Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
hamrefugee
Urbie doesn't have the brains for this game. He's the dolt that allowed the mess to transpire in the first place. The shares issued during the CMKX period are legit ( If the opinion letters hold up ) , but the numbers don't add up prior to 2004.
trade15
hamrefugee
Well you can think what you want. But it's not BS. You don't understand this saga as well as you think you do.
trade15
puppydotcom
Someone should ask David Jmar when exactly the closet episode actually happened.
trade15
kkgd
Remember those rantings on Raging Bull about the TA and some of the insiders involved with CMKX ? What really went on before the symbol change to CMKX ? That's when the fox was loose in the hen house.
trade15
kkgd
There's a difference in the shares issued during the CMKM and CMKX period. I know exactly how many shares were issued before the symbol change and have the trading numbers that show something very interesting.The shares issued during the CMKX period were legal, but the opinion letters are questionable.
kkgd
I'm curious to see who's going to resolve the problem. It won't help the people who bought once the company traded under the symbol CMKX. But the real game is with the shares issued during the CMKM period.
trade15
janice
" CMKX hasn't even traded in a year and a half. There are no fails. No significant fails were EVER reported. The TA sent certs to everyone who wanted them. "
Actually they haven't . One CDN broker hasn't been able to provide me with a cert for the free shares I had left.
trade15
janice
This post from Raging Bull is close to what actually happened during the early years of CMKX Diamonds. The only people who have any chance of ever receiving anything from this whole mess are those who bought their shares during the CMKM period or earlier. Someone should ask Deli what time period the shares that he holds personally were actually issued. During the CMKX period the only questionable actions were the merit of the opinion letters which allowed the massive dump of shares into the market.
" BY: DrillBit POST NUMBER: 387962
REPLY TO: 387940 BY: bobbybdb011
Bobby, long but please digest this: rbitulsa Can 12,000,000 shares make a difference? « Thread Started on Jan 19, 2006, 2:51pm » -------------------------------------------------------------------------------- Could 12,000,000 CMKI shares "awarded" between 1998 and 2001 have had a significant effect on what happened to CMKX in 2004? It's possible... (1) when they are deferred compensation stock awards, (2) with a 5 to 10 year term execution term, (3) protected by an anti-dilution clause, (4) representing as much as 40% of the O/S at time of award, and (5) when control is purposely hidden from future investors, officers, and business associates I'll pose the following for discussion: (1) There is enough evidence to look into the possibility that an individual or very small group took at least 40% control of CMKI in the very early stages of CMKI (if not from the very beginning), via the issuance of unregistered and deferred compensation stock grants (meaning the shares were awarded to the "holder", and considered part of the outstanding for reporting purposes, but the actual issuance was deferred), primarily through S-8 grants, where the individual or group had the option of when to elect the issuance of these shares. (2) There is enough evidence to look into the possibility that the "holders" of these shares used multiple trusts and front companies, each holding a small percentage of the controlling person(s) total ownership, as a means of (a) evading the beneficial ownership reporting requirements, and (b) hiding the control from those who chose to do future business with the company (including investors). (3) There is enough evidence to look into the possibility that this ~40% (or more) “unissued” control of the corporation sat dormant, and hidden, sometimes as long as SIX YEARS, until it was strategically used, beginning sometime in 2003 and ending sometime in 2004. To clarify, I’m not arguing that this person or group controlled no more than 40% of the corporation, but that some portion of their ownership/control was gained between 1998 and 2001 (prior to the FALC merger) using deferred stock protected by an anti-dilution clause. Any shares they received or purchased through other means (or using similar means after 2001) would increase their majority ownership, quite possibly above 50%. Let’s look at some historical information: CMKI reported 30,561,038 