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MY OPINIONS RE: UCAD SPLIT
Again, I believe the following things:
1. A forward split is generally a good indication by management of solid business ahead.
2. A forward split is positive with respect to creating greater liquidity for institutional/fund participation.
3. Related to the above, greater liquidity makes UCAD a more attractive candidate for listing on a higher exchange based on a greater willingness for institutional participation.
4. I still believe the ucad dividend will be covered (possibly in waves which is why there may have been a lull as of late). With a stock price around $4.50-5.00, more retail investors will take a further position in ucad than they would if it were at $15. That's just inherent with lower prices and is why even companies like ebay or others do a split when the price gets "too high". So I think here that shorts will have more competition for shares so to speak (and there ain't that many to begin with).
HEY JANICE SHELL
UCAD forward split effective tomorrow, precisely as I stated based on the 10 days they projected from their initial PR. Just thought you might like to know since you made a HUGE deal out of it not happening on Monday, despite the process being out of UCAD's hands and in the hands of Nasdaq. Please don't respond. Thanks.
STILL LMAO
Anyone that is NOT here for money and is instead here for friendship, love and cuddling needs to probably check in to a clinic.
I will unabashedly say that I am here for me, myself, I and my portfolio. I like to invest in things that go up and not in things that go down.
I must be one big freakin' egomaniac for making this an INVESTMENT decision. LOL
The only disclaimer I would make to the above is that I WOULD like to see the short position exposed because I do believe they have bilked small investors of trillions of dollars over the years. That DOES offend my sense of integrity and justice. But hey, that's about money too, so I'll probably just have to live with the tag of "greedy, money-loving lawyer". It's ok. I've been called much worse.
WBJL
right there with ya jaimelee. roger is the reason i'm here. i doubt the shorts are smirking much. i think the vice-like grip on them is much tighter than the one on us. hoping next year we'll be dancing on the tables in vegas for sure. nighty night.
LMAO
That's just pure humor.
Personally, I bought into cmkx because I thought it was a good investment. To date, the pps is lower than my original investment and I know absolutely nothing about share structure or valuation. So you can list for me every good deed Urban has done in his life and I will not be there to celebrate any of it. But if he can get the pps up, I will celebrate. It's just that simple. Is this a cult that mindlessly worships the word "Urban" or did everyone just outright forget that this is an INVESTMENT first?
Unbelievable. I'm supposed to celebrate because Urban is giving away a Kia as a sign of his care for shareholders? LOL That's PREPOSTEROUS.
If anyone wants to pass on a message to Urban, here's a thought: "Thank you so much Urban. My nuts have been in a vice for about 4 months now, but thanks to this Kia, my CMKX Visa card, our race cars, Melvin's diahrrea of the mouth and a lot of positive energy by my fellow shareholders whose nuts are also in this vice-like grip, I can say that this isn't pain ... it's more like a sensual massage by the hands of Aphrodite." Urban may look at you blankly, but trust me that's FUNNY stuff. Don't let his failure to appreciate sarcasm fool ya. LOL
Good night everyone. I'm confident I've pissed off a lot of people today. But hey, for those that stand behind this line of thinking, maybe there's more than a few dozen shareholders that decided to save their money, invest it wisely, and avoid the likely disappoint of leaving Vegas going "I spent HOW much on that "appreciation"?"
BBASSPLAYER
1. I am not brilliant.
2. I never once claimed to have class.
3. I don't teach Sunday school unless you consider my little personal meditation every Sunday, which would probably bore the crap out of anyone's kids anyway.
Just setting the record factually straight. Happy halloween. Hope Urbie shows up with some treats rather than tricks.
BIG OLE CAN O' WORMS
Just some mildly amusing reading oddly showing up on this day of all days. Seems I'm a bit controversial today. The beautiful part is that nobody HAS TO READ ME. LOL That having been said, the following article certainly won't put any fires out. LOL
http://story.news.yahoo.com/news?tmpl=story&cid=2027&ncid=2027&e=1&u=/chitribts/2004...
