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haha or maybe we're buying visa
I mean, according to some we're worth trillions
When I first saw the PR all I could do was scratch my head and say WHAT THE F*CK
Why would Urban do this? Even if its fluff its not good fluff...what in the world are they thinking?
There has to be more to this than what first meets the eye...
we dont need anymore publicity. anyone who is going to buy cmkx stock has already done so...
we need diamonds or a f'n PR about the share structure
maybe that was the bomb. LOL
LOL...what is Urban thinking with this Visa BS
how about we find some f'n diamonds already!!!
ha, because I wasn't fortunate enought to get in @ .0001 like some people.
Not saying this isn't a good investment; its just a little dissapointing that there will be no short squeeze, that was what I thought would make this thing really fly. But we have what looks like a HUGE kimberlite which is right next to Debeers and Shore and a GREAT attorney who's up in Canada personally. Who knows what will happen..
is it otcbb?
would be a NICE short when it stops running. I would let it run as far as possible, just keep tight stop losses and be careful holding overnight. I'm gonna be watching the price/volume relationship; when you start to see alot of volume and the price stagnating or slowing then I think its safe to assume the MMs are starting to short it and once the buying pressure dies this thing will drop like a rock...IMO
I really don't think the O/S is going to make or break this stock
I disagree, the O/S # tells us two things:
1) Urban issued 400 Billion shares and did it quite surreptitiously
2) There most likely isn't a large naked short position. This was one of the major reasons i got in here; the chance for a massive short squeeze.
Now we need diamonds, and that's about all we got.
when that thing finally reverses its gonna be severe...
valid points but Jeff has been doing this for months...only recently has he backed off
when it was no bid x .0001 JEFF was buying alot, now he's selling alot... who knows
good post
nice to know there are other rational and objective posters here...
then what about the bashers on the pcbm board?
Well first we have to agree that if someone is selling a block like that then CMKX is simply a large scale pump & dump. Personally I DONT believe that and those shares are just part of the mystery that goes with this company.
Maybe JEFF is selling for Koch...why would you think not?
Think about it...if you're running a scam of this magnitude and are going to dump huge amounts of stock wouldn't you want to hide it from all those watching. Why would JEFF draw this much attention to him self by solely posting on the ask and making it seem he is selling billions and billions. If I were Koch, or anyone else for that matter, I would go to multiple MMs and I probably wouldn't even post so strong on the ask; just make it look like you are behaving as a normal MM. I would probably have 3 or more MMs post my shares on the ask while I used another broker/dealer to sell slowly into the bid. I would spread my selling out and let the price run as well. Why not let the price go and make more $$$? That doesn't mean this isn't happening, it just seems to be too obvious for me to believe there is a large scale "dump" going on.
Those large chunks could be the 'big boys' who realize CMKX could become a huge play or it may be trades between market makers trying to spread out a large order. Honestly, I don't know but plan on finding out soon...
she's not argueing that there is no retail buying. She's simply saying there is one big seller and he has something like 100 billion shares to sell.
Now he contacts 5 or so friendly MMs and tells them he has alot of stock to move and he wants to do it 'quietly'. So he negotiates to sell them big blocks of 100 million or so @ .00038 and they inturn post those shares on the ask @ .0004. This would be a good way to take a large amount of shares and spread them out across the ask.
But that does not explain why JEFF has been the sole MM on the ask for months. He seems to make it blatantly obvious that he has alot of stock for sale. That is the main reason I don't feel this is happening.
good post.
hopefully we'll have some of those answers shorty.
what's the deal with Koch? I see he's listed as an exec. on quite a few of these cmkx related companies...
what's his history?
once again, MMs can not and are not short CMKX. If anyone is short CMKX its hedgefund clients who use the MMs to bring their orders to market.
