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A TRUE STORY
This is a real, actual story that happened to me back in the late 90s. Back then I was slinging pretty large cash around in OTCs and stocks on the Vancouver Stock Exchange (I was pretty naive back then) so I had 100k shares of a piece of crap software company out of Canada rumored to have very large connections to some big boys in the tech industry. I bought my shares at about .60 USD (yes, that's right, about $60k. I sometimes shiver when I think about the money I was slugging around back then on these high-flyers). Anyway, the rumors persisted ... and persisted ... and this went on for (no joke) over 18 months. After 18 months, the stock was at .20 and I finally threw in the towel and said to myself "better to cash out now then at .01". I think the stock dipped down even to about .15 after I sold. Anyway, 8 months later (yes a full 26 months after I had initially invested), the stock became listed on the otcbb in America, the company began opening US offices, they announced partnerships with the very same big boys rumored for years, and the stock went from .15 to $25USD. My 100k shares would have been worth $2.5 million ... had I held on for the full ride. Instead, I guess I still had my $20k to console myself with. I always believed in the company and their product but didn't have the guts and stamina to hang on for the full ride. I missed out on the stock play of a lifetime once. I'm not going to miss it again. Despite all the misinterpretations, I am in cmkx until death or success. No in-betweens. I believe in cmkx and I believe I will finally lift this albatross that's been hanging around my head since the late 90s. I learned my lesson and I stick with what I truly believe in.
Epilogue: As it turns out, the company got slaughtered in the dot.com bust anyway but for quite some time they enjoyed the glimmering spotlight. My suspicion all along was that some pretty seedy hedge funds got caught with their shorts down on that one as well. The spike was vicious as it went to $5, then $10, then shot to $25 for only a few days before settling back around $5-10 for awhile. Eventually I think they got bought out for a few bucks. I don't know. It was hard for me to even watch since it was so painful.
HOW VERY INTERESTING
Well, I guess I could have just posted "Hello. I think people are overinterpreting Andy's words." I chose the more colorful and funny way to say it and it has now earned me various honors, including bipolar, basher, $@*, ranter, jerk, idiot and Beezlebub. Anyone flinging mud in my direction just might be the pot calling the kettle black (oops, am I now a racist too?). To those reacting with hypersensitivity, YOU MUST CHILL. What's life if it can't be a little fun even when stressful?
In the meantime, I plan on applying to Urban for a job as his Chief Marketing Officer as apparently I know how to break through the clutter and make myself heard and talked about. LOL And isn't that what Ubran and CMKX want? LOL
ACTX
Lighten up, Francis.
OH LORDY
What has this world come to? Despite TWO paragraphs emphatically disclaiming my post as a joke, someone still missed the boat. LOL Tooooooooooooooo funny.
http://ragingbull.lycos.com/mboard/boards.cgi?board=CMKX&read=762331
WILLHUB
If that's true than an equally perplexing question arises. In my experience with pinks/otcs, the MMs eventually always run up and down the stocks with large volume ... and yet, they have pinned this one down at .0001 x .0002 for months on end despite unbelievable volume. Things can't be right both ways IMO -- either there is a pretty signficant short (but this defies logic since they should have raised the bid/ask by now to induce volume selling) or there is not a significaI short (which would mean they could easily go long and run this puppy up and down for massive profits as they do on most every other pink/otc when large volume is available). Something doesn't jibe. This trading is inexplicable. Which leads me to conclude that something is going on here that we have no idea about whatsoever. The natural basher response is that Urban is dumping shares. I disagree because: 1) the SEC would have shut this down a long time ago if that were happening, 2) Anyone dumping 100s of billions of shares would have to go through some large MMs to do so and even dumping MMs aren't stupid MMs -- they would not keep this pinned at .0001 x .0002 when they could easily have gotten more at various times, and 3) I just still refuse to believe Roger Glenn came on board to assist a pink sheet company in dumping 100s of billions of shares -- there is just no logic to that whatsoever.
So anyway .0001 x .0002 baffles me. And it always will. Perhaps one day I'll get to talk to Roger and he can help me understand just what was actually going on.
SPOCKSTER
I don't think that's a stupid idea at all. I would add more except I'm comfortable with the 75M I have. I figure if we break into the pennies on the announcement of a share count much lower than 800B, sample results that appear promising and the revelation (or market indication) of a large short position, that I will have PLENTY of money to make me happy. And if not, I lose the $7500 I could sell out at today and go on with life. LOL The REAL mystery to me in all this is why the MMs/hedge funds that want to cover don't raise the pps to .0003 x .0004 where they would have gotten a TON of selling over the past several months. At .0001 most anyone just says "eh, why bother selling, I'll just hold and wait for this soap opera to achieve a resolution" whereas at .0003 or even .0004 on the bid, there would be a TON of people that would be breakeven (or at least not down most of their investment) and feel far more justified in selling out. I just don't get it. At all. I guess one could theorize that there must be something else going on, as in a deal struck or a forced covering/accounting by the sec/MMs/funds/whoever. But then again, you know I hate rampant speculation so I will just say "I have no idea why the powers that be haven't lifted this back to .0004 where massive selling could truly be induced." LOL
In the interim, since I am in a holding pattern, my money is (god I hate admitting this) actually being invested in another pink sheet. One I feel reasonably good about. I'm not ABOUT to say which one as assuredly it will launch the bashers into a frenzy. Still, CMKX is where I expect to make a boatload.
MY CONVERSATION WITH ANDY HILL
I had a very pleasant conversation with Mr. Hill this morning. I felt it was very insightful and thought I would share the information I gathered.
I first asked how Andy was doing. He replied "fine". I can only interpret that to mean that a filing will occur next week. I next asked how he was enjoying his new responsibilities as our IR person. He replied "Quite well actually, thank you." Although that may seem to be unimportant it was the WAY in which he said "thank you" that leads me to conclusively establish that Roger must have completed the final audit this weekend and has submitted it to Urban for his final approval. After that, I asked if he had spoken to Urban lately and he answered "Yes, I've spoken to him a few times this week." I think this is EXCELLENT news. The fact that Andy is speaking at all to Urban tells me that the OS must be between 5 and 6.7 billion shares now. I thanked him for his time and he said "You're welcome" and it was as if he was going to say something more but just stopped. It was at that point that I realized exactly what he was about to say but did not -- that there would be a PR on Thursday detailing all of our core sample results to date. I mean what else could it have been?? That HAD to be what he was going to say and he just felt he couldn't. I said "goodbye" and he said "bye". But I could tell by saying "bye" and not "goodbye" or "byebye" that Andy was signaling to me that the threat of DeBeers has been remedied by Roger and that a deal has obviously been struck with the MMs through the SEC to begin the forced cover. As you can see, it was a VERY revealing conversation and I thank Mr. Hill for saying all he could without actually saying it.
