Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Billy to answer your question...
Think of it as direct deposit with the company you where you work.
All are employees, but some people have direct deposit of their paychecks, while some chose to receive the physical check from their boss.
Here, all CMKX shareholders of record are currently known via an automated system (as they are with all public companies).
A listed shareholder would also be marked with having the pre-paid card or not.
Those shareholders with the card would likley have the choice to receive any dividends via the card, or by normal means of CMKX mailing a check to them.
This is similar to the payroll example above.
Just one more thought. We have the Goldak TDEM survey showing over 100 anomalies. We have Atty Glenn actively involved. We have JV partners on board and growing with us. We have incredible promotion of our company through NHRA and ASA.
Now we have VISA who let's face it, had to approve their product being associated with CMKX! And we're still at .0004?
Wow!
Hope that sheds some light. Bo
My last thought on the pre-paid card..
For non-Shareholders:
It builds awareness to CMKX, and allows them choice of whether to activate the card or not. Regardless, it may well make some curious to read more about CMKX and become investors in the company. I would think passing these out at the races is one sure way to spread the word and goodwill. It is also a great way to grow and maintain a shareholder base.
For Shareholders:
You would have the same choice to receive and activate the card or not. However, if you are a shareholder and on record with an activated card, dividend distributions could come via the card, reducing expenses for the company.
I think that everyone would agree it's silly to pre-pay a visa card in cash to use it yourself. However, as a means to receive part or all of a cash dividend and/or give to others without heavy tax implications, that is benefit and a real possibility.
Be well, Bo
ns, I'll second your post.
CMKX is working on becoming a reporting company. To become a reporting company, they will be filing with the SEC.
I plan on waiting to read the SEC filing or any comments from CMKX or Atty Glenn regarding the O/S and naked shorting issues.
Bo
Why this pr is good by CDLIC....
Each point is simply excellent.
Bo
_________________________________________________________________
Hi All,
The latest CMKM PR regarding the Pre-paid Visa card (PPVC) is actually a good thing. Here are the possibilities:
(1) Anyone with a CMKM PPVC advertises CMKM every time one pays for something with it due to the, assumed, logo/picture on the face of the card
(2) Every time the PPVC is tendered to pay for something, CMKM will receive an override on the sale. This can amount to a nice sum annually for CMKM
(3) CMKM could issue one of these cards to every CMKX shareholder and load a cash dividend into the card (that is the dividend payment is held electronically on the issuing bank's computers as a credit to the cardholder) and then the cardholder can use the card at millions of locations where Visa is accepted
(4) If CMKM issues cards (as stated in #3 above), then the company will save a ton of money by NOT having to process tens of thousands of checks to shareholders, thus, saving labor, materials, stamps and time
(5) One can even go to an ATM and withdraw money from the card, thus, having access to the dividend money as cash.
So, this again, IMHO, is a smart move by Urban and Co.
Below I have copied the PR of today.
Ciao for now,
CDLIC
My take on the pr.
Friends, Mr. Casavant is just trying to build a base.
He has shown with the first of possibly many dividends he is willing to be creative in order to give back to the shareholders.
This is just another way.
Is it a big deal to us personally? Does it mention mergers? Did it state what our first cash dividend will be? Did it mention offers to buy a percentage of some of our most promising claims?
Of course the answer is no, so it's best to sit back and don't sweat it. : )
Results of the meeting that is currently taking place will be known soon enough, and I'm sure it will be positive for all of us. I look forward to the O/S and Atty Glenn's comments on the trading issues involving CMKX's stock. The results of the test drilling at the Oreo Pipe are something to look forward to very much. A cash dividend or other dividends are something we may also enjoy getting used to seeing.
The dividends announced to date and today's pr are ways that Urban is able to give back to shareholders as it stands today.
He likely offered this to us by way of connections he has made over the past few months. Nothing more. Nothing less.
If this gentleman is giving to us as operations are just commencing, how much more should we expect to see as things progress in our favor? He's trying to build a base and a family of people who believe in what he is doing.
I'm glad to be on board with him. Bo
elo, this link will answer your question:
http://www.greatcanadianrivers.com/rivers/north_saskatchwan/economy-home.html
As you can see, any oil and gas production is centered in Alberta, which produces 82% of Canada's oil and gas.
I simply don't believe it is ecomonmically feasible to test and produce oil from the FALC region.
What's interesting is on this same page, scroll down and look at the article on the lower right hand side. We know most of this, but interesting read nonetheless. : )
I haven't forgot about the Uranium-Kimberlite connection. Zen brought up the notion that certain key executives in uranium companies are also prominent, or connected to CMKX's diamond operations. I wanted to take it a step further to see if uranium can be found in kimberlite to see if such potential exists in our claims.
So far, I found one site pertaining to Debeers which I'll post once I exhaust my research.
I would think if other precious minerals, including but not limited to uranium, are found in ground samples or kimerlite samples, we'll surely find out.
In sum, I don't see any evidence where oil and gas are involved or feasible. Uranium and other precious minerals are possible, but diamonds are what make this engine run.
Be well, Bo
Dr.D thanks, and we're all in this together.
Each brings much to the table. Your efforts in keeping it constructive is outstanding. Unlike others, your posts try to see the possibilities in a realistic way. I to try to bring the same perspective and insight to what's happening as well as the possibilities.
