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prospector, perked me up as well.
I almost began to think people hate the bearers of bad news, and question their position in the stock.
What I was offering on Monday and most of yesterday still holds, but I am very much invested in CMKX and hope for a strong and sustained pps move like everyone. I hope pointing out the realities didn't cast a doubt about my holdings. I just call it like I see it.
If we are to trust Urban and Atty Glenn, then my suggestion of last night and this morning is a SINCERE hope and a real possibility. This is the 3rd day, and no other positive perspective has been proposed which includes an 800 Billion O/S. That fact alone mitigates the details of action plan in my eyes. I myself still can't think of one.
I believe in UC and Glenn, and in their words integrity, which was my basis for offering my theory.
If Dr.D. assures his methods of charting were within our claims, his post is indeed something to be excited about, or at least follow up on with the company.
Be well, Bo
Scanning the boards...Dr.D. flyover??
This comes from noahtl, who in the past has shown to be credible:
noahltl
Member posted August 25, 2004 12:03
--------------------------------------------------------------------------------
Dr.D was on Paltalk last night. First time I had ever heard his voice. Seems like a very intelligent individual, not the raving lunatic that he has been painted as here by a couple of people.
Anyway, one of the most interesting things he talked about was the number of drilling rigs on our holdings in Sask.
He has a friend who owns a plane, so about 8 days ago, he and friend charted our holdings up there and flew over them, filming and counting 4 drilling rigs on our properties. Commented that Melvin either doesn't know all of what is going on up there drilling wise. Or he only reports on what CMKX is drilling and not on what our JV partners are doing.
_________________________________________________________________
Interesting to say the least.
I guess it's easy enough to confirm.
Dr.D, is the above post true? If so, what methods did you use to chart the property, and how sure are you of the methods you used?
Thanks in advance.
Bo
prospector, in reply I agree with you
that the surveying coordinates, including any GPS data were used.
Shore Gold has been drilling the Star Kimberlite since 1996!
I would have to see a goverment statement or a surveyor's report before I would begin to acknowledge the post from RB.
Be well, Bo
investorcg, either dumping, or the
"Buy" scenerio of the Bluff, Buy and Ensure theory is about to begin.
The shake is happening NOW, so that the most favorable levels for CMKX to buy back and retire shares is about to take place.
Or like you say, the dilution is upon us.
It's one of the 2. We'll know soon enough. : )
Bo
Very true Mach, please know the caution still
remains, and I stand by every word of my posts regarding my concerns prior to offering my theory.
However, if those that have met the man, seen his actions by using his own shares in the NM deal, and believe in the company and Roger Glenn, then what I humbly offer would be plan true to their goals.
I can tell you were impressed by UC. Because of the respect I have for you Mach, that tells me a lot.
Let's hope for the best. : ) Bo
Mach, thank you. If this is so, then it will be truly
an amazing reaction if O/S is revealed at a surprisingly lower number than expected, and thus, it is proven those shares were never meant to be issued unless there is a hostile takeover attempt. Then add this to a positive result from our drilling efforts. : )
We will know soon enough within the SEC filing when they become a reporting company, and move to another exchange.
I'm glad a few have believed my "Bluff, Buy and Ensure" theory had merit.
I didn't know what else to call it..lol
They "bluffed" because there was and is no intention to dilute shares.
The "buy" is because of the current shake of the news that was allowed to leak out, they are able to retire shares cheaper (and MORE of them). This remains consistant with their share retirement goals.
The "ensure" is that no threats from outside forces can take hostile control of the company.
Bluff, Buy and Ensure.
All in my opinion, and all to be seen. : )
Be well, Bo
Speed, about your thoughts...
Respectfully, we have to stay grounded in the fact that the shareholder's of record are recorded by 1st Global. Those include shareholders who own the stock in certificate form, those who own it through brokerage accounts, and finally those considered company insiders (Urban included).
I have never seen a NSS scenerio play out, that is why I obtained 60% certs like I did. Your point is fair, but control of the company is (or should be) legally based on the apportionment of ISSUED SHARES (not NS shares) officially recorded with 1st Global.
Your point does in fact add to my argument of the total authorized share laying dormant in abeyance of such attempt at a claim of control, whether it be through a legal attempt for a larger player to gain control, or an attempt in aquiring such NS shares, and claiming the same control. If my reasoning is correct, they have protected themselves against ANY claim of takeover by legitimate means, or by claiming control because of NS shares bought by a larger company.
Bottom line though, is that either way, we certainly would have heard about this by now, at least from the larger company who would have attempted such a manuever.