For those that have not yet gotten it, the above is a complete joke (but sadly is not far off from what a lot of people seem to be doing with respect to Andy). Hope you got a chuckle out of it and hope that nobody REALLY has any expectations for a timeline in the near future. If anything happens in the next month, I'll be thrilled. If it takes longer, I will not be disappointed and will simply continue to hold until the final resolution comes through. Between the Denver race, the other races, the halloween party, the dividend dates, the december dates, the SHO dates, and on and on and on, I find it hard to believe that anybody is STILL insisting that they "know" or even "truly believe" we will see a filing by any particular date (and for the record, Andy has no actual timeline on anything, despite what others have posted). Good luck to everyone. What a crazy ride and, at some point this year, I hope will be even crazier. :)
Second disclaimer: Because god knows SOMEONE out there will STILL think I actually had the above conversation with Andy, let me make this idiot-proof. I did not have the above conversation with Andy and it is a complete spoof of the other posts that seem to be reading way too much into every word spoken by Andy and practically ensuring that soon Andy will be limited to responding "no comment" to just about every question. LOL
I FOUND THIS INTERESTING
Take this for what it's worth. I found yesterday's PR by Shore Gold to be quite fascinating:
http://biz.yahoo.com/cnw/050120/shoregold_rights_plan_1.html
There are two players in the FALC area, Shore Gold and Kensington (through its JV with DeBeers). Late last year, Kensington put out a very similar PR to Shore Gold's:
http://www.kensington-resources.com/s/NewsArchives.asp?ReportID=90065&_Type=News-Archives&_T....
And for years, Kensington has had to hammer away at DeBeers on a wide variety of issues ranging from DeBeers dragging its heels to accusations of falsifying samples to general corporate problems with respect to the joint venture:
http://www.minesite.com/archives/features_archive/2000/aug2000/kensington11.htm
{there are many other articles implicating DeBeers and its propensity to compromise Kensington's interests if you do some research)
Anyway, not that I'm giving any strict credence to the theory that DeBeers made a takeover effort with respect to cmkx, but given the behavior of both Shore Gold and Kensington, given DeBeers obvious predatory (and antitrust) behavior and given the developmentss in the FALC region, it sure seems to add some logic to the train of thought that DeBeers may have had designs on cmkx. I ask this question:
If Shore Gold and Kensington were spooked enough to reshuffle their corporate structures to prevent themselves from hostile takeovers, what makes anyone think that DeBeers (or possibly others) wouldn't make efforts to take over the controlling interest in the 2 million+ acres surrounding Shore and Kensington????
Just something to think about that was inspired by yesterday's PR. Anyone notice that despite the success in these areas, Kensington and Shore Gold's share prices don't seem to be able to truly break out? Are other forces holding them down? Did Shore start to suspect that maybe it's share price (which should be way higher) was being artificially held down and perhaps these new voting rights were necessary to protect against hostile interests? I certainly don't know but, deductively, it makes sense. DeBeers' predatory behavior is well-known. You don't think they would do whatever they could get away with to try and control what may prove to be the world's richest diamond region?
As for the other chit-chat regarding CMKX, hasn't "wolf" been cried enough? All this mumbo jumbo about the odd trades and that NOW we are truly close ... haven't we heard all of this at least a half-dozen times? And people are still buying into it? It all means nothing and nobody knows anything except Roger and Urban. The fact that everyone seems to be chanting "close" right now only leads me to believe that we are still a ways off. Of course, I'll get ripped for being a basher on this, but who cares. It will happen when it happens and I just can not believe how everyone gets sucked back into timelines and theories on .0009 trades and whatnot. We've seen this time and time again, and yet pps and filings don't happen. If you really want to see a filing, you should all start saying "I've heard we aren't filing until 2006." THEN you will probably get your filing next week. LOL good luck to everyone. I still remain very comfortable with my investment (no shares sold) and look forward to finding out more informtion from the company at some point in 2005. I refuse to believe anyone's timetable even if it is straight from Urban. Even Urban has proven repeatedly that he isn't aware or accurate with respect to any particular timelines. At least the racing season is upon us again and now the rumor mill can start churning more false expectations and unfulfilled hopes. LOL
Stay sharp. Stay ready. I believe our day will come but you WON'T find out when by tuning in to the blah, blah, blah on these boards. I'm long. I'm holding. And for now, I'm back to silent mode.
I MUST HAVE MISSED SOMETHING
This amazes me and I'll bite my tongue on commenting further on the post below because I actually believe Sterling means very well and is a stand-up guy. But I find it staggering that anyone would post that a PR indicating subpoenas are being issued to a company's officers and directors by the SEC was meant to ease shareholders' minds so they would not worry. He's said some things that I've disagreed with in the past but this has got to be the most mind boggling of all. While the company may end up ultimately resolving the issues with the SEC, it is NEVER a positive when the SEC is investigating. And there could NEVER be a positive reason to have to put out such a PR. I trust USCA will defend itself against whatever claims the SEC will lodge against them but for anyone to even suggest that shareholders can take comfort in this PR is just plain inexplicable. Here's the post I'm referencing.
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=142845
Back to silent mode.
THIS TAKES THE CAKE.
Again, I don't have an opinion on MLON (I have no position in it), but this article absolutely takes the cake on their inability to write a PR. Oh man did I giggle on this one!
Earnest & Young??????? God, that's funny.
http://www.mellonresearch.com/pr_20040823-2.htm
LMAO
I don't have an opinion one way or another on this stock but I do have to say that I have never seen a more pathetically worded series of PRs than this in all my years of investing. A second grader has better grammar. Was the writer drunk? Good lord!
CMKX WILL SOAR IN 2005!!!!
There, with that kind of headline, perhaps I will not be cursed, trashed, drawn and quartered. LOL That having been said, I do honestly believe that whatever the cards hold with cmkx will be known in 2005. I just happen to believe it could occur at any time in 2005. For those expecting a filing by Jan. 3, expect to be disappointed. Why? In case you've forgotten, there were many expecting a filing in July or else we would be delisted. Guess what? No filing (and no delisting either). Then everyone expected the filing by October 31 for the party. No filing. Then they expected it by November 15 concurrently with the GEMM divy. No filing. Then Dec. 23. No filing.