I'm always one to put things to empirical and factual tests, and that is what I felt compelled to do with your post.
After I started researching your contentions, I found your figures not only to be right on the money, but conservative as you stated. I found that exciting to say the least.
If you follow my posts, I think there are more than enough positive avenues to this stock, that keeping it real makes sense. Keeping it real also will result in a more stable base over time and slow, solid pps growth. I thought your post was the most realistic post for thinking out of the box I have seen to date.
I know my further research was a long embelishment. The cliff notes for anyone interested are as follows:
Dr.D's post was an accurate projection and in fact conservative. BHP and Debeers/Kensington illustrate why there is likely more than .5 carat/tonne which Dr.D estimated, and kimberlite can indeed total in the multiple billions of tons throughout our claims, just as DrD. asserted.
Be well, and welcome aboard Dr.D.
I think you'll find the air clearer here, and don't worry, those that read your posts will find you here. I have no problem with anyone who wants to copy and paste my posts on other boards. From seeing yours on various boards, I see you don't mind either. So if you post them here, they're sure to get around. : ) Bo
TY again sqft. It is in bulk testing
that we will produce results similar to Shore Gold's Star Mine and Debeers/Kensington's 122 mines.
What we need to look for in these test boring are findings which will allow CMKX to state they plan to proceed to the bulk testing stage.
I have seen posts on other boards go way overboard stating we need to pull out 19 carat diamonds too on this drilling, etc.
No we don't, and more important, WE WON'T.
At this stage, all we need are encouraging results.
When we begin bulk testing, then heck yea, the more the better and the bigger the better. : )
One step at a time. Bo
CMKX: sqft thank you. If everyone looks close
we'll find very simple, straight forward language which in my opinion is VERY positive.
--- "We are starting to drill. Either started yesterday afternoon or this morning. We won't have results bing bang boom. Probably take a couple weeks before we have results.
Meeting is going ahead as scheduled either later today or tomorrow. I'm going but I don't know who will be there.
Results of meeting will be made public in PR." ---
_______________________________________________________________
So much noise the last 3 or 4 days huh?
Insults, crap and wrong speculation rule the day.
MM's are trying hard aren't they?
Every board is the same.
Except for here.
Here, people are bringing DD and real possibilities to the discussion, and I commend Mach for keeping it that way.
As for the quote above from Melvin's comments, isn't this exactly what we have been wanted to here? No wait, I'm wrong, isn't this better than our expectations!?!?
Of course it is. It was previously discussed the meeting would occur on Thursday and possibly meet through the weekend. It is NOW occurring! A PR WILL FOLLOW! DRILLING IS COMMENCING!
My point here is not to add insight to what I've offered and have read from others. I still truly hope they discuss the possiblities of share retirement in the way I mentioned a few days ago. If companies are to be JV partners sharing a percentage of profits, or if they are becoming subsidiaries of CMKX, then part of their responsibility should be to pool funds for immediate retirement of CMKX shares. If I was CMKX or representing them, that's what I would be asking for.
Beyond that, my eyes are wide open and waiting for the results with great excitment.
Prior to the latest pile of crap on the boards, the quote from Melvin would have sent a small shockwave because this meeting has been anticipated for quite a while.
At least for me, I am excited for many reasons, including the above.
Be well, Bo
Zen, excellent. Here's a thought for everyone.
For right now it truly seems our focus and business model is centered around diamond exploration.
However Zen, you connected the dots between important players in this region with regard to uranium, and how it links to CMKX.
From researching Cameco's website, it is clear this region is very rich in uranium. Sask is the leading production location in the world.
I note in their map, their uranium exploration and mining efforts are north of Fort a la Corne. Their site also explains the source of uranium such as granite and different ores.
I didn't see mention of kimberlite as being a source, however they show in their chart that low grade ores and high grade ores are the richest source of uranium.
I'll be in an out most of the day so not sure how much digging (pardon the pun..lol) I can do to find out if kimberlite is a source of uranium, and/or any other source is part of the composition of our claims.
We have a pantload of claims over a heck of a large area. Anything is possible. Zen's research link the key people involved. Let's see who can connect the dots to the sources of uranium and how it relates to our claims.
Tis very interesting. Bo
LOL BigDW. Want to know why this board is the best?
The maturity level.
No or very little created drama.
Knowing when to let events unfold, then hashing out posibilities and perspective after the facts are known.
And that's just among other things. It's a good group of people who I'd love to meet someday soon. : )
I could list ad nauseum of the made up drama, over the top posts, insults, wrong analysis and garbage on proboards35, Allstocks, and IHUB CMKX over the past 3 days but it's just not worth the time. I'm sure many who check in here see it too. It's only my opinion, but likely the work of MM's trying to stir the pot anyway they can prior to very good things that are about to occur.
We are beginning drilling in an area which shows great promise. This weeks meeting will involve all major players AND Atty Glenn!
I for one look forward to letting this play out and see the fruits of what they accomplish.
This will be a good week indeed, and one that will payoff for us in the very near future.
Take care of family, friends work and your house this week. All that is culiminating will take care of itself. : )
Be well, Bo
Confirming Dr. D's post:
Pefect Storms, Arks, Mt Saint Helens...etc, etc, etc.
Tons, carats, grams, calcualtions, figures...
