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Thanks joy!
Anybody know about this company?
XYNY has seen an increase in volume over the last couple months, several strong PR's claiming no debt and yet the price doesn't move. Wondering if anyone thinks this will go north someday?
Fidelity Transfer Co
1800 S West Temple
SALT LAKE CITY, UT 84115 - 1851
(801) 484-7222
Thanks for the warning.
I know we're all wrapped up in CMKX stuff, but I've found what I consider to be one of the best undervalued stocks in a long time. I haven't done tons of DD yet, but take a look at CSJJ. Read all of the press releases and see what you think.
http://finance.yahoo.com/q?s=CSJJ.PK
From another board:
By: richmi03
07 Oct 2004, 02:16 PM EDT
Msg. 93619 of 93662
Jump to msg. #
******CMKX/UCAD Divs. Please Read*******
The following is an email I just received from a friend moments ago. Take it for what it's worth...
Oct.7,2004 1pm just spoke with Jeff Mitchell with 1ST Global concerning UCAD dividends. As per Jeff's exact words were NOBODY has recieved there dividends because they are being mailed out today for distribution. According to Jeff anyone stating they have already received their dividends is bogus bull**** or just more phantom shares.
At first Jeff Mitchell was short with my questions of the company(CMKX)holding up the dividends as schawb and tdwaterhouse had told me in a previous conversation but my persistent questioning to 1st global paid off and he finally opened up to me and explained all dividends will be mailed out the day after distribution....... NONE are electronically transferred.........
Concerning the CIM and GEMM dividends will all be treated just like the UCAD dividend... will be mailed out the day after distribution according to jeff mitchell with 1st global..by the way dont bother jeff anymore today with 1st global he is being killed with cmkx shareholder questions,try him tommorrow.
Never said I couldn't afford it. Just want CMKX to pay for it. If the pps doesn't rise so that I can sell some shares to pay for the entire trip, the trip is not worth it IMO. Plus I don't actually want to go. If CMKX does pay for it, I would be willing to show up and see what the company has to say for itself. Otherwise I plan on taking the kids trick-or-treating and couldn't care less what a bunch of people who have to use aliases in order to "talk" to each other on an annonymous form are doing there.
Restricted Shares:
I don't know if this will clear up the issue or make it more confusing, but when in doubt, go to the source. After reading the information below, my understanding of the issue is that we must hold for one year, the company may not lift the restriction. Then, after the one year requirement is met, you still have to submit a form for the Transfer Agent and Issuer to approve. If you wait two years, Rule 144 conditions do not apply. Additional conditions besides the one year waiting period are listed below.
From the sec.gov site:
*****What Are the Conditions of Rule 144?
If you want to sell your restricted or control securities to the public, you can follow the conditions set forth in Rule 144. The rule is not the exclusive means for selling restricted or control securities, but provides a "safe harbor" exemption to sellers. The rule's five conditions are summarized below:
Holding Period. Before you may sell restricted securities in the marketplace, you must hold them for at least one year. The one-year period holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But an affiliate's resale is subject to the other conditions of the rule.
Additional securities purchased from the issuer do not affect the holding period of previously purchased securities of the same class. If you purchased restricted securities from another non-affiliate, you can tack on that non-affiliate's holding period to your holding period. For gifts made by an affiliate, the holding period begins when the affiliate acquired the securities and not on the date of the gift. In the case of a stock option, such as one an employee receives, the holding period always begins as of the date the option is exercised and not the date it is granted.
Adequate Current Information. There must be adequate current information about the issuer of the securities before the sale can be made. This generally means the issuer has complied with the periodic reporting requirements of the Securities Exchange Act of 1934.
Trading Volume Formula. After the one-year holding period, the number of shares you may sell during any three-month period can't exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange or quoted on Nasdaq, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing a notice of the sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.
Ordinary Brokerage Transactions. The sales must be handled in all respects as routine trading transactions, and brokers may not receive more than a normal commission. Neither the seller nor the broker can solicit orders to buy the securities.
Filing Notice With the SEC. At the time you place your order, you must file a notice with the SEC on Form 144 if the sale involves more than 500 shares or the aggregate dollar amount is greater than $10,000 in any three-month period. The sale must take place within three months of filing the Form and, if the securities have not been sold, you must file an amended notice.
