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I hear GOLD was at a new high today,just under $ 458 oz.
UCA news Wednesday, December 01, 2004
UNITED CARINA RESOURCES CORP.
United Carina and 50-50 joint venture partner Claude Resources have received assay results from a 4-hole drill program completed on its Pine Lake, Saskatchewan gold property. High-grade gold values were encountered in several sections. Hole PL-05, the deepest hole, returned the best results at relatively greater depths ñ 8.93 g/t over 1.75 m (290.25 ñ 292.0 m) , 9.83 g/t over 1.25 m (296.55 to 297.8 m) , and 20.87 g/t over 0.8 m (352.55 ñ 353.35 m). Hole number PL-04 also intersected a section with 25.33 g/t over 1.15 m (219.75 to 220.90 m). The four holes drilled in the Carina showing covered a strike length of 85 m. The exploration plans for the Pine Lake property are to try and outline gold reserves that could be trucked to the Seabee mill for processing.
Property: PINE LAKE
http://www.infomine.com/news/headline/welcome.asp?NewsID=50861
This from my Fidelity acct.
Notice that the GEMM and CIM dividends say “Distribution”
The UCAD/USA dividend say “Merger”.
The 3:1 split says “Merger Payout”.
This is the GEMM dividend.
11/16/2004
DISTRIBUTION
48131Q996
JUINA MINING CORP NEW RESTRICTED
This is the UCAD/USCA dividend.
10/29/2004
MERGER MER FROM 903328995
903328912
U S CANADIAN MINERALS INC RESTRICTED NEW
This is the USCA 3:1 split.
10/29/2004
MERGER MER PAYOUT
903328995
U S CANADIAN MINERALS INC RESTRICTED 3:1 F
This was the CIM dividend.
10/19/2004
DISTRIBUTION CASAVANT RESTRICTED
125809996
CASAVANT RESTRICTED
Any ideas as to what this means.( Distribution vs Merger )
Good read...happen to agree 100%!
Marley
Dr. Of Diamonds
member is offline
Posts: 101
To All The Complainers - Grow Up And Put
« Thread started on: Today at 12:07pm »
--------------------------------------------------------------------------------
Yourself in UC's position.
To those who have no clue what life is all about. Those who don't know how to invest, act, and live their lives. The world (including many CMKX investors) includes many, many people like this.
Who are you to demand becoming an instant millionaire? By instant I mean within a year for your few hundred or thousand dollars. You expect this stock to make your life wonderful. I'm sorry it may not. You may never receive what you expect from this stock even if it does go to the moon, because you have many problems far greater than financial problems. You have way more problems than money can solve. I can understand being disappointed, but if you are very upset this morning you need to look closely at your lives. You are wasting your life and making others miserable.
This is UC's company, not yours. He is in charge, not you. I have read UC worked for 15 years to get these claims together. And then he had NSers trying to take his company away from him. He is just now starting to achieve some financial success with it, and now he has to be careful that some idiot isn't going to kill him or his family. I believe all this. Nothing good in life is easy. Most of you complainers would not have the balls to be UC for even the last few months. He is a pioneer in the war against naked shorting. He is playing in a very serious league for very very big money. You can have someone killed for thousands of dollars. UC is attempting to redistribute billions of dollars.
He has to consider the safety and security of his family, his employees, friends, SHAREHOLDERS and associates. He has to worry about SEC investigations and supposedly he recently had a heart attack. You think because you borrowed some money from somebody or a credit card, (you probably didn't even go through the effort to save the money for your investment) you have done something difficult that entitles you to millions. You probably don't even know what it is to work hard, to do something to improve your position in life. You probably have a job, and complain constantly about it but do nothing. You will never be satisfied. Why don't you go up to Canada and spend 15 years finding your own claims. Then you might understand why good things take time and what hard work that you may not get anything for, is like. One of todays top songwriters recently wrote a song "Life For Rent". She basically says if you don't do it on your own then you don't have any right to it. And she's right.
Why should you even have the chance to become a millionaire when you basically did nothing but put a few bucks on the line. I am definitely not saying I deserve to make millions, because I do not. Even though I am invested in CMKX, I can't really believe that I am going to be rich because I spent some money on a stock. In the past few years I left the security and unhappiness of a good paying fulltime job for my own businesses. I am finding it very difficult to make money, but I enjoy my life more. So I don't expect to get rich that easily. Why should I be so lucky? I am lucky in many ways already. If it happens I will be thankful and I actually look forward to giving much of my good fortune to those who are not as fortunate.
I have been invested in CMKX stock since December 2002. I bought the stock because it was a great story how UC had outsmarted DeBeers of all these great claims. I can show you the fax I received that caused me to look into and then invest in CMKX. I paid .0390 for my first 20,000 shares. I watched my investment quickly disappear as the price dropped to .0001. My $780 investment was now worth $2. I didn't complain. Many investors have been in this stock far longer than me. Who are you after less than one year to demand so much from a measly investment of a few hundred or thousand dollars?
I just kept buying shares. The reason, because UC at least kept in touch with his shareholders. He just seemed to care. More things seemed to be happening with this stock than others I had paid considerably more for. Late last year the company's tempo picked up. So much has happened. The first group of dividends, the drilling, RG, More dividends, Survey. Even though much cannot and has not been said to the shareholders, much info has been PR'd and delivered at races etc. We are making steady progress. I kept buying more shares.
I have made some great stock buys in the past but often I sold them too quick and lost or not made what I could have. I may have doubled my money but six months later I could have doubled it again or more if I stayed in. I decided there was no reason to sell CMKX because it was so low, why bother. Just stay with it because UC keeps doing things. As a CPA, the only time I see people make really good money in the market is when they hold stocks for 10 or 20 years. Peter Lynch (Fidelity Magellan Fund) became an absolute legend in the market because he made 30% returns consistently for about 15 years. Dell Computers was the greatest stock of one of the greatest stock decades of all time. the 90's. Many whiners will not be satisfied if they don't get a higher return from CMKX in one year during a bad period for the stock market. If you triple your money in a year, you should consider yourself incredibly lucky. But many CMKX investors are unbelievably greedy. Why should you be so lucky to get 1,000 times your investment in a year? What did you do for humanity that earns you a free, easy pass through life? Did you work at some skill like tennis since you were three years old, give up your childhood, and then upon reaching the pinnacle of your sport, have the resolve to hold onto your position? Did you practice playing the guitar devoutly for hours every day for 10 years instead of watching television? Did you put it all on the line as an adult and follow your dream and start your own company where you could make millions? You don't even do any DD on this stock. Your posts do not bring new information to the group. You just wait for others to post quality information so you can read it and benefit from it.