shares outstanding as of June 13, 2001 (per their DEF 14A). If you look at the Master Shareholder list, it shows that only 16,555,109 shares were issued as of June 13th, 2001. So the total reported shares outstanding exceeds the total reported issued by about 14,000,000 shares on 6/13/01. It is possible that the 1998, 2000, and 2001 S-8’s reconcile the difference. These 3 Equity Plans registered a combined total of approximately 14,000,000 shares, which could be used (in general) to issue either employee stock-options, or deferred compensation grants to others. It appears these 14,000,000 shares were shown as "outstanding" only for reporting purposes, but were not "issued" at the time, only "awarded" under the S-8's. The filings indicate that Samual Singal, then the President of CMKI (an employee) was issued 2,000,000 shares (pre-split) under the plan. But 100% of these shares were executed by Singal in August of ‘01, and the master shareholder list accounts for all issuances of shares to Singal, as reported in CMKI’s filing. This leaves 12,000,000 S-8 shares, at least ~98% of which were awarded to non-employees, and subject to the deferred compensation stock and anti-dilution provisions. Why is this worth looking into? It is worth considering because of the possibility that these 12 million shares, when considered together, represented and un-dilutable right to 40% control in the O/S, whenever the owner(s) chose to execute the issuance of the shares, and irrespective of what the issued was at that time. « Last Edit: Jan 19, 2006, 4:18pm by rbitulsa » Link to Post - Back to Top Logged eshille Diamond Finder and Miner member is offline happi dancers Joined: Aug 2006 Posts: 2,083 Re: rbitulsa « Reply #1 on Yesterday at 9:56pm » -------------------------------------------------------------------------------- con't: We don’t have to look further than Tinto Inc. and Duval Inc. to see the damaging effects of such hidden and anti-dilutive stock awards. (A) Review the initial SEC filing for CMKI (the 10SB-12G filed on 8/3/1999, when CMKI was a holding company for CM300 showing: Name of Beneficial Owner Owned Outstanding - - --------------------------- ------------ ----------- Samuel Singal. . . . . . . . . . . . . . . 4,130,000(1) 67.7% Chancery Corporate Services. . . . . . . . 1,000,000(2) 16.4% (2) The address for Chancery Corporate Services ("CCS") is Nassau, Bahamas. CCS is the corporate trustee with full voting and dispositive authority for the trusts which own Tinto Inc. and Dungavel Inc. Each of Tinto Inc. and Dungavel Inc. own 500,000 shares of Common Stock. (B) Compare against the master shareholder list in the relevant period – no record of any issuance to Tinto or Dungavel during that time period. (C) Review this excerpt from the DEF14A on 6/23/2000: "Section 16(a) Beneficial Ownership Reporting Compliance…” the Company believes that, during the fiscal year ended December 31, 1999, the filing requirements applicable to its executive officers, directors and ten percent shareholders were not fulfilled or not fulfilled on a timely basis." (D) After this filing, there is never a mention again of Chancery, Tinto, or Dungavel – (E) 3-1/2 years later in January of 2004, almost 6 years after the incorporation of CMKI, and long after the death of CM300 and the exodus of Samuel Singal, long after the transfer of the corporation to Jarvis, and from Jarvis back to “The Vegas Group”, Tinto, Inc. and Dungavel (aka “Duval Inc.”) make their stealth re-appearance on the CMKX T/A list. Tinto & Duval’s combined shares move from 1,000,000 shares (granted) in ‘99, to zero shares (reported) in 2000, to 35 Billion shares (issued) in January 2004 (note: equal to about 16% of the O/S at the end of January), to zero shares (held in cert) by June of 2004 (Interestingly, both Tinto and Duval surrendered the last of their shares on the day Edwards and Angel was named as our counsel). (6) The question remains, were there possibly 12,000,000 other shares out there with the same type of destructive ability to collectively affect a increase in the O/S by as much as 40%, and at the holder’s time of choosing? Were these agreements properly disclosed? The 34,999,000,000 gain in shares by Tinto Inc., and Duval Inc. represents just 2 of more than 80 such “front companies” which can found on our master shareholder list in 2003 and 2004; some of which may have been granted (or transferred) similar deferred and anti-dilutive awards. Other questions to ask are: Why would a dead-in-the-water company (CM300) incorporate