If you are not an affiliate of the issuer and have held restricted securities for two years, you can sell them without regard to the above conditions.
*****Can the Securities Be Sold Publicly If the Conditions of Rule 144 Have Been Met?
Even if you have met the conditions of Rule 144, you can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer—usually in the form of an opinion letter from the issuer's counsel—that the restricted legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and execute the trade in the marketplace.
To begin the process, an investor should contact the company that issued the securities, or the transfer agent of the company's securities, to ask about the procedures for removing a legend. Since removing the legend can be a complicated process, if you're considering buying or selling a restricted security, it would be wise for you to consult an attorney who specializes in securities law.
Divi's
I am a SHAREHOLDER that is in such APPRECIATION to ucad/cmkx for the dividends that I would love to PARTY with them in Vegas, however since the shares are restricted, I need cmkx to appreciate in pps in order to attend. Let's hope for the best! Go Urban, go Roger!
Got mine too. Ameritrade. Restricted.
What are you using to see actual volume? Everything I've tried resets itself or stops counting.
Zen,
I'm with you on this one. I figure that my current risk level is pegged out just by holding the stock, let alone showing up for the party. I'd rather take my kids out on Halloween and see the company attach a disclaimer stating "Need not be present to win".
Really?
Please enlighten everyone on BRIG's superior history of calling it right on everytime.
Also, I would love for you to pick apart one by one the "transparent" PR's and how they throw up red flags.
Oh, and also please explain Roger Glenn's involvement.
Just a little something for Friday:
Also remember to fly your flags today! Today was the last day those people were able to spend time with their families!
Tim71..
Are these one-to-one ratios? In other words, do we receive .0256 CIM for every 1 share of CMKX?
This is the wording from Ameritrade about the dividends:
"Thank you for contacting us today concerning CMKX.
Ameritrade received official information regarding 2 spin off for CMKX. Spin off are issued as dividends.
For CMKX, the spin off rate will be .0000155:1 for restricted shares of US Canadian Minerals Inc. The record date is 8-20-04, payable 9-24-04. This means your CMKX buy trades needed to settle on or before 8-20 in order to receive the spin off shares.
The company will also be spinning off shares of Casavant Int'l Mining on 10/1/04 at a rate of .0256, fractions being dropped. The record date was 8/31/04. This means your CMKX buy trades needed to settle on or before 8/31/04 in order to receive the spin off shares."
I understand. I question the PR only because I can't seem to find any info that would suggest that SGGM has any money. It's just nice to dream.
I realize that, however if someone paid the equivilent of 13,010,000,000, that tells us a true market value for 5% of CMKX minerals. Unless SGGM is completely stupid, and decided to pay too much for the 5%, this is a current value. Would you purchase a car and pay 1000% or more than it's worth? How about a house? How about 5% of some mineral claims. The fact that someone paid this amount testifies of the actual value.
Also, this is only the currently known value of the minerals. There are plenty (hundreds) of other anomolies that have not had a value placed upon them.
Yes, the shares, although variable, at the current pps of SGGM of .065 as of 2:25 p.m. EST are restricted as well. So the current price of 5% of all mineral claims as of right now it 13,010,000,000. Times that number by 20 and you get a starting value.
Now THOSE are some powerful numbers!!!!!!!
VooDooman,
The only difference I see is that one company (CMKX) is shorted like crazy and the other one isn't. I certainly don't see that SGGM is worth 114B (given the price is at .12). Doesn't make sense. If they were an operating mine, maybe, but it doesn't look like they've been in business for awhile. Where does all their cash come from?
Found this:
Mine Name: Dean Mine
Owner: St. George Metals, Inc.
Address: Battle Mountain NV
Commodity: Au
Latitude: 40.426944
Longitude: -116.858889
That's true. I just can't figure out so far why we would be interested in a company that doesn't have any on-going business. Maybe it's the mineral rights they own? Maybe they back up to our property and have something we need. More research is needed.
Not too impressed so far..Hope someone can find a reason why we are interested in this company...
SGGM -- St. George Metals, Inc.
