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hundred to one,
Good boards will attract serious investors.
Bad boards get ignored.
The good thing is, after a large wave of investors came to the small markets early last year, it is now clear to many what boards are solid and what boards are dungpiles. People are now gravitating to the few good boards to get good DD, rather than try to pull a needle out of a haystack of the MANY bad ones out there. Easier to ignore them and stick to the good ones.
Doing some quiet trading here (I went all in GLKCE at .048 on Thursday, out at .09 Friday...: ) and waiting for Mach's board.
Have a good one. Bo
'sMach, I pray this outhouse survives.
Here's why...
What's does an outhouse draw??
It goes without answering. So with the consistant amount of crap drawing nothing but maggots and flies, the market that follows boards for real DD and opportunity will quickly ignore what's said here.
The more crap an outhouse can hold, the more maggots and flies will be drawn. This board is now an excellent way to shine the light on them for all to see. I am using it as a way to identify whose posts to ignore if I see them popping up on other boards.
Is this board now a waste of time?
Without a doubt.
Can we put it to use? Only the limited way I described above.
By the way Mach, I'm sure Bob simply overlooked the fact that your board became a top 10 board for reads in around 6 months, and a top 5 board in nine months. I would bet any amount of money that the "Turnip Patch" board has been around for a bit longer than that. Congrats to him that there are so many boards. However, if his attitude is so smug after losing one of his top boards, then this should tell those others who have top boards how Bob may feel about them as well.
Obviously he agrees with turning this board into another outhouse, which the CMKX board has been forever. I can't remember a time after first seeing the IHUB CMKX board that I ever even wanted click on it. I would check maybe once a week for 20 seconds and it's always the same mindless posts. It always amazed me of how many reads it got when the same empty posters kept appearing. It's slipping now and will continue to do so. There's nothing there ever worth reading.
I say to this outhouse, keep it going!! Post even worse stuff. Make it more one-sided. Make it more obvious to all that those who post here have a shorting agenda. Draw more of your same ilk out! Don't stop!!! This board will continue to be ignored and keep sinking, but I'll bank the info and use it to my advantage.
Mach, your board and proboards32 had the highest reads with the best content for CMKX DD and discussion.
Good luck, and let this outhouse stand!!
Bo
prospector, you've known me and seen me post
long enough to know I'm the last person to say 'I told you so'.
My line is and will always be, they deal the cards, play in the hand and name each bet and see every card before it's turned, all we can do is get lucky and guess right.
This is the exception.... we nailed this from the word 'go' after seeing someone post that they owned more than the o/s. So soon after the R/S and FOR DAYS ON END I was screaming from a rooftop. It is not often you'll find me not humble about something. It was good that the financial press found it so remarkable that it became their feature story last week. If you visit CMKX's proboards32 you'll see the ABSOLUTELY EXCELLENT THREAD regarding Seantor Bennett's questioning of SEC Chairman Donaldson before the Senate Banking Committee 2 days ago. He read the entire letter in his questioning. I was humbled to think that maybe part of my screaming til I had no voice, and making constant calls to the T/A on this was one of the seeds that started this incredible testimony, and now INVESTOR FERVOR over this issue.
http://cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&num=1110435592
IT IS TRULY THE MOST INFULENCIAL AND GROUNDBREAKING EVENT WE HAVE WITNESSED UNCOVERING NAKED SHORT SELLING AND OTHER ABUSES.
I STRONGLY RECOMMEND PEOPLE READ THIS THREAD AND IF YOU FEEL SO INCLINED TO WRITE TO SENATOR BENNETT OR ANY OTHER REPRESENTATIVE LISTED. AS YOU CAN SEE, MANY RESPOND. I AM SURE MANY MORE LIKE MYSELF WROTE TO HIM BUT DIDN'T POST ON THEIR BOARD SAYING THEY DID.
I'm not sure why proboards doesn't have that post pinned for at least a week. The issue is that important. It is not just a CMKX issue. It is an issue market wide as we see day in and day out. I would suggest not mentioning any one stock in your e-mail to any Senator or party listed, except if you have a specific example on any instance you had evidence that stock was manipulated.
When I swing and miss on one, I fess up. When one goes well I always hope others made out too and know the DD was good but was fortunate that the MM's allowed it to run. (Hopefully that will stop soon. Stocks shouls be able to move based on trades, not on a MM's whim). But I have to say on this one, 'Bo knew.'
Waiting for Mach's board to start. I thought I'd post here since I see some of the gang still checks in. I felt the proboards32 thread and the response we should be e-mailing to Senator Bennett and other were just too important not to post.
Good weekend all. : )
Bo
Joye...thanks!
Something's got to give here.
Again see October. Now add what is coming out on this short position.
GTG
Bo : )
ballyhoo...here is the key.
1) Your post that I am responding to. Awesome links and completelty blowing the lid off this. And....
2) ....09:42:51 5000 0.015 - OTCBB
....... 09:42:51 5000 0.10 OTCBB
This was from LETSMAKEMONEY's post I quoted from in my last post.
NOTE THESE TIMES AND THESE TRADES FROM THE DAY OF THE SPLIT!!!
This obvious anomaly has been confirmed many times, and now we see it crystal clear in your post of the 2 recent filings. And also in...
...09:42:51...
Bo
ballyhoo...
Same MM pattern of manipulation as a few trading days back last week.
Great DD! With what is now confirmed, what shares can they be trading?? Every trade they make just adds to the suspicion against them and adds time onto any sentence.
