Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sold to get my 2 bagger and still holding %70 of my shares...wow pigs do fly to the moon...hehe
From Sterling...... CMKX v.s. MMs – Pick Your Poison…
The news this past Thu and Fri (3 & 4 Jun) marked the genesis of the new CMKX era. Many thanks to Urban, Melvin, and the rest of the CMKX TEAM! Those recent PRs show that Urban cares about shareholders and all! Each of the PRs was powerful news that he could have kept unknown from us shareholders for longer times. This is his way of saying "trust me; I am in your corner."
Before we begin, understand that when we say “Market Makers (MMs)” we could very well be referring to whoever their clients might be who have bought naked shorted shares through the MMs. So don’t always think that it’s automatically the big bad MM scenario. We still got to have some MMs on our side to do what we are about to do. Not all MMs are bad for a stock.
What Urban is presenting to the MMs are two choices for covering. It's kind of like telling them to pick their poison. A serious force of reckoning must execute to the benefit of us shareholders. Let's observe.
Option A
MMs will be forced to cover CMKX to maintain the minimum $3.00+ bid for 30 days to trade on the AMEX or Urban will execute Option B below. I was talking to a friend and he made me see how the AMEX would be a better market for CMKX. On the AMEX, the market for the price of your stock is establish by the market of supply and demand for your stock and not the MMs. Also, CMKX meets all of the AMEX requirements except one, maintaining a bid of $3.00 for 30 days.
This is where the MMs will come in. I believe that Urban knows that there is a 1 trillion share short because he helped to create it. Remember when I was saying that people should not be asking… Who is selling? Instead people should have been asking… Who is buying!
This means that as a show of confidence, he continued buying shares in his company, probably at .0001 cent, as long as the MMs had allowed such. This means that he is holding a huge amount of shares that he will use as leverage.
He can disseminate the shares into the market to force the MMs to cover at much higher prices as they will need many shares or he can retire the shares to where they cease to exist if they cooperate and cover to maintain a bid of $3.00 for 30 days. For a better understanding on the thoughts of retiring shares, read the link below:
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=228
If things don’t go as planned for the MMs covering CMKX to maintain a bid of $3.00 for 30 days, then Urban will execute the next option below:
Option B
Urban will execute this option if the MMs decide not to cover, Urban will now take the company private to later take the company public as an IPO. He would come back later as a legitimate company to offer to Canada as a mining and exploration company to help its citizens and economy. CMKX would also be authorized to receive some of the huge tax shelters that the Saskatchewan Government would offer for mining in Canada. All would be well.
Under this scenario, I would guess to say that the OS is no higher than 10 billion shares. What this means is that it would cost CMKX $10 billion to take the company private. Actually less considering that you as the company own a good portion of that OS. Read the link below to understand the costs involved:
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=14635
The news released on 3 Jun 04 was one to indicate that they have huge results from the aerial survey and drilling samples. I am expecting to see a huge announcement of some valuation in the $$ billions. It was also stating that we know the amount of our outstanding share (OS) structure and it will be impressive.
The first news released on 4 Jun 04 is one that states that we are planning on going to an exchange (possibly higher than the OTCBB) because obtaining and retaining a large New York securities law firm such as Edwards & Angell to represent your interests is not really necessary for just going to the OTCBB. I confirmed this with the OTC Compliant Unit of NASD at 240-386-5100. (I didn’t doubt you Frank, but I had to hear it from some official regulatory authority before posting this. All is well!)
This is another subliminal hint to the MMs because they will now know that they will no doubt have to cover if CMKX is serious about going to any of the higher exchanges such as the NASDAQ, AMEX, or NYSE.
This incoming buying pressure will continue onward for some weeks further worsening the MMs short position. What’s key here too is to consider that the MMs might not be short at all. It could be one of their huge clients that are hiding behind the MMs until forced to come to light. They will be needing for us to sell.
To combat this and to keep from allowing the MMs to keep the price suppressed, I am expecting a dividend to be announced with an execution date out in the future that would make shareholders go long with CMKX to receive the dividend. This would be a stock dividend.