I listened to UC during the GB interview and I knew UC was being held back. He was actually uncomfortable because he could not say much. But one thing he kept saying was thanks to the shareholders for being so patient. Over and over again. He almost sounded stupid because he couldn't say anything except thanks.
I was not at the party yesterday but I am sure UC wanted to say something to the shareholders. Certainly he wanted to say thanks. That is what he has been doing since I've been in the stock. The USCA halt and the NS situation must be doubly hurting him because his stock is going nowhere and he can't explain it to his shareholders. He probably was going to say something minimal (probably against RG's recommendation) at the party but he and others were threatened by many attendees and he had to put a halt to the threat. In the end he probably realized that the shareholders he wants to talk to are also a danger to him. So he clammed up and moved on.
UC will not give in to you whiners because he is not risking all his 20 years of hard work which most of you cannot even possibly begin to understand. You have never done anything like this so who are you to tell him what he must do? You are not a securities lawyer. Most of you know little or nothing about the stock market or investing, let alone running a company, working with other owners, tackling a naked short, or raising money for operations, etc.. You just feel that you are entitiled to become a millionaire for doing nothing. Most of you whiners have very little to offer except whining.
Please grow up before you ruin this for everyone else. You are taking a gamble, if you are not a gambler get out. If 10 people were planning on climbing a mountain they wouldn't take along a person who was not fit to go because of the danger that person would be to the others who made the appropriate efforts. You are that unfit person. Go back to your job and work the rest of your life for nothing and complain to everybody about your horrible life. Just don't ruin things for everyone who understands that life just isn't that easy.
I just had to vent.
John
prospector777, sorry if I came across that way,I wasn't refering to your post but on some other boards they are really being very mean spireted to some posting what etrade and others are telling them. If it is true we should get a PR, probably after market close. The guy I talked to at etrade seemed very confident and knowledgable in what he was saying. He also mentioned that they knew CMKX very well. I took it to mean that they have been getting a lot of calls from confused traders. LOL. LT
prospector777. I and others are not saying that this is all true, just reporting what we have found out. I now see what mach and others have to put up with when reporting things they hear at the races etc. People act like we are making things up. Here is another post on the subject.
Posts: 286
Re: CIM ticker identified tonight, trading monday?
« Reply #30 on: Today at 12:58pm »
Now there are about a thousand etraders saying the same thing in paltalk and a few with other brokers give hints but not nearly as much as eturd.
For better or worse, etrade seems to have messed up in some way.
Re: CIM ticker identified tonight, trading monday?
« Reply #54 on: Today at 1:42pm »
prospector777, better call again. See below.
Ameritrade now in the mix?
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=104896
Just now hung up from conversation with Jessica Burgis of Ameritrade and the Un-official 'rumor' is that Casavant International Mining will be trading on AMEX this coming Monday. No other information is available and to actually get info it will need to come from the Ameritrade 'Re-Organization' Dept.
If it is trading as a common stock issue the only fees will be the online fee of $10.99 a trade.
No other info available at this time.
prospector777. Please read post # 19233.
Go to proboards 32 for more info. Topic: CIM ticker identified tonight, trading monday? (Read 1271 times)
crapface
Diamondoligist
member is offline
Posts: 281
CIM ticker identified tonight, trading monday?
« Thread started on: Today at 12:22pm »
Can someone verify with Etrade?
A couple of paltalkers said Etrade said that the CIM (cusip 125809996) dividend we got this week would be "identified" with ticker tonight, reflected in their accounts tomorrow, and trade on AMEX monday.
Heads up everyone. Just had a long talk with an etrade rep about our CIM dividend. He said that they are already tradable through him (broker) . He does not know the symbol or price. Strange. Also someone posted that they were being charged a $ 20 reorganization fee by etrade, but if you have Power Etrade it is being waved. He said that was for the merger. He said I need to contact CMKX for more info. I would think that we should be getting a PR very soon. LT
Bluediamonds - Some are saying that none of the race rumors have come true, but your post on PB 32 about race rumors prove otherwise. Everyone please read # 6 below and the 3rd paragraph from the bottom. Also the part about trying to be fully reporting by Vegas party seems to be something that they are trying very hard to make happen, but will probably come later. Thanks for reposting those race reports again. T
FACTS AND RUMORS AND BEAR TRAPS, OH MY!
Posted: Sun Sep 26, 2004 5:30 pm
by diamondlil
Gemologist
Joined: 05 Jul 2004
Posts: 709
Location: Toms River, NJ
I transcribed as best as I could from Paltalk this morning/afternoon:
This from txredneckbud and drymouth who attended the races:
FACT: The company will be fully reporting before the Vegas races. This was a directly indicated by Ed Dhonau and Rendall Williams. He was told more than once.
Now, the rest of this just put in your speculation/opinion/point-of-view box; however, most of the statements strongly warrant belief.
The following statements are all very encouraging.
1) texredneckbud spoke to Daryl, the MM for BSIC. Tex is convinced that BSIC is an ally. Daryl is the lead guy that handles all CMKX orders that go through BSIC. It was explained that Daryl is an independent market maker, along the same lines as a Century 21 or Remax real estate agent. All CMKX orders that go through BSIC go to Daryl’s desk. It was reiterated by Drymouth that Daryl has been a long time friend of CMKX.
2) There are definitely shorted shares. Both Ed and Rendall were very careful not to throw out numbers.
3) The words “bear trap” were mentioned several times by Ed in regard to the plans that Roger Glenn has for the MM’s who have naked shorted the stock.
4) The .00000962 number for the UCAD divi was confirmed by Chris from UCAD. This indicates to texredneckbud that the O/S is 779B shares. THIS IS ONLY HIS OPINION AND HE STATED IT AS SUCH. This does not mean that the actual float is 779B. He did, however, state that NONE of the parties he spoke to (Ed, Rendall, etc.) were concerned about the O/S. This was concurred by drymouth.
5) The 300B additional shares are NOT being dumped by UC into the market. The additional shares are being used for joint partnerships.
6) Ed stated that it is their intention for CMKX to be THE company involved in the Ecuador mine.
7) There was an investor from Corning at the races. It was explained that the investor was there as a personal investor, NOT for the Corning company. Ed said he takes someone to every race that is a potential investor.