GUMP90
I remain very comfortable with my position, in fact probably more so than before. I believe the progress being shown is good. Dividends are being distributed. That is good. UCAD appears to be taking steps that indicate a push for a higher exchange. That is good. Barry Rayment will be associated with SGGM. That is good. Kusmirski saw it fit to have a JV between Carina and CMKX with uranium. That is good. At many, many levels, things seem to be progressing, and that is good. Unfortunately, only the pps is not progressing. But I believe personally that this is a true one of a kind situation between a very well-heeled shorting entity and a trap that is (hopefully) ironclad. I am not surprised it has thus far only been a seeming tug of war. I am not disappointed either. I wish it had moved faster but it has not. I want more clarity but it is not coming. All I can say is that this is frustrating and I hope there's a damn good reason for it. I trust that there is. But that's about all it is right now -- trust and blind faith that this issue is being resolved correctly.
I don't blame anyone for losing faith at this point. I knew we would be tested and it would be very ugly. I still think it could get a lot uglier. We'll see. I firmly believe the short position still believes it can delay this out for a long while and end up losing less than they would today if they decided to cover. I still firmly believe Roger will make it abundantly clear that that is not the case.
Winner takes all. And I think we've got a hell of a hand.
LOLLYBELLA , NOT ONLY WILL I
Not only will I not celebrate BEFORE the pps has risen, but I won't even celebrate AFTER it has. Even if they gave us a cash dividend, I wouldn't celebrate. No, I will not be celebrating until any cash (whether through dividend or stock sale) not only clears whatever hold Ameritrade puts on it, but is WIRED INTO MY BANK ACCOUNT. Not until I have complete and full confirmation that any money I might make on this is IN MY HANDS will I actually formally celebrate. So I agree Lollybella on the absurdity of any premature celebration. :)
PS: To KMT -- I dont' claim to know what Roger is doing and I always disclaim everything as speculation and theory. And I have always acknowledged the high risk associated with this. If you don't comprehend that from my posts, that's your issue not mine.
WILLHUB
I disclosed last week that I used $1500 to purchase UCAD and GEMM ($750 each). My aim is to hedge the MMs not covering. If they choose not to cover in the next 60 days, I believe UCAD and GEMM will continue to rise. I will then flip UCAD and GEMM for hopefully a healthy profit and purchase more CMKX than I could today (assuming again that the shorts do not cover). If I am wrong and the shorts start covering CMKX, well then I am wrong but I still have my 75M shares of CMKX. And if I am wrong across the board and all go down and stay down, well then I'm REALLY wrong. LOL That's the penny arcade. Fun, fun, fun.
PS: I have another $750 in my account which I am laboring over the best way to spend it. I want GEMM at a much lower price so hopefully the shorts try another good shake.
VPL01 AND ANYONE ELSE OFFENDED
I do NOT apologize for my post.
The party is stupid because there is nothing to celebrate except confusion and a lack of clarity as of yet by the company on what the hell is going on.
I am investing in cmkx and not my fellow shareholders. This is a financial decision and I do not think of anyone here as family. There are good people who I hope succeed with this investment but business comes FIRST.
And I guess I didn't disclaim my Christian comment loudly enough (I thought I did). I meant no disrespect to Christianity or Christians but clearly feel that any company sponsored event should be devoid of religion. And I would say that if it were Judaism, Catholicism, Buddhism, Taoism, Islam or even Urbanism. ESPECIALLY when the party's in Sin City. My apologies to anyone that misinterpreted THAT portion but I DID disclaim it in my original post.
If you still have an issue with me, that's your issue not mine. As I said from the start, I ain't here for a popularity contest.
PS: Idea for the party - A rumor dunking booth. Anyone caught spreading a rumor has to go sit on the platform.
PPS: I do hope anyone that decides to attend has a great time. For the life of me, though, I can't see why anyone would attend unless they just wanted a vacation in Vegas anyway. And to them, awesome. Hope it's fun!
AGAIN RE: UCAD FORWARD SPLIT
To anyone having issues with the forward split, please re-read the press release.