A few trading days ago they ran the price up to .059, then suddenly and unexpectedly dropped the bid almost 15%. They are trying to do the same here, running it to .049, now all of a sudden we see a bid drop to .041??? They need to let this fly or face increased suspicion every trade they make and every day that goes by.
Dropping the bid to .041???
Please, spare me. MM's, you're caught! Some of us (myself, LMM and a couple of others) uncovered this over a month ago. It's just now catching mass attention. Your first 3 trades after the reverse split were .10 and .15, then you guys either made a mistake or a calculated move to manipulate a stock like it's never been manipulated before. Here is LETSMAKEMONEY's post exposing what MM's did the day of the split! Note the first 3 trades:
_________________________________________________________________
Posted by: LETSMAKEMONEY
In reply to: lil_mini_ditka who wrote msg# 196309 Date:2/3/2005 7:43:12 PM
Post #of 227266
GLKCE-Here are all the trades the day of the split.
Time (EST) Volume Price Exchange Bought/Sold Tran/Type Legend
16:00:24 300000 0.001 + OTCBB T (F)
15:59:18 200000 0.001 + OTCBB
15:58:36 78000 0.001 + OTCBB
15:58:15 300000 0.001 + OTCBB
15:57:15 200000 0.0008 - OTCBB
15:52:57 300000 0.0009 - OTCBB
15:52:48 750000 0.001 + OTCBB
15:51:54 250000 0.001 + OTCBB
15:51:48 250000 0.0009 - OTCBB
15:51:48 5000 0.0009 - OTCBB
15:51:39 555555 0.0009 - OTCBB
15:40:03 70000 0.001 + OTCBB
15:40:03 70000 0.001 + OTCBB
14:18:18 100000 0.001 + OTCBB
14:16:33 500000 0.0009 - OTCBB
14:16:24 70000 0.0009 - OTCBB
14:13:30 70000 0.0009 - OTCBB
14:09:18 300000 0.0009 - OTCBB
14:04:21 555555 0.0009 - OTCBB
14:04:21 555555 0.0009 - OTCBB
14:04:12 5000 0.001 - OTCBB
14:01:33 10000 0.001 - OTCBB
14:01:30 250000 0.001 - OTCBB
13:58:42 250000 0.0011 + OTCBB
13:56:18 450000 0.001 - OTCBB
13:55:42 100000 0.0012 - OTCBB
13:55:24 300000 0.0012 - OTCBB
13:55:15 50000 0.0012 - OTCBB
13:53:12 100000 0.0012 - OTCBB
13:52:21 70000 0.0014 + OTCBB
13:49:15 50000 0.0012 - OTCBB
13:47:12 70000 0.0013 - OTCBB
13:45:24 250000 0.0014 + OTCBB
13:41:27 70000 0.0014 + OTCBB
13:40:03 70000 0.0014 + OTCBB
13:40:03 300000 0.0014 + OTCBB
13:39:57 600000 0.0013 - OTCBB
13:39:00 700000 0.0014 + OTCBB
13:38:33 816600 0.0013 - OTCBB
13:34:42 42000 0.0014 + OTCBB
13:34:09 116000 0.0013 - OTCBB
13:32:45 500000 0.0014 + OTCBB
13:32:15 64000 0.0014 + OTCBB
13:31:09 1000000 0.0014 + OTCBB
13:30:48 70000 0.0014 + OTCBB
13:12:27 45000 0.0014 + OTCBB
13:09:03 75000 0.0014 + OTCBB
12:03:51 403000 0.0013 + OTCBB
12:03:09 60000 0.0013 + OTCBB
12:00:39 5000 0.0013 + OTCBB
11:56:03 10000 0.0012 + OTCBB
11:55:45 100000 0.0012 + OTCBB
11:52:21 100000 0.0012 + OTCBB
11:51:51 100000 0.0012 + OTCBB
11:44:15 700000 0.0012 + OTCBB
11:42:45 555000 0.0012 + OTCBB
11:38:15 816600 0.0012 + OTCBB
11:38:09 80000 0.0012 + OTCBB
11:37:00 41000 0.001 + OTCBB
11:36:54 50000 0.001 + OTCBB
11:33:00 23000 0.001 + OTCBB
11:31:21 40000 0.001 + OTCBB
11:27:03 800000 0.001 + OTCBB
11:27:03 300000 0.001 + OTCBB
11:26:42 180000 0.001 + OTCBB
11:26:42 95000 0.001 + OTCBB
11:04:00 2000000 0.0008 - OTCBB
11:02:09 600000 0.0008 - OTCBB
11:02:03 138000 0.001 + OTCBB
11:01:30 200000 0.0008 - OTCBB
11:01:24 50000 0.0008 - OTCBB
11:01:18 25000 0.0008 - OTCBB
11:01:15 95000 0.001 + OTCBB
11:01:06 500000 0.0008 - OTCBB
11:00:30 250000 0.0008 - OTCBB
11:00:09 150000 0.001 + OTCBB
10:59:18 5000 0.001 + OTCBB
10:58:54 10000 0.001 + OTCBB
10:58:51 25000 0.001 OTCBB
10:58:51 25000 0.001 - OTCBB
10:58:42 500000 0.001 - OTCBB
10:58:42 10000 0.001 - OTCBB
10:58:39 10000 0.001 - OTCBB
10:58:36 5000 0.001 - OTCBB
10:56:54 276000 0.001 - OTCBB
10:56:27 100000 0.0011 - OTCBB
10:55:54 500000 0.0011 - OTCBB
10:54:48 2000000 0.0011 - OTCBB
10:54:06 300000 0.0012 - OTCBB
10:18:03 1000214 0.0012 - OTCBB
10:15:30 100000 0.0013 + OTCBB
10:13:03 1000000 0.0012 - OTCBB
10:13:03 9000000 0.0012 - OTCBB
10:13:03 1000000 0.0012 - OTCBB
10:13:00 2379260 0.0012 - OTCBB
10:12:42 5000000 0.0012 - OTCBB
10:11:39 200000 0.0015 - OTCBB
10:10:36 1000000 0.0017 + OTCBB
10:05:24 123200 0.001 - OTCBB
10:05:21 28000 0.0015 - OTCBB
10:05:18 200000 0.0015 - OTCBB
10:02:36 100000 0.002 - OTCBB
10:01:54 350000 0.002 - OTCBB
10:01:54 10000 0.002 - OTCBB
10:01:54 10000 0.002 - OTCBB