And now it's Jan. 3 for the new expectation. Notice a pattern? This is why I don't waste my time posting on cmkx any more. Basically if it's on these boards, it practically ASSURES itself of not coming true. (Oh sure, everyone LOVES to cite the USCA 3:1 split as something that DID come true and had appeared on these boards -- so great, I should expect that about 1 out of 317 rumors that appear on the boards come true, i.e., I will grant everyone a .03% chance of a filing by Jan. 3 LOL).
My bottom line is twofold:
1. CMKX will file when they file. And in all likelihood it will not be by any specific time. I expect it sometime in 2005. That is all I expect.
2. The PPS will rise IMO when the trigger to move the short position to cover is established. What that trigger is I have no idea. IMO Roger has worked something out with either the SEC, the DTC or the MMs. I have no idea what it is and I feel pretty confident that nobody on these boards knows what it is (except perhaps a few bashers that likely work for the shorts). But IMO the PPS will run only when every single piece is in place that those controlling this huge, honking mess of a multi-billion-share-per-day stock have put in place. It may not even happen the day they file. It may not even happen a month after the file. Who knows. All I feel comfortable saying is that IMO something is going on behind the scenes and, until it is resolved and fully in place, we wait and the PPS sits at .0001 x .0002 (with occassional dips to no bid for a few minutes just because the MMs can LOL).
Anyway, them's my opinions. All this SHO talk is wonderful but it does NOTHING to establish a particular timetable for cmkx to initially file.
That being said, have a wonderful, safe, happy, healthy New Year. I do believe we'll have a LOT more to talk about this time next year. Hopefully it will have to do with large-scale capital gains. Still holding and still a believer. May 2005 be everyone's best year ever (except for bashers & shorts)!
GOOD ARTICLE
Just posting something I read of interest. Why am I posting again today ? Who knows. Holiday spirit? Anyway, try to enjoy without judging me, if that's possible. Cheers and happy holidays.
http://www.ciol.com/content/news/2004/104122106.asp
RESPONSE
Wow. I check back in and, based on the responses, you'd think I had written something Satanic. Normally I wouldn't respond but the overwhelming hatred and vilification of my post really is inappropriate. Breaking down what I wrote, it is just this simple:
1. Nobody knows what this PR means.
2. There is no reason to believe the PPS is going to rise based on this PR.
Anyone have something to rebut the above? Something definitive?
When I said Melvin needed to go, I got ripped for being insensitive, a clown, and full of sour grapes. Three months later, as Melvin continued to distance and alienate investors, people applauded the move from Melvin to Andy. When I called the Vegas party plan a huge joke, I got ripped for being a basher, clueless and an idiot. As it turns out, everything I predicted about that party came true -- no news, shareholder dissatisfaction and a WAY premature celebration. And here I am simply stating that the company has continued yet again to give us news that we have no idea how to interpret. And that it is a waste of energy to get excited about anything that we don't fully understand. And that the true indicator of whether things are going in the right direction is when the dark clouds around the PPS lift. By the venom in the responses though, you'd think I murdered Urban and Roger.
In case you missed it, I ALSO said:
1. I haven't sold a share.
2. We haven't been halted and that is pretty strong evidence that the company is legit.
3. I too hope a filing is coming soon.
4. I hope I eat crow with my prediction that this will take a lot longer.
5. It's a positive that Roger Glenn is comfortable with the company again putting out information through formal channels.
To all the people with intelligence enough to respect my opinion whether you agree or disagree, thank you. To those that have labeled me a basher, an infidel, a whiner, a crybaby, a turncoat, the Devil incarnate ... please, go take some reading comprehension classes.
If the PPS rises and/or we get some explanation of exactly WHY these 75 billion shares are being redirected, then I suppose it's time to shout for joy. But until then, my statement that there just isn't much to hang our hat on yet seems pretty reasonable. But hey, if in your mind, my tongue is forked and you think I'm hyperemotional because I point out the obvious, I guess that's your issue not mine. I've actually had a pretty nice month the past month. Things have smoothed out in my life in some very positive ways. But I still have a clear opinion on my INVESTMENT, and that is I hope to make a profit on it. So I still call it as I see it -- and right now I see it all as still pretty confusing and unclear. I've been plenty patient and have plenty of patience left. I just don't feel the need to post sunshine and roses until the company actually releases information that clears up the fog surrounding all the craziness in CMKX's trading. Is that just too much for some to handle? Anyway, enough defending myself. I could say "CMKX is nice" and probably piss someone off. Back to silence for me and letting those that wish to do so, rip THIS post into 1000 pieces. Nighty night.
Sincerely,
Hannibal the Cannibal, Jack the Ripper, and others with which apparently I deserve to be classified with
GUEST APPEARANCE
I'll make an exception to my personal ban on posting because it also gives me a chance to say seasons greetings. So first and foremost, happy holidays.
But while I'm here, I'll comment briefly on the "news". Personally, I don't give a rat's arse about it. Personally, I don't care if the company releases one PR a day for the next 120 days and they reveal everything we've ever wanted to know. Because if the price stays at .0001 x .0002, WHO CARES?????? This "news" is just more of the same from CMKX -- a PR that raises far more questions than it answers. They've been doing this to us for the last 6 months. My feeling is why even release this PR when nobody knows why or how it relates to anything other than further stock and ownership swapping as we've seen ad nauseum for 6 months. At this point, the ONLY thing that will make me "happy" will be a move in the share price. All our so-called prophets and "believers" will surely herald this as FANTASTIC news ... and yet, weren't they telling us this about other news 3 months ago? And aren't we at .0001x.0002 3 months later? Ah, but "this time is different" they will say. Why? Simply because they believe it is so? Whatever. Give me a freakin' break.
I still hold all my shares and have not sold a SINGLE ONE. I have made my decision of how much is worth investing in this gamble and that money is in until the dealer either scrapes away my chips or starts stacking piles and piles next to mine in a massive payout.
If there is anything to "like" about this news it does indicate that the company and Roger Glenn believe it is okay to begin releasing news again. I guess that's a start. The problem is, as I've said, that they tend to release news that doesn't give us any answers. But what REALLY can be seen as "good" news IMO is that in all this time, cmkx has NOT been shut down by the sec. Despite what the bashers want you to believe, we've been ongoing for over 6 months now with 100s of billions trading hands, a huge amount of PRs, our sister company being shut down (and reopened) for trading by the sec, the weirdest trading ever witnessed in the stock market, and probably a record number of complaints filed with the sec ... and yet here we are, still trading without a halt. I have to believe, if we haven't been shut down yet, that the sec MUST be well aware of something going on that has led them to permit everything to continue as is, without interruption. I guess THAT is good news. Because listen to this. Back in mid-November a stock called Absolute Health & Fitness (AHFI on the pinks) began to show a volume increase. Then it suddenly went from $1 to $4.20 in about 3-4 weeks. That's only a 320% increase. But it was pretty sudden and mysterious. 2 weeks after the run, the SEC shut them down. Two weeks. That's all it took. We've been trading for 6 months in the midst of the craziest antics I have EVER witnessed in a stock. And we're still trading. I do personally believe that whatever is going on, the SEC is either actively involved or is stepping out of the way intentionally. So, I guess the fact that both USCA and CMKX are again releasing news is a mild positive only in the sense that we're still trading and still releasing news, and the SEC is comfortable with us doing both.
