posted
When people say a MM is holding down a stock they mean shorting it. Shorting is when MM's sell shares that they do not have which would kill the stock in the long run. Alot of people seem to believe that's what is happening to this company but infact it's all the shares o/s I believe it's 705b shares. Market makers have way to many share's in hand for people to buy and for them to uptick the stock... They have so many shares they aren't even setting a bid price. Why would they want to buy your shares when they already have 400m in hand?
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posted
In the case of QBID the sell to buy ratio tends to be 12:1 with 87% of the volume in the stock being sells. That being the case there is no way a stock can uptrend if you have more buys then sells and the market maker having more shares then investors themself..
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imakmony2005
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posted
coldmoney, you think QBID has 705b shares are CMKX?
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posted
I remember when QBID had alot of support at .0031 in feb-mar and they added more shares and forced the PPS down to where it is now. Even on good news QBID would uptick a few points then people start to hit the bid to take profit which doesn't give the stock a chance to run. Alot of people buy a stock soley on DD but you really need to know the volume and share structure of a stock.
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posted
Legal what are these people going to do? I am hearing stories of people not being able to get out. And I know alot of people have thousands and thousands of dollars in this stock. They look at the CMKX car and think the stock is legit, but what they don't know they bought that car with there money. =(
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posted
your wrong coldmoney...the cmkx cult is glad they bought that car. it was a great marketing tool...now if only they had been marketing diamonds not shares of cmkx.
also mm's can hold a pps down by trading between themselves. say a run is starting if mm A sells a bunch of trades to mm B those watching see a sell off starting thus they sell. it also happens in reverse when mm's want a stock to run.
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posted
I see Frizzy is breaking the law again. SEC loves this kind of stuff. They already warned him once about dissemination of information. This is a public company and it doesn't matter if he is a lawyer with clients. If the information is about the company and is important the its insider info. Frizzy may want to call Martha up and talk to her about this. lol
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quote:Originally posted by coldmoney: Legal what are these people going to do? I am hearing stories of people not being able to get out. And I know alot of people have thousands and thousands of dollars in this stock. They look at the CMKX car and think the stock is legit, but what they don't know they bought that car with there money. =(
Cold it's a really long story to try and condense re: CMKX. People can't get out because they don't want to sell at a loss. That is a wise thing to do right now (hold) , because the whole story hasn't been told.
CMKX is unlike any stock, ever, in the history of the market. I think even the bashers will agree to that.
So, you can't apply the normal rules of investing. Not even the normal rules of manipulation by MM's. The rules all get broken, even by the SEC, DTCC and MM's. Have you ever heard of a stock trading in 5 digits? Why would that be? Have you ever heard of Ameritrade buying 135 billion shares directly from the company because they can't trust the DTCC to have certs? No all the rules are being broken on this one, and a smart investor has to ask why?
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quote:Originally posted by bill1352: your wrong coldmoney...the cmkx cult is glad they bought that car. it was a great marketing tool...now if only they had been marketing diamonds not shares of cmkx.
also mm's can hold a pps down by trading between themselves. say a run is starting if mm A sells a bunch of trades to mm B those watching see a sell off starting thus they sell. it also happens in reverse when mm's want a stock to run.
That can be done but at these prices MM wll not be making any money in doing so. They also have to many shares to want to start a fake run on this stock. This stock is dead in a puddel of a rain drop of water. It's like trying to safe a whale in a 5 by 10 swinging pool. To many shares held by the MM's The key to keep a stock moving is to make sure the public has most of the shares so the MM's can bid up and force us to sell. Thus the meaning of a an uptick on the bid. That's when the MM's try to cover shares lost on the ask price. People can DD all they want but since the symbol change the stock has not uptick and it will flatline this way until the company buy's shares back. And as far as the car goes how did that help shareholders? All it did was get new people stuck into a stock that is trading under .0001
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quote:Originally posted by coldmoney: Legal what are these people going to do? I am hearing stories of people not being able to get out. And I know alot of people have thousands and thousands of dollars in this stock. They look at the CMKX car and think the stock is legit, but what they don't know they bought that car with there money. =(
Cold it's a really long story to try and condense re: CMKX. People can't get out because they don't want to sell at a loss. That is a wise thing to do right now (hold) , because the whole story hasn't been told.
