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Thanks...I'll check Amazon.
No.
Do you think that naked shorters have been involved with CMKX ?
Just out of curiosity, has the company ever OFFICIALLY declared that it believes there's any short position at all?
NO, there are naked shorts! EOM
Wrong on two counts.
That 500B was started just because Nevada states that that is the maximum that any company incorporated there can have as an OS.
Far as I know Nevada places no limit on a stock's a/s. The 500 billion figure is derived from CMKX's actual authorized. The fact that Urbie raised the figure to 500 billion suggests to some of us that he needed to issue a large amount of stock.
Is St Sterling unaware of Reg FD? Does the term "insider information" mean anything to him?
Now just how can we be sure that Urbie told anyone anything of the kind? If he did, his new attorney needs to have a serious talk with him:
We just got info directly from Urban himself to one of our sources whose name is Topogigio on
the RB board. Here is a quick rundown of info:
Who is Randy Studer and what part does he play with CMKX?
Studer worked with Urbie when Urbie was CEO of Petro Plus. When PP was delisted and Urbie resigned, Studer took over as CEO of the "consolidated" Northern Star, which then went on to become Odaat and Explor Resources. Randy is also owner and operater of Nort Sask Ventures and Durama:
Casavant Mining Kimberlite International Announces Purchase of 25 Mineral Claims and Ground Magnetic Survey Update
Wednesday, 03-Sep-2003 6:40AM PDT
Story from Nv Casavant Mining via BizWire
Copyright 2003 by Business Wire (via ClariNet)
LAS VEGAS--(BUSINESS WIRE)--Sept. 3, 2003--Casavant Mining Kimberlite International (OTCBB:CMKM) is pleased to announce the purchase of 25 mineral claims from North Sask Ventures Limited (a private company), approximately 10,912 acres in the Fort a la Corne area. After airborne magnetic surveys were conducted in the Fort a la Corne area, most of these claims were staked by previous claim holders, due to anomalies that were acquired from data taken from the airborne magnetic surveys. Two of the 25 claims are adjacent to known diamond-bearing property operated by Kensington (KRT), Cameco, DeBeers Joint Venture in Fort a la Corne. Claim #S-135017 is south of kimberlite body #152 and claim #S-15016 is north of kimberlite body #168 both which are operated by the joint venture. Claim #S-135018 is adjacent and north of Shore Gold's (SGF) Birch Lake kimberlite. The remaining mineral claims are strategically located and are currently surrounded by numerous other claims held by CMKI and other claim holders in the area.
Durama Enterprises Ltd. which was recently awarded the mining and exploration contract for CMKI have mobilized their crews and are currently working on the first phase of the contract. Durama has obtained and is authorized work permits which were issued by the Saskatchewan Environment approved for these 25 mineral claims and the previously announced 30 priority targets selected by senior project geologist, Dr. Mark Hutchison. These work permits are issued for line cutting and ground geophysics which include magnetic surveys, as well as gravity surveys. Seven targets of the first 55 selected have had ground magnetics completed by Durama on them with a gravity survey follow-up to commence shortly. Results for the first 7 targets are expected later this week or the first of next week. If the gravity survey is confirmed positive, the target will be drill-ready....
http://quickstart.clari.net/qs_se/webnews/wed/dp/Bnv-casavant-mining.Rx2u_DS3.html
One of the first things the new attorney should do is gag "Sterling" and Melvin permanently.
Their insider mutterings could prove dangerous.
Good take by Sterling.
lol...
from another board..my feelings exactly..
http://www.investorshub.com/boards/read_msg.asp?message_id=3259299
Gotta love the comparison to Bre-X:
Was just thinking about BREX. Remember? It was that completely, criminal gold scam in the late 90s. I'm not comparing the two - I just always wondered WHO in their right mind would pay $400+ per share, after it ran up to those prices - vitually overnight. I finally figured it out. It's greedy, rich people. They're ALWAYS there in any price explosion, at any price, trying to make more. I hope their relatives will be visiting CMKX real soon.
Ever read any of BBBabe's stuff? Damn it was funny. All about MMs and DTC and the like...
Then that's a positive.
The only thing I'm sure of, is that the drill program is legit due to Rick Walkers' involvement. He's always been well regarded in the industry and has never had any regulatory infractions.
How many people are involved in the current drilling program?
Are you serious? Daryn's that worried about a single post on this board? I wonder why...
Does Daryn "know" me? I imagine so; many of us used to rag him about his paid but undisclosed hype on SI years ago.
The only questionable thing i've seen is her post about Darren from IBC which will be addressed on Monday by them.
I'd say that retaining a law firm of this caliber doesn't run to form. But it's the first thing that hasn't.
meantime, would you say this is not following any usual pattern you are used to seeing as far as scams go?
