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.
I've never been involved in any "nefarious" or "illegal" "schemes".
Are you unfamiliar with the concept of the "April Fool's Joke"?
Huh? Translation, please. And while I'm at it, let me remind you once again that this board is about CMKX, not me.
I am. Definitely!
Are you still laughing after the millions we have received for small percentages of our mineral rights!
Not really. No one thought Bizwire would be dumb enough to sue. They got really dreadful press, and we got very good press.
The author of that letter got it exactly right:
Therefore, I urge you to eliminate current restrictions on short selling, and allow the public to sell short by the same rules as market makers.
My guess is that Glenn is as surprised as anyone else that SGGM made a run.
Janice, you don't, but do you think Roger might understand?
” … Frankly I don't understand what's sustaining the price ...”
Sure. The SEC has done the same thing, and nobody sued THEM. The Australian Securities Commision did something way worse: they actually took money from people, and didn't let them in on the joke for several months. Nobody sued them either.
So yes, I'd do it again, but a bit differently.
That's right. This settlement wasn't confidential, at our request. We put out a press release about it. Jeff's insurance company paid. We also made Bizwire withdraw all its claims of fraud.
They spent a lot more than they got. They used very good attorneys. Ours were good, too, but we were forced to give up because it just would have been too expensive to continue. And as you probably know, insurance companies prefer to settle rather than fight.
lol, don't expect me. I didn't make that registration.
lol, if I WERE going, I certainly wouldn't stay at Texas Station. They could have chosen something a little more upscale.
Sure, they're still friends. Didn't end up costing us anything.
Nope. Someone else did the registration. It's been pointed out to me before.
I'm unlikely to attend.
Isn't that nice!! Somebody did it for me!
And no, I don't have any position in CMKX.
Ask Matt. I think he could do that...
LOL!! Now I understand why you plunged on CMKX.
Razor, what Janice said about this potential IPO by FBN?
Does it qualify as a scam? Did he investigate his friends?
LOL!!
If you feel your interested in making money with Penny Stocks, I'd advise that you do not procrastinate, THE PRICE IS RIGHT. This $5.95 publication has the potential of making you lots of money.
The author, semi-literate though he is, probably stands a much better chance of making "lots of money" than do the people who buy his "book".
hmmmm....note that Ralphie's a Canadian. Wonder if he posts anywhere. Bet he does.
If they did, that source of income would appear in the filings.
in the filings u listed has showed millions of dollars worth of expences in previous years.. which must have been covered by someone. so u cant necessairly assume that becasue there is no money in the company, that they dont have a strong source of income unlelated to another company.
Bug fish?
put dads ashes to sea, he said we would catch bug fish when we did, LOL We will sea!!!!!!
LOL!! My bad. Soooooo many zeros....
Because its stock has been hyped to the skies.
Why is CMKX valued so high with nothing.
Yup.
From 28 July:
U.S. Canadian Minerals Inc. (OTCBB: UCAD - News) announced today that it has exercised its initial purchase under an option with CMKM Diamonds Inc. (Pink Sheets: CMKX - News). The option, agreed to last week between the two parties, has been exercised for an additional 2% interest in all of CMKX's mineral claims for $3,000,000 USD. Under the agreement reached last week, UCAD has a one-year option agreement to purchase an additional 10% interest in all of the mineral claims held by CMKX for an aggregate total of $15 million USD payable to CMKM Diamonds Inc.
http://biz.yahoo.com/bw/040728/285175_1.html
Where did UCAD, a company with almost no cash, come up with $3 million? See their recent 10-Q:
The Company also received a stock subscription agreement from a related party to CMKM Diamonds to purchase 600,000 shares of the Company's common stock at a price of $5 per share. The $3,000,000 has been received by the Company and immediately used to exercise the options on the first 2% of the current and future claims of CMKM Diamonds, Inc. under the July 18, 2004 agreement, noted above.
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001019687%252D04....