The reasoning behind my thought is that it serves to prevent such attempts by others. Your point is well taken, but I'll be bold to say such a takeover or control HAS NOT happened. Your post further justifies what I am saying, in that by the reasons that I offered (and your concerns) they are ensuring that such actions NEVER take place.
This, along with being able to retire shares at lower levels currently (because of the shake), could be an action that serves 2 very important purposes.
Be well, Bo
One final point...
When I say CMKX doesn't want a hostile take over from a larger player (such as Debeers), I am talking about losing controlling interest in the company.
Of course a tender offer for our shares at a premium from a larger player would be very good, especially if it is a windfall at .005, .01, .05, etc. Yep, we would all be smiling.
But that's not what I'm talking about.
What I am talking about is that a larger player executing normal share purchases to somehow claim OPERATIONAL CONTROL of the company at the current pricing levels.
I'm simply offering that CMKX MAY BE establishing a way to ensure such a hostile takeover from ever occurring, and advance its goal for additional share retirement.
Again, I temper what I'm saying because I still believe an 800 Billion O/S is a real concern. What I humbly offer would be an ingenious way to accomplish 2 very important goals.
Be well, Bo
Narvo, thanks and let me add to what
I stated.
To review, if we are to believe in what the company and its representatives have said in PR's and in response to direct questions, share retirement is on-going.
When the "Joel incident" of 400 billion O/S occurred, Melvin came on IBC Radio and was very adament that the O/S was not 400 billion, clearly inferring it was less. Again, I do not have the link to the referenced post, but I do recall mentions of Urban stating that share retirement is still happening.
Urban even went so far as to sacrifice 40 billion of his own shares in the Nevada Minerals deal! This act shows his concern about NOT DILUTING his shares. His ACTION is consistant with what the company has said and published in PR's.
With that in mind, go back and read my last night's post, then come back to read my further thought about this.
FURTHER THOUGHT:
So, in my last post, I am saying I thought the O/S was between 150-250 billion, which we would all kiss the ground for at this point...lol. The main point of the first post was to say that the filing to authorize an additional 300 Billion (800 Billion Total) was a bluff, meaning even though it was authorized, they have no intention of issuing those shares. This would be GOOD for CMKX, because their goal of share retirement would be advanced, because shares can now be retired at LOWER PRICES.
Here's another reason for doing so. People have been concerned about a take-over by a larger player, such as Debeers. Nothing CMKX has said or written conveys they want this to occur. In fact, a take-over for control of the company may be to our detriment and detriment to the company. What better way to ensure this cannot occur than to have the ability to buy enough shares back immediately, so that CMKX (Urban) remains the majority shareholder. Thus, if you believe what I am offering, it serves 2 purposes.
1) The bluff has caused a drop in price (for now) to allow for a final round of share retirement at a bargain.
2) The authorized shares lay in abeyance as insurance shares, in case of an attempted hostile takeover. If such an attempt occurs, CMKX (Rrban) can easily regain control by issuing and buying enough shares in the bank of shares now authorized, protecting us all and the company's efforts.
Again, all I remain very cautious at this point, and the above and my previous post is only my opinion, and should be taken as such. Each investor is reponsible for his/her own investment decisions.
Be well,
Bo
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
investorcg, I concur 100%. There are truly 2 paths before us.
Prior to yesterday, so much was before us, and all we heard was bashing, insults, rumors and degradation across many boards (except this one and PB32).
If I was an MM, I would be silent now too. I would be having many do or say anything to keep the price up. I would want to short sell as many shares as I could for as long as I could at these levels, prior to covering in a walkdown.
If Urban, has something up his sleeve, GREAT!! I very much want to take care of my family and others less fortunate than myself for the rest of my life.
It is certain that PR's will come. If dilution follows in their wake, then it really speaks for itself at that point.
In the absence of the shareholder who called yesterday, were they planning on doing this without advising of their recent filing? They have told us the opposite in pr's and company spokespersons.
We'll soon know. : ) Bo
junk, I would agree with you except all that was being told to us was exactly the opposite of what just occurred. Bo
Thank you makeme. I just left a message with
the Securities Division of the Secretary of State. I did it prior to reading your post, so thank you for further confirmation of this.
Bo
No comment from 1st Global.
Helen of 1st Global called me back at 1:08pm. She was very nice, but kindly advised they are not to comment on the Authorized or Outstanding Shares for CMKX.
I can understand no comment on O/S (well not really), but being that authorized shares are public information as filed with the State of Nevada there is nothing to hide. I'll try to contact the State of Nevada next to further confirm or disaffirm what has been reported.
As I said in the last post, CMKX certainly had no plan to tell us they were increasing the A/S to 800 billion.
Bo
Blue, thanks and this tells me we are truly at a crossroads.