The tender offer of $1.00 that I had used in the “Perfect Storm” Scenario below is very conservative:
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=6425
This should be consider as a cash dividend and would be only considered to take measures to the next level if the MMs do not cooperate in my opinion. If this happens, I will be expecting a price a lot higher than the $3.00 bid price that CMKX was bargaining for since the MMs can’t short a cash dividend. They would then unveil value of CMKX that would really help people to see that even at $3.00 per share, the price of CMK is undervalued!
Keep in mind also, to make sure we are not jumping the gun about going to one of the major markets, Urban and CMKX could have retained a large New York securities law firm to help combat the 1 trillion short and to represent its interests to provide legitimacy of their audits because of how high the numbers will be for value, but with the intentions of going to the OTCBB.
This would fall in line more so with Urban wanting to “no doubt” go private and moving from the pinks to the OTCBB would change the entire perception of CMKX. People would trade CMKX as if they were on the NASDAQ if they showed the financials to justify such. This aligns better to the thoughts of going private to deliver the final blow to the MMs or the guilty party that have shorted them.
I am expecting major investors will be joining in daily for the next few weeks as more are made known of the existence of CMKX and more news of substance is released. Thanks to Urban, CMXK should make many enjoy prosperity for years to come!
All is well!
http://www.sterlingsclass.com/
Sterling
Capt_nemo...your right rule #1 never fall in luv with a stock..with all this hype and expected PRs.. I will hold for some time still...I will set my sell orders accordingly the way the market will take this... as rule #2 fall in luv with profit...But I must say I hardly never see many stocks with such aspectations and hype....may the money Gods be good to all of us :)
Good post drugtester...eom
Franchise Attorneys do have Accountants..eom
It takes a very cold person to make every excuse to make things NOT happen....if people never take any risk we ALL be liveing in grass huts and be spearing food for our family still...
thanks for info wolf2 eom
This may fly abit by the EOD ...IMO
Sure would ..but is de beers a privite company??.
I agree...something must be up that we dont see yet...
Why would they hire a NY firm to go on the OTCBB...Seems to me they can hire someone local to do that..
LOL...I stand corrected.. :)
Expect more wolfs in sheep colthing just hope more people will point them out like level2iscool and you...good luck to you
rumors has it that nite is short so maybe he sent out his droids out to bail his azz out...IMO of course
Gets better than my favorite TV show..lol
Yes Arch..potential of this could be great....looks like she was saving the poor souls in that board too..lol
Agreed Archangel...looks like someone is looking for some more shares...good indeed
I am hopeing there is more money in Diamonds than Queer eyes..lol
Nice find level2iscool..eom
Thanks elvis-is here..eom
This is from the sterling board....... By: strike4
03 Jun 2004, 11:23 AM EDT
Msg. 11638 of 11647
Jump to msg. #
Called 1st Global Stock Transfer LLC they confirmed the Audit and the transfer of stock to Pacific Stock Transfer Inc. Ask him how long will it take for the AUDIT he would not give a time frame. Also stated transfers were normally done without an AUDIT..
Elvis.....Does two companys need the same transfer agent to merge??
Why would they change Transfer Agent????
Dream...Im sure if you called there they most likely tell you nothing but you never know...
Yep Sub this drama is looking better and better each day eom
Does this statement tell us we may have core samples???? The Board of Directors announces that due to the encouraging results in Saskatchewan, the Company has decided to concentrate all its resources on diamond drilling at this time,
Bad news for the MM's hehe
From the cmkx board Author Topic: IBC Radio... (Read 95 times)
tbo452
Diamond Driller
member is online
Gender:
Posts: 466
IBC Radio...
« Thread started on: Today at 09:19am »
--------------------------------------------------------------------------------
Melvin,
You predicted a major 'explosion' on IBC yesterday...
Is this because you've seen the next PR already...??
Thanks.
Tony.
Logged
--------------------------------------------------------------------------------
Melvin
Global Moderator
member is offline
Melvin O'Neil
Posts: 1051
Re: IBC Radio...
