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.
Hey Gump....
3,117 certs received = 94 billion shares. Average of 2 certs per person = 1,558 shareholders/accounts have responded so far. Estimated 50,000 shareholders/accounts = 3% response so far. Estimate 700 billion O/S, 94 billion shares = 13% of O/S. And the big brokerage houses have not sent out the majority of certs yet.
13% of the O/S has been reached with a 3% shareholder/account response rate, the math suggests???
Schmed.
My Thoughts on CMKX and Friday's Volume...
Without actually being on the inside none of us can really be sure of what is going on, and the truth is we may never truly know, but this is the way I am looking at it and why I am very encouraged by what we saw on Friday. We have been through a torturous couple of months with the SEC breathing down our necks, and by all indications it "appears" that October 20th could spell disaster for us. We still have no filings from the company and they have been extremely secretive about anything they have been doing for the last few months. All of this would not look very good for us if we were a "typical" company, but as many of us know, this is not a typical company, not by any stretch of the imagination. So this is why I am very encouraged, even with all of the negative events that have happened to us lately, somebody was willing (or forced) to step up and accumulate a relatively large amount of shares on Friday. Actually it has been going on for a couple of weeks now, but whoever it is, has been very methodical in how they are accumulating. You may recall a few weeks ago I posted a message stating that if accumulation were to start happening whoever is doing it would be very careful so they didn't tip their hands to the general public as to what they were up to, any large seasoned investor will take this kind of approach.
In my opinion the majority of the volume on Friday was not retail buying, we had somewhere in the neighborhood of 2 billion shares go through within about 17 minutes. Given that we have no news, no filings, no published valuation, and the SEC is breathing down our necks, it is highly unlikely that retail buyers stepped in and generated that kind of volume, even based on rumors from such posters as Jay Adobe, ELO54, CarQuest44, or AccaDacca. Whoever did the buying did it for a specific reason that we are not privy to "yet". It was interesting to see that they accumulated such a large amount all at once without spreading it out over the course of the day, it had all the signs of panic buying. You may be wondering why I keep saying that it was all buying, and that is pretty simple, because the price moved up to .0002 on the Ask, I have some additional thoughts on that and we'll go into it in more detail in a minute. So, with all of the negative events surrounding us, and by all appearances we have a stock revocation is staring us straight in the face, somebody has been accumulating, and the question we all have is why? I believe it is only one of two reasons, it is either insider accumulation, and by that I don't necessarily mean the company itself, or it is a short covering, there are really no other ways this could be going. Here's where it gets exciting for us. If it is some sort of insider accumulation, they are showing no fear of a stock revocation whatsoever, and if it is short covering the shorts are basically telling us that they are covering for fear of what could happen to them if they don't, and logically both of these reasons add up to valuation, and probably lot's of it.
There have been many rumors going around about a deal being worked out between the company and the shorts, and while this may be true, I believe those talks may have broken down and failed, if it is the shorts who are in fact covering. The reason being is because the company probably laid a price out on the table, and the shorts jaws dropped to the ground and they said "there is no way we can or will come up with that kind of money, we'll take our chances out on the open market thanks very much". The shorts probably know the timeframe they have to work with before the bombs start dropping, whether the company gave it to them or whether they figured it out on their own. If they chose to go with an open market cover, this would have involved some significant number crunching to determine how bad they are going to get burned, or if they would get out of this in one piece. The number of variables in calculating this would be enormous, first they would have to determine how much money they made shorting the stock, then they would have to determine how much available float there is to buy up, then they would have to determine how fast the price is going to move up as they are accumulating, and the list goes on and on. They have probably performed these types of exercises more than a few times with other stocks but nothing of the magnitude of CMKX. I would be willing to bet they had to hire a whole team of accountants to figure this all out for them, it's nice to see shorty working for his money for a change eh? On the flip side, if it is not the shorts covering and it is insiders accumulating, and an insider could be described as either the company or someone who has been made privy to some very positive information, it doesn't take a rocket scientist to figure out why they are accumulating.
