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BY Algae, what you know what MM's look and dont look? Zero, nada, ziltch, un carajo.
"Have you ever seen a real short squeeze? I somehow doubt it. They don't work the way you seem to think they do."
You are just arrogant, throwing nonsense around. Always trying to deviate from the issues, into secondary, nonimportant stuff.
I know your method, does not help in anything to anybodys decisions here.
Are you blind? Dont you see the tape every day ? What is that if not covering?
Euthy, first, it means that the real number in the OS, is still unknowm, until the NSS is solved. CMKX real number of shares in the OS will be known only after the mess of NSS has been cleaned by the DTC. That is why the question of dividends depends on solving the NSS of CMKX. Dividends markers are being put in our accounts, per DTC, and only after clearing the mess with NSS of CMKX, will the number of real dividends that each one of us is entitled to recieved becomes apparent. It means that MM's and shorties are terribly confused about the all issue, they dont really know, and they are dying to know, what is the real CMKX OS.
THis is part of the strategy being implemented by Glenn and UC, keep the shorts in the dark.
Blow after blow, dividend after dividend, and still in the dark, until DTC clears the first wave of NSS, and then... shorty will have to cover the real NSS owed to retailers like us (does it include you, or are you just browsing in the issue of CMKX? LOL)
Euthy, sorry to dissapoint you, but MM's go to the CTC pool to ask if there shares available to be borrowed, so they should know how many are there. When (having the knowledge there are not enough) they cooperate with somebody going short on a stock, THEY, the MM's are responsible to make sure the shares are there. That is the all point. Double counting of NSS is part of the problem, and the MM's ARE responsible. NOw the covering we see dayly, is the retiring ordered by the CTC of those shares that were put in the pool, as supopsedly accounting for the share that was borroed in a short sale before.
Once this problem is accounted, the turn will begin for the REAL covering of the retail shares. This is what I mean, the REAL covering has not started yet.
Euthy,
Why arent shareholders screaming? Because a MARKER has been put in their accounts. The short covering of shares hasnt even started yet. Read the post that I put previously and that explain the tricks MM's are doing to fool investors. This is being corrected as we speak, by the DTC.
More on short covering. Read.
By: rbitulsa
19 Oct 2004, 04:39 PM EDT
Msg. 102487 of 102497
(This msg. is a reply to 102398 by scruffy_too.)
Jump to msg. #
scruffy -
They are not yet covering your shares. A 1000 share short actually created 2000 naked shorts. You own the 1000 shares, and a DTC member lender owns the same 1000 shares, because he claims he merely loaned you the 1000 shares after shorty failed to settle his short sale.
My theory is that the SEC has told the DTC member lender that he now must account for his "loan" to you as a sale, becuase he knew in advance that shorty had no intention of ever covering, meaning you are now the only owner of the 1000 share naked short sale. The DTC member lender is accounting for these sales at the market value they carried on his books.
Now, if and when a retail short covering is forced, shorty must beg you for your shares, and you do not have to fight with DTC member lender over who actually owns the shares.
IMO
LMRI, yes I do, but you dont understand any sXXt.
No hay problema.
Hobby, thank you. Your points are well made.I agree with you. I did not express displeasure about Glenn's name mispelling, was somebody else. MY signature, I will correct it, you are right.
Bored and nothing of substance, it is the worst case. Trying to find fish in the Dead Sea? 100 posts? OMG.
GUMP,
Not only CIM will be a publicly listed company soon but will have VALUE. One possibility might be to merge it or transfer SGGM shares (200 billion owned by CMKX), which is running at
$ 0.40.
Then it will be fun watching the shorties run for their life.
Hobby, interesting theory. One question: How the private placement benefits us, shareholders? What impact will have on UCAD's PPS? What impact will have on CMKX?
More on short covering. Read.
By: rbitulsa
19 Oct 2004, 04:39 PM EDT
Msg. 102487 of 102497
(This msg. is a reply to 102398 by scruffy_too.)
