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"Accordingly, I will predict that USCA will begin trading again tomorrow but the company will continue to keep us in the dark on anything behind the SEC meeting, the outcome or any other relevant news. Also, very possible the SEC will extend the suspension period given that they had their meeting today."
Nice hedge Zen
Mach, that is why I ended my post that I didn't know what the other booths looked like.. I hear ya.. shouldn't have said anything..
Willhub
Reality = if you are going to spend money at this type of show, you don't go halfway.. This is where you establish your image as a viable company to potential buyers.
If they did have interest and got some orders I can assure you they would have gotten many more if they would have had a decent display. This would have paid for the extra expense at the show.
But then again I didn't see the other booths so I don't know what the norm is.. lol
Willhub
Maybe I missed something, but how do you blame the shareholders for the situation USCA is in? Everyone knows that the posts on these boards don't amount anyting. Whatever problems USCA has must be laid at the feet of those in controll, not the shareholders.
willhub
Can someone explain how to read this data and how it proves naked shorting?
Thanks
Willhub
Well, I don't want to get into the whole Federal Reserve, SEC, and DTCC make up here, so I will leave it at that.
Willhub
This fee is what I was referring too. The volume is created by investors, not the exchanges, so who pays this fee?
The SEC does not impose or set any of the brokerage fees that investors must pay. Instead, under Section 31 of the Securities Exchange Act of 1934, self-regulatory organizations (SROs) -- such as the NASD and all of the national securities exchanges (including the New York Stock Exchange and the American Stock Exchange) -- must pay transaction fees to the SEC based on the volume of securities that are sold on their markets. "These fees recover the costs incurred by the government, including the SEC, for supervising and regulating the securities markets and securities professionals."
http://www.trading-glossary.com/s0063.asp
http://traderstatus.com/secfeerates.htm
http://www.netxclient.com/universal2/invest_glosry_SSg.htm
http://www.sec.gov/answers/sec31.htm
So the SEC doesn't receive a fee for all securities sold on the exchanges?
How can we be sure the SEC will be working for the shareholders interest and not for themselves? After all it is my understanding that they derive their income from the very system that the MM's do. The more shares traded the more money they make.
They have to be aware if there is illegal shorting going on. Why haven't they stepped in to do something about it? Do they even publicly acknowledge the problem?
Willhub
Time the company got real and gave the 40,000 plus investors?
Has anyone confirmed that number?
Willhub
Paintedhorse, what is your take on the CMKX naked short spectulation?
Thanks
Great insightful post Bo, Thanks.
I agree with that, and believe we see that soon enough.
It doesn't make my day, just shows that others recognize the same. It’s not a big deal, just common sense.
Yes it really does matter.
Luck implies that Mr. Cassavant stumbled around without aim or purpose while securing these claims at great expense in both time and money.
Luck implies that Mr. Cassavant stumbled around without aim or purpose while putting his race team together to attain exposure for his company that has grown too many thousands of shareholders.
Luck implies that Mr. Cassavant stumbled around without aim or purpose and just “happens” to run into the contacts he is now using to move the company forward.
None of this was luck, it was all well planned and for anyone who is in this stock at this time to believe it was luck is just incredible.
Willhub
I think RG is up to the job also. But he isn't the company or prime mover, just a mouth/lawyer who is there to do a job.
Venom, jealousy LOL, I couldn't care less who reads Zen or who reads any posts. What I do care about is the spreading of misinformation concerning a stock that I am heavily invested in.
Zen was among the first to post back in August concerning the pain CMKX shareholders would face in the coming months as the MM’s attempted to shake the tree. Well it seems to me that he was among the first to freak-out when the real pressure was applied.
Willhub
dustybuttler1 quote;
“Urban has spent many years accumulating claims but has never produced one viable mineral claim that I am aware of. What has he done, in your opinion, that proves he is a successful businessman...other than the accumulation of claims?”
Your statement above doesn’t correspond with what you have written below. I believe that the companies that have offered cash and dividends for interest in the CMKX claims are good proof that Mr. Cassavant claims have value.
dustybuttler1 quote;
“But I do believe CMKX has a major short position that is as good as gold... or better! So I think it is up to Roger Glenn (and not zeninvestor or Urban) that will decide our fate. Again... totally my opinion.”
What do you think will cause a short squeeze to occur? If CMKX claims do not have real value then your anticipated run up for the gold will never happen, because there will never be a reason for the MM’s to cover. They will short this stock into bankruptcy as they have done too many other weak pink sheet stocks in the past.
You are betting like everyone else that Mr. Cassavant indeed has proved his successful, why would you be in this stock if you think otherwise?
Willhub
Well dusty I don't believe that, are those who seek to destroy us are brothers? No no way.. attacking Mr. Cassavant as if he is something below stupid and just lucky is not a brotherly act. It reminds me of the idiots that say GW is stupid, even tho he has a business degree from Harvard and has flown jets.. that dog don't hunt IMO
For those who seem to think that Zen’s comments should go without being challenged, I would ask you who decides what constitutes bashing. Is it in good taste to refer to Mr. Cassavant as lucky,? For an entrepreneur that is the insult of insults, call me a dog but don’t call me lucky. Luck is for losers and not for winners. Losers hope to be lucky, winners create their own luck.
Willhub
LOL , Urban is lucky, Zen is smart and insightful.. what a joke.. get real people who brought you here, Zen or Urban?
If this deal tanks, who you gonna blame, Zen or Urban?.. duh!
Let's not get into any pissing contests here...well who started the contest here?
Look, worship Zen if that is what rings your bell, but words have meaning and Zen has shown his spots ( for those with ears to heard and eyes to see).