Now, back to the discussion about the price moving up to .0002 on a volume of 3.5 billion shares on Friday. This is the part that really has me intrigued, it was probably not just the volume on Friday alone that caused the price to move up, it was probably due to the cumulative volume over the past week or two, and the combined volume is what caused the Ask to move to .0002. If we go on the assumption that this is indeed what happened, what does this tell us about what the actual Float could be? Over the past two weeks there has been an accumulation of somewhere in the neighborhood of about 10 billion shares, not all of it was buying but a good percentage of it was, so if 10 billion shares caused the Ask to move from .0001 to .0002, this suggests to me that the actual float is nowhere near as high as we think it is. If you calculated it out using a float of 600 billion shares, 10 billion shares comes to 1.6%, if you calculated it out using a float of 800 billion shares, 10 billion shares comes to 1.25%, does it seem reasonable that this would cause the price to move from .0001 to .0002? I don't think so. You may want to argue that it was not actually these percentages that caused the price to move up but rather the momentum of the buying itself, but remember, everything is about supply and demand, that is what causes prices to fluctuate up and down. If we used the momentum theory of how much supply of stock there is available to buy, does it seem like there might be 600-800 billion shares available? Do I hear much less than that? If we really wanted to get into crunching all of the different scenarios, there are so many variables involved that we could probably never really figure it all out, unless we built ourselves a super computer and fed all of the different variables into it. Although that might be fun to do, I can think of more fun things to do. In any event, it appears on the surface that the available float is much less than 600-800 billion shares.
One last topic that has peaked my curiosity, and that is some of the posters on the various chat boards, mainly RagingBull. We have all been following Jay Adobe, ELO54, CarQuest44, or AccaDacca for some time now, and while I have found their posts to be quite amusing over the past several months I have still read them carefully to try to determine if there is some truth sprinkled among what they have to say. Strangely enough after Friday's volume and price movement, it would appear that these posters predictions may not be as far from the truth as what they once appeared. Sure the stories of pilots landing planes and smoking cigars in the cockpit were amusing, you can't keep it totally serious all of the time, where's the fun in that? The real messages they have been attempting to deliver to everyone are still in their posts. As we know, these posters have been posting messages over the last few months telling us all of good things to come, to those who are willing hold onto their stock. And while it all started out as fun and games, as of Friday (for me anyway) it is becoming increasingly difficult to ignore the fact that big things do appear to be coming. We are not there yet of course but Friday's action almost seemed to come out of nowhere, so were these guys just pulling our legs all along? It doesn't appear that way does it? And don't forget Andy Hill's Yahoo IM's and various conversations he has had with several shareholders telling us to "TRUST UC and the TEAM" There's a whole lot of coincidences going on here that no longer seem like just a coincidence anymore.
All of this is just my opinion on what is going on as of today and I am trying to take a logical view of a stock that is anything but logical. Am I 100% correct in my opinion? No, I don't think so, but I would like to think I am on the right track. Could everything fall apart and we end up with nothing? Yes it could, however I believe we and the company have come too far to have it all fall apart now. I believe we may finally be on our way to reaching the pot of gold at the end of the Rainbow, whatever that may be.
Schmed
Hi Janice, got a question for ya...
How come SGGM was revoked so fast and CMKX was not? Yes CMKX is going through due process but what about SGGM's due process?
I never followed SGGM very close but it seems to me that there is something lopsided going on here. SGGM was handed an order of revocation by a judge but as far as I know, CMKX has not been officially handed a judges order of revocation, what's up with that?
Thanks!
Gump, what are your thoughts on this?
As you are educated in the mining industry you must have some interesting comments.
http://www.geocities.com/schmedrickk/Diagem/index.htm
Hi SEC10....
I guess we'll have to wait for Gump to get back, so he can read it to you word by word and then mayble you will be able to comprehend what it means huh?
LMAO!
Hey Gump....
Did you happen to notice that Beckstead was apparently threatened by someone in the Government to back off auditing CMKX? Were all the other auditors threatened too?
In addition, during your due diligence period you discussed with our office the contents of a call you had with an employee of a regulatory agency, wherein you were told by her it was not in your best interest to engage CMKM as an audit client.
http://tinyurl.com/cytuq
Janice baby...
I think what a lot of people are missing is what Frizzell's mission really is, and that is to determine if there is an imbalance of CMKX stock out in the market place regardless of who caused it (if you get my drift).
According to Frizzell's brief that was filed today, he has apparently obtained documented evidence to show that there are more shares out than were issused and/or authorized. Even if we went to the far extreme and assumed that there were 800 billion shares issued and outstanding, and he can document that there are 837 billion not including the unknown 50,000 +/- accounts, well it doesn't take a rocket scientist to put that one together.
It also wouldn't surprise me one bit if a couple of company insiders past or present, may be just a wee little bit nervous right now, know what I mean?
I'm liking this a whole lot!
Gump, sorry I could not resist...
But it all depends on how you spin it. This phrase from Frisbee's letter:
"Although we have documents that prove a huge naked short statistically speaking"
Suggests to me that he is basing the still unknown numbers on the numbers that are known. For instance, 5,000 shareholders and/or accounts have reported 300 billion shares, or an average of 60 million shares each. Assuming he has evidence to suggest there are indeed another 45,000 shareholders and/or accounts that have not reported, he is basing his assumptions that these remaining unknown shareholders have an average of somewhere in the neighborhood of 60 million shares each.