Jump to msg. #
scruffy -
They are not yet covering your shares. A 1000 share short actually created 2000 naked shorts. You own the 1000 shares, and a DTC member lender owns the same 1000 shares, because he claims he merely loaned you the 1000 shares after shorty failed to settle his short sale.
My theory is that the SEC has told the DTC member lender that he now must account for his "loan" to you as a sale, becuase he knew in advance that shorty had no intention of ever covering, meaning you are now the only owner of the 1000 share naked short sale. The DTC member lender is accounting for these sales at the market value they carried on his books.
Now, if and when a retail short covering is forced, shorty must beg you for your shares, and you do not have to fight with DTC member lender over who actually owns the shares.
IMO
The short covering going on right now. Explanation.
By: rbitulsa
19 Oct 2004, 02:07 PM EDT
Msg. 102275 of 102449
Jump to msg. #
The SEC is forcing a non-retail covering.
This is the last few paragraphs of my previous message, if you want to cut to the chase (the short story, so to speak)
The covering we are seeing right now is essentially a change in accounting for CMKX shares by anyone who is/was a lending member to the DTC for CMKX, who is/was reporting to have a long position of unpledged CMKX shares in their DTC trust account, and further was a lending member who was at the same time selling or brokering the sale of short shares of CMKX, and not settling those sales at the required T+3 (or ever).
The “covering” is taking place on all shares loaned out to the NSCC, by the DTC Member described above; specifically, those shares loaned out in order to cover a retail settlement failure within the DTC system, and retained on the DTC Member’s books as still being owned by the DTC Member. The SEC is requiring that these shares be re-accounted for as sales, rather than loans, and be removed from both the books of the DTC Member Lenders.
Because the share loans (which were done blind to the market) are now sales, these transactions must be accounted for in the market and through the tickers.
Simply put, say JEFF for example was responsible for both facilitating sales of CMKX which never settled, and was receiving back buy-in shares from their own purchases which went unsettled, all while reporting a long position of unpledged CMKX shares into the DTC trust – showing them as available to be borrowed.
The main effects of this covering:
1) It drastically reduces the number of naked short shares in CMKX. In the example (see 58 – 59 above), the short-seller sold 1,000 naked shares into the market (and failed on it’s settlement) but 2,000 shares ended up being legally owned (1,000 by the buyer and 1,000 by the DTC lender). With the accounting change, in this example, there is now only the short-sellers initial settlement failure which remains open, and the buyer becomes the sole owner of the 1,000 shares.
2) As DTC Member Lenders re-account their “loans to the DTC” as sales, it reduces, and likely completely eliminates, their “long positions” in CMKX, which would also significantly reduce, if not completely eliminate, the DTC’s “borrowing pool” for CMKX
When this “phase” of covering is complete, there should be one settlement failure for every fake share held in the retail market.
IMO
I think you have a point there. Sell and leave.
HOg, relax. Do your own DD, nobody here is your servant.
I called and was told I received my CIM dividends in Etrade, according to the ratio 0.0256, they will show up in the account at the end of the day.
Stocklemon to do a follow up on UCAD. That is great, thank you Stocklemon. The first report led to an increase of 30% in the pps of UCAD.
The second, I expect not less than that.
In the meantime, the owner of Stocklemon, a professional shorter, is loosing money as hell.
LOLOLISIMO.
Drill, exactly my thinking. I will do just that.
Hey Arthur, were you listening to Paltalk?
That is a "report" in your lexikon?
Good reading.
By: bill19336
18 Oct 2004, 06:42 PM EDT
Msg. 101557 of 101584
(This msg. is a reply to 101551 by hafizesh.)
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hafizesh, I know it's going to sound like a cop-out, but I have always invested using a calendar rather than a stop watch. That attitude has kept me sane in the "sea of insanity" that CMKX has become.
Basically, I decided months ago that Urban's plan has a chance of working and that the potential for gains was tremendous. I also knew we are fighting a conglomeration of crooks like the world has rarely seen. According to DATELINE NBC, our enemy is organized crime, crooked regulators, compliant brokers, an out of control DTCC and terrorist organizations. These guys have never been beaten and I'm hoping we can at least fight them to a draw. Furthermore, I certainly don't for a second expect a quick knock out by CMKX.