8) Tex told Ed that we shareholders are buying on speculation and rumor. He asked how could these companies throw down so much money on no valuation. Ed said they’ve seen and know more than the average investor. He said he has an opinion but of course he could not say what it was and that these companies aren’t stupid. They would not put so much money down without a good reason. Ed knows what they got up there.
9) Ed said DeBeers is spending 1 billion on an open pit mine. That they wouldn’t be spending that if they thought the valuation was going to be only 2 billion or even 10 billion.
10) There was a general concensus by three individuals that Melvin SHOULD NOT be on Paltalk. There is a concern that there is too much info being shared. Drilling updates are fine, but that’s it. Drymouth quickly interrupted Tex and stated that that was only Tex’s opinion and Melvin is still welcome on Paltalk.
11) When asked about buying certs, Ed said he didn’t feel it was necessary.
Then Drymouth did a very strange thing. He asked everyone who claims that they received UCAD shares in their account to contact him, because the company asked him to do them a favor. ? Very weird. I was so tempted to ask him if he was now a paid representative for the company, but I bit my tongue. I can understand if UCAD wants to know if there were shares illegally distributed, but why go about investigating it like that?
Tex said that Ron Casavant and some guy John from UCAD were very tightlipped while asked them how all these companies could put so much money into CMKX. They just kinda looked at him and smiled.
LATE BREAKING ADDITION TO ABOVE:
tex said that Ed Dhonau spoke a lot about the Ecuador mine. This mine is going to give us a revenue stream after we are fully reporting. Ed is bringing down groups of investors to Ecuador. It doesn't matter if the revenue stream is only $100,000, as long as it is revenue. This is what's going to attract the big investors.
Ed said that Nevada Minerals has 20 geologists. CMKX HAS 5!
When asked about a cash dividend, the answer is no, not at this time.
Queen_Diamonds of Paltalk (I am told she is very knowledgeable about Northstar Diamonds. I have to admit, she sounded very knowledgeable about stocks in general!) said that Northstar Diamonds has signed a contract with UCAD. She said that Northstar is prepared to market diamonds for Casavant (only speculation) if and when the time comes.
http://www.cmkx.net/forum/viewtopic.php?t=2673
by diamondlil
Gemologist
Joined: 05 Jul 2004
Posts: 709
Location: Toms River, NJ
I have to say, people, this news from the races is the most encouraging thing I have heard in MONTHS. I do not get the impression that this guy tex is a pumper, a fool, or insincere. It sounded like he spent quite a bit of time talking to Ed Dhonau and Rendall Williams. His observations were backed up by two others at the races.
Have we all been so jaded and let down that we are not going to allow ourselves to get excited about this "speculation" (although the part about being fully reporting by before the Vegas races was taken as FACT coming from Ed and Rendall directly).
The projection about the Ecuador mine was labeled as "very important" as far as creating a revenue stream for CMKX when they become fully reporting.
As far as Queen_Diamonds and the North Star deal, I don't know what to make of that. I don't know if she was at the races, but her name came up on Paltalk and she spoke for a few minutes. I was quite impressed by the little bit she spoke about.
So, c'mon guys, it's back to DD time. Let's dig up what we can with what we learned today and let's start getting PUMPED UP again!
Etrade probably got the AMEX part from this Co. "CIM High Yield Securities (CIM) AMEX". Etrade said they couldn't use CIM for our stock dividend because that was already the symbol for another Co.
Here is the info from the E Trade site.
Your entry is associated with multiple symbols. Please select one or more and click GO.
CMKM DIAMONDS INC
_001412350
NASDAQ SC
CMKM DIAMONDS INC
CMKX
OTC
CMKM DIAMONDS INC RESTRICTED
#9068741
Unknown
CMKM DIAMONDS INC TENDER OFFER
125809996
AMEX
Topic: *REALLY GOOD STUFF* (CRAPCON: 3) (Read 973 times)
georgeburns
God of Diamonds
*REALLY GOOD STUFF* (CRAPCON: 3)
« Thread started on: Today at 10:13am »
This is good stuff. I really like this poster. I am reposting this from another thread cause it got a bit off topic and this post needs some extra attention. I suggest reading some of this guy's other stuff. It is all good and well thought out.
http://ragingbull.lycos.com/mboard/memalias.cgi?board=CLB01219&member=rbitulsa
I don't agree that the SEC is causing the force. I think dividend wave one hurt one set of people and now they don't want to feel it again so they are getting the hell out. This is great stuff. A short squeeze can happen after this is done.
By: rbitulsa
19 Oct 2004, 02:03 PM EDT
Msg. 102268 of 103218
Jump to msg. #
Theory about current covering...
Sorry, it requires a lot of background reading, and it's a lot of work to review all of this just to come up with a possible theory surrounding current volume and m/m activity. Anyway, here goes:
Questions: How can so much volume be moving through CMKX without a proportionate effect on the pps? How can “covering” be taking place without any upward pressure on the pps?
Answer: First Review the following excerpts from NPCT’s lawsuit against the DTC
49. … the process of the Stock Borrow Program is as follows:
(a) On a daily basis, Members who wish to participate in the Stock Borrow Program inform NSCC of the number of shares of each security that are available to be borrowed in their general unpledged account at the Depository Trust. [This is the borrowing pool]
(b) Each morning, after the evening allocation cycle, the NSCC determines which short positions still remain open.
(c) If a short position remains open, the NSCC attempts to borrow securities from its Members to satisfy these open positions.
(d) The NSCC uses a formula to determine the order in which it will borrow securities from its M
embers and utilizes the full amount of shares available from one Member before borrowing from the next Member in sequence.
(e) When the shares are borrowed, the lending Member’s Depository Trust account is debited by the number of borrowed shares. The borrowed shares are then credited to the NSCC’s Depository Trust account and transferred to the buyer’s Depository Trust account. The buyer acquires all right, title and interest in the borrowed shares, including the right to vote, receive dividends and resell the shares, without encumbrance or any reservation of rights.
(f) The NSCC records the borrowing of the shares as a long position in a special CNS sub-account set up specifically for the lending Member’s stock borrow activity.
(g) The NSCC credits the lending Member’s regular CNS account with funds equivalent to the total current market value of the borrowed shares which the lending Member may invest to earn interest overnight.
(h) The NSCC also receives a fee from the Member who created the short position requiring the NSCC to borrow the shares through the Stock Borrow Program.