Although theoretically one can make the arguement that the number of shares out there is larger than the O/S and/or Authorized, factually they cannot prove it. And even if the Judge were to consider this as evidence, she only deals in facts which is why Frisbee is trying so hard to get everyone else to report so he can prove his assumptions. I suspect the majority of the big fish have already hopped on the bandwagon, and it's the majority of the little stragglers that have yet to report. So to suggest that the unknown shareholders own 60 million shares each, I think it is fairly unlikely.
The bottom line is he has a hunch but he can't prove it. The odds suggest it is probably a good hunch but it needs to be factual. I personally believe there is some degree of a naked short here. The crooks that short all kinds of stocks simply could not resist the temptation to short this one with the massive volume that has been going through the markets, not to mention the lack of reported valuation. Although I cannot prove this factually, just call it a "hunch". I really do hope there is a gazillion short here and we nail shorty to the wall. But as we have found out, shorty is extremely well connected and it will practically take an act of congress to take him down.
Will CMKX be the one to do it? I certainly hope so.
BTW, love your posts, well thought out and logical, keep it up.
Schmed.
Janice, lol...
Realistic translation: CMKX is in a world of trouble with the authorities, both here and in Canada.
Roger Glenn and Robert Mahue as well as some other yet to be announced executives have come on board CMKX to help jolly old Urban out why?
Come on Janice, LOL!
Zeninvestor, here's another interpretation...
"A new team of securities attorneys has been instructed that their prime assignment is to correct any deficiencies of the past and to cooperate fully with regulatory bodies both in Canada and the United States to minimize the possibility of such deficiencies in the future".
Schmed's Translation?: Those who manipulated this stock in the past are going to have their gonads promptly removed by us. Regardless of Regulation SHO only being effective as of January 3, 2005, we are going back as far as we have to in order to correct the manipulative activities that have taken place. And those who have been responsible are going to pay through the nose, among other area's of their human anatomy. Further, if anybody tries to manipulate this stock in the future to any degree, they will have their gonads promptly removed.
I know what you're thinking, this may actually be to correct the problems that Urban the boob has created himself in the past and they will prevent him from doing it again in the future. I personally do not believe Urban is a big enough boob that he would hire Mahue to come on board and string himself up with his own rope.
Your translation?
Schmed.
Zeninvestor, I'll see your pattern and raise you one...
Companies under resident agent "TANKO LAW OFFICE"
Corporation Name Corporation Number Status
J.E. DHONAU FAMILY FOUNDATION, INC. C35070-2004 Active
Take a look at this link for a more detailed description
https://esos.state.nv.us/SoSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?CorpID=538492
This registration was entered on 12/23/2004, kind of co-incidental that Urban has recently set up a similar trust for his family too eh?.
Really makes you wonder if these guys are positioning themselves and their families because they really do have something major going on.
Cheers...
Schmed
Zen, speaking of Mahue and investment banking...
Have you seen this? Very interesting.
http://www.davincifranklin.com/
Loading up the ponies to put them into the barn, IMO.
Hey Zen, is this what you're looking for?
http://img.photobucket.com/albums/v472/Schmedrick/urbansubmit.jpg
Hey Zeninvestor, good to see you back...
Bottom line, Shore and Kensington would not have taken the protective measures they did if there was nothing to fear, there would have been no reason to. Everything happens for a reason, otherwise nothing ever happens. I think some wise old guy said that once, lol
Here's something to chew on, what makes everyone so sure it is DeBeers who is the feared Predator?
Posession is 9/10 of the law, even in Fort a la Corne. According to my most recent recollection, DeBeers is not the dominant claims holder in that area.
Schmed
Hey Gump....
So much for the low grade diamonds at Shore huh? Wanna bet on the "Moose Pasture"? lol
Posted by: gump90
In reply to: narvo who wrote msg# 21324 Date:11/2/2004 11:51:56 AM
Post #of 21507
Narvo .. did you know ..
that the kimberlites in the F A L C area are low grade and will require very large scale open pit mining methods. This is not to say that they will not be profitable but it can't be said that the ground is 'rich'. The diamond grades have been shown to be low so far at Kensington and Shore. CMKX have moose pasture right now until proven otherwise
Zen, something to consider...
About the companies tied to CMKX such as UCAD, GEMM, SGGM, ECPN, etc.