In my opinion, there is a lot more pain to come and I just want people to understand that. A SAD, SAD truth is that Shorty will make sure not all of us will make it to the "promised land".
Thanks much, Huck.
NO NEW FILING BY CMKX, PERIOD.
By: swmiller3
18 Oct 2004, 03:27 PM EDT
Msg. 101470 of 101491
Jump to msg. #
Here is the email I just got back from the Nevada Sec. of State.....
Dear Customer,
The current authorized shares for CMKM Diamonds Inc. is 800,000,000,000. There have been no recent filing for this corporation. The last filing was an amendment to articles filed 8/18/04 in which the corporation changed the authorized shares to what I stated above.
Thank you for contacting Secretary of State Dean Heller's office.
Michelle Kossmann
Customer Service Representative
Nevada Secretary of State
....According to this, our AS is 800 BILLION and there have been no filings since 8/18/04.
FWIW
Hey, dont ask.You will get a string of nonsense.
HUCKLEBERRY, That is interesting. I would like to see a link for that information. Do you know the OS too? All Is rather new. TIA
The truth about the rumor. no new filing!!!
The lady at Nevada S of State said that CAPITALIZATION IS AT $80,000,000. NOTHING ABOUT OS BEING THAT NUMBER. THERE YOU HAVE IT, SOMEONE AT PALTALK MESSED UP BIG TIME.
NO, CMKX PLUS UCAD.
CASP, I AM SURE YOU COULDNT RESIST AND STEPPED ON IT, RIGHT?
UCAD NUMBERS: AS, OS, AND FLOAT
braindamage
Administrator
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Re: Information request.
« Reply #5 on: Today at 11:40:15 »
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I just spoke to Chris.
She's in Colorado, BTW.
She gave me the UCAD #'s; she said she has the GEMM number written down at her office, but she wasn' there. She asked me to call her back in two hours. I plan to do that, so please don't anyone else call. I will post her GEMM numbers as soon as I get them from her.
Chris's UCAD numbers as of 11:45 EST today:
A/S: 100M
O/S: 28.5M
Float: 1.2 - 1.4M
I'll try Vicki next...
... got her voice mail. Left a message.
-BD
Ddfridd, this is awsome. Thank you very much. Great work.
According to someone in Proboards32, the MM's have closed on all three stocks (UCAD, GEMM, CMKX). It is very strange to say the least.
It looks that something is up.
Maybe there is a PR tonight or early tomorrow before market opens?
HUMMMM...
Gump, next she will complain how many bottons are in UC shirt...If more than normal, it will be a sign of a new scam...
I am eager to hear her explanations....
BILLY, LOOK WHO IS TALKING ABOUT UNPROFESSIONAL....LOL.
And you know why they say is unprofessional? Because it catches the MM's and shorties sleeping and unprepared... LOLOLISIMO.
SGGM IS THE STOCK OF THE FUTURE.
ZEN, CONSOLATION LIST IS FORBES 1000. YOU MIGHT MAKE IT. DONT FEEL BAD.
THE ATOMIC BOMB
By: ivory10113
17 Oct 2004, 05:35 PM EDT
Msg. 607484 of 607488
Jump to msg. #
200B SGGM shares is the Atomic Bomb and will be used as last resource if the NSS still refuses to cover their NS in CMKX...IMO
Gump, there is a poll going on right now at proboards32, the second one, where people are asked how many shares they own. Compared to the first poll, done over a couple of months, this one shows a whopping increase of 40% in the amount of shares owned by CMKX shareholders.
People are adding to their holdings, not selling. That is a hard nut to crack for the MM's and shorties.
Please visit this place. They have wonderful research and you will be able to find anything you want there.
It is possibly the best place for CMKX.
http://cmkxdiamond.proboards32.com/
"CMKM Diamonds is only required to raise their A/S when the number of shares they plan to issue will exceed the previous A/S."
I thought a pinky does not have any requirements like those you mention.If you can help and point where does it say so? TIA