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.
USC, great post. About 100 times the orginial
share price of $5.00. (grew to ~$550/Sh)
A similar gain in CMKX equates to ~.02. : )
The squeeze plus lower than expected float, plus sidline money coming aboard can get us there on great news.
Bo
Good Monday all. Hey ACTX, on the post you
brought to the board, thanks. I guess it has made its way around some boards today.
I hesitate leading any bandwagon to this end, only because this would create an artificial market, and stock trading acitivty that is not generated by normal/natural buyers.
Also, the concerns I have center not only around the effect of this theory, but the ethics of such an action.
MM's may be able to get away with manipulation day in a day out giving the impression of a depressed share price, but because shareholders do not control the actual trading, the result of such an action may backfire. The effect may be nil, or very short term (intra-day effect) that may hurt people trying to beat the MM's at their own game. I worry more though how such action will be looked at in terms of market ethics.
If news, events, filings, share structure, diamond finds, mergers and gold production numbers come out, then natural forces will push the market higher as GTC sell orders will be pushed higher and DEMAND for the shares will be there. The effect of setting artificial GTC orders (in the post, they state a $3.50 GTC) in my view would only result in ZERO DEMAND for those shares. In my view trading would continue as normal, because the only trades going through absent any news would be those based on the supply and demand as controlled by MM's. As long as they have shares and there is no news, no trade to buy at $3.50 will go through, as much as I'd like to see this.
Also, collusion between the MM's is an issue that is a main concern and a major ethics violation on their part when we discuss NSS, and what we have seen in recent months. In the summer with buys at 90-98% with no price movement on the bid or ask, smells of collusion.
I would not want to see or be a part of anything that could come under question as shareholders of the company. Many will say, "The MM's get away with this everyday! We can't sit back! We have to do this in retaliation!"
I can only say, yes everyone is certainly free to do whatever they want here, but just because authorities have failed to act against the MM's on the public's behalf, don't think for one minute the same rules would apply to the little guy trying to get even. I am thinking the shareholders would find the law at their doorstep quicker as a result of this, than we have seen them move against the MM's actions to date.
It's a shame, but it's true. If any part of what shareholders do hints of collusion (whether it is or not) especially in the case of CMKX, which threatens the MM's in such a large way, I think would have the increased chance of a bad outcome legally against shareholders who took part in such a move.
This is all in my opinion of course. I would be honored to be in the meeting or discussion of this in the presence of Atty Glenn for his thoughts and opinions on this and many other matters.
It would be nice to hear comment from him after his filings are done, and when the matters against USCA, UC & Melvin are finally resolved. I know he represents the companies 'CMKX' & 'USCA', and our relationship with him as shareholders is indirect, but in the recent filings, BOTH ACTIONS HAVE A DIRECT EFFECT on shareholders of both companies, so a detailed comment or statement from him could be expected, and in my opinion appropriate.
I'm not talking just a pr as an the only option either. It can be in the form of a detailed letter to the shareholders. I would think some form of update/timetable is ALSO NEEDED on the status of CMKX filing to become a reporting company as well.
Sounds like I'm ordering from the menu of 'Roger's Steak and Seafood' huh? -- I'll have one order of responsive pleadings and a dash of SEC filing updates flambe' on the side please. --
LOL
Be well all,
Bo
Mach & Painted, thank you.
Yours of 21001 and 21042 are well said.
I'm in a better frame of mind this morning and a scanning for 1st person updates, this thread is worth your time:
http://cmkxdiamond.proboards32.com/index.cgi?action=display&board=general&num=1099213041&....
The realities of these 2 very promising companies threaten people and entities who have possibly through illegal practices (on not only these 2 stocks) have billions at stake, and their practices exposed and prosecuted.
It seems this lady's actions and words simply triggered a crowd mentaity response, especially when liquor is introduced to a situation. If the governor, other dignitaries and officers from other companies were there, this was MM's darkest hour. Sterling is very smart man. Trying to keep his theories grounded is simply hard for him because he is that much of a creative mind. : ) I think with him he is just a person who likes to think way out of the box because he can somehow make the pieces of such spacial theories fit. For me, it's not where the rubber meets the road, BUT ONE THING HAS NEVER BEEN IN QUESTION FOR ME, HIS INTEGRITY AND OPENNESS TO OTHER PEOPLE. I don't discount his words in this post because I trust him. He represents our country with an oath of honor. I am not be able to see how some of his posts meet current realities, but as a person he seems very genuine.
This post and the serious content match well with what you both (Mach and Painted) stated.
The Lord works in mysterious ways. Yep, I would have loved to see pics after the fact of the balloon drop after an announcement of "earth shattering" proportions. But as I said last night, even in my happy, then confused state, I still believe in CMKX and USCA very much.
Onward. : )
Let's get past the filings, which it in itself will be VERY GREAT news for all. I have been confident since the time I saw the filing that a resolution will occur. I'm looking forward to this for all to see, then and only then, will it be appropriate for news.
Maybe from the heavens above, that is how it was supposed to be last night. Who knows how the evening or weekend would have ended had Urban been able to speak? Of course we will never know this for sure, but maybe the actions and words of that lady were a blessing in disguise, and spared the safety of those we respect and look up to.
We have dividends, resumption of USCA trading, and of course the anticipated news to focus on.
Happy Sunday all. : )
Bo
Guys, does this make sense to ANYONE?
Why get irate when the hour approached when UC was supposed to speak and he is in the room?
Something is fishy, and I don't mean maybe. Bo
_________________________________________________________________
georgeburns
God of Diamonds
member is online
Posts of Substance: 12 (thanks BigPuddin [+1])
Gender:
Posts: 2089
Update...
« Thread started on: Today at 02:07am »
--------------------------------------------------------------------------------
From Gina Lee or somebody....