Yes, I'll eat a lot of crow (gladly) if we suddenly spike in the next month. But why is this time ANY different than any other time? Why might we not continue to get the same "news" for the next 6 months with no concurrent pps rise? Why is it so "different" this time? The answer is because those that believe in cmkx HOPE that it is different but they do not KNOW that it is. I certainly HOPE so too but I've reset all my expectations to not expect ANYTHING for a long while. I reiterate my original comment -- until the SHARE PRICE moves, all else is meaningless. CMKX can tell me they have a $2 trillion dollar property and if we continue to trade at .0001 x .0002, well BIG WHOOPDYFREAKINDOO.
We have seen time and again that NEWS does not move this stock (if anything it tends to sell off on news). And in case anyone has forgotten why they invest in the first place, it's for a RETURN on your investment. I don't drink the Kool-Aid. I'm here to make money on this investment. The company can promote CMKX all they want and the shareholders can squeal in delight at every "hint" all they want, but until they have corrected the problems that plague our SHARE PRICE all I can say is SO THE HELL WHAT??????!!!!!!
I now return to silent mode. I hope CMKX is "different" this time and that a filing comes soon that serves as a trigger for short covering or some other mechanism to finally lift the dark clouds from our pps. We'll see. My time frame remains well extended into the future. Personally, my life has been been much improved by focusing the energy put into this investment on other facets of my life. I hope everyone enjoys their time with their families because let's face it, if you made $100 million on cmkx but lost your wife or husband, you'd give every penny back just to have them alive again. And that should tell you what's REALLY important in the world. Have a safe, happy holiday and a wonderful New Year and that BEGINS by not thinking about cmkx until there is something WORTH thinking about -- an increase in pps.
Take care. Talk to you again if we're ever over .0012 again.
TAKE CARE EVERYONE
Here's what I have learned as a shareholder:
1. Posting on these internet boards is a complete waste of one's life.
2. Anything aside from share structure and cmkx valuation released in a formal PR by CMKX will not affect pps.
3. My dividends are currently worthless as all are restricted, one is a grey sheet just through with an sec inquiry, one is a private company with no ipo in sight, and one has a value of $10 per 1 million shares of cmkx when the restrictions are finally lifted.
4. Management (Urban and Dhoneau) are the equivalent of Beavis and Butthead. Oh, I'll take flak for that comment but anyone denying it hasn't a CLUE what real Wall Street-capable management consists of. These guys are a JOKE.
5. If there is a large short (I think so), they are well-heeled, well-versed in securities law, well-connected and well-armed to turn this into a knockdown-dragout bout.
6. This will take a LOT longer than anyone would like imo. I'm expecting a 1-2 year timeframe before we actually get anywhere.
If I'm wrong on any of the above, I'll gladly eat crow. So far, since I began predicting the OPPOSITE of what we want, I've been 100% in my predictions. If you're looking for other investment opportunities, use Mach's board to discuss other worthy investments. Otherwise, I see absolutely zero value in me (or others) wasting any more time talking about cmkx. No matter how much people are screaming that the company is behind us, just be patient, hang in there, whatever, the bottom line is that UNTIL THIS STOCK'S PRICE MOVES BACK PAST .001, THERE IS ABSOLUTELY NOTHING TO CHEER ABOUT WHATSOEVER!!!!!
Accordingly I will not post again until we are past .0012 if that ever happens. If it doesn't, then this is goodbye. If it does, then I will see you then because that will mean SOMETHING TRULY MEANINGFUL WORTH DISCUSSING has happened.
To those that wrote me some kind messages, thank you for your words and understanding that I'm not here to pump or bash but just to share one man's opinion. I'm sorry it's come to this but those are the risks in pinks and hopefully my read on Roger being legit still proves true in spite of what I believe is the pure idiocy of cmkx management. To those that will inevitably skewer me for this post, go suck an egg. I really don't care.
I've been plenty patient but when governmental entities start getting involved, it seems to me we've gotten behind the eight ball. We'll see. For all I know, tomorrow cmkx releases everything i could ever hope for. More realistically I've set my sights on hoping for a profit by the end of 2005. In the mean time, my investment will be tucked away waiting. I have not sold a share and still will not until I have made a substantial profit if that becomes a reality. But I am not buying any more nor would I touch any cmkx or cmkx-related entity until MUCH further clarity is brought to light as to WHAT THE F IS GOING ON.
I wish everyone well and will make a genunine plea that you return fully to your life prior to cmkx. Because I can tell you that the last 5 months have been a complete waste of time, having brought no new light on what is happening and having a pps still in the cellar. Why in the WORLD would I waste another 5 months of my life on such negligible return? The answer? i wouldn't!! so goodbye until there is a REASON to post. Either this stock knocks a grand slam at some point and we surge past .0012 to much higher ground or I have FAR more important things to focus my energy on in life.
A few final parting words:
To the bashers -- You are still scum who I believe work for large hedge funds and are trying to continue to suck money out of small investors. NOBODY spends the time you do simply to be able to say "told you so" six months later.
To the pumpers -- Shame on you. We're at .0002. At what point did it not register with you that your misleading pumping has NO IMPACT.
To Urban and CMKX management -- I hope you guys get a clue. Because right now it's the CMKX circus rather than a company I would ever expect could handle becoming a respected entity in the investment community.
To the few I have communicated with via phone or email (except Pedro who turned out to be too arrogant for my tastes) -- thank you for the sincere thoughts and discussions.
To Mach -- Thanks for an AWESOME board. I hope it provides value to all its readers that consort here for non-CMKX discussions and value to CMKX discussions should there ever be anything worth discussing again.
To everyone in general -- You are given X amount of years to live and X amount of time to have X amount of experiences. Please evaluate how you spend it carefully because with each passing day, it becomes X-1.
Take care and I hope and pray I am back here posting some day due to CMKX success. Good bye.
