Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It's a dismal story of Urbie and Randy, a pump and dump, a trading halt, a delisting, three name changes, three reverse splits, and a lotta very angry shareholders.
I posted bits and pieces on several boards last night. I'll pull it all into a single post with links tomorrow.
That's by no means the only article out there. He took a real beating from John Emshwiller of the WSJ subsequent to that.
lol, we've never had an answer to that one, have we?
I'm outta here for tonight. I'll leave the regulars to check out Urbie, Randy Studer, Petro Plus, Northern Star, Odaat, Explor Resources, North Sask Ventures, and Durama....
Quite a complicated story...
There was a great one in Fortune back in 1998, but it's not online.
lol, no point suing him. He doesn't have any money.
Yup, it has its ups and downs. But it's nice to see that the CEO of the company Dobry so ardently supported now owes the SEC about $2 million, and is also facing criminal fraud charges brought by the State of Nevada.
Of course, no one ever hacked Dobry's computers, much less made death threats.
lol, yes, it's quite spectacularly trashy.
Why not?
Unlike many on the boards, I don't discuss stocks I own or trade. I don't do pennies, though. Not after my first educational experience back in 1996, with TFRY.
lol, a real classic.
I've been doing this for more than six years, and I'm one of the best. I've never been offered money, and I don't know anyone else who has been.
What? It had about 2000 posts today.
http://ragingbull.lycos.com/mboard/boards.cgi?board=CMKX
No one. It's just an odd hobby. No odder than golf, of course.
Sigh. I'm not paid to bash CMKX. Nobody on these boards is paid to bash anything.
I like investigating questionable stocks. And this is a good story.
I never make recommendations. Thought I'd take a look here because I was posting on the RB CMKX boards.
lol, thanks...
Yup. I imagine Faith's new friend and many others in the mining biz are well aware of the Petro Plus mess.
However, you can take as fact Shore Gold knows who CMKX is and they have a lot of claims locked up. Just another verification CMKX actually does have a large number of claims and are known by other players in the area.
Yawn. You need to check your paranoia level.
Maybe it was a pennystock hedge fund. There're quite a few of 'em nowadays.
I don't think I've ever seen an institutional buuyer on a sub-penny stock.
It really amazes me that you continue to pump so shamelessly, Willy. Have you paid your SEC fine yet?
And just where would Urbie lay hands on $20 million?
If UC is as smart as I think he is he could have easily bought up these shares for only 20 million dollars.
What you really should be considering is whether he's dumping into this pump. Of course in the absence of audited financials we can only speculate, but my guess is that the company is cash poor.
I'm afraid my own imagination just ain't this wild:
Imagine this....We have found a plentiful supply of diamonds, we expect to begin mining operations right away, we have decided to take CMKX private with a buyout price of $.50 per share, oh, and by the way,.... our TOTAL outstanding shares are 50 Billion (Buyout cost $25 Billion).
So...suppose they actually do find diamonds in a quantity worth exploiting. Where's the money gonna come from for actual mining operations?
Now...you suggest that at the same time Urbie (NOT "you") decides to take the company private at a buyout price of fifty cents a share. Hello? Where's he gonna get $25 billion? Max out his credit cards?
Many of you seem to have become so accustomed to "thinking" in billions that you've completely lost track of just how big these numbers are. I think also you're making a mistake in imagining there are "only" 50 billion o/s.
If I were you, I'd pray that Urbie doesn't take the company private. Are you aware of how that's usually done, especially with OTCBB and Pink issues? Management just does a gigantic reverse split, reducing the holdings of nearly all shareholders to zero. And yes, that's perfectly legal if you're a Nevada company.
I suggest once again that you familiarize yourselves with the history of Urbie's earlier company, Petro Plus.
They probably don't want to be holding a lotta inventory in a volatile stock overnight.
anyone have any idea why the MMs waiting to near close to open the flood gates for the 100%ers?
Newbie...
We got talking about CMKX, he seemed to be very aware of it. He said that NITE is no longer the biggest MM because they got slapped by the SEC for naked short trading, so their volume has slowed since April 1 (when the new regulations came into effect). He said they were one of the biggest offenders. Also said that he wouldn't be surprised if CMKX was shorted 1 trillion shares!
That's utter nonsense. Don't you think that if "NITE...got slapped by the SEC for naked short trading", that information would be available at the SEC website?
Sheesh.
I posted a similar message earlier, and one person added that a R/S is also a threat to pennystocks, which is true, but for these calculations, I ruled it out because Melvin has repeatedly stated there are no plans for a R/S.
You think this company can support an o/s in excess of 400 billion? That's my guess, of course, but unless the numbers are awful they wouldn't have gagged the TA.
Are you familiar with Urbie's past? Does the name Petro Plus ring any bells? Urbie was the CEO; another officer was Randy Studer. Petro Plus was pumped, dumped, and delisted. Urbie resigned at that time, and Studer took over. He did a reverse split and changed the name to Northen Star. Then he did another reverse split and changed the name to Odaat. Then yet another reverse split and name change to Explor Resources.
But don't worry: Urbie and Randy are still very close buddies. In fact, Randy owns both North 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
snicker...look who's back. He claims he's in "southeast Asia".
http://ragingbull.lycos.com/mboard/boards.cgi?board=CMKX&read=250718
He's just so.....physical.
snicker, here's an equally probable story:
http://ragingbull.lycos.com/mboard/boards.cgi?board=CMKX&read=174747
Amazon's got a few copies, but they cost more than I care to pay. And TPK himself wouldn't give me a break.
I agree. I'm not a fan of censorship. And Mataras is nuts if he thinks what TPK writes here has any larger importance, or any influence. Besides, TPK is entertaining.
Just posted it on the Zoo Board. Let's see how many fall for it.
lol, the Investrend gang just takes its advantage wherever they see it. They're counting on dealing with dumb people who don't know the first thing about the financial markets.
And for the most part, they've judged their audience correctly.
I think you're reading it right...
Ahhhh yes, Saint Sterling of CMKX. I confess I'm entirely unable to understand his posts. And since they're so long and so boring I'm also unable to get to the end of 'em.
If you want to read someone more delusional than AlanC...here he is!
snicker, the True Longs should consider this:
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=20175332
"Forever" is my guess.
how long does it take to fix the refresh button...
"Stupid" is what I'd call him.
Call me naieve, call me an optimist, call me whatever, but I am consistant and I am here until justice is obtained one way or another. Go SRCI!!!
Cool... I love great storms. But my understanding of "monsoon" is heavy rain lasting for months...
Picture them in thongs, drinking God knows what outta coconuts, preparing themselves for SBG's Karaoke contest.
Ain't gonna happen.
FWIW, I hope you all make gajillions on CLSI.
The only gazillionaires are gonna be PCBMers and CMKXers. YOU will not be invited to the Party in Bora Bora, and neither will Rick.