10:01:15 168740 0.002 - OTCBB
10:00:57 1600000 0.003 - OTCBB
10:00:18 140000 0.003 - OTCBB
09:57:18 10000 0.004 - OTCBB
09:57:18 10000 0.004 - OTCBB
09:57:06 200000 0.004 - OTCBB
09:57:00 32000 0.004 - OTCBB
09:57:00 32000 0.005 - OTCBB
09:54:33 45000 0.005 - OTCBB
09:54:15 5000 0.005 - OTCBB
09:54:12 5000 0.005 - OTCBB
09:54:12 5000 0.005 - OTCBB
09:53:33 50000 0.006 + OTCBB
09:53:18 10000 0.006 - OTCBB
09:51:00 5000 0.01 - OTCBB
09:50:48 5000 0.01 - OTCBB
09:50:48 5000 0.01 - OTCBB
09:50:42 5000 0.01 - OTCBB
09:50:42 5000 0.01 - OTCBB
09:50:42 5000 0.01 - OTCBB
09:50:39 5000 0.01 - OTCBB
09:49:57 10000 0.01 - OTCBB
09:49:57 10000 0.015 - OTCBB
09:42:51 5000 0.015 - OTCBB
09:42:51 5000 0.10 OTCBB
Bo
Joye...
I'm not a premium member. I scan so many sites on the web as well as IHUB, I'm just looking for one cool place to share DD. When Mach's board is up and running, that will be it. Til then, I'll catch you on here.
It's a shame the One Step Board even still bears that name. It's nothing more than an outhouse for those who short stock's or support MM's or Hedge Funds that do. I see some of the gang still trying to post, but I'd bet they are as anxious for Mach's board to get up and running as I am.
Bo
Cool Joye. Thanks!
XTME - On the move with news.
11m o/s
PRFN - On the move.
It's anyone's guess as to why.
Bo
Just on radar for now Joy. But another low floater
that did well for me last week.
Bo
Joy, EVO also called GLOV 800K float. Oustanding revenues!
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=3283632&doc=1&total=&back=2&...
Watch it for an end of day rocket.
Bo ; )
madcow, I think EVO called it. Good find on his part.
It's a gamble on what moves even at a low float. CHNR eveidently had the right dynamic for it to move and not be frozen out.
Bo
CHNR exploding on nothing.
Rising only because someone called it on another board. Very low o/s is what's moving it.
Joye, good to see you. Your BIPH has
certainly been one to watch this past week.
The more I look at the past 6 months news for CGHI, the more I like them. I especially like the news that has been out this month.
What does your chart analysis indicate here? Look at their chart for the last year and the level this thing is at now with all of the news that has recently come out.
Thanks Joy. : )
Bo
JustG and kil, CGHI DD
On June 21, 2004, CHGI's o/s was 49,063,750.
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001218396%252D04...
Now look at a 1 year chart to see where they were priced. ~$1.30!
_________________________________________________________________
On February 12, 2004, CGHI's o/s was 46,758,750
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001218396%252D04...
Now look at their price on Feb 12, 2004. ~$3.50!!
_________________________________________________________________
I would say there's upside here.
Bo
kilauea,
No buddy, it isn't. So many on other boards refer to the NSS problem. But illegal trading tactics go well beyond that day in and day out. It's to been seen what exactly we are seeing here after such strong early volume.
This news caught them by surprise. This is a pattern readily seen. JustGambling is small proof of that.
The good thing about this one is the low o/s, recent finds and their conservative fair value prior to their platinum news.
Hang in there, it could well be they were just trying to get shares to make a market. With many buyers wanting in, this is sometimes a very good sign especially on such strong news.
Bo
CGHI,
Seeing the first 'freeze trading and strong arm the bid back' technique within 1 minute from my call. Volume was heavy and constant until then.
Use it as a great time to consider entry. The last 2 trades totalled only 8,000 shares, after 448,100 traded before this. Very clear they were out of shares and likely denying buys and trading among themselves to artifically make it look like the price is stuck.
CGHI, $305 million platinum find!
54M o/s.
Conservative fair value of company $75 million = $1.40 share.
Does not include platinum find!
Currently at .40
http://cbs.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1405858&guid=%7BE8E7....
prospector, that's why...
...I posted what I did last night. This board was the 'One Step Ahead' board when Mach and make_me_money ran it.