53. One of the effects of the Stock Borrow Program is to allow sellers to continue to fail to deliver because the NSCC can borrow shares from the Stock Borrow Program to cover the fail to deliver positions.
54. If the seller fails to deliver the sold shares on Settlement Day, a short position for that seller is created in the CNS System which is ultimately covered by the Stock Borrow Program…
55. …when a seller fails to deliver, the buyer notifies the NSCC that it intends to buy-in the seller’s fail to deliver position. However, instead of executing the buy-in by going into the market, the NSCC executes the buy-in by borrowing shares from lending Members of the Stock Borrow Program.
56. As a result, the Stock Borrow Program allows sellers to continue to fail to deliver because the Stock Borrow Program has effectively obviated the sellers’ obligation to deliver and the buyers’ right to buy-in through the market.
57. By borrowing shares through the Stock Borrow Program to cover fails to deliver, the Defendants have created tens of millions of unregistered illegal free trading shares of the issuer, artificially (1) increasing the supply of an issuer’s shares in the marketplace; (2) driving down the price of the stock of the issuer; (3) devaluing the shareholders’ holdings in an issuer’s stock; and (4) causing multiple owners who purchase shares in separate transactions to own the same shares.
{In the following example, it is best if you associate the “Lenders” with brokers and market makers [making their shares, held for street, avaible to the DTC for the Stock Borrow Program], AND associate the “Buyers” with brokers and market makers [purchasing shares on behalf of their street clients]. All Brokers and market makers are also “DTC/NSCC Participating Members”.}
58. For example, assume that on April 1, Issuer has 100,000 issued and outstanding shares. On April 1, Seller S sells 1,000 shares of Issuer’s stock to Buyer B. Seller S fails to deliver the 1,000 shares for settlement by April 4, which is Settlement Day. The NSCC then borrows 1,000 shares from Lender L through the Stock Borrow Program and delivers the 1,000 shares to Buyer B’s Depository Trust account on April 4. Buyer B’s Depository Trust account now reflects that Buyer B owns 1,000 shares. At the same time, since Lender L’s loan of 1000 shares to the NSCC is not reported or visible to the marketplace, Lender L’s NSCC account still reports that it owns the 1,000 shares that it lent to the NSCC. As a result, the marketplace now indicates that Issuer has 101,000 issued and outstanding shares, when in fact Issuer has NOT issued or authorized the additional 1,000 shares. These shares were artificially created by the NSCC when it borrowed 1,000 shares through the Stock Borrow Program and delivered them to Buyer B. Furthermore, two people now own the same 1,000 shares – Lender L and Buyer B.
continued...
« Last Edit: Today at 10:35am by georgeburns »
Logged
Wherever there is confusion there is profit.
The bomb has been dropped. It just didn't hit the ground yet.
"Crapload" is a relative term.
georgeburns
God of Diamonds
member is offline
Posts of Substance: 11 (thanks ChuckWheat (+.5))
Gender:
Posts: 1556
Re: GOOD STUFF
« Reply #1 on: Today at 10:14am »
59. Since the 1,000 shares received by Buyer B in the paragraph 58 illustration is now held in Buyer B’s Depository Trust account, Buyer B can now lend the 1,000 shares to the NSCC through the Stock Borrow Program, thus, repeating the process and resulting in multiple shareholders owning the same shares. For example, assume that in a subsequent transaction on April 5, Seller S sells 750 shares of Issuer’s stock to Buyer C. Seller S fails to deliver the 750 shares on April 8, Settlement Day. Therefore, the NSCC borrows 750 shares from Buyer B through the Stock Borrow Program and delivers the shares to Buyer C’s Depository Trust account on April 8, which account now reflects that Buyer C owns 750 shares. In addition, since Buyer B’s loan of 750 shares to the NSCC is not reported or visible to the marketplace, Buyer B’s NSCC account still indicates that Buyer B owns the 750 shares which the NSCC borrowed for delivery to Buyer C. In sum, the marketplace now indicates that Issuer has 101,750 issued and outstanding shares, when in fact Issuer has NOT issued or authorized the additional 1,750 shares. These shares were artificially created by the NSCC when it borrowed 1,000 shares through the Stock Borrow Program for delivery to Buyer B and then borrowed 750 shares from Buyer B for delivery to Buyer C. Furthermore and most remarkably, three people now own the same 750 shares– Lender L, Buyer B and Buyer C.
60. This process of recycling borrowed shares amounts to stock-kiting in that the same borrowed shares can continuously be transferred from a buyer and loaned to the NSCC for delivery to the next buyer who then loans the same shares to the NSCC and so forth. Thus, the same shares can be recycled repeatedly through the Stock Borrow Program to satisfy multiple delivery requirements.
61. The Stock Borrow Program allows the borrowed shares to be recycled repeatedly, resulting in the number of borrowed shares exceeding the number of shares issued and authorized by the issuer. In addition, upon information and belief, the number of borrowed shares exceeds the total number of issuer’s shares actually on deposit at the Depository Trust. Thus, upon information and belief, the Depository Trust owns and holds a significantly fewer number of lendable shares than the NSCC has borrowed through the Stock Borrow Program.
177. Defendants have willfully and/or recklessly represented to Plaintiffs that the NSCC is borrowing shares from lending Members of the Stock Borrow Program to cover fail to deliver positions in the clearing and settlement process, when, in fact, the transfer of shares from lending Members to the NSCC to cover such fail to deliver positions is actually a “sale” of securities. This transaction is a sale because the NSCC delivers the borrowed shares to the buyer who acquires all right, title and interest in the shares, including the right to vote, receive dividends and resell the shares, without further encumbrance or any reservation of rights.
196. When shares are borrowed by the NSCC from a lending Member, the lending Member’s Depository Trust account reflects a debit of the number and value of the shares borrowed and a balance which is minus the borrowed shares. The borrowed shares are credited to a separate account that reflects all the shares loaned by the lending Member. However, because the Depository Trust records the borrowing by balancing the aforementioned two accounts, the lending Member’s total Depository Trust account is not reduced to exclude the number and value of the loaned shares. Therefore, when shares are borrowed, the lending Member’s Depository Trust account misleadingly reflects an amount and value of shares that are not actually held by the lending Member at the Depository Trust.
Theoretical Answer to the questions mentioned above:
The SEC is forcing a non-retail covering.