"the Company will be filing the appropriate paperwork with the goal of having the forward split reflected at the earliest possible time. The Company anticipates that said change will be reflected by Nasdaq within 10 business days."
They stated their "goal" was the earliest release possible. The PR actually said "within 10 business days" and if you extend out 10 business days from the date of release, that would be wednesday anyway. It is out of the company's control and they gave their honest projection of the date. And I've very rarely ever seen a forward split NOT announced beforehand with advanced notice, so NO to anyone claiming that nasdaq approval should have been obtained first. The company performed reasonably and appropriately here in projecting an approximate date for the split.
Anyone seriously harping on this issue has some issues themselves.
BOARD REMINDER
My understanding is that anyone who addresses a known basher in a post makes it very difficult for the moderators to erase any response by the basher without getting into some hot water with Matt/Admin. Yes, the basher may have "started" it but let it go or post a response to them on the cmkx board. If you respond, they have liberty to post all they want on this board. In fact, this post alone probably opened the board up to bashers responding. But hopefully it will serve the greater good by preempting further responses. Thanks.
RE: UCAD FORWARD SPLIT
Pretty good summary of what's going on with ucad forward split below. No doubt bashers however will use the split approval process and any delay as an opportunity to bash and claim everything is falling apart. LOL
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=106479
LAUGHING PRETTY HARD
Sorry this is probably highly inappropriate but I just have to say that it is TOO damn funny to not comment on. Not only are they asking shareholders to cough up the bucks for a trip to be "appreciated" and not only did they pick one of the very cheapest cars ever made to give away, but now they are providing as entertainment a talent show put on by (you guessed it) .... YOU!! LOLOLOLOL I had to re-read that and blink a few times. I thought maybe my contacts had fallen out. But yes, not only can you come out to be "appreciated" but you can help defray entertainment costs by performing on your own. LOL
Add to that a clearly Christian agenda throughout the events (no doubt influenced by Christian Traders), and this has got to be the joke of the year. (Note: My comment has nothing to do with Christianity and everything to do with ANY form of religion present at a party in Sin City LOL tooooooooooo funny).
Here is what you can pay thousands for in Vegas:
1. "appreciation"
2. A chance at a Kia
3. watching your fellow shareholders perform
4. a christian contemporary singer
5. sunday services
6. someone painting
7. "special guests" as of yet unnamed
8. all of this way off-strip at the not-so-nice Texas Station
and imo the MAIN EVENT which will NOT be the revelation of Roger's plan but instead a few loaded shareholders who finally get pizzed off at the pps and start throwing bottles at Urban. LOL
Wheeeeeeeee. Can't wait for the reports back. Remember folks. 72 hour cancellation policy on many hotel bookings!! Cancel today! Operators are standing by!!
Got $2000 worth of more CMKX? LOL
http://www.ourbusinessweb.com/cmkx/events.htm
WOULDN'T THIS BE NICE?
Love the headline. Maybe CMKX someday? LOL
http://biz.yahoo.com/rb/041025/tech_google_stocks_2.html
Man, oh man, I seriously considered that IPO auction. I wish I had pulled the trigger.
OK THIS IS INTERESTING
Credit to Elvis for pushing this to be looked into further. I guess I was making an incorrect assumption. Based on the following, Sarbanes Oxley does NOT apply to stocks traded over the counter.
http://www.sec.gov/divisions/corpfin/faqs/soxact2002.htm
Thus, yes, indeed compliance with it would be odd for UCAD unless they were anticipating listing on a higher exchange. But we already know that is their goal. Nice confirmation though that they are taking this goal very seriously. And again, Roger Glenn is an expert in compliance for this area. This should facilitate a listing on any exchange.
Interesting. Most definitely.
ELVIS RE: UCAD PR
I believe it's nothing more than an announcement of compliance with impending Sarbanes-Oxley deadlines that all reporting companies must comply with. That having been said, however, it would conveniently correspond with the kinds of things that AMEX would be looking for with respect to corporate management before admitting any new stock to trading on their exchange. Did UCAD intend this to be an advance warning to the shorts along with their stock split? I don't know. I try not to read too much into things these days. However, I do see a stock split as a positive sign from management. I do see today's compliance announcemnt as a positive in terms of being ready with open corporate governance. And I have believed UCAD would like to to go a higher exchange. All of it seems to be an indication that this is still their goal. What the time frame is, however, is beyond me.
