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HELLO MY cmkx FRIENDS
Dont be upset if you already read this
CASAVANT MINING KIMBERLITE INTERNATIONAL
but i found it.From: ger@hush.com
Sent: Monday, January 05, 2004 2:15 PM
To: rule-comments@sec.gov
Subject: File No. S7-23-03
Overview
The SEC's proposal in Regulation SHO to ban naked short selling is based primarily on the perception that naked short selling is widely used to manipulate stocks downward and therefore should be eliminated from the marketplace. In reality, the opposite is true:
(1) There is no evidence to support the perception that naked short selling is widely used to manipulate stocks. In fact, data will be presented to show that those companies and groups that have publicly complained to have been harmed by naked short selling tend to be grossly overvalued, and in some cases are associated with individuals who have been charged with stock fraud in the past. Regulation SHO itself presents only one instance of manipulation by naked short selling, and it's a special situation involving "death spiral" convertible financing. It is recommended that new regulations address specifically death spiral convertible financing, and not naked short selling in general.
(2) Upward manipulation of stocks is much more widespread than downward manipulation, particularly among thinly-capitalized securities in the Bulletin Board and Pink Sheet markets. This contention is supported by an academic study that examined market manipulation cases pursued by the SEC itself: 85% of the market manipulation cases studied were for upward manipulation, while less than 1% were for downward manipulation.
(3) Naked short selling is an important market force in combating upward manipulation of thinly-capitalized securities. Because it is extremely difficult to get a borrow on thinly-capitalized stocks, banning naked short selling will eliminate the majority of short selling in this marketplace. By eliminating naked short selling, the SEC is making the environment more fertile for the type of manipulation that is most prevalent.
Each of the above three points are discussed in detail below.
(1) The Myth of Widespread Manipulation via Naked Short Selling The very first sentence in the section on naked short selling in Regulation SHO states "Many issuers and investors have complained about alleged "naked short selling", especially in thinly-capitalized securities trading over-the-counter." Indeed, there is a group of companies and promoters that have "declared war" on naked short selling and for the past year have put out a constant stream of press releases that in essence claim that naked short selling is being used to manipulated downward the price of scores of Bulletin Board and Pink Sheet stocks. It appears that the SEC is proposing to ban naked short selling in order to appease this very vocal group of issuers, promoters, and misguided investors. However, these groups have produced no evidence to back up their claims that their stocks have been manipulated by naked short sellers. Indeed, upon close examination the group waging the war on naked short selling consists of companies that for the most part appear to be grossly overvalued with no evidence of depressed stock prices due to naked short selling. Also, there are some rather shady characters associated with these groups. The credibility of these groups and their claims are examined below:
ICI / NAANS / Genemax:
Investor Communications International (ICI) is a stock promotion firm that has been the most vocal critic of naked short selling. ICI has formed the National Association Against Naked Short Selling (NAANSS) which has been lobbying in Washington DC against naked short selling. On their website (http://www.nakedshortselling.com ), they ask people to join their organization in order to "make your voice heard in Washington, D.C.". ICI and its associated companies have issued numerous press releases complaining about manipulation by naked short sellers, but have never presented any evidence to back up these claims.
In a recent SEC filing, the president of ICI is listed as Brent Pierce (filing DEF 14C for Petrogen Corp issued on 12/31/02 http://www.sec.gov/Archives/edgar/data/1057226/000105050202001084/hadro- def14c.txt ). Pierce was found to have committed securities fraud by the British Columbia Securities Commission and was "prohibited from becoming or acting as a director or officer of any reporting issuer for a period of 15 years" (http://www.bcsc.bc.ca/Enforcement/eol/pierce_gordon.htm).
ICI is well known for its close ties to the biotech company Genemax (BB:GMXX). ICI brought Genemax public, performs investor relations for it, and is a large shareholder. ICI and Genemax also share the same address in Blaine, WA, and share various officers and consultants. Genemax and ICI launched a widely publicized campaign against naked short sellers last year when Genemax tried to exit the Depository Trust Corporation (DTC) and have its shares trade only as paper certificates in an effort to prevent naked short selling of their stock. Excitement over this tactic caused shares of Genemax to soar from about $1.00 per share to over $20.00 (and then back to $1.00), and ICI persuaded dozens of other companies to attempt to leave the DTC. These companies claimed that naked short selling was depressing the price of their stock, but did not present any evidence that this was indeed true. The SEC ultimately did not allow these companies to go to trading of paper certificates.
James D. Davidson, until recently CFO, director, and a shareholder of Genemax, is an editor and founder of Agora publishing, which was recently charged by the SEC with stock fraud (http://www.sec.gov/litigation/complaints/comp18090.htm ).
With these types of associations, ICI is not a credible source for complaints about stock manipulation.
The 106 Companies Allegedly Damaged by Naked Short Selling: Investrend, a financial services company that caters to small market capitalization companies, has issued numerous press releases that list 106 companies that allegedly have been damaged by naked short selling. These press releases have been so widely distributed that other media sources have referred to this list as well. The vast majority of companies on the list trade on the Bulletin Board or Pink Sheets. Seven of the Nasdaq/NYSE companies on the list that were contacted, and they said that they were unaware of such a list and did not wish to be affiliated with it. Since the remaining 99 companies on the list have claimed to have depressed stock prices due to naked short selling, I attempted to compile basic financial data on these companies and looked for evidence of depressed stock prices. I was able to find basic financial data on 70 of these companies; for many of the Pink Sheet companies basic financial data was not publicly available. A table containing financial data on the 70 companies can be found in Attachments 2 and 3. A summary of this data:
Average Market Cap at 52-Week High: $46M
Average Market Cap on 1/2/04: $20M
Average Current Annual Revenue: $2.2M
Average Current Annual Earnings: -$2.4M
Average Cash: $0.63M
Average Price/Sales Ratio at its 52-Week High: 20
Average Price/Sales Ratio on 1/2/04: 9
These companies and their shareholders apparently believe that they should be trading near their 52-week highs and that naked short sellers have illegally manipulated their stock prices lower. However, looking at the financial data there is no evidence that this is true. With a current average market cap of $20M, little revenue, big losses, and little cash, these companies are by no means suffering from depressed stock prices. The data is actually worst then suggested by the averages since most of the revenue is from just a few companies. If you remove the 5 companies with the most revenue, the current average market cap drops to $16M, however average annual revenue drops to only $0.9M, and the Price/Sales ratio balloons to 17. These companies are overvalued, not undervalued.
Another troubling aspect of these companies is that 26 of the 70 have either been associated with an SEC investigation, or have been investigated by www.our-street.com , www.stocklemon.com , or www.stockpatrol.com (as indicated in Attachment 1). I find Our-Street, Stocklemon, and Stockpatrol to be credible sources that publish very detailed fundamental research on companies which they believe are being "pumped and dumped". In fact, many of the companies they profile are later investigated by the SEC.
(2) The Reality: Widespread Upward Manipulation It has certainly been my experience in observing the stock market that upward manipulation is much more widespread than downward manipulation. This is particularly true among thinly-capitalized stocks which are the easiest to manipulate. A recent study entitled "Stock Market Manipulation û Theory and Evidence" by Rajesh Aggarwal of the Tuck School of Business, Dartmouth College and Guojun Wu of the University of Michigan Business School (http://groups.haas.berkeley.edu/afa/UPDF/P306_Asset_Pricing.pdf ) collected "data on stock market manipulation cases pursued by the U.S. Securities and Exchange Commission from January 1990 to October 2001." One of their results: "84.51% of manipulation cases involve the inflation of stock prices while less than 1% of cases involve the deflation of stock prices. Stabilization accounts for 2%. For about 13% of cases we do not have enough information to classify the type of manipulation."