The "purpose" can be intepreted as anything. Being at the crossroads, it will either be very good for the shareholder, or very bad.
A potential 300 billion share dilution is larger than the elephant in the living room I talked about the other day. Any investor looking at that prospect has to see the crossroads of this stock it at this pont in time.
I took a free share position late this morning, so I'm ready for anything. I simply refuse to ignore 300 billion in potential dilution. At the same time, what Mach reports from the races has been reported by many, as spoken by Urban himself. I honestly have no clue how you can increase the intrinsic market value of your stock by diluting it, versus is retiring shares and building on positive exploration results.
But like many, I'm going to stick around a bit to find out which path this company takes. The free share position is something I never planned doing, but feel better doing so in light of yesterday's revelation. Also note, it was a shareholder that found this out by chance. The company obviously had no plans to tell us this when it occurred, and they are still silent about it today.
We called your bet UC, the time is near to show us your cards. I'm hoping your hand makes us all winners. : )
Be well, Bo
Mach, excellent post. I've said before
that your field work has been the best I've seen.
Your work was where I first learned and read of the Indy race statement Urban made.
Prior to yesterday at 10am, I could see potential beyond all tomorrows and speed bumps thrown at us by MM's or bashers.
I truly hope this is still the case, and the impression and words said to you by Urban have led us all to place our trust in him. I can imagine how stunned you were from yesterday's report in light of shaking the man's hand and speaking business as well as very personal issues.
At 12:05 ET I left my second message for Jeff at 1st Global.
Thanks again Sir Mach.
Bo
Thank you all for your kind words. They mean more
to me than you know. And yes skibum, it does seem like it was just yesterday.
Like Zen and Mach, I am still holding CMKX and hoping that when UC told someone at the races that we would all be happy before the Indianapolis race that he was sincere in saying this.
I am going to cautiously wait to see if they dilute billions of shares in the wake of any pr's that may be released over the next 2-3 weeks, or if something good is going to come of this.
I hope it is the latter, but time and time again, companies of this type have done the former to the detriment of shareholders.
For those that PM'ed me, I read every one and appreciate your sentiments very much! I'm not able to PM back or I would have responded to each and every one.
Let's smile, say a prayer and see what good comes to pass. : )
Be well, Bo
Zen, if you read my last post, they mirror your
thoughts to the T. And from them being timed so close, I know they are independent of each other.
I know we don't know each other, have never spoke, never e-mailed. You had sent me a PM about 1 1/2 months ago that I didn't realize I had until 3 weeks later..lol
And I couldn't respond because I am not a premium member which would allow me to do so.
I can say this to anyone who have followed his posts or mine, or both...Read our last posts more than once and the others we have written today.
I for one want this company to succeed badly. Yesterday was the 2nd anniversary of my dad's accident, which cost him his life. It happened right in front of me. He was my best friend. A more giving and loving man never have I met. He gave to many rich and poor. I am a single dad with 2 of the best kids on earth. To provide for them, and give to others less fortunate as an example for them is all I desire. Material possessions mean nothing. I dream to make my dad proud from above. At 41, I pray I can honor his memory through my life and what my children become.
However...we as a CMKX family have bee through much. I would never tell you something I didn't believe with my heart. Today is no different.
Be well, Bo
Good evening all. I know many have
migrated here from I-HUB's CMKM board over the last day. Mach's board is the best and it was about 2 months ago when I told him his board would become not only the best and most respected board out there, but also one of the most popular.
Those that follow my posts, know mine try to focus on the positive, based on the realities of the industry and facts presented by the company. Speculation is fine, just so it's based on proven potential (i.e. TDEM's and Goldak's survey).
Most if not all of my posts up until today have been positive or trying to keep the discussion grounded.
Scanning the boards in the past, and especially this weekend bashers were dripping with basless comment and personal attacks.
I'm not saying today is void of bashers, but my word, after what is NOT GOOD NEWS, they are certainly NOT as evident.
What is evident is more wishful thinking and would even go as far as to call it pumping. I know if I was an MM, I would be paying many overtime to pump 24/7 around the clock right now.
Short selling is how MM's profit. THEY PROFIT IN SHORT SELLING BECAUSE IT IS TOTALLY AND COMPLETELY IN THEIR CONTROL They do not profit on predicting run ups or being long in a stock. They have NO CONTROL in forseeing a run up. Investors for as long as history has been written in the stock market work very hard to try to pick winners, meaning stocks that will rise in price. This is not how MM's make money. They focus keeping DOWNWARD PRESSURE on a stock, as profit is ASSURED because of their control on trading.
Their biggest profit potential here is keeping CMKX inflated high enough and long enough, so to add to their short position as much as possible, THEN COVER their position when 300,000,000,000 shares are ISSUED, and the walkdown occurs.
