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If urban had unloaded as much as 800 billion shares on the market. If you add that total to the possibility that there are over one trillion naked short shares on the market we would have two trillion shares. If you divide that by 40,000 shareholders, the average position would be 50 million shares. I dont't think this would be true. I think that the 40,000 shareholders hold an average position of 20 million each. This would make sense because 700 billion is what the dividends were based on. I beleive it was stated that the dividend formula was changed to accomidate all cmkx shareholders even the ones that bought naked short shares.
Imo I beleive the majority of the a/s are still in the treasury so UC can keep control of the company. If he had been printing and selling on the open market hundreds of billions of shares, we would have never made it to .001 a while back. Just my opinion
Correct me if I am wrong.
You're wrong. The CMKX crew have kept every printing press west of Denver hopping for the past year. I wouldn't be surprised if the O/S was over a trillion by now. Has anyone checked the A/S lately?
Do you have a link for that if you beleive you are so right.
Of course it is ALL speculation as we are a pinkie, however we do know that we received our ucad and gemm dividends based on a share count of over 700 billion. The big question is what is the actual o/s is it 162 billion or more because UC sold into the market. If he didn't then based on Pedro's theory 638 billion of the a/s are still in the treasury. Who knows? I beleive only Roger, Urban and a few others really know the truth I just hope we find out soon. Good luck and happy thanksgiving to you
Good work Pedro. If the a/s was 800 billion as of 7/31/04 and the 774,435,497,296 shares that our most recent dividend was based on, that would mean the mm's have shorted 137,052,196,904 shares from 7/31/04 through 11/14/04. Correct me if I am wrong.
If the o/s is 162,616,719,608 then 637,383,280,392 shares for the mm's to cover. When this starts to run if it ever does, and if the mm's have to cover at a higher s/p like .001, it would cost them 637 million to cover. The nice part of that is they do have to cash to do that. It's the cash that they have stolen from millions of investors over the years. Here's to you shortie. Ha Ha Ha and Ho Ho Ho Happy thanksgiving and merry christmas to all cmkx'ers
Here is some interesting reading.
Exploration Assistant - Resources for BC, Canada and the World
http://www.bc-mining-house.com/explorationassistant.htm
Saskatchewan geological survey open house November 29th
http://www.ir.gov.sk.ca/Default.aspx?DN=3385,2936,Documents
http://www.ir.gov.sk.ca/Default.aspx?DN=3632,3538,3385,2936,Documents
program outline -
http://www.ir.gov.sk.ca/adx/asp/adxGetMedia.asp?DocID=4323,3632,3538,3385,2936,Documents&MediaID...
Good morning cmkx'rs. I choose to stay on the positive side of this. Hoping for some resolution this week, maybe some pr's. OOps I guess I have to watch what I say around here. That's my story and I'm sticking to it. Been here 2 years now going to see this out win or lose.
Maybe we don't but imo the odds are in our favor especially with the amount of land we have. I like the red sox theory I just hope it doesen't take 86 years.
I have been spending much less time on the boards. IMO the last pr's probably got the mm's scared and they acted. Someone said it was like the crooks calling the cops. hehe
Here is the way I see it. Stockgate issues are heating up which should help us, usca is trading again hope it lasts, good news is coming from our neighbors in canada with feasable projects, if they have the goods we probably do too.
Since the halt I beleive roger has his hands full with a number of things like cleaning up the mess with the Canadian authorities and taking the necessary steps to get us to a higher exchange. He has probably had lots of splaining to do to fix past blunders.
All in all I think we will be ok. Thank's Roger.
Hoping to see some really good pr's as soon as the Canadian thing gets fixed.
Good luck
Living out of a suitcase gets old quick. Any thoughts on where we may be headed with cmkx?
Hello sub how are ya?
I think this is where the exchanges need to end up.
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ARCA/EX
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Stockhound101. I don't beleive anything about the sec, roger, cmkx and market makers meeting on monday. Although it may be true, I don't think they would publish or let that type of thing out to the public. JUST ANOTHER RUMOR
BBP Yeah I met one of the principals of Blockbuster at the party. He is in on of the photos on USCA'S site. He was sitting with Woodwards wife. He told me stories of making millions and loosing millions in the stock market. The interesting thing is someone posted just earlier that big people don't read what's on the message boards. It is true. I asked him if he followed IHUB or any other message board and he said why, I do my own research don't read that crap.