The covering is essentially a change in accounting for CMKX shares by anyone who is/was a lending member to the DTC for CMKX, who is/was reporting to have a long position of unpledged CMKX shares in their DTC trust account, and further was a lending member who was at the same time selling or brokering the sale of short shares of CMKX, and not settling those sales at the required T+3 (or ever).
The “covering” is taking place on all shares loaned out to the NSCC, by the DTC Member described above; specifically, those shares loaned out in order to cover a retail settlement failure within the DTC system, and retained on the DTC Member’s books as still being owned by the DTC Member. The SEC is requiring that these shares be re-accounted for as sales, rather than loans, and be removed from both the books of the DTC Member Lenders.
Because the share loans (which were done blind to the market) are now sales, these transactions must be accounted for in the market and through the tickers.
Simply put, say JEFF for example was responsible for both facilitating sales of CMKX which never settled, and was receiving back buy-in shares from their own purchases which went unsettled, all while reporting a long position of unpledged CMKX shares into the DTC trust – showing them as available to be borrowed.
The main effects of this covering:
1) It drastically reduces the number of naked short shares in CMKX. In the example (see 58 – 59 above), the short-seller sold 1,000 naked shares into the market (and failed on it’s settlement) but 2,000 shares ended up being legally owned (1,000 by the buyer and 1,000 by the DTC lender). With the accounting change, in this example, there is now only the short-sellers initial settlement failure which remains open, and the buyer becomes the sole owner of the 1,000 shares.
2) As DTC Member Lenders re-account their “loans to the DTC” as sales, it reduces, and likely completely eliminates, their “long positions” in CMKX, which would also significantly reduce, if not completely eliminate, the DTC’s “borrowing pool” for CMKX
When this “phase” of covering is complete, there should be one settlement failure for every fake share held in the retail market.
IMO
Logged
Wherever there is confusion there is profit.
The bomb has been dropped. It just didn't hit the ground yet.
"Crapload" is a relative term.
Today at 9:55pm by georgeburns
New Theory: Death by MATH
« Thread started on: Today at 9:39pm »
I don't want to kill you with math so I put a short version of the theory and a long version of the theory below.
SHORT THEORY:
MMs need more than 140,514,251 shares of GEMM to cover NSS of CMKX. Float of GEMM = 120,000,000.
Market Makers and broker dealers can not buy more than the float of GEMM to cover their dividend. Thus they must cover a portion of NSS of CMKX before the second GEMM Dividend record date. Once they start covering CMKX. Chain reaction.
LONG THEORY:
BAD GUYS NEED MORE GEMM
UCAD volume indication of Naked Short Share Position
(UCAD dividend announced 18 July 04)
UCAD total volume after announcement of dividend to CMKX = 6,401,529 over 64 trading days.
13,935 average daily volume of UCAD for 60 days prior to announcement.
13,935 x 64 = 891,840
6,401,529 - 891,840 = 5,509,689 = Possible shares bought to cover our UCAD dividend.
5,509,689 / .00000962 = 572,732,744,283 =
Possible naked short share position on CMKX based on UCAD volume anomaly over past 64 days.
GEMM volume indication of Naked Short Share Position
(GEMM dividend announced 2 Aug 04)
GEMM total volume since announcement of dividend to CMKX = 65,005,223 over 54 trading days.
GEMM average volume the 50 trading days prior to announcement is 164,248
164,248 x 54 = 8,869,392
65005223 - 8,869,392 = 56,135,831 possible shares bought to cover our first GEMM dividend.
56,135,831 divided by .00012267 = 457,616,621,831 Naked Short Share position on CMKX.
THEY STILL DONT HAVE ENOUGH GEMM to cover the FIRST GEMM dividend
UCAD indicated Naked Short Share Position is 572,732,744,283
GEMM indicated Naked Short Share Position is 457,616,621,831
572,732,744,283 - 457,616,621,831 = 115,116,122,452
That means that based on the UCAD indicator that the Market Makers and Broker Dealers still need to cover the GEMM dividend for 115,116,122,452 naked short shares of CMKX.
115,116,122,452 x .00012267 = 14,121,294
This means they need to buy 14,121,294 more shares of GEMM based on current numbers of UCAD.
If they keep buying up UCAD it means that all these numbers will increase.
OK. They need 14,121,294 more GEMM. They have 56,135,831 shares so far.
14,121,294 + 56,135,831 = Total shares need to cover the FIRST GEMM Dividend.
70,257,125 total shares needed to cover the first GEMM dividend.
You saw what the price did on GEMM based on the market makers needing this amount which is roughly over half of the float of GEMM.
If they need to buy 70,257,125 for the first GEMM dividend of 95,502,027, that means they will need to buy more than that to cover the NSS CMKX for the second GEMM dividend of 127,336,036.
70,257,125 x 2 = 140,514,251.
This means they must buy more than 140,514,251. shares of GEMM on the open market in order to cover for BOTH GEMM dividends.
*According to LRoss34470 conversation with Chris Hanneman --- GEMMS float is around 120 million.
THEY CAN't BUY MORE THAN THE FLOAT.
If they try... then GEMM shareholders can name their price for their shares cause there isn't enough to go around. Market Makers would get caught if they buy the whole float of GEMM cause suddenly no trading would be happening on GEMM.
ABSOLUTE DEMAND.
So they are forced to cover a portion of their CMKX. Once it begins, I dont think it will end until the covering of all CMKX is complete. Which means:
Between now and the RECORD DATE of GEMM the MMs will cover their NSS CMKX.
SECOND GEMM RECORD DATE: 29 OCTOBER 2004
There just might be a reason for a party.
Covering could start Monday.
-burns
comments? corrections? insults?
« Last Edit: Today at 9:55pm by georgeburns »
WMC - Is this the WMC connection. On the UCAD web site under “UCAD JV Parteners” click on “El Capitan PMI” and you have a long news story that most have probably already read. Here is one paragraph. Note Asia Finance Corporation.
5. El Capitan Precious Metals, Inc. (OTC/BB: ECPN) announced on June 4th that it has signed a non-binding letter of intent with Asia Finance Corporation (“AFC”) to deliver up to 1.8 million tons of iron ore per year over a 10 year period. Based on a third-party report, the Company estimates it has approximately 25 million tons of iron ore in reserve at its El Capitan mine. AFC is the United States representative for a significant Chinese corporation. ngineering
/
I I then went to Google search on Asia Finance Corporation and found this;
Financial
/
Countries
Industrial Location
News
WMC Resources joins Linear Gold Venture to explore in Mexico
August 31, 2004- - WMC Resources Ltd., the world's third- largest producer of nickel, agreed to join Linear Gold Corp. in a venture to explore for metals and gold in Mexico.