This academic study by reputable researchers refutes the claims made by companies and promoters that downward manipulation is widespread. Indeed, it indicates that upward manipulation is more than 84 times more prevalent.
(3) Naked Short Selling is an Important Market Force in Combating Upward Manipulation Naked short selling is being targeted by companies and promoters because it is the primary type of short selling that occurs among thinly-capitalized securities. It is extremely difficult to borrow shares of these stocks to sell short, and so if naked short selling is banned there will be very little short selling in this market segment. For many of these stocks, especially during the "pump" phase, the float is controlled by insiders, and so borrowing shares to sell short is virtually impossible. Another problem is that the system used to obtain a "borrow" is highly inefficient. With the shares of a stock spread across borrow desks at innumerable brokers and clearing houses across the country (not to mention offshore), it makes it difficult for a short seller to borrow a reasonable number of shares of a thinly-capitalized stock.
Short selling is a critical part of every market. There have been numerous studies that show when short selling is suppressed, stocks become overpriced, investors lose money, and resources are wasted. An intriguing defense of short selling in general was presented by Owen A. Lamont of the Graduate School of Business, University of Chicago to the U.S. House of Representatives Committee of Financial Services on 5/22/03, and can be found here: http://216.239.41.104/search?q=cache:6Y223CS4M9AJ:financialservices.house.gov/media/pdf/052203ol.pdf .
Short sellers are a vital part of the market for thinly-capitalized stocks, not only because of the selling pressure they put on overvalued stocks, but also because of the policing function they perform. Stock promoters spend a lot of resources trying to bring buyers to their stocks via a combination of mass emails, FAXs, mailers, websites, and pumping on message boards. Naked short sellers are usually the only public voice offering an opposing point of view. They scour the market for active pump-and- dump schemes and then post their detailed research on message boards. Websites such as www.our-street.com, www.stocklemon.com, and www.stockpatrol.com also search out stocks that are being pumped and publish detailed research. If the SEC does indeed ban naked short selling, stock promoters will be able to dominate message boards and other public discussion of these stocks with little opposition. Analysts and the media rarely cover thinly-capitalized stocks, and the SEC is so short on resources that it uncovers only a fraction of the pump-and-dump schemes that occur in this market. There will be a significant increase in overvaluation and manipulation among Bulletin Board, Pink Sheet, and low-price Nasdaq and Amex stocks if naked short selling is eliminated. Retail investors will lose money and legitimate companies in these markets will become tainted.
It appears that by banning naked short selling the SEC is attacking the 1% of manipulation cases and making the ground more fertile for the other 85%.
Conclusion
In Regulation SHO, with regard to the proposed regulations intended to curtail naked short selling, you state "In our view, these delivery requirements would protect and enhance the operation, integrity and stability of marketsàIn particular, we believe that they will protect buyers of securities by substantially curtailing naked short selling." In this letter I've tried to demonstrate that in fact the complete opposite is true: that this regulation, if enacted, will reduce the integrity and stability of markets, and will leave buyers of securities with much less protection than they have today.
A group of companies and promoters have conducted a very effective public relations campaign in which they've convinced the public and, unfortunately, some regulators, that naked short selling is widely used to manipulate stocks downward. An examination on these companies shows them to be overvalued and to have associations with questionable individuals. Many are related in some manner to SEC investigations into stock fraud. These companies and promoters are not credible sources for ideas on how to add integrity and stability to the markets.
The SEC should produce credible evidence of widespread abuse by naked short sellers and make that evidence public before it takes any action. In Regulation SHO the SEC has pointed to a situation involving "death spiral" convertible financings where manipulative naked short selling occurred. "Death spiral" financing by its very nature is extremely prone to manipulation, and a more appropriate response would be to introduce new regulations that apply specifically to this type of financing.
Naked short selling is an important market force in combating "pump and dump" and other types of upward manipulation that are prevalent in these markets. If it is eliminated, stock fraud will dramatically increase, not decrease, among thinly-capitalized stocks.
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Attachment 1: Research / SEC Investigations of Companies Claiming Damage by Naked Short Sellers
ADZR AdZone Research, Inc.
Stockpatrol: http://www.stockpatrol.com/schlock/articles/adzone.html
http://www.stockpatrol.com/schlock/articles/adzone2.html
BIFT BIFS Technologies Corp
Stockpatrol: http://www.stockpatrol.com/schlock/articles/biofiltration.html
COHIA Composite Holdings
SEC Litigation: http://www.sec.gov/litigation/litreleases/lr17741.htm
EDGH Edgetech Services
Our-Street: http://www.our-street.com/edgetech.htm
Stockpatrol: http://www.stockpatrol.com/schlock/articles/edgetech.html
http://www.stockpatrol.com/schlock/articles/edgetech2.html
http://www.stockpatrol.com/schlock/articles/edgetech3.html
EVSC Endovasc Ltd.
SEC Litigation involving EVSC: http://www.sec.gov/litigation/complaints/comp18090.htm
Dow Jones:
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=18257522
EPXR EPIXTAR Corp.
Federal Trade Commission: http://www.consumeraffairs.com/news03/epixtar.html
Stocklemon: http://www.stocklemon.com/articles/06_02_03.html
Our-Street: http://www.our-street.com/Epixtar.htm
FLST(FSFY) Flight Safety Technologies
Stocklemon: http://www.stocklemon.com/articles/08_12_03.html
http://www.stocklemon.com/articles/08_20_03.html
FSRCE FreeStar Technologies
SEC Litigation: http://www.sec.gov/litigation/complaints/complr17397.htm
GENI Genesis Intermedia
SEC Litigation: http://www.sec.gov/litigation/litreleases/lr18344.htm
GMXX GeneMax Corp.
Stocklemon: http://www.stocklemon.com/articles/08_23_02.html
Dow Jones: http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=18257522
HPON Hop-On
Stockpatrol: http://www.stockpatrol.com/schlock/articles/hopon.html
http://www.stockpatrol.com/schlock/articles/hopon2.html
HQNT H-Quotient, Inc.
Our Street: http://www.our-street.com/Hquotient.htm
IBCL International Biochem
SEC Litigation: http://www.sec.gov/litigation/litreleases/lr17991.htm
IBCS International Broadcasting Corp
Stockpatrol: http://www.stockpatrol.com/buyer/articles/ibc.html
ISTO InternetStudios, Inc.
Stocklemon: http://www.stocklemon.com/articles/02_14_03.html
LAIR Lair Holdings
Stockpatrol: http://www.stockpatrol.com/schlock/articles/lair.html
http://www.stockpatrol.com/schlock/articles/lair2.html
NPCT Nanopierce Technologies, Inc.
SEC Litigation: http://www.sec.gov/litigation/complaints/complr17379.htm
http://www.sec.gov/litigation/admin/34-45856.htm
NPHC Nutra Pharmaceutical
Our-Street: http://www.our-street.com/nutrapharma.htm
OECI Orbit E-Commerce, Inc.
SEC Litigation: http://www.sec.gov/litigation/complaints/comp18226.htm
PACC Pacel Corp.
SEC Litigation: http://www.sec.gov/litigation/litreleases/lr18057.htm
RMEC Rocky Mountain Energy Corp.
SEC Litigation: http://www.sec.gov/litigation/complaints/comp18069.htm
RTNHE(SAFS) RTIN Holdings
Stocklemon: http://www.stocklemon.com/articles/02_11_03.html
STEH Suncomm Technologies
Our-Street: http://our-street.com/SEC-SunnComm4.htm
USXP Universal Express, Inc.