Very quickly the floogates were open to make this nothing more than the "Short Sellers and Hedge Funds" board. People do not spend time bashing stocks as 99% of their posts unless they have they are affiliated with organizations which legally or illegally short stocks. Period.
I will definitely be on Mach's board when it's up and running and will offer my help in any way he needs.
Until then, I'll still be looking for picks and sharing info on 'Breakout Trading' and 'BB Penny Haven'.
Have a good Monday buddy,
Bo
Mach, please e-mail me if you need any help in
your new endeavor.
I'll be posting only on Breaking Out Trading and BB Penny Haven until then.
Thanks for the great run here.
I'm sure we'll see all of the gang again and many other good posters when you're up and running.
Bo : )
ski, lemme guess...
Sprained ankled or not, tomorrow the kids will be saying "daddy we're ready to go the slopes again, let's go!".... and you'll already be suited up and ready to go.
Keep those icepacks ready. You'll really need them tomorrow night.
As for CMKX, in a nutshell I believe in the company's potential and it's current leader.
Take care, Bo
TigerCat,
Thank you.
I stand by the posts, and at least someone else sees the reality of the contingency needed to punish wrongdoer's and turn this company around. The full discussions are in my other posts today. We have been subject to the total incompetance of prior leadership. The only thing they were very good at was misleading investors in dozens of ways and diluting billions of shares lining their pockets with well over 100 million dollars, investing very little back into their primary business. Again I'll say, CMKX has great potential and I believe the authorities know this. However, before Mr. Mehue came on board, prior leadership WASTED this potential and instead, we were being taken on a rose colored downward spiral.
Two examples were telling people they were retiring shares (not true 703 billion times over), and UC telling people to their face to hold their shares (so the price would stay high for him to profit greatly during his dilution effort). The list is very long and don't wish to rehash what most of us should have fresh in their memory of last year's circus. the list could span well over a dozen.
So much of what is being discussed should be confirmed easily, then maybe others will see more of what we are saying about prior leadership versus current leadership, and why Mr. Mehue became involved with CMKX. If he was not friends with UC or any of his pack, then I believe our thoughts won't be ignored. People tend to pile onto the hot topic which usually involves some point which in reality will take care of itself.
That's cool, I'm used to seeing it. Once some facts are easily clarified, the question to why Mr. Mehue became involved will come up in discussions again. I don't think our thoughts are off the mark at all IF there was not a prior relationship. A request by the SEC for Mehue to enter the picture, help the authorities uncover any wrongdoings by prior management and MM's, and lead CMKX from here because it is the best way to protect investors is the best outcome for all involved if no prior relationship existed. We'll know soon enough if sanctions or worse are dealt to prior management as a result of this or any expanded investigation and Mr. Mehue stays in place.
As long as Mr. Mehue stays at the helm, I'm happy.
Bo
Mach, good post. Quoting from your post:
"CMKX if you truly have the goods stop the screwing around hit em with every gun you have!!!"
CMKX fired the first shot 30 days ago upon announcing Robert Mahue as co-chair of the company. Every quote from him in the pr's are shots being fired because he is backing them up with action. The decisions and efficient action to bring CMKX to reporting compliance along with his words are shots being fired. Each time he has let the opponent rise to his knees thinking they can get up again and another shot is fired taking them down. MM's had only one shot in their barrel left and they used it. However Mr. Mehue was just starting and has more in his arsenal where that came from.
Again, I'm seeing a bigger picture here that may be outside the box, but the contrasts are night and day. Prior to Mr. Mehue what did we see in prior management's use of resources, communication, leadership, actions, honesty and words said and put out in pr's versus the events and action that followed? A company that was not straight with us, who's actions NEVER matched their words and a lack of professionalism and execution in everything I mentioned, and beyond. The list isn't needed I think we can all remember many circumstances, events and pr's that appeared questionable and unprofessional.
However, the important thing to remember is that people that run companies are not the corporation themselves by definition. They make up the leadership but a corporation is an entity on its own and in cases where stock is issued, is owned by the shareholder's.
As we have seen in business history, corporate crime of individuals does not stop the operation of the corporation.
I am not saying leadership prior to Mr. Mehue dealt in illegal activity, but the circumstances of what we have seen and now know with 703,000,000,000 shares being sold into the market from .001 all the way down to .0002, sure made prior leadership and friends one hell of a lot of money. The activity of prior leadership of CMKX can certainly be brought into question of whether illegalities were committed.
Are the MM's innocent here? If they in anyway used illegal trading practices to manipulate trading or the share price, then hell no!
So we as shareholders in good faith placed our money and trust into a company, and all we got was squashed in the middle of a head on train wreck. On one side we were being bombarded with 703,000,000,000 billion shares with very little to show for it, and on the other side was the possibility (most say likelhood) MM's were NSS'ing and cellar boxing us to death. No wonder our heads hurt from this stock sometimes. 'Hey buddy, did you get the number of the 2 trains that just pancaked me?'
I know this goes against a very strong stream of thought, but I see Mr. Mehue as a catalyst (for whatever reason he is there - see my previous posts today) to clean house and take no prisoners. If MM's and prior leadership are flushed as part of that cleaning, so be it. THE COMPANY CMKX has potential. Prior leadership and MM's were leading 50,000 to 80,000 down a slippery slope, and if it would have been allowed to continue, those number may have grown this year with no change in leadership and same lack of results.
