"Wise men learn more from fools than fools from the wise"
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So many pennies have been CRUSHED..........
WOW....I bet the average penny player has lost over 65% of their portfolio value in pennies.
I know I have...
Anyone becoming a little pessimistic on CMKX, or is the optimism still flying???
Really scratch my head and wonder how this can ever move when 95% on the ask occurs day after day and ZERO price movement.....
Anyone?
WHEN WILL THE .0004 MYSTERY BE REVEALED????
I can't believe no one has been able to uncover the mystery of the .0004 wall.
Day after day, 95 - 99% at ask and not even a sign that this is nearly over.
Anyone care to guess the day it breaks (either below or above) and a PR explaining what the heck has been happening here??
WHEN DO WE FIND OUT THE REASON FOR THE .0004 WALL??
ANYONE CARE TO GUESS WHEN AND WHAT IT IS???
SMADDUX....CAVEAT EMPTOR ON MELVY LINGUS!!!
In my opinion, Melvy needs a muzzle. Nothing worse than getting the shareholders hopes up only to be let down by a PR that doesn't state something like a $1.00 dividend.
I've seen it way too many times, if the company doesn't deliver in spades now, I can see the uproar on the CMKX streets already.....................
I don't take a thing he says seriously.
I will await an official PR before "I am very happy!"
Owclar...there is no proof.
There is one of 3 things going on however, this is obvious. For many days now, about 95-98% of the volume has been on the ask side and the price has stayed the same. Logic and basic economics dictate that something is wrong here.
In order for the price to remain constant, supply should equal demand.....hence, supply is coming from somewhere.
There are 3 scenarios that could explain what is occurring here, and in my mind, these are the only 3 possibilities. To date, NO ONE has convinced me which one is occurring. We are merely surmising. Here are the possibilities that lend credibility to the "artificial" supply....
1. The MM's continue to naked short
2. A seller such as Urban or another retail/institutional investor continues to dump shares (either Urban directly or an institutional investor that may have invested $$$ in a PIPE or other convertible which has led to massive dilution) OR
3. CMKX themselves are dumping shares into the float
If you believe the company's past PR that said they are retiring shares, you should throw out number 3. If the company was retiring shares (say 1 billion) but dilutes by 200 billion, even though the release may be technically accurate, it is certainly misleading and legally, is shaky at best.
That leaves #1 or #2 as your possibility.
I don't like that the company has not been forthright with the O/S. However, I remain confident strictly because Roger Glenn is acting counsel. Being a big firm attorney in my recent past life, I do not think a firm of this stature would perpetrate a fraud. If Roger Glenn didn't know what was happening when he took a retainer, he certainly would know right now after being involved. The fact that he remains as counsel gives me more and more confidence every day that this one is for real.
YOUR CALL AS TO WHAT IS HAPPENING. ANY CONCLUSION IS MERELY A GUESS RIGHT NOW!
MY OPINION IS NAME BRANDING.......
I believe they are doing this to continue to spread the CMKX name as a form of branding.
As the card will be used by shoppers, the CMKX card will be more and more recognized and hence, spreading the word about CMKX diamonds.
My guess is that Urban intends on branding the CMKX name in several different areas, and this is a way to advertise, and maybe make a few bucks doing so.
I'm not sure I agree with these side ventures, but I am fairly confident that this venture is Urbie's way to try to brand the CMKX name and spread the word for the diamonds to come!
JMO...................
Getgreen...
That post was to indicate the size of my current portfolio.
This round has been worse than the market crash of 3 years ago.
I have lost more $$$$$$$$$ that one can imagine.....
YUK!
CMKX is now my hope to redemption....go you little POS!
Gody, does this apply to PINKSHEETS??
Just curious...
HOW DO YOU GUYS DO THIS?????
How does everyone here not go insane talking about the same thing, EVERY SINGLE DAY, every hour, every minute, of every working day.
Has to get a little repetitious and boring, doesn't it???
Without a news release, how much can one talk about O/S, scam, hype, and the same stuff all the time.
I need to put the majority on IGGY here.....its simply incredible.
I'M GONNA START A NEW SUPPORT GROUP...CALLED THE CMKX IHUB ADDICTED ANONYMOUS CLUB (CIAA)....WHO WANTS TO JOIN???
Yes Duck...Unfortunately, YES. - eom.
Duck...I called OTCBB/NASD.
Got confirmation that the info was asked by the OTCBB/NASD directly to Roger Glenn and that Roger emailed the information back to OTC.
I was hoping it was an unsolicited phone call from a fraud shorter to OTC. Unfortunately, that is not how they got their information.
CALL IT..STRAIGHT FROM THE WEBSITE
SORRY I MIXED UP 01 for 10!