Dow Jones: http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19375589&s=carol%20remond
VRA Viragen
Stockpatrol: http://www.stockpatrol.com/schlock/articles/viragen.html
http://www.stockpatrol.com/schlock/articles/viragen2.html
VGNI Viragen International
SEC Litigation: http://www.sec.gov/litigation/admin/34-46108.htm
Note: Attachments 2 & 3 are contained in a word document attached to this email.
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Attachment 2: Financial Data at 52 Week High
Ticker Company Price at 52 Week High Date of 52 Week High Estimated OS at 52 Wk High
(M shares) Est. Mkt Cap at 52 Week High ($M) Price/ Sales Ratio at 52 Week High Current Rev
($M) Source of OS at 52-Week High
ADVR Advanced Viral Research $0.30 12/1/03 521.9 $157 n/a $0.0 11/14/03 10Q
ADZR AdZone Research, Inc. $0.30 11/11/03 67.8 $20 318 $0.1 11/13/03 10Q
AMSE (AMAF) America's Senior Financial Serv $0.44 6/11/03 25.5 $11 1 $10.2 7/31/03 10Q
AAMI American Ammunition, Inc. $1.04 3/31/03 55.3 $58 44 $1.3 7/31/03 10K
AGLC (AGEL) AngelCiti Entertainment $0.90 5/30/03 24.8 $22 30 $0.7 5/20/03 10Q
ATSC ATSI Communications, Inc. $0.15 5/8/03 103.6 $16 52 $0.3 2/3/03 10K
AMIN American International Indust $4.45 12/12/02 1.72 $8 1 $6.4 11/13/02 10Q
APSW Adirondack Pure Springs Mt. Water $0.38 7/14/03 18.8 $7 22 $0.3 6/17/03 10K
BBIC Bluebook International $0.80 12/10/02 28.7 $23 37 $0.6 11/20/02 10Q
BLII Blue Industries $1.99 2/11/03 4.8 $10 68 $0.1 8/21/02 10Q
BTLY Bentley Communications $0.05 10/24/03 358.5 $16 n/a $0.0 10/14/03 10K
BIFT BIFS Technologies Corp $0.03 3/14/03 556.1 $17 108 $0.2 11/15/02 10Q
BDLF Broadleaf Capital Partners $0.03 8/11/03 16.5 $0 n/a $0.0 6/23/03 10Q
CCLH Critical Home Care $3.00 12/12/02 24.4 $73 14 $5.1 2/19/03 10Q
COHIA Composite Holdings $0.35 12/17/02 43.1 $15 n/a $0.0 5/20/02 10Q
CYBD CyberDigital, Inc. $0.51 8/28/03 22.3 $11 n/a $0.0 7/30/03 10Q
DMND (OGTX) Diamond International Group $1.40 10/31/03 28.5 $40 4 $9.6 8/4/03 10Q
EDGH Edgetech Services $1.12 2/13/03 29 $32 20 $1.6 12/16/2002
EVSC Endovasc Ltd. $1.34 1/14/03 34.1 $46 192 $0.2 11/19/02 10Q
ENGY Enviro-Energy Corporation $0.04 1/17/03 255.6 $11 1 $11.3 11/15/02 10Q
EPXR EPIXTAR Corp. $9.20 5/16/03 10.5 $97 2 $44.0 5/14/03 10Q
FLST (FSFY) Flight Safety Technologies $6.24 8/5/03 14.7 $92 92 $1.0 4/3/03 10Q
FSRCE FreeStar Technologies $0.26 4/25/03 117.5 $31 36 $0.9 3/12/03 10Q
GETC Geotec Thermal Generators $0.42 3/25/03 24.9 $10 108 $0.1 11/19/02 10Q
GENI Genesis Intermedia $0.02 1/8/03 24 $0 n/a $0.0
GMXX GeneMax Corp. $10.24 3/3/03 15.3 $157 n/a $0.0 11/15/02 10Q
GTHI GloTech Industries, Inc. $3.00 3/31/03 22.2 $67 n/a $0.0 3/18/03 10Q
GDLS Green Dolphin Systems $0.56 3/12/03 19.9 $11 18 $0.6 5/15/03 10Q
GPMT (SSSU) Group Management $0.15 1/3/03 33.3 $5 40 $0.1 2/12/03 SC 13G/A
HPON Hop-On $0.75 12/31/02 98.6 $74 17 $4.3 7/17/03 Comp. website
HQNT H-Quotient, Inc. $1.42 12/17/03 27.8 $39 12 $3.4 11/15/02 10Q
HYPD Hyperdynamics Corp. $1.98 7/14/03 23.2 $46 137 $0.3 5/19/03 10Q
IBCL International Biochem $0.16 2/3/03 94.2 $15 44 $0.4 2/28/03 10Q
IGCO (LXRS) Intergold Corp. $12.40 12/9/03 0.521 $6 n/a $0.0 12/8/03 13D
IBCS International Broadcasting Corp $0.07 4/3/03 79.1 $5 n/a $0.0 4/15/03 10K
ISTO InternetStudios, Inc. $1.87 2/7/03 10 $19 n/a $0.0 11/15/02 10Q
ITHH ITIS Holdings $0.40 1/14/03 5.2 $2 2 $1.2 11/19/02 10Q
LAIR Lair Holdings $0.26 2/13/03 22.3 $6 n/a $0.0 10/21/02 10Q
LETH Life Energy & Technology $1.97 8/8/03 19.8 $39 n/a $0.0 4/10/03 10Q
MKMV Make Your Move $1.02 12/16/02 11.8 $12 481 $0.0 8/14/02 10Q
NPCT Nanopierce Technologies $0.76 1/14/03 58.8 $45 360 $0.1 11/14/02 10Q
NPHC Nutra Pharmaceutical $1.02 9/15/03 45.6 $47 n/a $0.0 8/14/03 10Q
NUTK Nutek $0.14 5/16/03 91.7 $12 2 $6.9 5/14/03 10Q
NVGV Navigator Ventures $0.05 3/26/03 2.25 $0 n/a $0.0 11/12/02 10Q
OECI Orbit E-Commerce, Inc. $1.55 6/18/03 20.8 $32 n/a $0.0 6/23/03 10Q
PSPP Pitts & Spitts $0.51 1/7/03 14.9 $8 n/a $0.0 11/12/03 10Q
PAID (PAYD) Sales OnLine Direct $0.26 7/9/03 135.6 $35 23 $1.5 5/15/03 10Q
PACC Pacel Corp. $0.07 4/1/03 353 $25 10 $2.5 11/19/02 10Q
PTGC Petrogen Corp. $6.05 2/12/03 1.12 $7 138 $0.0 11/15/02 10Q
PDVN Premier Development & Invest $0.30 7/15/03 83.7 $25 n/a $0.0 5/14/03 10Q
PHLC Phlo Corporation $0.09 12/16/02 57.4 $5 132 $0.0
RMEC Rocky Mountain Energy Corp. $0.02 1/17/03 70.1 $1 n/a $0.0 1/14/03 10K
RTNHE (SAFS) RTIN Holdings $3.62 9/22/03 23.2 $84 8 $10.5 8/20/03 10Q
SFLK Saflink Corp. $7.20 6/19/03 25.9 $186 93 $2.0 5/15/03 10Q
SDNA Sedona Corp. $0.69 12/11/03 56.5 $39 21 $1.9
SINX Sionix Corp. $0.33 12/16/02 76 $25 n/a $0.0 12/10/02 10K
SNRN Sonoran Energy $0.50 6/26/03 8 $4 13 $0.3 3/14/03 10Q
