posted
not only that Ric but even if UC filed everything monday, even if they had drilled 200 holes without informing anyone & got promising results from a core sample where are they going to get enough money to do anything about it. you dont build a mine at $1 billion in cost without bulk sampling which takes a few yrs and from other companies about $100 million. the gold mine in S.A running full speed according to court testimony is maybe a few hundred grand a yr. they pay 20% of the 50% they get. NS does nothing for the company books which is $36 million in the hole now. they had to give all the sand from the gold mine away to pay off nevada minerals. they owe the auditor from 2001. if they were reporting any normal person would laugh. in the hole $36 million, very little income, o/s of 703 billion (who cares what the float is), cost of getting to the diamonds about $1.1 billion. if that doesn't have bankruptcy written all over it nothing does.
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
They have only two choices thats for sure. And thats either bankruptcy with all new shares issued to creditors (and that would be included in new contracts for drilling, need to do that before bankruptcy so new shares can go to them and not old investors) and the current shareholders get nothing, or they do a massive R/S of 10,000 to one to get o/s to 70 million then start selling shares like candy again to get money to drill with.
I tried to tell them once that its real expensive to explore. UC can't manage money, someone else would have to take over and spend the money wisely so they could find something. Not spending it at the races and slot machines.
-------------------- Invest with your brain not with your heart.
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quote:Originally posted by Ric: I was reading on PB were someone said they sold there entire retirement plan to buy more CMKX. They put there last dime in this. Shoot I wouldn't put everything in the best company in the stock market. You never invest everything into one stock. Diversity is what made millionares in the market. But to throw it all in a longshot just because you have a feeling. I did me DD, roflmao. Not sure what these people call dd but I call it having knowledge about a company including its financials, share structure, business model, and other important thing like that. Something that proves not a theory or a guess that this is a real company with real income. But here people are putting everything into a pipedream. No real knowledge because the CEO refuses to release real information. And people wonder why there are those that oppose Bush's Social Security plan.
This is the only one that came close, so I will assume that it is the one you refer to. "SOLD ENTIRE RETIREMENT PLAN?" "....PUTTING EVERYTHING INTO A PIPE DREAM?"
Where are you finding that? Both still working, only in their mid fifties. Sold some Blue Chips to invest.
Dear Judge Murray,
I am a secretary, my husband works in a factory. We are in our mid-fifties. We invested in CMKX after much research. We got out of our blue chip stocks to have the money to invest in CMKX. We did so because we believe this company will make a difference in our life, our children and grandchildren's lives, and many other lives that we plan on touching with our investment return.
We have been very displeased and angered with the naked shorting situation that has gone on and on with CMKX, but we know that it was an illegal action against our company, not an illegal action by our company.
If we, who have the money invested in this company, don't feel we have been wronged by our company and mangement team, then why should the SEC feel that revocation is a way of protecting us?
Please give our company time to get their filings in order. We have the utmost trust and faith in CMKM Diamonds and urge you to listen to the shareholders' pleas.
posted
Actually that wasn't the one I was talking about. It was from a older topic. I am looking for it just for you. I hate how they organize on that board. But it is pretty close to the same and thats sad. And the thread you got that off of is full of sad stories. Looks like the scam targeted the people in the mid 50's that were disabled or unemployed. By the way, I meant retirement as retirement plan not a 65 year old too. But that one is just another of the many sad stories that are being told on the board. Yet like the judge said, don't these people know this is a company being investigated and broke SEC laws?
These people keep bringing up DD, what dd. They own land, sorry mineral right they don't own the land, beside a diamond comany. It may or may not have anything on it. It may be a waste land that nothing can get to it on. Why did the other companies not grab it up if it was so valuable. I mean they were there before CMKX.
But like bill stated, it is extremely expensive to explore these days in industrialized countries that have rules and regulations to help protect the miners. It is so hard to believe that some here believe that a stock they paid .00005 to .001 should pay them a million dollar. Thats what is going on here. They think they are owed something by buying a pinksheet stock that refused to file and refuses to tell the truth. Like the lies about being near filing throughout 2004. When Melvin tried to lie about the 400 billion shares. They are ignoring the facts of a TRIAL where people testified under oath that the company had nothing.