The lady was only 2 tables away she said from her husband and her and they were showing slides and some of them included the shareholder Ty who passed away recently and there were some more slides and then there was a lull and silence supposedly and this lady yells BULLSH-T and she walks up on stage takes the mic away and starts yelling I need some F'ing answers this is bullsh-t I didn'r come down here from Canada for f'ing nothing! Everyone in the place all 3500 people started yelling and say hell yeah and agreeing with her they escorted her off and UC went to talk to her outside the ballroom and the place just started emptying out like quickly she said it was amazing within 5 minutes maybe 200 people if lucky were still left..it was 11:36 when she called me literally 95% of the place walked out pissed off. The band was packing up they were supposed to play until late but the mood turned so bad so fast that even the bad was packing up and getting heck out of there a few minutes ago. Gina and her husband witnessed a crowd of people starting to surround Ed Dhonau and it was looking like he was going to get his ass kicked (that is what she said) and there were tons of security there at this event Gina said all dressed in black and wired up wearing earpieces looking like pres bodyguards and they pulled Ed the hell out of there at just at the right moment seriously is what Gina and her husband said verbatim...apparently the 50-60 people that were wound up were taken into another side ballroom or a room where the rest of the shareholders couldn't see them and were told to calm down and they were yelling things like we'l lcall the f' SEC Monday we'll get some f' ing answers... and people inside couldn't see any of this apparently then the situation eased out from there she said...but Gina was like very close to Ed when these people started crowding up to and around Ed and getting in his face and getting pretty testy...Gina said it was a very close call for Ed...Ginas husband almost stepped in to to try and help Ed out but he saw security coming like bats out of hell to grab ED and extract him from the situation so he stayed out of it...pretty crazy stuff.
Gina said it was sad because here you have the companies paying big bucks to throw this party and it had to end like this..she and her husband were going to hang around and see if she can talk to anyone and will call me back if she hears anything worthwhile.
Driller
Definitely pros, I'm ok with the company
and USCA. I was just in a mood to have some fun, and like all of us hoping for something great.
I think we have earned reward for our trust...and that is an understatement.
Communications have been a 'negative 17' on a scale from 1-10 under the CMKX bigtop, but is good to quite good from USCA, at least from what I have seen from them over the last 6 months.
Nothing about CMKI/CMKM with Urban and Melvin being accused of trading non-registered shares, have anything to do with addressing a crowd of people who came from far distances to hear what he, RW and Roger have to say.
It would have not been to much to ask for at least kind words of thanks and general words of optimism about their companies if they couldn't say anything else.
The ending of the night is fishy to me on how it transpired. Those reporting the events were posting just minutes apart, so it seemed to flow well, got weird quickly, then nothing? no explanation from an emcee?? Bodyguards, no good night? etc.
I'm calling it a night.
unreal
Bo
Good Lord, I never thought as recent as an hour ago, I'd ever have to post about my perspective about a party.
We have:
People arriving.
UC arrives when most are there.
Food, drinks and dessert.
Band.
Kia
Money envelopes....then......
....woman on stage (How? Who is she? Was anyone escorting her that could aid her, walk her out-along with security?)
...then allegedly others became irate for no reason??
Then nothing? Did any speaker (emcee) saying anything?..saying festivities will continue shortly?...saying more to follow including words from UC?..say that's all folks, thank you for coming from all over the world, good nite?
UC went out to talk with her..some report he told her he would be speaking. Then what?
Party over??
Did UC leave?
Why secret service-like security?
Were these plants by MM's?
Were these plants by UC? UC goes to talk to her...then sneaks out with tight security while the group (reported to be up to 60 others) grab the attention of the crowd while he leaves with his bodyguards?
I didn't see it, but some say Jeff didn't make it for tomorrow....first time that has happen in quite a while, possibly all year. Coincidence?
I know updates are being posted on pb32 and elsewhere that may refute much of what I'm venting. But just felt the need to post random thoughts.
Why the awkward disconnect here which seems to have occurred?
I agree 100%.
I agree Mach..if there are people there who
are bashers for MM's, other companies, or whoever, all the more reason to have him speak fully on what he intended to tell us all and release the pr.
I know the bottle does strange things to people, but in following this, it doesn't make sense for her (and up to 60 irate others that is being reported) to suddenly lose it during the middle of the party, especially when these people can see he is there and have some understanding he will be speaking.
To be seen...but they smell like plants to me.
Bo
Apparently UC followed to approach the lady, and
advised her that he will be speaking soon. Shows the make up of the man.
The hour now is upon us. : )
Latest Vegas Party Pics:
http://members.cox.net/tparsons7/vegaspics.html
the 05 is very nice. The SVT and Mach may be out next year as well. I saw the Mach in Detroit, very nice.
Following the buzz here. First round of speeches may be starting now.....
We deserve it Sir Mach! I'd love to meet you and many others, and hopefully it will be SOON my friend!
BTW I saw a beautiful 03 MachI for sale tonight for 18,900!, only 8,000 miles.
This local lot 'Blue Knob Auto' has built this biz to get new model cars at auctions from all over the east and midwest, and without failt sell them for $500 over auction price, no negociations. I bought a Grand Prix GTP for $4,000 below book last year.
I know your toy is a classic, but just thought you'd get a kick out of that price.
Bo....is very ready. Pres of Kia? Gov of Nevada? SS? Unnamed guest? It's late and I'm pumped.
Who's ready?? : ))))
Back and settling in to some serious scanning of proboards32 with a Mic Light to see this bad boy through the night!! It's a kidless weekend and the gf said to wake her if anything happens. Trust me, after my screams and running on furniture, I may drive to Pgh and catch whatever bird gets me to Vegas!!
Bo is ready to dance...
mex..thank you and bingo!
That I do follow and adds to the windfall that could come our way if share retirement at the levels george and I contend may have occured!
And you're right, I simply was reading george's response technically...that's why it wasn't seeping in as hard as I was trying.
Your thoughts are appreciated and should make their way over to pb32 and his thread. He seems like a straight shooter and I'm sure would appreciate your post!
My only thought however is that if the 52 billion is the float...that is he amount of
non-restricted shares available for public trade. All 40,000 of us would make up this 52 billion float...so if you take the .0002 buyout offer OUT of the picture, and go straight to a tender offer for the 52 billion at a premium amount (.005, .008. .02 or whatever! : ), now you're talkin!
