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lol, it's practically always the case. The exceptions are rare.
Here's another one:
If it seems too good to be true, it probably is.
If Melvin really said that, it's past time Mr Glenn muzzled him.
Urbie bought these claims fairly recently, and they weren't all that expensive. Look at it this way: what De Beers wants, De Beers gets.
No, honestly I don't. All those I've followed--and there've been hundreds--have turned out either to be losers or outright scams. Quite a few ended up in trouble with the SEC.
Come on, you're the hobbyist here you must know plenty of promoted BB's that are doing just fine...
I don't think you understand this naked shorting thing.
the point is naked shorting cant be proven UNTIL
we have the count of a/s shares which is coming AND
we move to a new exchange.
1. There's no doubt what the authorized (a/s) is. It's 500 billion shares, a ridiculous figure. GE doesn't have 500 billion authorized.
2. The TA is currently doing a stock audit. We don't know the reason for this. Certainly both Urbie and the TA know how much stock Urbie's issued.
3. None of this has anything to do with moving to a new exchange. The only other "exchange" CMKX qualifies for is the OTCBB, IF it catches up with its Ks and Qs and IF a market maker is willing to sign off on a 15c2-11, and IF the SEC accepts the stock for relisting. There's no way it could conceivably qualify for Amex without doing a reverse split.
What? They had a pretty nice spread for most of the week, so my guess is that they're perfectly happy, given the enormous volume.
MMs were desperate to shake some shares free or cover on the cheap but they didn't have as much success as they's hope..
I don't understand why so many of you construe ordinary, orderly trading as "desperation" on the part of the MMs.
Okay.
Without consideration of external factors, he could drill (5) pipes and statistically (2) of the pipes should contain diamonds over one millimeter in size.
Then there must be some reason why the Big Boys aren't showing greater interest.
Don't know anything about it.
What about SIRI? eom
Name on stock that's proved it has a naked short position in the millions, let alone billions.
Pumps maybe but if there is Billions short that is what will drive cmkx to the moonshot that everybody wants here.
Okay, yours is the right interpretation. In the end, the Judge did rule in the Defendant's favor, though that probably had nothing to do with his opinion of Casavant.
Hey, winning counts! I'd be lying if I said I wouldn't have been happy to buy at 0.0001, given what's happened recently. I would, however, have sold by Wednesday at the lastest. From here on it may go up; it may also go down, like any stock.
I've just seen too many BBs and Pinkies turn out to be total disasters. In fact, I've NEVER seen a heavily promoted BB or Pink that didn't eventually end up in the toilet.
So good luck, but be careful.
i think
congrats are in order for thos of us who held
despite pressure to rethink our positions.
Dunno. And I definitely wouldn't bet on it either way. I do think it'd be interesting to know exactly how much drilling was done in that area in the past, and exactly what the results were.
I'm just suggesting caution. I've seen a great many penny stocks explode to the extreme downside. And don't forget that that judge in Alberta considered Urbie to be a "stock manipulator".
That's probably why PCBM didn't succeed. Didn't use enough fancy words.
lol, nobody ever asked me if I thought Urbie would find diamonds. I don't think he'd have bothered with any of this if he wasn't 99% sure he would.
i don't remember seeing where you
thought "urbie" would find diamonds.
That said, what's important is what kind of diamonds he finds, and in what quantity. Will mining them be economically feasible?
I think so.
maybe you should be nominated for saint hood !
But my "nope" was addressed to your allegation that I have some ulterior reasons for "bashing".
Which pennies were those? I'm genuinely curious.
Generally speaking, it's what I've seen in quick-moving pennies that actually become legitimate companies.
I posted the judge's decision.
Also Hunkleberry convenietly only posted one side of the argument.
Nope.
As to that, what I just posted isn't an allegation made by Urbie's opponent. It's part of the judge's decision.
Yes, far as I can tell he is. Completely crazy; I don't know how he manages to lead what seems to be a fairly normal life.
I am about 14 minutes from your buddy at puggies gym, is he for real? WOW!
Didn't we talk about this once before? Weren't you gonna drop by to take a look?
lol, yes I do believe that. Hey, even I figured Urbie would find diamonds.
Come on, really? You really think that? This news is what most were waiting to hear, now the follow up with HOW BIG/MUCH was found etc.........that will push the donkey hard....
Now here's something interesting. Isn't Urbie supposed to be a miner?
The Plaintiff, Urban Cassavant [sic], on the other hand, is a stock promoter with extensive experience in stock transactions. His motive is to make money by stock manipulation, not to create a viable business.
http://www.albertacourts.ab.ca/jdb/1998-2003/qb/Civil/2000/2000abqb0963.pdf
Maybe. Think the market expected Urbie to find at least some diamonds? I do.
Do you suppose the market already has that info you have priced in?
Interesting, Huck. There are also several legal actions involving Urbie in Nevada. I'll post 'em tomorrow or Saturday.
Nope. Sorry....
Janice has joined the party. I bet she/he has millions of shares, just like us.
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.