Com (1 Cent)
Shares Outstanding: 14,487,159 as of 2002-10-31
Estimated Market Cap: 289,743 as of 2004-08-19
Current Capital Change:
Stk. Div.=3%
Ex-Date: 2003-04-30
Record Date: 2003-04-29
Pay Date: 2003-05-02
Dividends: None
State of Incorporation: NV
Company Notes:
Note=11-02 company has no continuing on-going business operations
Last Known Address (5-21-03): 1800 N. Beauregard St., Suite 150, Alexandria, VA, 22311
Transfer Agents:
Computershare Trust Company of Canada Inc., Vancouver, BC V6C 3B9
I think we need some clarification on what a quiet period constitutes. According to SEC site:
"Quiet Period
The term "quiet period," also referred to as the "waiting period," is not defined under the federal securities laws. The quiet period extends from the time a company files a registration statement with the SEC until SEC staff declares the registration statement "effective." During this period, the federal securities laws limit what information a company and related parties can release to the public. Rule 134 of the Securities Act of 1933 discusses these limitations.
Despite the restrictions, the SEC has encouraged companies to continue making normal corporate announcements in the ordinary course of business during the quiet period. For more information about what companies can disclose during the quiet period, please read SEC Interpretation: Use of Electronic Media under the heading "Issuer Communications During a Registered Offering."
In this section, the following is mentioned:
"An issuer that is in registration should maintain communications with the public as long as the subject matter of the communications is limited to ordinary-course business and financial information, which may include the following:
>advertisements concerning the issuer's products and services;
>Exchange Act reports required to be filed with the Commission;
>proxy statements, annual reports to security holders and dividend notices;
>press announcements concerning business and financial developments;
>answers to unsolicited telephone inquiries concerning business matters from securities analysts, financial analysts, security holders and participants in the communications field who have a legitimate interest in the issuer's affairs; and
>security holders' meetings and responses to security holder inquiries relating to these matters.
Statements containing information falling within any of the foregoing categories, or an available Securities Act safe harbor,68 may be posted on an issuer's web site when in registration, either directly or indirectly through a hyperlink to a third-party web site, including the web site of a broker-dealer that is participating in the registered offering.
The quiet period also applies to trading in a securities offering under Rules 101 and 102 of Regulation M. For more information about Regulation M, you can read Compliance Guide to the Registration and Regulation of Brokers and Dealers by the SEC's Division of Market Regulation."
From my brief reading, it appears that a quiet period doesn't necessarily have to be all that quiet!
Comments?
Bruce.
"If at first you don't succeed, do it like your mother told you!"
YOWZA! THAT WOKE ME UP! Oops, wife just came in the room.
Bruce.
Roll up theory?
Just wondering everyone who do you plan on rolling up with? It seems that the current trend is for distributing dividends. What is the point of distributing dividends if the plans are to offer an IPO involving the same companies that would be rolled together?
Or am I getting this all confused? Where's my medication.....
Bruce.
Fair enough EOM
I did,
If I said controlled, I apologize. I meant given permission to make a list to submit to Urban for consideration.
Bruce.
TFN,
I think the two can be directly related to each other. One of Urban's interests is apparently the well-being of the shareholder, thus Urban hires RG to help him realize this goal he has made for himself and the company. True, RG's interest is not directly the shareholder, however, the success of CMKX almost ensures that Urban's dream will become a reality. Whether the shareholder is on RG's mind on a daily basis or not doesn't really matter to me. I can look out for myself, Urban hopefully desires the same appreciation for my account as I envision, thus our dreams come to fruition.
Bruce.
Johncee,
I hope you're not advocating that "In the blink of an eye" will now replace "very soon".
Bruce.
That depends on your defenition of receive. He received authority to create a list of needy people who will be able to receive shares. Were 6B shares transferred to his name for him to again transfer to other people? No.
I also spoke with Sterling. He is very genuine. I too believe him when he tells me that he has not been paid by UC.
On a side note:
The unfortunate scenario is that Sterling has offered his opinion and thus because he has chosen to make it public, it is open for all to scrutinize. I admit that Sterling's original post relating to a future valuation peaked my interest, however IMO it may not be realized until 10 years down the road, if ever, and that original post is certainly not the reason why I am still long on CMKX. I had actually found CMKX a full month prior to even knowing who Sterling was, let alone trying to find him and where the post originated from. My DD confirms my continued support of this stock and the management.