Oh well, please buy it all. Just don't sucker others into this scam. If you all love it so much then go private and stop pumping this POS.
[ June 24, 2005, 20:40: Message edited by: Ric ]
-------------------- Invest with your brain not with your heart.
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quote:Originally posted by bill1352: what are the odds that the volume we see is mostly buys. i'm sure the cult is buying 100 million a day but who else could possibly be buying? if nothing else, after the transcript came out the lurkers that had some small hope must have lost it. i'm sure there are 20,000 shareholders that bought & look every few months to see if there's is any pps change. i'm guessing the last month has been a much higher % sell then buy. which means any NS is decreasing. look at the OG numbers, they decreased for the second phase thing.
even the trillion share thing is looking bad. phase 1 had an average per bagholder of 56 million shares. the OG brief added 5000 bagholders & the average dropped to 43 million. that extra 5000 had an average of 28 million shares. not all bagholders with 28 million shares would be as bitter as Ed...lol they might just fax in an account statement. they have to equal a total of 14.2 million per holder to equal the a/s. if 10,000 ppl have 2 million shares the average drops to 23.1 million. if they can hold that average & 56,000 ppl still hold shares july 15th they can prove a 500 billion naked short but i'll bet a large number of ppl get out or have gotten out in the last few weeks.
BILL: I have been tracking certs in a database, sure antidotal evidence, but in direct contrast to the ppl getting out; 9106 certs have been pulled this year for 21466 total. Sounds like a lot of people digging in ?
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quote:Originally posted by bill1352: not only that Ric but even if UC filed everything monday, even if they had drilled 200 holes without informing anyone & got promising results from a core sample where are they going to get enough money to do anything about it. you dont build a mine at $1 billion in cost without bulk sampling which takes a few yrs and from other companies about $100 million. the gold mine in S.A running full speed according to court testimony is maybe a few hundred grand a yr. they pay 20% of the 50% they get. NS does nothing for the company books which is $36 million in the hole now. they had to give all the sand from the gold mine away to pay off nevada minerals. they owe the auditor from 2001. if they were reporting any normal person would laugh. in the hole $36 million, very little income, o/s of 703 billion (who cares what the float is), cost of getting to the diamonds about $1.1 billion. if that doesn't have bankruptcy written all over it nothing does.
BILL If you had read the Def 14c with attached agreement with all attachments you would know there were around 200 holes drilled before CMKX ever came into existance; exploration data is cumlative for valuation. I would calculate we have around 350-400 core samples most tested. There have been two prominant geologists prior to CMKX to estimate worthiness of the claims CMKX now holds. AND a new one just on line to develope the new non-magnetic airbourne survey.
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posted
legal...the letter you posted is why the judge will revoke. that letter did nothing to help cmkx but it can hurt. just because you have 10,000 cult members doesn't make it a sure thing. just because a stock is NS'ed doesn't make it valuable. there is a group out there that firmly believes they are right. nothing will change that opinion. they have a very large membership. its called mamba (i think thats correct if not its close) it men that love boys. now thats much worse then the cmkx cult but the principle is the same. just because a group of ppl believe something is right doesn't make it so.
