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I don't know if I'll get back in at .0007, still waiting. That is just awesome that we are holding up two days after a 100% run up.
HEY!!!! Was able to sell 762,000 shares (partial fill)at .0009. Gonna try to rebuy at .0007, that extra 210,000 shares will be worth it when we hit .10 per share.
You know, with the market being closed this Friday, it would be a very interesting time for UC/CMKX to release PR, say on Thursday at 1:15pm eastern time. Could you imagine the lather that CMKX would be in by the next Monday morning? Hmmm, just might happen.
Disclaimer: Probably a stupid post here.
I am going to give a stab in the dark guess on the o/s of CMKX. I believe that the AUTHORIZED shares are 500Billion, I do not believe that that is the current float or released shares. Here's what I base my theory on; We traded about 19 billion shares yesterday, the stock went up 100%. Now, some of that 19 billion volume was surely sales, so to go up 100%, I would guess that at least 75% of trades were buys. So if 15 billion shares (a guess) were buys, and the price went up 100%, one might guess our float (retail) to be ~15 billion, if UC owns the reported 85% of outstanding shares, then if we traded 15 billion on the buy, and UC has 85%, then I would (worse case scenario) guess that UC owns approx. 85 billion shares. If this is true, then the outstanding shares would be approx 100 billion, or a current market cap of $80 million (at $.0008).
Janice or someone asked, why request more A/S (up to 500 billion), well, MM's would believe bankruptcy, but I think that UC, knowing the actual outstanding share count, noticed that there was a significant amount of trading volume, and he was holding 85% of released shares, I would guess that he requested more shares (BUT DID NOT RELEASE THEM) to bait the greedy MM's that were/are naked shorting shares.
All just theory, I am trying to get a worse case scenario in my mind, so that I know an exit point that I believe is based on some possible valuations, once PR's are released reagarding diamond finds. Here's my theory for exit, if the share structure is not announced.
If we have lots of diamonds.....I would guess CMKX mineral claims to be worth $10 billion MINIMUM (VERY LOW conservative guessing). If the current market cap is approx. $80 million, then I am looking (and waiting) for $.10 per share ($10 Bil divided by $80 mil = 125 X .0008 = $.10 per share @ 100 Bil shares). Now, I will adjust my figures QUICKLY upon an actual release of outstanding shares by CMKX.
BOTTOM LINE: If this company has diamonds, naked shorting or not, we're going to $.10 IMHO. How much $$$ do you have to invest on a 125 to 1 return investment?
Happy trading to all.
Holding today after yesterday's 100% run-up is HUGE!!!!
This stock is scoffing at the daytraders that usually swing stocks erractically. People are holding, realizing that the chance of missing a re-entry at a lower price is more likely than not.
I have reserved myself with this stock to rags or riches. I am using 401k funds and swinging for the fence. I only have 21 million shares, but my conscience keeps telling me that we will see this stock IN THE PENNIES SOON.
I am very excited, as we all should be, that this WILL PLAY OUT BY SUMMER'S END! To me, it's worth the gamble, considering that we work our whole life to retire with a million or two in our IRA/401k's, well what we have here is the chance to retire many years early and become more productive in society because you are doing what you love, not what you're required to do out of necessity.
BOTTOM LINE...Live a little, stick it to the man (MM's), and dare to dream big. Keep this thought in the back of your mind, ONLY RETAIL BUYING has moved us up 800% in a week, where do you think REAL MONEY will take the share price?
May God's will prevail.
AS it was stated earlier, Bullish sign w/no drawback.
We went up 100% yesterday and held that gain today, that is a huge sign of long(er)term investors rather than just daytraders.
I do not plan on selling this stock until after the o/s, and core results return, and even then, I will probably hold some portion of my holding.
filled 9 mil shares @ .0007 in 5 minutes.
I think that CMKX will continue upward until...
a day or 2 after the actual results of the core samples. If CMKX is sitting on the world's largest diamond find, then we will probably run for a few days, or a week after the 'PR', the general consensus in the market during this day and age,
being to cut and run. If/when we move up into the pennies, many early investor's will hit their first (or second) million $$$, sell, and search for next investment, one most likely with lower risk than CMKX.
I'd like to think that I'd leave my money on the table, but I think retiring at 38 would draw me more towards selling and getting out of the pig I work at.
Having a hard time filling 5 mil @ .0007
This could be alot bigger than we ever imagined, I would have been happy to close Friday at the current price. We will be day traded alot from here on out, I would bet.
Congrats to all that bought and held early on.
I'm hopeful that my take on this is right.....
I have the feeling that the reason for the legal counsel, is to address the naked short issue up front and legally, there is a great possibility that if UC wants to take CMKX private, that he and legal counsel could negotiate a settlement regarding the naked short issue, therefore an offer could be made to take the company private before word of mouth and short covering drives the pps through the roof, likely at a price that UC couldn't afford.