SORRY FOR THE WRONG NUMBER..MISTYPED
301-978-8263.
VERY SORRY
Phone number...
Ask for dividend department.
I spoke with two ladies over there.
I wanted to make sure the email address they received the info from was an edwards and angell address. Unfortunately, they said yes.
*****NOT GOOD INFO******
I just called up NASDAQ to get clarification on how they received these numbers.
NASDAQ had sent Roger Glenn a list of questions (undisclosed) and NASDAQ received answers to them by way of Roger Glenn's law email address.
I wasn't hoping for that response.
UGGGGGGH. Now what???
More info from PINKSHEETS.COM
I also inquired besides the dividend date about the actual dividend itself.....
Here's my email and response:
-----Original Message-----
From: xxxxxx@aol.com [mailto:xxxxxx@aol.com]
Sent: Wednesday, August 04, 2004 1:59 PM
To: info@pinksheets.com
Subject: CMKX INQUIRY
Can you please tell me where you got your information regarding the UCAD dividend and the fractional share amount per UCAD for every 1 CMKX share.
If it was received by their attorney, can you indicate whether the information was given in writing or oral, and whether it was verfied???
THANKS
______________________________________________________________
Pink Sheets picks it up from Nasdaq: http://www.otcbb.com/asp/dividend.asp?sym_id=CMKX&dDate=08/20/2004&sDateType=Record_date
Liz Heese
Issuer Services
Pink Sheets, LLC
212-896-4426
HOWDY....THANKS...DID ANYONE RECORD THAT???
I am interested in receiving this log.
As a spokesperson for the company, if in fact the 480 or so billion O/S is true, Melvy and co. will be in a world of hurt.
I have no reason to doubt Melvy, so I am staying long and strong.
I find it odd that Roger would contact websites and not PR the O/S. I would expect a public filing before that would happen. Yes, I know BASHING SCUM, they don't need to file YET, but if they are becoming fully reporting as said in PR, now is the best time to do so.
I THINK ITS TIME FOR THE COMPANY TO PR THE FOLLOWING:
1. Either confirm the O/S
2. Or deny the number being circulated.
This is a major enough "RUMOR" that requires an official response from the company. While the company should not feel obligated to respond to every rumor, we do have two fairly reputable websites intimating an O/S, which is VITAL INFORMATION, to all shareholders.
I suggest writing or contacting Urbie or Melvy if you feel the same. I have done so already. Awaiting responses back.
****IMPORTANT INQUIRY*******
Has Melvy confirmed or denied the 482 bil figure on Paltalk yet???
Very interested to hear answer.....
FUNG...ARE YOU FREAKIN' KIDDING ME???
You are comparing Gusrae, Kaplan & Bruno to Edwards & Angell??
DO SOME FREAKIN RESEARCH BEFORE YOU START SPEWING SUCH BS ON HERE.
You are comparing a 10-15 attorney firm to a National Powerhouse??
YOU ARE ON IGNORE NOW.
THESE FREAKIN BASHERS ARE ON HERE 24 HOURS A DAY. GET A LIFE! STOP TRYING TO PROTECT THE INNOCENT AS YOU SAY!
I FEEL POINT OF INFLECTION COMING SOON....
I think CMKX must reveal O/S soon. Too many rumors now floating about. If this company wants to fly straight, I feel they owe the shareholders the truth about O/S.
Keeping my fingers crossed and hoping for a miracle!
****A LONG WHO KNOWS URBIE OR MELVY WELL PLEASE DO THIS*****
A long who knows Urbie or Melvy well should contact them and inform them of the otcbb.com fiasco. The request should be made to them that either:
1. they confirm the O/S by way of PR
or
2. they demand otcbb.com to retract the share count on their website IMMEDIATELY.
I have no pull with either, otherwise I would do it myself.
JUST THOUGHTS!
Incorrect FUNG.
Don't know if they are part of the O/S.
How about if they were mythical shorted shares as hinted at????
You are not necessarily correct!
Oh yeah...revision too...
If Urban's share count is a result of a short position, the number is only 35 billion more.
So that's more of a reason to doubt the huge number.
Why does the number right now have to be over 75 billion??
When the transaction is completed, YES, it will definitely be more than 75 billion. BUT, on a positive note, these shares are restricted for a year. They will NOT be in the float.
You can be assured that they are in friendly hands too as these companies appear to be a web as I stated before.
So, yes, FERF, the answer, after the completed share transfer will be over 75 Billion, but the Actual float can be many times smaller than that.
I will wait to see this unfold.
E & A is the credibility factor. Until then, its entirely a guessing game.
Realdeal...how can you know................
