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When you see it in Time and Newsweek, it will definately be time to run for the hills. LOL
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PITA and Superbee- beware here. There is a saying among some of us "older" investors that when Business Week is touting something it is time to exit the play. It goes back many years to when they were printing the the great investment opportunity in gold and silver in 1981 just a week before it all came tumbling down. Let's just hope the stigma has worn off, LOL.
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blacklung- can't hardly go wrong at this price. in case you missed it here's my previous post;
http://investorshub.advfn.com/boards/read_msg.asp?message_id=29399750
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130K buy at the ask. eom
WTVN update- I just updated my iBox on the outstanding share count. 300 million shares dumped in just 2 weeks.
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10/22/07--- 18,351,705--- from TA
11/01/07--- 23,125,015--- from TA
11/09/07--- 29,954,387--- from TA
11/22/07--- 48,814,895--- from TA
12/07/07--- 68,616,327--- from TA
12/21/07--- 116,432,725--- from TA
01/04/08--- 140,916,975--- from TA
01/18/08--- 199,071,043--- from TA
02/05/08--- 286,225,109--- from TA
02/15/08--- 320,212,509--- from TA
02/29/08--- 414,690,459--- from TA
03/12/08--- 525,593,709--- from TA
03/27/08--- 689,917,594--- from TA
04/04/08--- 750,245,594---from TA
04/17/08--- 895,901,594--- from TA
05/04/08--- 1,176,557,594--- from TA
05/19/08--- 1,468,885,594--- from TA
another high volume day for such a low float. just an observation
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OS count updated in iBox. eom
and they will be successful as long as most of the trading is going at the bid.
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GM all, worth a repost- when the stock was trading at this price pre reverse split there were no revenues, no Star trek, no Remiere, toxic finacing going on, and share dilution. Just take a moment to think on it.
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Major D- Ameritrade hasn't locked anything yet. I put in a GTC order for all my shares yesterday at $1.50 and the order is still on the books. I don't have margin and it keeps them from using my shares for shorting purposes. Just FYI
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twogreen, I've always had a bad feeling about that myself, but no adequate resources to persue it thoroughly. It wasn't long after that post when the reverse split was thrown upon us. Truthfully I did a major evaluation of my position after that reverse split. I was expecting one sometime in the future and even posted the possibilities it could open. What threw me at the time was the way the company handled it. Up until that point I was very pleased with the way the company seemed to do what they stated and was very investor friendly at the same time. It was definately bad news to try and sneak a reverse split in without a prior announcement. I'll bet it turned many investors off and we are still feeling it. Not that it is the only reason the share price has deteriorated, but it is definately a factor- loss of investor confidence. I don't find it strange that all this started happening when the shysters became involved. Anyway, I looked at the future for the company and liked what I saw despite the miscues and am still here. For how long is a good question. I have lost some confidence in our management team. I keep a diligent watch on everything. Nothing will destroy a start up quicker than undercapitalization or worse, mismanagement. I know a turnaround from present conditions won't happen overnight. It will take time and as long as I see the company headed in the right direction I'm in for the ride.
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twogreen- a link for you, re 50¢ share
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25180816
surfer- last time this stock traded at this level pre split there was no star trek, no sales to speak of, just a few distributors, and they were going thru a round of toxic financing which drove the share price to .0006 at the low. And Lurker wasn't even selling pet urns then LOL. A few pieces of good news and it became a 10 bagger. And there were more outstanding shares available then also. As I posted yesterday to someone, these are gut renching times.
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twogreen- right now the uplisting is key. Even then institutions won't touch it as the $5 limit is in place for the vast majority of them. Once again hedge funds are a different story. What we hope to avoid is any kind of toxic financing, especially if it's tied to additional shares being added to the outstanding. All the uplisting is going to do is open the stock to a much larger pool of investors that won't touch a pinkie. Yes there are many pink stocks that belong to companies that are very successful and they choose to stay pink mainly because of Sab-Ox requirements. But there are very few pinks that are successful start-ups. Share appreciation will happen when there is far more demand than is currently happenning. That demand will come from additional investors buying in when reading successive 10Qs and 10Ks showing increasing revenues thru higher sales and growth. The uplist in itself may only produce a small spike in share price. The reports showing the continued success and company growth will be the triggers. Just remember this all won't happen overnight. The patience required will be at times very gut wrenching as it is now. Only the individual can determine his/her comfort level and make decisions accordingly.
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Mon Hun- welcome aboard. It started years ago with a small group sending warnings to mostly deaf ears about Kanakaris and his operation. Each year after the almost yearly reverse split more screwed investors have taken a moment of their time every so often and tried to spread the word. The list is now growing almost daily. You have the right idea and are going in the right direction. Best of luck in your quest. You are definately not alone. Click the link in my siggy. I got this on top of the list in the hall of shame.