The above-mentioned would allow MM's to exit the scene healthily spanked yet without fighting in the dirt (which if they're in deep enough, dirt will happen).
Other reasons could be, of course, to move CMKX to another exchange, or just to force naked short covering, so that UC knows what $$$ he has to work with.
Nope, filled my .0005 at .0004.
Have a nice weekend all.
This has moved so fast in one week....
CMKX is going to draw serious attention as the diamond story starts to unfold. You can almost feel this one.
they filled a 3 mil @ .0004, waiting for 9 mil more at .0004 and then my 1 mil at .0005
I'll mess with them, gonna buy 1,000,000 @ .0005
I didn't see that PR, this could be HUGE!!!! It appears to me that CMKX is positioning itself for a huge short squeeze and have the legal team onstaff to, shall we say, negotiate a reasonable settlement with MM's on their short position BEFORE a possible BUYOUT!!!! Also could be moving to another board, otc, amex or naz.
Someone give me the general summation of the last 2 pr's and ramifications thereof. In other words WHAT UP????
I was able to buy 9 mil more at $.0003 in about 2 minutes with Fidelity, my second buy for my last 3 mil hasn't gone through yet.
Out of town for my son's graduation, what was the general feeling about yesterday's pr? IT seems to me that CMKX is making it clear that there are diamonds to tunnel vision on.
I WANT NEWS!!!!!! You know, if UC noticed the crazy volume yesterday, it would do well for CMKX to announce PR on a Friday, late in the afternoon. Do you realize how much of a bull rush there would be the next Monday? If there truly is a naked short story, the MM's would be absolutely screwed, and the pps would race to history.
Imagine this....We have found a plentiful supply of diamonds, we expect to begin mining operations right away, we have decided to take CMKX private with a buyout price of $.50 per share, oh, and by the way,.... our TOTAL outstanding shares are 50 Billion (Buyout cost $25 Billion).
We would rocket and the MM's, that are in theory short, would shutter and shake.
Unless you're trading in a margin account, your shares cannot be borrowed for short selling. I trade in a 401k CASH account, therefore, the certs are held by fidelity, my brokerage.
Let's say that the float is 170 shares....CMKX would have a market cap of $.034 cents. Now, if the MM's (dirty, dirty rascals) have shorted 100 trillion shares ($20 mil at $.0002), do you think that I will be ok with my 3 shares, if CMKX actually has the largest diamond find in the world?
Just killen me...lol
I sure hope this can surpass my dreams (they're pretty lofty), I am sick of working graveyard! I truly hope that UC announces that the o/s///FLOAT is 100B or under, that would value CMKX at $20 mil now, IF we're neck deep in diamonds, AND the naked shorting is about 500B or more, many of us will become millionaires....Wow, what a dream. Until then, I will endure running my boilers (my lifelong aspiration...NOT!).
I am very thankful to have employment though, in this day and age.
Sorry for this mindless rambling, I am tired, it's 4am here.
I was daydreaming at work again....I thought that if CMKX knows that there are diamonds in them there hills, that they should offer a realistic dividend...like $.001. If there are 500B shares O/S, then it would cost the company $500 million, then if there is truly a naked short story here, it would force a monumental stampede to cover, and the dividend, a stampede of new long investors.
I think a move like that would show such a sign of confidence by the company in it's position, that investors who are currently nervous to hold shares past a couple sub-penny run up, would go along for the ride simply because they would be playing with Company $$$$.
Just some food for thought.
A good long weekend to all.
So is the general thought here that UC is not releasing actual o/s information to set up possible naked shorters? If that truly is the case, then this could me monumental, IF there is truly a LARGE diamond find.
Does anyone know that there is a large find, or is it all speculation? I read earlier that CMKX has stopped drilling while waiting for results of currently shipped samples, is this true?
I am prepared to lose my capital invested here, but I keep slipping into the daydreaming mode of wondering just how high this will go.
IF the naked short story is true, and the diamond find as well, I think this could be driven strictly by momentum higher than I could imagine, I don't plan to sell any shares before $.39
New to CMKX as of Tuesday. I am sure hoping that this 'dream' is for real, I bought with the last of my dwindling funds. Hope my 21 mil. shares at least earn $1 mil.
Being a numbers freak, and throwing out the naked shorting theory, I figured that currently @ $.0002 with 850B o/s, we would have a market cap of $170 mil. IF this diamond find is the largest find worldwide, then I am sure that CMKX would rate a 1.7B market (at least). Therefore, we are looking at a 10 bagger here in the worst case scenerio.
I figured that I couldn't find another stock that I would expect to gain 1000% before CMKX does. In for the ride, any o/s numbers under 850B just add gravy to the plate.
goodnight to all.