From Sterling's no O/S post to now his mega O/S post. Zen and Dr.D have people going into withdrawls if a daily post isn't logged. Tales and bedtime stories seem to calm the masses, which I guess helps keep the base. Whatever floats your boat I guess..lol
However, the only way slow sustained longterm support is keeping it real during good times and bad. Early last week had many silenced and no where to be found after a certain pr was released. Putting in focus wasn't a problem for me during that time.
Keeping it constructive to the issues at hand, with fresh DD on the market and the industry, along with perspective from 20+ years in business, law and investing is what I try to bring in order to "keep our feet on the ground while reaching for the stars".
I'm sure as many doubted the figures in Dr.D's recent post, as accepted his premise blindly. Those who doubted his figures
questioned the 2 most fundemental point of his post:
1) 0.5 carat/ton of kimberlite.
2) 1/2 mile diameter pipe will contain 1 billion tons of
kimberlite.
Here's why his post is both accurate and conservative in his projections.
In looking at the history of BHP, who were the pioneers in Canadian Diamond Exploration, we find this (I'll post the link, then an excerpt from the text):
Link:
http://ekati.bhpbilliton.com/news/28051998.asp
Excerpt from the text:
"Pipe Kimberlite Metres Drilled Est. Dry Tonnes Kimberlite Sampled Total Carats Recovered >1mm Sample Grade Carats/Tonne
Koala North 1075 201.7 126.58 0.63
Beartooth 1020 189.3 227.09 1.20
Commercial valuation of these samples was made in Antwerp in May. The average sample value of Koala North was $200 US per carat. Approximately 77 per cent of the value is due to three gem quality stones ranging in size from 3.26 to 5.41 carats. The average sample value for the Beartooth pipe was $79 US per carat. These figures are 10 per cent less than the average prices reported by dealers and valuers, which has been the joint venture's customary reporting practice when values are based on dealer sales prices.
Both of these pipes are relatively small, however, they are close to the mining area currently under development. The Koala North pipe is located within Koala Lake and has a surface area of approximately 0.6 hectares. The Beartooth kimberlite is situated 900 metres north of the Panda pipe and has a surface area of approximately 1.0 hectare. Reserve modeling is in progress on both pipes."
_________________________________________________________________
I apologize I couldn't copy the graph as it is illustrated in their site, but the key numbers I want you to focus on are easily seen.
Look at the Carats/Tonne figures for both sites: .63/tonne and 1.20/tonne. Why are these figures important?
1) Note what BHP states about these sites. They state both of
these pipes are "reletively small". Thus...
2) Dr. D's .5 carats/tonne is not only an accurate figure to
base his valuation model, it is indeed a conservative number!
Need further proof on the 1 billion tonnes of kimberlite?
Let's roll the clock ahead to what is happening in the area. Here is a quote from Shore Gold's site regarding the Star Diamond Project:
"The geophysical signature and early stage drilling have indicated a kimberlite body in the 500 million tonne range. Shore is currently undertaking a 25,000 tonne bulk sample to better determine carat values." http://www.shoregold.com/sdp.html
_________________________________________________________________
500 million tons in the Star Project alone. And how many claims and acres do we own or control? : )
Currently Shore is using a 14.5 meter diameter exploration shaft in their BULK MINING efforts. We are now drilling VERY close to the Star Project.
Let's now look at our other neighbor, Debeers/Kensington #122:
http://www.kensington-resources.com/s/Property.asp
* They estimate 9 billion tons of Kimberlite in their claims.
* Diamond recovery from Kimberlite 122 also was very positive
with stone abundances for the north and south part of the body
ranging from 2 to 7 times higher than historical results. A
total of 327 stones were recovered from 412.65 kg of
kimberlite including 6 macrodiamonds greater than 0.5 mm.
_________________________________________________________________
So, if there is 9 billion tons of kimberlite over the small acreage they own or control, I think it is safe to say we have at least that tonnage in over 100 anomalies and almost 2 million acres of claims!
Finally, note in BHP's information, Shore Gold's information, and
Debeer's/Kensington's information...ALL INVOLVE BULK SAMPLES!
Our test drilling will tell us if we can proceed to BULK SAMPLE STAGE. We are all 100% sure our future is very bright. But to believe we are going to pull out diamonds the size of river rocks during a small bore test drilling, is setting us up for what occured at Carolyn. However, what is exciting is the location of our new site in relation to Debeers and Shore Gold, and it is the first of many sites being explored from the guidance of the Goldak survey. This survey my friends is the key to our valuation at this point as much as our current drilling efforts. Both the survey and our finds offer many opportunties for CMKX to quickly become a major player in this area.
So in this case, read Dr.D's post knowing the base figures in his analysis are indeed conservative. :) Be well, Bo
I'll be out more than this weekend all, so
feel free to copy and repost what I last wrote.
It's not about credit or a following like some on the boards have. I love helping people, and if my posts help others, that makes it worthwhile for me. :)
I just think it's an on-point idea that maybe gain enough attention to get discussed as a possibility at this week's meeting. I don't want credit for it, I would just like to see it as an option discussed at the table.
Have a good one all. Bo
CMKX: Thoughts for the weekend..
Mach, from the races 2 weeks ago, your report has been the most insightful and accurate as we see what is playing out in the market and with the company.
Value is the key my friends. I've mentioned that for quite a while.
