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Read this: +DJ NASD Charges Kenneth Pasternak, John Leighton With Supervisory Violations In Fraudulent Sales To Institutional Customers>
03/07/2005
Dow Jones News Services
(Copyright © 2005 Dow Jones & Company, Inc.)
(MORE) Dow Jones Newswires
03-07-05 1000ET
*DJ NASD Charges Former Knight Securities Workers With Violations
(MORE) Dow Jones Newswires
03-07-05 1002ET
Read the last line and ponder: Casavant Mining (CMKX) sponsors CMKXtreme Machines and the Funny Cars of Jim Dunn and Jeff Arend, the Pro Stock Bike of Connie Cohen and the Ford Speed Truck of Lee Hatch. At the recent Winternationals one CMKXtreme drag team member told the Agent that a few other team members, who originally received shares of the CMKM penny stock, had recently returned their shares in lieu of the current cash equivalent value.
http://www.dragracingonline.com/agent1320/2005/vii_2-28.html
EZTO looking sporty. EOM
Cart, actually I thought it was instructive to expose the problems with some that ruin IHUB.
I never claimed it as a 'PR'. Way to show your arse.
$.01 a share equals $350 Billion? How big is the Naked Short?
CMKX Monday , March 07, 2005 00:11 ET
(financialwire.net via COMTEX) --March 7, 2005 (FinancialWire) CMKM Diamonds Inc. (OTC: CMKX) commented on the 10-day suspension in the trading of it stock and revealed that it had hired former Robert Maheu, formerly in charge of the Howard Hughes empire when the latter was alive and considered the world's richest man, to assist the company in its compliance efforts.
There is also an unconfirmed rumor that the company, which claims only 2,000 shareholders and which observers believe believe may have more than 67,000 shareholders holding "nakedly short," or counterfeit shares, could have a cash tender offer possibly engineered by Maheu before the suspension ends.
At $0.01, or $350 billion, observers believe such a tender could bankrupt the market as the 2,000 real shareholders force a buy-in.
http://www.knobias.com/individual/public/news.htm?eid=3.1.2da0678d27fd82454673165a511fd795e6f61d70a4...
What if CMKX had the mineral rights on their leases for all minerals. Oil and Gas anyone? Look at the price of oil in it's sustained rise. China is lifting all boats! IMO
Billy, I am a Buckeye grad and High Street will be nuts.
Let them have their day Mach. They have taken IHUB from a decent forum to Raging Bull like sludge. The internet is a great tool but it also has it's drawbacks as seen in posters here today. They are to be pitied.
I had friends invest and it was a mistake as I was young and wanted to share. I made them money but tired of hearing questions about making more. Live and learn.
Just venting and maybe too strong. I just have a hard time trying to explain that to make money one has to take risk.
You that feel like Urban has cheated you should sell at 1st chance. I mean if you are so lame to stay this long and then biatch....sell 1st hour of the 17th! Lord I am tired of reading the hand wringing! THIS IS A RISK! YOU ARE NOT CUT OUT TO TAKE SAME!
I at one time I had investors in oil and gas wells and they were a mistake because of their worrying about that investment EVEN AFTER THEY SIGNED A CONTRACT SAYING "RISK"! Grow UP and UNDERSTAND! RISK AND REWARD ARE MATES! I HATE THE WEAK that take a gamble and then BITCH!
That was OLD NEWS!
In its reasoning, the SEC stated it had concerns over the adequacy of publicly available information concerning CMKX's assets and liabilities, mining and other business activities, share structure and stock issuances, and corporate management. Further, the SEC was concerned that CMKX may have unjustifiably relied on a Form S-8, filed in May 2003, to issue unrestricted securities and that CMKX and/or certain of its stockholders may have unjustifiably relied on Rule 144(k) of the 33 Act in conducting an unlawful distribution of its securities that failed to comply with the resale restrictions of Rules 144 and 145 of the Securities Act.
NO, I never said that, I said this:
By: DrillBit
05 Mar 2005, 08:01 PM EST
Msg. 168409 of 168409
Jump to msg. #
STERLING! READ PLEASE, remember our phone talks about this?
Posted by: Drillbit
In reply to: None Date:3/5/2005 8:00:09 PM
Post #of 33892
Citi Bank is more important than many think IMO. Why? Has anyone ever heard of cannibles? I have....look at new Citi funds started in the last few months. Citi bought NITE's NS division and YES derivitives ARE part of NSing. Why did Citi Corp buy same? Just nice guys? READ...'Cannibles In The Mist' and "keep on thinking free".
