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Zen, the heavy weights are signing in today. During the past 3 hours 42 joined in with an average of 80some million shares each and the last three that signed in averaged about 200 million each. It is getting interesting.
Can some one explain this VWAP to me? TIA
Billy look at it this way, now at least our arms are twisted and we have to bring every thing on the table.
GL
We have a halt! things are finally in motion;
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 51305 / March 3, 2005
The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (“Exchange Act”), of over-the-counter trading of the securities of CMKM Diamonds, Inc. (Pink Sheets symbol “CMKX”), also known as Casavant Mining Kimberlite International, Inc., of Las Vegas, Nevada. The suspension will commence at 9:30 a.m. EST, March 3, 2005, through 11:59 p.m. EST, on March 16, 2005.
The Commission temporarily suspended trading in the securities of CMKM Diamonds because of questions that have been raised about the adequacy of publicly available information concerning, among other things, CMKM Diamonds’ assets and liabilities, mining and other business activities, share structure and stock issuances, and corporate management. Since the fiscal year ending December 31, 2002, CMKM Diamonds has been delinquent in its periodic filing obligations under Section 13(a) of the Exchange Act. The Commission is concerned that CMKM Diamonds may have unjustifiably relied on a Form S-8 to issue unrestricted securities. The Commission is also concerned that CMKM Diamonds and/or certain of its shareholders may have unjustifiably relied on Rule 144(k) of the Securities Act of 1933 (“Securities Act”) in conducting an unlawful distribution of its securities that failed to comply with the resale restrictions of Rules 144 and 145 of the Securities Act.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by CMKM Diamonds.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff of the Securities and Exchange Commission in Washington, D.C. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to the securities of CMKM Diamonds until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation for the stock of CMKM Diamonds that is in violation of the rule, the Commission will consider the need for prompt enforcement action. For questions related to the operation of Rule 15c2-11, please contact the Division of Market Regulation at (202) 942-0069.
If any broker, dealer or other person has any information that may relate to this matter, please contact the CMKM Diamonds Investor Line of the Pacific Regional Office of the Securities and Exchange Commission at (323) 965-4519 or by email at cmkmdiamonds@sec.gov.
http://www.sec.gov/litigation/suspensions/34-51305.htm
Humpty Dumpty, to answer your question;
Stop market will be activated on the price trigger you set but will sell at best price bid available, I would not use that with a pink sheet or OTC stock, you will probably get taken advantage of. I used it once and it got activated at 0.07 and executed at 0.035.
Stop limit will gets activated at the price trigger you specify but will not necessarily get executed if there are no matching bids. So in case the stock is crashing you might end up holding the bag. If the price is ocillating on the way down you make good on your order.
Hope that helps.
want2b2rich
smaddux, the PR clearly stated that it was the one that has worked for the government!
Bo14172; I don't think that you can attribute the heavy action of the recent past to the retirement of the 75 billion shares. I don't think they were bought at the open market. these were bought in a private deal and the price of the deal if I am correct was ~0.00002something. and we did not see that price printed (it would have been rounded to a 0). IMO the heavy trading was due to another reaseon yet to be known.
Regards
want2b2rich
diamondin the rough, The HOD was corrected to 0.0002. It was just a mistake and it has happened before but they always correct it. At least on Ameritrade they do.
I have a question,
Are brokerage firms identified as an institution? if so then your statment is not valid because all of us have bought through these firms and the numbers should have been much higher and available long time ago. It is true that one might argue, what we buy through an on line firm is held in its name but then again its name should still have appeared as an intstiution with a position, and considering the massive activity in this stock since 9/2003, there should have been continuous changes in their position every month to be reported.
If on the other hand they are not recognized as an institution then what you say might be true.