Why after weeks of some very good news within various pr's has the pps not moved above .0003 and .0004??
More important, why after today of a very bad report, clearly fortelling the writing on the wall, did the pps increase from .0003 to .0004 today??
You can all read through the posts I wrote today, on why I cannot and will not believe there is any good reason to authorize 300 Billion additional shares, over and above the 500 Billion share monster already created.
If I was an MM, I would continue to pay pumpers and wishful thinkers to spin that this is good, so they I can short sell as much of their position at .0004 or even higher! Then when the shares are released, be in the best position to cover at great profits as it walks down. I know I said it a couple paragraphs up, but it is worth repeating.
In the past, we would all say beware of the bashers.
So in light of today...and lack of bashers gloating...and seeing more wishful thoughts not grounded on the 800 billion share potential, I say, beware the pumper.
I have shares in CMKX well into the 8 digits in terms of ownership. Clarification from the company on this unprecedented move is warranted for all who have been loyal to his cause to date.
Be well, Bo
aGoodChance, if that was the plan, then
what is the net result?
800 billion O/S will keep our share price depressed. At that level, naked shorting won't be an issue as the bohemith amount of shares will keep our price down.
Also, the company will have $30 mil to $120 million extra cash. One would have to assume this money would be paid to us as a dividend to see any morsel of benefit at all for us. However, if you divide either of those figures by 32,000 shareholders, the average shareholder would receive $937 to $3750 based on today's prices. Some would receive more, and some less based on the amount of shares owned. But this is at the expense of a depressed share price. For me, that is why I invested in this company. I invested in expectation of an increased share price. Further, I don't believe such dilution is for paying a humble dividend to us. The company will have extra cash, but we won't.
Finally, again, why dilute 300 Bil to allow the MM's to cover to the detriment of the shareholder's? They simply could allow them to cover based on the current O/S and promise not to reveal their wrongdoing. The squeeze would result resulting in an incresed share price, happy shareholders, MM's out of trouble and fair trading to begin.
So, I agree with your point on letting the MM's cover. I simply find no basis to dilute an additional 300 billion for them to do so. So what if the price is squeezed higher when the benefit to them is being out of the media and criminal spotlight. Maybe it is good to negociate a fair settlement with MM's, but in my opinion, this is not such a way, being it is at our expense.
You bring up very good points for discussion. I have to go for now, but keep the thoughts coming.
Bo
aGoodCHance, you must be reading my mind.
I have a thought to offer which relates exactly to your point. I wish it was good.
First, your point is THE ONLY plus I can see from this, but is this a plus? Is the reason we invested in CMKX so that they can do favors for MM's at our expense?
800 billion in Authorized Shares doesn't benefit us.
Microsoft has 10 billion shares outstanding. Assuming dilition is to 800 billion, Microsoft's current share price would be 33 cents/share. Newmont Mining is a large gold mining exploration and production company, and always serves as one of the barometers in the gold market on the big board. It has 406 million outstanding shares. Assuming they were diluated to 800 billion shares, their share price would be 2.2 cents per share.
The leaders of this company told us this ship was going in the other direction. Their exposure at the races, by PR, by phone, by radio and the internet have said as much.
If they diluted 300,000,000,000 shares at the market at .0004, that is $120 million dollars in their pocket! If they dilute 300,000,000,000 shares at .0001, that is still $30 million dollars in their pocket! Either scenerio either drives the price to low levels or keeps the price held down, AT LONG'S EXPENSE.
I still haven't received a call back from Jeff at 1st Global, but I'm hoping to hear soon and report back to the board.
I truly invested in this company (and still am heavily invested) on the belief that their exploration efforts would be fruitful. Also, that by the hiring of Atty Glenn, share structure and any trading issues would be managed to our benefit, not for potential dilution of an additional 300,000,000,000 shares.
Keeping the chin up here for now the best I can.
Be well. Bo
I know wbjl. : ) I'm going to step away from it for a bit.
When he does call back though, (not sure if it will be today or tomorrow) I'll report back to the board even if he has already talked to others.
Bo
That's the # I called VooDoo, so we'll see soon enough.
Bo
I found the # all. I left a message for Jeff to call me back.
I called 2 minutes ago and spoke to Paula who took the message. I explained I was just seeking confirmation or otherwise to a reported 300 billion additional shares being authorized on 8-18.
I'll report soon after he returns my call.
Bo
Anyone have 1st Global's #? I would
be more than willing to call and report back to the room.
I did a quick search and couldn't find it. I'll keep looking. I just thought someone may have it handy.
Bo
Zen, thinking out loud here...
