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bo make sure you cherish every moment of it. Even when your patience begins to thin. Instead. Pick 'em up. Give a big hug and kiss and tell him how "Proud" you are of him. Don't tell'em you love him. Tell him your'e "Proud" of him. It goes a real long way.
WAR
Hope you can say that when it's 13. LOL
I think it might be old news. Sorry.
Am I too late with this news for CMKX?
(COMTEX) B: Juina Mining Tout Results in Irate Phone Calls to Jodys Travel
( financialwire.net )
B: Juina Mining Tout Results in Irate Phone Calls to Jodys Travel ( financialwir
.net )
Aug 27, 2004 (financialwire.net via COMTEX) -- (FinancialWire) Someone appears
to have paid "Prospector Alert" a whopping $50,000 to send out faxed
"Investors Alert!! GOLD, GOLD, GOLD" touts for Juina Mining (OTC: GEMM),
but whatever the fax broadcaster received or from whom did not seem to be enough
to finance a real phone number for irate recipients to have themselves taken off
the list.
The fax says that controlling interest in Juina has been acquired by US Canadian
Minerals (OTCBB: UCAD), which it said "has been on a tear since June, going
from $1.35 to over $5." Earlier in August, CMKM Diamonds (OTC: CMKX), which
is a favorite of Stock Patrol (www.stockpatrol.com) for its 500 billion shares,
a world record number of shares outstanding, said it intends to distribute
95,502,027 of Juina Mining Corp. to its shareholders on October 1 as a dividend.
The 800 number given to "be removed immediately from the database" was
missing a digit, leaving Jody Donnelly at Jodys Travel to field hundreds of
calls from people wanting to be off the fax list, which she pointed out is
"at my expense," not to mention the time and aggravation involved.
The fax broadcast said that the company, which trades at $0.028, has a one month
target price of $0.50. The company traded at $0.20 in mid-2002 and spiked at
$0.16 in late March, 2004.
It didn't say who the "analyst" is or the location of the report, who
paid the $50,000, or the qualifications of the "analyst."
Donnelly just wants her phone number off the faxes and out of the mix.
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-0-
*** end of story ***
FLIPPING this market is like throwing darts under the influence of Qualudes. Ugghhhh.
Fark it. See you guys in mid September. Over & Out!
WAR.
I'd list a few but fark it. I'll wait for September to do that. You guys make enough money. LOL ;)
Later.................
OFFENSIVE? WHY? It's fact, it was done to the Iraqi pow's. Whats offensive is how it was done by the USA> Don't hate the messenger just the message. Think hard about this.
WAR
I can tell by the amount of nonsense you clowns buy into. How you and what you believe to be fact or true. How you buy into the amount of silly speculation here. Lets talk facts not bullchiet and I will gladly debate you. till then you're just another hapless long who thinks this is a country of ice cream cones and cherrys.
Pssst. I have probably forgotten more than you will ever know about the stock market and trading. Wanna discuss how canadian companies short their LOL, "Restricted STOCK", through offshor accounts? Probably not. Oh ignorance is bliss.
WAR.
HEY SAP. Let's talk about the info I wish to discus. Not your childish personal attacks. LOL. Typical newbie that got suckered into a pump and dump. Tooo founny
WAR
ICEW. I am actually considering going long on it. Fancy that? LOL. Long meaning who knows. However. I will sell my half at .74 if the POS ever goes that high. But I figure a 10 fer one split should at leat proplell this trash to over a buck. If not. Well This is my gamble for late summer 2004. But they actually have an income. Unlike so other pos trash stocks. LMAOROTF
Whatever, don't blame it on me.
WAR
Harbs. you as one of the very few people/traders I respect am glad to see your alive and well. Hope the fam is doing as well as you are. you understand the long and short of it, ...... lol. Ride em up and ride em down. I have limited myself to only a few stocks. But I make money on them because I KNOW how they move and when. I spend a few bucks on the crap shoot occasionally but I am here to make money not gamble. Tough lesson for me to learn. Learned that the hard way, very expensive. LOL.