Do it, don’t ask for my permission.
Zen needs to do some REAL DD concerning who Urban Cassavant is before he bashes him! Zen call Richie Klein at Las Vegas Speedway (if you have the juice to get him to talk to you) and ask about Mr. Cassavant.
Zen's respectability is void when it comes to evaluation of who Urban is. When someone believes a person who has gone to the extremes that Mr. Cassavant has gone is lucky, well that man is a loser. Many people out there who don’t have a clue call successful people lucky.. I have heard it all of my life and those who say it never attain anything; he went over the line when he took that road.
The party is one thing the stock play is another.
Bottom line is that Urban had the value of this company long before Roger Glenn came aboard. Anyone who invests in a company because of an attorney and not the principles is gone. Zen is clueless; it isn’t hard to understand why he is not a big time lawyer. Entrepreneurs blaze new ground, not lawyers!
Zen’s quote;
“That is why for a month I harped on NOT celebrating before you have won. I am firmly of the opinion that in Urban's instance, it is better to be lucky than smart.”
Zen your comments concerning Uban are laughable, so the great Zeninvestor is investing his hard earned money with a company who’s CEO is lucky… what a hoot!
For your information:
Urban is and has been a millionaire for many years. You have the gull to call a man who has much, much more on the ball and money in his pocket than you have, lucky? You have to dig up $1500 to invest with this so called lucky man?
Zen, do yourself a favor and back off, anyone with any scene is seeing right through you now. Your about to get knocked out of the park.
Willhub
Yeah, Urban was lucky.. That is about the stupidest statement I have ever read on any board. Winners make their own luck by action. And gaining all of those claims was not luck, it was action.
Losers hope to get “lucky”!
Willhub
I registered months prior. I have been to many events bigger than this, it is just a matter of getting your ducks in a row to pull it off.. and they didn't do it.
Why give someone credit when they don't deserve it, to be the political correct! BS that is ruinning the fabric of the country today.
Ed Dhonau was asked at the party if shareholders should contact the SEC. His answer was emphatic;
bad idea did not want to cause anymore attention to be focused on USCA or CMKX at this time.
Yeah right, I traveled 2500 miles to stand against the wall and eat dinner!
Sterling quote:
"The logistics for putting that type of party together was extraordinary. Good job to Christina Hanneman and all those who were responsible. Many have no idea what she went through to make such happen for us. I do and I along with many others are very thankful to have her as part of the TEAM!"
This was a great party IF you were sitting at a reserved table. But for those of us who couldn't get a table it wasn't so great. The logistics for putting this type of party together is not rocket science and I do not agree that Christina Hanneman did a good job.
Come on, these people didn't have a clue concerning how many were to attend. They had pre-registration online and registration on site and still couldn’t get it together. Sterling must believe that these types of events are rare and don’t happen everyday, it took them almost an hour to get tables after it was apparent that they would need more.
Sterlings post is nothing but spin IMO. What happen at this event is that those who put the party together forgot to manage the party once it started (rookie mistake happens all the time), they wanted to party also and let it run on automatic and it doesn’t work that way. A party with 800 to 900 people is a big event, give me a break!
Willhub
That was the point, any information given at the party could be used as inside information, that is the reason nothing was said.
What I heard was a more detailed explaination of the events, nothing more.
Then if you were there you know what was said concerning shareholders getting involved with the SEC.. and the rest of the words that were spoken.
For me that little session was well worth the time and money. Zen's pre-party posts saying the money spent going there could be used to buy more cmkx stock. Well it worked in reverse for me.. lol
johncee it will play out in a very positive way without any action by the shareholders concerning the SEC.
What I heard at the end of the party in LV was very positive as to the actions that were planned for the nite of that party. Unfortureately the action by the SEC prevented the planned announcements by both USCA and CMKX.
The real action or news wasn't the drunk women on stage, but what was occurring in another room. I'm not going to post what was said or whom the persons were saying it.. surfice to say that I am buying more CMKX because I attended the party in Las Vegas. 0
Raging Bull.. not RG
Correction should read RB, not RG..
Also "privately" the word is that paltalk and RG are poison. DO NOT BASE ANY INVESTMENT DECISION(S) on what is said on these boards. Paltalk especially.. very stong on that point..
buy you know that right?
Also "privately" the word is that paltalk and Raging Bull are poison. DO NOT BASE ANY INVESTMENT DECISION(S) on what is said on these boards. Paltalk especially.. very stong on that point..
buy you know that right?
bad idea Tim, we are also asked by Ed Dhonau privately not to contact the SEC at this time.. it will only complicate matters.. Why don't all of these people just let this play out and stop trying to be "pro-active".
Gump, right after they ran the video (they introduced it as "selfexplainatory", making people antiscipate it might be some news about the company.) as it ended, she shouted BS very loud (the video was about the race car and some shareholder who had died a month or so ago). At that point most people began to exit - I went into a side room after a couple of mins.. (didn't see anyone get on the stage) but I was within hearing distance just outside and I did't hear her.
So I don't know, just know that most of the reports I have read are overblow-un.
I don't know about the hit Uban took for the company, but I was there and know that Ed Dhonau speaking as a shareholder told us privately that under no circumstances was anyone from either company to speak on stage and that they had planned for Roger Glenn to say a few words but at the gathering earlier in the day a shareholder had said somethings to RG and he decided that it was in the best interest of the company that none should speak.
Also, the attendence was not thousands, I counted approximately 800 to 900 total. The room set up in a banquet setting will hold 1200 to 1500 depending on how much room is left for the dance floor..
I must say that from reading the boards it is almost as tho I attended a different event.. but as I posted before I left, that is why I went for myself..