in the U.S., register its shares, and issue a controlling interest through deferred compensation anti-dilutable shares? What is the benefit to be gained? I would suggest that we consider the possibility that Singal’s CM300 Corp was financed by a group from Vegas going as far back as 1996. I would suggest that in 1998, when it was evident that CM300 (a “computer gaming company” based in Toronto) was failing, with inadequate assets available to cover the Vegas Group’s loans, these financiers concocted a plan to move CM300 into a U.S. shell, converted the CM300 loans into deferred shares with anti-dilution protection, moved Singal and the CM300's remaining assets out the door, and began the search for a “mark” to move into the shell. I would suggest that from 1998 through at least the end of 2003 (and possibly well into 2004), these same Vegas financiers maintained control of the CMKI/CMKX shell, via their past S-8 awards and other similarly dilutive and sometimes-hidden financing arrangements. I would suggest that the reason that a single preferred share was created and used to “transfer ownership” of the corporation from Singal to Jarvis, then back to the Vegas financiers, is because the use of a preferred share allowed the financiers to keep their deferred share awards hidden and intact. We know with some level of certainty from past filings that Ian McIntyre was from Toronto and was “a consultant in the computer game industry” in the 90’s. We know that Ian McIntyre was the signatory on at least several of John Edward’s front companies. We know with some level of certainty that John Edwards controlled Tinto, Inc. and Duval Inc. And we know that Ian McIntyre was the sole officer and director for over a year following Jarvis’ “sale” of CMKI back to the Vegas financiers. We know with some level of certainty that Urban Casavant did not “buy” the CMKI shell. Rather, according to Jarvis (and other information), it was the Vegas group of CM300’s financiers who purchased CMKI back from Jarvis (after Jarvis figured out the shell was corrupt) in late 2001; CMKI was completely dormant for almost a year, before merging Urban’s FALC claims into the shell in late 2002. We know with some level of certainty (according to the DEF 14C) that the Vegas financiers had financed Urban’s acquisition of the FALC claims between March and September of 2001. We know that this same group forgave over $10,000,000 in financing, in exchange for 85.8% of the outstanding stock (over 96% of it newly issued) at the time of the issuance, in late 2002. At the time of the merger between CMKI and the FALC claims, was UC made aware of the hidden, non-dilutable, deferred compensation stock awards from 1998 through 2001? We know that when Urban moved the FALC claims into the CMKI shell, the auditor, attorney(s), and CFO were all “provided” to him, and all of these critical people were affiliated with John Edwards. Aside from the 35 billion in deferred stock executed by Tinto and Duval in January of 2004, how many of the remaining shares issued in 2004 might have been issued based upon other hidden, anti-dilutive deferred stock agreements? Did you and I pay the Vegas’ group back for their failed loans to CM300? How much profit did they receive as a result of their deceit? It was always interesting to me that the repurchase of shares from ’03 and ’04 were, in total, almost exactly equal to the number of post-split shares received by Urban’s lenders in the FALC merger. The appearance, at least, suggests Urban was attempting to buy the financiers out of CMKX, and possibly take the corporation private. Was Urban being deceived by his Chief Financial Officer and others about the true nature of Urban’s control in CMKX? Did Urban discover in early 2004 the real nature of his limited control of CMKX? It is my opinion that the Brian Dvorak letter to 1st Global in early 2004 suggests just that. It is my opinion that the “Dvorak letter” provides a pivot point in the CMKX timeline; a fight for control, perhaps. Most of want desperately to know what went on in 2004 and 2005. And no one I know has figured it out yet. Never-the-less, if we are ever to truly understand what happened after Edwards and Angel came on board (for example), we must try to get a grasp on what happened in the past, and why. No one can truly know what happened behind the scenes from 1996 to 2004. And CMKI/CMKX isn’t known for it’s openness. Which leads us to search for information on our own, and make judgments about our findings, which is what I