No need to argue...only respond with a rational post and don't scream BASHER
TIA
Janice is not a paid basher IMO
unless of course you consider the CMKX entertainment value as payment...in that case, she's getting paid very well
ya sub, on an average day I'd say %25 - %50 of the volume is from 50 - 250 million blocks coming acros as 9mil trades on the T&S
This is not retail buying...someone picking up 250 million shares is dropping 100k, and it happens every day...
now, the million dollar question is WHO is selling all these shares and WHY.
just cover KLIC short @ 5.32
damn, now its going even lower. oh well, done for the day...
KLIC coming down, will look to take profits in the 5.30's
shorting KLIC again, if it breaks 5.52 I'm out with a .05 loss
ha, i shorted it this morning @ 5.45, covered a little while ago...looks like it may break through the open and keep going
ha, guess I'll wait on the oil announcement before making that QQQ trade.
naz is getting hammered again...
covered my short positions and may go long the QQQ. If the naz can stay above its LOD going long the market looks to be a good risk/reward play with a stop/loss on the QQQ @ 32.50 IMO
ya, you're probably right
just found the wording of the CIM dividend interesting
PLEASE READ and COMMENT ON:
I have been thinking about all this dividend / O/S news we've gotten and there are still a few things bothering me(in a good way) about what we’ve heard and seen:
1) All the innuendo from those ‘in the know’ saying we will be surprised as to how low the O/S is. It seems like everyone who attends the races gets this feeling and I believe, for the most part, they are ingenious when they relay the info.
2) Melvin has on more than one occasion stated PUBLICLY the O/S is nowhere near 400 Billion. Some will say he wasn’t technically lying because its actually 483 Billion but he made it quite obvious that the number was much lower than 400 Billion. Why would he go on radio and paltalk and lie over and over again when he knew everyone would find out the truth when the ucad shares hit the account?
3) The fact that OTCBB has reported a dividend distribution for ucad of .000155, which would at first indicate an O/S of 483 Billion, yet it wasn’t retracted by Glenn.
4) The PR concerning the CIM dividend.
When I first read the CIM dividend announcement something struck me as very strange yet it didn’t resonate until about 20 minutes ago.
CMKM Diamonds, Inc. will also receive 40 billion shares of CIM stock which CMKM Diamonds, Inc. will distribute pro rata as a dividend to all CMKM shareholders of record on August 31, 2004.
Pro Rata….why did this dividend say the distribution was pro rata, while the other 2 said nothing to the effect?
Pro Rata
This means in proportion to. For example, a dividend is a pro rata payment because the amount of dividend each shareholder receives is in proportion to the number of shares he or she owns.
A term describing an allocation that is based on a proportionate distribution of the total.
So, CIM shares will be distributed in proportion to the number of shares he or she owns(as per the above definition). So that forces me to ask – what about the ucad and gemm dividend? Why say you are distributing the CIM shares Pro Rata and not the others?
That makes me believe that ONLY the 40 Billion CIM shares will be distributed proportionally and the ucad and gemm dividends won’t. Basically that means that the 7.5 million shares of UCAD may not ALL be distributed to shareholders. If they were all being distributed the PR would have said the 7.5 million would be distributed pro rata(like most prs concerning stock or cash distributions).
THAT WOULD MEAN THE DIVIDEND RATIO FROM OTCBB may be calculated from less ucad shares and thus the O/S for cmkx may in fact not be 483 Billion but MUCH LESS. That would explain why the information on OTCBB was received by Roger Glenn and was never taken down. That would explain why Urban was pissed when he heard the news; knowing shareholders would calculate the wrong O/S from this. That would explain why the dividend ratio on OTCBB has that '+’ in front of it. That would explain Melvins actions and the ‘inferences’ from Insiders as to a low O/S
who knows just a thought...
Janice, for the most part I do agree that MMs are necessary for liquidity and volatility reasons but that still does not negate the fact that naked shorting is a technique used by certian 'entities' to drive stock prices lower in an effort to restrict necessary financing by small public companies and eventually drive them out of business.
