrors its shape and size.
"We think there is an excellent chance that the field continues in a southeasterly direction along fault structures," said Steve Roebuck, Forest Gate's Vice-President, Exploration. "This southeastern area is magnetically noisy, and weakly magnetic kimberlites could easily have been missed with airborne magnetic surveys executed in the past."
The known kimberlite field at Fort a la Corne consists of some 70 kimberlites and is one of the largest in the world. The additional staking that has been undertaken to date in the area has consisted of staking claims adjacent to the known field.
"Staking around the known field is the obvious thing to do," says Pieter Du Plessis, President of Du Plessis Trust, Forest Gate's diamond exploration consultant. "Less obvious is interpreting where the trend may continue, if, in fact, it does continue. I think it has the potential to continue in a southeasterly direction along fault structures identified with geophysics."
"To provide an analogous situation, less than half of the 70 plus kimberlites discovered in the Orapa kimberlite province in Botswana were discovered during the first phase of exploration during late 1960s and early 1970s," said Du Plessis. "The rest of the kimberlites were discovered using the improved technology of the 1990s."
"This property acquisition undertaking is consistent with our belief that diamond exploration is at an early stage in Central Saskatchewan," said Roebuck. "Very little money has been spent there in relative terms. Most of the diamond exploration money in this country is being spent in Nunavut and the Northwest Territories in the face of strong evidence suggesting economic deposits of diamonds may exist much closer to existing infrastructure."
Ralph Newson, P.Eng., P.Geo. and Qualified Person has reviewed the technical information contained in this news release.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
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legalBS: "We hired Robert Maheu, not for an 86 year old man, but for 86 years of experience, knowledge, and contacts."
Wallace: Just how much experience had he gained up to the age of 21? How much knowledge? How many contacts?
legalBS: "When we announce the new President of CMKX, they will do the same thing again."
Wallace: UC is so competent that he just might appoint his son as President! Not much change though.
legalBS: "Only a poster who has already made a fool of himself...in order to save face." "OK bashers, in lieu of any real evidence, go ahead and bash me."
Wallace: Man, you really do ask for it don't you? LOOK IN THE MIRROR AT THE FACE!!!!
As I said, legalBS, a fool and his money are soon parted.
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Did anyone see any knowledge imparted in Wallace1's post? Or just personal bashing once again? It's tired and worn out Wallace, you may impress your clique, but not the serious investor. They want evidence and "reasoned" opinion.
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“There is no doubt that we as a Company are on the verge of greatness”, CEO Orlando Silvestri – January 28, 2005
The Green Baron Report has been watching Pender International (PNDR) closely to try to pinpoint a low price that our members might take advantage of. PNDR is currently trading down over 90% from its high hit back in November 2004. This stock situation appears way oversold as it has pulled back just recently on extremely low volume. We would like our members to focus on the new highly experienced management team that is now being assembled, the likelihood that the stock will become listed on the NASDAQ very soon, and the fact that PNDR just announced it is in the final stages of a large funding project.
A webcast interview with recently appointed President and CEO, Orlando Silvestri, is scheduled to be available to our members on Thursday, February 3. The interview will likely divulge the latest on the Company’s aggressive plans. We encourage all our members to listen to this interview as it may dictate precisely where the stock is likely headed.
Pender International operates as a merchant bank for growth companies. The objectives of the Company are to explore and acquire undervalued small to medium-sized advanced stage companies that require strong management and capital to bring their operations to profitability. The Company began a program to delineate acquisition targets in mid-2004 with a plan to build a broadly diversified portfolio of core holdings that bring and maintain long-term shareholder value. An aggressive program is contemplated to increase our position in Armistice Resources, our flagship gold mining project by committing additional investment of up to $13 million with a goal to bring the project into production in 2005.
More technical factors
Late in the day yesterday on Monday, January 31, PNDR stock was trading at about $3.00 per share. Rumor has it that a margin call or a sell out was enforced to bring the stock to an extremely oversold condition on light volume. The Green Baron Report considers the volume of only 18,400 shares bringing the stock below $2.00 per share as a likely temporary aberration. If the stock can drop over 36% on this volume of less than 20,000 shares, it certainly can rise on similar volume.
Today’s action in PNDR was no better, but we now believe the stock has been completely flushed out. We think the stock is at a price it can build off of, and we contend our timing might just be ideal for a solid move higher. We have been told by consultants and large shareholders that Pender below $2 per share is just an absolute steal.
PNDR has about 36 million shares issued and outstanding, but judging by the light trading volume, the shares are closely held. Consultants to the Company have notified us that the true float of shares that “are unaccounted for or may not be in friendly hands” to be far less than one million shares. The Green Baron Report believes PNDR has likely hit bottom here, but admittedly it is extremely difficult to predict the exact bottom price as the stock has not seen this level in over three (3) months.
