posted
779 billion shares at .0001 equals $77,900,000.00. we know that most often buys are not at .0001 but .00015. par value is .00001 thus the lowest a share can be sold is that number. mm's can sell to the 5th digit. one of my buys last yr was to the 5th digit. we also know that many shares were sold over .0002 last yr. it held the .0004 range for months. even today if you watch the trades on microcap you see large numbers go thru at .0002. not every trade can be buys large numbers have to be sells or the pps would not bounce back & forth as it does. remember 3 days before the first dividend own by date the a/s was increased 300 billion & 279 billion ended up in the split. i know ppl hate the thought but cmkx can not tell the SEC or the OTCBB that the split is divided to shares not in the o/s. those shares were not only authorized but issued into the o/s. the differance equals the amount a pr stated was bought back thus making that pr truthfull. in short cmkx has made at least $150 million in the last 2 yrs on selling shares. they probably do have some income from that new gold mine to add to that. that kind of money pays for a lot of things including lawyers. i'm guessing money started to get short & thus the new board. i will give UC credit. it would seem the new guy has put his foot down & fast. he has stated that truthfullness with investers is the only correct way to go. he has said there are problems with the powers that govern trading in both the US & canada. there are no diamonds coming in from canada. there are 4 or 5 companies involved there. 3 are reporting canadian companies. USCA reported in its last Q-10 that so far the new drilling has not found kimberlitte in enough commercial amount to warrent further testing. a reporting company can not hide income. you see no income from diamonds for any of the canadian companies where reporting is even strickter. one thing for sure is this company is a huge mess & needs a serious house cleaning. it is possible that since USCA reported they found something of interest. maybe that uranium mine cmkx has 50% of is now worth moving forward on. the canadian company controls that mine & maybe they are tired of waiting on cmkx. to fix everything cmkx will have to r/s & that will hurt a lot of ppl.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
That was a good one too Bill.You said in short cmkx has made at least $150 million in the last 2 yrs on selling shares.
If they only used just 1/2 of that, and bought back some o/s with $75 million at opportune positions, maybe that could be a bypass around RS City.
Sep. thru the beginning of Dec., shares were accumulated like wildfire.Slowed down awhile, and then alot of shares being bought up @ around .00015 ever since the 2nd week of Jan. up to right now.Alot of shares being bought up @ around .00015 average.
[ February 12, 2005, 11:27: Message edited by: Highwaychild ]
Posts: 2634 | From: The highway | Registered: Feb 2004
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posted
sorry highway but a huge chunk of that cash is gone & whats left will be needed to do anything to bring some real value to cmkx. about the only way to make some of the r/s up to shareholders is freeze the a/s of CIM, transfer the uranium to CIM & take it public. the r/s needs to reduce the o/s to less then 500 million. a 2500 to 1 r/s is called for. taking 10 million shares to 4000. the a/s reduced to 500 million. the pps would be about .25 but of course that would drop drasticly without a real diamond find. no 2 grains of sand stuff, even then its a few yrs before anything found could be mined. bottom line, there is no good outlook for shareholders today. no matter what positive things you can find the o/s kills every one of them.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
The money is gone... thats the problem... Stupid drag racing and unecessary high paid lawyers and useless promotion and another useless shareholders party. This stock is a pump and reverse split scam just like GAWD.
Posts: 193 | Registered: Dec 2004
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posted
Well they haven't done one yet,no matter how bad you've wanted one for some odd reason. You can't compare CMKX to ABCD,EFGH, or whatever. CMKX hasn't done what those co. did.And I bet this next shareholder party could be a good one.Maybe Snoop Dog,and Wesley Snipes will be there.LOL
Posts: 2634 | From: The highway | Registered: Feb 2004
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posted
I just wish that they would get on with the R/S or as the faithful say Reverse Merger. At least something would be happening with this stock. Split or Merger we still loose, so lets get the death over with.