I have to agree with you on trying to see a positve in 800 billion shares outstanding.
I've read some say it's to make a buyout easier, and some say it will make a buyout more difficult or unattractive.
How can either of those reasons be valid?
Regarding making it easier for a buyout, I say, the value of the company, is what it is regardless if there are 8 million or 800 billion shares. The price tag of a buyout remains the same. We're at .0003 & .0004 for crying out loud. It doesn't get much cheaper than that if any major player wants to negociate such a deal.
As for making a buyout more unattractive, my simple question is, what kind of stradegy is that? When will it end? If everytime we get good news, will we authorize and issue more shares so we remain unattractive for a buyout??
A stradegy to remain "unattractive" means our share price also relfect the same, meaning stuck or below right where we are now.
I just thinking out loud, and trying my best to see the positive of such a move. Right now I'm like Mach in a very focused wait and see mode. With the price at .0003 and .0004 today it seems the MM's are too.
I liked talking about my boy's football game better..lol (trying to keep us smiling here guys)
Bo
Greeder, and that is a question that
I humbly admit puzzles me beyond any logical answer.
For 6-7 weeks now, we have been at .0004 & .0003 despite news which advances the present and future value of our company, yet no movement whatsoever in shareprice.
Starting today at .0003, we receive news that has me very concerned, and many of us who have much invested. I look at the last trade at 14:39:41 and it's at .0004, up 33% from Friday's close.
You have to laugh & smile here, because it defies logic unless MM's are wary of something significant Urban might reveal if they allow the pps to fall.
Fischer vs Kasperov takes a back seat to this chess game.
Be well, Bo
mex, quoting an important part of your post...
"It has been stated that UC wants shareholders to hold onto their shares. If the UCAD dividend is only received by those who hold from 8/20 to 9/24 then it is possible that CMKX put this out there as a shake to see who the truly loyal shareholders are."
What my concern is that yes, EVERYONE who believes in CMKX held until 8-20, as that was the date that shareholders of record would receive the UCAD dividend.
Quietly, behind our back on 8-18, 300 billion is authorized. No, it is not confirmed that any of these shares have been issued, but in the words of Ricki Ricardo,
UC'eeee, you got some splainin' to do.
Bo
Mach, what does level 2 look like?
Tim, I'm holding my tongue at this point as well.
This is either another day of misinformation somehow manufactured by the MM's, or this is grounds for a shareholder civil and criminal complaint against CMKX and it's president, so the only races he will be seeing, is the race to exit the prison shower.
We'll see which it is. unreal.
Bo
wanna..like many other anxious days, let's see what
is revealed to be the truth.
Many have placed trust in their words, promises, PR's and actions.
I have.
I pray their intentions and actions reflect this. Bo
800 bil! Let's find a source from this board
or Pboards32 credible to confirm or disaffirm this figure.
I'm not going to fluff it. 800 billion would be a direct lie to sharholders and investors, based on the pr's and company comments (Melvin) that we have been told.
The State of Nevada doesn't need flooded with calls, but if 1 or 2 credible people find this out one way or another, then we can determine if this was a MM ploy, or what I mentioned above.
Bo
One last point about post #8660.
In it I wrote:
"Next he assmues that the amount Urban owns is at least 51% and this amount should be added to whatever the O/S should be.
I'm not seeing it that way. Even thought Urban's shares are restricted, they are part of the O/S. So if he is assuming our O/S is 400 billion, Urban's shares would count in this figure as well, not add to it."
One last point is that Willy assumed Urban's 51% would total 251 bil, because the Authorized Shares are 500 bil.
Just as the amount of Urban's shares would count within in the O/S, the actual number he would own is 51% of the O/S, not 51% of the A/S.
Bo
Tim, it is honestly your choice.
I chose to request a percentage for the reasons I listed yesterday. I think this is a unique situation regarding share structure and NSS, and I simply do not know how it will turn out. I felt obtaining a portion of my shares assured my stake and was a right decision for me.
Please note, it may not be an issue at all, and I see the opposing arguements and agree with them in all other cases. I never would think of getting the certs in any other stock I have ever owned. They argue if you own it in street name you are protected. That is 100% correct in a fairly traded market for any stock.
However, there are valid arguments that CMKX is not fairly traded, and there have been company statements of a nss problem.
So hearing each valid side of this, I requested certificates, serving to eliminate the uncertainty of the issue and the outcome for 60% of my investment. It is soley a personal decsision of each investor to do what they feel is right for them in accordance with their risk level on this or any investment issue.
Be well, Bo
Good morning Tim. Zen and I kicked around
reasons why we both ordered (and have received) our certificates based on our own reasons. Some reasons can be triggered from Willy's post in the likelyhood that NSS exists.