SPRI Sports Resorts International $8.30 3/21/03 48.4 $402 n/a $21.8 11/13/02 10Q
STEH Suncomm Technologies $0.50 6/12/03 200 $100 n/a $0.0 Comp. website
SWME Swiss Medica, Inc. $5.50 12/17/02 32.5 $179 n/a $0.0
TNTI Ten Stix, Inc. $1.09 12/16/02 18.2 $20 198 $0.1 11/19/02 10Q
TIDE Tidelands Oil $2.58 11/17/03 42.4 $109 729 $0.2 11/14/03 10Q
USXP Universal Express, Inc. $0.13 10/13/03 491 $64 27 $2.4 9/29/03 10K
VLSHV Valesc Holdings, Inc. $1.60 1/6/03 10.9 $17 31 $0.6 11/20/02 10Q
VRA Viragen $0.66 5/20/03 209.5 $138 410 $0.3 5/14/03 10Q
VGNI Viragen International $0.51 1/22/03 46.5 $23 70 $0.3 11/14/02 10Q
VICC Vista Continental Corp $1.18 12/16/02 40.1 $47 n/a $0.0 8/20/02 10Q
VIVI Viva International $25.60 1/9/03 7.384375 $189 1,370 $0.1 11/19/02 10Q
VXEN Vtex Energy $1.00 7/16/03 5.6 $6 7 $0.8 3/24/03 10Q
WIZD Wizzard Software $1.03 2/25/03 17.2 $18 33 $0.5 11/19/02 10Q
AVERAGES: $46 20 $2.2
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Attachment 3: Financial Data on 1/2/04
Ticker Company Price on 1/2/04 Est.OS on 1/2/04
(M shares) Est. Market Cap. On 1/2/04
($M) Price/ Sales Ratio on 1/2/04 Current Rev
($M) Current Earnings
($M) Current Cash
($M) Source of OS on 1/2/04
ADVR Advanced Viral Research Corp $0.13 521.9 $67 n/a $0.0 -$8.20 $1.00 11/14/03 10Q
ADZR AdZone Research, Inc. $0.44 67.8 $30 466 $0.1 -$0.93 $0.12 11/13/03 10Q
AMSE (AMAF) America's Senior Financial Serv $0.20 27.4 $5 1 $10.2 -$0.19 $0.26 11/14/03 10Q
AAMI American Ammunition, Inc. $0.28 62.7 $18 14 $1.3 -$3.60 $1.35 Knobias
AGLC (AGEL) AngelCiti Entertainment $0.05 170.6 $9 12 $0.7 -$0.91 $0.04 11/10/03 10Q
ATSC ATSI Communications, Inc. $0.01 103.6 $1 3 $0.3 -$1.20 $0.12 11/13/03 10K
AMIN American International Industries $3.55 2.47 $9 1 $6.4 -$3.60 $5.32 Knobias
APSW Adirondack Pure Springs Mt. Water $0.19 18.8 $4 11 $0.3 -$0.33 $0.00 10/20/03 10Q
BBIC Bluebook International $0.15 28.7 $4 7 $0.6 -$2.10 $0.04 11/19/03 10Q
BLII Blue Industries $0.35 4.8 $2 12 $0.1 -$1.20 $0.01 12/1/03 10Q
BTLY Bentley Communications $0.03 363.9 $9 n/a $0.0 -$3.80 $0.03 11/18/03 10Q
BIFT BIFS Technologies Corp $0.00 556.1 $2 14 $0.2 -$0.95 $0.00 11/15/02 10Q
BDLF Broadleaf Capital Partners $0.01 75.8 $1 n/a $0.0 -$0.86 $0.00 11/26/03 10Q
CCLH Critical Home Care $0.16 24.4 $4 1 $5.1 -$2.80 $0.03 8/19/03 10Q
COHIA Composite Holdings $0.01 43.1 $0 n/a $0.0 -$1.60 $0.00 5/20/02 10Q
CYBD CyberDigital, Inc. $0.24 22.3 $5 n/a $0.0 -$0.56 $0.01 11/10/03 10Q
DMND (OGTX) Diamond International Group $0.60 76.4 $46 5 $9.6 -$0.31 $0.19 12/4/03 10QA
EDGH Edgetech Services $0.16 33.6 $5 3 $1.6 -$0.56 $0.05 9/15/03 10Q
EVSC Endovasc Ltd. $0.30 57.4 $17 72 $0.2 -$5.50 $0.26 11/19/03 10Q
ENGY Enviro-Energy Corporation $0.01 262 $2 0 $11.3 -$1.80 $0.00 11/20/03 10Q
EPXR EPIXTAR Corp. $5.00 10.7 $54 1 $44.0 $4.80 $2.54 11/19/03 10Q
FLST (FSFY) Flight Safety Technologies $4.36 5.3 $23 23 $1.0 -$0.89 $2.30 10/10/03 10Q
FSRCE FreeStar Technologies $0.15 242.6 $35 41 $0.9 -$13.20 $0.24 12/1/03 10Q
GETC Geotec Thermal Generators $0.12 30 $4 37 $0.1 -$0.85 $0.00 11/13/03 10Q
GENI Genesis Intermedia $0.01 24 $0 n/a $0.0 $0.00 $0.00 11/19/01 10Q
GMXX GeneMax Corp. $1.08 17.9 $19 n/a $0.0 -$4.30 $0.08 11/14/03 10Q
GTHI GloTech Industries, Inc. $0.25 22.4 $6 n/a $0.0 -$0.64 $0.01 11/14/03 10Q
GDLS Green Dolphin Systems $0.15 21.8 $3 5 $0.6 -$0.41 $0.04 11/14/03 10Q
GPMT (SSSU) Group Management $0.05 67.8 $3 24 $0.1 -$0.75 $0.00 8/14/03 10Q
HPON Hop-On $0.07 98.6 $7 2 $4.3 -$4.50 $0.13 Knobias
HQNT H-Quotient, Inc. $0.73 34.8 $25 7 $3.4 $2.70 $2.70 11/20/03 10Q
HYPD Hyperdynamics Corp. $1.55 28.6 $44 132 $0.3 -$8.40 $0.01 11/18/03 10Q
IBCL International Biochem $0.00 94.2 $0 1 $0.4 -$4.00 $0.00 2/28/03 10Q
IGCO (LXRS) Intergold Corp. $12.00 3.4 $41 n/a $0.0 -$0.28 $0.00 11/14/03 10Q
IBCS International Broadcasting $0.02 89 $1 n/a $0.0 -$0.52 $0.00 11/19/03 10Q
ISTO InternetStudios, Inc. $0.33 10.9 $4 n/a $0.0 -$0.78 $0.00 11/14/03 10Q
ITHH ITIS Holdings $0.05 5.5 $0 0 $1.2 -$11.40 $0.01 11/19/03 10Q
LAIR Lair Holdings $0.10 36.5 $4 n/a $0.0 -$0.28 $0.00 3/17/03 10K
LETH Life Energy & Technology $1.13 25.3 $29 n/a $0.0 -$2.00 $0.00 10/20/03 10Q
MKMV Make Your Move $0.13 13.3 $2 69 $0.0 -$0.50 $0.00 8/13/03 10Q
NPCT Nanopierce Technologies, Inc. $0.29 66 $19 152 $0.1 -$2.30 $0.09 11/14/03 10Q
NPHC Nutra Pharmaceutical $0.55 47.8 $26 n/a $0.0 -$0.17 $0.00 11/19/03 10Q
NUTK Nutek $0.06 95.9 $6 1 $6.9 -$0.65 $0.11 11/14/03 10Q
NVGV Navigator Ventures $0.02 2.25 $0 n/a $0.0 -$0.07 $0.00 11/12/02 10Q
OECI Orbit E-Commerce, Inc. $0.16 21.3 $3 n/a $0.0 $0.00 $0.00 11/13/03 10K
PSPP Pitts & Spitts $0.00 14.9 $0 n/a $0.0 -$0.36 $0.00 11/12/03 10Q
PAID (PAYD) Sales OnLine Direct $0.19 156.8 $29 19 $1.5 -$3.60 $0.19 11/14/03 10Q
