posted
the only problem with this diamond find of gemm's is its not controled by gemm. gemm has a 49% interest i think it is,DIAGEM has the controling interest. it is good for cmkx shareholders with gemm shares if they ever remove the restriction in a correct manor. & since according to ameritrade we got all the gemm we are getting cmkx still does own a number of gemm shares, about 25% but its an investment not income. cmkx get zero % of any diamonds mined. they only profit by selling the gemm shares they hold & only if gemm removes the restriction. any diamonds mined go on gemm's books not cmkx & not usca's books
-------------------- "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
UCAD/USCA is a 51% owner of GEMM. CMKX purchased the other 49% of GEMM. We don't really know how much of the 49% has been distributed to shareholders. But if all was distributed, you still must calculate the % of ownership that CMKX has in UCAD, and therefore ownership in GEMM. For one, I am not complaining if I am one of many that owns my share of 49% of 49% of a diamond mine that has uncovered 1,000,000 carats of diamonds, through CMKX. Nor will I complain of the ownership I have in that mine through UCAD / USCA shares. And none of this considers what is coming through GEMM from the Ecuador Gold Mine.
I do think some in here would complain if Urban laid a million in cash in your lap. If you are not getting much ownership in GEMM and USCA, then it is because you failed to invest enough in CMKX, or to recognize the value that could be contained in what is rapidly becoming a major mining conglomerate.
Posts: 2375 | Registered: Nov 2004
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posted
leagaleagle....yes this was a great find for GEMM which means possibly good things for CMKX, but without knowing the actual os or float for CMKX it means nothing. Even with this find the simple fact is that CMKX has what? About an 800,000,000,000 AS which means that if the find is worth even several millions CMKX is still only worth less than .0001 a share.
posted
super, I have maintained all along that we have to know the "true" OS in order to establish pps value. We have nothing but a divy distribution ratio on which to base the OS. That is why we are waiting for the filing. I can wait until Roger has everything in place, to see what all this company has to report. Today's diamond mine announcements may only be the tip of the iceberg; and the true float may be extremely low. What we saw today simply establishes, IMO, that this company is not a "scam", at least as far as the Juina Mining portion is concerned. And that is what this board has been all about for several months.
I think this is only the first of many announcements coming down the pike for CMKX.
Posts: 2375 | Registered: Nov 2004
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posted
legaleagle: " We have nothing but a divy distribution ratio on which to base the OS."
Wallace: It is not just "a divy distribution ratio" upon which to base the OS, it is two such distributions, shares, markers, widgets or whatever you wish to call them. That is not just coincidence, it is fact! In both cases, it works out to just slightly less than 800 billion, and that is simple mathematics.
legaleagle: "the true float may be extremely low."
Wallace: And the moon is made of blue cheese!
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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quote:Originally posted by Wallace#1: legaleagle: " We have nothing but a divy distribution ratio on which to base the OS."
Wallace: It is not just "a divy distribution ratio" upon which to base the OS, it is two such distributions, shares, markers, widgets or whatever you wish to call them. That is not just coincidence, it is fact! In both cases, it works out to just slightly less than 800 billion, and that is simple mathematics.
legaleagle: "the true float may be extremely low."
Wallace: And the moon is made of blue cheese!
oh yum blue cheese, can I have some of that on my salad?
"Simple mathematics" would have required the number of shares delivered by the TA to be divided by the number of shareholders, and they would have appeared in our accounts. Fact is, they haven't. Until we find out the reason why they didn't, there will be no "simple" answer to this stock.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
WASTED WEEK ?? Just got back from a week of $.... to find out 50k GEMM in @.022 STOPPED out@.087 $3250 less costs & tax of course. Small patato's compared to you guys but helps me live. Lefty
Posts: 55 | From: Midwest | Registered: Jan 2005
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posted
Should have said "for me". All my GEMM shares are restricted, and I dont count anything until it hits the bank account. If y'all made money, that's great. My turn will come somewhere down the road.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
legal...if you had bothered to call your broker at the time of the gemm divy's you would have found out that cmkx pushed the first divy back to the day the second was announced as to be paid. this was done in a way to give us a divy on the correct day but there never was a second divy sent to the brokers. the brokers never even heard of a second gemm divy. so it would seem that cmkx keep those shares & i'd bet they are in the market by now
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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Every issuer which is engaged in interstate commerce, or in a business affecting interstate commerce, or whose securities are traded by use of the mails or any means or instrumentality of interstate commerce shall--
within one hundred and twenty days after the last day of its first fiscal year ended after July 1, 1964, on which the issuer has total assets exceeding $1,000,000 and a class of equity security (other than an exempted security) held of record by seven hundred and fifty or more persons; and
within one hundred and twenty days after the last day of its first fiscal year ended after two years from July 1, 1964, on which the issuer has total assets exceeding $1,000,000 and a class of equity security (other than an exempted security) held of record by five hundred or more but less than seven hundred and fifty persons,
register such security by filing with the Commission a registration statement (and such copies thereof as the Commission may require) with respect to such security containing such information and documents as the Commission may specify comparable to that which is required in an application to register a security pursuant to subsection (b) of this section. Each such registration statement shall become effective sixty days after filing with the Commission or within such shorter period as the Commission may direct. Until such registration statement becomes effective it shall not be deemed filed for the purposes of section 18. Any issuer may register any class of equity security not required to be registered by filing a registration statement pursuant to the provisions of this paragraph. The Commission is authorized to extend the date upon which any issuer or class of issuers is required to register a security pursuant to the provisions of this paragraph.