HELLO AGAIN
Everyone enjoy the last week? I sure did. I didn't think but maybe a few minutes per day about cmkx and even that was too much. As I predicted, no news whatsoever during this USCA suspension and nothing has changed. I also predicted Urban's interview with the Green Baron meant nothing, that nothing would happen at the Vegas party and (a long time ago) that Melvin would get silenced. It's getting easy to be right about cmkx these days. All you have to do is think about what you hope will happen and then predict the opposite.
Accordingly, I will predict that USCA will begin trading again tomorrow but the company will continue to keep us in the dark on anything behind the SEC meeting, the outcome or any other relevant news. Also, very possible the SEC will extend the suspension period given that they had their meeting today.
I'm in this for the long run. I predict also that the "long run" will indeed be long. My time frame is 1-2 years at this point. Nothing appears to be moving with any great speed and the roadblocks that are in our way may continue to take time to resolve. But I don't care any more. I've already resolved in my mind to hold this stock to the end, one way or another. So for now, I'm going about the rest of my life and am no longer trying to theorize on roger's next move.
What fun, eh? I still believe this stock has been massively shorted. We're giving them one helluva fight imo. Hopefully we'll win.
INDEED
I expect they will multiply during this stage as the company literally has its hands tied. The serpents and roaches will be here day and night to drive the negativity home for the next several weeks. They got what they were hoping for IMO with this SEC inquiry and I'm guessing they will play it up to the hilt. The company can say nothing (despite everyone's protests that the company can still keep us informed -- NO! During this period, you keep your mouth SHUT unless you REALLY want to screw things up). With our hands bound, we get to sit here and wait and wait and wait.
I'm still baffled at one thing though. The shorts could clear out an ENORMOUS amount of shares to cover with if they raised the bid to .0003 or .0004. I just don't think anyone is selling at .0001 (statistics prove that true). And I don't think .0002 is even enough incentive. Get shareholders back to their original buy-in price and they're going to capitulate.
Just my thoughts. Probably won't be many more for awhile. This is all horse manure until the SEC finishes, so I don't even know why I'm wasting my time. See you on the 11th. Only, this time, I mean it.
PRETTY FUNNY
Bashers are having a field day with USCA's delisting, but for the life of me, I can't understand why. Everyone knows that USCA is being questioned on its financials and compliance and, presumably, if the SEC gives them a clean bill of health, they will be reinstated. But the meeting hasn't even taken place yet. The delisting appears to be a result of not trading for x amount of days. That's all. If USCA does NOT satisfy the SEC, then I'm worried. But until then, making any kind of a big deal about the delisting is just silly. But hey, shorts/bashers have an agenda anyway.
I expect bashers/shorts to continue to hammer on anything they can. Personally, I also expect the SEC to extend the halt period. Now that the initial meeting is taking place on November 10, I highly doubt that the SEC will pass judgment on that very day. I expect they'll extend the halt another 10 days (which of course the shorts/bashers will enjoy and celebrate). Hopefully this will all be resolved as soon as possible and if the SEC does sign off on USCA cleanly, I will have a considerable amount of confidence restored. Just waiting to see right now. Anything in the interim IMO is complete and total BS.
ADDENDUM
Here's an additional politically incorrect statement to piss off more people:
Anyone posting "private" conversations they allegedly had with CMKX people at the party is a complete idiot, especially in light of the SEC's scrutiny over everything right now. Are people really that stupid? Apparently so.
After reading awhile back about how someone interpreted a smile to mean something like "we're getting a cash dividend", it was obvious that any alleged conversations are BS anyway. But I still am just amazed at the utter stupidity of anyone posting "information" in the face of an SEC inquiry.
Mind boggling. Truly.
TAKE A VACATION
Nothing will happen until November 10, so you might as well stop watching. Nobody is going to release anything of substance until the SEC has cleared USCA. The shorts are loving this but it is doing them no good unless they raise the bid to .0003 imo. THEN they might get some modest selling. Once the SEC clears USCA, I will reconsider buying more GEMM. Let's hope it happens after the meeting on the 10th.
As for the diatribes against me, I really don't care. I'm not here to say the politically correct thing or to perpetually pump sunshine. My opinion on Urban stands where it is -- thank you for acquiring the claims and hiring Roger, now quit acting like a used car salesman and start making legitimate, professional, respectful decisions tht don't insult the intelligence of shareholders. Fire Melvin. Stop planning absurd parties. Knock off the marketing until there's something to market. Don't give away 3 billion shares to random people that sign a list. And quit trusting people like Topo that show up on internet message boards pumping the stock to no end. Urban may be a nice man with great charm. But I still see this as a serious investment. I haven't invested in him for friendship. I have invested in him for an INVESTMENT (how odd, eh?). And for anyone that disagrees with my thinking, continue to slam away at me. The only thing you're demonstrating is that you have no respect for someone else's opinion. That's all I'm sharing here. My opinion. Nothing more.
I remain holding all the CMKX, USCA and GEMM I'm holding. If I sell any, I will post that sale on that day. I don't expect to be selling any without a profit. In the mean time, see you on November 11. Everything until then is pointless IMO. Go Roger. Passing the SEC with USCA will bring a much needed boost of confidence that things are being handled correctly.
JUST A FEW COMMENTS
I'm back in town. Heard from someone about the party and its "festivities" if you can call it that. Just a few comments and then I have other things to deal with. I am not surprised at anything with respect to the party. That is why for a month I harped on NOT celebrating before you have won. I am firmly of the opinion that in Urban's instance, it is better to be lucky than smart. Because I think he makes some outrageouly bad management decisions. But overall, he got us our claims and somehow (miraculously) got us in touch with a good lawyer to resolve what I believe is a mounting shorting problem. So I thank him for that. Everything else he seems to touch turns into a fiasco. I will again reiterate that if he truly understands what is happening, at some point he will turn this company over to seasoned management professionals. Because Wall Street will never take a hot air balloon like him seriously. God, can you imagine Urban delivering quarterly guidance to analysts? What a freakin' nightmare that would be.
Anyway, that's all I have to say on the issue. The party sounds like it was exactly what I expected. More rumors. More BS. No actual information whatsoever. Hopefully the lesson has been learned by EVERYONE (including both shareholders and management). You don't celebrate until the final second of the game ticks off the clock. Period. And hopefully a) the rumor mill will shut down permanently and b) if it doesn't, nobody will believe any future rumor anyway.
For now, I sit and wait. I remain very cautious. I have my investment already in CMKX, GEMM and USCA. I will not buy another share of CMKX or any CMKX-related entity until I have a much clearer understanding of what is happening. I still believe the chaos is the result of Roger Glenn's plan, but am very uneasy as a result of the SEC suddenly taking an interest in all of this activity (whether it was independently begun or begun with some prompting by certain powerful short entities). This may take some time to iron out and now it's easy to see that the obstacles in our way may be long and quite powerful. As someone put it before, with Roger we are simply still in the ring with the heavyweight champion, but all that means is that so far people are surprised and impressed that we are still standing. Without a knockout, it's meaningless.