It is truly one's own personal choice to do so.
I'm not going to spend too much more time with it, but I just wanted to touch on 2 things from his post.
First the 32,000 SH's who own the stock in street name, and the ~9,000 who requested certificates or a non-listing of their name.
I have 60% of my holdings in certs. Thus I hold 40% in streetname. Zen also has holdings in certs and street name.
I believe Dr.D has stated he holds both positions as well.
I would contend many who have requested certs, also have some left in street name.
Thus, I don't think you can add the ~9,000 in total to the 32,000 figure to arrive at 41,000 shareholders. Unless it can be clarified by further DD that 9,000 people requested 100% of their certs, I'm thinking the total SH number to be around 33,000 - 35,000.
Next he assmues that the amount Urban owns is at least 51% and this amount should be added to whatever the O/S should be.
I'm not seeing it that way. Even thought Urban's shares are restricted, they are part of the O/S. So if he is assuming our O/S is 400 billion, Urban's shares would count in this figure as well, not add to it.
Please note in all of this, I would like to see further confirmation that such a verbal exchange with Carol at UCAD occurred on Saturday.
Onward, and hope we all have a week to smile about. : ) Bo
My initial impression of WIlly's post isn't
lengthy for tonight. I'm a bit tired here and going to call it an early night. I'll comb through it more tomorrow, along with anything else that develops.
~41,000 shareholders, and he is assuming 10,000 shares per shareholder? I'm not critical of his post at all, but who else thinks that average is a bit low? At our highest level of .0012 recently, thats $12. At the current levels of .0004, that's 4 bucks.
Being it's the close of the weekend, I'll go back to my norm of staying away from speculating. On a weekend, I don't mind focusing on UCAD or other partners, as well as other thoughts.
So even though I'm not going to guess at the average number held by each shareholder, but I would think it would be at or greater than 5 to 10 times higher than the figure he offered. Does anyone else see it different?
If this post is true...then what does this say about the naked shorting issue?
If true, then I am glad I received my requested certs 3 weeks ago. I only say this because I am not sure how this will play out. I've not seen anyone post links or references when such a situation had to resolve itself in the past with any other company. I'm not saying it hasn't happened, I'm just saying I'm not aware of any outcome to a similar sitation, which is why I made the cert request in mid-June.
I'm open to discussion on this, as my focus will remain mainly on value. However, I would think any squeeze benefits us all.
If Willy's figure on the number of shareholder's is true, then this is the first of many very important revelations that begin to uncover what the MM's have been up to. Hopefully a squeeze and return to fair trading will help our pps greatly. Too many days where 90-97% buys at .0004 without a raise in the pps.
I guess we'll all soon see. : )
Be well, Bo
Good evening all. : ) From Willywizard...
I hope everyone's day was a good one. Finally a sunny one here.
My son's football team took one on the chin today, 22-7. But it was 22-0 at mid 2nd quarter, and I think it was the wake up call they need because they are a good team, but they played so cautious at the start. But from the second quarter on, they got it together. Little Bo ran a punt back in the second half which had my adreneline going big time and would have made a game of it from that point. The 15 yard clipping penalty far away from the play brought it back to their own 20...grrr. : )
Sorry to indulge you, just wanted to share a bit...and it's the weekend. I'll punch in tomorrow with a laser focus on our CMKX.
Anyway....Hal's post (WIllywizard) is filled with much to chew on. And heeeere we go:
_________________________________________________________________
Important!!!
Saturday, August 21st, Carol from UCAD verbally released the shareholder total of record for CMKX. I find the figures very interesting.
32,000 shareholders of record with shares in street name.
9,325 shareholders who have obtained certs or requested their names not be released to companys
.
The total of 41,325 shares is huge.
Now what I am looking at is CMKX has 41,325 shareholders. Many of these shareholders hold small amounts of stock and may hold larger blocks of CMKX shares. For use in this club email I will use and average of 10,000 shares per shareholder. Some of the 41,325 shareholders could be duplicates because of normal brokerage account and also owning IRA/Roth accounts. I writ this because I fall into this category and I assume many others do also. So lets lower the actual number to 40,000 to round it off for my next paragraph.
40,000 shareholders times 10,000 shares average equal 400,000,000 billion shares sold. Notice I am not using the term "Issued", having my reason not to use that term.
Also we have been told Urban and related parties own controlling interest so at the Authorized of 500 billion totally issued they would have to own a minimum of 251 billion shares to control the company's issued shares. So if this is the case and you add 400 billion the shares tradable are 651,000,000 billion exceeding the company's Authorized Shares by 151,000,000 billion shares.