Inevitably they will announce the new board members before November 15 for UCAD and the following two things will happen:
1. Longs will cheer UCAD's selections
2. Bashers will trash UCAD's selections
You can bank on the above.
RUMORS THIS PAST WEEKEND
There were a lot of things to be disgusted with this past weekend on these boards and paltalk. But if you fell for any of it, you only have yourself to blame. I posted last week what not to believe, and all the crap about AMEX on Monday, IPO this week, blah blah blah fell into all those categories of what NOT to believe. The good news is that this lesson is being reinforced every week, week after week. Generally at this point, if you hear something online or on the boards, you can look at it as a contra-indicator about what to expect. That having been said, since I hear a lot of chatter on the boards about the "big" announcement coming in Vegas, I'll go ahead with the safe assumption that there will be no announcement in Vegas other than which side of the circus tent to get your corn dogs.
This thing will unfold when it does. And I highly doubt Roger or Urban will say anything at the party to give inside information on when it will happen and what is going on. And for god's sake, for those that attend the Vegas party, don't post crap back like "I asked Roger [xyz] and he said "no comment" but he said it with a smile that I could tell meant he knew a lot more." The following signs are off limits for interpreting CMKX people:
smiles
winks
eyebrows
nudges
laughs
nods
sparkles in eyes
twinkles in eyes
voice inflection
Ok, got it? Good. To those going to Vegas, please enjoy the heck out of your vacation. Hopefully you won't look back on it and wish you had invested it instead.
LOOKS LIKE THE CHOICE IS MADE
Given the GEMM Part 2 record date on Friday, looks like the shorts have made their position clear. They are not covering in the face of this IMO. Thus, I look forward to my SGGM dividend which presumably will be coming after the shorts are locked into GEMM Part 2.
As for today's UCAD pr, I interpret it as nothing more than an announcement on compliance with the Sarbanes-Oxley Act deadlines (November 15 I believe). By the way, Roger's publication on Corporate Responsibility focused exclusively on Sarbanes-Oxley compliance. One thing we can be confident on IMO is complete and open corporate governance, which generally speaking leads to a lot less opportunity for anything unethical or illegal on management's part.
As for my newly available funds, my intended goal is to purchase GEMM, flip it at several times its current price and then be able to buy that much more CMKX. We'll see if that opportunity materializes. Right now, I am holding back on buying GEMM. I sense that there will be some volatility prior to the distribution dates. I'm hoping to get into GEMM under .1 but we'll see. It just depends on how much of the float has already been taken out and how hard the shorts decide to shake it (duh - pretty hard imo). I already bought at .16 last week. I'd like them to shake it down to .06-.08 so I can have a nice average down. I have no idea if they will be able to do that, but if they do, I will be buying.
JMRSAGE
Can only ignore 5 and they just kept multiplying!!! It was so hard to choose which 5 that I didn't want to discriminate!! :)
Nighty night.
OK EVERYONE
I must go to bed. I know nobody listens to you any more and with my appearance, you thought maybe you'd have a chance to get some really good bashing in, but alas, I must get some rest. I feel bad because my love for you is boundless. Ok, ok, everyone in. Group hug. You too Churak and TSXMiner. C'mon you ole nubby-nubbies. Get in here for big hug. There. Doesn't that feel better? Ok, I am going to miss you guys. It will probably be months before I feel disinfected enough to risk posting here again, but please take care. This is a very special board.
TRADE15 REDUX
Let's see:
Ranked #128 in firm revenue.
Ranked #135 in firm size.
Ranked #23 as counsel for debt issuance.
Considered one of the very best for private equity representation.
And just in case you missed it, take a look at their client list.
But surely you jest. Are you still seriously, honestly, truthfully here arguing that Edwards Angell is not one of the nation's best law firms? Ok, please just go on the record and say that. Please. LOL
This is a riot!!