Posts: 2375 | Registered: Nov 2004
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posted
Sure hope there is someone on here who can read that legal gobbledegook and make sense of it. I wasnt aware that you needed a law degree to buy stock.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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Member Rated: posted January 29, 2005 08:13 -------------------------------------------------------------------------------- Sure hope there is someone on here who can read that legal gobbledegook and make sense of it. I wasnt aware that you needed a law degree to buy stock.
-------------------- Ed =============================
ya don't ed. but you do need 1 after ya dilute a stock to stock h**l. it helps when trying to cover your azz
-------------------- "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
I think it means that if they actually do file they have to do it within 120 days of the end of their fiscal year. If their fiscal is on a calender year that gives them until approx. the end of April.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
don't ya first have to have assets??? putting cash from selling shares into a race car is not an asset. claims on land could be but it has to be worth more then unused farm land. now that gold mine might qualify & any shares they hold in other companies would qualify. oh ya & any cash left from selling 779 billion shares into the market.
-------------------- "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 Upside: I love blue cheese.
Up, I love it on salads!!! THINK GREEN!
dwmam.
Where have you been, buddy?
Maybe I was wrong about the blue cheese?? Didn't some "astrobnut" walk on it, leave footprints and take a giant leap? Doesn't really matter though, the intent of the comment was conveyed.
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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quote:Originally posted by Upside: Creamy or crumbly on the salad?
Crumbly....never tried creamy. My wife says it's too easy for manufacturers to dilute flavor with the creamy or to throw in poor quality. She's Italian and a great cook!
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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posted
Stuff a bunch of it into raw hamburger meat and cook it on the grill. Now that's eating!
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
finally this thread is talking about something of value.....food
-------------------- "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 Upside: I love blue cheese.
Up, I love it on salads!!! THINK GREEN!
dwmam.
Where have you been, buddy?
Maybe I was wrong about the blue cheese?? Didn't some "astrobnut" walk on it, leave footprints and take a giant leap? Doesn't really matter though, the intent of the comment was conveyed.
Wallace... you young whippersnapper. Folks from my generation always were told it was green cheese. lol
Posts: 1005 | From: Grapevine, TX 76051 | Registered: Aug 2004
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quote:Originally posted by bill1352: finally this thread is talking about something of value.....food
I agree bill. Best food has to be corn. You eat the corn, use the cobs, and then re-eat the corn in a second harvest. Goes a long way.
Posts: 1005 | From: Grapevine, TX 76051 | Registered: Aug 2004
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posted
LOL more bullshyte from Sterling... seems he's backtracking now!! and what type of capital gains is he trying to get when he's at a loss of .0004 from the free shares he got
(This msg. is a reply to 148570 by redcloudpaint.)
Redcloudpaint, I must say...
Thanks to you all! I think a few people have really gotten some things wrong in which I am not mad at them at all. I think anything we all say should be treated as "consideration" and not as fact, no matter how it's presented in these unofficial forums.
I will share some thoughts from my conversation with the SEC when I talked to them about CMKX. Or should I say when they talked with me, since they were the ones asking all the questions. I was surprised at how much they knew about CMKX and knew about little old me from some people misunderstanding my role with CMKX. Our conversation went very well as I helped them to get the facts straight and how they could get certain info for proof!!! For everyone's information, I called them with reason and they returned my call.
Well, ok, I asked a few questions too! Give me a bit to organize how I am going to post this. I told the SEC that I was going to tell my message board and chat room about our conversation. She told me it was fine.
After talking with the SEC, the many misunderstandings from a select few have made me really see that I can still believe in CMKX, but I need to move on from discussing CMKX as much as I used too. She told me that such would be my decision to do so as they were not forcing me to do so. I made this decision a while ago and I am hoping people just understand. I am still looking to keep my position at least until late Feb to early Mar 05 as I had stated to make sure I get the 15% capital gains rate for taxes for holding CMKX over 1 year. Actually, I'll probably hold much longer though. ;-) People are taking every word I say to have significant meaning “with CMKX” even if I tell them not to do so. From talking with the SEC, people really had misunderstood that I am nothing more than a shareholder as the likes of you all. Perception was a reality to some people no matter what they were told. Those realities were actually misperceptions that I am glad to have this cleared up with the SEC.
Just because I believed so many things as many of you did, and for some of the same reasons, did not mean that those things were going to happen. Again, I have had my share of being right and wrong, a lot!
Give me a little bit to explain more in detail. I'll try to sum it up in 1 or 2 short paragraphs.
PS--I think I'll be right this time about SCMI and CTKH. Heck, 2 out of every 50 ain't bad. LOL
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