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Didn't seem very startling to me. And it was a dumb time to announce it. No one will know about it except for people actually following the stock.
How about that PR today huh? credence?
Any plan that includes gagging the TA is a bad plan. Bad for "investors", anyway.
I will not be surprised for a gag order to be placed on the transfer agent given that this may be an integral part to the plan.
The question is: Will Urbie gag the new TA as he did the old one?
Multiple confirmations that the transfer agent should have the O/S share count ready on Tuesday (let's assume Wed. to be on the safe side).
My opinion?
What is this board's current opinion of this "sterling" character on RB? Heard a taped recording of a conversation of him explaining CMKX and the MMs last night, somethings just don't add up.
He couldn't be more clueless if he tried. He has a gigantic ego, and the adulation he's getting really turns him on. He hints at having a lotta insider info, but I doubt that he really does.
I see. They created the company, and then sold their mineral rights to it. Oh my.
Urban and boys were the "seller" of rights to CMKI for mining (gist). CMKI was to give them 2.8 bil. shares (convertible?, it doesn't say) and $2mil. cash. The PIPE closed on 2/3/03 for $2mil., the same day this DEF 14C was received.
I think it would be a good idea to bear in mind that you have almost NO real information about CMKX's "prospects". I have the impression that many have lost sight of this, and are giving too much credence to the rumors, Melvin's "hints", and Sterling's off-the-wall prognostications.
You can't just look at a company in the development stages, especially when the prospects are so bright.
If true, that alone is enough to get him sued by the SEC.
then he ( UC ) preceded to finish the conversation with this little gem, “Buy all you can period before June 16th
You exclude common or garden variety profit taking?
My spouse and I talked about yesterday's activity, and we both came to the same conclusion: It was dead certain the MMs were trying to kill the rally.
Oh, okay. But I've always thought of "cost basis" as what my cost basis is in the stock I currently own, not including what I've already sold.
You may find this site interesting...
http://www.budgetcorporaterenewals.com/Information/Tip_of_the_Week/tip_of_the_week.html
Think so?
There seem to be more novice investors on this board than on many others..
See here; it'll boggle your mind, if you have one left after reading a dozen posts:
http://ragingbull.lycos.com/mboard/viewclub.cgi?board=CLB01219
lol, I absolutely agree with you about the naked shorting myth. But...
This poster talks about the company having a special class of preferred shares with voting rights (which makes little sense to me since as a licensed broker I always understood that the COMMON has the voting rights and the preferred do not...).
You may not be as familiar with the extensive rights of Nevada corporations as many of us are. Yes, you can create a preferred class of stock, and, say, issue 1000 shares to yourself, each share having voting rights of, say, 2 billion shares. Whatever you want. I've seen this done. One case in point is IFTA, though there've been many others. Needless to say, super voting rights for preferred stock ensures that management controls the company no matter what. It also makes it possible to retain control without issuing as much common as Urbie has done. Guess nobody told him about that.
And a further benefit: when you do the inevitable reverse split, you can reverse ONLY the common, not the preferred. Cool, eh?
Please explain how your cost basis can be lower than the lowest price you paid. I'm sure we'd all like to pull that off.
By doing this, my average cost-per-share is LESS than 0.000038, and I now have many more shares than I orginally purchased at 0.0001.
Not really.
But since CMKX is still trading , one would assume that there are no real problems.
In most of the cases I've followed it's taken them years to get around to bringing a public action.
Here's an example: I first became interested in AZNT in August 1998. As I soon learned, at least two other people had been sending complaints about the company to the SEC for months. I and others followed up on that. In February 2000, the company brought its "basher suit" against me and others. The suit was dismissed in August of the same year.
What we didn't know at the time was that the SEC had opened a formal investigation sometime before September 1999, which was when Mad Mikey Sylver gave his first deposition. His second depo was conducted in June 2000. He'd been served formal notice that he and the company were under investigation. Yes, he should have included that information in his SEC filings, but, ah, he'd decided to stop filing.
The SEC didn't actually get round to filing an action against him and the company until February 2001. Should they have told us what they were up to? Should they have intervened to stop the frivolous "basher suit"? I think so, but that's not how they work.
So don't even begin to imagine you know what they're up to. The only times I've seen them move quickly were when serious public health issues were involved.
THE NAIL THAT STICKS UP MUST BE HAMMERED DOWN!!
Enthusiasm is one thing. But Melvin, in the name of the company, was telling people what they wanted to hear. And that can make for real problems. One thing when CMKM was just another pinkie trading at 0.0001, but of late it's attracted a lot of attention. I'm sure some of it is from regulatory agencies.
If this was just a pump he would be making more volcano metaphors no?
LOL!! That sounds pretty sinister.
No idea. None that I care to post here, at any rate.
Janice, What will the next pr be about? In your honest opinion?
You mean a trading suspension??
perhaps a halt is part of plan.eom.
LOL!! Did wonders for PCBM/SRCI. And yes, there were some there who thought that being suspended and sued by the SEC was some kind of strategy.
Roger?? You actually know him?