TFN I agree with your observation that cmkx is winding down. If you are referring to the message boards and the amount of posts yes. But nobody is selling and that is witnessed by the low volume. Also it appears there is no more naked short selling going on. So "winding down" may be a good thing. It means to me that everyone is just sitting back not selling and waiting for the goods to be revealed. IMO it is a waiting game. Who can hold out the longest the long investors or the shorts. The shorts want your shares cheap and it doesn't look like anyone is willing to give them up cheap.
If we had some good news that would make it run but I don't expect that until Glenn figures a way to get us to a higher exchange. Good luck.
Hi sub your back! Bet your hair is long by now. hehe. You are asking if there is anything happening. Same ole Same ole. Still waiting for most of the meat we wanted 6 or 9 months ago. I went to the party and was let down like everyone else. Met Urban at the races, really nice guy. I bought more don't ask me why.
Still my gut tells me the same thing I thought 2 years ago, the sask is rich in diamonds and other minerals and we have a good chance at making something out of this. Still the thing that saves me from selling is Glenn.
Did you go to the meeting in Chattannooga?
good luck
PS nice painting
Just lurked on cmkx board. It looks like six months ago before we had a run. Lots of parties on both sides. The good thing is there are lots of parties.
Ive been in this for two years and watched everything unfold. My opinion and it is only opinion is we have the shorts cornered and if there was really something big and bad that the companys did then we wouldn't be trading usca today, it would have all fallen apart.
CMKX has trudged a long hard battle in the past two years and the longs that stay with this will be rewarded IMO.
Good luck to you all
GO CMKX
Already 12:30 est and only a handfull of trades today with cmkx. Looks like everyone is waiting to see what happens tomorrow.
Fox news just announced the sec investigating 12 brokerage firms. Should be interesting to see what the reaction is.
HTO, I just put in an order for 5 million more. I may loose 5k total if this thing goes south, but I'm riding free shares anyway and have been in it 2 years in February. I wouldn't want to miss this conclusion to this mystery novel for the world. Good Luck and yes Merry Christmas.
Ha Dec 7th is D-DAY. That's when the bombs hit pearl harbor.
There is a definate difference in the way cmkx is trading. Maybe the mm's are being watched by the sec and they are not trading between themselves to paint those .0001's anymore.
Interesting note. We started at .0002 and it has not dropped down to .0001 yet. Does this mean the mm's are no longer allowed to manipulate the stock.
Please why doesn't everyone just kick back and let D. Roger Glenn handle the sec and the dtc. All we are doing with stuff like this IMO is making his job harder.
Zen I pretty much stepped away from it for almost a month just because I had my computer being worked on by a friend. I went to the party and Roger did the only thing he could do which was gag the management of all companies for the weekend. I beleive he and Urban and the rest of the management is looking out for the interest of the shareholders by acting like they did.
The bad thing is everyone already had their reservations and wanted to go anyway to maybe get some answers. But even though we didn't get that the investors still had a chance to meet and discuss their investment. I didn't talk to many people that were negative to the point they were going to sell. It was just the opposite most people said they still beleive in the company(s) and will stick this out.
This is a good thing because with the huge short position, if we come out of this clean IMO we will get the run that we have all been hoping for.
Another topic is people wanting to call the sec, dtc and make a complaint. I think it is everyone's right to voice their opinions to these agencies as far as naked shorting and the crime being perpetrated on us but I think it should be done in an orderly fashion. One letter with everyones signatures on it.
Hopfully we will know something tomorrow. Good luck with this and I hope everything else your dealing with works out ok in your life
Very good actx now lets get an attorney to write a cover letter.
I read a post earlier about maybe they were getting ready to do a sggm dividend and for the mm's that was the sword through their hearts, so they used their connections to make this complaint to save their dragon from being slain. You are right what a mystery novel this could make. Gotta go been on the computer too long today. Have a good night Aloha, hang in there bra.