It wouldn't surpise me one bit if the MM's drill the stock prices of these companies into the ground all the way through next weekend. Why? in an attempt to demoralize all those attending the shareholders "appreciation" party in Las Vegas. To send them there depressed about why all the companies stock prices have been plummeting for a week or more. How? the same way they manipulate every other stock, because they want to. Basically another cheap shot by the crooks aimed at CMKX shareholders.
I hope for the sake of the shareholders that own those stocks it doesn't happen, but it wouldn't surprise me if it did. If so, there could be some nice swing plays to be had on those stocks somewhere around mid to late next week.
We could speculate that it won't happen because because the MM's will have to cover some upcoming dividends such as GEMM, but there may be ways around that as well, a delayed cover if you will. They could put up some of their own money short term to do the cover and swoop down and grab all those cheap shares from panicked sellers and make more money than what we or they may have originally thought.
Just some thoughts and spec-o-lations.
Schmed....
Zen, now that was a funny post, lmao! eom
I Believe a Deal Has Been Negotiated
Why do I say this?, let's look try to use some common sense and a little speculation to approach this. First we had the UCAD dividend scheduled to be paid on 9/24, then we had the CIM and GEMM dividends due to be paid on 10/1. On or about 9/21 (I don't recall the exact date) JEFF disappeared from the Level II lineup and a few days later on 9/24 we received a PR stating the UCAD dividend has been delayed until 10/6. Now we are finding out that the CIM dividend has been delayed until 10/18, and the GEMM dividend has been delayed until 11/15. From the beginning I thought it very was strange as to why there were so many dividends scheduled to be paid on 10/1, all on the same day, if you assume that GEMM will have paid off two dividends by the first 97 million shares, and the other 121 million shares.
Stacking up all those dividends on a single day never made any sense to me. Typically a company will stagger the dividend payments over time, such as one per month or some variation of that, much like what they are doing now. Is it possible that this was just an oversight and they corrected it? I don't think so, because when they issued the original dividend PR's, they knew what the pay dates were when they were issued. So, we made it all the way to 9/24 when the UCAD dividends were to be paid, and only a few days after JEFF disappeared from the lineup, and then they delayed all the dividends and staggered them out over time just like I expected them to do from the very beginning. Now everything seems to be structured in a much more logical manner.
OK, now this is beginning to make a bit more sense, but why all the cloak and dagger maneuvering? It is my belief that they originally structured all the dividends together as some sort of strategic move, to get the MM's to react to it, and more specifically JEFF. Well guess what? just a few days before the boom was about to be lowered, JEFF disappeared from the lineup, and as I had mentioned, all the dividends were restructured in terms of pay dates. Now the first week into trading after the UCAD dividend was to be paid, and with JEFF gone, the volume has picked up significantly. Today's volume was 5.3 billion shares and it is going through in large blocks, and many of them at that. This tells me that whatever the significance of the dividends being stacked up so close together was, it worked, it was effective, they were able to get rid of JEFF the 900lb Gorilla, and that was the first and most important major breakthrough we needed. One could argue that JEFF left on his own but I personally don't buy it, oh and don't forget Regulation SHO kicked in on 9/24, an added bonus.
So what's the bottom line here? I believe the company fully intended on staggering the dividends out over time from the very beginning, but they couldn't because they needed to get rid of JEFF first, he was the major thorn in their side. Then by using a few strong arm tactics they convinced the other MM's who are short, that it would be in their best interest to clean up their act after they got rid of JEFF, and that's what they're doing now as evidenced by the increased volume. You could say the increased volume is due to someone dumping billions of shares into the market, and that would be a legitimate argument, and my response to that would be, how come the price isn't dropping? Now the MM's who are left are faced with a few waves of pain coming at them. First with the UCAD dividend on 10/6, then with the CIM dividend on 10/18, and then with the GEMM dividend(s) on 11/15, and possibly with as yet unannounced, an SGGM dividend to follow that, maybe by the end of November or mid December, continuous waves of pain is what I expected to see here. The MM's who are left are most likely facing some serious internal accountability issues as the waves of dividends are about to hit, and I believe Roger Glenn and the company were not willing to give them much rope to start getting their act together. Call it hardball tactics by Mr. Glenn, and the MM's can thank their old buddy JEFF for the situation they are in now. By staggering out the dividends the way they are now, the MM's who are left won't get crushed but they will experience some pretty significant pain, just enough to really get their attention. One could also argue that negotiating a deal with the MM's is market manipulation, but I don't buy that either in this case, especially as nobody is manipulating the stock price up or down.