Lbro;
Sorry don't have it but here are some of it from a poster on the RB
http://ragingbull.lycos.com/mboard/boards.cgi?board=THTHF&read=35741
By: schutt_hill
23 Nov 2004, 11:03 AM EST
Msg. 35741 of 35767
Jump to msg. #
From 10 q
Statement clarifies under what circumstances a contract with an initial net
investment meets the characteristic of a derivative as discussed in Statement
133. In addition, it clarifies when a derivative contains a financing component
that warrants special reporting in the statement of cash flows. This Statement
is effective for contracts entered into or modified after June 30, 2003 with
certain exceptions. We do not believe that the adoption of Statement No. 149
will have a material effect on our financial position, results of operations or
cash flows.
In May 2003, the FASB issued Statement No. 150, "Accounting for Certain
Financial Instruments with Characteristics of Both Liabilities and Equity". The
Statement specifies that certain instruments within its scope embody obligations
of the issuer and that, therefore, the issuer must classify them as liabilities.
This Statement is effective immediately for all financial instruments entered
into or modified after May 31, 2003. For all other instruments, the Statement
goes into effect at the beginning of the first interim period beginning after
June 15, 2003. For contracts that were created or modified before May 31, 2003
and still exist at the beginning of the first interim period beginning after
June 30, 2003, entities should record the transition to Statement No. 150 by
reporting the cumulative effect of a change in an accounting principle.
Statement No. 150 prohibits entities from restating financial statements for
earlier years presented. We do not believe that the adoption of Statement No.
150 will have a material effect on our financial position, results of operations
or cash flows.
RECENT EVENTS
Subsequent to September 30, 2004, we issued an additional 2,308,509,800
shares of our common stock to the convertible debenture holders upon the
conversion of $104,900 of debentures and accrued interest.
On October 14, 2004, we signed a letter of intent with TBM Technologies
Inc., an Ontario Corporation which provides Design Engineering services,
pursuant to which we will purchase TBM for approximately $250,000 payable in
shares of our common stock with price protection for a period of two years from
issuance. In the event that the vendors seek to sell their shares in an open
market transaction within the two years following closing and the bid price is
less than the price of the shares on issuance, we will be obligated to issue
additional shares of unregistered common stock with a value equal to the
difference up to a maximum of $250,000. The transaction will be effective
November 1, 2004 and is anticipated to close on November 22, 2004.
On November 12, 2004, we sold an additional $875,000 in convertible
debentures with original issue discount (OID) together with 4,750,000,000
warrants to a group of investors including Bristol Investment Fund Ltd., Alpha
Capital and Tazbaz Holdings Inc. Pursuant to the Share Purchase Agreement, the
debentures will become due twelve months from the date of issuance. The
investors will have the right to acquire up to $875,000 (equal to 125% of the
aggregate subscription amount of $700,000) worth of our common stock at a price
the lesser of $.0002 or 80% of the average of the three lowest intraday prices
on three separate trading days during the twenty days trading period prior to
conversion. The warrants are exercisable at any time and in any amount for a
period of seven years from closing at a purchase price of $.0002 per share.
The proceeds of $615,000 received from this transaction were used to
settle debt and litigation settlement obligations with the balance to be used
for working capital.
On November 12, 2004, we reached a settlement with SITQ National Inc., of
the action commenced at Toronto, Ontario as Court File No. 03-CV-256327CM3
against us by SITQ, in which SITQ claimed damages for breach of Lease for
arrears of Rent, Additional Rent and other amounts payable pursuant to the
Lease. In consideration of a monetary payment by us of approximately $261,000
and execution of a Mutual Full and Final Release, SITQ dismissed the
aforementioned action and forgave the balance of therent arrears, future rents and damages of approximately $3,750,000.
On November 12, 2004, we reached a settlement with Denise Dunne-Fushi with
respect to the note payable to Dunne-Fushi by us in the amount of $629,491. In
consideration of a monetary payment by us of $202,000 and execution of a Full
and Final Release, Dunne-Fushi released us of all rights and debt held by her
and forgave the balance of the note payable of approximately $427,491.
On November 12, 2004, we reached a settlement with Roger Walters with
respect to the note payable to Walters by us in the amount of $224,000 plus
accrued interest. In consideration of a monetary payment by us of $33,600 and
execution of a Full and Final Release, Walters released us of all rights and
debt held by him and forgave the balance of the note payable and accrued
interest of approximately $237,400.