Theoretically we could say someone has sold shares that exceed what the company's AS so we can call this a short position. Interesting isn't it?
I read many who don't believe CMKX has a short position. I am in the camp CMKX is short sold by Hedge Funds and naked short by Market Makers. Hedge Funds can short, even in the US, they call the short a derivative therefore they are breaking no laws. They can manipulate this short between different Funds maintaining the short for a long term effect on the company's tradable float. The Market Maker just naked shorts as he fills order flow for brokerage house they are contracted with to supply shares to fill orders. This is where many companies complain about DTCC because DTC just issues a Cusip number to the shares in our accounts making them somewhat legal but in reality they are naked short shares we received.
Recent rumor is Market Makers/Hedge Funds have received a Federal Call asking them to cover the short position they hold against the company's shares. Also rumor is the Market Makers asked for an extension which allows them 10 days or 12 days to cover. I am not real familiar with how this works with Market Makers. Rumor has it the extension expired last Thursday or Friday. This might have been the reason for crazy trading the last 15 minutes of the session when the share price bounced at .0001 and .0003 with erratic trading. The bid never did drop below .0003 where it was been for the last apx. 45 days.
Now lets look at another scenario that could take place now that I have established with in reason the short on CMKX. The shorts must cover all three dividends. On August 31st a dividend will be paid with CIM shares and they are nowhere the shorts are able to obtain them to pay the naked short shares. One year ago the company paid out CIM shares but since then the shorts figured the company would disappear or in other lingo go out of business. Well CMKX is still around and looking stronger all the time. Next on September 24 and then October 1st 2 other dividends will be paid out. The Mms now have 3 payouts that will be tough for them to cover for the 161,000,000 billion shares short. They have no way to weasel out of paying either. What are they going to do? Only DTC and the shorts can answer this but I bet they are very concerned because CMKX/Urban is not going to roll over and forgive the short.
Now lets look at the scenario Willy likes. In the above paragraph we are dealing with dividends in shares only. Now lets add another factor into the share scenario, CASH DIVIDEND! This is just a rumor and might never take place but it would sure throw a wrench into the Market Makers if CMKX happened to issue a cash dividend. AND!!!! If CMKX issued a couple cash dividends it would compound the naked short houses. At this point lets bring back in the 40,000 shares holders of record that will receive cash dividends. Are you getting the picture?
Example: CMKX announces a cash dividend payable on the date of the announcement. We will use .05 cents to 40,000 shares holders holding 249 billion shares but there are 400 billion shares held by the 40,000 shareholders. Jimminy cricket someone is going to have to pay up on the date of distribution. 249 billion shares times .05 is a big chunk of cash the shorts are off sides owing. The shorts could handle this amount of cash but if at the same time CMKX announced a second cash dividend out lets say 30 days the MMs are looking at a compounded cash loss which could be very damaging especially when they are already dealing with 3 stock dividends they are also owing for 249 billion shorted shares. Like this everyone!!! Read the next paragraph, Willy is smiling and you will see what.
So at this point in time we have a #144 shares UCAD dividend, a CIM dividend and a GEMM dividend due. Now we have added 2 cash dividends into the scenario. What a mess the MMs are facing, possible bankruptcy of one MM holds the short. Now this is where we add in 40,000 excited CMKX shareholder because they were just paid .05 cent cash dividend and they know another one is soon coming. These shareholder a zealous and hungry for somewhere to put some of that extra cash they were just given, excited about CMKX where will it go?
The snow ball affect
Understand the cash dividend I write about below is only rumor so don't take this as fact but pure speculation.
How many of you would take cash you were just given and buy more CMKX shares? Also UCAD is a tradable company so who would buy UCAD shares? Lets don't leave out GEMM at .03 cents so who would buy GEMM shares? Seeing the picture? I believe over ½ of the 40,000 shareholders would buy more CMKX. I would in a heat beat if they just paid me .05 cent per share cash and promised me another cash dividend in the near future. This would crate such a snow ball building affect to CMKX that the stock price would go nuts, Mt. St. Helens would truly be blowing it's top. The mega of all short squeezes would start to take place. But it wouldn't just be CMKX but UCAD and GEMM would be moving in tandem. If they had a short, no evidence they do, their prices would be rolling higher.
I think you all get the picture of The Casavant Maneuver. I wish you all well in the coming weeks and as Barrett says, "I Hope You All Get Filthy Stinking Rich!!"
Thank you,
Hal Engel aka WillyWizard
Zen..great find!
The suspect post was so poorly scripted, I invested 2 hours of work using 3 search engines to scour every PR or news article I could find and failed to see where Roger Glenn had any day to day involvement with any of the 3 companies mentioned. Even with BREK, I found nothing in the news or website mentioning how he relates to anyway to what occurred there.