Hey Stock Hippie, Were you at the party? I havent posted on the boards much lately I wanted to give it a rest for a month. But felt compelled to put in my two cents lately. I hope we all get the answers that we went to the party to hear. I'm confident that Glenn will pull through for us all. Good luck
KMT no what I meant was the rumers that were floating around I did not want to repeat on this board they are all the same rumors that we all have heard in the past, tender offers, more dividends and that kind of stuff, and I am also saying that nobody there heard anything like that from the company's involved.
It was obvious with all the balloons that were above the company had planned on some type of announcement that would be followed by the dropping of the balloons.
KMT I was saying that I heard a lot of rumors from other shareholers and they were simply speculation on their part. Everyone is entitled to their opions of what may happen. I was not talking about anything we heard from Ed Donahue, all he said is that they cant say anything.
Posted by: johncee
In reply to: None Date:11/1/2004 9:56:57 PM
Post #of 115559
IMO let the stock patrol and other publications and radio shows put down the stock they are just digging themselves a hole. Since they are probably being controled by the mm's and hedge fund interests to run the company into the ground so the shorts never have to pay the piper. The more they say IMO the more ammunition D. Roger Glenn has. ALSO
There has been a lot of talk today about shareholders contacting the sec and dtc by mail, email or phone calls, calling congressmen etc. If we as shareholders turn this into a fiasco like what happened with the transfer agents we could loose. We could shoot ourselves in the foot.
Let D. Roger Glenn handle the matters that the company needs to address, he is much better at it than any of us. I'm sure he has it well underway. If the sec gets thousands of calls from shareholders it will just make his job harder.
If people want to send a message to the sec or dtc or their congressmen then we should put together a simple letter that everyone can endorse and then everyone put their name on it and then send it.
I believe that the mm's and hedge funds are committing a crime against investors they have been ripping us off for years. But I also beleive that we should leave it up to the attorney to handle that. I am not saying that we should do nothing but we should do it collectivly and in a manner that does not pester the sec and dtc.
IMO let the stock patrol and other publications and radio shows put down the stock they are just digging themselves a hole. Since they are probably being controled by the mm's and hedge fund interests to run the company into the ground so the shorts never have to pay the piper. The more they say IMO the more ammunition D. Roger Glenn has. ALSO
There has been a lot of talk today about shareholders contacting the sec and dtc by mail, email or phone calls, calling congressmen etc. If we as shareholders turn this into a fiasco like what happened with the transfer agents we could loose. We could shoot ourselves in the foot.
Let D. Roger Glenn handle the matters that the company needs to address, he is much better at it than any of us. I'm sure he has it well underway. If the sec gets thousands of calls from shareholders it will just make his job harder.
If people want to send a message to the sec or dtc or their congressmen then we should put together a simple letter that everyone can endorse and then everyone put their name on it and then send it.
I believe that the mm's and hedge funds are committing a crime against investors they have been ripping us off for years. But I also beleive that we should leave it up to the attorney to handle that. I am not saying that we should do nothing but we should do it collectivly and in a manner that does not pester the sec and dtc.
Willhub I was in the outside smoking room when Ed Donahue was talking to the shareholders. I didn't see the girl get on stage I just saw everyone coming out of the room and gathering around Ed. I heard a lot of rumors too that I won't repeat, but I do beleive they had some really good news that unfortunately had to wait.
Wow I've been in this almost two years a book could be written about it. We need to just sit back and know that they really did have something good to say and we will hear it soon. I know everyone is tired of popcorn but we have to eat a little more before this is resolved and the company can move forward.
I just don't want to see what happened with the tranfer agent fiasco to happen with the sec. We don't want the sec getting frustrated with cmkx shareholders.
willhub. I agree with your earlier post that if we pester the sec that will not be a good thing. Let the attorney handle it. If we could do anything constructive to let the sec know of our concern we should have one letter approved and signed by all of the shareholders we can get to endorse it. That way the sec does not get a million calls, letters and emails. We could shoot ourselves in the foot if this get's out of hand.
Nostinkinc. Ok you want to congradulat the twit that got up on stage and made the party ugly. You really think that she was a hero. How much of a hero can she be when she is badmouthing a company who is throwing a party for her and others. If she had more sense than alcohol in her then she would have thought about it first. Again the company and attorney had their hands tied and should have for our benefit as shareholders. If she could not comprehend the situation that UCAD and CMKX was in as far as disclosure or forward statements at the party then she is not a friend of the shareholders and definately not a hero!
axtx why don't someone put together a collective resume of all the management team including all the partners and show their combined experience as a testimonial then add the short position and how it ripps off the american public.