Anyway. I 'll be back in mid sept. I hope. I hope not. I hope. Ihope not...... LOL
Love youse guys
WAR
Funny how people have shut the fark up sice I started posting rational thinking. Yeah. Thats OK. The pump fest will be back and reassure you that all is well. Fools and their money. Gheesh.
Easier to believe the ones that reinforce that your money has been well invested in a , Cough cough, diamond mine in canada.
Pahlease,
WAR>
ICEW keeps filling the gaps and slowly rising. Don't dismay. I cleared this trade with sterling. LMAOROTF
WAR.
Hope everyone is making money. Study the stocks I offered you the other day. Easy money. FHRX, FCEL, LRCX, GERN. PROX, COVD CORV dang. I got a bunch of em.
Be back full time in mid sept. Hope you guys don't leave me any money to scoop off the table.
Guess everyone is on the phone now. Too funny.
Come on NOW! Let's call and find out there is NO SUCH THING as a "Quiwet Perisod" for PINKCHIET trash stocks. First one to post the confirmation wins a lance to english dictionary. LOL
WAR>
COME ON PADRE's!!!! LoL. Dang. thought I could pump up a rally here. Dang.
WAR.
Pisttt. FCEL, LRCX, GERN, hey. Learn the trading patterns of them and make making money easy. Not this Russian Roulet.
Don't discus the content just the spieling. Oh come on boys. Let's talk about what I am saying not how I say it.
MAybe if you connect the wires to melvin like they did to the IRAQi's he will tell you guys the truth. LOL. Place melvies picture , in place of the guy under the black hood.
Go tell lance to spiel correctly and I will also make an effort to type better. LMAOROTF Lance to english dictionary on sale NOW
No way brig. It's a disguise for real content and meaning. Fuul
LMO
Brog. Your'e too old to be playing this game. You must be in high. That's a bummer man. You still paper trading?
I trade much better than I spell. DO NOT discount real, as in reality, information just because of a stupid speeling error while typing. Thats always the poorest response to a post of reality by a desparate and uneducated, uneducated as to how the game is played, long. Grow up. there are red flags up and down the race track here. People are NOT trying to hurt you. You call people a basher? Well you will come to discover that those you have labled basher are just people with more experience. They are either trying to verify they have learned these hard lessons or they are attempting to humiliate those that act as they acted at one time. A form of reinforcement.
I , well. Just like to share my many years of experience and refuse to cover it in roses.
I love it. LOL. QUITE PERIOD? LM<AO. Idiots talking about a "Quite Period", on a pink chiet stock is absoloutely ignorant of the stock market. LMAO. IT's PINK!!!!! There is NO SUCH FARKING THING!!!!!!
It amazes me how people will come up with any stupid bullchit to justify them believing that these "GODS" of CEO's are'nt lying to them. Too funny if it was'nt for so much money being lost. Please people. PLEASE. Call a REAL broker and ask them about a "Quite Period" for pinkchiet stocks. Too funny.
Urban keeps uping the a//s. Think real real hard. Drag Racing? Come on now. Think. Oh man. This is going to be one lesson that will hurt alot of suckers real real bad. The shame of it is. It will keep many from ever playing the stock market again. Thats sad. Because millions can be made. But not overnite. Kinda like shooting at the moon boys.
Could someone PLEASE post a link to this pal talk. I'm dying to hear melvin self distruct. Tooo funny. LOL
TIA
WAR
I sense some are waking up. Ding ding. Any bells ringing? I'll bet many here have sleepless nites. Good luck folks. I think you're going to need it. But then. I have seen this game run ohhhh soooo many times. Let's not even begin to talk about how canuck companies short their own stock through offshore accounts. Nope. That'll really send sterling into a tissy.
Love all
WAR
Janice. Please DO NOT explain to them how it's all pre arranged long before the pumpfest starts. Please don't explain how urbie cuts a deal with the mm's to give them paper @ lets say ,,,, free. if they dump @ lets say .00004 they split profits and weeeeeeeeeeeeeeeeeeeeeeeeeeeee Don't tell them.