have done here, and offered up for further discussion. Corrections and diverging opinions are welcome. Excerpts from CMKI’s 2001 S-8, and from the follow-up DEF 14A "Holder" means a person who has received an award under the Plan. "Nonqualified Stock Option" means any Stock Option that is not an Incentive Stock Option. "Deferred Stock" means Common Stock to be received, under an award made pursuant to Section 8, below, at the end of a specified deferral period. "Stock Appreciation Right" means the right to receive from the Company, on surrender of all or part of the related Stock Option, without a cash payment to the Company, a number of shares of Common Stock equal to the SAR Value divided by the Fair Market Value (on the exercise date). Excerpts from CMKI 2001 Performance Equity Plan (S-8 Filing): Common stock issuable…under the 2001 Performance Equity Plan 10,000,000 $.12(1) $1,200,000 (1) Based on the last sale price of a share of our common stock…on May 15, 2001 (2) Pursuant to Rule 416, there are also being registered additional shares of common stock as may become issuable pursuant to the anti-dilution provisions of such plan. Excerpt from the 2001 DEF-14A (relating to the S-8): The 2001 Plan authorizes the granting of awards, whose exercise would allow up to an aggregate of 10,000,000 shares of Common Stock, to be acquired by the holders of such awards. In order to prevent the dilution or enlargement of the rights of holders …the 2001 Plan is subject to equitable adjustment in terms of any award (both of shares and price) by the board of directors in the event of any increase or decrease in the number of shares of outstanding Common Stock … Excerpts from CMKI 2001 Performance Equity Plan (S-8 Filing): The Plan shall be administered by…to the extent possible…"non-employee directors"…and "outside directors". The Committee shall have full authority to award, pursuant to the terms of the Plan: (i) Stock Options, (ii) Stock Appreciation Rights, (iii) Restricted Stock, (iv) Deferred Stock, (v) Stock Reload Options and/or (vi) Other Stock-Based Awards. select the officers, employees, directors and consultants of the Company or any Subsidiary to whom Stock Options, Stock Appreciation Rights, Restricted Stock, Deferred Stock, Reload Stock Options and/or Other Stock-Based Awards may from time to time be awarded hereunder. permit a Holder to elect to defer a payment under the Plan under such rules and procedures as the Committee may establish, including the payment or crediting of interest on deferred amounts denominated in cash and of dividend equivalents on deferred amounts denominated in Common Stock; …the Committee may, in its sole discretion, at the request of the Holder, deliver upon the exercise of a Nonqualified Stock Option a combination of shares of Deferred Stock and Common Stock; provided that, notwithstanding the provisions of Section 8 of the Plan, such Deferred Stock shall be fully vested and not subject to forfeiture. …a Holder, with the approval of the Committee, may transfer [Non-Qualified Stock Options]…by gift, for no consideration, or… to or for the benefit of the Holder's "Immediate Family"…or [to] a trust in which these persons have more than fifty percent beneficial interest, and a foundation in which these persons (or the Holder) control the management of the assets. The Plan is intended to constitute an "unfunded" plan for incentive and deferred compensation. With respect to any payments not yet made to a Holder by the Company, nothing contained herein shall give any such Holder any rights that are greater than those of a general creditor of the Company. Option Term. The term of each Stock Option shall be fixed by the Committee; provided, however, that an Incentive Stock Option may be granted only within the ten-year period commencing from the Effective Date and may only be exercised within ten years of the date of grant (or five years in the case of an Incentive Stock Option granted to an optionee who, at the time of grant, owns Common Stock possessing more than 10% of the total combined voting power of all classes of stock of the Company ("10% Shareholder"). "
janice
Who is this cautious character ? I keep reading about this Paltalk member but have never seen any background about this person.
TIA
trade15
gump
Who is this Cautious character on Paltalk ? He seems to be a Canadian who must live out west. Seems that many on Paltalk look up to him as a reliable source of info. Is he just another loonie or someone who actually knows something about CMKX ?
