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If you are really interested in the truth, then I recommend you contact Chris at UCAD and specifically ask her whether they have issued or will issue more shares to cover naked short positions. If so, how much.
An MM cannot deposit shares right into your account unless the MM is your broker. Those who received shares already probably just got an advance. The ones claiming their dividend is unrestricted (not everyone has) IMO either cannot tell restricted from unrestricted or their broker made an administrative error.
It doesn't matter whether your shares come from a short. Once they are in your account and settled, if they're unrestricted you can trade them. However, use caution in selling because there is a clause in the UCAD/CMKX agreement saying they can cancel stock sold early. If that happens, you will be short and will need to cover. Your broker could also come back later and say "Ooops, we made a mistake those should have been restricted. You need to cover asap."
I bet the recipients don't mind receiving free-trading shares. Hard to say what the cause was for UCAD's price drop. It went down only 10% on very light volume.
Yes, I agree. Urbie crafts carefully worded PRs which add fuel to the rumor mill. It's really not his fault though if people want to read more into them than what is there.
You may want those words to mean that, but they don't. If it wasn't a trivial amount of shares, UCAD would have to notify its own shareholders about the details.
You may want to contact the SoS next week to see if the a/s was raised. The 15 Sep PR announced: "Free trading shares not restricted 5,218,991,476; Restricted shares owned by management and shares issued in forward split: 9,400,226,802; Authorized shares 20,000,000,000."
The 24 Sep PR announced: "PRRM completed a share exchange and purchased a television station, Stowe TV-10 in exchange for 15 billion shares of PRRM paid to the shareholders of Stowe TV-10. Stowe TV-10 is now a wholly owned subsidiary of PRRM."
They've maxed out or exceeded the 20 billion a/s. Since the current officers/directors resigned and new ones took over, it's more likely a r/s will happen in the near future unless they raised the a/s to delay it a bit.
When a company gives out dividends, if there are any fractional shares they will either round the number up or down. For example, say you have 1M CMKX shares. Under the current divy ratio you would be entitled to 9.62 UCAD shares, but brokers don't deal in fractions. So, they need to round it down to 9 or up to 10. With the total set at a hard 7.5M, CMKX would have had to round down unless UCAD agreed to give them more shares which they apparently did.
skunksyard: Communication could definitely be better here. If a small group wants to organize other like-minded shareholders, fine go off and do it. They have no authority or right to say these are the leaders and everyone else in the base are followers.
I agree. They probably do believe this. It does not mean the other 45,000 (or whatever) shareholders want unlicensed, untrained, and unelected strangers representing their investment.
There is no reason for this small group to speak on behalf of everyone. If those listed are unable or too afraid to seek answers on their own, they can organize a group of willing, like-minded shareholders. They only speak for the amount of shares in the group and not the entire base.
The goal is to speak as 1 voice on behalf of the shareholders, and report back as 1 voice with answers.
Don't these people realize they can only speak for themselves not for the entire shareholder base. As far as I know, none of them are licensed or were given power of attorney to act/speak on behalf of others. This little group is free to join hands to seek answers to questions they were unable to get individually this entire time. At least half, if not all, of them are spinmeisters who IMO cannot be trusted to relay unbiased info.
FYI, 1-100 reverse split effective Monday
13:30 09/27/2004 VLVT Veltex Corp Common Stock VLXC Veltex Corporation New Common Stock 1-100 R/S **
Ref: http://www.otcbb.com/asp/dailylist_detail.asp?d=09/24/2004&mkt_ctg=NON-OTCBB
Wow, that was fast. Where is the GEMM divy announcement?
Rumor is Pacific just received the documentation today. They will transfer the shares over to 1st Global who in turn will distribute it to everyone's brokers. There is also a rumor the UCAD paydate will be delayed to 6 Oct and CIM paydate to 18 Oct.
I guess those who received divies already are getting an advance from their broker(s)?
CMKM Diamonds the subject of aborted radio debate
2004-09-24 12:31 ET - Street Wire
http://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=B-382027-U:CMKX&symbol=CMKX&ne...
By: jabberjaw521
24 Sep 2004, 11:56 AM EDT
Msg. 85834 of 85908
Jump to msg. #
(CMKX) I just got off the phone with Ameritrade, and they have not recieved any UCAD Dividends..!! They gave me a contact number for CMKX(702-656-4919) I called and it turns out to be 1st Global TA, and I talked with a Jeff M. who stated that they haven't recieved any certs form UCAD yet and that they didn't handle UCAD's account, and that I needed to call them instead.. What gives here..!! I argued with him that (CMKX) put out the PR and the responsibility lies with CMKX, not UCAD..!! He still said I still needed to call UCAD's TA and talk to them, and didn't have that phone number..? Does anyone have UCAD's TA phone number..??
Jab
Ref: http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=85834
By: nufced
24 Sep 2004, 11:29 AM EDT
Msg. 560181 of 560249
(This msg. is a reply to 560172 by eyeless24.)
Jump to msg. #
Just spoke with Chris @UCAD__there is a delay__this is going between Pacific and First Global...and with 40k plus shareholders, she said its a difficult task. But its getting done.
Maybe can get an update soon on how much of a delay.
Ref: http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CMKX&read=560181
Ooops sorry cajun, didn't mean to respond to your post here.