Janice you'd need to be brain damaged NOT to see that. Uncle urbie and friends selling paper????? WHAATTTTTTTTTTTT? NO NEVER LMAOROTF
I will say. Reading Raging Bull or IHUB or any other internet website regarding CMKX... Absoloutely Pricelesssssss!!! LOL. It is unbelievable the bullchit people can dream up either pro or con on a stock. I have never laughed so hard as I did reading raging bull tonite. ANd sterlings thread MUST go in the ragingbullchit hall of fame. It's better than "Monkeybite". Wink wink. Anyone remember that crap?
Have at it boys and girls. And may all your dreams come true. This is WAR. Baaahhhhh bye.
Pedro you know thats nothing but bullchit until they file with the sec. You guys are unreal. THERE IS NO SHORT it's urban selling. Mark this post and I will come back later in November and remind you of it.
WAR.
Some just want to believe anything that people post. Believe it it's filed with the sec.
LMAOROTF!. Heck. They've dumped enough paper to buy enough diamonds to load the core samples. It's know as salting. DD that.
Really. How much would a couple of cheap ass 5 6 carrots cost them. LOL
I'm a realist not a basher! BIG difference. You should try it.
Wheres the short squeese? Thought JEFF was going under because of the short. No short just one hellofa printing press. THEY HAVE NO REVENUE. Ummmmm. They spend piles of money on play toys and NO revenue? Oh come on. No scam here now is there. LOL
Start in the cornor. lol
People really need to quit with the insanity of speculation about share structure. Urban is dumping gabillions of shares and you morons don't get it. I mean the pumpfest is sooo rediculous it's insane. NO FACTS regarding share structure. NONE! Pure pump and dump/. Rodger glenn is there to make certain that urbie doesn't do anything illegal. He can raise the a/s and float to the moon and you can't do squat about it because he isn't breaking any laws. No filing. Not breaking any laws. Get it. No. I'll be called a basher. Too funny.
Pedro thats pure speculation and NOT fact. Stop looking so deparate and foolish by posting bullchit. It's getting old. No ONE knows anything until URBIE decides to file with the sec. Till then it's all bullchit. Got it!
WAR.
Oh there's a Sterling. I remember a few years ago, can't remember the stock symbol. Wait. CTHD or something like that. Anyway. They were doing this stock split. And old sterling took it upon himself to write up a PR and have it posted on the newswires....... WITHOUT the companys approval. LOL. He tried cutting a deal to do their IR. totally backfired on him. He has yet to learn that all stocks are a POS and the only thing that is different from one to the other is the story. LOL. He still believes in calling the company and talking to the ceo. LMAOROTF> He'll never learn.
WAR
Has anyone hereeee, seen my ole friend Melvy.......lol
"All is well." Unfarkinreal. Varroooom Varrooom. Looks like Urbie is going to be needing that fast car for his getaway.
;) WAR
VARROOOOM VAROOOMMMMMM! Got to feed the monkey. Urban hired the the lawyer to make certain that he was acting fully within the law while dumping gabillions of shares on the dups. The sec is unable to shut it down because urban is just selling two things.
1. The dreams of becoming wealthy over nite. You know. "Let's mortage the house wifey, this ones gonna make us rich beyound our wildest dreams"! The Ralph Cramdon Syndrone"
2. And paper. Lots of it. Try counting to 800 Billion before market close. Betcha can't.
I demand to know what farkin drugs this guy is on. I want some. WOWWEEEE! This boy is seriously tripiin.
By: WillyWizardClub
25 Aug 2004, 06:01 AM EDT
Msg. 502118 of 502322
Jump to msg. #
MUST READ!!! "The Willy Maneuver"
The Willy Maneuver!!!!
My opinion on CMKX AS raised to 800 billion
Yesterday, I wrote about the newly raised Authorized Shares looking at three scenarios. The three scenarios I wrote are, a forward split but I have ruled that out, a merger or acquisition, could happen, large investor like London Investment Company buying a big block of stock in some type of deal like UCAD did last week, this is my choice.