TIA
trade15
janice
Some say there isn't such a thing as an organized group of paid pumpers on IHub. Well if you have a subscription to stockpromoters.com you may come to a different conclusion. After a few weeks of following the latest promotions as listed by stockpromoters.com and seeing the same usernames on each new promotion .It would seem that there are a number of posters on IHub who need to add a disclosure to their posts. One of these days their luck may run out and the SEC may come knocking on their doors.
trade15
sorry pantherj
I just assumed that janice had replied . I should have looked to see who had replied.
trade15
thanks janice
Surf's latest username here seems to be mountnman. Seems he couldn't handle the flaming on Raging Bull. He's had to kiss some butt here on IHub to get back on one board .
trade15
janice
Where should I know the username Ravenpeach on Raging Bull from ? I know the name from somewhere but can't remember which stock. Anyways it's posting on the SMMW forum lately. I also see the Mountnman character ( Surf ) is back on IHub posting about SMMW.
TIA
trade15
Investorman
Sorry I didn't see your post , been in my car shop building a ( Joe Cell ) for the kids to experiment with. Around the year 2000 ROK.V was the symbol for Rock Res. A stock that many CDN penny players got taken to the cleaners on. Kennedy was quite the character and the ended with a great deal of controversy. Kennedy would've just loved convertible debentures and being on the non-reporting Pinksheets. I haven't checked up on him lately , so it's quite possible that he's playing his game on the Pinks.
trade15
Jim
I really hate that symbol ROK. I own it now , but it always gives me bad memories of the previous company ( Rock Res ) who had that symbol. Do you remember Kennedy and his diluting ways ?
trade15
Chas56789
So which one are you ? Are you Oaks , Acca , Sterling , ElCamino, Surf, Abbadud, or one of the insider crowd ? Poor attempt at the damage control bud.
" IMHO This Lawsuit is being filed by an Investor who does not want to except responsibility for their own investment action. It's exactly whats wrong with America Today. "
trade15
rabblerouser
Here's something to think about. Was the lawyer that your group was expecting to represent you scared off by Urbie's camp , or by another group involved in this sordid mess ? My hunch ,is that most of these supposed hopes and dreams of wealth originated from another group involved here.
trade15
Won't be hard to find him next summer from what I have heard. I only have free shares left that were bought during the CMKM period. I still suspect that there could be some unexepected development for people who bought during that time.
trade15
rabblerouser
Like I mentioned before , the best way for you to receive restitution for your CMKX loss is to confront Urbie. He'll pay off any Canadians who aggressively go after him since he wants to return here.
trade15
Investorman
Here we don't have to hold for more than a year to have the capital gains tax exemption which applies to only 50% of the gains. Depending if it's a gain or loss we can move it forward or back. If I remember correctly US citizens have to hold for more than a year to benifit from a more reasonable tax rate.
trade15
Janice
Here in Canada we are able to use a capital loss to offset a capital gain. We can move a capital loss forward or back to other years were we do have capital gains. I actually prefer our tax systewm to yours when it comes to dealing with stock investments.
trade15
TSXminer
A lot of the extended Casavant family actually deserved a chance to get out of the hole. Most are just farmers and country folk who got rooked by Urbie as far back as the Petro Plus days. The immediate Casavant clan I don't care much for. But a lot of the others are hard working country folk who certainly aren't market manipulators.
trade15
gump90
I wonder if Edwards wife is part of the old Chinese Investment Club here in Toronto ? Nice bunch of investors in that club , they even used molatave cocktails once in a while.
trade15
rabblerouser
They've actually hired a decent IR company with SmallCapVoice.com . I've talked to Stuart Smith numerous times and he's always very professional and prompt with ones inquiries. I guess I'll give him a call tomorrow and try to find out who the insiders are.
trade15
Contacts
Kimber-X Resources Corp.