Again like I said earlier today, Mr. Mehue is on board for a reason. Whatever that true reason is or what entity asked him to become involved, I haven't a clue but I'm glad he's there.
If you ask me if I believe CMKX has a lot of potential as a company, the answer would be YES.
If you ask me if I prefer Mr. Mehue solely lead this company into the future even if it means ousting prior leadership & bringing MM's into line versus what we saw before, there isn't a ounce of doubt in my body what my answer would be.
Bo
Just so it's clear.
When I said:
"2) He was asked to get involved."
and
"If CMKX has true potential, then a most viable option other than putting CMKX out of business and face what I described above, is to intervene and right the ship.
Enter Mr. Mehue"
I hope it was clear that if there was no prior friendship or relationship with UC et al, then it was the governing bodies who persuaded Mr. Mehue to become involved. Certainly he's a rare man who has been well connected in both government and business. Doing this helps expose any wrongdoings here and establishes real leadership for CMKX, versus the SEC putting CMKX out of business, hurting 50,000+ investors and incur the staggering costs and publicity of any civil action that would follow.
If I'm the SEC the better option is to punish the wrongdoers and insert real leadership for a company that does have potential as opposed to the consequences of ordering it belly up.
I just wanted it to be clear in my post WHO I felt would be asking a man of this reputation to become involved and why if no prior friendships existed.
Regardless, it's good for us that he's now running this operation.
Bo
Deeper Thoughts
Make no mistake, I'm interested in the thoughts and opinions of people about 703B number, the 'what if's' and NSS issues. However, I have this sense the number is what it is, and in light of the SEC investigation Mr. Mehue wanted that number public to put it behind us. The evidence of this fact was putting it out in a pr even prior to filing a formal report with the SEC. All of the discussion on semantics and what ifs will be put to rest Monday morning. I have no doubt that if the 703B is the o/s 'period' that his orders will be for the T/A answer the question and put speculation to rest.
One question we have asked in the past is still to me is THE MOST IMPORTANT question out there:
Why is a man of Mr. Mehue's status, connections and historic place in the world of business and finance involved in CMKX?
I humbly offer the following:
I cannot get past this sentence in the pr, which certainly seems like a quote from him directly,
"The primary mission of the SEC is to protect investors and maintain the integrity of the securities markets."
Mr. Mehue came on board either for 2 reasons:
1) He knew UC previously or someone in the CMKX/USCA/GEMM/SGGM circle and was introduced this way. I find it hard to believe he did, but if so he is doing one hell of a favor for a friend by putting his reputation on the line here to clean up UC's mess and save his behind. Prior to his appointment last month, this company of great potential was not only being mis-managed but we were being taken down the garden path while they got rich on our backs, which is very disturbing. So if there was a prior friendship here, then my second reason is moot.
If there was no prior friendship, then...
2) He was asked to get involved. Please read his short quote above again. Some may think what I will describe in this point is thinking out of the box, but it's not. I was humbled to sit in the highest level planning meetings for one company, and also saw how middle management got things done in both companies I worked for. Guys, this is exponentially bigger than that of course, so the following possibility remains. Imagine you are a governing body, seeing the biggest dilution effort in history and the gross mis-management we saw. Some might even say it was clownish. On the other side of the coin, 50,000 investors placed money and trust in a company with real potential. You have trust and potential being destroyed and abused by dilution and mis-management.
If CMKX has real potential but has been subject to illegal management practices deceiving investors, I believe after all options were weighed, you need to right the ship and ensure full disclosure to punish any past wrongdoers. Punishing any wrongdoers was always on the table, but the decision to turn CMKX around versus putting it out of business was their second concern. The complete loss of money from 50,000-70,000 investors would come at a great cost of any single, combined or class action suits against management, brokerages, the DTC and the SEC themselves. Not that any one party would be guilty (management would more likely bear the guilt beyond the others) but in civil suits you can name your 3rd grade teacher as a defendant if you want to. Thus even though brokerages, the DTC or the SEC were not guilty of anything, their defense costs would be staggering, plus all the negative publicity that would result. Lastly, read the small quote again. If CMKX has true potential, then a most viable option other than putting CMKX out of business and face what I described above, is to intervene and right the ship.
Enter Mr. Mehue.
Both the first scenerio or second is of great benefit to us, no matter how rotten the past has been. Don't forget that. Just be glad he is on our side. : )
Good Saturday all,
Bo
Thoughts...
Four things that we need to prepare ourselves for or be aware of now:
#1 and #2 - Let's Be Prepared.
1) "CMKX anticipates a formal request for documents to be issued by the SEC in the near future."
So let's go in with the hope that matters can be resolved in 2 weeks, but keep this statement from the pr in mind so no one panics in 2 weeks if it extends beyond this. This quote is certainly fair warning for us.
2) Such a large part of tonight's discussions across the boards focus on the 703 Billion o/s, the 2032 shareholders and the word "excluded". Guys, it's worthy discussion but I'm not sweating it. This can so easily be clarified by a simple phone call to the T/A or Andy on Monday.
If such a phone call confirms the 703B is the total o/s for EVERYBODY and that the 2032 shareholders listed is comprised of Cert Holders and Brokerages that hold all of our shares in street name, then the 703 Billion figure is what it is.
If this simple question leads to a 'no comment' reponse or they tell us there is indeed more information to come about the share structure...then it will be time to get interested in this issue and hope they clarify it soon. But only if they respond this way to a Monday phone call could matters be contemplated such as NSS or low float.