The Management Team
Karlson G.H. Jang – Chairman of the Board – Mr. Jang is the Chief Operating Officer with Trillion Financial Group, one of the largest financial and investment agencies in North America. Mr. Jang oversees a business with over 900 agents across Canada and with written business of over CAD $5 billion in 2003. He has also acted as an Internal Analyst with ABNAMRO Asset Management.
The Green Baron Report views Mr. Jang’s experience as vital to the development of an aggressive growth company. His contacts in business appear solid, and we are convinced he has a plan to help make Pender International an extremely successful operation.
Orlando Silvestri – Director, President and CEO – Mr. Silvestri was publicly announced to his position just last month on January 13, 2005. He comes to Pender having owned operated a vastly successful construction services company, Tacom Crane Ltd., managing over 100 employees. He is highly regarded as an authority in the construction industry and brings years of executive experience in the administration, development, and growth of business operations. Once again, we invite our members to listen to our webcast interview with Mr. Silvestri that will be made available on Thursday, February 3.
Vic Dominelli – Director – Vic Dominelli comes to the Corporation with sixteen (16) years of Aerospace related experience as a front line manager with Bombardier Inc. with the DeHavilland Aircraft manufacturing division. Pender welcomes his experience as the Company pursues future acquisitions in the manufacturing industry.
NASDAQ Listing
The press release on January 28 indicated among other things that the Company has prepared to be listed on the NASDAQ. Consultants have notified us that although the price of the stock has dipped below $3 per share, the listing is based on the average trading price over a recent defined time frame. Since the stock has been trading much higher over the last 90 days, we understand that achieving the listing will likely occur. In our experience, The Green Baron Report usually sees a dramatic price increase when a stock goes from The Pink Sheets to the Bulletin Board or from the Bulletin Board to the NASDAQ.
Final Stages of Large Funding Project
The announcement on January 28 also stated that the Company has just entered into a large funding project that will assist Pender International with future acquisitions and increasing the asset portfolio of the Corporation. The Green Baron Report believes an announcement detailing this funding arrangement could be extremely close. We are anxious to hear more details of this funding project and the Company’s specific plan to use the funds.
The Company has indicated the some of the funds may be used to further develop and increase its interest in the Armistice Resources gold mining project. This project already has an infrastructure where over $60 million has been spent. Pender has options that could increase its percentage ownership to over 50%. Consultants to Pender and large shareholders that we have spoken to believe the project contains a tremendous amount of gold that has not been widely released to the public. We anticipate that more assay samples will be released to account for this projection.
Green Baron Conclusion
Pender International has structured its new management team with seasoned veterans to take advantage of tremendous opportunities. The Company has applied for a listing on the NASDAQ and appears they will get it. The funding arrangement that Pender says is in “the final stages” should give the stock the support it needs right now.
Technically, The Green Baron Report sees the stock as completely oversold. A bounce in PNDR stock back over $4 per share short-term could occur with just a little buying and the right public releases. In this case, we like that the stock has the tendency to make wide price swings on low volume. The drop on low volume appears due to a lack of public awareness and not about what Pender appears ready to achieve. There were a lot of people that felt the stock was worth at least $4 per share just recently, and it appears as though Pender may only be “on sale” temporarily.
Contact Information:
Pender International
Vic Dominelli – (905)882-0221
Recent Green Baron Winners
SE Global Equities (BB: SEGB)
March 2004 Focus Stock rallies as high as $1.02 per share recently on news about its proposed asset acquisition, up over 168% from our profile price of .38 per share
Following a rally to about .50 per share, SEGB stock went dormant through most of last year. Although our timing was a little off when we profiled SE Global Equities to our members, the end result has proven once again that The Green Baron Report has some of the best stock ideas on Wall Street. The stock traded today at around .90 per share and is expected to hold this level or go higher in the foreseeable future. Congratulations to all Green Baron members who held this one through thick and thin.
Torbay Holdings (BB: TRBY)
January 2005 Stock to Watch Torbay rallies about 50% since last week’s Green Baron update on last Wednesday, January 26
Last week in our update on Torbay , we stated that “a move above .055 per share on above average volume would signal a short term breakout in the stock, and if backed by strong news may warrant an upgrade in our coverage to a fully profiled issue.” We are still waiting for some news to support the move in the stock, but we feel the stock may be telling us that good news is not far away. The Green Baron Report will continue to monitor this situation very closely. For those that did not wait and decided to buy this Stock to Watch, you are now looking pretty good.