Citi Bank is more important than many think IMO. Why? Has anyone ever heard of cannibles? I have....look at new Citi funds started in the last few months. Citi bought NITE's NS division and YES derivitives ARE part of NSing. Why did Citi Corp buy same? Just nice guys? READ...'Cannibles In The Mist' and "keep on thinking free".
LOL, I like that! EOM
CMKX comes down to one thing to me, you believe 3 things:
1. Urban has the goods
2. There is a naked short
3. Urban will do as he has promised and include all investors
I understand that the above may be a wee bit iffy, and I understand pennyland. But, I have made money all my life taking calculated risks and I love this one! Am I right? HELL NO! You are never sure taking risk. But, taking same is damn PHUN!
Hot Boards Today
CMKM - CMKM Diamonds Inc.
One Step Ahead
#1 and 2
OT. Just so the city isn't windy. EOM
OT. Hey Olico old friend. Yep I do and chatted with Brigg Thursday. Warming up in the city?
S-8 and form 8-K are two very different animals.
I can buy all assets of a company and ONLY those assets with a clause that indemnifies me from any other actions, lawsuits, etc.
Nope. EOM
Much easier to file under new name after merger. EX. IF CMKX is bought by CIM, the only information that is required is that information that CIM desires, NOT THE SEC. Once the merger is completed and IF CIM wishes to become trading, it, CIM, must file and all past CMKX filings are not needed because that entity is gone.
Zen made great logical points but, IMO, logic went out the window here many months ago when trying to anticipate happenings. All that I have profferred is POSSIBILITIES. You either believe that Urban will include us or you don't. I am NOT 100% sure but am sticking around to see the endstory.
It slays me that anyone would compare this to PCBM. I was in that stock in 98 and found out that they HAD NOTHING but a printing press. I then posted my opinions on why PCBM was/is a scam and I made enimies fast. Some here have read these genius' as they have followed me from thread to thread. It damn sure gives one an insight into their character or lack of same.
This thread really upsets the posters that live to control and bash. Ya gotta love it.
LOL, you sure as hell are following me. I pray you get a life soon.
So easy to toss out negativity. The hard part is digesting information, anticipating action via a belief and then forming a plan. Negativity bypasses any real deep thinking IMO.
OT. then she hitched her wagon to someone that has no contribution on any thread and has made his life one that follows me around via reading my posting history. Life is too short.
Suzie, I think that that contingent has been planned and CMKX can be turned into CIM. Read, all assets placed into same. IMO if this were a scam, Urban would have let the price go up last year past .0012 and have cashed out with CMKX being delisted. No, as Zen has stated, this investment is all about believing Urban. Urban has the goods in a very hot area....read Shore/Newmont, Kensington/DeBeer.... and has stated that those loyal will be part of that wealth. Right or wrong, I invest longterm in the folks that run/own the company.
I'll toss out a possiblity. Actual shares issued are 703+ Billion. The KEY is how much of those REAL shares does Urban own? The 2K+ shareholders represents the certs pulled. The street name shares are those shares in our brokerage accounts and I contend that there may be over 1.5 Trillion of these as they are naked short shares not issued by CMKX.
What if Urban owns almost all of the real 703 Billion shares and at some point returns those back to the company in some form and they are retired. He has to own over 352 Billion just to keep his control and stave off a raid on his leases etal.
The above is just a scenerio and not to be taken as fact but I am sure I will hear about it.
OT. Making some off of the great picks that Mach and others here have presented while waiting on CMKX to go or flop. I think the former and will give my take on the PR if you wish to read same.
How have you been doing?
Try this: http://www.reuters.com/ or
http://finance.yahoo.com/
Well then Andy is mistaken. It clearly states that 'street name' is OUTSIDE of OS.
Mach, that arse was trying the old "So, how long have you been beating your wife?"
Over a trillion shares have been traded from Jan 04 to Jan 05. No, there may be as many as 1.5 Trillion shares out there of which damn near all may be NS and not real. At present, we can't say what the true OS is outside of what Urban owns or controls.
IMO, Urban owns at a minimum half of all issued by CMKX. I contend that he owns or controls much more and the true OS will be less than 10 Billion. Am I right? don't know but we will find out soon.