(THE LONDON INVESTMENT COMPANY
AKA (LANGLEY INVESTMENT TRUST) (LANGLEY PARK INVESTMENTS PIC.)(LIT)Reference source at bottom)
Today, I am going to focus on one scenario that makes sense to me, the London Group(LIT) who recently did financing for UCAD. It is obvious CMKX needs funding to take the next big step to purchase more drilling rigs. Also when CMKX identifies diamonds in the current Kimberlite drilling project they could start some type of mining operation, hopefully “open pit mining’.
UCAD and CMKX are so interweaved owning parts of each other’s holdings I can’t see CMKX using anyone other then London Investment Company for ongoing financial needs. The Flow Chart made by PastorPaulBaily from PalTalk shows us the interweaving of CMKX and UCAD:
http://willywizard.com/Profile-CMKX.htm
I am going to work out some figures showing what IMO we could see take place. I am using the UCAD Press Release dated Thursday August 19, 4:56 pm ET where UCAD announced the “London Investment Company PURCHASED $9,005,355 of UCAD’s shares”, slightly discounted UCAD shares would be valued at apx. $1.78 per share ($1.78 divided into $9,005,355 equals apx. 5,000,000 UCAD Shares) and in exchange for shares of the investment company will issue to U.S. Canadian Minerals Inc. $9,005,355 USD equivalent of its shares “at a price per share valued at one pound sterling”, one pound sterling equals apx. $1.78, therefore $9,005,355 equals approximately 5,000,000 London Investment Company’s (LIT) shares to be traded on the London Stock Exchange.
$9,000,000 = 5,000,000 UCAD Shares to London Investment Group
$9,000,000 = 5,000,000 Langley (LIT) shares to UCAD
$18,000,000 = Total cash value Langley (LIT) Invested in UCAD
This is a win win for both company’s cash equity position
I am going to attempt a comparison valuation if CMKX were to allow the London Investment Company (LIT) to invest equivalent to the UCAD investment. I need to establish and real value for CMKX so for this I am going to use two recent UCAD Press Release where UCAD is purchasing a total of 15% of CMKX.
After a recent meeting in Las Vegas July 16th, “U.S. Canadian Minerals Sets Meeting with Other Saskatchewan Mining Claim Owners in Nevada”, we started to see real valuation of the claims owned by CMKX. In UCAD’s form 8-K July 21st, UCAD placed a “Change in Assets” entitled “ACQUISTION OR DISPOSITION OF ASSETS” where The Company purchased 5% of all current and future claim holdings and mineral interests of CMKM Diamonds in exchange for 7.5 million shares of common stock of U. S. Canadian. In addition, the Company acquired an option to purchase an additional10% of such interests for $15,000,000. We see UCAD has already made one payment, July 28th, toward the additional 10% they are entitled to receive under the agreement, “The option, agreed to last week between the two parties, has been exercised for an additional 2% interest in all of CMKX's mineral claims for $3,000,000 USD. Under the agreement reached last week, UCAD has a one-year option agreement to purchase an additional 10% interest in all of the mineral claims held by CMKX for an aggregate total of $15 million USD payable to CMKM Diamonds Inc.”
The establish value for 15% of CMKX’s claims now has hard cash value:
7,500,000 shares of UCAD have recently traded as high as $6.50 since the acquisition was announced. Currently UCAD shares are quoted bid $5.00. The approximate trading price at filing was $2 dollars.
7,500,00 shares time $2 equals
$15,000,000 for 5%
$15,000,000 for additional 10%
This $30,000,000 (stock and cash) established a hard cash value per 15% of CMKX’s claims. At 100% value using the $30,000,000 CMKX claims should be valued at apx. $200,000,000 million dollars. This isn’t bad for a company that holds claims with no proven diamonds.
Now that I have established $200,000,000 million dollars as a value to CMKX claims what portion would they sell to London Investment Company and for what dollar/stock swap total? This is where the newly registered 300 billion authorized shares come into play.
I would think the deal London Investment Group made with UCAD could be a blue print for a deal with CMKX. I would also like to think the deal UCAD made with CMKX would be a blue print to establish value to the London Investment Company.