Did you ever research something so intently that you forget to check something as simple as the nose on your face? lol
Good finds on the SEC filings. Even in what you posted, I found no daily involvement of him which would relate him to any way to the actions of BREK's ills.
The humble pie I'm having for breakfast right now isn't too large of a serving...lol...because neither in the SEC filings you uncovered, or the work I did in looking at news articles, stock research sites, pr's and the websites of all 3 companies mentioned, do we find any day to day involvement by Atty Glenn at all which relate to problems BREK inflicted on itself.
Have a good Sunday all! Bo : )
Mach, your 100% correct. Atty Glenn's curriculum vitae
is beyond reproach. He is well published and a partner in a major law firm with global presence.
I'm glad he's in our corner.
Good night all. : ) Bo
Tim, thank you for the post.
The post is obviously manufactured, and I contend it was a matter of a person typing misrepresentations and actually typing in Atty Glenn's name WRONGFULLY. This post WAS NOT language from a specific link. I'll prove this in a bit.
First, it comes from the CMKX Board. For some they would say "enough said", and I could end my post now.
This one is too easy to dismiss, and I hope it serves to ease any concern.
First, I say again, there is no link. Prior to this post I typed a dissertation that was very lengthy about NATCO, BREK and the Bank of Bermuda. It went on for pages. Maybe it was a blessing my computer froze and I lost every keystroke of DD and comments that I typed. I was getting bored typing it myself..lol.
I'll give the highlights of it, then focus on one point to show this suspect post for what it is.
First, NATCO has been in business for 101 years as a transfer and registrar agent. A solid reputation with no mention of hint of association with Attorney Glenn: http://www.natco.org/
Next, the Bank of Bermuda. It services the entire island country and beyond. Founded in 1889, the group grew to span 17 of the world's key financial and offshore centres prior to joining the HSBC Group's network in February 2004.
Strongly positioned as a specialist in niche markets, the Bank's clients include high net worth individuals and families with cross-border wealth management needs, alternative investment vehicles, and offshore multi-national corporations. In serving these clients, the Bank focuses on combining technical expertise with a deep understanding of clients' needs to offer the customised financial solutions that set it apart from larger, commodity-type service providers. http://www.bankofbermuda.bm/
Seems like a very reputable commercial bank, and I find no mention of Atty Glenn on their site or news.
Last is BREK Energy. As you can see from the post, it is not from a link, as the first sentence of the post makes no sense! They simply mention 3 companies right in a row, and the names and factoids that aren't clear as to what company they are referring to.
I will prove to you that this suspect post was written with the intent to misrepresent AND the poster simply typed in the name of Atty Glenn. I found the 2 sources from which this suspect post orginates.
Let's look at the factsheet from Hoovers.com. I'll post the link then the language below:
Here is the link: http://www.hoovers.com/brek-energy/--ID__61160--/free-co-factsheet.xhtml
Here is the language:
Brek Energy (formerly First Ecom.com) has made a break with its past singular focus on electronic payment processing, to concentrate its efforts on oil and gas exploration. Making the shift in the middle of 2001, Brek Energy acquired an interest in Gasco Energy, an oil and gas exploration firm with holdings in the Rocky Mountains. The company subsequently acquired a stake in exploration independent Vallenar Energy (with assets in Texas). Prior to the reorganization, the electronic payment processing of e-commerce transactions for banks and merchants via the Internet was the sole revenue reporting segment for Brek Energy.
_______________________________________________________________
Note the almost word for word transposing the bogus post used in the intro. NOWHERE in Hoover's similar write up is Atty Glenn mentioned. The bogus poster simply typed Atty Glenn's name in. He provides no link, because he doesn't have one. He transposed the Hoover's link and WRONGFULLY added Glenn's name.
Further, I found this regarding the issues surrounding BREK Energy. This person used this article for the rest of his post. It is a questionable piece on it own, seeming to serve MM's. However, NO MENTION OF ATTY GLENN is in the piece.
Here is the link: http://www.kycnews.com/KYC/Archives/2002/11_Nov/kycalert_4.htm
I'll save bandwith and not post the language. As you can see no mention of Atty Glenn exists.
I find no link involving Atty Glenn, and I doubt one can be provided. Even if he was working for BREK, it was in a time period when BREK was doing well. BREK's troubles in the article NEVER mention Atty Glenn.
On BREK's website, news is posted as far back as January 31, 2002, and Atty Glenn is not mentioned once. Also, First Tiger is their transfer agent, not NATCO. I see no mention of NATCO. http://www.brekenergy.com/news.htm
Tim, I trust this helps.
Be well, Bo