Things don't seem to be changing much and I'm bracing for a very long, drawn-out process as this unfolds. I no longer have any timeline expectations or, for that matter, any expectations of Roger's next move. I'm just going to simply let it unfold. I have too much else going on in my life and I feel that I've put way too much time into this as it is. My money is on cmkx still. I just hope Rocky gets his second wind soon. I'll make some comments here and there if appropriate. But otherwise, this game has become long, painful and a huge irritant with respect to other areas in life that my time and energy would be better spent with. So good luck and I'll check back in periodically if I have any new thoughts.
PS: I saw a few message headlines that seemed to imply I was at the party. I was not and am glad I was not. I had mentioned awhile ago that I had made other plans for this weekend and would work to change them if there actually WAS anything to celebrate. But honestly, if anyone has nothing better to do than wonder where I am, that's a sign to step away from the computer and return to life outside cmkx.
TAKE CARE EVERYONE
I leave for business tomorrow morning and will be gone through Tuesday. Hang in there. I know this sux. The Green Baron was helpful and presents the potential positive side of today's events. I remain cautious but fully aware that the events of today indeed could be resolved by Roger and put to rest. I hope anyone heading to Vegas doesn't get too rowdy and enjoys the weekend for what it is, a fun time in Vegas. To everyone else, I hope the weekend brings some other joys into your life that take your mind off of cmkx. In the past week, I have had a number of family medical emergencies that, quite frankly, are not good. Please keep some perspective on anything that happens in life. I would give up $10 billion if I had it, if I could be guaranteed the health and comfort of my loved ones and friends for their lifetimes. Be good. Be patient while we wait. Hopefully this Book of Job will have a similar ending as the real one. See you next week.
ONE SMALL THING
One thing I found funny (if there is anything funny at all in this) is that it would be almost impossible to have a worse set of circumstances surrounding the stock than we have to induce selling and yet only 3 billion went off at .0001. LOL I think there was something like 165 billion traded in the last 3-4 weeks total and one would HAVE to imagine that you couldn't have any more incentive to see a sell-off than the SEC suspending a cmkx-related stock and some enforcement proceeding in Canada against Urban. And yet, no halt on cmkx and only 3B were sold (3B bought at .0002 by the way). Add to that that it's all right before the party in Vegas to make the pressure even tighter and a greater setup for disappointment. You already know my position from earlier today about this not being a good thing although good options are still possible, but if in fact this really was something that bought more time for the shorts, then wow today really was impressive. Nobody is selling apparently. Because if TODAY didn't induce selling, then NOTHING will. Probably everyone is like me, thinking why bother selling at this price. Either that or they already recouped their original investment at higher prices. At .0001 I just have no incentive to sell. I just assume hold on at that pathetic price and see what happens.
Pretty interesting if you ask me, although I've already stated my opinion (and apparently it is supported by Chris at USCA who confirmed that this was not expected by Roger) that it is never a GOOD thing when a halt happens with the SEC issuing a release. Now, I HAVE seen many halts that have turned out neutral, that is the SEC looked at things and found there was either or no reason to continue the suspension or the issues were corrected. The stock usually resumed at around the same price or slightly lower but not much impact at that point. So I guess we wait and see. But I've never seen a GOOD thing happen from this, so I'm hopeful we get a neutral result and a lifting of the suspension on November 10. That being said, CMKX has not acted like any other stock I've ever seen before, so anything is possible -- good, neutral or bad. Sux but I continue to unfortunately be correct about the old "things will get worse before they get better" philosophy. Keeping my fingers crossed. And to anyone that slammed me for being negative, you obviously didn't read my post accurately. I am being realistic. We don't know the circumstances behind any of this or how Roger is dealing with it, so my assessment is fair -- it could be good, it could be bad, it could be ugly. And under those conditions why in the world WOULDN'T my confidence level be down??? I think anyone that isn't MORE nervous today than they were before is drinking some kool-aid spiked with shrooms. We already don't know what the hell is going on with share structure, trading, or valuation, and now you take on the crap we saw today? No, THIS is maximum pain and it SHOULD hurt. And it DOES. And until it is cleared up, NOBODY should be running around acting like we have won this ballgame. NOBODY. I still think we have a chance of winning it all. But by god, it is NOT a gimme.
MY OPINION RE: HALT
This could be very good or very bad. I will list both possibilities all IN MY OPINION and everyone can judge where they fall.
Possibly good:
It is very possible that the UCAD dividends have tripped up a closer investigation into what is going on with the naked shorting. Perhaps the SEC is looking into UCAD's audited financials to make a final determination that everything is clean before either pursuing possible crooks or allowing the stock to continue trading with possible future buy-ins anticipated. Roger Glenn presumably is on top of this and I'm glad we have serious professional expertise to assist in this process. I found the following language VERY curious on the SEC release:
"Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff of the Securities and Exchange Commission in Washington, D.C. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to the securities of U.S. Canadian Minerals until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation for the stock of U.S. Canadian Minerals that is in violation of the rule, the Commission will consider the need for prompt enforcement action."
Very strange to me. Almost seemed like a pretty severe warning to brokers and dealers. Also, from a source, apparently Ameritrade knew about this halt yesterday. Which is odd. If a broker were notified ahead of time, my best guess is because there are broker issues. I highly doubt a broker would be notified ahead of time because of fraud issues. But who knows. Just found it strange. Anyway, this could all very well have been a result of either a) the dividends, b) an impending merger/acquisition, c) an honest look into the financials simply based on the price move from $4 to (postsplit) $17. These are all POSSBILITIES none of which can be ruled out.
Possibly bad:
I sure hope USCA's financials are unimpeachable. Because it looks like the SEC is going to comb things thoroughly. I am very surprised at a halt in USCA and not CMKX. I don't know what to make of that. The bad scenario is that the SEC has some accounting issues and possible fraud issues with the way UCAD has handled itself. I guess the only thing to do is wait and see. Whereas the above quote from the SEC regarding the brokers/dealers is potentially good, the following quote concerns me:
"The Commission temporarily suspended trading in the securities of U.S. Canadian Minerals because of questions that have been raised about the accuracy of publicly disseminated information concerning, among other things, U.S. Canadian Minerals’ financing and mining activities and the value of U.S. Canadian Minerals’ purported assets."