You asked that before. Doesn't make sense. Filings confer credibility. If they had 'em ready, they'd file 'em.
But it could be possible that they have the filings already prepared isn't it ?
Unless, of course, they'd rather just talk about filing them.
'Fraid not.
What would interest me would be a positive announcement about mining prospects. I don't think the attorneys are gonna explain why they've been hired, or why they decided to take on CMKX. We'll just have to wait to see what they do.
At any rate if it starts to look that way to you, would you announce your opinion of that here?
There are many reasons, but companies that want to be on the Pinks have for the most part always been on the Pinks. Generally they aren't interested in trading. Some only use the listing to facilitate their employee options plans and the like; there are no shares available to the general public.
As a matter of fact, the Nasdaq originally listed on the Pinks. Nobody even noticed. Wouldn't have done any good, because no stock was available to buy.
Do you know why these companies choose to remain , or move to the Pinksheets ?
However, CMKI, as it was then, was simply delisted from the OTCBB because it failed to file.
Yes it does.
Urbie doesn't have a stellar track record. Far as we know, the company is cash-poor. This isn't the kind of operation that you can get up and running and profitable in the blink of an eye.
So what's the attraction for the law firm?
I'd say it's extremely puzzling.
anice would you say that it is impressive
that they have retained a law firm of this caliber?
LOL!! I should think that'd make him unbiased.
Also I noticed he doesn't own any shares , would that make him biased ?
Not correct? They have to do several years' worth of Ks and Qs. That takes time, and it costs serious money.
Exactly.
All either of us can do, is make a best guess estimate based on how we perceive the available information.
btw, CMKX didn't have to be delisted from the OTCBB to the Pinks. It was a choice. Why did Urbie make that choice?
Yes, but they seem to have some doubts. How much d'you think they've spent so far? Evidently they need to spend about $20 million more for the bulk survey...
Industrial diamonds only, or gem quality?
I don't.
No comment on the Shore report?
Always reminds me of SlurpAll*n and BBBabe, the People's Poet.
I explained why I believe that last night, as you very well know.
Just curious , for you seem so sure that the shares outstanding will be extremely high.
No. As I pointed out last night, even GE doesn't come close to having as many shares out as Urbie does.
Do you suppose that he believes the properties have enough potential to bring value to the company with it's present share structure ?
Maybe it's just me, but I hate when they turn to "poetry".
Yes. With reverse splits--should you choose to play them--the key is to get in just after the initial dump, and sell into the subsequent pump. Unfortunately, it seems that many of the posters here, and even more on RB, are emotionally committed to CMKX, and have unrealistic expectations.
Read all of it. Learn what kind of exploratory drilling is necessary before they can make any kind of determination. Has CMKX done this?
You're more familiar with these kinds of ventures than I am. What does this tell you? Scroll to the bottom for info about the FALC area:
http://www.kaiserbottomfish.com/s/CompanyProfile.asp?ReportID=59447
Yes. It's a kind of shell game, isn't it? (Though the earlier iterations of what's now Explor Resources traded on the Alberta Exchange.)
Pretty hard on investors, isn't it?
In what way would DTC "get involved"? Involved with what?
I don't know how long it would take to do a stock audit. But the financial audits will take at least six months, I should think.
Do you think they will have the audit done by July 1st or does it take longer?
It was burniere who said that, not me. So far he doesn't seem to have done it.
I've posted quite a bit about the Petro Plus mess on various threads, including this one.
Assuming there's any short (which I doubt)....the SEC has no powers that would allow it to force anyone to cover a short position.
They could bring civil litigation against any party that had violated its regulations, but that's all.
What if it was not just to help get SEC action to force the covering on any shorts?
lol, there were only two: AZNT and HITT.
AZNT and Mad Mikey Sylver were sued by the SEC for stock manipulation, securities fraud, forgery, accounting fraud, and more. Mikey now owes the SEC about $2 million. He also faces criminal fraud charges brought by the State of Nevada.
HITT was also sued by the SEC. Its CEO, Steve Bradford, was hit with a large fine and sanctions. Jeanette Wilcher, head of the Life Foundation Trust and "financier" of the company was sued by the SEC and others for fraud. She lost, failed to pay her fine and went into hiding. Charged with contempt, the judge decreed that her fine be doubled daily; she now owes far more money than exists anywhere. She was eventually traced and arrested, but was let out on bail. Dumb. I'm sure she's long gone.
Bizwire, alas, was a little oversensitive.
I don't think a firm of his caliber would accept stock. So Urbie has to find the money elsewhere.
What? I thought the New York Times article on PIPEs was quite balanced, though it didn't address the question of what usually happens when this kind of financing is used for penny and subpenny stocks.