PACC Pacel Corp. $0.00 909.9 $3 1 $2.5 -$2.10 $0.18 11/14/03 10Q
PTGC Petrogen Corp. $0.20 10.4 $2 42 $0.0 -$1.90 $0.28 8/19/03 10Q
PDVN Premier Development & Invest $0.75 82.6 $62 n/a $0.0 -$0.03 $0.01 11/13/03 10Q
PHLC Phlo Corporation $0.02 75.6 $1 31 $0.0 -$1.00 $0.06 2/19/03 10Q
RMEC Rocky Mountain Energy Corp. $0.01 61.7 $0 n/a $0.0 -$0.80 $0.00 2/14/03 10Q
RTNHE (SAFS) RTIN Holdings $3.13 25 $78 7 $10.5 $2.70 $3.20 11/19/03 10Q
SFLK Saflink Corp. $2.68 27 $72 36 $2.0 -$10.50 $9.90 11/14/03 10Q
SDNA Sedona Corp. $0.44 56.5 $25 13 $1.9 -$4.30 $0.05 11/14/03 10Q
SINX Sionix Corp. $0.04 81.5 $3 n/a $0.0 -$2.00 $0.21 8/14/03 10Q
SNRN Sonoran Energy $1.13 10.3 $12 39 $0.3 -$0.11 $0.06 11/28/03 10Q
SPRI Sports Resorts International $4.77 48.4 $231 n/a $21.8 $0.56 $1.00 11/12/03 10Q
STEH Suncomm Technologies $0.07 200 $15 n/a $0.0 $0.00 $0.69 Comp. Web
SWME Swiss Medica, Inc. $0.21 24.1 $5 n/a $0.0 -$10.80 $0.06 11/17/03 10Q
TNTI Ten Stix, Inc. $0.03 19.6 $1 6 $0.1 -$0.40 $0.01 11/21/03 10Q
TIDE Tidelands Oil $2.00 42.4 $85 565 $0.2 -$1.30 $0.21 11/14/03 10Q
USXP Universal Express, Inc. $0.06 552 $35 15 $2.4 -$6.50 $0.54 11/14/03 10Q
VLSHV Valesc Holdings, Inc. $0.20 16.7 $3 6 $0.6 -$0.60 $0.20 9/2/03 10QA
VRA Viragen $0.25 323.8 $81 239 $0.3 -$18.20 $8.40 11/12/03 10Q
VGNI Viragen International $0.20 68.1 $14 40 $0.3 -$5.50 $1.44 11/12/03 10Q
VICC Vista Continental Corp $0.20 49.7 $10 n/a $0.0 -$4.00 $0.02 8/14/03 10Q
VIVI Viva International $0.35 5.96 $2 15 $0.1 -$1.70 $0.00 11/19/03 10Q
VXEN Vtex Energy $0.37 4.4 $2 2 $0.8 -$1.60 $0.26 9/19/03 10Q
WIZD Wizzard Software $1.16 21.9 $25 48 $0.5 -$2.10 $0.14 11/14/03 10Q
AVERAGES: $20 9 $2.2 -$2.38 $0.63
Notes on Attachments 2 and 3:
(1) Abbreviations:
Est: Estimated
OS: Number of Outstanding Shares
(2) The primary source for all of the financial data is SEC filings, or in the absence of filings, Knobias or the company's website.
(3) The OS numbers are considered to be reasonable estimates. Since many of these companies are continuously issuing new shares, it is hard to get a precise number for the OS.
(4) Due to the large amount of data, these tables may contain some minor errors. However, it is extremely doubtful that any errors would significantly affect the average values or change the conclusions drawn from this data.
read this
Stock Analysis
Upon request, Alan Loma may provide a one time analysis of the short positions in the shares of your public company, the Naked Short Virus Scantm. This analysis is done using a patent pending method of computerized triangulation of stock positions, using a variety of public and private resources.
Your stock may already be a victim of illegal shorting activity. Until now, you could never prove it.
Alan Lomax has created algorithms to figure out if your stock is being manipulated and, if so, by whom, when, and by how much. The Naked Short Virus Scantm Triangulation program is a real time monthly report derived in collaboration with national and international stock reporting databases. It shows your companies float, by how many shares your company is being shorted, as well as your naked short or counterfeit stock, amount.
This analysis will provide you with the concrete data on the trading of the shares of stock of your company by market makers and traders, both inside and outside of the United States. With this concrete information, your company can be prepared to address the short positions that have been keeping your share price down.
How it works
Alan Lomax has filed a U.S. Patent Application for his unique process for analyzing whether a US based public company has a Short Position in there stock by how much, date of occurrence, and by which brokerage houses. The process converts the reported stock agencies reported date, security position of each individual brokerage house pertaining to the public company’s stock and calculates this against a time stamped validated true inventory position obtained by a double blind control environment. This process then applies a calculated field to determine if the public company has more shares trading then already in the float. A sub process is then used to identify each reporting brokerage house with a reported position and compare it to each individual brokerage house reported inventory position on the same date. This process then calculates the individual brokerage position vs. inventory and returns a value of how many shares are actually deficient and by what percentage. Last a sub-process is employed which will automatically identify which positions are in violation of certain regulatory provisions and produces a custom report based on these findings.