CMKX is unlike any stock, ever, in the history of the market. I think even the bashers will agree to that.
So, you can't apply the normal rules of investing. Not even the normal rules of manipulation by MM's. The rules all get broken, even by the SEC, DTCC and MM's. Have you ever heard of a stock trading in 5 digits? Why would that be? Have you ever heard of Ameritrade buying 135 billion shares directly from the company because they can't trust the DTCC to have certs? No all the rules are being broken on this one, and a smart investor has to ask why?
I would guess because of all the interest behind the stock. The key thing here is the share count. Do you know how muc money the MM's will have to give out if this stock even upticks? Everyone will be in line to sell there share's that firms will go broke even if they tried to fill one complete order on the bid. People see the stock and it's price and say I am going to be rich. The time you spent waiting on CMKX you could of played RNVO on it's uptrend and it's bounce. No one can say they have made money off of this stock since it had it's symmbol change. SO many plays have ran and made people money while be are sitting on there hand's waiting for some kind of uptick.
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posted
has anyone involved with cmkx not broken the laws? legal wants ppl to believe the SEC has, well i haven't seen any broken by them. a couple laws should have been inforced a whole lot sooner like not letting them get away with filing 2 gonna be late filing forms & checking out that form 15 & making sure they were up to date on filing when that form 15 came out as is required. hakala did point out they expect & require companies to be honest in their filings be you would think they would run a quick check on a few things. still with all the forms filed everyday by a few thousand companies it would take massive manpower to check every form that came in. there should be some sort of software that will flag certain things. had the 2 gonna be lates been caught we wouldn't be here posting about the scam of a lifetime.
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posted
well, a bunch of agreements showing john edwards got a lot of shares but nothing there says UC didn't give him those shares. at best its a toss up, either UC is in on the stock scam or he is a bafoon whose lack of attention & brains allowed cmkx to be financially raped. both leave the same result, a company with so many shares it will never have any hope of value. the lack of records would indictate UC was in on the swindle.
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legal: "Cold it's a really long story to try and condense re: CMKX. People can't get out because they don't want to sell at a loss. That is a wise thing to do right now (hold) , because the whole story hasn't been told." --------------------
Legal, it is not a long story to condense. The whole story may not have been told yet, but any discriminating mind can see the demise of a pile of sh it. There are easily 10 to 15 obvious reasons CMKX is where it is and they all go back to Urban Casavant and his actions, his inactions, his managerial incompetence as CEO, his lies and misinformation, his dealings with unsavory associates, his confilcts of interest dealings with his own family and associated companies and certain people, his probable misappropriation of company funds and other serious issues contrary to shareholders' basic interests (let alone their best interests).
To tell someone it "is a wise thing to hold right now" is ridiculous and a disservice to anyone reading a post such as yours. You have been brainwashed to the point of radicalism when it comes to CMKX.
You stated "people can't get out because they don't want to sell at a loss". When there is no other alternative other that a 100% loss, then any loss other than that is a wise move. The fact is, they CAN get out, but unfortunately, people like yourself keep their wild dreams alive. They would rather accept your la la land than admit they made a serious mistake holding on to CMKX.
Holding on to CMKX is NOT a wise move under any circumstances. It is downright stupidity.