LOLOLOLOLOLOL
One cheap shot after another. I can see that I have saved myself endless wasted time and energy by avoiding this board for the past few months. Some things just haven't changed -- namely the impotency of the bashing on this board.
Bashers, carry on amongst yourselves. I have no idea why you exist and do what you do for up to 40 hours/week. In fact, I already feel unclean having posted anything at all tonight in response to the bashers. I don't know why I did. Now I need a shower.
ADDENDUM
oops left out:
11) with a uranium deal in place
12) with advancing interests in Ecuadorian gold
13) with a director of Bema Gold now involved
14) $10 million banked from SGGM
15) LPI now trading on the London Stock Exchange for added UCAD funding
16) a second round of GEMM dividends
17) and drilling 24/7
I'VE CONCEDED SEPT 1
I think I was right on what was happening but wrong on the time frame. I've conceded I'm wrong about the time frame. In the mean time, have any bashers conceded anything? Nope. And yet here we are: 1) without cmkx in bankruptcy, 2) with roger glenn still our lawyer, 3) without an sec investigation, 4) without an sec halt, 5) with shareholders receiving their dividends, 6) with UCAD 4x its price 2 months ago, 7) with GEMM 4x its price 2 months ago, 8) with Kensington/DeBeers significantly advancing their FALC investment, 9) with Shore Gold racking up the diamonds on the way to economic viability, 10) and with the bashers unable to prove ANYTHING yet with respect to what the actual tradeable float is.
I conceded I was wrong on timing. So far the bashers have conceded nothing. But then again, did anyone ever expect them to?
One thing is for sure. EVENTUALLY either I will be right or the bashers will be right and ONE of us will get to say "told you so". The only difference is that if I get to say it, I'm rich. If they get to say it, all they get to do is say "Told you so". What a joke.
THINGS I BELIEVE
I believe there is a short position. A very large one.
I believe the shorts have by now figured out that they can NOT cover the UCAD dividend on the open market.
I believe they have figured out that they cannot cover the CIM dividend on the open market should the company go public or reverse merge.
I believe they have figured out by now that they can NOT cover the GEMM first dividend on the open market, let alone the second one.
I believe we will get an SGGM dividend of which I believe the shorts have probably already figured out they cannot cover on the open market either.
I believe as a result of all of the above, a deal of some sort will be struck at which point we will see covering on cmkx. Not until then. And when that happens is still unknown. If the shorts continue to remain stubborn, it could take a few more dividends. If they are finally seeing the light or perhaps get prodded in that direction by the DTC, it could happen soon. Until then, I believe the share price is meaningless. I will be buying GEMM this week if they drop it to .10 again. Only $750 worth. Yes, that could be 3.75M shares of cmkx but right now I have 75M already and I'm betting on the shorts continuing to be very stubborn which will bring a much higher GEMM price in November and hopefully bring me a much higher number of CMKX shares on my flipping GEMM. We'll see.
I don't think I even realized how right I was about September 1 being Roger Glenn hammertime. I just thought it would take effect sooner. But on that date, the shorts took the bait and had by then walked into both the ucad and cim dividends, never to escape. They could have covered before then IMO and avoided all this. Yes, it would have been costly and might have driven cmkx up well into the pennies but imo it would have been a LOT cheaper than where they are today (basically at the mercy of roger imo). But after September 1's record date, they were LOCKED IN imo. I think the shorts honestly were in denial about any of this actually working and sticking it to them. I think GEMM was provided to accelerate the shorts' realization of the trap they were in. Was the second GEMM distribution the straw to break their backs? We'll see. At some point, I truly believe they will have to come to the table and strike a deal -- you can only imagine the possibilities that open up on any such deal.