The only thing we have to go upon is a company sponsored newsletter that said we had 40 billion O/S and that we were retiring shares.
So how do we know if its 10 bil or 500 bil....
Yes, its trading like we have 500 bil BUT how about if this 1 trillion short theory is true. Then it trades like 1 trillion shares BUT the dividend gets based upon 10 bil....
It's purely a gamble here....
As I said, if E & A was not involved as the attorney, I would tend to believe this is a shell game.
But I will continue to place my money where my experience lies, and that's that a man like Roger Glenn would not take on a shady client that is working a dilution/shell game like 90% of the other pinkies do.
I know my old firm would not take a "legal" fraud on, so I bank on this single fact.
REAL DEAL...MEATLESS BONES? MAYBE NOT....
You can't say these are meatless bones until you know our share structure. It could be 500 billion, it could be 10 billion.....
WE just don't know. Any speculation at these levels are merely speculation...and NO ONE has been able to convince me one way or another either for low O/S or high.
PS ZEN...DO YOU PRIVATE EMAIL???
Would like to discuss with you the Paltalk thing....attorney to attorney.
ZEN.......OOPS!! LOL!
CMKX NEWS BOYS AND GALS!!! MORE DIVIDENDS!!!
No more Melvy on Pal Talk....BIG PLUS!
Although I wish Melvy all the best, the gag order on Melvy must be viewed as a positive.
He was spurting out way too many things that were opinion that could be misconstrued as fact.
More credibility has just been added to CMKX!!
No more Melvy on Pal Talk....BIG PLUS!
Although I wish Melvy all the best, the gag order on Melvy must be viewed as a positive.
He was spurting out way too many things that were opinion that could be misconstrued as fact.
More credibility has just been added to CMKX!!
ANY OF YOU THINK A PR COMING BEFORE MONDAY MORNING????
AL...Disagree, if they retired the shares into treasury and then reissued, its dilution.
AGAIN, HERE'S THE EXAMPLE (HYPO)
1: CMKX has issued 100 bil shares
2: Shorters sell to Urbie 50 bil shares
RESULT: CMKX has 100 bil shares O/S
SHORT position is 100 billion
3. CMKX buys back 50 billion shares, also on shorting
RESULT: CMKX has 50 bil shares O/S
SHORT POSITION IS 100 billion
4. If CMKX then resells the shares back at .0004, the 50 billion IS DILUTION. Assume sold to people NOT covering their shorts.
RESULT: CMKX back to 100 bil shares O/S
SHORT POSITION stays at 100 billion
Be careful when you analyze who is selling, CMKX v. Urban individually. THey do have major consequences.
AL..YES AGREED, BUT MELVIN DEFIES THAT THEORY
This is the VERY reason why I believe Melvin and Pal Talk is a MAJOR problem for the company....
Instead of a "no comment", we were assured that the company is not diluting at this time.
Hence, if CMKX is selling shares here, the company will have problems, BIG PROBLEMS, with their spokesperson.
AL E ..... NOT REALLY TRUE.
Most transactions happening directly between insiders and the company deal with options etc., whereby they are part of the insiders/employees compensation contract.
I do not think there are many times you will find a direct transaction with an insider selling the company back its shares.
As a big time corporate/real estate attorney, I can tell you it would stink of major apparent conflict of interest issues, which need to be avoided.
They can claim BUSINESS JUDGMENT RULE, but I believe Roger would want this clean, and devoid of impropriety.
ALL E GATOR...TRUE, BUT...
IF a private transaction was completed directly between CMKX and Urban, plenty of conflict of interest/liability questions would arise.
Therefore, I bet that counsel, if my scenario is in fact happening, suggested that the transaction take place in the open market where anyone could buy at the .0004 level.
TSX...Again, evasive. I am through with you. - EOM.
SEE....A QUESTION ANSWERED WITH ANOTHER QUESTION....EVASIVE.
A SIMPLE YES OR NO ANSWER TSX...............
DO YOU THINK THAT A TOP TIERED TOP LAW FIRM PREMIER IN HIS FIELD ATTORNEY WOULD BE RETAINED AND CONTINUE TO WORK FOR A SHELL SCHEME???
YES
OR
NO
TSX!
SEE....TSX WON'T ANSWER QUESTIONS THAT DEFY A SHORT POSITION...
LET ME RE-ASK THE QUESTION TSX.
DO YOU THINK AN ATTORNEY, AT A TOP-TIER NATIONAL LAW FIRM, KNOWN AS ONE OF THE BEST SECURITIES ATTORNEYS IN THE COUNTRY WOULD INVOLVE HIMSELF IN A SHELL GAME SCAM????
YES OR NO???