For right now, I'm not stressing about it either way when it can be clarified on the phone Monday morning.
________________________________________________________________
#3 and #4 - Be aware of Mr. Mahue's capability and focus.
3) Mr. Mehue is sharp and VERY aware of compliance and credibility.
"The primary mission of the SEC is to protect investors and maintain the integrity of the securities markets." Consistent with this mission, Casavant specifically engaged Robert A. Maheu to assist CMKX in its compliance efforts. "Like the SEC, protecting our investors is a primary concern. We have been aggressively gathering the essential information needed to comply with our public disclosure obligations and anticipate working with the SEC to ensure our compliance with all federal regulations," stated Maheu, co-chairman of CMKX."
Translated, he's on top of it and knows what needs to be done to cooperate and comply with the SEC.
4) Mr. Mehue shows focus and leadership that is front and center, even during this period. Successful businessmen remain focused and are ALWAYS moving forward regardless of circumstance!
"We are not letting these regulatory matters impede our primary focus of creating stockholder value through the mining and development of our mineral assets," stated Maheu. CMKX is continuing to search for additional property claims in Canada and monitor its holdings in Ecuador."
He came aboard when this ship was taking on serious water folks. So far I am very impressed with how he has faced these tough issues head on. He's getting them out in the open where they needed to be and showing his desire to grow this company through focused approach and FINALLY bringing bold, no fear leadership to maximize the opportunities and value of CMKX.
I'd give up a lot to have an hour of his time.
Nite all,
Bo
Pullmyfinger, I'll make you a promise.
I'm going to head out with my sweetie for a nice dinner, some drinks then to a friends house for cards with a Mich Ultra only a refrigerator away.
If I respond tonight, I might have a lot of thoughts about a lot of things...LOL
j/k I always pace and never to excess. In all seriousness if I don't respond tonight, I'll try to tomorrow.
In a nut, in business you have to ALWAYS move on and look ahead.
NEVER DWELL on the past but ALWAYS learn from it.
I'm already wanting now to see the important things BIGTIME: CMKX's current value, growing the business and retiring shares.
What's was done in the past was rotten as it gets. We're all here because of the great value potential in diamond, uranium and gold mining claims, and we're in at .0001/.0002.
Mr. Mehue is clearly at the helm. What you're feeling this evening is this ship starting to turn around.
Later gators,
Bo
kkgd, I see what your saying. Here's the quote:
"CMKX currently has 703,518,875,000 shares of common stock issued and outstanding to approximately 2,032 stockholders of record (excluding shares held in "street name")."
Here's my thought before I head out for a fun Friday night.
I'm thinking the 703+Billion includes EVERYBODY. I could type out a long reason why...but it's Friday and I'm really ready to let loose for a bit. lol
Previously leadership (UC et al) diluted the snot out of this and got rich off of us. I am thinking that the last 30 days of Mr. Mehue's leadership is a preview of what's to come. It's all about growing the business, learning the tradable float and retiring the shares to the treasury as much as possible over time. I believe this man understands this. Previous leadership obviously did not. Quite frankly, that sucks BAD.
But here is hoping what we have seen under Mehue is a new day where CMKX emerges like it should have long ago.
Later all,
Bo : )
Remember, the tradable float is also a very key
component to this discussion.
Have a good weekend all. : )
Bo
O/S cofirmed in pr 703 billion.
There, it's out.
Now it's time to build growth from here.
Market cap is $70 million at .0001 and $140 million at .0002.
Now it's time to reveal value and potential so the company's true value can be reflected in the share price.
Love it or hate it guys, like I said before credibility is being established here inside of 30 days, where it lacked previously.
Our focus now can be on value, which will play the key role in our share price.
Mr. Mehue is again showing himself a man of action, and one who means what he says.
Bo
CMKM Diamonds Comments on Temporary Trading Suspension
Friday March 4, 6:23 pm ET
LAS VEGAS--(BUSINESS WIRE)--March 4, 2005--Commencing at 9:30 a.m. EST yesterday, trading of the common stock of CMKM Diamonds Inc. (Pink Sheets:CMKX - News) was temporarily suspended by the Securities and Exchange Commission ("SEC"). This temporary suspension will expire on March 16 at 11:59 p.m. EST and trading in CMKX is anticipated to resume on March 17, 2005.
In its reasoning, the SEC stated it had concerns over the adequacy of publicly available information concerning CMKX's assets and liabilities, mining and other business activities, share structure and stock issuances, and corporate management. Further, the SEC was concerned that CMKX may have unjustifiably relied on a Form S-8, filed in May 2003, to issue unrestricted securities and that CMKX and/or certain of its stockholders may have unjustifiably relied on Rule 144(k) of the 33 Act in conducting an unlawful distribution of its securities that failed to comply with the resale restrictions of Rules 144 and 145 of the Securities Act.
CMKX has been in discussions with the SEC in relation to the SEC's inquiry into another public company that has done business with CMKX. In this process, CMKX has provided the SEC with substantial documentation, much of which spans back to transactions and stock issuances in 2002. It is believed some of the information provided raised concerns with the SEC sufficient enough to cause this temporary suspension of trading. CMKX anticipates a formal request for documents to be issued by the SEC in the near future.
"The SEC did not provide us with any notice of the temporary trading halt," stated Urban Casavant, CEO of CMKX. "This was an unwelcome surprise, especially since our counsel has had ongoing dialogue with the SEC."