Investor Relations, 888-789-0939
info@kimber-x.com
www.kimber-x.com
or
Mr. Stuart Smith, 512-267-0500
info@smallcapvoice.com
www.SmallCapVoice.com
Well here's something that I hope doesn't become a trend on the CDN exchanges.
trade15
" Rolland arranges debenture private placement
Rolland Virtual Business Systems Ltd (C:VBS)
Shares Issued 51,868,290
Last Close 2/12/2007 $0.145
Tuesday February 13 2007 - News Release
Mr. Mark Boutet reports
ROLLAND ENERGY ANNOUNCES PRIVATE PLACEMENT OF CONVERTIBLE SUBORDINATE DEBENTURES
Rolland Virtual Business Systems Ltd. is in discussions with investors to raise funds through an unbrokered private placement through the issuance of convertible debentures. Closing of the private placement is expected to occur on or about Feb. 16, 2007.
The proceeds of the offering will be used to repay a portion of the company's current short-term debt facility, with the remainder to be used for general working capital or to purchase additional property for oil and gas exploration and development. The company is in discussions with its existing lender, Primatlantis Capital, to refinance the amount that will remain outstanding under the current short-term facility after the closing.
The private placement and loan agreement with Primatlantis are subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
The company currently has 51,868,290 shares outstanding and, according to its bylaws, can issue an unlimited number of common shares.
© 2007 Canjex Publishing Ltd.
gump
Did you ever meet Ted Carter from Alberta who wrote the Carters Choice newsletter ? He also published a small book on the CDN juniors stock market speculation. I had the chance to meet him a few times back in the 1990's when I was just finishing school. Certainly was a great guy and very sharing with anyone just starting in the game. Sadly he died near the end of the 1990's . He had more stories about the promoters involved with the ASE than I have ever heard from any other source. Urbie wasn't high on his list during the Petro Plus days but many of his local subscribers got bilked on Petro Plus just the same. I imagine that you have a wealth of stories also about the promoters involved with the old VSE.
trade15
janice
Here's a website that goes into more detail about Norwoods royalty.
http://www.michelvanrijn.nl/artnews/archive/july2006.htm
http://www.michelvanrijn.nl/artnews/artnws.htm
trade15
janice
Remember those early Peter Sellers movies were he played those European royalty types. I seem to remember her with blonde hair ( most likely bleached ) and riding boots along with riding jacket and scarf. At least it gave the locals quite a bit of entertainment for quite sometime. The local farmers had a hoot about going out and plowing up some diamonds on their farms. The first I had heard about it was from my father who had been to a cattle auction in the area and it was the topic of the day.
trade15
janice
I actually met those Count Nimrods once in Norwood just east of the supposed diamond mine. It's actually on the way to our cottage and we use to stop there quite often for lunch. Norwoods just a small village and I suspect just about every person in that village had shares in that fraud. They use to go down to the local coffee shop each weekend to talk up the enterprise and look for additional investors.
trade15
hasher5
Chartsmart out of Vancouver has probably been the most profitable tool that I've ever subscribed to. It's only deficiency is that it doesn't cover the Pinksheets. Canada Stockwatch is a great quote service and has great coverage of the CDN markets and is well worth it's cost. I first subscribed to that service when I was still in high school and Woods only offered a fax service.
trade15
hasher5
I do find that the site has merit and is worth the money at this time. As long as it doesn't become too popular to the point were everyone is chasing the stock and running the price too much at the opening bell. Somewhat similiar to what happened with Chelekis' HotStocks back in the mid 1990's.
trade15
Klonopin2mg2000
You do realize that I used the fruitloop comment based on the amount being invested rather then who was posting. If it had been Hasher who had made that post, I would have used a much harsher comment. Being Canadians we tend to be more acquainted with the seedy nature of the penny markets and should realize that there's no sure thing. The reality of the juniors is that even the promoters are often less than accurate with their predictions of the performance of their stocks. Even being a Geo. like some on this forum doesn't make them profitable investors. Since they often become swept up in the geology of the play rather than the perception of the market. Bottom line is that it's all a gamble, and the only way to win on the long run is to diversify and not put all your eggs in the same basket.