(there, i just agreed with you and remained confused all in the same post!..lol) I guess I'm just not clear what the .0002 is buying out in his theory.
I don't think I have ever changed, been on the phone to sure up plans for the next couple hours plans AND posted before. I'm getting quite the looks...lol BFN!
See this night through all. : )
Bo
To wannbe & george...
It was from this statement from george's original post where it seemed he was saying the street owned float was 50 billion (the other 2 billion he asserted was owned in certs), and the 50 billion would be bought back at .0002. I'll repost it just so you can see what I am referring to. It was for this reason that I offered my thoughts of what the likely ending will be if our float is only 52 billion.
If I am mistaken in how I interpreted this, I will take a look at any clarification when I get back or tomorrow. I enjoy discussions like this very much, because such a scenerio is feasible. I'm sure there are many additional thoughts from others as to the benefits of a low float.
I had just assumed from reading from the quoted part of george's post below that he felt CMKX would buy back the float he is projecting (50 billion) for .0002. It still reads that way to me..lol. I interpreted "kill the float" as meaning the 50 billion would be bought back by CMKX in order for them to go private. I was just saying in my post that at a float of 52 billion,
we will see many good things happen far more beneficial to us than an .0002 buyout. : )
I listed just some of those benefits in my post.
Bo : )
_________________________________________________________________
from george's original post:
"IF the ACTUAL FLOAT is 52 Billion and Cert holders have 2 billion, then the minimum the float that CMKX can buy it back down to is 50 billion. CMKX knows how many individual shareholders have certs via the audit at the transfer agent.
How does CMKX afford to buy back 50 billion naked short shares and KILL THE FLOAT? 50 billion x .0002 = 10 million dollars. St. George Metals Inc, just so happened to pay the company 10 million dollars. UCAD gave us money too."
Hi guys, and real quick...
I'm in mid-events here. Just got home from a formal dinner (yawner, but a few of us had wild hairs in us and made it fun..: ) and back now to change and head out. grrrrr (for once I'd actually rather be following the events tonight on here!)
Thank you all for the response. I liked george's theory, since both his take and mine, even though coming from the 2 different angles of this issue, have the same intent and result:
- O/S and float reduction through retirement at lower prices. -
To George...take some Nightquil, pass out until 3 ET, wake and come back to the boards to see if the good word from Vegas cures your flu. ; )
I'll try to respond better later. If not then, it will be sometime tomorrow...
A great Saturday to all One Steppers, and to everyone across all the boards tonight!!
Bo
Further Discussion On Share Retirement...
I cannot speak for georgeburns, but I will speak to an issue that some have brought up in response to his post.
Some have said that gburns's post is suggesting complete float retirement like sterling did months ago. I disagree and promise to explain later in this post. I feel it is a stretch on some of what Gburns offers because I am not following how CMKX buying us out at .0002 to go private will make us happy. But I will respectfully offer something based on his fine post which paints a more optimistic end than a .0002 buyout.
BUT, THE MAIN FOCUS of his post, I AM VERY MUCH ON BOARD WITH BECAUSE IT SHOWS MUCH LIKE MY POST IN AUGUST DID HOW THE O/S and FLOAT CAN BE REDUCED THROUGH ON GOING RETIREMENT! Quoting from gburns's post:
_________________________________________________________________
"CMKX can reduce the float to whatever they want.
Why did Urban need to increase the OS and sell shares into the market in order to reduce the float? Why didn't he just buy up the naked short shares that the bad guys were selling already?
If he did that, the market makers would notice the increased demand and raise the price accordingly.
CMKX had to keep the price down, by increasing actual supply and dilution into the market.
All shares sold by CMKX made .0002 for CMKX. All share dilluted into the float were bought back at .0002. Cost nothing.
Graphic. (sorry, working fast)
The cost to CMKX was the cost of buying the naked short shares that were sold at the same time as recycling the shares he was actually releasing into the market. Had to pay at least .0002 to buy shares.
I have theorized before based on the facts that CMKX ACTUAL FLOAT has to be below or around 50 Billion based on USCA losing controlling interest in GEMM. Others have traced the actual shares issued before going dark (non reporting) till now and found the ACTUAL FLOAT to be around 50 Billion. I will provide links if necessary.
CMKX needs to reduce the float to as little as possible. As little as possible is, the ACTUAL FLOAT minus Shares held in certificate by individual share holders. IF the ACTUAL FLOAT is 52 Billion and Cert holders have 2 billion, then the minimum the float that CMKX can buy it back down to is 50 billion. CMKX knows how many individual shareholders have certs via the audit at the transfer agent."
_________________________________________________________________
Ok if he stopped here, that is exactly the intent of my post back in AUGUST. O/S and Float reduction to these levels is an OUTSTANDING prospect IN ITSELF ALONE. For my money, he could have said, 'period, end of story' right here.
Folks this prospect of reduction to these levels, plus any evidence by Atty Glenn of illegal NSS, shoots our pps up by itself, and lays the groundwork for good news and pr's to follow.
However, gburns continues:
_________________________________________________________________
"How does CMKX afford to buy back 50 billion naked short shares and KILL THE FLOAT? 50 billion x .0002 = 10 million dollars. St. George Metals Inc, just so happened to pay the company 10 million dollars. UCAD gave us money too.
OK... Float is Crazy low now. Now what?
Tender offer for the rest of the float. Buy the company private. Bunch of people rich cause the MMs are responsible for the NSS they made. CMKX responsible for the shares in the float that are on the books only."
_________________________________________________________________
Here's the only part I'm not following guys, but I stil see much potential in what he says. GB, I'm not picking on you. Your post is outstanding, and it is only by good thoughts being offered that ideas can be hashed out further. So here goes my take on this area the post...
Using his example, GB assume the floats is 52. I'll again state how this alone is a great prospect, and the reason I felt the same scenerio existed back in August when the 800 billion A/S had cast a shadow over all of us. At the time, my thoughts were the only bright spot I saw. Looking at my post at the time and Gburns's post now, we basically looked at the 800 Billion A/S from the 2 different angles. Mine was saying at the time the 800 billion A/S was a bluff to get the price of the shares lower, so UC and CMKX can retire more and more of the O/S and Float. GBurns is showing us how by actually authorizing the 800 billion shares that the O/S and Float can effectively be reduced greatly.