I believe more than ever, the worst case scenerio for the O/S is already factored into the price. I see no one else even considering this notion, but after this week and last, I'm convinced now even more. I've posted that for some time, so remember like many things...you heard it here first. : )
I see nothing but positive from this week's meeting. Although other companies at the table will be benefit in the days ahead, more important is this coming week will result in a stronger CMKX. That's what this is about.
Resources, equipment, operations, drilling schedules, manpower, etc. will encompass some of the issues on the operational end.
As for corporate deals, mergers, aquisition and dividends, we have the right counsel at the helm.
And we're still at .0004? unreal
My only thought out of the box for this week's meeting is written in case any of those involved scan the boards. I'm not to presume my idea is the answer but, if it's feasible, it could be as beneficial as any idea discussed.
CMKX, through years of work and aquisition have aquired a hell of a lot of claims, covering a huge number of acres. With advanced surveys now showing great promise, CMKX holds the best hand at the table for future exploration, likelyhood of successful mining, and value. The other 3 or 4 companies can help out and OBVIOUSLY wish to be part of CMKX's future.
I say whether they become subsidiaries of CMKX (where they will be able to still trade under their own ticker symbol), or JV partners who are share a percentage of profits, CMKX could respectfully request the following terms from these companies:
~ As part of being bought by CMKX as a subsidiary, or simply sharing a percentage of the profits as a JV partner, part of their initial responsibiilty as a subsidiary or partner is to provide funding for immediate CMKX share retirement. ~
Notice I say "part" of their responsibility for coming onboard. Of course drilling, equipment, testing will all be very important and something they will contribute to also.
But being blunt, the bottom line is we all win with a rising pps, especially CMKX. And it needs to happen. They know this.
If the O/S is 50 Bil or 500 Bil, the market seems to have reflected the worst already. If part of their plan incorporates my idea, they would be assured of additional funding, manpower and synergy for their operations, and at the same time help the major player, CMKX, retire a large number of shares immediately for the good of all.
Be well, Bo
SSWH: Blue and Mach, excellent and
thank you. I know in January I'll be heading to the North American Auto Show in Detroit. The aftermarket area they have is huge and seems that SSWH would be well received in Hockeytown. They wear their sport teams proudly in Detroit.
Mach, I can imagine the exposure from the left coast as well as worldwide from the SEMA show.
Unlike so many others, this company's success is in direct relation to simply gaining one or more contracts to get the ball rolling. The idea is so good, the rest should take care of itself. I have been so glad (more than you know) to see they have been concentrating on the manufacturing and on-line ordering end of their logistical process.
Have a good weekend all. : ) Bo
SSWH: Mach correct me if I'm wrong...
Wouldn't it make sense for contracts with sports leagues & teams be in place prior to attending the SEMA show?
The pps is a steal at these levels if this is in the works. Bo
sqft, excellent post! Here's why:
I could take the time to dissect this garbage sentence by sentence in a multi-page post, but it's not necessary. I have faith enough in CMKX investors to see through this accurately.
Here's my advice to all:
1) Read each point.
2) For EVERY point first ask, what is this person's motive?
3) For each point, the person is either:
* Lying
* Wrong
* Making an assupmtion
* Not telling the complete truth
* Ignoring what is occurring with the company.
You can determine which one it is.
For each point, you may find more than one applies.
Further, do you find the mention of 2 people with a checkered or criminal past as amusing as I do?
Her posts and Mr. Berstein's missives are some of the lamest I have ever seen. Neither makes a valid point. Their influence on longs of CMKX is nil. If this person's post, and the mention of these 2 people are the best the MM's can do, then I have a suggestion. They need to stop, go to NBC and make an appearance on Last Comic Standing. We can only hope their act will be shown the same night as Dateline's expose'.
Be well, Bo
Great find onyx!
CMKX: Mach, indeed it is very good news.
Not seeing the geophysical map where Shore Gold's Star Mine was, and Debeer's #122, I didn't realize they were so close to each other. It seems we just moved into the neighborhood. : )
Apparently 4 other companies see potential in this area also. This is the first glimpse of the targets identified by the Goldak Survey. Success here adds tremedous value not only because of the find, but the increase value of the HUNDREDS of anomalies on our claims.
Remember, initial small bore test drilling isn't going result in the pr's we are seeing from Shore Gold. It will reveal to us the great LIKELYHOOD of such a find. The next step would be bulk drilling if the potential is there. We can only recover such diamonds as Shore and Debeers with BULK DRILLING efforts. I say this so we can all have our expectations in line with what is occurring. :)
Be well, Bo
RDG, I'm sure time will tell
and not sweating it here. My opinion, they based it on the A/S, which is the only number they knew.
Come time of the official Las Vegas party October 29-31, we will be the the best frame of mind to discuss anything we want. :) Bo
Is it me?
Took a bit of time to look at what has been written about the 483 billion share figure. It seemed to be a hot topic that like others, has been beaten like strip steak. Some cases of hyperventilation have been reported. : )
Let's look at the link and what it contains:
http://www.otcbb.com/asp/dividend.asp?sym_id=CMKX&dDate=08/20/2004&sDateType=Record_date ne
CMKX - CMKM Diamonds, Inc. Common Stock
Declaration Date:
-- Ex Date:
-- Record Date:
08/20/2004 Payment Date:
09/24/2004
Dividend Type:
Stock Div. payable in another company Dividend Amount:
+stk
Notes:
+.0000155 of a restricted share of US Canadian Minerals Inc (OTCBB: UCAD) for each share held. Will not be quoted Ex.