What it looks like
Below is a sample report that has been prepared to show what you can expect to see in the analysis done specifically for your company. Please note this data is only an indication of what an actual scan might show. No inference should be drawn that any brokerage company listed below is engaged in untoward or illegal activity:
Naked Short Analysis
Company Your Company Authorized 100,000,000 Report Date Aug-25-200X
Cusip 8000DE0 Total Outstanding 39,909,793
SYMBOL YOURCO Total Actual 49,757,400
Exchange OTCBB Total Naked Short 9,847,607
Virus Alert Yellow Percentage Naked Short 80.21%
Participant Name: Reported Position US Reported Position Intl. Inventory Position Actual Position Naked Short Percentage of Failed Report Percentage of Total Short
1 AG E******** & Sons 1,250,000 0 1,250,000 1,203,950 (46,050) -3.82% -0.47%
2 A******* Express 400,000 0 400,000 400,000 0 0.00% 0.00%
3 Armies***** 4,525,000 0 4,525,000 2,710,400 (1,814,600) -66.95% -18.43%
4 As***** Capital Management 0 900,000 900,000 484,000 (416,000) -85.95% -4.22%
5 Bank of ******* Securities 192,000 0 192,000 121,000 (71,000) -58.68% -0.72%
6 Bear, S****** Securities 650,000 0 650,000 394,460 (255,540) -64.78% -2.59%
7 B**** & Company Securities 410,000 0 410,000 409,000 (1,000) -0.24% -0.01%
8 B**** Brother & H******* & Co 90,000 0 90,000 84,700 (5,300) -6.26% -0.05%
9 Ca******** Capital Corp 0 1,100,000 1,100,000 1,076,900 (23,100) -2.15% -0.23%
10 Charles S****** Company 850,000 0 850,000 792,550 (57,450) -7.25% -0.58%
11 D****** Bank
0 123,000 123,000 120,000 (3,000) -2.50% -0.03%
12 E*T**** Securities 2,230,000 0 2,230,000 1,754,500 (475,500) -27.10% -4.83%
13 Edward D. J***** 2,000,000 0 2,000,000 1,950,000 (50,000) -2.56% -0.51%
14 First C****** Corp. 1,400,000 0 1,400,000 1,378,000 (22,000) -1.60% -0.22%
15 I*********, LLC 230,000 0 230,000 228,690 (1,310) -0.57% -0.01%
16 Investec E****** & Company 0 1,100,000 1,100,000 833,690 (266,310) -31.94% -2.70%
17 J.B. Hi****** 0 455,000 455,000 433,000 (22,000) -5.08% -0.22%
18 K****** 100,000 0 100,000 89,600 (10,400) -11.61% -0.11%
19 Lab******* Financial Services, Inc. 125,000 0 125,000 113,400 (11,600) -10.23% -0.12%
20 M****** Lynch 3,330,400 0 3,330,400 2,970,000 (360,400) -12.13% -3.66%
21 M****** Stanley 885,000 0 885,000 779,650 (105,350) -13.51% -1.07%
22 Multiple R****** 80,000 0 80,000 12,100 (67,900) -561.16% -0.69%
23 N******** Bank 140,000 0 140,000 132,400 (7,600) -5.74% -0.08%
24 Na****** Financial Services Llc 0 400,000 400,000 278,900 (121,100) -43.42% -1.23%
25 Na****** Investor Services 0 2,200,000 2,200,000 2,105,400 (94,600) -4.49% -0.96%
26 Oct****** Capital 0 5,750,000 5,750,000 2,117,500 (3,632,500) -171.55% -36.89%
27 P****** 0 1,000,500 1,000,500 789,090 (211,410) -26.79% -2.15%
28 P****** Financial Services 840,000 0 840,000 532,400 (307,600) -57.78% -3.12%
29 P****** Financial 440,000 0 440,000 387,200 (52,800) -13.64% -0.54%
30 P****** Security Company 540,000 0 540,000 326,700 (213,300) -65.29% -2.17%
31 P******-Carley and Assoc., Inc. 0 124,000 124,000 112,000 (12,000) -10.71% -0.12%
32 P*******/Division 300,000 0 300,000 273,000 (27,000) -9.89% -0.27%
33 P*********Securities, Inc. 645,000 0 645,000 597,500 (47,500) -7.95% -0.48%
34 Ray****** James & Associates 552,000 0 552,000 417,450 (134,550) -32.23% -1.37%
35 R****** D******Rauscher 4,125,000 4,125,000 1,493,140 (2,631,860) -176.26% -26.73%
36 R****** D****** Securities, Inc. 2,125,000 2,125,000 1,703,040 (421,960) -24.78% -4.28%
37 R******Securities 850,000 850,000 556,600 (293,400) -52.71% -2.98%
38 S****** Smith Barney, Inc. 250,000 0 250,000 230,384 (19,616) -8.51% -0.20%
39 S****** Capital Inc. 1,125,000 1,125,000 984,500 (140,500) -14.27% -1.43%
40 S****** & Stringfe 900,000 900,000 845,000 (55,000) -6.51% -0.56%
41 S******, Inc. 340,000 0 340,000 333,960 (6,040) -1.81% -0.06%
42 S******, Agee & Leach, Inc. 120,000 0 120,000 118,580 (1,420) -1.20% -0.01%
43 S****** American Securities 0 455,000 455,000 335,049 (119,951) -35.80% -1.22%
44 TD Water****** 2,125,000 0 2,125,000 1,874,900 (250,100) -13.34% -2.54%
45 US B****** 1,100,500 0 1,100,500 1,005,000 (95,500) -9.50% -0.97%
46 US ****** 650,000 0 650,000 453,750 (196,250) -43.25% -1.99%
47 Y****** 235,000 0 235,000 229,900 (5,100) -2.22% -0.05%
TOTALS 27,024,900 22,732,500 49,757,400 39,909,793 (13,184,467) -33.04% -26.50%
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TSX-V: Consolidated Pine Channel Gold Corp ( KPG )
Posted on Wednesday, May 05 @ Mountain Daylight Time by Editor
May 5, 2004
News Release: First Two Holes Drilled on Smeaton Property hit Kimberlite
United Carina Resources Corp. and Consolidated Pine Channel Gold Corp. are pleased to announce that the first two holes drilled on their Smeaton, Saskatchewan area property have encountered significant intersections of Kimberlite.
Hole number one entered Kimberlite at a depth of 410 feet and continued in Kimberlite to a depth of 903 feet for a total intersection of 483 feet. This intersection is one of the thickest to be encountered in the Fort la Corne area to date. Hole number two entered Kimberlite at a depth of 394 feet and stayed in Kimberlite to 640 feet for a total thickness of 246 feet.
Preliminary logging of the two holes was conducted in a secure warehouse and then split. The samples from the two holes were then transported to the Saskatchewan Research Council's diamond laboratory in Saskatoon for analysis.
After a short break to allow ground conditions to thaw and dry out, drilling is about to resume on this target, with two or three more holes to be drilled. The purpose of these holes is to further define the geometry of the Kimberlite pipe and to provide further samples to assay for any diamond content.
The Smeaton property is currently jointly owned by United Carina and Pine Channel, with CMKM Diamonds Inc. (CMKX - Pink Sheets) and U.S. Canadian Minerals Inc. (UCAD - OTC Bulletin Board) each earning a 25% interest. The 25% interests will be earned by CMKM Diamond Inc. and U.S. Canadian Minerals Inc. each providing US$50,000 and each funding Cdn$200,000 worth of exploration on the 27 claim property. Following the drilling of the current target, further work will be conducted on the other areas of the property. Mr. Urban Casavant, President of CMKM Diamonds Inc., the Operator, has informed the Companies that the project is ahead of schedule and under budget.
The Qualified Person on this project is Mr. Ralph Newson of Saskatoon, Saskatchewan.
CONTACT: TEL: (306) 664-3828 Consolidated Pine Channel Gold Corp.
FAX: (306) 244-0042 Rick Walker, President, UCA and KPG
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Financial News
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Press Release Source: Patrician Diamonds Incorporated
Patrician Diamonds: More Kimberlitic Indicator Minerals in the Yukon.
Tuesday June 1, 10:24 am ET
TORONTO, ONTARIO--(CCNMatthews - Jun 1, 2004) -
Blackwater, NT, Hi-Res. Geophysics Soon
The following is an update of some of Patrician's active projects in northern Canada:
Blackwater Lake
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A high-resolution magnetic survey totaling 1,315 line km was flown in May over part of Patrician's Blackwater Lake Project. The helicopter-borne survey, carried out by Fugro Airborne Surveys Corp. using their state-of-the-art MIDAS technology, covered the assumed head area of the numerous indicator mineral dispersion trains identified on the property. The trains are characterized by elevated indicator counts (upwards of 1,500) in basal till. A significant portion of the garnets retain fragile surface textures, suggesting close proximity of the source of the diamonds. High-interest eclogitic garnets and chromites with diamond inclusion chemistries have been reported from the sampling program.