trade15
Klonopin2mg2000
If you are going to play these pennies with such large amounts of money then I would suggest a subscription to Stock Promoters.com. That way you will be able to track the stocks your interested in and have a much better idea which promoters and tout sheets are involved. I use the service for it's ability to give me a quick run down as to what form of compensation the promoters have received. If they have received free-trading shares then I know they will be quickly release the shares on to the market. That info allows me to determine the time frame to hold the shares and what volumes of dumping to watch for.
trade15
https://stockpromoters.com/Default.asp
gump90
The IR persons name reminds me of someone who use to be involved with the previous Diagem ( DGM.V ) crew . I know the name from somewhere , but not sure if I've made the correct connection. I use to hear some interesting stories about the Quebec mining juniors from some of the old timers involved with the U of T investment club.
trade15
TSXminer
I noticed Wee Willy's involvement along with a few other tout sheets. I wouldn't have even mentioned Klon's stock if it hadn't been for his post about how much he had invested. I just couldn't rationalize in my mind anyone investing that much in any junior let alone a Pinkie.
trade15
janice
Have a look at CIVX sometime. What's interesting there is the CEO Jerry Janick. What a character that guy is. I first met him when he was running the facial recognition software company NEXUS Group International here in the Toronto area.It was good for a flip during the promotion but was nothing more than a paper dump. His sidekick Dave the IR was quite the loonie also who apparently even threatened investors. This guy can make a disaster out of any company that he gets his hands on. His last victim was DCUT that he was involved in during 2004.
trade15
Klonopin2mg2000
Here's where my concerns begin with GLXI . Was NITE and SBSH selling a convertible debenture for a CD holder ? If so , how many shares are involved and what is the current O/S ? Is the CD close to being over or will it be dumped into any increase in volume ? The problem with the Pinks is that the only hope of finding out is to ask the insiders. But they are in the business of selling paper which makes their info suspect.
trade15
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&SortBy=volume&Issue=GLXI&Month=1...
GLXI - GLOBEX INC
Page of 1
January 2007 December 2006 Year-to-Date
Volume Rank % Volume Rank % Volume Rank %
--------------------------------------------------------------------------------
Total Share Volume 14,387,208
--------------------------------------------------------------------------------
NITE
KNIGHT EQUITY MARKETS, L.P. 6,076,149 1 42 816,900 1 54 6,076,149 1 42
SBSH
CITIGROUP GLOBAL MARKETS INC. 4,283,956 2 29 150,491 3 10 4,283,956 2 29
MICA
SPARTAN SECURITIES GROUP, LTD. 1,240,000 3 8 266,300 2 17 1,240,000 3 8
ETRD
E*TRADE CAPITAL MARKETS LLC 1,039,495 4 7 51,920 6 3 1,039,495 4 7
Klonopin2mg2000
When you have survived this game as long as I have you will understand my concerns. By the way , I didn't bring a nest egg to the markets. I made my money in the junior markets from the start. I own close to 100 CDN juniors at this time and would never place more than $ 10,000.00 in any particular stock.
These juniors are all in the business of selling paper, and if one is lucky you go along for the ride. At least the CDN juniors have filings which allows an investor to research the companies. What do you have with Pinksheets ? No filings , no insider reports , no O/S figures unless the transfer agent isn't gagged . And the most critical of all, no idea of the form of financing the company has engaged, such as convertible debentures or pipe transactions. The Pinksheets are the wild west , which should be played as lotto tickets only.
trade15
Klonopin2mg2000
I made a lot of money on CMKX . Can you say the same ? I find it amusing that anyone would even consider investing " **SMILE**about my $140k investment in GLXI! " in a Pinksheet company. Like a stated in my reply to your private message, did you buy when GLXI was already up 500-900% from it's base ? I make me living trading stocks and I don't throw six figures on any penny play.
trade15