I fired off a SCATHING email to Melvin over the weekend noting how disturbed I was with respect to all the online chatter and recommended he sit his plump rump down with Urbie and Roger and they get a few things straightened out on what is and isn't appropriate to share with investors.
That said, you are, of course, right. Melvin needs to be muzzled. Probably Urbie does too. As I posted earlier, I doubt we'll be seeing any more fluff PRs.
assuredly Roger has collared the two of them and said "You listen to me. Shut yer traps and shut'em hard." This is the beauty of a GOOD lawyer as compared to the general "counsel" that normally advise pinks and otcs.
Nonsense. Just about any attorney who isn't crooked advises his clients not to talk outta school.
Yes and no.
regarding the 15C-211... I bet D. Roger Glenn, Partner at Edwards & Angell, LLP can help CMKX with that.
Wouldn't you agree with that???
Glenn could work with Urbie to provide the information required--which includes audited financials--but the Form 15c2-11 is filed by a market maker, not by the company. And there's nothing you can do about the SEC's comments and questions, which can be quite pesky.
I assume you mean some kind of merger. Be careful what you wish for. Any merger would, in my view, necessitate a very large reverse split.
janice... maybe they get to OTCBB a different route...
No. I'm saying it could take months for the SEC to approve a relisting on the OTCBB, assuming any MM is willing to sign off on a 15c2-11.
Yes, and that can take months.
Once they have filed all required financials they must have a Market Maker file form 15C2-11 and that must then go through SEC comments.
Now that Urbie's hired a pricey attorney, I rather doubt you'll be seeing many PRs.
i'd like to see a sting of pumps at regular intervuals however thats spelt that took us to a penny.
Yes, that's true. And at a bare minimum, CEOs should avoid gagging their TAs.
A corporate entity has a Fiduciary Duty to their shareholders.
Hello trade15
You need to pay attention. I did not say that. I was responding to another poster who said that.
I noticed in this particular posting you stated " I never quite grasp this MAJOR SHORT SQUEEZE crap because they NEVER seem to cover the supposed MAJOR short positions. If they were going too, they would have in the last couple days. They would of HAD TOO with such volume. "
That poster was saying, essentially, that he doesn't buy into the GetShorty stuff. Neither do I.
All clear now?
Hello trade15
We've both expressed our opinions on this point several times. Shall we agree to disagree?
NO they do not. That's the whole point of being on the Pinks: you have no responsibilities to the SEC.
Jim they have to report as a pink sheet, for the simple reason that they are pink.
This is one of the most implausible explanations of dilution that I've ever heard.
UC raised the A/S to 500B but did nothing with them just to get the MM'ers to short them so he could buy those shrt shares under .0001...
Urbie's really having a ball with your money, isn't he?
ASA Speed Trucks Shine Bright at the “Bullring”
lol, no. Jarta is also an attorney, and he loathes All*n.
I'm sorry, I don't understand your question.
Janice shell,, is it true that CMKX being in Nivada doesn't have a limit on what they call put out for shares?
But Nevada companies can do pretty much whatever they like.
Exactly:
I never quite grasp this MAJOR SHORT SQUEEZE crap because they NEVER seem to cover the supposed MAJOR short positions. If they were going too, they would have in the last couple days. They would of HAD TOO with such volume.
There isn't enough time for them to get all their financials done, submitted, and approved for listing on the OTCBB by the end of this month.
'janice shell',,,, Who said they are reporting as a Pink stock...
Only the NYSE and Amex have trading floors.
unless your on the trading floor you realy cant see what decisions that are being made. or overhear what they are discussing.
hmmm....I see. Edwards Angell is the very best law firm in the whole wide world! NO other law firm could POSSIBLY be compared to them!
It's just comical to me that anyone here is seriously making an effort to compare other law firms to EdwardsAngell...
Do they happen to be your employers?
Yes. Jag Media (until recently OTCBB; Pink since Monday) hired the mighty O'Quinn. So far he hasn't been able to do anything much for 'em.
Mapleton, have you ever seen a pink sheet company hire a law firm at the level of Edwards & Angell?
False rumor. Pinks don't report.
The 23rd of June is the supposed day that CMKX completes an annual filing with the SEC...
They certainly don't. Get a load of this. Really creepy:
By: stervc
07 Jun 2004, 07:01 AM EDT
Msg. 14632 of 17167
(This msg. is a reply to 14625 by ibizkid.)
Ibizkid & All, about Pennyblaster...
I agree Ibizkid about your thoughts with Pennyblaster. He/she is very careful with words.
I am hoping that he/she could see the positive loving environment of growth that we are maintaining here in the Classroom and have a forgiving heart.
I will give him/her a chance to conform and change his/her ways or he/she will be removed. I have seen some progress at times. The rope is almost gone and he/she is being watched very hard.
My conscience is clear for trying to help with him/her. I do not expect for him/her to disrupt the board anymore. This is his/her last chance to conform!
All is well!
http://www.sterlingsclass.com/
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=14632
Nah. I think she'd rather have really big rocks.
And isn't that just what a wife wants to know ... that she is numero uno?