TelePlus Enterprises (BB: TLPE)
December Focus Stock rallies from .35 per share to as high as .48 per share, up over 37% following our news alert that went out Wednesday morning, January 26
Although we still believe the best is yet to come in TelePlus, the stock did have a nice rally over the past week following very positive news as we predicted. The acquisition of Telizon will allow TelePlus to leapfrog its business plan by more than 18 months! We suggest our members continue to look for opportunities to pick this stock up on pullbacks. It appears TelePlus is well on its way to rise to the next level. We would look for a break of over .50 per share to take this stock much higher.
August Focus Stock Update
CMKM Diamonds, Inc. (PK: CMKX)
Former Howard Hughes business partner, Robert A. Maheu, joins the Board of Directors of CMKM Diamonds
The Green Baron Report is not quite sure what will pull CMKX stock up from its quagmire of trading between .0001 and .0002, but if the Company continues with press releases like this one then it certainly should move up soon. As CMKM Diamonds has stated in its press release, Mr. Maheu has a very lengthy resume filled with admirable accomplishments. He will likely be a fantastic resource to help build the management team further with top notch people through his extensive contact network. Perhaps Mr. Maheu is another believer that CMKM Diamonds will be The Stock Play of a Lifetime.
LAS VEGAS, Jan 31, 2005 -- CMKM Diamonds Inc. announced that Robert A. Maheu has joined the board of directors of the company. Maheu will serve as the co-chairman of the board of directors and will assist Mr. Casavant in the immediate and long-term objectives of the company.
"In the company's agenda for 2005, it has become paramount to bring in individuals and companies that can make significant contributions to the company. As the company begins to accomplish short-term goals, we decided to bring in an individual who can manifest an atmosphere for success. Mr. Maheu is that man," stated Casavant, chairman of CMKM Diamonds Inc.
Maheu is probably most famous for his role with Howard R. Hughes. Maheu served as the alter ego to Hughes. Maheu negotiated for the purchase of many Nevada properties on behalf of Hughes and the Hughes Tool Co. As a consequence, seven hotel/casinos, one airport and millions of dollars of raw land were acquired. In each case, Maheu became the chief operating officer. Additionally, he was responsible for the acquisition of an airline. He also represented the Hughes' interests before local, county, state and national regulatory bodies for many years. At an earlier time in his life, Maheu served as supervisor of the administrative section of the New York City Federal Bureau of Investigation Office and special assistant to Assistant Director E.J. Connelly, who was in charge of major cases for the entire Federal Bureau of Investigation.
Throughout his life, Maheu and Robert A. Maheu & Associates served as an advisor(s) to many great men and companies throughout the history of America. Westinghouse, World Tankers Inc., Stavros Niarchos, Del E. Webb Corp., Schenley Distributors, United Steel Workers of America, Hughes Tool Co., Hughes Aircraft, Theta-Com of California, Howard R. Hughes, Leisure Industries Ltd., Jayhawk Industries, International Business Associates Inc., Shaheen Resources, MacMillian-Ring Free Oil Co., Pacific Investments, Expo-Tech, Exploration Co. of Louisiana, New Orleans Steamboat Co., Greyhound Exposition Services, Central Intelligence Agency, Global Intelligence Network, Las Vegas Investment Advisors Inc., Paradigm Gaming Systems, Konami Gaming Inc., Sunbelt Communications and Castle Rock Pictures Inc. are some of the companies. To list all of Maheu's accomplishments would turn this brief announcement into a novel.
Casavant and Maheu will together be looking into the company and setting forth exactly what CMKM Diamonds needs to do in order to be successful in its current endeavors. The two look to bring in a president to the company that has successful history in geology and mining of natural resources.
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If I were a believer in this company you know what would bother me the most about yesterdays news? The fact that it did absolutely nothing for the pps. This was viewed by the believers as blockbuster news, a true bombshell that could only be bettered by a top-notch filing. If news of this sort had come out on any other stock with a normal o/s and float, the price would have soared. In this case it was unable to push it even 1/100th of a cent. It makes me wonder what the reaction will be if they ever do file. What if it's a worse picture than people are expecting? Or, what if it's a stellar filing and even that can't move the pps, what then?
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posted
Upside, market manipulation has been driving this stock for months, probably years. The volume today was over 5 billion, 4 billion reversed after market. Fat finger trades? Mistakes? No possible way. This isn't the first time that this has happened. The CMKX market has been manipulated over and over, ad nauseam. Today was no different. The MM's are holding it down while they attempt to shake shares, by scaring investors, to cover the NS.
And you are absolutely right on your statement: "If news of this sort had come out on any other stock with a normal o/s and float, the price would have soared." CMKX is no normal stock. All IMO
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posted
Well, after yesterdays news and today's reaction to it there can only be one of two possible explanations. A, you're right and there is a huge NS position or B, the float really is the entire 800 billion.
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