We could say that the company really cares about the shareholders and that's why we're getting the dividends in the first place, I for one do believe that the company is showing more sincerity towards the shareholders than just about any other company on the Pink Sheets/OTC, but I don't believe that it's the only reason. I also believe they have staggered out the dividends to keep a reasonable amount of stability in the stock by keeping the retail shareholders in the stock while they complete their task of getting this company share structure cleaned up. It appears to me that we are seeing some masterfully strategic maneuvering happening here, orchestrated for the most part by Roger Glenn, and that's why attorney's such as himself make the big bucks. I fully believe we have turned what could be the most important corner here, and we are on our way, and this is why I believe a deal has been negotiated with the MM's any any other people who were involved in manipulating this stock. The shareholders will be rewarded for their patience when and only when the entire process is complete, when that is, is anybody's guess. But as I've said before, I believe we have turned the corner and there is now a bright light at the end of the tunnel. We all just have to be patient and let this thing play itself out, there's nothing else we can do but sit and wait.
So there you have it, you can either believe my theory or you don't have to, it is my speculation, and that's the story I'm sticking to at least as of today anyway, LOL!
Is DeBeers getting nervous in Fort ala Corne?
http://biz.yahoo.com/bw/040907/75515_1.html
Green Baron Update due on Wednesday...
See the scrolling banner here:
http://www.thegreenbaron.com/
CMKX O/S Mystery Solved?
You tell me.
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=76449
Zeninvestor32, is DeBeers Behind the 8-Ball?
Looks like a potential admission that other companies may have been leap frogging them in Fort ala Corne. Also sounds like there is big value to be had in that area.
http://www.realestateappraisals.com/News/FLC0604.PDF
Cheers!
Schmed
Fung_Derf...
Split hairs if you wish, as long as you are the record holder as of the record holder date, you will qualify for the dividend, that is the point I was trying to make.
Pennypicker RE: GEMM shares....
The company has chosen Oct. 1, 2004, as the record and distribution date for this latest dividend to its shareholders.
http://biz.yahoo.com/bw/040802/25741_1.html
Dusty relax....
July 18, 2004--CMKM Diamonds, Inc. (Pink Sheets:CMKX - News) is pleased to have reached a purchase agreement with U.S. Canadian Minerals, Inc. (OTC BB:UCAD - News) to which U.S. Canadian Minerals Inc. will be purchasing 5% of all mineral claims held by CMKM Diamonds, Inc. in exchange for 7.5 million shares of UCAD. CMKM Diamonds, Inc. will later issue these shares to all shareholders of record on August 20, 2004.
The ex-date means nothing here.
http://biz.yahoo.com/bw/040718/185046_1.html
Snappy One Liners...
Deja Moo: The feeling that you've heard this bull before.
Two antennas meet on a roof, fall in love and get married. The ceremony wasn't much, but the reception was excellent.
A jumper cable walks into a bar. The bartender says, "I'll serve you but don't start anything."
A sandwich walks into a bar. The bartender says, "Sorry we don't serve food in here."
A dyslexic man walks into a bra.
A man walks into a bar with a slab of asphalt under his arm and says: "A beer please, and one for the road."
Two cannibals are eating a clown. One says to the other: "Does this taste funny to you?"
"Doc, I can't stop singing 'The Green, Green Grass of Home.'" "That sounds like Tom Jones Syndrome." "Is it common?" "It's Not Unusual."
An invisible man marries an invisible woman. The kids were nothing to look at either.
A man takes his Rottweiler to the vet and says, "My dog's cross-eyed, is there any thing you can do for him?" "Well," says the vet, "let's have a look at him." So he picks the dog up and examines his eyes. Finally, he says, "I'm going to have to put him down." "What? Because he's cross-eyed?" "No, because he's really heavy."
I went to buy some camouflage trousers the other day but I couldn't find any.
I went to the butcher's the other day to bet him 50 bucks that he couldn't reach the meat off the top shelf. He said, "No, the steaks are too high."
A man woke up in a hospital after a serious accident. He shouted, "Doctor, doctor, I can't feel my legs!" The doctor replied, "I know you can't - I've cut off your arms!"
I went to a seafood disco last week and pulled a mussel.
Two Eskimos sitting in a kayak were chilly; but when they lit a fire in the craft, it sank, proving that you can't have your kayak and heat it too.
What do you call a fish with no eyes? A fsh.
Two termites walk into a bar. One asks, "Is the bar tender here?"
Roger Glenn Picture Updated..
You can take the man out of the 60's, but you can't take the 60's out of the man.
http://www.concept-enterprises.com/rogdude.jpg
Is Shore Gold Teaming with CMKX?..
Excerpt from the article.