LBro, Thanks but many on the RB Zoo were refering that the 10Q was filled last night. The news you posted is postive but came out this morning.
Any one has any comments on the filling? I don't have it but understand it came out yesterday. TIA
Posted this on RB in response to an investor with concerns about his shares being NSS;
hafizesh,
It does not make a difference to you and I if our shares are naked shorted, we have legitimately bought them through a recognized brokerage firm. They along with the MMs are responsible for the delivery. It makes a difference for the stock in general once it is revealed and they decide to cover they will again have to buy them back even though they are NSS at the price that you and I decide to sell. Unless the whole thing goes under. But if that happens then again it would not make a difference if you are holding real or NSS as at that time they will be rendered worthless if that happens. I would not worry to much about the NSS as far as your position is concerned.
JMHO
want2b2rich
bluediamonds; I have read elsewhere today that Andy Hill is the poster that used to post on RB under the Alias of Okanagan (Sp?) is this true?
Johnny_cash; I believe it is USCA.pk but it is not trading yet.
If you are using a live streamer just use USCA (that is how I view any pink sheet stock that is trading) Hope that helped.
what does everyone think of the low volume on CMKX? it has been gradually decreasing over the past few days.
This is strange, my CIM shares that are not identified by a symbol has a value on my streamer and it converts into $0.001/share.
Kimberlite or any one who knows, how do you put posters on ignore on the Ihub? TIA
BO IMO they don't need to be designated as restricted because they are by nature, (being a private company that is not tradable).
want2b2rich
Anyone with Ameritrade have their CIM dividends yet?
CMKM Diamonds, Inc. Announces the Success of Its Integrated Business Plan Goes Into Effect in Ecuador
Business Wire - October 19, 2004 09:30
PORTOVELO, Ecuador, Oct 19, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc. (Pink Sheets:CMKX) headed by its CEO Urban Casavant and his advisory team accompanied by the company's SEC attorney Roger Glen successfully concluded the major ownership acquisition of the established American Mine here in Portovelo today. CMKM Diamonds and its operating partner Minera Nevada SA a subsidiary of Nevada Minerals, Inc. of Las Vegas, Nevada will manage a major corridor of gold production inside this region. The current yield coming through the American Mine is 40 tons of gold ore on a daily average. Alejandro Diaz, president of Minera Nevada SA exclaims, "Within the next 6 working weeks the production will raise to a steady 80 tons of gold ore per work day as we start our second shift of underground mining team." Diaz continues, "All will be done to ramp the mining production to complete our obligations to Yellow river and US Canadian Minerals, Inc. for their addition of two additional mills to Yellow River and the new production facility of the Buza coming on line over the next 90 days to build up to 300 tons of gold ore processing per day to satisfy the volume increase of the American Mine build up of production."
The advisory team had members from legal, accounting, operations and feasibility to assess all probabilities on expansion and further development of other opportunities from CMKX, UCAD, and Nevada Minerals. The team was introduced to the on ground executive team that will lead the way through the start up phase one process. US Canadian Minerals CEO Rendal Williams explains, "UCAD has considerable time and dollars invested here in South America, especially Ecuador. We believe there is a major shift of technologies that this region has been starving for and we as UCAD plan to lead the way and share this knowledge with those who wish to expand their current ore production."
The American Mine sits inside the Zaruma-Portovelo Mining District. This district has a recorded historic production of more than 4.5 million ounces of gold and 19 million ounces of silver, as well as significant tonnages of copper, zinc and lead concentrates.
The American Mine located in Portovelo, Ecuador consists of a 100 ton hoist system that will from up to the depth of one of its 13 levels, deliver gold ore to the surface to a 35 ton drop shoot that will be supported by a jaw crusher and a cone crusher to minimize processing time for expedited production flow at the Yellow River Processing Plant. Urban Casavant CEO of CMKX said, "Through the combined efforts of all the parties in this venture we have gathered a new frontier for the well being of our shareholders and company alike. The company will be moving rapidly into a revenue model here in the fourth quarter."