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twogreen- if you mean institutions as in mutuals, that's a big no. A very large majority of them cannot by charter invest in any stock under $5. If you mean hedge funds which have no such restrictions, it is plausable. The uplist means financials each quarter that go to the SEC. It's kinda like a security blanket to investors because no one wants to get caught lying to the SEC. What the uplist will do is open the stock to multiples of more investors than will touch it now in pinkieville. A VERY large majority of investors will not touch a pinkie because of the proliferation of scams and scam artists that operate there. Click the link in my siggy for a board dedicated to them. Filing of forms 10Q and 10K opens the company's books for all to see and base investment decisions on. Pinksheet stocks have no such requirements leaving the investor basically blind. Hope that helps a little.
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someone just put their money where their mouth is, 100,000 shares at the ask .067. And it didn't budge.
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Been following this one since the first round of the current dilution. Given the history of Aziz coupled with the extreme dilution going on, AMHD deserves a spot on the "Hall of Shame" here:
http://investorshub.advfn.com/boards/board.asp?board_id=12189
He would be joining quite a lineup of thieves and scoundrels.
I just saw your chart. Question- Long term money flow shows money has been flowing out of the stock, yet we have a strong accumulation uptrend. It seems contradictory. My charting skills are amateurish at best as I'm more of a fundamentalist type. Looking for a sound reasonable explanation, that's all.
Thank you
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share count updated in iBox. eom
camguy- watching volumes and share price daily as I do, and I suppose you and many others also, I have been noticing declining volumes even with the fluff machime going full blast. I believe what we are witnessing is the beginning of the end, but don't expect Alex and gang to go quietly. It will everyone else's fault . After all how could the dumping of billions of shares on unsuspecting investors cause any harm?
2. "The Company especially feels that it is being shortsighted by certain parts of the investment community and seeks to correct that..."
That just tells me the word is definately spreading. I think it's some kind of justice that the same internet they used to fund lavish lifestlyes at the expense of uninformed investors is now becoming the instrument of their demise.
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apologies to all reading here. I didn't get to update the share counts with the TA on Friday. I'll be on top of that on Monday. Thanks for your patience.
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I exited my position quickly after the last 300 million share dump., and now I see he has dumped a few hundred million more shares. This guy is worse than Kanakaris at WTVN and that is really saying something. I wish you guys all the luck in the world, but I can't see any future for shareholders in a company that is dumping shares like this one. And didn't he promise in a recent PR that he wouldn't be dumping any in the next few months? A smart trader with his finger on the sell button can probably make a few $$ here. If you're thinking long term, you might want to rethink. If this dilution continues he will eventually have to reverse split the stock, and you can bet it will only apply to the outstanding shares. It's just one scenario, but given what's been happenning, a very likely one. GL2 all
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same release, different venue:
http://www.tradingmarkets.com/.site/news/Stock%20News/1398856/
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Jim- just a FWIW- many years ago I had a father in law that had 3 wood hulled boats. He loved fishing but hated maintenance so guess who had to take care of all that. Anyway, his philosophy was to spend as little as possible on maintenance because even tho gas was far cheaper in the 70s it was still expensive to keep it in 3 boats. He would buy the cheapest bottom paint he could find and needless to say it was very low copper content. Also needless to say when the boats were pulled for the winter the bottom had more than a few barnacles attached. One day I got to talking to a really old time "salt" from the next town south of me. We got to talking about boats and I explained my barnacle problem. He told me to just add red hot pepper to the paint. When I asked what that would do he said the barnacles would sneeze themselves off the hull. To make this short, I tried it the next year. I put a cup of red hot pepper in each gallon. When the boats were pulled for that winter low and behold, there were virtually no barnacles on the hulls. If location has anything to do with it, I was living on the coast of southern New Jersey at the time. Just passing on a good, but very true, story.
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from Detroit Free Press:
http://www.freep.com/apps/pbcs.dll/article?AID=/20080420/NEWS01/804200615/1003/NEWS
Maybe you can take it with you to the grave.
Advertisement
If "it" is an obsession with pro baseball, outer space or doe-eyed figurines, Eternal Image of Farmington Hills has something to sell you.
For the right price, you or your loved one can be buried in a coffin or have your ashes placed in an urn bearing the logo of the Detroit Tigers, for instance.
The company's youthful president -- Clint Mytych, 27 -- says business is building for his brand-name urns and special coffins.
Mytych says it's all about the brands, and so far his company has struck licensing deals with big names like Major League Baseball, Precious Moments figurines and -- yes, Captain Kirk -- even the "Star Trek" classic television series.
QUESTION: Did you come up with this idea?
ANSWER: Yeah, I did. The idea was simply to bring brand names, like everyday household brand names, to the funeral industry and incorporate those brand names into caskets and urns. Because there simply wasn't anything like that in the industry yet.