Mr. Read said that Shore would also be drilling some new targets on the company's Fort a la Corne property. The targets were selected on the basis of an electromagnetic survey that outlined some features that had previously been overlooked, including one about 10 kilometres to the northwest of Star.
http://new.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=B-371659-C:SGF&symbol=SGF&news....
Meeke, yes I did, and here's something else...
Please understand that in all our experience, we have never seen an attorney of Mr. Glenn’s reputation associate himself in the public eye with a pink sheet listed company. We have concluded that his ongoing relationship to CMKM Diamonds indicates that there may be much more positive developments yet to be announced.
While this is certainly no "fodder" for the bashers, they will try to place a negative spin on it somehow.
LOL!
Doxi, here are the NASD rules...
Notice shall be deemed to have been given in accordance with this section only if:
Given to the National Association of Securities Dealers, Inc., no later than 10 days prior to the record date involved or, in case of a rights subscription or other offering if such 10 days advance notice is not practical, on or before the record date and in no event later than the effective date of the registration statement to which the offering relates, and such notice includes
http://www.law.uc.edu/CCL/34ActRls/rule10b-17.html
Doxi, this should answer your questions...
It is important to note that the Pink Sheets is not governed by a regulatory authority. It is not a stock exchange or a regulated entity. The NASD Regulation Inc. (NASDR) and the U.S. Securities and Exchange Commission (SEC) regulate all Market Makers in Pink Sheets and Yellow Sheets securities. The NASDR's responsibilities include establishing rules governing the business conduct of its broker/dealer members; setting qualification standards for securities industry professionals; examining members for their financial and operational condition, as well as their compliance with appropriate rules and regulations; investigating alleged violations of securities laws; disciplining violators of applicable rules and regulations; and responding to inquiries and complaints from investors and members.
http://www.pinksheets.com/investor/investor_protection.jsp
Gody123, Green Baron has been Updated...
"The Stock Play of a Lifetime"
Tonight The Green Baron Report is upgrading the status of our recent Stock to Watch CMKM Diamonds, Inc. (CMKX) to a fully profiled pick for our members. The stock will now be added to the storied list of previously profiled stocks on our homepage at www.thegreenbaron.com, and percentage returns will be based on today’s closing price of .0004 per share. Please note that although our parent company has not been compensated in any way for the release of this information and does not expect to be compensated by CMKX in the future, our parent company Evergreen Marketing, Inc. and its employees currently own a substantial long position in shares of CMKM Diamonds, Inc. (CMKX).
CMKM Diamonds is involved in the exploration for diamonds in the Canadian province of Saskatchewan . Exploration is being aggressively pursued in the Forte a la Corne area in central Saskatchewan , where the company holds mineral claims to more than 1.4 million acres. Geologists believe the diamond-bearing kimberlite pipes in Saskatchewan were formed some 100 million years ago. Compared to the diamond-bearing pipes in South Africa or the Northwest Territories , Forte a la Corne pipes are huge. This information is located at the CMKX website at www.casavantmining.com, which is currently being updated partly because of the tremendous number of recent press releases and corporate developments that have occurred over the past 60 days.
About one month ago on July 13, 2004 , The Green Baron Report alerted our members that we would begin following CMKX as a Stock to Watch. In that report, we stated that further due diligence would be required for us to feel comfortable enough to urge our members to own this highly speculative pink sheet listed stock. The Green Baron Report has grown extremely skeptical of Pink Sheet listed companies in general since these companies are not required to be fully reporting. We had shown reservations about CMKX because the only information we had concerning share structure was that the company had set the total authorized number of shares the company could potentially issue at 500 billion.
In subsequent updates, The Green Baron Report alerted our members of additional press releases that reported CMKX shareholders would be rewarded with stock dividends of three different companies; a bulletin board stock called US Canadian Minerals (UCAD), a pink sheet listed stock named Juina Mining (GEMM), and shares of a company not yet listed called Casavant International Mining. The share dividends will begin to be awarded to shareholders of record August 20, 2004 . Although we were excited by each new dividend announcement, The Green Baron Report was still apprehensive since it was not clear how many shares would be rewarded per share owned in CMKX.
Our upgrade of CMKX, is based among other reasons, on the fact that the respected and renowned legal council for CMKX, Mr. D. Roger Glenn at Edward & Angell, LLP, is still actively working with CMKM Diamonds. In a recent press release, it was noted that Mr. Glenn was planning on traveling with the company’s management to Saskatchewan …to facilitate the company’s becoming fully reporting. Our sources indicate that this meeting will take place this week. Please understand that in all our experience, we have never seen an attorney of Mr. Glenn’s reputation associate himself in the public eye with a pink sheet listed company. We have concluded that his ongoing relationship to CMKM Diamonds indicates that there may be much more positive developments yet to be announced.