The north-south trending lines were flown every 100 m, with a nominal terrain clearance of 20 m above ground. Interpretation of the data, conducted by a qualified geophysical consultant, should be available next week. It is planned that the highest priority anomalies selected from the survey will be investigated on the ground later in the summer and the best targets test-drilled this fall.
Yukon
The Saskatchewan Research Council's laboratories in Saskatoon have recovered additional kimberlitic indicator minerals from the regional sampling campaign carried out in the fall of 2003 in the Yukon. Detailed mineral chemistry received from R. L. Barnett Geological Consulting confirmed the presence of G9 pyropes, picroilmenites, forsteritic olivines, chrome diopsides and magnesium-chromites. Please note that only a small fraction of the concentrates was observed for indicator minerals. It is of interest, that apart from a single pyrope, all of the pyropes (maximum count of 8), picroilmenites (maximum count of 3), and the bulk of the forsteritic olivines were found only in the diamond positive samples. This strong correlation between diamond and kimberlitic minerals suggests that the source rock is likely to be kimberlite, rather than non-traditional lithologies. Additional indicator results are pending. To summarize the diamond results obtained to date, a total of 11 stones,
the largest 1.04 x 0.80 x 0.72 mm in dimension, were recovered from six different large volume samples, all from one discrete river/glaciofluvial drainage system. A follow-up sampling campaign is planned for July-August.
New Property
The Company is in the process of staking and sampling a new property. As it may take up to sixty days for the claims to be confirmed, news on this highly prospective property, as with the efforts in the efforts in the Yukon, may not be forthcoming as soon as the Company would like.
Jacques Letendre, Professional Geologist, is responsible for the conduct and design of the company's exploration programs, as well as for the quality assurance of analytical results and their verification.
For maps and additional information about property location and technical details, please visit Patrician's web site at www.patriciandiamonds.com.
--------------------------------------------------------------------------------
Contact:
Patrician Diamonds Incorporated
Robin B. Dow
President
Phone: 1-888-834-7708
email: rdow2563@rogers.com
www.patriciandiamonds.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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Source: Patrician Diamonds Incorporated
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Press Release Source: Newport International Group, Inc.
Newport International Group Enters Into Agreement with London Investment Company for the Purchase of 5.8 Million Shares of Newport's Restricted Common Stock at $2 Per Share
Thursday August 5, 6:30 am ET
PALM DESERT, Calif., Aug. 5 /PRNewswire-FirstCall/ -- Newport International Group, Inc. (OTC Bulletin Board: NWPO - News) announced today that it has signed an agreement with a private investment company for the purchase by the investment company of approximately $11,600,000 worth of Newport's restricted common shares in exchange for shares of the investment company.
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The investment company is a newly formed London-based company that has applied for its shares to be admitted to trading on the London stock exchange as an investment trust. The investment company has been established specifically to invest in US micro cap companies with long term growth potential. The investment company expects its shares to be trading on the London Stock Exchange by September 30, 2004.
Commenting on the agreement Cery Perle, CEO of Newport stated, "We at Newport believe that a liquid equity infusion of this magnitude when consummated, will enable us to execute on our business plan, seek out accretive acquisitions, and help us attempt to reach our goal of profitability in 2005. While the Company will always look to take advantage of opportunities that may include financing, this investment puts Newport in a position to significantly accelerate our marketing efforts and software releases in our attempt to rapidly expand revenues and build our markets."
The investment company has entered into a "lock-up" agreement with Newport International Group pursuant to which it has agreed not to trade the Newport International Group shares it will receive as a result of this transaction for a period of two years from the closing date. In full payment for the shares of Newport International Group, the investment company will issue to Newport International Group USD $11.6 million equivalent of its shares at a price per share valued at One Pound Sterling.
Fifty percent of the investment company's shares will be held in escrow for two years following their issuance and in the event the per share market price of the Newport International Group common stock at such time is less than the per share value of the Newport International Group stock at the time of the closing, the investment company shall be entitled to receive out of escrow a percentage of the shares equal to the percentage of such decline. The remaining shares held in escrow shall be released to Newport International Group at such time. The closing of this transaction is subject to certain contingencies, including the listing of the investment company shares on the London Stock Exchange on or before September 30, 2004.
About Newport International Group, Inc.
Newport International Group Inc. (OTC Bulletin Board: NWPO - News), through its subsidiary, GrassRoots Communications, Inc. (GRCI), provides reliable, affordable web conferencing and collaboration technology, previously affordable only to Fortune 500 companies. Offering fast, real-time collaboration, video, and voice, GRCLive saves time and improves the efficiency and effectiveness of business communication. More information at http://www.Newport-International-Group.com and http://www.GRCLive.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe GRC's and/or Newport International Group's hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond either company's control, will affect actual results.
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Source: Newport International Group, Inc.
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thank you for being so kind and yes i will post what i feel would help..cmkx long and strong. good days are coming,well thats what i have been reading anyway... good luck to all
good morning,
yesterday i was looking through some info and it was kind of old stuff and i would like to appoligize for that. i wasnt sure if it would help or not because not all of us really researched that great..im for one are up to speed now..i also do think that CMKX is a great company trying its best to pull over the top and try to be the #1 company in the world..{doesnt that sound great}i would like to share my personal opinions with my CMKX friends without being called any bashing names...ok here goes--i recieved this email once and it was call CMKX well the more i read the more i wanted it soooooooooooo i purchased many many many shares of this CMKX at .0001, it seemed like a small investment risk for a big return so here i am long and holding and that is my story. i had a feeling and took it..so please if i feel some older news is of importance to some then please do not get mad,for i am a long term investor like most of you awesome people.. thank you for trying to understand. i love this board thats why i registered. i have only sat on the sidelines reading your post for 3 months,and with all the people putting this stock down {like bashers} i felt the need to protect my investment and start posting...well anyway good morning to all the great CMKXers and happy trading day.{we hope}time for coffee ,i'll just read now.. bye for now
dd
hi cmkxers
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Mining Dictionary
Geology 101
Oil & Gas
Volume 81 Number 43 NORTH AMERICA'S MINING NEWSPAPER Dec 25 - 31, 1995
Headlines
Dec 25 - 31, 1995
Imperial Metals enters JV to explore in Niger
Voisey's Bay discovery team named `Mining Men of the Year'
N.W.T. base metal play heats up for joint venture
Cambior eyes Cameron Lake
Tandem and NAR pull gold
Voisey's it is
Greater Lenora to decide on Goldfields
Azco OKs sale of copper properties to Phelps Dodge
Indomin Res. tops up its treasury
Exall to buy stake in Hislop-Beatty
ODDS'N'SODS -- David Osborne: Master builder without equal
EDITORIAL PAGE -- Canada: a land teeming with hidden potential
COMMENTARY -- Green extremists threaten New World
PEOPLE -- SANFRED -- Anthony Claydon appointed director.
PEOPLE -- ECUADORIAN -- Robert Henseler appointed director.
PEOPLE -- CANASIL -- Max Schlaepfer appointed director.
PEOPLE -- CABO VENTURES -- Robert Boyd and Richard Fifer elected directors.
Symposium to highlight global opportunities
Geological studies shed light on Kidd Creek mine
Golden Giant resumes mining
PEOPLE -- ADIKANN GOLDFIELDS -- J. Douglas appointed president.
PEOPLE -- AMERICAN WOLLASTONITE -- James Lim appointed director.
PEOPLE -- ATTWOOD GOLD -- Kenneth Berry appointed director.
PEOPLE -- AURIGINOR -- Richard Diotte appointed president.
PEOPLE -- AUSPEX -- Alvin Jackson appointed president.