For the most part MMs are not the proprietary shorts, in other words they are not using their own capital to collateralize the short, but simply acting as the unknowing intermediary. Those providing the capital are usually hedgefunds located offshore or in Canada who route their orders through complicit broker/dealers. It is the broker/dealers responsibility to make the affirmative determinations as to the availability of the stock to be sold short yet they turn a blind eye as they have a financial incentive of increased order flow to do so.
just a few examples:
http://www.nasdr.com/news/pr2004/release_04_046.html
http://www.investors.com/breakingnews.asp?journalid=22459289&brk=1
Badian and Rhino Advisors settled with the U.S. Securities and Exchange Commission for $1 million in February 2003. At the time of the settlement, the SEC said Badian was behind manipulative short sales aimed at shares of software company Sedona Corp. (SDNA), then a NASDAQ (NDAQ) listed company.
relax...she made a mistake
what school u go to?
last time i checked it was trading @ $6.00
when they announced the news it was under 5
I'm not so sure about that. I think you're referring to double/triple printing because of transactions using the 5th decimal place. As far as I know if there is an ask @.0004 and you buy @ .0004 it is printed once.
On the other hand if there is an ask @ .00038 and you buy @ .0004, the MM buys the .00038 shares which is the first print @ .0004 and then sells them to you which is the second print @ .0004
Either way I geuss we're forced to concede that those volume totals are overstated, give a take a couple hundred million or so...LOL
yes but debeers land has the best kimberlite bodies in saskatchewan. ALL of their land is valuable while only a small percentage of ours is.
I'd say this new kimberlite body is quite promosing and could produce value in the billions if economically viable diamonds are found.
I'd say all in all we're lucky if %5 - %10 of our claims have any value close to Debeers. But, there are also alot of other minerals up there which could add value to our claims. We'll just have to wait for the test results...
some thoughts on the O/S float etc.
Went back and calculated past volume on cmkx. StockWatch.com has accurate totals for the last 3 months, and prior to that(while the ticker was cmkx) I just used a chart they had there and approximated the volume totals.
I found that in the last 3 months there has been 340 Billion in volume, and prior to that about 120 Billion in volume, giving us a total of 460 Billion.
Now if we take the O/S from OTCBB(yes I know, NO PR, but just let's take the worst cas scenario) which is 483 Billion we need to subtract 75 Billion which is going to Nevada Minerals leaving us with 408 Billion. Now being that we have never had a proxy or shareholder vote that means 1) Urban has issued Preferred with super voting rights or 2) Urban and other insiders have a controlling interest. I tend to believe #2 because of the rumors that Urban owns a large amount of common stock and with an A/S of 500 Bil I think he felt safe with his holdings and the control he had.
So prior to the Nevada release there were 408 Billion of which atleast half had to held by an isider to maintain a controlling interest, leaving us with a float of less than 204 Billion. Now, I'm sure there are some other big holders that would bring the tradable common stock somewhere between 150 and 200 Billion.
With a tradable float between 150 and 200 Billion those volume numbers above would make alot more sense...it all depends on how many times the average pinksheet float gets flipped. Does it happen every month every few months etc etc?
So I would argue that the tradable float of this company is probably between 150 and 200 Billion. Worst case I would say its up around 350 Billion because we know the 75 Billion going to Nevada are restricted and insiders probably still own over 50 Billion.
Just my opinion, but a tradable float around 200 Billion makes sense with whats been going on over the last couple months. Of course, the OTCBB information could be wrong(not likely, IMO) or Urban has in fact issued preferred with super voting rights; both of which would alter these numbers greatly.
ya, they're trying hard to get it under 8.70
should be a good move one way or another, whether it be from a squeeze or longs panicing
seems to be moving back up now
ya, was thinking the same but felt it was time to move one. Really don't like holding a short position for more than an hour or so.
Looks like it just double bottomed @ 8.70
covered TLAB @ 8.72
ha, like it matters with 6.5 million shares traded so far
looking for it to break 8.75, I think it'll fill that gap from the open if it does.
guys, stop buying TLAB - haven't covered my short yet LOL
TLAB coming down...
will start to cover and take profits @ 8.75
stop/loss still in @ 8.95