Who is this "related party"? Will we ever know? Who'd want 600,000 shares of UCAD, given the rate at which they dilute? Of course those shares apparently aren't restricted, so the related party is free to dump them, if he can. The identity of the related party remains a mystery, but it seems that even so, Casavant feels uncomfortable dealing with a reporting company: last Thursday they announced what appears to be an identical type of deal with a non-reporting shell, St George Metals (SGGM):
CMKM Diamonds Inc. (Pink Sheets:CMKX - News) is pleased to announce that the Company has finalized a joint venture agreement where St. George Metals, Inc. (Pink Sheets:SGGM - News) will purchase a 5% unencumbered and absolute interest in any and all mineral claims held by CMKM Diamonds, Inc. in consideration for $10,000,000 US Dollars and two hundred billion (200,000,000,000) restricted shares of SGGM. The Company has received a $2,500,000 payment with three additional payments of $2,500,000 anticipated within the next 30 days.
http://biz.yahoo.com/bw/040902/25192_1.html
SGGM has no cash, no business, no assets, so it's reasonable to assume that a "related party" is putting up the $10 billion. Is it the same "related party"? I'd guess it is. Note that until 23 July, SGGM had only 40 million shares authorized. On that date they raised the a/s to a staggering 950 BILLION, outdoing even CMKX itself. What about the other 750 billion shares of SGGM? Will they go to the "related party" in consideration for his $10 million? If so, he'll control the company. We won't find out about that, though, because it's a non-reporting Pinkie shell.
Note that although CMKX put out a press release about this new deal, SGGM didn't get round to that until two days later, and then they antedated it. The stock is actually UP, probably because most CMKX "investors" don't understand about dilution and are looking to "diversify" their portfolios. Frankly I don't understand what's sustaining the price. Do they plan to try to manipulate the price so that the "related party" can unload at least some of those 750 billion shares? Or perhaps the "related party" doesn't care: 750 billion x 0.0001 is $75 million. A pretty tidy profit, eh?
hmmmm...saw a recipe for a drink made with Captain Morgan's.
Besides the rum, it features mango juice, crystallized ginger, and a little coconut milk. I think it'd be interesting, if rather filling...
LOL!! Just hilarious, coming from you!
now you know you should not say bad things about people...
Funny kind of fireworks...
That's for the weekend. By Monday, Tuesday at the latest, it changes to: "Melvin says we'll be happy by Friday".
You're making a fool of yourself, Dusty. Maybe I'll send that one to their legal department...
Just ask Matt to change the name of this board. No point asking jawz/surfit. I think he's through with this one.
Nice rant. Do you do that often? And still wonder why you're in jail?
lol, I guess he didn't, or probably he wouldn't have told Remond that he "didn't know anything" about SGGM.
lol, I suspect he uses them for transportation...
Good. Of course Urbie's aware of all the rumors, and he should have clarified this issue a week ago. But obviously he doesn't want to do that, so I guess it's up to you.
Not really, Dusty.
You caused the bashers to have nightmares tonight!
I guess everyone but you and hippie saw that information when it was first posted here on the day the SGGM PR came out. hippie's link contains incomplete information.
In reality (a concept not easily accepted here) there's no evidence that any Blusson has been a director of SGGM since around 1990. Ross B was originally named to the board in 1984.
LOLOL!!
I certainly know plenty about Blaggy, but I wasn't aware that he had any family members involved in pennystocks, apart from his wife.
It is. The GetShorty campaign is winding down. Investrend isn't pitching it the way it once did (I wonder why?) and the Jag dismissal may prove to be a fatal blow.
Now all those crappy little companies are gonna have to come up with a new excuse for their poor performance.
I believe the Pendulam is starting to move the other way,
LOL!! That'd indeed be a gas...
Think that's because the folks claiming they've been naked shorted just can't prove it?
They have allowed Billions of shares to be NSS and even Judges wont allow convictions....
Judges tend to be sticklers for proof.
They should be easy to prove. All you have to do is compare the o/s to the number of shares actually trading, which can be done with the help of DTC reports.
Impossible to calculate, as ownership of the claims can change on a monthly basis, as Melvin himself said.
how much % of original claims does cmkx have left anyway?
Urbie doesn't know anything about SGGM, either. Guess that money/share swap happened all by itself.