Now, as if the above isn't controversial enough, I will add this to the thinking. I think whatever deal is struck will help the shorts. That is, to have a full accounting of everything and to get the shorts to actually pay up timely and efficiently, I believe the shorts will be given a future in cmkx. they will have to pay through the nose NOW for what they have caused but I believe the deal will be struck in such a way that the shorts will have a vested interest in cmkx's future success for their OWN success (that is, if they have any desire to get out of this with financial success). why would this be offered to the shorts? because, imo, a) you DON'T want these people to continue to have a vendetta against you b) it would ALWAYS be better to have big money ON your side instead of against you, and c) by the time I believe they would profit off of cmkx, the anti-shorting rules would be much stiffer and they would not be able to continue these types of abuses.
Again this is all just my opinion. But I simply do NOT see how the roaches can escape the motel at this point. They are in imo, they are stuck imo, and they will do what they need to to get out imo. Even if it means a direct deal under the guidance of roger.
take it all for what it's worth. i believe cmkx will finally move when the shorts finally give up their arrogance and accept the situation they are in. they have not yet imo. imo they will soon.
TRIPLET GREAT QUESTION
Perhaps one of the few people attending the Vegas party can ask Urban and Roger this exact question. It's two weeks since the distribution date and I have not received my UCAD dividends for the CMKX shares upon which I pulled my certificates. It's a bit odd to me.
FRANK - THE TRIPLE THREAT
Remember my post from last night about what not to believe. Frank's posts violate 3 of the rules, all at once.
Based on his sources and information, he violates:
Don't believe anything from your broker.
Don't believe any rumor from Paltalk.
Don't believe any rumor from the races.
LOL Believe it if you want. It stand in violation of all that we have learned. I believe ONLY things that Roger approves (or implicitly approved such as a filing or formal PR or submissions to NASD). Outside of that, these fruitcakes coming on the boards and posting the latest rumor as if it's fact ought to be investigated by the SEC.
RICHIEBOY
I have stated expressly that my aim is to make money on GEMM to then invest in CMKX. I figure if the shorts want to continue to play the waiting game and keep the price suppressed on CMKX through all the dividends, then I am going to make money on GEMM as they (IMO) will have to cover the GEMM dividends and then I can purchase MORE shares in CMKX. That's my GOAL. Whether it works or not only time will tell. In the mean time, I have 75M+ CMKX and that's plenty to make me happy. I just figureI can buy another 7-10M shares of CMKX now or I can roll the dice with GEMM for the next 60 days in anticipation of a runup come dividend distribution and possibly then buy 3-10x as much CMKX, depending on how GEMM works out. We'll see. As for Roger's job or any filing, I have never known the timeframe or what factors may speed it up/slow it down other than the usual legal, accounting and bureaucratic issues. Everything could fall into place tomorrow or much, much later. Who knows. I'll be here when it does. In the mean time, GEMM is a good hedge to me if this takes longer than anyone expects.
CLEANING HOUSE ON GEMM
As I said, they are cleaning out the .12-.18 area imo. Pretty good bounce today. IMO, most of the 30M float has been bought up by retail and possibly some other MMs for the ride up. Again, I look for them to jerk this around in this area until they are truly getting no more sells from the volatility. Again, we are watching pros at work. But the bottom line is that if you believe the UCAD explosion was due to dividend covering (I do), then November should be a fabulous month for GEMM. Let's look at a few facts and figures:
7.5M share distribution on UCAD with 1.3M share float = 5.76 ratio
225M share distribution on GEMM (both parts) with 30M share float = 7.5 ratio
Anyone shorter will be in much deeper based on the shares needed versus available ratio on GEMM. PLUS, I think more people are on to this pattern than in UCAD, so I think more retail will have taken out a larger part of the float than they did on UCAD. PLUS, UCAD once it hit $10+ was a big turnoff to investors based on just raw price whereas even at .20, investors will still see this as a huge potential percentage return and feel more comfortable buying it, i.e., shares will continue to get taken out by retail.
Now let's look at this number:
To cover the UCAD dividends per million shares of CMKX, shorts would have to pay roughly $144 per million, assuming a price of $15. And it seemed they were willing to pay it!
Right now at 12.5 cents on GEMM, this amounts to $12.50 per million shares of CMKX. Naturally the shorts would LOVE to continue covering dividends this cheaply. It's STILL considerably cheaper than covering CMKX at $200 or more per millon shares. But my point is not only do I think the shorts will go a LOT higher to get shares of GEMM based on how cheap they are today, but I think based on the ratio of shares available, they will HAVE to and to a LARGE degree.