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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quote:Originally posted by CashCowMoo: the only reverse i see in the NEAR future is reverse merger.
on the other hand if they do go through with a reverse split, i dont think it will happen until after .50 cents
there IS money to be made! cant argue that
Cash what would make you say that there will be no reverse split until .50 cents? That would make no sense since they have so many shares out there?
Posts: 200 | From: Canada | Registered: Jan 2004
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posted
filing would be a start. personally i find it hard to believe that 779 billion shares are owned by someone. i'd guess its more like 200 billion maybe 300 billion. the rest are in the treasury waiting for a mm to run out. i know for a fact the a/s is 800 billion unless it has been raised. i called nevada last yr for that info along with a number of others in here. if my guess as to number of shares owned is correect or even close it means they can retire 500 billion without effecting shareholders but 300 billion is still way to many for the pps to ever move. it also means UC screwed every shareholder on the dividends. they were to go to every issued share or the o/s not to the company treasury. cmkx told the SEC that 779 billion shares were issued for the dividend splits. that number comes direct from cmkx, no place else. this alone puts cmkx is a bad situation legel wise. if they r/s the entire number it covers their butt in a way. it hides the fact they issued dividends to the company treasury not the shareholders. then again to move off the pinks this has to be reported. any way you look at it what has to happen will make MLON look like a straight up honest to a fault company.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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quote:Originally posted by CashCowMoo: the only reverse i see in the NEAR future is reverse merger.
on the other hand if they do go through with a reverse split, i dont think it will happen until after .50 cents
there IS money to be made! cant argue that
Cash what would make you say that there will be no reverse split until .50 cents? That would make no sense since they have so many shares out there?
You need stars:) and here they are
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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quote:Originally posted by CashCowMoo: wallace what is your opinion on this PR?
Sorry to take so long to get back to you. Nothing about CMKX makes any logical sense to me. I do not trust anything they do or say....and that is based upon their past lack of performance.
I really don't want to discourage you and I hope I am 100% wrong for so many fine people on this thread. So, if you're in low enough and can afford what you have spent without monetary damage, hang in with it. Other than a RS or belly up, it cannot get much worse.
I honestly feel that the people that UC is bringing on have been duped as have so many others....
Please note you no longer hear from RG, when in the beginning of his being retained he was quite outspoken. You no longer hear from others as well....incl that PR guy that UC said would never be dismissed. You never heard from qualified people as to the potential for discovery. You haven't heard any more about drilling or exploration. There has been no filing. You have no idea of the amount, age and/or condition of equipment. Appointments to the BOD do not appear to be qualified in any way as it relates to the business of mining or with financial matters.
My mind about CMKX was made up months ago. It is based upon MY experiences with traded companies and their management and finances only. I have been known to make a mistake now and then.
Good luck to you.
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
i agree there cash. i'm wondering what will happen if they do report. i find it very hard to believe all 779 billion shares in the splis were owned by shareholder. even more so since 279 billion showed up 3 days before the "own by date" that means the company paid themselves the dividend & not the shareholders. they diluted the dividend at least by 279 billion. the a/s was 500 billion which means they added over 50% more shares. does anyone think they sold 279 billion shares in 3 days??? to move off the pinks all this will have to be reported. i'm not sure how far back they need to report but my guess is they wait till those dividends do not need to be part of it. the only board possible is the otcbb as they need a $1 pps for over 90 days to even think about a higher board. i do have a question concerning that.....the a/s is 800 billion, the split was to the o/s thus 779 billion were issued from the a/s, is a share issued but not bought yet by a shareholder part of the o/s?
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
noahtl piss off there is no reverse merger into anything. We've had enough of the crazy super naked double short reverse slim jim merger cover stock play of the century. Piss off and come back when CMKX files or shows diamonds otherwise as for now this stock is a pump and dilute scam.
Posts: 193 | Registered: Dec 2004
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quote:Originally posted by legaleagle: THINK TENDER OFFER: CMKX. REVERSE MERGE INTO CIM WITH THE JV's.