Q: So what's the most popular so far?
A: Well, I have to say Major League Baseball. And our most popular product of all, right now, is the New York Yankees urn.
Q: Of course.
A: We sell more of that than any product in any line.
Q: Damn Yankees. They're No. 1 in everything. Including urns for your ashes.
A: Go figure.
Q: What kind of guy wants his ashes in a Yankee urn?
A: Well, I can't answer that. (Laughs.) But I can tell you, I'm a native Detroiter, so I'm all about the Tigers. But I can tell you something interesting. We sell ... baseball urns to people as young as 30, 32 years old. People that want it well in advance, because it's cool. It has a kind of sizzle factor. Either they just want it around their house or they know that's what they'll want to go in one day.
Q: Have you picked out one for yourself?
A: Everybody asks me that. No. I just turned 27 so I don't think about it too often. ... In a few years, when I'm past 30, maybe, I'll take a look and see what I'm interested in. I can tell you I prefer to be buried. I have no interest in being cremated, but that's just me.
Q: You have "Star Trek" stuff?
A: Yes, "Star Trek" comes out later this year.
Q: Is there a casket that says, "Beam me up, Scottie"?
A: No ... but it's reminiscent of a photon torpedo.
Q: Any other dream brands out there?
A: I'd love to get a car company one day -- to be able to do a classic Corvette or a classic Mustang product.
Q: You gotta get Harry Potter. That would be huge!
A: (Laughs.) We may need to let that fan base age a little bit.
Q: Do you get any unusual requests you cannot fill?
A: A Three Stooges product. ... (But) I got one that's even odder. ...We got asked if we do any tiny caskets for fish. ... I don't know if they're looking for goldfish or deep sea fishing. I don't know what type of fish you'd put in a casket.
Q: Well, maybe somebody has a beloved pet carp somewhere.
A: I heard some of those koi fish, in those ponds, can cost like $800-$900. So maybe you just don't want to bury it in the dirt when it's dead, I don't know.
For more information, go to www.eternalimage.net.
OS count updated in iBox. eom
midrew- I have no point. I have a great search engine that picks these things up and I pass them along whan I get them. It just adds to a list of the multiple $millions of free advertising this company gets from having unique niche products in a very large market. While we're in the mood for questions , please tell me, what is your agenda here?
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from Chicago:
http://www.suntimes.com/sports/slezak/892526,CST-SPT-urn13.article
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All the fuss about short shares and moasses seems to have diverted attention from fundamentals. Perhaps I'm looking at this wrong, but we have a company with 8 million shares outstanding with revenues now projected to be about $8 million this year with the aquisition. At the current share price of 8¢ we will have a price to sales ratio of .125:1. Naturally that will change drastically when the restricted shares become tradable, but for right now we have a darn good price to sales number that would be the envy of anyone looking to invest in a blue chip. JMHO
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agreed, I've been reading him for years. Straight upfront analysis aboput the way things really are. And wall street can't hold a candle to the spin that comes out of Washington. How can you tell if a gov't official is lying to you? When his/her lips are moving. LOL
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why does it not surprise me that you are a reader of Jim Sinclair.
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question for all. is anyone putting in limit orders at the bid and getting filled? If so then you may want to rethink the possible short squeeze. no market maker is going to place your order at the front of the bid if they are short. looking for responses to my question. thanks
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we seem to have one of two things going on here. one is the mm manipulation as everyone believes and will be fixed shortly with a cusip change, or two, you'll see a regdex filing out in a couple weeks. I hope it is option one, but if it's #2, then we should seek some good old fashioned frontier justice. ceo has been honest and upfront here so far, but it wouldn't be the first time a good ceo was corrupted by cash flow problems. hope we have an update from the company real soon.
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OK good for you. You do have the right attitude for making $$$ with this company. Myself and a few others have for a long time(I've been in this since Oct 06) been saying this is a long term hold. It is not a trading stock and won't be until perhaps the price gets into the 20-30¢ range. When in doubt just call for Heppie.
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Fugundus- please don't look forward to a buyout. If you own shares in this company it could even hurt you. A takeover by buyout would only need to buy control of the company's votes which reside in the tightly controlled hands of our management. An outsider could buy all the shares of common out here and still couldn't take over the company. It's all in the voting power. How happy would you be if a big outfit bought the company and to get rid of pesky shareholders reversed the stock into oblivion. It could happen. Any attorney worth his fat paycheck will set up a microcap company with super voting rights on a preferred series of the stock. No takeovers, no expensive proxies, no one to contest whatever management wants to do with the company. Takeovers may be good for shareholders in blue chips, but in pennyland it's only a roll of the dice.