All just my opinion. And believe me, I ain't pumping since I want to buy MORE next week and as low as possible. LOL I hope the MMs can work it down and keep it under .1 for next week. I will gladly load up.
READ THIS
Great find by Nuffy on the CMKX thread. Read this and you will never believe another word from Stockwatch "journalists" again. Note the initial comment from the Supreme Court of British Columbia "the conduct of the defendants in the conduct of this action and in the manner on which it reported on the proceedings was sufficiently reprehensible as to merit an award of special costs." Also, this was great: "the Mudry [stockwatch "reporter"] articles were one-sided, harsh and contained extravagant epithets such as the characterization of Dr. Ager as "a peddler of worthless salted property"". LOL Oh just read it. It's a hoot. And pretty good insight into whether or not you should read one word of Lee Webb.
www.lawsonlundell.com/resources/DefamationBriefingNote_June2003.pdf
Also for another hoot, check out this link, wherein poor little Canjex Publishing, owner of Stockwatch cries and cries about how poor they are and how this suit will possibly bankrupt them because they have nooooo money. I leave it up to you, the reader, to decide if you think Stockwatch is really a penniless, no-asset company or simply a shell for the much larger short hedge funds to continue to publish hatchet jobs with impunity on stocks they could be shorting. You know MY opinion.
http://www.courts.gov.bc.ca/Jdb-txt/CA/03/06/2003BCCA0612.htm
LOOKS LIKE I'LL BE DOUBLING DOWN
LOL Well, I knew it when I bought GEMM but went ahead and did it anyway. Way too much time before the covering has to begin in earnest IMO for GEMM so looks like the big shake is on. I have funds available again next week (only $750) and I WILL be doubling down on GEMM. Dear MMs, if you would like to shake it down to .04 again, please feel free to do so next week so I can buy more.
This is an investment for November IMO. I do wish I had waited to get in cheaper however I do still believe as a result of dividend covering that GEMM will eventually reach $1 in late November/early December. Until then who knows. If I can average in at 10 cents, I'm going to be even happier than an average of 16 cents. I hate playing this game, but that's the way it works IMO.
BUGSCOE
I debated pointing out the UCAD forward split in my post. Yes, it "came true" but I just didn't see that as any really big deal. Rendal said that if the stock price rose a lot higher, they'd split it 3 for 1. It did. No big deal. In terms of importance, this "rumor" rated about a 1 on a scale of 1-10. In the long run, the split is a good thing IMO but for now, it just won't have much of an impact on anything. As for predicting gold mines, that was a pretty wide open assumption we all assumed UCAD was pursuing anyway in Ecuador. Not much of a rumor there. For that matter, Topo "predicted" a PR last weekend. Big deal. Someone probably told him a PR was coming. So he got that right even though he didn't know what it was. I still wouldn't believe a word he or any other poster says at this point.
(and i know you meant your post nicely, I just wrote the above because I'm sure dozens others said "yeah, but the UCAD forward split was right" LOL)
ADDENDUM
15. Believe nothing from a discount broker because they screw up info
16. Believe nothing from a full service broker because they screw info as much as discount brokers
LOL
THINGS CMKX HAS TAUGHT US
1. Believe nothing from Melvin.
2. Believe nothing from the races.
3. Believe nothing from Topo.
4. Believe nothing from Raggs.
5. Believe no rumor emanating from Paltalk.
6. Believe no rumor based on the timing of any CMKX marketing event.
7. Believe no timeframe provided by ANYONE.
8. Believe nothing with the word "De Beers" in it.
9. Believe nothing with the words "tender offer" in it.
10. Believe nothing with the words "cash dividend" in it.
11. Believe nothing written by StockXXXXXXX (fill in the rag of your choice)
12. Believe nothing written by a basher posting over 10x per day
13. Believe nothing by someone who heard something from someone
14. Believe nothing scanned in to a jpeg and posted online
So who can you believe? Roger Glenn. What can you believe in? IMO, nothing but the faith that this man has put in place a plan to extract CMKX from the vice-like grip of probably one (or several) of the most powerful short entities today. You can PROBABLY also believe most of the PRs as they unfold (subject of course to dividend dates changing). The rest is up to you to piece together the VERY circumstantial evidence that is lining up and make your PERSONAL decision about whether you believe in Roger or not. Please note that virtually every rumor and belief has fallen to the wayside. So investing energy in proving or disproving them is useless.