PEOPLE -- BLUE RIBBON -- Jack DiMarchi appointed president.
PEOPLE -- BOLIVAR GOLDFIELDS --Stephen Dattels and Anthony Williams appointed directors.
PEOPLE -- BORON CHEMICALS -- Charles Hansard appointed director.
PEOPLE -- BRITANNIA GOLD -- George Poling appointed director; William Murray appointed vice-president of operations; John Nilsson appointed vice-president of mining; Terry O'Kane appointed vice-president of technical services; and David Horst appointed vice-president of government affairs.
PEOPLE -- CALCO RES. -- Kenneth Fletcher appointed director.
PEOPLE -- DRAGON GEM -- Richard Nemis appointed director.
PEOPLE -- SAN FERNANDO -- John Brown appointed director and president.
PEOPLE -- PRIME EQUITIES -- Leslie MacConnell and Joseph Wolberg appointed directors.
PEOPLE -- PETRO PLUS -- Urban Casavant, Randy Studer, Gregory Leia, Ralph Newson and Wayne Goranson appointed directors.
PEOPLE -- MOUNTAIN PROVINCE -- Brian Lawrence and Raj Chowdhry appointed directors.
PEOPLE -- INDOMIN -- Kenneth McKechnie appointed president and director; Lee Spencer appointed senior vice-president, exploration, and director; Paul Loudon appointed vice-president, corporate development; N. Newson appointed vice-president, exploration (Canada); John York appointed vice-president, finance; and James Harris appointed director.
DIAMOND NEWS ROUNDUP -- Spider, KWG discover diamonds in James Bay Lowlands
STOCK MARKETS -- Christmas doldrums keep western markets flat
STOCK MARKETS -- Drop in interest rate causes late TSE rally
FINANCING
PRODUCER PRICES
Castle Rock shifts its focus
Trenching work confirms Beep Mat showings in Berthiaume Township
Drilling tests Queen of the Hills
Petro Plus builds new team, eyes gold and diamond projects
Index
Companies
Atlas, Phoenix deal
Americana active in Venezuela
Reserves boosted at Palmarito
OBC shows low-grade potential
Jerooy project shelved due to costs
Shoshoni joins rush in Yukon
Canarc drills at Polaris-Taku
Venture combines Acadia, two offshore companies
Booker Gold zeros in on breccia
El Indio to spur Barrick's growth into 21st century
Gibraltar aims to finance Lomas Bayas
Copyright © 2004 The Northern Miner All rights reserved.
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Home / Previous Page
Ex-Dividend Dates:
When Are You Entitled to Stock and Cash Dividends
Have you ever bought a stock only to find out later that you were not entitled to the next cash or stock dividend paid by the company? To determine whether you should get cash and most stock dividends, you need to look at two important dates. They are the "record date" or "date of record" and the "ex-dividend date" or "ex-date."
When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.
Once the company sets the record date, the stock exchanges or the National Association of Securities Dealers, Inc. fix the ex-dividend date. The ex-dividend date is normally set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
Here is an example:
Declaration Date Ex-Dividend Date Record Date Payable Date
7/27/2004 8/6/2004 8/10/2004 9/10/2004
On July 27, 2004, Company XYZ declares a dividend payable on September 10, 2004 to its shareholders. XYZ also announces that shareholders of record on the company's books on or before August 10, 2004 are entitled to the dividend. The stock would then go ex-dividend two business days before the record date.
In this example, the record date falls on a Tuesday. Excluding weekends and holidays, the ex-dividend is set two business days before the record date or the opening of the market – in this case on the preceding Friday. This means anyone who bought the stock on Friday or after would not get the dividend. At the same time, those who purchase before the ex-dividend date receive the dividend.
With a significant dividend, the price of a stock may move up by the dollar amount of the dividend as the ex-dividend date approaches and then fall by that amount after the ex-dividend date. A stock that has gone ex-dividend is marked with an "x" in newspapers on that day.
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
If you have questions about specific dividends, you should consult with your financial advisor. You can also get information by going to your library and reading Standard and Poor's Dividend Record Binder.
http://www.sec.gov/answers/dividen.htm
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Home / Previous Page Modified: 06/21/2004
hello all
market news
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CMKX (OTC) CMKM DIAMONDS, INC
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CMKX: Goes Ex-Dividend Wednesday, Aug 18; Stock
TUESDAY , AUGUST 17, 2004 06:58 AM
According to the NASDAQ Dividend List, CMKM Diamonds, Inc (OTC: CMKX) are expected to go ex-dividend on August 18, 2004. This Stock dividend was originally declared on August 02, 2004.
DECL-DATE X-DATE REC-DATE PAY-DATE
----------- ----------- ----------- -----------
08/02/2004 08/18/2004 08/20/2004 09/24/2004
AMOUNT: Stock
FREQUENCY: N/A
CHANGE: N/A
ADDITIONAL INFO: .0000155 of a restricted share of US Canadian Minerals Inc (OTCBB: UCAD) for each share held. Will not be quoted Ex.
Knobias may issue additional reminder alerts to track the important dates surrounding this corporate action.
Copyright © 2004 Knobias.Com, LLC. All rights reserved.
i found this today,take a look ..is it old? check out the outstanding share part. i dont know but it would be nice.. vickers.com i think.good luck all
Click HERE to Sign Up for an Account. 8/16/2004
Miscellaneous Report: Insider Index
(Modify Search)
Ticker: CMKX
Security Name: CMKM DIAMOND INC
Security Type: Common, Ordinary Stock
Price: 0.001
Description: COM
Vicker's Index: N/A
Date: N/A
Main Industry: MANUFACTURING
Industry: Games, toys, and children's vehicles
Country: Domestic
Exchange: NON-NASDAQ OTC ISSUES
Shares Outstanding: 684,448,000
Abbreviation Codes
Copyright 2002-2003 Vickers Stock Research. All Rights Reserved. Terms and Conditions.
WHAT DOES THE URL MEAN ANYWAY,I DONT UNDERSTAND..DONT LAUGH,sorry about the caps. would anyone just let me send it to there email and then they could post it.is that possable?since i sent it to my self for safe keeping.and now have it in my box.send a email and i will send you the info i found.,ok they say on ihub i only can post one more time..ok my cmkx friends -maybe tommorrow will be better.long and holding cmkx.
HELLO,
I FOUND SOMETHING ON OUR CMKX, BUT NOT SURE HOW OLD IT IS.IT SEEMED INTERESTING THOUGH,IT MENTIONS AN OUTSTANDING SHARE.BUT IT COULD BE SOMETHING FALSE.HOW DO I GET IT TO THE BOARD FOR ALL TO ANALIZE.{SORRY CANT SPELL} THANK YOU--IF YOU WANT TO KEEP IT PRIVATE YOU CAN EMAIL.
hello i just registered 20 minutes ago and this is my first post,i think they allow only three-so ill only post this one tonight.well anyway i have been reading this ihub board for three months faithfully and i am addicted to it, some of this stuff is simply retarded so i just skip it till i find some real good post,i do enjoy the jokes once in a while ,but i hate when certain people act like babys..sorry. i am heavly invested in this company and i wish people would act like investors a little more than fighting with each other,they are filling up the board with crap...it seems by the time i get through the stupid stuff,only three post seem to interest me...ok enough about me...so i just want to say hello to all the cmkx friends and hope that the board starts getting a little more serious..does anyone know if anything will come tonight like a press release...ok cmkxers i will just sit on the sidelines for a while and just read all the intelligent post..make me proud to own cmkx