My concern is for those who do no DD. They read a statement on the boards with the ambiguous words "very" and "soon" made in conjunction with a theory of wealth, yet when the time-frame they have conjured up in their mind isn't obtained, they turn on their "mentor".
I will never use the term "soon", let alone the term "very soon" to describe when I think this stock will appreciate in value. Much of the anger and misunderstanding of this stock is based upon the rumors, the unsubstantiated "facts". One of the biggest pitfall's of this security relating to shareholder enthusiasm was the "Christmas in July" proposal. Then we had the "very, very, very soooooooon" mantra. Now we expect a Labor Day salvation. I hope it comes to pass, but for balance, let us remember our friends "time" and "patience".
Have I enquired about the cost of an automobile that I would purchase should this increase to the level I believe it will be in the short term? You bet. Have I told the saleperson to put it on hold for me? No. Cash in hand is the answer, and although PR's are nice, I still see no appreciation from my initial investment. Had I been able to see the future, I would have sold at .0011 and purchased again today. Such is not the case, and I hold with confidence for what will happen sometime in the future.
I apologize in advance for my ramblings. These are just thoughts I've been having. I would love to be wrong about any of the above "very soon"
Bruce.
If you are unable to understand the English language, please post on another board. You seem to be the only one who is unable to understand when words are connected together to make sentences.
But in order to help, I will talk slower. You..said..that..people..were..betting..the..farm..please..provide..proof.
As does your tag line...unable to think for yourself.
I'm with you on that sandgoat,
There is much yet to be revealed IMO! It's a little upsetting to me when something is discovered regarding CMKX that is instantly taken to be a negative. My wife is an optimist. I didn't used to be, but after living with her for the past 16 years, I've learned that there is much more happiness in being happy than in seeing the bad in everything. I could dream up several awful scenarios from what I don't know, but from what I do know, I choose to remain positive about the future of this little stock! I think it will be an amazing adventure that hasn't even begun yet for the shareholder. We had a minor, insignificant jaunt to .0012. If people were excited about that, I think we ought to invest in the makers of DEPENDS, 'cause the fireworks just haven't even begun! Urban has been excited and positive for awhile. Someday we'll all know why. Some say it's Labor Day weekend. Wouldn't that be the kick in the teeth for the bashers? Let's see, Labor Day...a government holiday to give rest to those who Labor...a day when CMKX shareholders will turn in their two week notice to stop their Laboring! I wish! Anyway, hope it all turns out for the best! If not Labor Day weekend, Halloween! If not Halloween, Thanksgiving! If not Thanksgiving ..........
Be good, be positive, it's a lot more fun!
Bruce.
Just found out about your board Mach. Hope it's o.k. to post here. I no longer read Sterling's board, haven't for months now. Spend a little time on Varok's board, that's how I found you here.
In response to a statement you made lollybella, I haven't "talked" with anyone or have heard of anyone who has bet the farm on this stock. 99% of the people who post say that they are adding to their positions by a couple of million shares at a time. Even if they had chosen to purchase 10M shares, at today's rate that's only 3K. If that's betting the farm to you, I wish you luck in rebuilding your double-wide after a wind storm.
It seems to me that most everyone on this board is reasonably intelligent, invests wisely, and hasn't allowed this to go to their head. Why you have chosen to not only mention your investing philosophy but to post it in bold and caps makes me believe you have misjudged this group. Maybe it is you who are nervous about the amount of shares you hold? I don't know, but I would imagine that people here hold other investments in varying amounts. Even Mach to report that he has 67M shares is hardly an amount to sneeze at. Maybe he purchased them at .0001, maybe he purchased them at .0012. We don't know, nor do I care to find out.
Hopefully your motives are to inform rather than to condemn. I personally haven't seen a slaggered style of share purchasing to warrant your last sentence.
Bruce.
MASG for Monday!
Q4 EPS was 2c; +107.69% vs yr-ago.
That is over 100% INCREASE vs Q4 last year.
The high last year was .05
The stock will be returning to last years high due to 100% EPS INCREASE.
If you buy at .014 or less you should get 250%+ return on your money based on the stock going to .05 again. If it continues to provide increased profits this year (as the company has stated) you could expect as much as .10 or 600%+ return.
This stock is a sleeper. It has had RSI's over 75. So, when it decides to POP watch out.
http://tinyurl.com/2397s