However, if CMKX reports a float of 52 Billion (or a number around that), the market will react positively and I contend push the price higher. I'm not clear how being bought out at .0002 for the company to go private versus the prospect of the pps rising for us based on a 52 Billion O/S, is good for us. I'm contending that our pps would rise and we would have the choice to hold or to easily sell our shares at levels well above .0002.
However, if I may take the liberty, let's discuss semantics for only a bit, then I would like to humbly take this part of Gburns's post and offer a bright ending.
I opened the post by saying others were comparing gburns post to Sterling's because of they both got to a zero float. I'm not going to review Sterling's a a few months back. But in contrast, GB suggests float reduction to a level of 50-52 billion shares. His float buyout of .0002 is not saying we have a zero float, or even correct to say we have killed the float. He states the float is 52 billion and our shares will be bought out. He writes of a buyout. period...not a true zero float as has been wildly theorized, where we still somehow still own all of our CMKX shares but the float is zero. Sterling's assumed a zero tradable float based on different assumptions than discussed here. A buyout is a buyout. A zero float where we still own shares and yet we still show CMKX shares in our brokerage accounts, is from a market from another planet, and something I haven't seen in 20+ years of following the market. Like I say, I think this is a simple point of semantics.
Ok, now the juicy part. I can see share reduction and retirement to levels that would pleasantly surprise the market based on what he offered. And I'll stay with his assuption of the tradable float being 52 billion tightly held shares. We longs see the potential and won't be quick to give them up easily at a cheap price. : ) So with this, instead of CMKX going private for .0002, I see other opportunities opening up:
With the announcement and realization of a low tradable float, let's assume the 52 billion shares, our share price WILL RISE. I would say to levels we saw this summer or a bit higher even without any other news.
Next, if there is a NSS issue, any squeeze will take us even higher.
Next, as good news is known and issued in pr's, A LOT OF MONEY NOW ON THE SIDELINES WILL COME ABOARD QUICKLY AND SURELY. This again presents opportunity for upward pressure on the pps.
Last, with 52 billion being confirmed as the float, if the O/S is also low, opportunities for buyouts from larger players may come our way at bids far higher than .0002. The 52 billion float will make CMKX an enticing target for buyout from cash rich companies.
All in my opinion.
Be well,
Bo
http://www.investorshub.com/boards/read_msg.asp?message_id=3883172
From 8-24. Call the post "The Bluff".
Read mine first, then read georgeburn's again. They intertwine in that we look at the 800 A/S from two different angles.
As I say he does an outstanding job in explaining the means to UC's goal to retire shares. I like what he has offered very much. The explaination of the means to our end goal of retiring shares is good stuff.
Mine theorizes that the 800 was a bluff and the additional 300 billion was never intended to be issued, rather just be an incentive to drive the price lower. He offers a sound theory based on the assumption that the 800 billion was being used to assist in buying back REAL SHARES from ALL MM's across the board.
Bo
_________________________________________________________________
Posted by: Bo14172
In reply to: None Date:8/24/2004 9:12:17 PM
Post #of 20894
Here goes nothing...
Guys, honest, I have tried to look at this from every theoretical angle to surmise the projected windfall by the time of the Indy race or even beyond that.
Please don't be offended by what I've been saying or am about to say again, but an increase in the O/S to a level of ~800,000,000,000 shares flat out isn't good. Guys, I've tried, but I can't polish a turd. Especially a 800 billion share one.
However...I see a bright spot.
Now, if there is some plan that advances our pps in the next 8 trading days, or even the next 60 days, to incredibly high levels, based upon a potential 800 billion O/S level, then Godspeed and bring it on. It defies all technical, fundemental and market based logic, but I'll be the first leading the party train in Vegas.
But as I sit here tonight, I can't see that occurring.
Now for the only bright spot:
- The A/S was a bluff. No, not the filing of the A/S increase itself, that is very real. But to have the MM's and true weak hands be shaken out at lower prices. If we are to believe the company, share retirement has been ongoing. I recall a post of someone that mentions Urban saying that at the races. We have also heard it time and time again from Melvin, even as recent as this month. They have issued PR's specifically on share retirement.
So, CMKX is syaing, let's let the news of the increased A/S sneak out, but have no intention whatsoever of issuing those shares.
What the shake does is lower the price to the current buy-in price of .0003, allowing them to buy back more and more shares for retirement. This is a 25% reduction from .0004 (a significant reduction), and we may see some trades begin to sneak through at .0002. If they are able to buyback at this level, I believe this would be the lowest level, and last level at which they will retire shares.
It is very true that A/S does not equal O/S. Some, including myself believed the O/S to be less than the 483 Bil figure many were assuming. I had thought between 150-250 Billion. And friends it still well may be just that, and the filing of the O/S was to create the shake for the last opportunity for retiring shares.
So yes, given that scenerio I see great hope. What a reaction the market will have if the company files next week to become a reporting company once again and the O/S is 150-250 billion. That, plus positive Carolyn results, would create a significant move in share price. : )
Of course, please take this as my opinion only, but it's the only possibiliity I see as good for us. An increase in the O/S to near 800,000,000,000 simply isn't going to get us there, unless there is some magic I am not aware of.
Be well, Bo
See post #20897. Sorry guys, :)
I must have fat fingered the 'submit post' button. Bo
Lana, thank you.
I've not seen much from this poster before other than quips. But keep reading...I like what he's saying here, VERY MUCH.
When CMKX raised the A/S to 800 billion, yes I had questions, but I then looked at this from the company's perspective. I offered a post back in August that can be called "The Bluff". It offered the idea that Urban's goal is to retire the true O/S and true tradable float at the lowest possible price. The 800 A/S was a bluff to keep the MM's offering an artifically low selling price.
I thought at the time, the idea was sound. I'm very glad it has been brought up again. : )
I say the word "true O/S and "true float" because it is imperative that in UC's effort, REAL SHARES were being bought and retired. This post by georgeburns takes this theory and spells it out in a way far better than I did. His explanation of the means to the end is quite good.