As I said, I hope their financials are truly flawless, because if not, this could be quite bad. Let's hope so. Glenn is a former Deloitte man and intimately familiar with what is and isn't appropriate accounting. Let's hope that pays off for us.
Possibly ugly:
A trading halt with the SEC looking into financials is NEVER a good thing, and I don't care WHAT spin anyone wants to put on it. The hard reality is this is just not a good thing even if it turns out to be nothing but a chance for the SEC to review and sign off on USCA financials. I hate that this has happened. And I'm quite confident USCA did NOT expect it.
My bottom line is that I was 90% confident in this investment before. Today, that has dropped to probably 40%. That's how serious I take something like this. Am I selling? No. But not because I don't want to. In all honestly I would clip 50% of my holdings on this if the price were near my entry point (.00044), but it is not. At .0001 I just assume hold and take my chances. Just being upfront about that. I'm pissed that my USCA shares that are free trading (the ones I bought last week) will lock up $900 of mine until November 10 (or longer if extended) and likely open a lot lower (always happens with halts). I am not investing in GEMM any further until there is some clarification as to what is happening with these inquiries and the halt. At least everyone knows I'm straight up on this. I'm not "panicking" but I'm sure as hell not happy about this whatsoever. I seriously doubt USCA or CMKX is either. And if the company at all was aware of this but knew it had to happen to force some issues regarding naked shorting, well then that just flat out sucks that we are getting screwed triply by being kept in the dark on ANYTHING.
I will wait this out, but uncomfortably so.
NOBODY SHALL DISAGREE WITH THE GREAT ZEN
Basically if you disagree with me, you are wrong.
Why? Because I am always right.
Want further proof? Everyone that disagrees with me is wrong.
As a mathematical principle, it's expressed as such:
zen = correct
Even if you agree with the above, you're still wrong. Why? Because I'm the only one that's right. Not you. Just me. Always right.
If you want to go someplace where you might be right, you'll have to go where I am not. Why? Because I'm always right and everyone else is wrong.
Need I say more?
Oh yeah, just kidding. LOL
One thing I do feel right about though is that I'll probably be wrong on quite a few of my predictions. Why? Because only Roger knows what's truly happening IMO. LOL
NAIM
I believe USCA went from $4.50 to $18.75 (pre-split) based on the shorts trying to cover the dividends. The move occurred literally the day of the dividend distribution. It's all guesswork but I believe there is still much covering left on USCA, but I believe the shorts are getting "reprieves" on the timeframe for covering. I have no evidence to back that other than I simply believe the move to $18.75 was too coincidental and I believe the volume was not enough to have covered the short position I believe exists.
Thus, I believe if the same thing happens to GEMM, we should see a spike after the first dividend distribution. And possibly an even larger spike after the second GEMM distribution. But again, it's all guesswork. I just see CMKX as having taken much longer than anyone expected and I already own plenty. So there's no reason in my book that it might not take STLL a lot longer. In the mean time, I will hedge by going in on USCA and GEMM in the hopes that dividend covering will lift both stocks continually for awhile. The risk on GEMM is that they still may be able to manipulate it up until the distribution. And then who knows, maybe even after that for a bit. But ultimately I do believe they will do to GEMM what I think they had to do to USCA. We'll see if I"m right. I consider this a highly speculative, high-risk move, but I'm willing to put my money down on it. If I'm right, I will be able to flip USCA and GEMM and purchase way more CMKX than I could today (assuming the pps holds at .0002).
Again, these are just my personal investment decisions. How anyone plays these stocks is up to them.
HUSTLER
I actually AM happy. USCA is up a good bit. And GEMM seems to be dropping so I might get my .08 buy target soon before I believe GEMM will have a great run in late November. But I certainly didn't cause either of these things. So I don't know what you're referencing. If you mean I caused a lot of cancellations for the Vegas party ... then good. If there's no huge news at the party (and I suspect there won't be), a lot of people probably will have saved some money they can put towards USCA, GEMM, CMKX or even just a very nice 45 inch Plasma screen TV. LOL
MEXBEAN
I respectfully disagree. I believe all cmkx news with respect to revenue is worthless until we have any meaningful way to understand valuation. I think news of dividends or JVs or other people associated with our projects can be valuable based on respected names possibly joining forces with CMKX. Those kinds of PRs may give us more confidence. But any PR claiming that we are expecting revenue (particularly when there isn't even any detail of how much or what the cost of production will be) is, for all intents and purposes, meaningless. My guess is most shareholders went "Ok, at least we're doing something." That's not worth rejoicing at any level after what we've been through.
TIM71
I think only Roger knows that. And it's possible even he is uncertain, depending on where his accountants are. I feel pretty comfortable that Urban has NO idea. There may be items taking longer than expected or this may simple be the expected timetable for a proper and full accounting. I'm sure we'll get some clarity on this from Roger himself at the party since that question will surely rank in the top 3 asked of him this weekend.
NEWS - BIG DEAL
News is "nice" but isn't going to help pps one troy oz. Until we understand share structure, news like this is completely wasted for cmkx. Although they might make a big deal out of it in Vegas. Who knows. I know people will say "But now we will be producing REVENUE!!" And I say, "Big deal, on 100s of billions of shares, who cares." We need to know a lot more. In the mean time, this news is more meaningful for USCA than CMKX. In fact, it's worthless for cmkx. News is better for USCA though.
THANX BO
All of that makes sense. What is happening is so unusual, it seems there are a lot of procedural issues that nobody has been through before. Everything seems to be coordinated with very modest delays here and there, but nothing to worry about.
Should be a very curious thing as to what price USCA is when the restriction is lifted next year. Hopefully we'll all be well celebrated out by then. :)
MACH/ILLINOIS
Mach: I bought pre-split last week yes. So far, so good. However I bought GEMM at much higher (.16) so I'm averaging out on the two. However, I expect GEMM will eventually become very profitable for me. We'll see. I would like to add more GEMM at .08 but the damn MMs don't seem to be cooperating and tanking it for me. LOL
Illinois: I don't know when they will do the restricted forward split but UCAD has affirmatively stated that all shares split. My guess is it's a technical issue that is in the process of being worked out. I still haven't recieved my restricted UCAD certificates based on the CMKX certs I hold. It's possible they wanted to wait for the split to become effective to either save costs on having fewer certs cut by the TA (each one has a cost to the company) and to save on mailing costs of two separate cert packages. I'm not worried though. That issue I'm confident will be worked out in the near future. The shares are restricted anyway.
ONE WOULD THINK
One would think that since this is technically a UCAD sponsored party (at least so they claim), that some more information regarding their new board as per the Sarbanes Oxley Act might be available to talk about before the weekend. I'll be interested to see who might be on it. (This might "make up" for the lack of news I think we won't see from cmkx this weekend).