Oh, and the only actual theory that has proven correct so far is my Popcorn theory which states "It is better to eat popcorn and enjoy the show than to try to predict what will happen next." LOL
Sorry but I just had to say all this. The last 2 weeks have seen a TON of new rumors and misinformation swirling around ALL OF WHICH SHOULD NOT BE BELIEVED. More will surface. More will prove untrue. Everyone assumed Urban's interview meant a filing was ready. Everyone assumed they moved the vegas registration date because "the bomb" would be dropped. The list goes on and on. Assume NOTHING except that you don't know when good things will happen. And if you believe that good things WILL happen even though you don't know when, you'll stay invested.
Good night. Go Red Sox.
THE SCAPEGOAT
Who is at fault for this mess that has happened? IMO the blame will shift as follows.
The market makers will say "It wasn't us. We simply executed trades at the direction of our clients and met all appropriate requirements for our clients maintining adequate reserves and security."
The DTC will say "It wasn't us. We have a system in place that apparently was taken advantage of by some very clever crooks. We need to look into this further to make sure this kind of thing doesn't happen again."
The SEC will say "It wasn't us. In fact, we've aggressively made efforts to stop this exact kind of abuse with our new short-selling regulations set to go into full effect soon."
In the end, IMO, the scapegoat (and rightfully so) will be the very large hedge funds that have profited off of this for a decade. The MMs, DTC and SEC all KNOW about this but have done nothing. Now IMO they will have an opportunity to express their outrage and "take steps forward" to cure these ills. Hopefully they have diligently uncovered exactly which hedge funds are driving this because SOMEONE is going to have to come up with the funds to cover.
Who are the literally hundreds of bashers on RB and here that post several hundred times a day? Who is providing the motivation to ALL the known hatchet jobs (StockBotch, StockPatrol, StockLemon)? IMO it is the hedge funds that are in trouble and at serious risk. If they haven't already transferred as many of their assets as possible elsewhere, they're probably in the process. This one's going to be a doozy IMO because Roger is doing this RIGHT. I have never seen a short position handled this way before. IMO, he is using the DTC and SEC to properly document and correct this issue. It takes someone intimately involved with the way this all works and, being a former SEC man and CPA, Roger knows the system and how to provide transparency to everything that is happening. This will ensure IMO that the proper market mechanics kick in to resolve the naked short issue I believe exists.
IMO, there should be some very large (if not the largest) hedge funds going down and out.
HUMPTY RE: GEMM
I said earlier this week I expected them to clean out the .12-.18 range first before a higher move. I bought at .16 in the event they decided not to drop it. I will double up (double down for you blackjack folks) if the 29th rolls by and they haven't started covering cmkx. Rarely have I ever made money in a penny stock by buying perfectly at the bottom. Almost all my best gains have involved riding through the gyrations until it's higher. Good call Humpty and yes I agree, .13 is a good price to reload. I will wait on reloading until it either goes a lot lower (if it does) or until the 29th passes.
GRUMPS - ARTICLE WORKED WELL
Assuming 2/3 of today's volume were sells, they got about a whopping 25k shares sold thanks to Lee's hatchet job. LOL If I'm correct, I believe there are over a dozen such hatchet jobs on CMKX and UCAD combined now. Why all this fuss over a wee little .0002 stock? You'd think they'd realize by now that these articles are having NO effect whatsoever.
REDBABY
Thank you for the compliments. I hope you are having a wonderful evening as well. May you brighten the lives of others as you have brightened mine.
Hugs, kisses & smooches galore.