Most important to us now is the question...
Is this what is occurring?
Again, with the leaders of the company at shareholders' disposal this weekend, discussion and questions can ascertain if any of this is true, or if this is something that is not the case, thus putting any further speculation on this to rest.
Here's hoping,
Bo : )
Good Morning : )
It's a weekend where some family is in town, so I thought I'd peek and check in while I can.
Some thoughts:
I remained silent on the "Carolyn Claim" issue through the week.
I saw many people doing outstanding map research and pointing to different blocks in the grid and asserting Carolyn has expired. Phone calls were made to the Sask Gov to confirm a certain grid number has or has not expired. Any motivated bashers were quick to come to quick conclusions, etc, etc.
I applaude the work, so it definitely was not a lot of wheel spinning over nothing. However, the simple, fundemental question is: What is the grid/claim# of the Carolyn site? From that, it can be determined from speaking with UC, Ron and/or Roger this weekend what is the status of this claim.
It was mentioned by Melvin 3-4 weeks ago that some claims outside of the positive TDEM and Goldak surveys will be allowed to lapse.
Armed with specifics, I would strongly suggest someone in Vegas present these specifics to Roger in questioning him. I would trust and expect his answer be technical with regard to location and with regard to the legal ownership of the Carolyn claim. Then we'll know.
I believe the confidence level among shareholders will rise greatly with regard to the USCA and CMKM/CMKI filings 2 days ago. I hope some took what I wrote on Thursday to heart before you drew any extreme conclusions. In business, injunctions, suits and inquiries occur more frequent than is known by the public. In this case, it affected 2 companies we are invested in so it became more overwhelming for shareholders not used to seeing them. I'll state again, if they have done nothing wrong, our side of the story will be told and a resolution will occur.
My posts in the past about trusting Roger Glenn weren't empty. I am as confident as I was Thursday about the outcome.
You are are seeing first waves of reports coming through from Vegas. Some grandiose, others beyond that..lol. I don't know anyone personally who is at the party other than Chris through my talks with her. I'm certainly not going to bother her with call for an update...that would be way tacky. However Mach had mentioned a couple people that are going whom he trusts and would stay in touch with him.
If something 'earth shattering' is to come tonight, I would trust Mach's sources and his report before others on different boards who I do not know.
Like waves at the seashore, the reports are coming in. By looking for a report I trust, I want to make sure to ride the one that's going to take us to shore.
Have a good weekend all! : )
Bo
A New Day
Trading and price momentum for CMKX is on the upswing. The ask is now at .0003 and .0004!
The filings regarding UC and Melvin are about matters that dealt soley and exlusively with CMKM and CMKI shares, which were matters happening ~1 year ago or before. It states they traded shares at that time which were not registered. That's all. It has NOTHING TO DO with the company CMKX, its business concerns, its 100+ FALC claims, their interests in uranium, gold and other partners.
From the filing by the SFC:
2) The respondants traded in the securities of CMKI & CMKM when they were not registered pusuant to Section 27 of the Act.
3) The respondants traded in the securities CMKI & CMKM when no receipt had been issued pursuant to Section 58 of the Act with respect to those securities.
http://www.sfsc.gov.sk.ca/ssc/files/enforcementorders%202004/casavantminingkimberlite(temporder)oct2....
It would be folly for me or anyone to give a legal opinion of this without knowing the circumstances, case law history, jurisdictional governance, among other things. I honestly don't know if these stocks were traded on the OTCBB a the time. If so, would any filings they made with the SEC be considered compliance with regard to the SFC?
Again, questions best left to Roger.
The main point I want to convey is this hopefully is a cut and dried matter. They either did, or they didn't. They either complied through other filings or they didn't. I'm confident assurance can be learned from this weekend's party about this matter.
Again, all other valuation, claims ownership, uranium interests, gold mine interests and interest in other companies are in tact and not part of this filing.
Further, validation of USCA's interests, valuation and reporting followed by resumption of their trading will serve to strengthen both the validity and value of both CMKX and USCA.
Good Friday all. : )
Bo
Nite Zen, be safe and take care of the
ones who are ill. They need you, even if it's just being there.
After today my friend I don't think I'll ever get this damn smell of popcorn out of my nose. I'm smelling it everywhere I go after this morning.
I've moved on to suggesting shots of Jack, Captains, lighter fluid (they're the same aren't they? lol). Kidding and all in fun of course. But after this week I may sit in front of the TV with a half gallon of Aftershock and watch 3 hours of the test pattern.
: )
Bo
An L under the lights. But Runner up trophy for the
team and players and was a tight game except for a couple plays that went their way.
Thanks for asking. : )
How are you holding up after today? If you're near any slopes, you need to hit them whether they have snow or not just to let off some steam after this one..lol
Ski, scan everything that's out there, but read thru some of what I wrote today. Everyone has so many different things to offer which I learn from. If I said nice post or good info to all I see, my 18 posts would be used up everyday..lol. I filter the many good points others offer.
Today however is crunch time, serious crunch time. People across the boards who have touted Atty Glenn for weeks and months, I find silent about him today other than a rare mention. My belief in him I hope has shown through today on how he will work and respond to see this through. I know their words prior to today weren't empty about belief in the company and Atty Glenn. I think today's news was just overwhelming to most as a lawsuit, injunction or inquiry is indeed a serious matter. If your not used to seeing them or dealing with them, lawsuit or injunctions are a scary thing to see, and hard to digest at first. I just tried to put the 16 years I have in investigating and coordinating litigation to some good use in trying to calm everyone's understandable uncertainty. My talk with Chris today provided vital insight which people may or may not have picked up from my post. It kind of got buried quick. I for one was damn impressed by the information she was able to share, and I explained why.
Our money and words have echo'ed on and on about our belief in the company and Atty Glenn for months. This past day held our feet to the fire and said to us.."do you really mean it when you say you truly believe these 2 companies and Atty Glenn?"