The Green Baron Report has calculated the potential returns from previously announced stock dividends, and views the strong possibility of additional stock or cash dividends. Our calculations indicate that at the current price of .0004 per share, even if the company has reached its total authorized stock issuance that an owner of CMKX stock at these levels could still stand to see a very nice return of its investment over time. The recent press release stating the receipt of $3,000,000 cash, and the inclusion of multiple partners in its mining projects lends further credibility to the company.
In conclusion, The Green Baron Report now suggests our members with speculative investment accounts to consider our new position on this potentially explosive stock opportunity. Although past performance is no guarantee of future results, prior Green Baron Focus Stock picks profiled on our home page tend to rise dramatically in the days, weeks, and months following our initial profile. Please consider yourself alerted as we strongly believe we will able to say we gave our members The Stock Play of a Lifetime!
http://www.thegreenbaron.com/Latest%20Update.htm
Gody123, incorrect information..
The company has to notify the NASD 10 days prior to the record holder date, not the shareholders or the public.
You might want to read the rules a little closer.
http://www.law.uc.edu/CCL/34ActRls/rule10b-17.html
Donald Trump Fires Himself...
And we thought UC was a self sacrificing CEO, "the Donald" just one upped everyone. I was trying to tell all the shareholders of Trump Casino's that CMKX was a much safer play, but did they listen to me? Noooooooo, LOL!
http://money.cnn.com/2004/08/10/news/midcaps/trump.reut/index.htm
Janice, time to go bash Trump Casino's, LOL!
Zen,
Wanna borrow my anti-basher ignore software program? Might make your life a little easier. LOL
Schmed
Zeninvestor32...
Thanks very much for your candid reply, I appreciate that. I'm glad we can exchange views and opinions as we move forward from here. Like you, I am very excited with the prospects we have before us.
In the meantime, there is one phase of investor hysteria I did not mention in my last post. I'd like to offer this for your viewing pleasure, I hope you get a kick out of it.
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=51826
Let me know what you think of it.
Thanks Zen, and we'll talk soon.
Schmed...
My First Post to Zeninvestor32,
I've been following your posts for about the last five weeks, and I must say out of all the posters I have read on any board, you seem to have the strongest grip on reality that I have ever seen. Your posts are always well thought out, articulate, logical and most important of all, realistic. I value what you have to say, and always look forward to every new post you have to offer. With that said I do want to add some objective opinion's if I may. Regarding your paragraph 2 in your latest post I'm responding to, I think you are beginning to lean just a touch toward the side of paranoia. I personally think the thought of the SEC recording every transcript in PalTalk is stretching things just a might. It could be true but if there is as much skullduggery going on with this stock as everybody seems to think there is, I can just imagine shorty saying "I can't wait to haul these guys into court and expose everything that has been going on for the public to see", I'm sure the SEC would be equally as pleased with that as well. As we can only speculate, if there is a high degree of shady trading practices taking place with this stock, the implications more than likely go far beyond the persons facilitating the trades of this stock, and who knows really high up the ladder it goes? My bet is nobody will ever want the public to find out.
As far as the IR person for this stock or any other, they have a right to speak out on behalf of the company, it is their job and it is what they were hired to do. If this person is crossing the line, it is not for the shareholders to make that determination, it is for the company and their legal counsel to decide that and take the appropriate actions should a problem exist. I am becoming particularly disturbed with the growing "mob-rules" mentality of some shareholders that feel they have the right to go around and place a gag on any IR person they feel is inappropriate. Granted, Melvin is not the kind of guy you would expect to see fronting a multi-million or multi-billion dollar company however, in Melvin's defense it was he that led me to believe there was something special with this company after listening to his interviews on IBC radio. After I had conducted my DD like any other investor does, and I had listened to Melvin's interviews again and I was fairly convinced that this stock was worth the gamble, so I took a moderate plunge. As soon as I learned that Roger Glenn was to become the company's general counsel, I didn't need to ask any other questions, I knew there was something special going on here, and began to increase my position as I saw fit. I don't think either one of us will have any arguments on the Roger Glenn aspect of this subject.