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
ALL One other point to make about that Def14c: 1-Last filing that called out complete share structure. 2-NO FLOAT at that time( if anyone needs explanation I was an original shareholder of the shell CMKI) 3-You would have to believe all insiders would give up there percentage of the pie in favor of raising money ( Knowing of the valuation at the time)as A/S was raised 4-The only allocation of shares of issued were to JVPartners & private placement( if #3 is true will be 49%)Thus 703b-10b(O/S a time) is 340b 5-Large chunks of this have been recovered & retired 6-A special caveat in the agreement causes "SELLERS" to: 6a- File 144 6b- Wait an additional 180(6mo) 6c- Sell maximum of 10% of "SELLERS" combined holdings per month. 7- We know there were a minimum of 18 "SELLERS" maybe more. - - - - - My conclusion is simple: 1-0ne or more of the "SELLERS" (probably the ones mentioned on previous page by legal) Sold ILLEGALLY shares to market( No 144 has been filed to date. 2-Evidence in company books has been withheld by ex CFO. And still at hearing not turned over. 3-MM understood at the time of these share dumped that it was time to Short out of existance(about the time RGlenn came on board)Someone was looking for an opinion which would legalize the deal. Unfortunatly it is STILL illegal to act before proper paperwork. = = = = = Conclusion: Value still in ground,50,000 shareholder know it and are pulling certs, SEC desparatly trying to cover this particular short up. LETS SEE WHAT HAPPENS Lefty
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posted
tango....i've never said the claims are worthless. all i'm saying is UC is worthless. so much so that there is no way for cmkx to now get the money to get to the mining point.
CMKX has 703 billion shares after its revoked its now a private company & wants to move towards mining. who is going to invest in something that has to be divided so many times? CMKX has no way of getting needed funds. that mine in S.A won't even come close to bringing in enough cash. ric is right & i've said it many times, either they go bankrupt & wipe out all the shares or they r/s down to almost nothing & then as a private company raise needed investors. & that depends on if they find a group of core samples from the same pipe that has good results. not 1 core sample. most kimberlite has some diamond content but that doesn't mean its worth building a mine.
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
the books from 2001 are being held...UC never paid the guy as it was stated in court. it was also stated that any records kept then were not kept by normal accounting standards. thus even back then things were not done right. how 703 billion shares got in the o/s is meaningless, they are there. ppl can yack all day that insiders own a large portion of that but there is no proof they do. if they do then they bought them by breaking more SEC rules but at least it would be rules that didn't have the penaty of being revoked. if they do own that much wouldn't yelling the amount from the mountaintop so to speak be in the best interest of the shareholder? maybe this david desomreau scammed UC. maybe UC trusted him & he is the one that screwed UC & the shareholder but if you know this as UC would by now do you buy a 3 million dollar home or do you try & help the shareholder? if thats what happened dont you fire the bast*** loudly & for all to know & fix the problem? dont you go the the SEC with the OG & give them proof of what happened? the 1 thing you don't do if your concern is the shareholder is take the 5th in court. cmkx being NS'ed or not is meaningless once revoked, the SEC provided a list of companies that claim this as their problem & cause of not filing to prove such. look at the brief from the SEC for that list.
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
Well its impossible for insiders to own a majority according to the 8-K filed in March. It states that CEDE is 407 billion and it is illegal for insiders to not be share holders of record. Sorry you can claim it all you want its illegal. CEDE is not company issued shares to a individual, they are shares that are bought on the open market through a broker where the company issued and sold them to the brokers through the MM's. If anyone holding under 5% bought shares that way they are not an insider and there shares are part of float like ours, period. If they are part of the company and they are insiders then the must register any shares they purchase, period. If you say someone, anyone is buying shares throught a broker where the broker holds the certs (CEDE) and holds under 5% then there shares are part of float and they had to purchase such shares. If your saying that they get 4.9% of the company shares no matter how much the share count is raised then the shares where issued to the individual by the company and he holds the certs (Not part of CEDE). Not sure what part of this the cult doesn't understand.
Also it is moronic to think they would raise o/s to 703 billion shares without selling shares on the market like crazy. Even if you claim they did it to cover insiders shorting, which has no basis in fact, there still no reason to raise o/s to 703 billion if your are only giving it back to the insiders. All that crap that was posted is impossible. You want to know the truth. If you buy into a company that doesn't report then you are buying a scam. There are many pinks that report and they are the good pinks, at least most. But give me a break. Everything you posted was BS. There is no proof of valuation period and thats why it will be revoked. Theories on top of theories won't make this company worth a crap.