Melbourne-based WMC Resources will have the option to take up a 60 percent stake in four properties in the Mexican state of Chiapas, if it pays $1.93 million by 2007, which includes spending on exploration, a statement from Canadian-based Linear Gold said.
WMC currently doesn't have any assets in Mexico, said spokesman Troy Hey.
WMC is exploring for more materials as rising global economic recovery and Chinese expansion drain global stockpiles and sent prices of base metals surging. WMC, which owns the world's eight- largest copper mine, has also formed a joint venture to explore for nickel in China.
wannabjaimelee, My Fidelity account is showing my UCAD @ 9.6 per mill. Cuspid # 903328995 and Restricted. Nothing showing in my Etrade account yet.
Will99, he is saying we should be at .001 or more.
August 2004 Stock Update
CMKM Diamonds, Inc. (CMKX)
“Stay the course, hold the line”
We at The Green Baron Report knew when we started coverage of CMKM Diamonds, Inc. that we would be in for a wild ride. Speculation from the beginning has been rampant over the valuation the company’s nearly 2 million acres of fully or partially owned mineral rights in Saskatchewan. We have also been patiently waiting for more pertinent information regarding share structure that will help answer how many shares each CMKX shareholder will receive in US Canadian Minerals (UCAD), privately held Casavant International Mining, and Juina Mining (GEMM).
It has been learned that on August 18, 2004 CMKM Diamonds, Inc. filed to increase the number of its authorized shares from 500 billion to 800 billion. At this point there has not been an official press release issued from the company to explain the reasons for the increase. The Green Baron Report will not speculate on the increase at this time, but we know that respected CMKM counsel Mr. Roger Glenn of Edwards & Angell isaware of the increase, and we know Mr. Glenn is still actively working with CMKM Diamonds. We encourage our members to research Mr. Glenn’s prior written works and accomplishments to see why we still have so much faith in his association with the company. At this time, The Green Baron Report believes the increase is the A/S will be beneficial to the stockholders, that is, if they even have a need to issue the shares.
The share distribution percentages that have been posted for US Canadian Minerals and Casavant Mining International clearly show a discrepancy as to how many shares of CMKX are issued and outstanding. There is definitely an accountability issue that the DTC will need to sort out when shares are distributed among all CMKX shareholders. We are hopeful that CMKX will publicly release more specific information regarding the stock dividends in the very near future.
Based on the stock dividend percentages that have been released, we are beginning to accept the theory that a naked short share position exists. Since the information is not clear, we would suggest that our members do not trade CMKX stock back and forth if you want to ensure receipt of all stock dividends. The Green Baron Report continues to suggest our members just stay the course, and hold your position in what we believe will be The Stock Play of a Lifetime
New Green Baron report out!
The Green Baron Report is upgrading the status of CMKX
August 2004 Focus Stock
CMKM Diamonds, Inc. (Pink Sheets: CMKX)
Closing Price August 9, 2004 - .0004
Website address: www.casavantmining.com
“The Stock Play of a Lifetime”
Tonight of our recent Stock to Watch CMKM Diamonds, Inc. (CMKX) to a fully profiled pick for our members. The stock will now be added to the storied list of previously profiled stocks on our homepage at www.thegreenbaron.com, and percentage returns will be based on today’s closing price of .0004 per share. Please note that although our parent company has not been compensated in any way for the release of this information and does not expect to be compensated by CMKX in the future, our parent company Evergreen Marketing, Inc. and its employees currently own a substantial long position in shares of CMKM Diamonds, Inc. (CMKX).
CMKM Diamonds is involved in the exploration for diamonds in the Canadian province of Saskatchewan . Exploration is being aggressively pursued in the Forte a la Corne area in central Saskatchewan , where the company holds mineral claims to more than 1.4 million acres. Geologists believe the diamond-bearing kimberlite pipes in Saskatchewan were formed some 100 million years ago. Compared to the diamond-bearing pipes in South Africa or the Northwest Territories , Forte a la Corne pipes are huge. This information is located at the CMKX website at www.casavantmining.com, which is currently being updated partly because of the tremendous number of recent press releases and corporate developments that have occurred over the past 60 days.
About one month ago on July 13, 2004 , The Green Baron Report alerted our members that we would begin following CMKX as a Stock to Watch. In that report, we stated that further due diligence would be required for us to feel comfortable enough to urge our members to own this highly speculative pink sheet listed stock. The Green Baron Report has grown extremely skeptical of Pink Sheet listed companies in general since these companies are not required to be fully reporting. We had shown reservations about CMKX because the only information we had concerning share structure was that the company had set the total authorized number of shares the company could potentially issue at 500 billion.
In subsequent updates, The Green Baron Report alerted our members of additional press releases that reported CMKX shareholders would be rewarded with stock dividends of three different companies; a bulletin board stock called US Canadian Minerals (UCAD), a pink sheet listed stock named Juina Mining (GEMM), and shares of a company not yet listed called Casavant International Mining. The share dividends will begin to be awarded to shareholders of record August 20, 2004 . Although we were excited by each new dividend announcement, The Green Baron Report was still apprehensive since it was not clear how many shares would be rewarded per share owned in CMKX.
Our upgrade of CMKX, is based among other reasons, on the fact that the respected and renowned legal council for CMKX, Mr. D. Roger Glenn at Edward & Angell, LLP, is still actively working with CMKM Diamonds. In a recent press release, it was noted that Mr. Glenn was planning on traveling with the company’s management to Saskatchewan …to facilitate the company’s becoming fully reporting. Our sources indicate that this meeting will take place this week. Please understand that in all our experience, we have never seen an attorney of Mr. Glenn’s reputation associate himself in the public eye with a pink sheet listed company. We have concluded that his ongoing relationship to CMKM Diamonds indicates that there may be much more positive developments yet to be announced.
The Green Baron Report has calculated the potential returns from previously announced stock dividends, and views the strong possibility of additional stock or cash dividends. Our calculations indicate that at the current price of .0004 per share, even if the company has reached its total authorized stock issuance that an owner of CMKX stock at these levels could still stand to see a very nice return of its investment over time. The recent press release stating the receipt of $3,000,000 cash, and the inclusion of multiple partners in its mining projects lends further credibility to the company.