« Reply #1 on: Today at 10:22am »
--------------------------------------------------------------------------------
no comment
Logged
--------------------------------------------------------------------------------
Pages: 1
I think we ALL in this together for one reason$$$$$ Just do your own DD and know when to sell...for me im in the long haul
Good post Marc....I would even take that low end of .04 on your post..
De Beers gets OK for its first Canada diamond mine
VANCOUVER, British Columbia , June 1 (Reuters) - Diamond
giant De Beers said on Tuesday it had crossed the last
regulatory hurdle in its quest to build its first diamond mine
in Canada.
The world's No. 1 diamond producer has received a water
license from the Canadian government, the last permit it needed
to start construction work at its Snap Lake project, which is
located just south of the treeline in the remote Northwest
Territories.
"Snap Lake is De Beers' first project in Canada to receive
permits to proceed, and our team is eager to begin work on
site," said Richard Molyneux, president and chief executive of
De Beers Canada Corp., which has explored the country for
diamonds for 30 nearly years with little success.
"The successful conclusion of this process will send a
reassuring message to the De Beers board who have been watching
the process in Canada very closely."
Despite its virtual control of the world diamond industry
for most of the 20th century, De Beers was pipped to the post
by its competitors in Canada, the world's newest and
fastest-growing diamond producer.
Some analysts regard the absence of a mine in Canada as a
serious gap in De Beers' source of supply. In five years,
Canada has leapfrogged its way from a nonproducer of diamonds
to the world's third-largest by value.
In the next few weeks, De Beers will start underground
development work at the site, part of which is under a lake.
Actual construction of the C$490 million ($358 million) mine
should start next year with the first production planned for
late 2007.
The mine, which is 220 km (140 miles) northeast of the
territory capital, Yellowknife, is forecast to run for 20
years, producing the high-quality diamonds that Canada has
become known for.
The miner, which is 45 percent owned by Anglo American Plc.
<AAL.L> <AGLJ.J>, is still negotiating agreements with four
Aboriginal groups, who will be impacted by the mine.
The sparsely-populated Northwest Territories is home to
Canada's two other diamond mines and De Beers' rival
producers.
Anglo-Australian BHP Billiton's BHP.AX> <BLT.L> Ekati mine
opened in 1998 followed by Rio Tinto Plc <RIO.L> and Aber
Diamond Corp.'s <ABZ.TO> Diavik mine in 2002.
($1=$1.37 Canadian)
(C) Reuters 2004. All rights reserved. Republication or redistribution of
Reuters content, including by caching, framing or similar means, is expressly
prohibited without the prior written consent of Reuters. Reuters and the Reuters
sphere logo are registered trademarks and trademarks of the Reuters group of
companies around the world.
Jun-01-2004 18:26 GMT
Symbols:
CA;ABZ GB;RIO AU;BHP ZA;AGL GB;BLT DE;AB7 US;ABER US;BHP CH;AAM
DE;NGL DE;NGLF DE;NGLS DE;NGLX NA;ANM XT;AAL GB;AAL
Source RTRS Reuters News
Categories:
RTI MIS CA GDM ZA GB AU CPX PKG/USCO MST/L/EN MST/R/CA MST/I/PCS
MST/R/ZA MST/R/GB MST/R/AU MST/I/COA MST/I/MNG MST/I/NFR
Cool pic xcentrix...eom
David desormeau was in the worm farmas a resadent agent...I guess the terrorist missed his azz??
most of been killed by the hell angels..lol
Worm Farm????I seen that before.. check out this page and find out who was the pres...BTW did the hell angels bust them ??god this is turning into a soap opera http://sos.state.nv.us/begin.asp
Check this post out by Alydryr....looks like this dude says we have terrorist and hell angels and have the criminal Itelligece service after us now...................damm this would make damm good movie....this bye far makes my top ten post for the most negative post for CMKX..
Terrorists may be eyeing Canada diamonds
By MARTIN STONE
Lucrative diamond finds in northern Canada may be attracting attention from terrorist and criminal organizations seeking new ways to raise cash and launder ill-gotten gains from drugs, arms trafficking and other enterprises, according to a report by the Criminal Intelligence Service Canada, a government watchdog group.