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Snookered by CMKX? revenge:
CMKM - SEC Charges 14 in $64 Million Penny Stock Scheme
FOR IMMEDIATE RELEASE
2008-54
Washington, D.C., April 7, 2008 — The Securities and Exchange Commission today charged 11 individuals and three companies, alleging they conspired to illegally issue and sell unregistered stock in a purported diamond and gold mining company and lined their pockets with more than $64 million from 40,000 investors nationwide.
The SEC complaint alleges that CMKM Diamonds, Inc., with assistance from a transfer agent and an attorney, fraudulently issued hundreds of billions of shares of purportedly unrestricted stock to the scheme's mastermind. The complaint also alleges that CMKM's CEO Urban Casavant generated investor interest in the company through false press releases, Internet chat boards, and "funny car" race events across the country without disclosing that he ran the company from his house in Las Vegas and that CMKM's primary activity was to issue and promote its own stock.
Additional Materials
* Litigation Release No. 20519
* SEC Complaint
Linda Chatman Thomsen, Director of the SEC's Division of Enforcement, said, "The perpetrators of this massive scheme include several securities professionals and an attorney. Today's action demonstrates that we will aggressively pursue individuals who ignore their obligations as gatekeepers to our markets and instead collude with their clients to violate the federal securities laws."
Rosalind R. Tyson, Acting Regional Director of the SEC's Los Angeles Regional Office, added, "The allegations in this case highlight the significant investor harm that results from abuses in the penny stock market. Although CMKM's stock sold for well under a penny a share, the defendants were able to reap millions in profits by conspiring to flood the market with billions of unregistered shares while falsely promoting CMKM's value."
The SEC's complaint charges CMKM, the broker-dealer and transfer agent involved, and 11 individuals including Casavant. The mastermind of the scheme, John Edwards, who was living in Las Vegas, and others allegedly sold their unregistered shares into the public markets for a profit of at least $64.2 million, much of which was paid to Casavant to support his extravagant lifestyle. The complaint alleges that Edwards profited by approximately $26.4 million from sales through a single broker-dealer. Casavant profited by approximately $31.5 million, and others Casavant recruited profited by approximately $6.3 million, according to the complaint.
The SEC's complaint, filed in U.S. District Court for the District of Nevada, alleges that from January 2003 to May 2005, CMKM improperly issued up to 622 billion shares of purportedly unrestricted stock. These issuances allegedly were based in large part on both written authorizations and attorney opinion letters prepared by Brian Dvorak, CMKM's lawyer, which were often inadequate, suspect, and inconsistent. Nonetheless, the complaint alleges that based on these faulty documents, CMKM's transfer agent, 1st Global Stock Transfer LLC, and its owner, Helen Bagley, issued stacks of stock certificates without restrictive legends.
The SEC's complaint alleges that Edwards, his associates Kathleen Tomasso and Anthony Tomasso, and Casavant's cohorts James Kinney and Ginger Gutierrez then deposited the certificates with various broker-dealers and sold the shares into the market. NevWest Securities Corporation and its employees, Anthony Santos, Sergei Rumyantsev, and Daryl Anderson, are alleged to have sold more than 259 billion shares of CMKM stock for Edwards, despite numerous red flags indicating a massive unregistered distribution.
The SEC charged all of the aforementioned participants with violating the registration provisions of the federal securities laws. In addition, the Commission charged CMKM and Casavant with violating the antifraud and various reporting, record keeping, and internal controls provisions.
The SEC seeks a permanent injunction against all defendants and an accounting, disgorgement with prejudgment interest, and civil penalties against all of the defendants except CMKM. In addition, the Commission seeks a penny stock bar against each of the individuals and an order prohibiting Casavant from acting as an officer or director of any public company.
The Commission acknowledges the assistance of the Financial Industry Regulatory Authority (FINRA) and the Saskatchewan Financial Services Commission in this matter.
The SEC's investigation is continuing.
# # #
For more information, contact:
Andrew Petillon
Associate Regional Director
SEC's Los Angeles Regional Office
(323) 965-3214
Finola Halloran Manvelian
Assistant Regional Director
SEC's Los Angeles Regional Office
(323) 965-3980
Molly White
Senior Trial Counsel
SEC's Los Angeles Regional Office
(323) 965-3250
http://www.sec.gov/news/press/2008/2008-54.htm
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learner- Many years of experience have taught me if Cornell or NIR is involved with financing, run away as fast as you can. It seems when a company's credit worthiness is not good enough for anyone else, these two will finance, but the higher costs are many times too much for the company to overcome. Those two are the worst of the toxic financiers. JMHO
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I guess my interpretations were a little off. I thought precious moments was geared more to children, and star trek is not just a movie, it's more of a culture. O well live and learn.
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from the newsletter:
Eternal Image caskets and urns aid in the healing process for these families by celebrating their loved one's passion for a favorite team, movie, collectible or faith.
We know about team and faith, but is movie and collectible something new?
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