_________________________________________________________________
Now let's look at what we know.
The Authorized Shares (A/S) is 500 billion.
If I'm not mistaken, reported retirement of shares totals ~16 to 17 billion. Someone please correct me if I'm wrong. I'm going from memory at this point in the evening
500b - 17b = 483 billion Authorized Shares.
Look at the "+".
OTCBB posted the dividend dates basing the ratio on A/S they believe to be correct. The "+" tells me .0000155 is the MINIMUM shares we will receive. The "+" tells me it is a number in excess of this MINIMUM amount, as their basis is the Authorized Shares.
Let's wait for a PR about the O/S and naked shorting. Let's wait for comments from Atty Glenn and Urban about this issue.
I simply think some might be reading more into what is actually there, or is it just me? : )
Recall the Joel/400bil rumor. I heard Melvin when he went on IBC back then. He was very upset and adament that the O/S was not 400 billion. It was said in such a way that left anyone who listened with the impression that the O/S is less than that amount.
Finally, check my Monday's post of the dividend spreadsheet developed by Canuk. It's information about what to expect from the UCAD and GEMM dividends.
Feel free to agree or disagree
Nite all, Bo
donilo, excellent question and
I think posts over all the boards have gone up from a simmering state because of it. The meeting and what comes of it is key to what we will see this month.
The one board has many stating they already know CMKX's O/S based on the percentage of the UCAD being alleged. They are pronouncing a figure of 483 billion shares.
It has not come from a pr from CMKX.
It has not come from any quote or release from Mr. Casavant.
It has not come from any comment or statement from Atty Glenn.
It is my contention that the current market price has already reflected the worse case scenerio in for the O/S.
Last week, CMKX leveraged their position for increased value, and the market responded by closing higher the next day.
Remember, if the current price and trades are victims of naked shorting, such an announcement, with a better than expected O/S should cause increased buying at these low levels, moving the price to higher levels.
Also, there are so many other things that can result from the meeting and month ahead, it's best to let it unfold rather than get caught up in the rumor of the day. Like you, I'm very curious as to the who, what, when and where's of the meeting. I'm sure we'll be told all we need to know soon enough. : )
If UC's comments at the races, along with Melvin's comments of bigger and bigger things and Roger Glenn's involvment mean anything, then it will pay to stay the course with them through this. The large number of claims we have along with the Goldak's survey opened so many possibilities. We have the right team in place to move us foward. Bo
Ok, ok ski, if you wanted me to buy
you drinks all night when we get to Vegas, all you had to do was ask. : )
Thank you for your kind words.
Mach, I couldn't have put it better regarding JS. Her presence is either the most obvious example I have seen of a paid effort against CMKX, or the ramblings of someone who truly needs help to bring other enrichment in her life.
With that said, even more accurate is your take on her ineffectiveness. I find them tame at best. I engaged her only for a bit the other night when I was responding to zen. She skirted the truth and details of something unrelated to CMKX. It was right up my alley, so I responded so others would understand the truth and quietly left, and not a bite mark on me..lol Bo
Money for a cash dividend.
These 2 posts (the second one responding to the first) are interesting to say the least. Their basis is sound, and offer a scenerio that is very possible:
xtremeriches
Diamond Hunter
member is online
Gender:
Posts: 30
How about a cash dividend
« Thread started on: Today at 09:48am »
--------------------------------------------------------------------------------
Where would UC get the money for a cash dividend? Lets say he bought up naked short shares at .0001 and he's been selling them back to the MM's at these higher prices. UC takes the profit and gives us all a cash dividend payed for by the MM's.
Pretty crafty fellow that UC.
IMO
Logged
--------------------------------------------------------------------------------
marketmattaway
Dr. Of Diamonds
member is online
Gender:
Posts: 165
Re: How about a cash dividend
« Reply #1 on: Today at 09:59am »
--------------------------------------------------------------------------------
All he really needs to do is purchase an excessive amount of naked shorts and issue a dividend right on the spot, while holding his own set. This would force the Market makers to cover at whatever price he chooses.
Someone please prove me wrong here so I don't go on thinking why he hasn't done this already -
CMKX: shiztx, the dividends are indeed very
exciting news. In this case, Urban's words and actions in appreciation of CMKX shareholders is abundantly clear. I wouldn't be surprised if a cash per share dividend is in the mix someday as well.
Dividends are telling of the companies value and potential. They are normally reflective of a smaller percentage of a company's true worth. So your point about share price is timely given what has happened the last 2 weeks and what is about to occur.
I posted on the IHUB CMKX board a couple nights ago in response to a PM zen32 sent me. At the end of my post, I offered something which is right on point with your confusion as to why the share price hasn't moved. Trust me, as each day passes with no movement in share price despite 97%-98% buys at the ask, the light becomes increasingly glaring on that very issue. So count me in as being confused also.
Obviously, if naked shorting is involved, such practices will be revealed shortly. I would trust fair trading would greatly boost the share price.
Further, if it is found naked shorting is not involved, then can the current trading tactics of the MM's be in question. Again, the buys are at the ask. Take yesterday for example. Although I don't have the numbers, my guess is 90%-98% of the transactions went through at .0004. Normal market reaction would be to move the ask to higher levels as laws of demand would dictate. As we have seen, now too obvious, MM's freeze the price in light of high demand at the ask.