Since the Ekati mine opened in the Northwest Territories in 1998, Canadian diamond fields have been heralded as potentially some of the most lucrative untapped diamond sources in the world. The CISC report, released last Friday, suggests Canadian diamond production may end up being mixed-in with so-called "blood diamonds" from war zones such as Angola and Sierra Leone.
"Precious stones such as diamonds have always been an attractive commodity to the criminal world," said the report. "They have been utilized by organized crime as currency to acquire contraband such as illegal drugs and weapons, to pay for services rendered and as a means to move and launder criminal profits.
"There is also concern that terrorist organizations, such as the al Qaida network, may also be using diamonds as a form of currency to avoid the international banking system and controls by governmental authorities in order to continue to finance their operations."
The CISC, a coalition of federal, provincial and municipal police agencies, admits that while there is no direct evidence to suggest such infiltration in Canada's diamond mining industry has actually taken place, "there is a potential, as observed in other countries, for organized crime to attempt the infiltration of the industry to arrange for diamonds to be illegally diverted from the legitimate commercial pipeline for their criminal exploitation and profit."
The 55-page annual report, which deals with all aspects of organized crime in Canada, also notes that Canada's reputation within the diamond industry as producers of "clean" diamonds could attract smuggled illicit diamonds which could be blended into the regular rough diamond supply and effectively become sanitized as a bona fide Canadian product for sale through legal channels.
A rich source of diamonds in Canada was discovered in 1991 near Point Lake, Northwest Territories, touching off a diamond rush that continues. The Ekati Diamond Mine started production in 1998 and two other mines are scheduled to open in the Northwest Territories by 2005. Other significant finds have been recorded in northern Ontario and Quebec. Canada is the fifth-largest producer in the $11 billion-a-year diamond industry and more to second when the planned mines open, according to Montreal Police Chief Michel Sarrazin, a member of the CISC executive.
The remoteness of mining operations in the Canadian north may provide criminal or terrorist organizations an opportunity to begin smuggling operations, a CISC spokesman said, and pointed to East European crime families, known for their expertise in smuggling jewelry and diamonds, as potential practitioners.
"Law enforcement in Canada is aware of the potential criminal exploitation of diamonds and is monitoring the developing diamond industry," the report says.
The report also found that the Mafia, established crime families with Italian roots, control major drug importation, money laundering, and gambling operations and use apparently legitimate businesses to hide criminal activity and profits.
Outlaw motorcycle gangs, including the Hells Angels Motorcycle Club and the Bandidos Motorcycle Club, are involved in drugs, money laundering, intimidation, murder, fraud, theft, extortion, prostitution and trafficking in illegal weapons, the report warned.
CISC Commissioner Giuliano Zaccardelli also told reporters that, "Asian crime families, East European crime families, the traditional Italian crime families and biker gangs are now working together to carry out their criminal operations. They are certainly consolidating their forces."
Agreed Elvis....some people just like digging for worms..lol
what does eye candy and David Desormeau and UC have in common???Nothing is all and eye candy is rovoked in the state of Nevada...seems to me the moon is full and watch out people will see more of this......... http://sos.state.nv.us/corpsrch.asp?jg= Type: Corporation File Number: C19808-1999 State: NEVADA Incorporated On: August 11, 1999
Status: Revoked Corp Type: Regular
Resident Agent: DAVID DESORMEAU (Accepted)
Address: 1603 MOWBRAY CT
HENDERSON NV 89014-
President: JOHN D. GUZMAN
Address: 2519 PUTING GREEN DRIVE
HENDERSON NV 89014-
Secretary: DAVID DESORMEAU
Address: 3340 S TOPAZ #100
LAS VEGAS NV 89121-
Treasurer: DAVID DESORMEAU
Address: 3340 S TOPAZ #100
LAS VEGAS NV 89121-
Thanks teamlasvagas eom...
Teamlasvegas...Did you ever check out the new address of UCAD and CMKX in Vegas btw....