The point I am trying to make with all of this is, that if the shareholders are allowed to take company matters into their own hands, it can be as destructive as some view it to be positive. Potential investors may not be able to reach a solid investment decision without all the benefits that should be available to them, such as the luxury that many of us have enjoyed when Melvin was being publicly vocal about the company. Newer investors may or may not be placed at a certain disadvantage as opposed to the earlier investors here. Before you know it, shareholders will go around trying to gag the IR people for other companies such Microsoft, Cisco, so on and so forth, depending on their own personal agendas to try to get one step ahead of all the other investors out there. I've been investing in the penny markets for about five years now, I understand you have been around twice as long as that. You probably know better than I do that almost every penny stock goes through four different phases with it's shareholders as follows:
1. I know something you don't know
2. I will spread the word of upcoming wealth and joy for all to hear
3. Someone could be watching and we had all better shut up or we could get into trouble, and the stock will never run
4. Well it sounded like a great stock, sorry it didn't work out, maybe the next one will be the one
We are without a doubt in phase 3 right now, and with Roger Glenn taking us on as I client, I seriously doubt we will ever see a phase four with this stock. I've witnessed this scenario a hundred times in the penny markets and I'm convinced this stock will turn out to be no different, with the exception of phase four. I'm sure you have witnessed the same many times yourself.
This is just one man's views and opinions on this subject, and over the last few weeks I've been contemplating how I wanted to make my first contact with you via the boards in the hopes that we could have some good constructive dialog going forward from here. Believe me, this is not the way I envisioned it at all, I know you don't give a rats rump about what people think about your views, and neither do I for that matter. To be perfectly honest that was one of your personality characteristics that piqued my curiosity about you and your style. I hope you do not view this as a personal attack because it is not meant to be that way, I just wanted to bring to your attention that there are other views out there, and I hope you and others out there are at least willing to consider them. I would very much like to continue to share opinions and ideas about this stock with you as we move forward, if there is one thing I know we both agree on is, that this stock could very well be the play of a lifetime.
Thanks very much for your consideration.
These are just my personal views and opinions.
BTW, did Roger ever accept your proposal? LOL
Schmed.
Bashers are getting rabbit punched here. LMAO! eom
Bluediamonds...
I'd say Golfer has some explaining to do wouldn't you?
http://www.investorshub.com/boards/read_msg.asp?message_id=3255223
Green Baron Update - July 27th 2004
The Green Baron Report
July 27, 2004
Stock to Watch Update
CMKM Diamonds, Inc. (CMKX)
CMKM Diamonds is rapidly becoming the stock play we had originally envisioned – The Stock Play of a Lifetime. Based on press releases announced on Monday, July 26 and Tuesday, July 27, The Green Baron Report is telling our members once again to seriously watch this stock right now. The only thing keeping us from fully profiling CMKX on our home page is the fact that the company still has not released its total issued and outstanding share count. However, we anticipate this number will be released within weeks.
Since we began coverage on July 13, 2004 , CMKX stock price has only moved slightly higher from an offer price of .0003 to .0005 despite news regarding the distribution of stock dividends, an investment in more prospective mining property, and the receipt of cash from US Canadian Minerals (UCAD). CMKX stock continues to be one of the most heavily traded stocks on Wall Street, and appears to be held down each day over the past several weeks by the market maker JEFF as he seems ever present on the offer. Please note that JEFF went to the bid side mid-day on Tuesday July 27 at .0004, and may finally indicate a change in his positioning going forward.
Last week The Green Baron Report forwarded a list of about 15 questions to be asked for an upcoming Green Baron webcast interview with CEO Urban Casavant. Although Urban expressed strong interest in conducting the webcast now, attorneys on his behalf have asked him to delay the interview until after the company becomes fully reporting. We will alert our members when we secure a firm date for the interview and its release.
On Monday July 25, CMKM Diamonds announced it had acquired a 60% undivided interest in 500,000 acres of potential Kimberlite mineral property in Saskatchewan , Canada from Nevada Minerals. CMKX now has an interest in nearly 2 million acres of land in mineral rich areas of Canada .
On Tuesday, July 26, CMKM Diamonds received its first $3,000,000 from U.S. Canadian Minerals Inc. as the first exercise of a purchase option agreed to last week between the parties. The Green Baron Report views this announcement as extremely positive for two reasons: one, this confirms that CMKX has cash on hand and should not be in any need of selling shares to raise money as has been suggested by nay-sayers; and two, UCAD’s speedy option exercise seems to clearly indicate that CMKX is sitting on very valuable property.
One final note: As announced on July 18, 2004 , shareholders of record August 20, 2004 will receive a stock dividend of US Canadian Minerals (UCAD). Although we are still awaiting more specific details concerning this dividend, UCAD stock has rallied in recent weeks from about $3.00 per share to as high as $7.35. Regardless of how many shares of UCAD that CMKX shareholders will receive, it appears that investors in UCAD view recent developments very positively.