If such strongarm tactics by the MM's are invloved (lowering the bid and ask, and denying buys at higher levels), then such activity may also be a target for illegal offenses.
Finally, if it is the case that Urban is retiring shares through use of his own money or using venture capital, then pps should progress nicely in due time.
All three of the above factors could affect why we are seeing a frozen pps. If Atty Glenn comments on any naked shorting or illegal trading practices, then expect the best. If further announcements of dividends or positive news continue, then expect the best.
Be well, Bo
CMKX: Excellent Dividend Spreadsheet...
http://www.bigskysoftware.net/CMKX/OS.htm
Credit goes to Canuk on the CMKX Proboard. Bo
Zen, thanks and I agree. The naked shorting issue
is NOT why I invested in this company. I think a great majority can say the same thing.
Being involved in civil and criminal lawsuits for 17 years, each case has such minutia of issues. You would not only have to read the pleadings and decision of the court FULLY, but speak to the lawyers involved to get the full and complete truth. Posts on a message board by "whoever" carry no weight.
I trust Atty Glenn will make the correct disposition on the naked shorting issue on CMKX. If it is so, I'm sure he will work to resolve it accordingly. If it is not so, we will be advised as well. : )
Off to bed...long day tomorrow. Didn't think I'd be buring the midnight oil...lol Be well all. Bo
Janice, do you have the docket numbers for the cases?
Also, the jurisdiction where each case you mention was filed?
Complaints are normally amended for TECHNICAL reasons rather than substantive.
One could read through each case to review the pleadings and decision. From your post, it states little about the content of each case or the reasoning behind the outcome of what you are referring to in your post.
I would like to read each myself. Such a large number of plaintiffs to manage would lead to technical decisions to be made to consolidate the lawsuit. Also again, an amended complaint is usually filed for this or other technical reasons. A judge or defense counsel isn't going to ask a plaintiff attorney to file an amended complaint so he has a chance to prove his case better..lol. Plaintiff counsel must prove his or her case from their own volution and evidence.
Yes, it's only my guess, but I would contend it is a tenchnical issue that the complaint is being amended. Such a stage (at amending a commplaint) is only the beginning stage of pleadings.
If illegal activity is occurring, it needs to be punished and stopped. If none is occurring, then so be it as well.
John O'Quinn has an excellent case to
present, and not sure at what stage the pleadings are at on his case.
Some believe continuances could be his stradegy, trying to hold the case in abeyance in light of a Dateline expose'. Timing of his oral or written arguments would be key in light of such a story.
It terms Attorney Glenn, his ciriculum vitae is impressive, especially what he penned last year. His firm has global presence and unlike Atty O'Quinn, is focused on a single client, CMKX.
Such illegal trading pracices on CMKX's stock would capture the issue by the throat in light of O'Quinn's action. Current shareholders of CMKX would see an immediate positive effect in share price.
Sorry for a couple typos...lol..It's late all. : )
Zen, you had PM'ed me about 3 weeks ago.
Not being a premium member here, I have never checked my mailbox until 5 minutes ago. lol
I'm sorry I didn't see it and respond sooner.
You covered many on-point topics in this, and we have some of the same world experience to bring to the boards.
The one point you mentioned in your pm to me was the topic of resolution. Correct me if I'm wrong, but resolution to me relates to what path will the company take and what answers are ahead for issues unique to CMKX.
As for the unique issues, at the forefront is the naked shorting issue. There are so many angles this topic can be discussed. In my points I'll try to surmise or illustrate how this will affect pps.
I would contend the O/S and naked shorting issue would be addressed if not in the same pr, then within a very short time frame of each other.
If you've followed my posts, I don't like to step to far beyond what is real. Valuation, O/S, market sentiment and company potential, drive any companies stock price.
With that being said, I believe that the CURRENT market ALREADY factors in the worst case scenerio for the O/S. The early part of last week was an example of leveraging our position to increase the value of our company, and the market LIKED the news.
If Atty Glenn advises CMKX has been victimized by naked shorting, that in itself will be explosive news. This should have a direct fundemental effect, and market sentiment effect on the pps upward. It would be a prima facia case against the MM's, which leads to points you brought up. I only believe those MM's involved in such illegal action would be suspended from trading. I would think the SEC would permit trading of CMKX with MM's who are not part of any inquiry, or not named as a defendant or co-defendant in a criminal or civil case.
The significance of this issue is the precedent it will set. If illegal naked shorting is involved, never will there be better eveidence than the trading history of CMKX. Further, never has there been an attorney and supporting law firm with the stature of Atty Glenn and E & A to serve as lead counsel against the MM's to my knowledge. Whether the matter be settled with the MM's out of court, or be fully prosecuted in federal civil and criminal court, the bottom line to shareholders (us), is that the stock will be traded legally and more freely. Such will bring additional interest to the stock (if that's possible..lol) and should reflect in nice gains for us.
As for mergers, buyouts, etc., it seems the last 2 weeks provides transparant answers to much of it. We're working to become a stronger company under the direction of CMKX, and specifically Urban's own direction, with the help of Atty Glenn. When I say "stronger company", that's where my speculation will stop. It can go 2 ways.