What do you mean convenient for the company to do this!
They didn't do anything wrong. they had to NOT reveal anything to the shareholders cause they could not. It was not a convenient thing for them to do but something that was manditory considering the circumstances. As a shareholder I want the company to do the right thing what ever the situation is and
THEY DID THE RIGHT THING LAST NIGHT
Sure the shareholders were upset, I was too I was there and saw everything happen the way it did. But as we all went to the bar to talk about it, I'll bet UC, Roger, Rendell, and others went to their rooms totally depressed. Not because they failed but because they have done nothing wrong and have a very successfull plan but they couldn't talk about it. HOW FRUSTRATING THAT MUST HAVE BEEN fo them.
IMO the (mm's and hedge funds ) have orchistrated this complaint because they have a lot to loose should they have to cover their naked short position. Now the sec is looking at it and the question is will they (the mm's) win or will we win. Will their attorneys and powers that be, be able to convince the sec that we are a scam or will we win by proving to the sec that we are not a scam and that we have done nothing wrong. If we win IMO the short squeeze will begin. If we loose then ucad will go to ghe pink sheets and D. Roger Glenn will have to use plan F or whatever he has available as options. I think we will win either way. We have D. Roger Glenn and an excellent management team. UC has put together some of the best people in the industry and if we have an opportunity of a life time.
Have some popcorn and relax we should have some answers by wednesday or at least by the end of next week.
An interesting note for those who like to read into numbers. The drawing tickets were in the range of 464000 through 467000. If you want to read into that maybe it is a hint that the a/s is in the 400 billion range.
People that I talked to at the party:
One guy was named Hank he was sitting with John Woodwards wife and was telling me that he was an original investor in blockbuster video years ago and had some very intersting stories of winning and loosing millions in the stock market.
Another guy was into venture capital and has companies offices in the US that raise capital for start up companies.
As far as those people ragging about the bodyguards, Hey if I had any type of notice that there may be an attempt on my life I would have body guards too. Who knows what kind of idiot is out there in the croud. Look at the twit that got up on stage and grabbed the microphone.
In the beginning of the evening Urban got out in the middle of the dance floor and allowed people to take pictures with him. He was really personable and shook hand snd hugged lots of people, took pictures. If he had knowedge of a possible threat on his life I think that it was a really brave thing for him to do.
I hope this gives some of you my impression of what happened last night and what I think is going to happen.
Good luck
gnight GO CMKX
I was there and a lot of people went into this with the idea they would get answers. It was also stated on the brochure but I still think it was the right thing to do and I beleive D. Roger Glenn made that spur of the moment decision to cancell the speaches. He would not be looking our for the shareholders best interest if he didn't put a gag order on everyone.
Hello cmkx'rs. Just got back from the party. I'm tired but I wanted to comment shortly.
Although some people feel disapointed that there were no big suprises like 8% dividend, tender offer buy out and all that crap, it was still a very good party. And that is all it was was a party ucad's appreciation for gaining 42000 investors.
UCAD threw the party but it was mostly cmkx shareholders that were there. CMKX shareholders wanted answers but they didn't get them. D. Roger Glenn was at the park this afternoon with several investors trying to answer questions but could not and would not say anything. I was not there but was told that most of his responses were I can't comment on that due to the hault. No forward statements could be made about ucad or cmkx or any partner.
THIS IS A GOOD THING
If the Roger and company would have done anything different, then I would think it was a scam. As I said yesterday I met with Urban on Friday and met Jeff and crew I have a good feeling about the principals involved and that they are not only good people but they are after the same success that we all are.
People just have to have patients.
Although there was dissapointment at the end of the night it was a good party and the most interesting thing was after it was over I almost was going to go home but I didn't. I went to the bar to chat with the shareholders and 100% of the people I talked to said they are not selling and they really beleive in that the company will succeed. Most people beleive there is a huge short position.
Enough for tonight I will gather my thoughts and have more to say tomorrow.