[ June 25, 2005, 18:48: Message edited by: Ric ]
-------------------- Invest with your brain not with your heart.
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posted
Previous drilled 200 holes, stated from 14 C exhibits???????? I guess that I am having trouble here. I see where they talk about drilling on shore golds and others property. But I must be missing where they drilled on CMKX's land. Where did they drill them 200 holes prior to 2003??
Report on the Diamonds Exploration Potential of Five Properties in the Fort à la Corne area, Saskatchewan, on behalf of Fort a la Corne Diamond Fields Inc.
1 Introduction and Terms of Reference This report is prepared on behalf of Fort a la Corne Diamond Fields Inc., and is intended to document the status of kimberlite exploration activities in and around 5 properties which are located within the Fort à la Corne kimberlite field of central Saskatchewan. The 5 properties consist of 636 mineral claims with a total area of 247 708 ha (611 625 acres), which are currently wholly owned by others, as listed in Table 1.
No exploration work has been conducted on the 5 properties by the present owners. There are no known kimberlite occurrences within the 5 properties, but all are reasonably proximal to the 74 known kimberlite bodies of the Fort à la Corne kimberlite field. The geological setting and geophysical exploration characteristics of the Fort à la Corne area are discussed, providing a framework to assess the prospectivity of the properties for further kimberlite discoveries.
-------------------- Invest with your brain not with your heart.
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posted
there are pinks that don't report but you call the company & they tell you what the o/s is, what the float is & if they are diluting. 1 company just diluted their stock from 250 million to 1 billion & if you called every day they told you the number of shares they dumped that day. they just cant afford the cost of being fully reporting. even their t/a will tell you the numbers.
-------------------- "keep your stick on the ice & your cup firmly in place"
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quote:Originally posted by Dustoff101: Ric, finding another example of blind nonesenseical faith is easy....
You wont have to go far...
Qbiddians have found they're U/C.
I am concerned some of the investors in the Q may be heading for a serious emotional breakdown....
They may be heading for a kind of Jonestown..
I would joke about the situation over there, but something tells me the situation is becoming to serious to joke about...
It's ok to joke about Dustoff... I was joking about CMKI/CMKM/CMKX long before it was acceptable. QBID is doing pretty much the same thing it did five years ago. Lots of hooplah about going on the air with a one of a kind channel.... more hooplah... then nothing. The whole time selling shares. Lots of people on this board made alot of money off of QBID which is why there are so many loyal followers now.
-------------------- Spend Word For Word With Me And Your Wit Shall Be Made Bankrupt
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Doing great will. Hope all your family are doing great. Just returned yesterday from St. John in the beautiful U.S. Virgin Islands where my wife and I spent a week with our son and his family. Our daughter was not able to go but we had tons of fun snorkling.
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Got to run for now but hope to sign on tomorrow and harrass my good friend wallace a bit...maybe ever ric too. Hope your wife is doing well Ric.
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oh... anyone know who upside is? funny name. wait!!! I remember him. Hi you old shovel hound you. I see dusty is still around. I like that. I'm in touch with legal quite a bit on another board. I have to keep him drinking the cool aid you know. So many other friends here. hello to all. catch you tomorrow...God willing.
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posted
Your assuming we are really talking about CMKX here. That is far from the truth. CMKX is the stage with the characters forming the entertainment. I believe members of Allstocks actually do a great job of letting bad stocks go to the wayside like MLON, PRRM, and many others. Yes they pop up here and there, and there are a few others that need to figure out that this is penny land so give it up please but not as bad as other boards. They run and sink then start it all over until they are diluted to no return. Then they are o/s'd to dead or R/S'd to dead. Almost all pennies are that way. So why is this dead horse still here. Simple, the entertainment is worth the price of admission.
quote:Originally posted by Runamuck: CMKX threads =
posted
somehow its now a good thing volume is down??? ya think maybe everyone is done selling? the cover is over? the shareholder total is way down? or is it that the kool-aide is running low?
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