1) First is by the JV partnerships we have established for ourselves. Further, we own significant percentages of seasoned and sucessful mining companies, and similar minority buyouts may be what to expect. Also, sales of some of our claims add direct value to our company. Let's not forget the Goldak survey and our own mining exploration. ALL of the above add VALUE to our steak and a direct impact on pps.
2) The second way would be for a merger of 2 or more companies known or unknown at this time. It would be a stetch to assume under what name the new company would be traded. I am stuck on the point that the majority of the claims, value, direction, planning and representation has been by CMKX. So, it's just my opinion, but I see CMKX in tact, but now incorporating other companies as subsidiaries (they keep their own name and seperate trading symbol), or all companies under the CMKX symbol.
As for the result being #1 or #2, I haven't a clue. Either scenerio is a stronger CMKX, and builds value for our future.
Let's not forget about a cash divdend. CIM, UCAD (8-20) are 2 to reward shareholders, and provide even less of an excuse for MM's to hold the price down. But, a per share cash divdend is something that can be declared at any time. : ) It attracts new investors and encourages current investors to hold. It is proof to the market of the purpose and value behind the company. Something to look out for most definitely.
The recent end of the day trading numbers has to leave you scratching your head. If so many buys are going through on the ask, then why isn't the ask raised. On days where there are 1-2% at .0003, 97-98% at .0004 and 1-2% at .0005, this tells anyone who fell off a turnip truck, that people really wanted to buy at .0004 so much, that a raise to .0005 and .0006 would be NORMAL market reaction in reponse to these buys. If Urban is retirning shares, then I understand. If he isn't, then what we are seeing seriously needs to be addressed, and I'm sure the O/S, NSS discussion by Attorney Glenn will help us all as I mentioned above.
As some or most know, I post on Mach's board and intend to still do so, but Zen, I wanted to respond to you in this way since this is the first I saw your PM to me earlier this month. Be well, Bo
ski...thank you for your kind words.
I'm humbled.
Everyone brings their own exerience, humor and insight to the plate, it makes for a good blend across the boards.
I hope we can buy each other a drink ski, and meet everyone else at the first of many CMKX family gatherings. : )
Some like to theorize. And honest, that's cool. Sometimes, the sharing in a brainstorming fashion can lead to new insight and possibilities.
I read them, but for me, I compare it to a NHRA 1/4 mile. With so much concrete facts before us, theorizing too much can loosen the grip we have on the track. You can spin your wheels and light em up and it sounds loud as hell. But it doesn't get you to paydirt.
This week is going to speak volumes on it's own. But please don't withhold posts or speculation based on facts just because I want to see how this week plays out. Any thought is valid. It can be concurred, refuted or discussed so we all learn more.
In 20+ the market and in business, I still learn every day.
I read that the meetings might actually take place next week because of Urban's situation, so we'll see. Whether it's this week or next, I'm watching for O/S, Atty Glenn's comments on the naked short issue, and valuation estimates on CMKX (i.e. mergers, aquisitions, cash dividend, geologist comments, etc).
Here's to a good week for all. Bo
Let's keep Urban and his family in our
prayers and thoughts, not ony today but everyday.
It's the love of our families, friends and our health that mean the most. Mach's blessing of a new grandchild speaks volumes.
I see well wishes to Urban being offered from his extended CMKX family on many boards. It's a good group of people. I'm sure the prayers will give him strength. Bo
CMKX: mex and ski, glad it brought
a smile. And ski, instead of Janice performing solo, let's have a duet.
We'll make her sing it with the president of JEFF. : )
I know on my end, I'm going to hold my thoughts to a minimum until after this week's meeting. However, if find some good dd or links, I'll will definitely be posting them.
The meeting I'm sure will bring about a lot. Roger indicated he will be going to Saskatchawan in August. I am curious if he is to be at this week's meeting, or if it will be after the fact.
Has anyone heard anything from the races when Roger is going to Sask?
Exciting times ahead. I hope everyone's weekend is a good. Bo
CMKX: You gotta luv it...
By: breakout-bull
30 Jul 2004, 07:07 PM EDT
Msg. 55637 of 55640
Jump to msg. #
“The Ballad of Urban Casavant”
(To tune of “Ballad of Jed Clampett”)
Let me tell you a story about Urban Casavant
He finds hidden wealth that even NASA can’t.
He went out one day to Fort a la Corne;
Bought most the rights DeBeers doesn’t own.
Mineral rights, that is.
Diamonds, gold, uranium, zinc…
Urban tells Roger that he bought back all his shares,
But Urban said there seemed to be billions more out there.
Roger told Urban we can bring them to their knees…
You give share dividends and we’ll put on the squeeze.
To naked shorts, that is.
Really painful… August 20….
Well, the shareholders said, “We’re all millionaires!
There’s extra for our in-laws; even more for our heirs.”
Nakeds are exposed on the lam from the SEC,
And the longs are buying estates down in Beverly.
Hills that is.
Swimming pools… movie stars…
Turn your computer off.
Bashers, don’t come back now, ya hear!
(breakout-bull)
CMKX: My thoughts on today's news
Sensational!
CMKX's potential is just BEGINNING to unfold before our eyes. And as it does, it is leaving much of the guesswork, theories and speculation in the dust. Building synergies to create value is what we are seeing, which is very exciting!
I cannot and will not add insight or speculation to today's news, because it needs none.
We own 25% of Juina!
