China Mineral Acquisition Corp. (fka CMAWE)

[Bull Trader]

Stock is dead. Play is over. Good bye.

[Bull Trader]

Stock is up 150% and going higher today. Told you.

[TruthChecker]

Understand this.

Maybe they will go up, because there is always one
fool out there dumber than I am.

However, they cannot be exercised. Only the existing
number of shares ( without the warrants ) will be paid
at the liquidation. The warrants cannot be converted
into shares.

Therefore, they can have NO value.

[Bull Trader]

word is that this is a short term play. The price will go up before the warrants are worthless. Good DD truth seeker, but i still believe that we will see a higher PPS before this is over.

[TruthChecker]

In addition, I asked him if I could take over the company
after the distribution. My thought was that if they left
1 share in the company, it would still exist. A great
shell.

He said no. Total liquidation of the company.

[TruthChecker]

Trust me.

Mr. Chen was one of the organizers, and is the PR
man.

He said that I could not exercise my warrants at
$ 5, and expect to get the $ 5.46 payment.

[Bull Trader]

The warrants definitely have value. I cannot confirm what Mr. Chen has said because i didn't talk to him. The warrants here only recently began trading.

[TruthChecker]

Bad news...............

Just got off the phone with Chen.

The company will be out of business in about 2 weeks.

They will distribute the $ 20 Mil or so in the bank back
to the original shareholders.

The value of the distribution is about $ 5.46, so this
explains why Mr. Weiss was buying so much at the $ 5.30 to
$ 5.40 level. It is basically a risk-free short-term
interest bearing vehicle. He'll make about 2 % over the
6 week period ( 17 % yearly ).

The warrants cannot be exercised today at $ 5, and join
in the distribution at $ 5.46. They are worthless, with
no hope of having ANY value.

I bought a bunch this morning, but gave it back for a
small loss. Oh well. Should have done my DD first.

[Bull Trader]

I cannot confirm this information. However, if Mr. Weiss is buying $900,000 dollars worth of the shares than something must be going on. I just know there is some money to be made here. I welcome any DD on this stock warrant.

[PDC ™]

well i didnt look that much. was just gonna buy on warrant price and excercize price. scalp worthy if nothign else IMO

[TruthChecker]

I got a question now.

Why has Weiss bought nearly $ 900,000 of this stock
in the last 4 weeks at around the $ 5.30 to $ 5.40
area, if the company is returning the IPO proceeds
to the original investors ?

Would there not be "NO" money in the company ?

In addition, it says that there is no value in the
warrants, in terms of the returning of money.

My question is ::::: what gives ? Why would there
be any value to this company if there will be no
shareholders left ?

What have I missed ?

[Bull Trader]

The stock shot up from .005 this morning on practically no volume. I tried to buy some more shares at .005 and the ask went up to .009 where I finally got filled. It will definitely be moving much higher very soon. Look at CMAQE

[PDC ™]

har was gonna buy those .005's this a.m. and wehn i deceide to pull the tirgger they were gone. good luck.

[TruthChecker]

Is that 1 warrant for 1 share of stock ?

Also, I tried to call the number on the Yahoo page,
and I got a law firm in NY.....not CMAQE.

You know anything about that ?

[Bull Trader]

The warrants have an excercie price of $5 and expire on 5/28/2009 2009.

[TruthChecker]

What are the warrant times and prices ?

[Bull Trader]

Hello Everyone. I received very good information today that these warrant will be going much higher than the current value. These warrants have an excercise price of $5 set when they were issued at the IPO!!! China Mineral Acquisiton Corp (CMAQE) which holds the warrants currently trades at $5.45 I think at the current share price the warrants are seriously undervalued. They only recenly began trading and I believe this is a good time to buy them. The float is extremely low and the PPS will move very high on any volume. I will be doing much more DD on this as it become available, but any DD on CMAQE is very applicable here. GLTA!!!