This is where I interweave the two transactions to attempt to establish why CMKX just raised their authorized shares to 800 billion, 300 billion above the previous 500 billion authorized.
Up to this point I have (attempted) established CMKX claims via UCAD transaction at $200,000,000 million. The London Investment Company also has established what equivalent they are looking for in a money/stock swap in the UCAD deal. I will use the 15% rule that the UCAD/CMKX used as a rule for the speculative CMKX/LIT transaction. This gives LIT’s expected investment in CMKX at $30,000,000 US dollars. Normally such a purchase is discounted to the current trading average, possible .0001 times $30,000,000 equals 300 billion. This adds up to the newly increases authorization from 500 billion to 800 billion. Also to match the UCAD transaction the London Investment Group should match $30,000,000 equivalent of its shares “at a price per share valued at one pound sterling”, one pound sterling equals apx. $1.78 therefore $30,000,000 equals approximately 17,000,000 London Investment Company’s shares to be traded on the London Stock Exchange. This gives credit to the entire LIT investment at much more then a mere .0001 CMKX per share value.
Could look like this:
$30,000,000 divided by .0001 equals 300,000,000 billion CMKX shares
$30,000,000 = 17,000,000 LIT Shares London Exchange shares to CMKX
$60,000,000 = Total cash value Langley Invested in CMKX
If the above scenario is correct this would double the 100% valuation of CMKX to $400,000,000 million dollars.
$400,000,000 100% Total Claims Value After LIT Investment
In addition CMKX receives ½ the 17,000,000 LIT shares up front so this is another possible stock dividend for shareholders. LOL can you imagine the Market Makers trying to buy LIT stock on the London Stock Exchange to cover…:).
I think the above could be a possibility but actual numbers will change. This is total speculation on my part.
If the above took place this would create a instant cash valuation for CMKX, instantly giving CMKX credibility. This would show the Market Makers CMKX is not going out of business. CMKX is here to stay is the word CMKX wants to express to the MMs, DTC and all shareholders.
Also keep in mind the above equals 30% of the Authorized credited to financial Investment and 70% remains for other. This does leave room if the company chooses to bring in another investment such as a company to actually participate in the mining operations, such as Shore Gold. Shore Gold was just used as an example, not putting to much into this but you never know what might happen.
Short Position
Yes I still believe CMKX has a short position against it. Recently CMKX announced a stock dividend for shareholders of the 7.5 million UCAD shares. This UCAD dividend has a factor .0000155. When Pink Sheets.com was contacted they said the factor was given out by the company. This factor gives CMKX almost 484,000,000,000 billion shares issued. This matches what the T/A reported about a month ago accidentally to a caller.
Now lets take a look at the CIM dividend of 40,000,000,000 billion shares. It has been reported the factor is .028 reported by the DTC not the company. This was given to me by a very reliable source that called DTC. This is the DTC reporting according to stock they have on record sold by the Market Makers. 40,000,000,000 billion shares divided by .028 equals apx. 1.4 trillion shares. How can the DTC report such an inflated number if the company only reported 483,000,000,000 billion shares on the UCAD dividend. We can only come to one conclusion that the Market Makers have sold more shares to the public then available. Also DTC plays a roll in this problem by issuing cusip numbers to the phantom shares as they are settled. The settlement is with the brokerage house the public used to buy shares.
1,400,000,000,000 (.028 divided into 40billion CIM dividend)
484,000,000,000 (.0000155 divided into 7.5 million UCAD)
916,000,000,000 billion extra shares the company does not account for. I see no other way to look at these shares but to say they are shorted shares, naked short shares of phantom shares. We can call them what ever we want but bottom line is the company doesn’t acknowledge these extra shares in their UCAD dividend ratio.
At this point I am going to stay with my theory that a cash dividend is needed to force the Market Makers to cover. It would not take a huge cash dividend. The best way to work this would to take some of the $42,000,000 (includes 12 mil left UCAD balance and estimated $30,000,000 LIT) money to do three or four cash dividends over a 9 week time frame. These dividends don’t need to be large, $2,500,000 million times 4 would be sufficient.