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posted
Hey, if any might want to sell there useless CIM there is someone on the PB board wanting to buy it. She is one of Willy Lizards brainwashed. She has been convinced by Willy and his pet dog Acca that CIM will IPO for big bucks. ROFLOL
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posted
I agree with Ric about the inside information thing. I think Frizzell is pretty much on the up and up, but to diseminate informtion to one group that is not available to other shareholders is against the law. There is no question about it. That would enable OG members to take action on said information to the disadvantage of other stockholders. It would not matter if the information was positive or negative....same inequities. Rather than providing a certain group with information others do not possess, he has a legal obligation to release it to all.
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posted
And it also puts his clients at risk. Because they now have insider information and could technically be charged with insider information. Just ask Martha, lol. He was warned by Hakala and Stoecklein once about this but thats what you get when you have a trail lawyer doing security law. Hey I was a electronic technician but it would be hard for me to fix a piece of equipment that I knew nothing about. Of course if I had the tech manual it would be easy but they are not as large as the law books on security law. Thats why you have specialist in it.
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posted
Because it is easier to sell shares then to explore for minerals. Thats why the drag car said Got CMKX not Got CMKM. They were selling shares for a living on dreams of diamonds. Exploration cost is huge. And with CMKX being 36 million in debt how will they pay to drill? Slap 16 holes in the ground and buy property right beside Debeers for property they didn't take and sell 778 billion shares. Buy a house and a hummer in Las Vegas and play the slots. Pay some big names to be listed in the company and don't tell them anything to make it look legit. Then blame it on everyone else and claim to be working on the problem knowing you threw away the records so you can keep the ill gotten gains.
New slogan "Diamonds are a scams best friend"
quote:Originally posted by coldmoney: Aren't we missing the main point here. Forget the company for 1 sec. Talk about the o/s why so many?
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posted
Ric ver well said. People seem not to be able to take that in. For the final kill they will r/s and everyone will be happy at the end. They don't understand that CEO's are in this to make money for themself not even the company. They issue all those shares and get a really good IR person to feed you crap. Then down the line S8 then R/S then make another company and people fall for the same crap. I read all this DD and it's really put into place to make your mouth water while you forget to see how many shares o/s there is..... I mean you have 2 rooms on paltalk with a total of maybe 700 people who are in this scam saying the stock is real because they had a race car. Is that the only reason why you believe the company isn't a fraud?
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quote:Originally posted by legaleagle: And yet still in business. Still trading. Still walking the streets. Are our SEC and law enforcement officials that stupid?
What is the SEC going to do? It appears from what RIC posted is CMKX are using investors money to be able to drill for jewels. Doesn't mean they ever will. Trust me they have more then enough money to do so. After no more volume comes into the company r/s and shut down....
[ September 11, 2005, 00:12: Message edited by: Doctoall ]
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posted
Yup pretty much. You can not blame him because WFTV had many dips and uptrands. So he gave investors a chance to make money. don't know why people blame the person who post the play first. Alex did the r/s not Captnemo. If you look at CMKX it hasn't done nothing. No one has been able to make money. So pensandoenti67 nemo just brought the stock to our attention and it did have dips an uptrends so people made money. Those who got burned were the investors. Those always seems to one who get hurt while the daytraders make all the money
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posted
If you really were in law enforcement then you know there is procedures. Most crimes that don't include murder get to stay out of jail or as in this case halted until the appeal process is complete. Then it will happen. The SEC can't revoke until the ruling is final after appeal just like a cop can't put someone in jail that is out on bail while waiting for an appeal. Even if the cop thinks they are a scumbag and need to be in jail.
Martha was out on appeal for neary 4 months after being convicted waiting on appeal. She went ahead and got her time over with instead of waiting but she might still not been in jail right now because her appeal still hasn't happened.
quote:Originally posted by legaleagle: And yet still in business. Still trading. Still walking the streets. Are our SEC and law enforcement officials that stupid?
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posted
Thank's for pointing that out to me. Hey quick question. I am hearing of a CEO from NO who is going to create a OTC company for the rebuilding of NO do you believe that would be a good stock to invest in. He also said he will only issue about 10m-20m shares starting around .001
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