My answer has been yes prior to today. That's why I put my money here. This was a tough day. No doubt about it. However, my answer to the above question remains YES. My posts today may be unique in that way across the boards, but I truly believe what I wrote based on my experience and my informative talk with Chris.
As the next 2-3 days unfold, there is no doubt that additional information from UC, RW and Atty Glenn will be conveyed to shareholders which hopefully will assure all to a greater degree.
Nite ski. Bo : )
Miss Joye...
YW
Bo : )
No mention Billy and to be honest I didn't ask.
Being the answer and interrogatories are being prepared, it is still day one of what appears to be a 2 week time limit set by the SEC.
It's really hard to know as each case is different, but I'm thinking the protocols of such cases are scheduled within the 2 week period, so that is good.
I wanted to see swift, sure action, and that is being done as we speak.
The best we can hope for is continual reassurances of substance through the weekend, with updates over the coming days on the status and what is expected in the form of any resolution to this.
There is a saying among lawyers..it's corny (sorry Zen) but applies here. "When you don't have the facts, argue the law. When you don't have the law argue the facts. When you have neither, just argue"
IMO we have not only the facts and the law on our side but a heavyweight attorney and law firm behind us. Their swift and sure work is a good indication of all three being in place here.
I only have 2 posts left today...lol....so I'm off to scan a while. So if I don't answer or acknowledge anyone I'll say this in advance...thank you, hang in there, have one for me, then have another, are we having fun yet?, and I'll use my 2 remaining ones wisely. : )
Bo
Just spoke with Chris, please read.
She is in Vegas and in preparation of the party. Nonetheless we had a long talk and she was willing to cover points to reassure us in this situation.
Roger Glenn is most definitely on top of this.
This was not expected BUT IT IS NOT A CONCERN AS THEY HAVE DONE NOTHING WRONG. It is her opinion, but I sense a concensus of thought among the leaders that this is clearly an attempt by the MM's to put the brakes on a stock which is doing quite well for itself. She states sarcastically that it's totally ok for stocks to be illegally shorted from $5 to $1 and nothing is said, but we can't let a stock rise from $5 to $15 and try to move to a bigger exchange can we?
All of their reporting and any valuations they have made are in accordance with GAAP (generally accepted accounting principles).
She states they are in compliance with reporting and accurate in their pr's as to company activity.
She said there simply have been more buys than sells based on good news and value, nothing more, nothing less. She said Mr. Williams sold some stock at ~$4.85 and she knows he is kicking himself for doing so based on the recent rise.
Speaking for herself only, she is angered by this, but not concerened. She assured Roger Glenn is preparing an answer and questions (the legal lingo is 'interrogatories') for more specifics, which is what I posted earlier today that he may do.
He will get back to her with any updates on the matter.
She is continuing to believe that the good people invested in this stock have as much right to good financial fortune in their lives as the MM's do.
I let her go to continue her preparation work with about 20 others at that point.
She said to keep the faith.
I have and I will.
We have Atty Glenn and the firm of E & A serving as his support on this. Litigation and injunctions occur in life. Nope, they aren't fun, but they spring up every day in the business world. Chris's assurance matched with Atty Glenn's expertise is why my words to everyone are to remain calm and "there are 2 sides to every story". It is assuring to me that Atty Glenn is the one telling our side.
Be well, Bo
USC- TYVM! Consider this post all...
This is from a person who has not posted much, and I have never read any of their prior posts. However, this post is profound times 10.
My money is on Roger Glenn, UC and RW.
But make no mistake, in this very brief post a serious battle line may well have been drawn today. I would implore anyone attending the party to ask this of Atty Glenn...that is if he felt the roots of today's action were this deep?
Bo
_________________________________________________________________
jac1962
Diamond Hunter
member is offline
Posts: 36
Re: SUBJECT CHANGE: Halts v. Suspensions
« Reply #28 on: Today at 4:53pm »
--------------------------------------------------------------------------------
I think this is part of the MM plan. FYI the SEC doesn't want it exposed that they allowed a huge NSS either, It would serve both of them to shut down as many of our partners as possible and CMKM, if they can get away with it. With Billions of $$$ involved, don't you think that the MM's have several SEC people in their pockets? I do.
This is a case of self preservation.... we'll have to see if they can get away with it....
CMKX - Is BSIC @ .06 on the ask!?!?
Some have reported current level 2 is showing this. Can anyone confirm this??
Significance??..I have no clue. It may mean nothing.
I do know that BSIC is not a MM against CMKX. In fact it's just the opposite. That's the only reason I'm bringing the topic to the board.
It's obviously just breaking as a topic so I have no input on its meaning. I'm just offering it as a heads up and for those with live Level 2 to follow.
Bo
BRIG, your manipulation exposed...
Please explain to the board the fact that at 11:20 am and 11:35 am you posted similar posts on the IHUB CMKX board that you now post on this board 1 hour later.
http://www.investorshub.com/boards/read_msg.asp?
message_id=4410466
http://www.investorshub.com/boards/read_msg.asp?message_id=4410702
On second thought, please don't explain. Your motive for whatever reason, whether it be for yourself, or on behalf of whoever you work for is obvious for all to see. Take your garbage elsewhere.
It's not my call, but you've exposed yourself and a ban should be considered.
We got the short end of the game, but no head was
hung and they came home with a team and individual trophies.
2 similar fluke plays...both were fumbles by the other team on offense, ball flew wildly out to the side and one of their guys happened to be there and got the jump on the pack both times and scored..lol
It was all good though. Thanks wanna. I hope things have been good your way. I've got to get some things done, but will be checking in later. Remember...
This will get better. : )
Bo
lake, my take on your post...
I don't know the protocol of the filings, so it's hard for anyone other than Atty Glenn to answer us on pleadings to follow, so here is my best answer.
We will only know the MM's, organizations or other companies behind any filings if:
1) There is some form of discovery required by the plaintiff in a case like this. They may thus be compelled to reveal such information as part of their response.
2) If witnesses are deposed outside of any hearings who are affiliated with such companies.
3) If witnesses are called directly to any hearing and subject to direct and cross examination.
