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i don't even know what you mean by "oversubscribed".
Any broker actually advising clients to buy CMKX would have found himself out of a job very quickly.
Yes, seems he did. Acca and the Accalytes can be quite annoying, can't they?
Brokers are middlemen. The ONLY people who can issue stock are CEOs.
We do know there is still life going on in the company.
Nothing's going on. You'll get your Entourage distribution and that'll be it. I do believe the SEC will continue to go after the perps, though.
The zinc claims are gone anyway.
lol, you've been spending way too much time at RB.
Well....evidently there was a 16" wave, so maybe it's all gone...
Once again: it's easy to find out who owns what Canadian mining claims.
OMIGOD!! I wonder what the new (tiny) tsunami did to the DoM!!
The broker was wrong. Urbie kept raising the authorized and issuing more stock, which was then registered through sleazy opinion letters written by his attorneys.
snicker....
Cruise ships have other perils these days: food poisoning, newlyweds disappearing overboard, and piracy.
I'll take a tsunami any day.
CMKX is not a shell. It's been revoked, and so has no value because it can't trade.
As for the "second half" of the CIM and GEMM divvies, they were never paid because they were based on an o/s of 1.5 trillion. Evidently Urbie planned to issue much more stock at the time the divvies were planned. Then the USCA investigation began. I suspect Urbie was advised not to issue any more stock.
So "investors" didn't get the rest of their divvies.
LOL!! They just cancelled all the tsunami warnings.
What ARE you talking about?
CMKX was just the ticker. "CMKM" is the company. Same thing.
People are short CIM from the payout a couple of years ago.
No they're not. Everyone got their divvies.
I've noticed a lot of gurus don't want to talk about CIM for some reason.
To a man, the "gurus" are misinformed idiots. And that's the polite description.
Was just watching CNN. They have some reports; apparently it isn't all that threatening.
CMKX (the stock) has been revoked. It will never trade again. CMKM Diamonds (the company) will be liquidated once the Entourage distribution is complete.
CIM is irrelevant. It isn't difficult to find out who owns what Canadian mining claims. Urbie is no longer a player.
CMKX doesn't have any mineral claims left.
Urbie stopped passing out the KoolAid when he started taking the Fifth.
Several people on this board are part of the Canadian mining community. If CIM were really forming a "conglomerate", they'd know about it.
In the meantime I wonder if the conglomerate that everyone thinks is forming has formed and ready for IPO.
There is no "conglomerate". Too much KoolAid not good.
Ahhhhhh, I don't think you have a very good feel for this board.
Just turned on CNN, but they're talking about bird flu.
Nothing is going to happen with CMKX, except that I believe the SEC intends to take further action.
Stocks get shorted for two reasons:
1. The company's in trouble
2. The stock's a technical sell for a brief period
lol, I was joking...
I always find Pravda a most excellent and informative source for U.S. market news and commentary.
lol, that's identical to yesterday's PR.
lol, yes, of course it is. But why are they "investigating" the possibility that the preferred, if converted, might be greater than the amount of the authorized common?
Unless they've fixed themselves up with a cozy anti-dilution clause.
A lot of people would like to know if they have been led on.
They haven't figured that out yet?
No idea why there hasn't been an announcement about the sentencing. But court dates often get postponed for pretty trivial reasons.
Now THAT would be major fun!!
lol, there wasn't any "big meeting". It was just the Task Force and Urbie, getting together to discuss how to manage the Entourage distribution.
BTW: Did Elgindy get sentenced yesterday?
Don't know. There hasn't been a word about it anywhere.
lol, there ain't gonna be another party, unless it's a Basher Party. It's not us who've run out of steam; it's CMKX.
LOL!! Ed Salmon seems to be one of the few penny stock low lifes NOT involved with CMKX.
What's your take on the preferred? Are Megas and Sytner protected from dilution?
Good question, isn't it?
He has several residences as well. Must have at least one car at each.
Must be cost of living. These higher gasoline prices are a killer.
That's the same as the caveat in the 10-Qs they've already filed. If they get the rest of the Ks submitted, then they may be out of the woods.
I guess only unemployed tilers have access to that kind of confidential information.
We'll just see how she unfolds, anyway Im holding to get my dividend shares. Few more weeks is all.
When do you expect the dividend notice to be filed? How do you think it's possible to declare a record date in the past (yesterday) without having made the filing?