In conclusion, The Green Baron Report now suggests our members with speculative investment accounts to consider our new position on this potentially explosive stock opportunity. Although past performance is no guarantee of future results, prior Green Baron Focus Stock picks profiled on our home page tend to rise dramatically in the days, weeks, and months following our initial profile. Please consider yourself alerted as we strongly believe we will able to say we gave our members The Stock Play of a Lifetime!
Please visit www.pinksheets.com and enter CMKX to see all the latest stock prices and investor news.
Marcq4, I was just sitting here calculating these figures and came to the same realization. I was wondering why nobody had caught it yet. TR
Question: If 25% is 95,502,027 shares, how do we buy the other 24% and get 127,336,036 shares?
Answer: IMO They made a mistake in the PR. It should read like this:
CMKM Diamonds Inc. Purchases 25% of Juina Mining - Business Wire (Thu Jul 29)
CMKM Diamonds Inc. Announces Dividend of Juina Mining Shares
LAS VEGAS, Aug 2, 2004 (BUSINESS WIRE) -- CMKM Diamonds Inc. (Pink Sheets: CMKX) announced today that it has elected to distribute the 127,336,036 (not 95,502,027) shares of Juina Mining Corp. (Pink Sheets: GEMM) which were recently purchased by the company as a dividend to its shareholders.
The company has chosen Oct. 1, 2004, as the record and distribution date for this latest dividend to its shareholders.
In addition, GEMM has issued a 60-day option to CMKX to purchase shares equivalent to an additional 24% (25 %)of the outstanding shares in GEMM for an additional $500,000 USD. When exercised, the company has elected to distribute this additional 95,502,027 not (127,336,036) as a dividend on the same record and distribution date.
Take 127,336,036 X 4 = 509,344,144 (total shares in the company), - 127,336,036 (our 25 %) = 382,008,108. (This is the number of shares left after taking out 25 %.) Now divide 382,008,108 by 4(the 60 day optional agreement) and you get the 95,502,027 shares. Actually 24 % would be 91,681,946 so it would have to be another 25 %.
Getgreen, please post the message here from holyguy. You have to be a member to use the link you posted. Thank you.
Marcq4, in regards to the Dr D. post and Jeff being our friend, why would cmkx release good news that might cause the PPs to go up (the last 2 Prs) if for some reason Jeff is holding it down for cmkx. That just doesn't add up. Of course a lot of things haven't been making much sense with cmkx. LOL
Can't wait for some of those other rumors etc. that Melvin and UC have eluded to over the last few weeks to come to fruition. Hanging on to all my shares!
I’m sure that they are already drilling some of these new sites that are listed in the new PR. After the Carolyn site was finished they said that they were moving the drill rig to a better site that they were very excited about. I imagine that they have had these new aerial survey results for some time, and just now releasing it to the public.
Great post from another board;
First post, Rob in Long Island. I call into IBC RADIO from time to time, Professional Investor etc etc etc Hello All!
Gonna try and keep this short and to the point as much as possible. Im gonna cover some ground you don’t want to hear which is the day in general and some stuff on CMKX, keep in mind we hung out with them for most of the day having a great time , great great people! I was at Englishtown NJ ALL DAY left my house 5:30am.
Went with a buddy of mine who knows racing, put the top down and had some fun!
Ok Jeff made it into today raced well this weekend, Lost today to John Force.
Great guy got some pictures with Jeff our driver, Ron Casavant who is Urbans brother,
He takes care of the drilling end of things, Connie Cohen who will be racing/driving
Our newest addition a Pro Stock Suzuki Bike! And the whole CMKX team.
I met up with Fatboy from the official CMKX message boards, smart fun investor enjoyed his company, and the very pretty Ines, yes Ines from the official CMKX message boards. She was a trip, lots a laughs! Ron gave us some free hats , free drinks and free food. I will try and post some pictures for all to see, got some good ones!
Had a great great time with them all! Had to cover the above ground and show thanks to them and give them the same respect they gave me! They are caring people, they are tough people, they DO visit hospitals and children in every city they go too!
Urban was away on business, I think this might be standard thing right now, keeping a lower profile maybe since lawyer came on board and things are now at critical mass lets say. Let me clear up one rumor, we do have claims that Debeers tried to re claim but we beat them to it! How it’s a long story call the company for details talk to anyone they all
Were involved, tough bunch a savvy people we have let me tell you! So we have some PREMO claims, that actually do surround and butt up against Debeers, our next drill site is gonna be interesting, lets just say will be working very close very close to our competition. We do have valuable ZINC deposits worth MONEY! We do have multiple
Parties financially backing CMKX, we are going to be a listed company very shortly, very soon. On the otcbb on the amex on the naz I’m not sure which one, Are we involved in a MERGER? I got a smile and a I cant comment on that. Share structure is coming our way very very soon, and like I said dilution has NOT occurred because of the financial backing we have from various parties. Does CMKX think there is a NAKED SHORT problem yes they do, are shorts covering and will they have to keep covering yes they will! Ariel survey done! Non magnetic pipes found which could not have been found with previous technology YES! Are they substantial size yes. Do they have plains on mining yep, open pit type, Are the y going to the next step in sampling yep, bulk sampling, would a value be put on the claim after bulk sampling yes. Some of our claims
Sit on top of the same pipes as Debeers, is it possible were on a better portion of the pipe then Debeers YEP like I said we have some premo claims that we work our butts off to get. Gotta here Ron tell ya about what you could have to go thru to get your hands on some of these claims, amazing! Did the Geologist find our core samples to be the best, or
Some of the best he has ever seen, YEP, do we have the results back from those particular samples back yet NOPE. :?) Are they confident you bet they are, how did CMKX get their hands on so many claims cover much more then the 1.4 million acres
We hear about, by hard time consuming work and patience over a long period of time.