TENDER???? Legal, these guys don't know how to be tender. :
I had to take a day or two vacation but I missed you guys too much. Besides, I have to keep wallace straight on the use of the English language. He put cant a sentence at all together.
Posts: 1005 | From: Grapevine, TX 76051 | Registered: Aug 2004
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posted
I think that was intentional. A little humor, boise. Cheer up, my friend, and lighten up while you're at it.
quote:Originally posted by boised: He put cant a sentence at all together.
classic !!!
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Thanks will but I never took offense. I can't imagine that boised thought I write that way.
Posts: 1005 | From: Grapevine, TX 76051 | Registered: Aug 2004
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quote:Originally posted by CashCowMoo: well if i knew the exact share structure it would help with a lot of opinions
My guess, and please understand it is just a guess, is that the OS is very, very close to 779 bil shs, that proportionately, there are very few shs in the Treasury to have any impact on the OS (and maybe even some of that has been sold), and, that the only reason to increase the authorized to 800 bil was to sell more stock and finance other interests as well while keeping the "carrots" dangling.
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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"is a share issued but not bought yet by a shareholder part of the o/s?" ******************************
Bill, please explain your question.
Every share issued (except for Treasury Shares) is an issued and outstanding share. Treasury Shs are issued shares but are not outstanding since they are in the Treasury. "not yet bought by a shareholder" is impossible since that supposedly "not bought shareholder" must buy it from someone who already owns it in the issued and outstanding.
If I misunderstood you, please "never mind". LOL
dwman,
Welcome back you crotchity old man. Knew you couldn't make it over with all those pious faithfuls!!! LOL
boised,
Your diplomacy is much, much worse than mine! LOL
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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Welcome back you crotchity old man. Knew you couldn't make it over with all those pious faithfuls!!! LOL
LOL
Crotchity old man? Crotchity old man? Who you callin a crotchity old man? Creep! Jerk! sputter spit .... Diplomacy? You don't know the meaning of the word. I'll give you diplomacy. Wallace, I love you man. lol
Posts: 1005 | From: Grapevine, TX 76051 | Registered: Aug 2004
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posted
i have heard that number before as well wallace, but what do you say when the theory of raising the A/S to prevent a hostile takeover? would you 100% elminate the possibility of a hostile takeover?
Posts: 6949 | Registered: Apr 2004
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posted
Welcome back DW...glad to see your posting here. we need someone at least reasonable on cmkx's side...lol....the point i'm trying to get at wallace is the dividend split. 3 days before john q public had to own a share to get the dividend the a/s was 500 billion. so one of 2 things had to happen...1) they counted up what was owned on the books by john q public & found there were 779 biilion, 279 billion over the a/s which i don't think can happen & thus cmkx covered a naked short screwing all the real shareholders or 2)they increased it to keep shares of the dividend companys for themselves thus not holding true to the pr's & screwing the shareholders out of part of the dividend. if they did the first one they diluted the piss out of the stock by legitamisizing the naked shares & losing money on those shares to boot because there would be no reason for mm's to cover or pay the company on the sale. i don't believe this is what happened. i think they increased the a/s & thus the o/s by 279 billion in order to keep shares for themselves. i can't see any way to sell 279 billion shares in 3 days without it showing up on our radar. some stock tracker would show it. as these shares were not owned by john q public the shares of the dividends stayed with the company as they were part of the o/s. they could then be sold to the public without those dividend shares attached. they were added, issued & then repoorted to the SEC as part of the o/s for the dividend split but never sold till after the "own by date". to be a fully reporting company this has to be part of the report, the details. i'm sure they have to detail at least the last yrs activity's.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
if 779 billion shares are out floating and the AS is 800 then unless urban owns more then 389.5 billion shares, then yes this company could be taken over.
if he has that many shares out then he completely deserves a hostile take over.
now with those numbers in mind, i would be very surprised if he has that many o/s.