And by the way, in case anyone's counting, at 5.55 on the ask, that's a $1.90 jump pre-split on UCAD on just 16k shares. Should get interesting. My target remains $10, however if we continue to get jumps of this level on this low volume, I may hold for $15. we'll see.
GUMP90
love ya man. i know we dont see eye to eye on everything here. i'm still convinced that we have land with real, actual, significant value based on the "sudden" success indicated by De Beer's increased exploration/funding in the area. but the good news is we both see that even aside from that issue, there's a whole different issue going on here that has NOTHING to do with valuation and EVERYTHING to do with some rat bastards caught with their hands in the cookie jar. LOL I have to say that I believe Urban blindly stumbled into ownership of this land and its claims. I think he was smart enough to scoop up promotable lands (which actually I'm not sure makes him smart technically, just very promotion savvy). But what I think happened was they actually landed on something. Something monstrous. My guess is that it even knocked Urban for a loop what they lucked into. I know the junior mining game and how it's played. It truly is moving from one patch to the next hoping for the big hit and trying to raise money like hell to keep it going. Robert Friedland did that for awhile and then just got plum lucky when he hit his nickel deposit. And suddenly he went from snake oil to respected, esteemed mining "adventurist". LOL My guess is that Urban's plan was to buy up this land, raise some money and then figure out if they had anything of value, promoting it all along. And then I think a funny thing happened, he not only hit the motherlode IMO but he was deep enough in the promotion business to understand what probably was happening to his stock. And that's when the plan for UCAD and others came together IMO, which ultimately led to Roger Glenn. But make no mistake about one thing that you and I agree on Gump, I'm no fan at ALL of Urban's management skills. In fact, on many levels, I'd give him an F. But he DID bring together these claims IMO (even if it was lucky) and he DID have enough savvy to get Roger involved. Outside of that, his management style still reeks of a junior mining promoter. He may be all heart and a wonderful man, but as a CEO and President, he's not the type I'd want in place. But that's ok. I think we've got the goods and I think we've got the shorts by the nuts. And that's all that matters. Whether Urban steps aside and lets a more serious-minded executive take over remains to be seen but imo won't matter in the near term. Who knows. Maybe he'll grow up. I look forward to seeing who he surrounds himself with on his Board of Directors once the company takes a serious turn. Will they be only people Urban "trusts"? This would be a bad thing as he seems to still believe in Melvin. Conversely, if he puts people of real weight and gravity into these positions, then he will be making the same correct management decisions as he did by bringing Roger Glenn on, and in that case, I just might hold my shares well into a very bright future.
Much remains to be seen. But I like our odds on the short squeeze. And I feel we're getting a double bonus out of the odds I give us of having some pretty damn valuable claims. Just my opinion as always. :)
GENGHIS
Who the hell knows. LOL I know through my experience back in the Crystallex (that's Crystallex (KRY) and not Crystallix (CYXG)) days that when you are dealing with South/Central American governments, there is a literal labyrinth of ownership issues and government obstacles. Who knows but my guess is that the rights are owned possibly by Ecuadorian entities, and in all likelihood, people taking cuts on the deal. No offense but that part of the world is absurdly corrupt. I won't even BEGIN to tell you what I learned through Crystallex and their Venezuelan dealings. But what I will guess is that Barry Rayment is a part of this. His former director position at Ecuadorian Minerals Corporation and his extensive South American dealings (coupled with his position on the board of Bema Gold) make him a likely person that somehow has helped UCAD in coordinating their Ecuadorian concessions/rights. I don't think it's a coincidence that Rayment's name is brought into the mix just as they move the Ecuadorian operations forward. We'll see though. For right now, I file that little bit of DD as hearsay of hearsay and not of much assistance whatsoever, unless someone wants to go hire an Ecuadorian lawyer to tell us what it might mean amidst their legal and regulatory framework.
RE: GEMM TRADING
I had mentioned that I felt the shorts would shake GEMM around the .12-.18 range to scrounge up shares. The thing is they have until November 15 before any forced buy-ins might happen. It might even take a few days after that. So the real question is how hard they plan on shaking it before then, or if they can even shake it at all. Right now, it seems that most people are on to this game. I would imagine that any shares coming loose into the shorts hands are being split up between retail investors and other MMs that might be on to this. I would be very surprised if they plunge this down much below .10 but I will be there to buy if they do. .08 is my target to buy another $750 worth. Shorts could execute a number of strategies here. It will be interesting to see what they choose. My guess is if they try to tank it, buying will beat them back up. They've got time. I'd recommend a very controlled rise upwards, allowing space at each successive level for people to sell out. But do you honestly think they'd ever listen to me? LOL Nope I expect them to keep a tight reign on GEMM up through the first dividend. Remember an "explosive" jump to 60 cents would still be WAAAAAY cheaper than the covering on UCAD is requiring. In fact, GEMM could right now go well past $1 before it would be as expensive to cover on the first round of dividends as UCAD is to cover today at $14.75. So if the shorts can hold GEMM at this level for awhile and then suddenly should have to cover, there's still some slack, so to speak, on a spike up. They'll manage it as well as they can IMO, but I think if they really get the buy-ins on GEMM, this will be a wildly profitable ride.
We'll see. I am prepared to lose on my GEMM/UCAD investments, however the risk/reward ratio to me right now appears very strong. All of this of course assumes that CMKX doesn't get covered in the interim. And frankly, I just don't have the answer to whether that will happen or not.
KIMBERLITE
Personally, I believe at sub-$5, it will have a higher perceived value to retail investors. And since I believe most shares in the float have already been absorbed by long term holders, I think it will move past $5 comfortably. Even though there is no difference in the market cap, investor psychology is still at play. Retail investors would be far more attracted to owning 300 shares at $5 than 100 shares at $15. Add to that what appears to be a desire to move to a higher exchange, and I think any announcement to such effect could send the price up to $10 post-split. That's what I'm hoping at least. My target price is $10 post-split. Factors that could influence that are news, retail investors jumping in, any momentum traders and obviously short covering. I feel it's a very good investment. The real spike began on October 1. We're 3.5 weeks from that and today's close was the third highest close of the year for UCAD still. If my theory is right and the shorts have to continue to cover the dividend and/or continue getting calls/buy-ins, UCAD could spike even much higher than $10 post-split. We'll see. I'd probably be a seller at that point but then again, if it happens on very low volume I might hang on longer since the shorts might truly get stuck running it way up. We'll see. As I said, my ultimate goal is to turn my UCAD and GEMM profits around and back into cmkx.