Is the next drill site a joint venture I don’t think so I think 100% ours, it is expected to be a very lucrative spot, for various reasons as we will find out. :?) Is our Lawyer on board
To help with various things that are positive YEP! IS their a negative reason the Lawyer
Has been brought on like some speculated, no. Could something arise maybe, If you’re a growing company in a multi billion dollar industry things could come up, SO WHY NOT HIRE THE BEST! Do I think Urban sold claims next to DeBeers to raise money NOPE. Urban what’s those strategic claims which imho have huge value. Could he have some other kind of claims sold or other agreements in place for raising capital INSTEAD of dilution YES, Dilution is important topic here so I will stress I don’t think there was any dilution guys, If that is correct were in for a hell of a ride, NAKED SHORT CITY. Just
Way way to much VOLUME traded it was OBVIOUS to the company they were trying
To be run into the ground, Do I believe someone could have tried or wanted to try a hostile takeover sure of course, why not, buy the company hold the claims keeps the competition away. It seems CMKX has to have money coming from multiple sources, Large investor group on board, funding operations prior to drilling going back to
Buy back etc etc. Trying to put some pieces together for you here, Its sometimes
Awkward trying to fill in the big picture, But its all coming together imho and the PR’s
Will put all the pieces together for us :?)
Now all of the above is IMHO you can ADD IMHO after or inside EVERY SENTENCE.
Some things I danced around some things I touched on some things I lead the defendant LOL. You know what I mean.
What do I think, EXCITING TIMES RIGHT NOW for CMKX.
These are what I see as PR’s we will see not over the coming months but over
The coming WEEKS, IMHO.
Share structure.
Core samples.
Listed company.
Short squeeze.
More drilling.
Ariel Survey.
Merger.
More funding.
More Equipment, more employees.
DID I DRILL THEM WITH QUESTIONS YEP! Could I go on YEP.
Did they mind NOT AT ALL, gave me and my friends a ride out to gate
On a golf type Cart end of the night, They are as EXCITED as we are!
These people are savvy passionate hard working genuine smart kind hearted.
Like everyone has said ya fall in love with these people. They got what it takes
Imho to be very successful, they got the goods, Certain people just have success
Written on them when ya meet them and I think The CMKX FAMILY has it!
I’m not gonna bullshitt ya, does it take 1 to 2 years to start mining , yes it does,
Can you make fortune way before any mine is mined YES YOU CAN and I think
I will , see those potential PR’s I talked about over the coming WEEKS, THAT’S MONEY PEOPLE! Can things go wrong yes they can, I’m not living in a fantasy, There
Is big money at stake and it’s a dog eat dog industry, do I know all of the hurdles no Im not a expert in the mining business, but Im still 100% invested in CMKX and think I go tmy money in the right place at the right time.
SO I tried to be very fair and balanced mentioning some of the risks as well as the positives, because people say if it was so great why .0006 so I gave some reasons as to why people are sitting on the sidelines and what’s to come and ya know IMHO when everything plays out like I think it will IT WILL be to LATE TO JUMP in, It will cost you a whole lot more money per share!
There is just so much we covered I’m sure I missed some stuff look for info posted from other people that were there over the weekend.
Did I give you a lot of new INFO NOPE, did I confirm a lot of rumors running around yes I think I received sufficient information to believe what I posted above. Was this written well no, do I use “gonna” to often instead of “going to” yes I realize that. LOL
Hope ya (you) can get thru this long winding road. :?)
Sincerely,
Rob
Guys a few more things,
Does CMKX believe we will see a appreciation in PRICE in the near term, YES.
Rumor .61 by sept..............................nobody knows but is it possible. YES
Joel , also imho could be a member of this what I will call Large Investor Group with funding money.
Do I know anything about Uranium or Gold involvment and CMKX mining it or partners mining it no sorry
could only think of so much at the time, is it possible , sure is!
Do I think some of the stories are hype on the boards, NOPE.
Do I think Sterling is a dreamer. NOPE.
Do I think CMKX put all this together themselves YES, VERY SMART PEOPLE. Down to Earth Smart People.
Am I as excited as I was before about short term prospects. YEP.
Long term price projections LOL , I suggest YES if you need to take some profits on major run ups in the near term
YOU BETTER HOLD SOME ALSO FOR THE LONG HAULE, Its almost inevitable imho from what I can tell, we are
well on our way to multiple MULTIPLE MINING DIGS, OPEN PIT MINING. Do I think we have aopen pit mine now. No
Would they tell me if they did, not sure but I would think if they did yes they would have told us.
Can you post these two emails on the FMDAY message board and other boards sure go ahead, Its all of what
I got out of our conversations and is all IMHO.
Keep in mind their will always be pumpers and bashers on all stocks, is CMKX a legit play long, med and short term yep!
So dont get distracted have aplan layed out, a timeframe, maybe a series of events, take some profits at some point where
your comfortable and keep a portionor large portion for some serious paydays!
Stay focused on short term expected events, one day at a time, and lets see hwo this unfolds, Seems like if all
there indicating to us is true, we should see some serious price appreciation no doubt about it. Like I mentioned
this is a WAR, CMKX feels there is a large short position that the MM;s WILL BE FORCED TO COVER very very soon
and there is no way out, there gonna have to move the share price up! LETS HOPE SO, that would be special imho! :?)
Sincerely,
"Million Dollar Man".............LOL. Im still thinking with the amount of shares Im holding a little patience will reward me with a 7 figure return on Investment. Sounds crazy I know, but it happens, maybe Im next in line. ;?)
Sorry, thats the Yahoo Nite board. http://finance.messages.yahoo.com/bbs?.mm=FN&action=l&board=11545166&tid=nite&sid=11...
Take a look at what is happening on the Nite RB board!
Another way to get to the SSWH RB board;
Go to RB and type in SSWH at the “enter symbol” box. Then change the next box to “Quote” instead of “message board”. On the quote page you will see this;
Raging Bull Message Boards
Read the SSWH message board on RagingBull.com and get the unofficial gossip!
Click on the purple colored “SSWH message board” and you are there.
Use this SSWH address: www.esportswheels.com/newindex.html , and you will still see the wheels with Bush/Nascar logo's on the website.
Gman, I got this from Goole search.
RED HERRING / The Business of Technology
... SPECIAL Red Herring 100: Candidates of transformation This year’s companies, guided by smart entrepreneurs, strong revenues, and impressive technological ...
www.redherring.com/ - 40k - May 16, 2004 -
I am new to this board. Just been lurking for a while. The RB board is totally worthless. Got into SSWH back in March @ .002 and 1.8 mil shares thanks to mach,doc, tramp, and a few others. Thanks guys! I heard that they took the “Busch/Nascar” logo on the wheels that were on the web site off, but if you type in: www.esportswheel.com/newindex.html you get the web site with the logos on the wheels. This may have been posted already. Thanks for the no nonsense board mach! Can’t stand the bashers. Holding looooonnng.