According to the SEC's Web site, www.sec.gov, "The primary mission of the SEC is to protect investors and maintain the integrity of the securities markets." Consistent with this mission, Casavant specifically engaged Robert A. Maheu to assist CMKX in its compliance efforts. "Like the SEC, protecting our investors is a primary concern. We have been aggressively gathering the essential information needed to comply with our public disclosure obligations and anticipate working with the SEC to ensure our compliance with all federal regulations," stated Maheu, co-chairman of CMKX.
"We are not letting these regulatory matters impede our primary focus of creating stockholder value through the mining and development of our mineral assets," stated Maheu. CMKX is continuing to search for additional property claims in Canada and monitor its holdings in Ecuador.
On Feb. 17, 2005, CMKX filed an amended Form 15 to reinstate its reporting obligations under the 34 Act. SEC regulations require CMKX to file, within 60 days after the date of the filing of the amended Form 15, all reports which would have been required had the original Form 15 not been filed. CMKX has not been provided a waiver, "variance" or any other relief by the SEC for complying with the 60-day requirement. In fact, due to the overwhelming number of reports that need to be filed, coupled with the necessary financial statement preparation, CMKX will not be able to comply with the 60-day requirement. Management does not believe the filing of the amended Form 15 had anything to do with the SEC's decision to temporarily suspend trading in its common stock and continues to aggressively do everything within its power to comply with its 34 Act reporting requirements.
With its reporting status reinstated, CMKX anticipates filing a number of significant corporate updates with the SEC in the upcoming weeks on Form 8-K. Investors and stockholders are encouraged to review these forms as they become available through the SEC's EDGAR database.
The SEC's Web site further discloses, "The laws and rules that govern the securities industry in the United States derive from a simple and straightforward concept: all investors, whether large institutions or private individuals, should have access to certain basic facts about an investment prior to buying it." Casavant reiterated, "We understand the importance of supplying accurate information to the public and have made it our top priority to uncompromisingly disclose all material corporate information as soon as it becomes available."
Consistent with CMKX's continuing efforts to furnish the investing public and its stockholders with current information and to quell any inaccurate rumors, CMKX has disclosed certain corporate information pertaining to its operations and corporate structure. Of the 800 billion authorized shares of common stock, CMKX currently has 703,518,875,000 shares of common stock issued and outstanding to approximately 2,032 stockholders of record (excluding shares held in "street name"). In addition, effective March 1, 2005, CMKX has relocated its executive office address to 5375 Procyon St., Suite 101, Las Vegas, NV. Lastly, CMKX's current officer is Urban Casavant (CEO/President/Secretary/Treasurer) and current directors are Urban Casavant and Robert A. Maheu (Michael Williams will join the board of directors upon CMKX's obtainment of D&O insurance).
Investors and stockholders are being asked to please refrain from contacting the company, the SEC, NASD, the Transfer Agent and/or Stoecklein Law Group to allow them to focus on completing the tasks at hand. All corporate updates will be made in press releases and filed in current reports on Form 8-K as they become available.
CMKX also would like to repeat the SEC's statement of, "At the heart of effective investor protection is an educated and careful investor" and encourage its stockholders and other investors to visit the SEC's Web site (www.sec.gov), which offers the public a wealth of educational information.
Forward-Looking Statements
This press release may contain statements that constitute "forward-looking statements" as defined under U.S. federal securities laws describing the reinstatement of CMKX's reporting obligations and the expected impact of these obligations on CMKX's operations. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "establish," "project" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are based on current expectations and assumptions that are subject to certain risks and uncertainties that could cause actual results to differ materially from CMKX's historical experience and its projections. Such forward-looking statements are inherently uncertain, and actual results may differ from those expressed or implied in the forward-looking statements. Consequently, readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date they are made.
CMKX's actual results could differ materially from such forward-looking statements because of factors such as: impact of the temporary halt in trading on CMKX's stock price; impact of the halt on CMKX's operations; uncertain further regulatory scrutiny; the current state of operations; unavailability of documentation and corporate records; changes in the number of outstanding shares of common stock and number of stockholders of record; the impact of failing to meet the 60-day filing requirement; timing necessary to comply with reporting requirements; lack of adequate internal controls; unforeseen capital deficiencies; unavailability of insurance; changes in the mining and metals environment, including actions of competitors; the effectiveness of CMKX's development and drilling programs; regulatory and legal changes; and other risks associated with companies in similar industries. CMKX undertakes no obligation to publicly update or revise any forward-looking statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
--------------------------------------------------------------------------------
Contact:
CMKM Diamonds Inc.
Andrew Hill, 306-752-3755 or 877-752-3755
cmkxir@mail.casavantmining.com
hotlink & madcow nice.
Speaking of ultra low floaters, what are your thoughts on ELTK?
Currently at 1.609.
5 million o/s, revenue $20.1 million for the first 3 quarters in 2004, nearly at breakeven. Moves nice on light volume.
Right now it seems to be a sleeper ready to wake up.
Thanks for any input.
Bo
Here's your answer DVD:
http://www.sec.gov/answers/insider.htm
I strongly believe that it applies to all stocks trade on any and all of the American exchanges.
Bo
ric, Joy is very cool and said nothing wrong.
She simply pointed out something which is also happens to be a board rule.
Bo
ELTK, Sleeper Du Jour.