Please be advised, it is not clear that any witnesses will need to be called. This matter MAY WELL BE resolved by meetings between Atty Glenn, UC, RW and representatives from both governmental bodies and nothing more.
Please note I only stated the scenerios above to answer your specific question. Without the 3 scenerios above taking place, it is doubtful we will find out who is behind this via any court proceedings.
The important issue at least to me is the surety in how Atty Glenn responds on behalf of CMKX and USCA. The method and protocol required matters not. A confident response is what I'd like to see.
Bo
onyx pup. Very true. Realize it is only
overwhelming to us. Atty Glenn AND HIS LAW FIRM, Urban and Mr. Williams know their companies inside and out. Atty Glenn's business is the law. Lawsuits, injunctions, requests for arbitration are things which don't overwhelm him. He became accustomed to that years ago when he first hung his shingle.
If all is well and in order, Atty Glenn will simply address them accordingly. If cleared that gives us a new confidence in their endeavours.
Bo : )
Billy, the good thing is...
CMKX and USCA has no choice. They have to now. The cards will be on the table. : )
There have been so many things discussed on this board, by Urban and by Mr. Williams, that if true give Atty Glenn a big ace in the hole. If everything has been legitimate, there is nothing to hide.
The only matter that everyone whispers or talks around the edges about is CMKX's O/S. The bottom line is if they legally received the authorization from the state of Nevada to increase their A/S to 800 Billion, then they have done nothing wrong even if their O/S increased to 779 billion. Notice I said O/S and not tradable float. I believe this is much lower.
Private venture capital, London based finacing, even increasing the O/S have positives and negatives, but how are any of these wrong?
Atty Glenn is certainly going to respond accordingly, but I would think one of his first moves would be to inquire what specific circumstance or evidence they are basing their allegations on. Only then will he know what to focus his response on.
Bo
prospector777, great post! eom
GM Billy. Left message just now. I let everyone know after I hear from her.
Keep the faith. That's why we're here. It's just being tested now is all. Emerging from this may offer blessings in disguise that we didn't expect to see for awhile.
We'll soon see either way.
Bo : )
Mach, good post. Roger Glenn is now going
to show how he is worth what he is.
Being in the business I am in, lawsuits, injunctions, arbitration filings don't concern me as much as someone who aren't used to seeing them.
Keep saying to yourself, "there are 2 sides to every story."
I have sat in trials and arbitrations on my cases which I was 100% confident, but after hearing the plaintiff's case, hell I wanted to give them the money...lol. But then it was the defense's turn (our side). And in 16 years, the cases I investigated never lost before a jury after both sides were heard. I am confident of "our side" in this matter and we have Atty Glenn and his lawfirm to back us up. My money is going to see this through.
Look all, I know this blindsided all of us, but we have been in this together from all over the world for quite a while. May I suggest a way to look at this which may help us all...
How long have we believed in the CMKX promise and yet have needed certain answers to questions? A long time!
Because they forced CMKX's hand, we are now going to know information we have longed to know!!
Further, do you think Atty Glenn will be alone in his work from this point? Emphatically no! I would say with confidence seeing cases go to verdict or alternative resolutions, Atty Glenn will be meeting and conferring with other key partners in his firm for stradegy, assistance and research when needed AT ALL TIMES. He will respresent both companies by himself, but he won't be alone.
Last, how sweet will it be if and when USCA and CMKX come of of this in tact and found in good standing? Very sweet.
Remember this is more of an inquiry than anything else.
A serious one, but one that hopes to reveal all and affirm or disaffirm what has occurred and 40,000 of us believe in.
If everything is in order, USCA and CMKX through Atty Glenn should have no problem stradegizing and complying with the information in question.
I like popcorn, but theater butter isn't going to cut it from here on out guys. I would suggest a shot of your favorite rock-gut...and repeat as needed.
Don't get me wrong, I know it's hard, but try to relax...
...It's in Atty Glenn's hands now.
Bo
investorcg...take a breath. There are two
sides to a story in every case.
No, I do not think any of the things you are throwing out there (Attorney malpractice, scam...etc) are true at all.
It is dangerous and wrong to assert anything close to what you are stating without knowing the facts.
Roger Glenn and USCA should and will likely respond to this with some explanation. I think it would be very soon.
Financing through the London based group, private venture capital and through partners, including CMKX are all legitimate forms of financing, unless someone can show me otherwise.
The MM's are scared and ran for help.
Bo
TY Billy. The humorous thing about this post
is that during the 90's and early this century, the previous administration, through the IRS and SEC oversaw and allowed the largest corporate & stock market fraud in history. The administration at the time appointed and/or oversaw the IRS and SEC.
When has the IRS allowed anyone or any company to get away with anything? Never...until late last decade and early this century.
By directing and looking the other way while company after company overinflated their earnings, many benefits to the government, corporate officers and polotical parties resulted.
The result was a growth ecomony created by paper only per the compliance of the previous administration, SEC and IRS.
By allow this, phony profits led to a bubble burst which cost jobs and worse.
Why do you think a surplus occurred? It was bogus because of the fraud being allowed to occur. Oh, the numbers looked good, but the tax intake was based on higher taxes being paid from these bogus overinflated profits.
Think about it. If you are mega-company XYZ, Inc and overinflate your profits by millions and in some cases tens or hundreds of billions of dollars, the taxes your company paid to the government was also higher based on your phony overinflated numbers. You as the corporate executive win because of the bogus windfall you created for yourself. The government wins because it was NOT JUST YOUR COMPANY, but as we saw, hundreds and thousands of companies had to restate their earnings when the new administration came into office. Thus, these hundred and thousands of companies were paying higher taxes to the government based on their bogus high earning. Finally, the workforce in the 90's was created based on this lie, and the taxes these workers paid also reflected in bogus increaed tax revenues.
People wonder why the surplus eroded. There never was one to begin with. The bogus profits and paper workforce artifically created a higher tax intake.