I don't know though we will all know in time if they ever report. but I'm not holding my breath.
they are getting the oldest people they can find to sit on the board of this company. My guess is they are trying to pull the wool over their eyes, and one of the qualifying requirements for these positions is for a positive result in an Alzheimer test.
IMHO Rod
-------------------- Dont buy or sell on my opinions, do your research. Make sure you know what you are buying before you buy.
This is a non reporting pink sheet with very high risk. From high risk comes high rewards. Dont invest more then you can afford to lose. Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004
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posted
also, what do you take of CIM? i have not heard you comment any perhaps i missed it, but what do you believe is behind the CIM dividends?
about the reverse split....i think one is possible, very possible in fact. the thing is i dont think it will happen until the PPS hits around the 50-60 cents area. if they were going to do one before that PPS i believe they would have done it by now. remember there IS a possibility that they have a very high valuation
like i have stated before i like to look at CMKX the way military commanders view scenarios, which i believe is smart:
let us not look at the probabilities of something happening. look at it as ....can it or cant it happen. yes or no, guessing and debating chances and percentages brings in a bunch of bull S... politics into the game. thats how you plan...and when i look at CMKX i ask myself...can this happen? yes it can. CMKX has the possibility of becoming what many have believed and that is not arguable. of course i dont recommend this type of thinking with any stock cause you will get burned for sure. everyone can debate the probabilities of CMKX, but the fact is something is going on. either good or bad...thing is we dont know yet.
everything after that at the present moment becomes a port-a-john of speculation until further notice through PRs.
some people deny any possibility of a R/S simply because they dont like it. in fact i have raised the question of a R/S on some CMKX boards and was demonized for bringing up such a taboo subject. i was written messages like "we dont talk like that around here" or "urban said no R/S so it must be true" well last i knew nobody that runs a company admits to needing or having to do a R/S till the last min.
urban has said a lot of things that seem to just be forgotten about. however, to me there seems to be a new form of progressive energy coming from the company that has never been there before. someone wants a new status of professionalism and sees that as a major part of handling business from here on out. remember the ORIGINAL CMKX website? man that message board was MESSED UP, and as much as melvin amused me he needed to go. Many people looked like a bunch of kids crying for their way and im sure when professionals browsed the site and read the board were shocked.
one thing about CMKX that irks me is the investors. talk about unprofessional. i must admit i have been amazed by the intelligence and resourcefullness of many and have become friends with some. then there are others who just ruin it for everyone and really put a lot of unwanted and undesired pressure on CMKX&affiliates. I also believe the shareholders share responsibility of the halt from the party due to selfish nit-pickers seeking insider info and then blabbing it all over the net. giving MMs a green light to bring up insider problems to the SEC to further whatever mission they are on. i know i sure would if i was a MM.
dont get me wrong im not talking about ALL, just a group of few. Not to pump anything but 1 million millionaires is a great site with friendly investors. you will find good info and DD there.
again....can it or cant it happen. of course it can...dont look at the probabilities of a R/S you might as well plan for one as a contingency plan, and plan an exit strategy on GTC orders before it happens to maxamize your return on initial investment.
of course this is just my opinion.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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yw DW...cash i'll give mahoo some credit, at least he talks a good game. but i'm guessing there are a few secrets that are not in shareholders best interests and until someone steps up & exposes those secrets nothing happens. as for ever seeing a .50 pps?? never happen the o/s is too high. General Motors isn't worth enough to bring a company with cmkx's o/s to a pps of .50.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
so bill you mean you know how much CMKX is worth?
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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posted
you also know what the O/S is as well? dam your good
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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posted
bill, you will finally find out this week about the GEMM divy's and the cert shortage. IMO Real certs are finally being delivered to the DTCC. And there are not enough to go around.
Posts: 2375 | Registered: Nov 2004
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Weekend has passed and seems the same old same old. Leagleagle since you are so uppity on divies any clue on when the divies we recieved will no longer be restricted?
Posts: 193 | Registered: Dec 2004
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