There is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company.
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended. All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.
SOURCE: CMKM Diamonds, Inc.
Anyone have Dr.D's latest MP3's? TIA
Grumps you are eligible for all div's. did you not get one already? if you have been holding as long as you said you should have already recieved UCAD @ 0.00000962/CMKX now the new one due today is CIM @ 0.0256/CMKX and another one down the line is GEMM
RichieBoy; I believe you should hold your broker responsible for delivering these dividends after all he is the on who bought you those CMKX shares when you asked him to, I don't believe you told him to buy you fake shares!
v269278;
reference your e-mail "Want2brich - Thanks for the suggestion. I spoke to a rep and was told that they were NOT restricted. I told him I saw no indication that the stock was restricted so how would I know? He told me I'd know because he would tell me! Next he instructed me on the steps to follow to put in an on-line order to sell the UCAD shares. I'm looking for feedback as to whether this info should be communicated to CMKX. What do you think?
Thanks,"
Sorry I could not reply to your e-mail, I got a message back that I have to be a paying member first.
I am not sure you are asking the right person, I am still a novice at this although I have been doing it for a few years. However, when I suggested you try the limit sell order it was to find out if your shares were restricted only, I don't think you should try to sell them as I truely believe great things will unfold soon.
As for notifying CMKX I believe they already know the situation of the NSS but you may give them a personal proof.
GLTU
want2b2rich
I have sent an e-mail to Ameritrade inquiring about the round up shares (I have more than one account) and here is there response. I suggest that those with an Ameritrade account e-mail them as well so we get our shares prior to the 3-1 split date.
Regards
want2b2rich
Thank you for contacting us today regarding CMKX.
For CMKX, the spin off rate was .00000962:1 for restricted shares of US Canadian
Minerals Inc. The old rate was .0000155:1. The record date was 8-20-04. This
means your CMKX buy trades needed to settle on or before 8-20 in order to
receive the spin off shares. The payable date was moved from 9-24 to 10-6.
Restricted means that the shares are not registered with the SEC for trading
availability. Once the shares are registered, a valid symbol would appear.
Ameritrade does not know the anticipated time frame or details pertaining to the
restriction at this time.
At this time, CMKX has not officially notified Ameritrade that the fractional
shares will be rounded up or cashed out. Once Ameritrade receives the
instructions for the partial shares with payment, we will credit your account
accordingly.
If you have any questions and wish to contact us via e-mail, please log into
your account and send your inquiry using the "E-mail Us" link which can be found
in the navigation bar at the left side of any page within your account. Select
the Reorganization & Dividend Inquiry Form.
Joy Busse
Apex Reorganization and Safekeeping, Ameritrade
Division of Ameritrade, Inc.
Original Message Excluded:
-------------------------
UCAD on fire! $17 will be broken soon.
Does anyone have a link to Dr D's MP3 from last night? TIA
v269278, there is a simple step you can do to find out;
Try putting them up on a limit sell order (much higher than current price so you don't risk losing them) if the offer goes through then they are not restricted.
is the market open or closed on Monday? TIA
Is it a low volume day or have we already flipped the streamer count? I am showing on ameritrade that volume is about 370 million.
I was rounded down on both of my ameritrade accounts. on one I ended up having the div @ 0.000009565 and the other it was 0.000009231. I thought we were going to be rounded up. Or may be that was only for those that would have ended up having a zero UCAD based on their holding.
But these were restricted shares I don't think they will have access to restricted shares if it was not real. Am I right?
Coming up on 3 billion traded in the first hour
We have a couple of days left to purchase the additional 24% interest in GEMM before the option expires. Any thoughts on that? it seems that we have been given the cash over the past month from SGGM.
Kimberlite, I believe there was a couple of dates mentioned 9/27 (record date) and 10/07 (split date) . I am stuck as well and debating if I should sell or hold. Any advise?