ELTK vs SIRI
ELTK @ $1.61............ELTK's O/S = 5.49 million shares!
SIRI @ $5.74............SIRI's O/S = 1.26 BILLION shares!
_________________________________________________________________
Revenue for the 3 previous reported quarters:
1-1-04 to 9-30-04
ELTK - $20.1 million
SIRI - $42 million
_________________________________________________________________
Net loss from 1-1-04 to 9-30-04:
ELTK - ($1.7 million)- an 20% improvement over 2003
SIRI - ($450 million) - worse than 2003.
_________________________________________________________________
SIRI's o/s is TWO HUNDRED AND FORTY times the size of ELTK. 240!
So let's project ELTK's market value here...
First, note ELTK is trading at a market cap WELL under their annual revenue base. It's safe to assume ELTK's annual 2004 revenues will come b/w $25 million-$30 million, and pushing closer to break even.
I'm going to show conservatively what ELTK's market value should be by using SIRI's share price, known fundementals shown above and market emotion.
Siri is at 5.74. ELTK's revenue is 47% less than SIRI's. Thus based on this fundemental factor, if SIRI had the same revenue as ELTK, we could expect the price to be $2.69/share with their current 1.26B o/s.
Let's get serious about making this a conservative valuation. Some would say, 'ok Bo, but you know as well as I that SIRI is a market darling and it's price is largely based on that'. My response is 'Absolutely true, I couldn't agree more'.
So for valuation purposes here let's take out 99% from the price, you read that right, reducing the $2.69/share by 99% which we'll attribute to SIRI's popularity. Let's all agree that this is a maximum amount and certainly going 'overboard conservative', but were going to do it. $2.69/share x removing any and all exposure, interest and popularity (.01) = .0269/share.
We can say then, SIRI's price with all the above characteristics of ELTK factored in and SIRI's current 1.26B o/s level is .0269/share.
So in reality, to translate ELTK's price in relation to SIRI:
.0269 x 240 = $6.45/share
The 240 is how many times larger SIRI's o/s is in relation to ELTK.
The above was using 2 confirmed fundemantel factors (revenue and o/s) and 1 ultra-consertative market emotion factor to arrive at this price.
Oh yea, I'm sure you noticed I didn't even include the fact that SIRI's bottom line is 264 times worse than ELTK in my valuation.
In sum ELTK has a very low float, move strong on light volume and currenty is undervalued. You only have to look as far as the market cap versus revenue stream as well as considering the above. Look at SIRI's and other companies ratio, then look at ELTK's ratio. I see upside here.
Bo
bobbrainey, we were all over GLKCE at .006 here.
I think I lost my voice shouting from the porch roof about GLKCE early last month. Good to see newswires taking notice with a strong article.
GB is sharp with his main trait being able to dig deep at the details, especially SEC security issues. I believe he came in after the major run and our discussions here, but he did indeed draw the same conclusions.
Buys are at the ask for GLKCE which still is at a nice level. If that sticky bid gets loosen, it could get very good.
I haven't seen you post here. Great first post, keep em' coming! The more new posters the merrier. A bunch of us come up with good emerging plays on occasion. : )
Bo
ETLC, MRKL & ELTK all nice today.
bobbrainey, nice find on GLKCE.
GLKCE- one man bought the float!
From the 'One Step Ahead' board,
Posted by: bobrainey300
In reply to: None Date:3/4/2005 10:54:45 AM
Post #of 33352
GLKCE- one man bought the float! Help punish the MMs and buy a little of this stock please, lol. (I have 13910 shares at .035)
Ripley, Believe It Or Not: 70M Shares Trade After Michigan Man Puts Them All in Sock Drawer
(financialwire.net via COMTEX) --
March 4, 2005 (FinancialWire) A Michigan man, Robert C. Simpson, who claims to have acquired 100% of the issued and outstanding stock of Global Links Corp. (OTC: GLKCE), if true, is likely to become the poster boy for those opposed to illegal naked short sales.
Illegal naked short sales have mostly victimized small companies such as Global Links, but has also been cited as problematic for large companies such as Martha Stewart Living OmniMedia (NYSE: MSO), Krispy Kreme Doughnuts (NYSE: KKD) and Overstock (NASDAQ: OSTK), whose CEO is said to have helped write a national ad on the subject in the Washington Post directed to President George Bush.
Simpson filed a U.S. Securities and Exchange Commission Schedulce 13D ( http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3299823) on February 3, showing his purchase of and sole voting power for 1,158,209 shares of the corporation.
Yet, here's the rub:
The day after Simpson purportedly stuck every last corporate certificate for Global Links in his sock drawer, the company traded 37,044,500 shares. The next day it traded 22,471,600 share. Thursday it traded 199,616.
Simpson is said to have gone back to his sock drawer, and despite the fact that a sock or two, as is always the case, were missing, all 1,158,209 Global Links certificates were still there.
Observers are asking where those other millions and millions of certificates are therefore coming from.
Hmmmmm.
The San Antonio Express-News raised the question this week as to how Congress could seriously consider placing Social Security into what it inferred is a "mess."
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MRKL
Called this when it was ~.81 and it trades at .44 today.
For the life of me, I have no clue why. I loved this company when then and that has never changed. The news the put out is substantial time and time again!
At least as far as a financials are concerned, my interest in them is justified. See today's news. Look at their revenues companred to last year (Up 800+%). Look at recent news.
.44 sure looks good to me.
Bo