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lol, yes. His fifteen minutes.
Yes.
Are we supposed to take comfort in your not seeing any "lies or misrepresentations"?
Zen mentioned Forbes and Barron's. Neither normally deals with penny stocks. Back in 1998 they did do one on MTEI, though. Biggest penny scam of that year.
Did they? Why don't you just read the damned article?
Well, if they presented info that was not valid...
I don't see any lies or misrepresentations.
I believe it was Sterling. Who else?
who the heck started all this trillion share naked float b.s.?
Yes, in a way. FinancialWire grabs a lot of its information from elsewhere, and then runs it all together with its own GetShorty stuff. The results are often very nearly incomprehensible.
The name of the company is CMKM Diamonds Inc. CMKM used to be their ticker, too.
Investrend runs FinancialWire. Investrend is a promotional outfit, and they're pretty sleazy. In my opinion, they're almost single-handedly responsible for the GetShorty movement.
The original was from last Friday, with a different title:
http://www.stockpatrol.com/schlock/doghouse/u_cmkm.html
I sent it to Stock Patrol, so if they want, they can deal with it. I should think it's some kind of copyright violation to reprint and distribute articles without the author's permission.
Actually there IS something fishy about it. It was circulated by FinancialWire/Investrend, the sleazy promoters.
Once again they're claiming that Stock Patrol is one of their "partners". And that's a lie. They did this once before, and Stock Patrol complained. But I guess they didn't learn their lesson.
Actually it was about a week ago. Or less.
Zeninvestor said this would happen a long time ago.
And he thought CMKX would be dumped on by Barrons, lol. THAT ain't gonna happen.
You'd do best not to post this kind of bs. Some may actually believe it.
You've "mentioned" that many times before. Too bad it's pure invention.
hmmmm....that'd be good...
Another yawn. As I said, people have been threatening me with "exposure" for six years.
And one after another has discovered that there's nothing to expose.
Yawn. People like you have been saying that for more than six years.
Stock Patrol has been wrong on a few occasions; not very many. They don't deliberately print lies.
But it's fun to be a smartass. Don't you have a sense of humor? Apart from that, the China comment did really put the amount of authorized in perspective.
On the contrary, Stock Patrol has an excellent track record. I wonder if they've kept a record of how many of the companies they've profiled were subsequently investigated or sued by the SEC.
LOLOL!! I'd love to see you attempt to prove that.
Becasue initially MMs simply have no knowledge of what a company does. They just short it regardless because it is Pink".
In reality, the vast majority of Pink issues trade "normally", with no suggestion of manipulation by MMs, much less of naked shorting by MMs.
Why "unprofessional"? It's commentary, not a "news" article.
Sure it is. But the IR person's proper role is to point shareholders, or potential shareholders, to public sources of information, not to hand out insider info or gossip.
Actually, talking to the I.R. person is perfectly acceptable, it's what they're there for.
Gump on naked shorting:
I think we are now going to watch it finally come to the fore .. lead by issuers like CMKX, GMXX, and JGMHA.
I've never denied that GMXX was shorted naked; that has, I believe, been proved. It occurred at a time when GMXX's float was genuinely low, and the short wasn't all that large in terms of total shares.
JGMHA (now JAGHV) is attempting to show in court that it's been shorted naked. So far the judge has asked it to amend its complaint twice because it failed to demonstrate the short.
At least these two companies have officially claimed that they have or had a naked short position. Neither ever issued or authorized excessive amounts of stock. CMKX is, in both respects, entirely different. There's been no official proclamation of an alleged naked short, and we all know that the company has authorized an absolutely ridiculous amount of stock.
Yes, it's interesting, but it's not entirely accurate.
Besides its extremely interesting to see what the bulk of the volume has been traded at.
For example, if you look at time and sales in real time, you may see a couple trades at 0.0005, and then another trade at 0.0005. But this last is marked as a "downtick". Why's that? Because the trade actually went off somewhere between 0.00045 and 0.0005. Might be a buy, might be a sell.
Works the same way in the opposite direction.
Here's why I don't call the company: Because the company should OFFICIALLY release ALL information they want the public to know, either in the form of PRs or SEC filings.
Actually....why don't you call the company, or the proper source with ALL of your questions. You do have a lot of them.
Are you familiar with Reg FD? It requires all issuers to make all material information available to all shareholders simultaneously.
Management and IR should not be gassing on the phone--or gossiping at the races--with individuals.
I doubt many CMKX shareholders have requested their certs, given that there's been no organized cert pull.
Actually no one knows the float.
And I mean NO ONE !!! The issued from the Treasury is a known amount .. but a lot of people have their shares OUT of the market in safety deposit boxes, etc.
And in any case, certs kept in shareholders' safety deposit boxes count as part of the float.
No. I just like the stories. This one isn't as much fun as many, but it has its moments.
Janice, do you honestly ever play the pink sheets?
The company has not suggested either of these possibilities.
So is there no precedent to look at for what's happening here with Roger going after and beating the MMs or a company owner like UC owning all the shares and naming his price?
I have a more serious question, though. We seem to be seeing a pattern here: every weekend several folks attend the races, talk to Ron Casavant, and report back. They say that Ron is the guy in charge of "operation", and is better-iinformed than Melvin.
Ron is evidently available for chat Friday through Sunday, wherever CMKX is racing. But....isn't it rather more difficult to get to the exploration areas in Prince Albert than, say, to fly to Toronto? How's Ron juggling his schedule?
Yes. Isn't that odd? Maybe Materas isn't really in charge?
Translation: Urbie knows damn well there isn't any huge short position; Sterling just ain't getting the message:
By: warren_pease
28 Jun 2004, 12:08 AM EDT
Msg. 30040 of 30098
From Sterling:
Sterling feels MMs will keep it down until they load up. CMKX doesn't yet want to make it a public battle.
Believes Urban will say something like: "Trade my stock based on the valuation I'm about to present to you and the public." Let them cover first.
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=30040
lol, definitely the same type... Wonder if the ending will be the same...
Have a look at Sterling's thread. Absolutely outrageous rumor, fueled by those who attended the races, and allegedly by Ron Casavant.
LOL!! I wouldn't be surprised.
LOL!!
UC is concerned about the shareholders and he is a direct decendent of the Casavant Organ company (his family is old money).
I guess that's why he started in "business" as a prison guard.
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=29946
Another pump by the same group: OMOG. They've also been trying to work their magic with SRCI, but that horse has been beaten to death, I'm afraid.
I'm sure there're others that could easily be uncovered if anyone bothered to look.
Oxymoron.
Ron said the lawyer has put them basically under a gag order but he did say there was exciting news coming out very soon.
Jabber is here. He posted just a little while ago, and didn't seem to dispute my interpretation of what he wrote on the Stepford thread.
http://www.investorshub.com/boards/read_msg.asp?message_id=3437495
I wasn't following QBID all that closely at the time, but I think I know what you mean.
Certainly they now share many of the same promoters.
Once again, most of those claims are owned by Casavant Mining, not CMKM Diamonds.