SEC Filing - AGRD - Reverse Split
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D04%2D014616%2Etxt&FilePath....
OTHER EVENTS
In a written action without a meeting, the Board of Directors (the "Board") of AuGRID Corporation (the "Company") has unanimously approved on August 19, 2004 a one-to-one hundred (1:100) split of the Company's outstanding common stock (a reverse split). The Board deemed the reverse split to be advisable in order to attract the additional equity funding that the Company needs to continue operations.
--------------------------------------------------------------------------------
A majority of the Company's stockholders, acting by written consent, has adopted the reverse split approved by the Board. The record date for the split will be September 27, 2004, and the effective date of the split will be October 7, 2004. The transfer agent for the Company's common and preferred stock, Signature Stock Transfer, Inc., will contact each stockholder after the effective date with instructions regarding the exchange of old shares certificates for new shares certificates reflecting the split.
As a result of the reverse split, each one hundred (100) shares of the Company's common stock prior to the split will be represented by one (1) new share of the Company's common stock after the split. Market reaction cannot be predicted with any degree of certainty, and thus it cannot be known what effect the split will have on the price per share of the Company's common stock.
The authorized capital stock of the Company will be unaffected by the reverse split and will continue to consist of 1,960,000,000 shares of common stock and 40,000,000 shares of preferred stock, classes A and B. This should ensure availability to the Company of adequate shares for use in equity fundings and business combinations. However, although the Company is actively engaged in discussions relating to funding and mergers, there is in place no definitive agreement with any third party with respect to an investment in the Company or a merger.
Shares of the Company's common stock trade on the Over-the-Counter Bulletin Board ("OTCBB") under the symbol "AGRD." On September 16, 2004, the National Association of Securities Dealers, Inc. and the OTCBB were notified of the impending reverse stock split and its effective date.
I think after eliminating the stocks by going private he can still apply for the same symbol to represent the new company ana that way he would not lose the name brand that he is promoting.
BadBassPlayer; You said he said "its the only one (drill)we own" that does not disqualify Dr. D's statement of more than one drill witnessed on his flyover. Maybe CMKX has only one drill on the site but the others are owned by some of our JV's which are also miners and are also operating in the neighbourhood.
I don't know which one is the truth but just saying that what Melvie said does not disqualify Dr D's.
From the CMKX RB board;
By: cynicallacinyc
15 Sep 2004, 02:32 PM EDT
Msg. 547549 of 547551
Jump to msg. #
If you don't think this game is rigged then let me spell it out for you.
1. A sub penny stock receives 8 million in cash in ths last 2 months and makes no move: Bull*hit walks but cash talks and the price hasn't moved. Go look at any other penny or sub penny stock that has had a cash infusion o millions like that. Spiked to the moon as soon as it was announced.
2. This company now holds 200 Billion shares of a company that is trading at approximately 50 cents a share. that is 1 billion dollars worth of equity for those slow at math. Did the price move one Iota: He!! No!
3. UCAD announced they were going to proceed with the option to invst in CMKM diamonds which means they will soon infuse an additional 12 million into the till. It was on the CEO webcast at Green Baron. Did the price move any at all? No is still the answer!
So as you can see the market has manipulated the price of this equity. There is no other conclusion. Is it fair? No: Is it honest? No: Is it Happening? Yes: Can you or I stop it? No: Will it ever change? No: Why? Because the game is rigged and you have no say so in how it is played. You just have to play by the rules that are there. You see there are thousands of equities trading every day in the secondary market and every price you see is only relative to what the market makers want the price to be. You are their prisoner until they let it run. How many times have you bought a stock and it went down immediately after you hit the buy button. Damn near every time, right? Face reality. It doesn't matter if you pump or bash. It will move only when there are not a lot of individual investors left to make any money. Sorry but the reality check is necessary. Cynical for a reason!!!!!!!!!!!!!!!
(Voluntary Disclosure: Position- Long; ST Rating- Hold; LT Rating- Hold)