Understand if CMKX were to pay $2,500,000 on the day of this announcement automatically the Market Makers would have a big problem because they are caught short close to apx. two times the actual company issued shares. This would create a payable short for the Market Makers approximately $5,000,000 million. If this was done four times over a 9 week time frame it would keep the Market Makers scrambling to cover.
I understand $5,000,000 million doesn’t sound like a lot of money for the wealthy Market Maker but four $5,000,000 million dollar hits over a 9 week time frame is a fairly large sum of money. Along with the money the Market Makers would be forced to come up with these 4 dividends would create a short cover which would increase the CMKX share value. Yes the dividends are small to the shareholder but add an increase in share price this is a double bonus.
How long would it take the Markets Makers to cover 1.3 trillion shares with average volume at 7,500,000,000 billion shares trading per day. If the Market Makers were buying 7.5 billion shares per day to cover take in to consideration at least 2.5 billion addition shares of buying should come from the retail buyers equally 10 billion volume per day. Just the Market Makers alone attempting to cover it would take them 122 days divided by 5 trading days per week it would take the Market Makers 24 weeks to cover. I can honestly say in my opinion the Market Makers would step up covering and CMKX could trade 20 to 30 billion shares per day, including retail buying.
No matter how we look at a short covering the Market Makers will have a definite problem paying these small cash dividends. If they are hit in repetition four times in a row, a few weeks apart and they were also forced to buy shares out of the market to cover this would hurt the Market Maker.
Also we can forget the current stock dividends, UCAD, CIM and GEMM. If CMKX did the above LIT transaction LIT could also be a stock dividend. LOL Let the Market Makers go to the London Stock Exchange to cover that dividend. LOL
I have written about this naked short many times. This the first time I was able to find figures/factors that actually show my theory is a good possibility. No I don’t have absolute proof but I feel what I just wrote was justified. Yes it’s 100% speculation but I did try to show where all my speculation originated.
READ ALL THE WAY TO THE END!!!!
___________________________________________________________ Notes:
TO VERIFY THE INFO BELOW, GO TO THE GOOGLE SEARCH ENGINE.
1. CLICK ON THE “NEWS” ABOVE THE WINDOW.
2. CLICK ON ADVANCED SEARCH (TOP RIGHT OF SCREEN).
3. TYPE: LONDON INVESTMENT COMPANY (IN THE “WITH THE EXACT PHRASE WINDOW”
4. VERIFY DATE AT BOTTOM OF SCREEN (I USUALLY GIVE ABOUT A MONTH 7/01/04 THRU 08/20/04)
5. THIS WILL GIVE YOU THE 1ST 6 COMPANIES COMPANY 7 WAS UNDER LONDON BASED INVESTMENT
THIS WILL BRING UP THE NEWS RELEASES THAT I RETRIEVED THIS INFO FROM.
THE LONDON INVESTMENT COMPANY
AKA (LANGLEY INVESTMENT TRUST) (LANGLEY PARK INVESTMENTS PIC.)
YOU WILL FIND THE LANGLEY PARK INVESTMENT TRUST PLC ON THE GALAXY MINERALS 8K FILING. IF YOU READ THE BOTTOM OF THIS FILING ITS PRETTY MUCH HOW ALL COMPANIES WILL BE DONE.
THE INFERENCE OF THE 23 COMPANIES AND $139 MILLION IS ON THE OMNI MEDICAL NEWS RELEASE.