FURTHER, ok, all of these companies had to restate their earnings. As it turns out, 90-100% of them had much lower earnings and even losses during these same periods when they were reporting bogus profits. (thanks to the plan and complance of the previous administration, IRS and SEC). Since they paid much higher taxes when they were reporting large bogus net incomes, did the government pay these companies back the amount they were overtaxed during the bubble? If the companies all paid higher taxes during the bubble, and had to restate their earnings, the government should have rightly paid them back the amount these companies overpaid. It's funny how the answer to this has been obscured.
Like I say, the companies did not care that they were paying higher taxes or being overtaxed. All they had to do is keep the bogus rosey quarterly reports coming and all was fine for them.
Now we have USCA, who has pretty much documented through pr's their London based financing agreement, investor support, JV partner's and alliances, no dillution, filed and honest 10Q in it's last filing, has advanced their business model through good deals and negociations...and the SEC has halted trading??
The SEC?? Compliance organization of the above? The same organization who allows MM's to manipulate the market day in and day out?
The MM's targeting USCA and CMKX must be scared out of their wits at any announcement this weekend or in the near term. Is it any surprise that the compliant SEC has their sympathy?
Give me a break
dusty, this will answer your question.
Two things about this post of October 5th from the races.
1) Next to Mach's, this post also has some of it's content which has remarkably come true this month. I never perceived the Ecuador mine opportunity and remember reading this when it was posted being more skeptical than sure. Well not only has that happened, but we have a 3:1 split to boot. If the remainder of the content that points to our very near future is also accurate...let's just say there will be another party soon and I'll be there with bells on.
2) The answer to your question about the $10 million from SGGM is a few paragraphs down in this post. It reveals the source indirectly of this venture money.
I know it's from the races, so take it for what it's worth. However the accuracy of the Ecuador venture and other events around UCAD (ticker at the time) certainly came true.
Bo
_________________________________________________________________
Freedom's report from the races
Posted: Tue Oct 05, 2004 1:09 am
Ed Miller
Now here is a man who knows CMKX and seems very confident in the stock. Most of what he shared with me were based on conversations Ed Dhonau had with him and other shareholders at the Dallas race.
He confirmed that Dhonau started and owns the majority of UCAD. He said that Dhonau is the deep pockets money behind this whole deal with CMKX. Apparently Dhonau comes from the Valvoline family as in Valvoline Oil. Ed said at age 22 he walked in and fired the CEO and took over. He also said Dhonau was in college at age 14. While Jose said that CMKX is central to everything that is happening Ed said that Dhonau’s the money and is calling the shots. . He said that UC and Dhonau have a close friendship and that he was the single largest shareholder of CMKX…with his own private money, not including Nevada Minerals. He said he thought his position must be huge and was surprised that Green Baron wasn’t the single largest shareholder!
He said that UCAD management was in Ecuador during the race weekend looking at picking up a ‘few’ goldmines. He said all the mines were actively producing. He said the Dhonau began picking up goldmines because he wanted CMKX to have a revenue stream now, not when the Canada properties started producing. He said they had picked up one mine for a song, $60,000 dollars. Damn, I could’ve gotten financed for that. One thing Ed brings to the table is connections. Apparently this guys is networked worldwide including with the Ecuadorian government. He also said miners in Ecuador usually make $70 a month and that Dhonau opted to pay them $140 a month. He said that when these guys go back to their villages they live like kings. Miners in that country are already considered to be highly paid and with Dhonau they make double.
Regarding UCAD itself he said the Rachael property is really about the processing plant. He said that they have mining companies lining up already. UCAD keeps 11% of whatever they process and that’s incentive to the whole deal.
He said that there will be no merger between UCAD and CMKX and that they won’t touch us with the present share structure. He wouldn’t elaborate on precisely what that meant. He did say that CMKX would have to be fully reporting for a year first.
He also said the Rendall told him the next move for UCAD is to the NASDAQ and that this process is in the works. He thought that UCAD has the a potential to be a $30 stock. He stated CMKX’s next stop was the OTCBB.
Regarding the O/S he said that companies can base the divi’s on whatever they want, the O/S, the A/S, the float. They can give it to you and not me, whatever. He also thought that it was possible that they had already filed and were presently waiting for SEC approval so keep an eye on Edgar. He said that the history part of the financial had been completed ( the most extensive piece) and they were now working on present day financials. He also said that U.S. law prevents mining companies from including in there valuation minerals that are still in the ground. They can include things like trees and potash. Canadian owned companies can include minerals in there valuations. He said that he felt there was definitely a NSS situation as did Jose. They both anticipate a short squeeze and talked about selling 10% through the squeeze and going long on the rest as one possible scenario. He said that according to Dhonau a r/s was not an issue and to make the point he said they wouldn’t even consider doing one below .10 cents.
He said that the 10 million was from an investor from outside the companies involved based in Nevada. He said that UC worked out a deal with the head of SGGM to get Vicki Curran the job. Finally he said he believed that DeBeers was very very interested in buying us and ultimately they would. He said UC wouldn’t even talk to them and that he really doesn’t like them but the not talking to them was a strategy to increase the potential money for any future deal.
There was a phrase going around the races that I heard from Jose, Ed Miller, New York Joe (great guy and seemed to be in the know and was also a New York fireman). Whenever the topic of the Las Vegas party would come up they would look at you with a knowing smiles and say, “Just go.” And if you anyone offered any kinds of yea but’s or questions they smile a little bigger and say “Just GO.” New York Joe also assured me that he’d see me there. (LOL) It’s open to interpretation because that is the way if was left. They also said that they had a big announcement to make at the party and that Roger Glenn would be speaking as well.
Finally, when I was talking to Ed Miller, who again was basing most of what he told me off conversations he had with Ed Dhonau, he said that the GEMM dividend had not been exercised. He did however say that it had been extended. Reportedly, UC wants to wait and see what happens with Juina. It is possible he may not want to end up owning more of it. Apparently they are still having difficulties with the Ecuadorian government. Sounds like a wise and prudent move IMO. It also suggests that we can’t rule out that GEMM dividend just yet and would also explain why they bumped it back a full 6 weeks.
That’s it guys. Best of luck to all of us!
Oh yea and “Just go.”
Freedom
_________________
We know this thing has wings, it's time to let it fly!