My friends, we own 25% of this:
_________________________________________________________________
Juina Mining Corporation (GEMM), a Nevada corporation, has a 49% interest in a joint venture partnership with Emerging Africa Gold, Inc. (EAG) in the Brazilian Company Juina Mining Mineracao, Ltda. JMML holds an 86% working interest in the mining and mineral rights to approximately 1000 hectares (2,471 acres) of diamond bearing land in the District of Juina, Mato Grosso, Brazil "The Property 1000". Property 1000 is located in the District of Juina, at the southern region of the Amazon Basin.
Juina is located approximately 550 km (342 miles) north of the city of Cuiaba by air charter or 724 km (450 miles) by road. With a population of about one million, Cuiaba is a major urban center in southern Mato Grosso, and is serviced with regular flights from Sao Paulo and Brasilia. Rio de Janeiro is about 1800 km (1,119 miles) southeast of Juina. The Property is located within the Aripuana - Juina Kimberlite Province, the largest diamond producing area in Brazil.
Kimberlites are the principal source of primary diamond deposits, and an occurrence of Kimberlite is shown on government geology maps to be in the vicinity of the boundary of Property 1000. Substantial alluvial diamond deposits have been identified by De Beers and others in the Juina region.
Several active diamond recovery facilities are operating in the area, mainly placer and river dredging operations. The operations range in size and scope from small groups engaged in recreational type mining to large mining companies with fullscale operations.
Diamonds in the Juina district fall into two categories; 1) Industrial to near gem quality diamonds ranging from US $20 per carat to US $200 per carat; 2) Larger gems, top white and fancy colored diamonds ranging from US $300 to thousands of dollars per carat.
De Beers initially organized exploration in the Juina area in 1978 through their Brazilian company, Mineracao Itapena S.A. ("Itapena") which held most, if not all, of the Juina District mining rights. By 1982, Itapena identified three main areas of interest, reduced their vast landholdings, and began detailed evaluations of these areas. The Property 1000 was one of the three claims targeted by De Beers.
By 1984, Itapena had partially covered one of their nearby targeted properties with detailed gravel mapping, trenching and bulk sampling. Initial limited sampling by Itapena, indicated a "measured reserve" of approximately one million carats of alluvial diamonds on this property.
Itapena also calculated an additional 3/4 of a million carats of diamonds as "indicated and inferred reserves." Limited sampling in 1996 in their nearby property not intensely explored or sampled by Itapena indicated virgin gravel and a much higher grade of terrace gravel not included in their original "inferred reserves" calculations. These areas of virgin gravel will increase substantially the inferred reserves. The recovery techniques used by Itapena produced inefficiencies of between 30-40% over techniques to be used by Juina Mining.
Numerous large and valuable diamonds have been recovered from either the Property 912 or from the immediate vicinity during the last 10 years and include: diamonds as large as 452 carats, recovered in 1994; 312 and 280 carats, recovered in 1996 and 1987 respectively: and another stone of 252 carats recovered in 1992.
Since 1997 Juina Mining Corporation has been involved in an on-going exploration of the "Property 1000". An auger drilling program conducted in 1998 through 1999 outlined a potential gravel resource of 1,000,000 cubic meters which representing only 20% of the "Property 1000". Simultaneously a geomagnetic survey was conducted identifying four anomalies with kimberlite like type profiles. In 1999 Juina Mining Corporation constructed a gravitational processing pilot plant incorporating the use of magnetic separators and laser sortex recovery equipment. 3,000 carats of diamonds were recovered during the initial testing stages of the pilot plant. In 2000 management made the decision to enter into a joint venture partnership to further develop the "Property 1000." In October of 2000, Juina Mining executed a Joint Venture Agreement with Emerging African Gold.
_________________________________________________________________
We own 25% of Juina, which means:
* We own 25% of the "Property 1000" venture!!!!
* "3,000 carats of diamonds were recovered during the INITIAL
TESTING STAGES OF THE PILOT PROGRAM"
* The Property 1000 was one of the three claims targeted by
De Beers.
* We (CMKX) has an option to purchase and additional 24%
of Juina for the same purchase price ($500,000) within the
next year!
I could say so much more at this point. This simply speaks for itself, and it is ONLY ONE PHASE of what now makes up CMKX!. I contend, like every other phase of CMKX, this is IMPRESSIVE and adds value to our company in a major way. Be well, Bo
Mach, be blessed and congratulations. Your family will be in my thoughts and prayers. :)
CMKX: Confirmation from GEMM's pr
July 29, 2004 02:37 PM US Eastern Timezone
Juina Mining Corp. Receives $500,000 USD Funding
LAS VEGAS--(BUSINESS WIRE)--July 29, 2004--Juina Mining Corp. (Pink Sheets: GEMM) announced today that it has received financing in the amount of $500,000 USD through the sale of common stock to CMKM Diamonds Inc. (Pink Sheets: CMKX). This sale gives CMKX ownership of approximately 25% of GEMM.
In addition, GEMM has issued an option to CMKX to purchase shares equivalent to an additional 24% of the outstanding shares in GEMM for an additional $500,000 USD. GEMM is currently a subsidiary of U.S. Canadian Minerals Inc. (OTCBB: UCAD).
Further details relative to this project will be forthcoming in future press releases and at http://www.juinamining.com/, http://www.uscanadian.com/.
When you open the link, maximize the screen so
the full grid can be seen. Bo
Should be working now. Sorry about that chuck. : )