23 MICROCAP COMPANIES SELECTED FOR INCLUSION IN A $139 MILL TRUST
PR DATE COMPANY NAME
1. 7/28/04 GALAXY MINERALS -GAXY $12,000,000
2. 8/05/04 NEWPORT INTL GRP -NWPO $11,600,000
3. 8/09/04 DIRECTVIEW INC. –DRVW $ 2,360,000
4. 8/10/04 OMNI MEDICAL -ONMH $ 1,645,000
5. 8/17/04 AVENUE GROUP -AVNU $11,000,000
6. 8/19/04 CANADIAN MIN. INC-UCAD $ 9,005,355
7. 8/23/04 FORUM ENERGY -FRUEF $ 5,481,000
SUB TOTAL $53,091,355
Source: Robin From PalTalk, Thank you for contributing
____________________________________________________________
Below is what a CMKX Press Release could look like:
London Investment Company Enters Into Agreement With (Casavant Mining) U.S. Canadian Minerals Inc. for the Purchase of ($30,000,000 USD of Casavant Mining)
Thursday August 19, 4:56 pm ET
LAS VEGAS--(BUSINESS WIRE)--Aug. 19, 2004--U.S. Canadian(Casavant Mining Pink Sheet CMKX) Minerals Inc. (OTCBB: UCAD - News) announced today that it has signed an agreement with a private investment company for the purchase by the investment company of ($30,000,000 of CMKX common shares in exchange for…shares…) $9,005,355 USD of U.S. Canadian Minerals Inc. common shares in exchange for shares of the investment company.
The investment company is a newly formed London-based entity that will apply for its shares to be admitted to trading on the London Stock Exchange as an investment trust. The investment company has been established specifically to invest in U.S. micro cap companies with long-term growth potential. The investment company expects its shares to be trading on the London Stock Exchange by Sept. 30, 2004.
"This investment will enable (CMKX) UCAD to continue its rapid growth and expand its worldwide operations," said Rendal Williams, CEO of U.S. Canadian Minerals Inc (Urban Casavant…).
The investment company has entered into a "lock-up" agreement with (CMKX) U.S. Canadian Minerals Inc. pursuant to which it has agreed not to trade (CMKX) U.S. Canadian Minerals Inc. shares it will receive as a result of this transaction for a period of two years from the closing date. In full payment for the shares of (CMKX) U.S. Canadian Minerals Inc., the investment company will issue to (CMKX $30,000,000 equivalent of its shares at a price per share valued at one pound sterling.) U.S. Canadian Minerals Inc. $9,005,355 USD equivalent of its shares at a price per share valued at one pound sterling.
Fifty percent of the investment company's shares issued to (CMKX) U.S. Canadian Minerals Inc. will be held in escrow for two years following their issuance and in the event the per share market price of (CMKX) U.S. Canadian Minerals Inc. common stock at such time is less than the per-share value of (CMKX) U.S. Canadian Minerals Inc. stock at the time of the closing, the investment company shall be entitled to the return out of escrow a percentage of the investment company's shares equal to the market value of such decline. The remaining shares held in escrow shall be released to (CMKX) U.S. Canadian Minerals Inc. at such time. The closing of this transaction is subject to certain contingencies, including the listing of the investment company shares on the London Stock Exchange on or before Sept. 30, 2004
____________________________________________________________
You can see the similarities of CMKX and UCAD might have in regards to a capital investment by The London Group, LANGLEY INVESTMENT TRUST.
I tried to show company cash valuation in growth from the UCAD investment transaction of $30,000,000 equaling $200,000,000 million at 100% of the whole company. I also attempted to show the next step in valuation from LIT of $60,000,000 which doubled the 100% of the whole company valuation to $400,000,000 million dollars.
Also I tried to show the significance of a cash dividend (4 cash dividends over 9 weeks) to force the Market Makers to start covering. To me this an absolute must and the only way to catch someone’s attention is hit their bank account. Again these dividends can be small but hit four times in 9 weeks in addition to stock dividends would surely catch their attention.
I hope you enjoyed this newsletter. Remember this is total speculation on my part but this is the only scenario that makes sense to me out of the three I mentioned in yesterday’s newsletter and in the beginning of this newsletter.
No I have not sold a single share. Only panic sellers and short term minded individuals allowed the increased Authorized Shares to scare them into selling.
Thank you,
Hal Engel aka WillyWizard
http://willywizard.com
Disclaimer: Not Paid http://willywizard.com/Profile-CMKX.htm
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
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Pretty good insight on that one lance. I'll post a date if I can get it out of harbie. LOL
Spreads are insane. Or is it my level 2? LOL.