Fully reporting again? Why, wouldn't it be easier to stay on the exchange they are on, since they already have several companies investing in CMKX mineral rights now?
Pinksheets is NOT an exchange. It's a quotation service. As Pedro already pointed out here, once CMKX' assets reach $10M with this large shareholder base they are required to submit regular filings again with the SEC. Actually, they have until the last day of the fiscal year (Dec) to get their assets below that amount.
An issuer shall be exempt from the requirement to register any class of equity securities pursuant to section 12(g)(1) if on the last day of its most recent fiscal year the issuer had total assets not exceeding $10 million and, with respect to a foreign private issuer, such securities were not quoted in an automated inter-dealer quotation system.
http://www.law.uc.edu/CCL/34ActRls/rule12g-1.html
Has anyone checked whether Glenn has left or if the GEMM divy is being delayed/cancelled? An expensive attorney like him should not be late on a trivial dividend filing.
Close. What three r/s did Wendy add to her record in the last three weeks.
Isn't she in CMKX too?
occam: Here's one...
Category: Pennystock Jinxes for $1000
Answer: 1-100; 1-1,000; and 1-10,000
Graphical prediction of sunspot activity: http://science.msfc.nasa.gov/ssl/pad/solar/images/ssn_predict_l.gif
It's possible the server may have had problems when your emails were sent or the address may have been (un)intentionally dropped. Due to the high volume of spam on the net, many sites don't use a catchall anymore to trap emails sent to non-existent addresses. If there aren't any others listed on the site, you can always use the info in the whois database.
Administrative Contact:
Tayler, Judy jtayler@telus.net
1850 Comox St
Suite 1004
Vancouver, BC V6G1R3
CA
1-604-684-7024
If you still cannot reach her, then you can contact: EV1 Servers Customer Service (domains@ev1servers.net) and tell them this domain has wrong info in the whois database. Registrars are required to make customers provide valid contact info or take the domain away.
trade: Oh, okay. Looks like Cassone's franchise business hasn't taken off. So, perhaps Mr Ed waved a couple hundred thousand under his nose to switch focus. I'm not a miner, but I didn't see how his current patents apply to locating minerals either.
US Patent and Trademark Office shows Alphonse Cassone has two patents issued and one patent pending. It appears his focus in the last few years at least was on medical application of acoustics.
Patents:
No: 5,132,942 Title: Low frequency electroacoustic transducer
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=/netahtml/search...
No: 6,500,134 Title: Method for treating circulatory disorders with acoustic waves
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=/netahtml/search...
Patents Pending:
No: 20020151828 Title: Method for treating certain blood-manifested medical disorders with acoustic waves
http://appft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FP...
Medsonix, Inc.'s founder, Alphonse Cassone, has made numerous discoveries in the applied field of acoustics as it directly relates to the healthcare industry. This quest has been a very important part of his contribution to integrative medicine.
The Medsonix Therapy System is possibly the most important discovery relating to a non-invasive, globally accessible therapy. The technology that we offer is a non-invasive therapeutic procedure. This newly patented state-of-the-art technology utilizes a low frequency sound wave generated by an electro-acoustical transducer also referred to as the Cassone transducer. This technology is not to be confused with ultrasound therapies or procedures. The Cassone transducer is the core of the Medsonix Therapy System. This technology introduces a range of patented frequencies that we control through an innovative computer and power source system. The Medsonix Therapy System emits an acoustic energy field on the "whole body" at the same time. A therapy session lasts for 25 minutes and no disrobing is required.
Ref: http://www.franchisedirect.com/directory/medsonix.htm
More details on Medsonix franchise: http://www.entrepreneur.com/franzone/details/0,5885,12-12---313989-,00.html
Medsonix website: http://www.medsonix.com/technology.html
Name: SONIC TECHNOLOGIES INTERNATIONAL
Type: Corporation File Number: C7450-1994 State: NEVADA Incorporated On: May 16, 1994
Status: Default Corp Type: Regular
Resident Agent: ALPHONSE CASSONE (Accepted)
Address: 2626 S RAINBOW BLVD
STE 109
LAS VEGAS NV 89146-
President: ALPHONSE CASSONE
Address: 2626 S RAINBOW #109
LAS VEGAS NV 89146-
Secretary: ALPHONSE CASSONE
Address: 2626 S RAINBOW #109
LAS VEGAS NV 89146-
Treasurer: ALPHONSE CASSONE
Address: 2626 S RAINBOW #109
LAS VEGAS NV 89146-
Ref: http://sos.state.nv.us/corp_nme.asp?corpnum=X1994074500
Name: MEDSONIX, INC.
Type: Corporation File Number: C29352-2001 State: NEVADA Incorporated On: November 01, 2001
Status: Current list of officers on file Corp Type: Regular
Resident Agent: ALPHONSE CASSONE (Accepted)
Address: 2626 S RAINBOW BLVD
STE 109
LAS VEGAS NV 89146-
President: ALPHONSE CASSONE
Address: 2626 S RAINBOW BLVD STE 109
LAS VEGAS NV 89146-
Secretary: ALPHONSE CASSONE
Address: 2626 S RAINBOW BLVD STE 109
LAS VEGAS NV 89146-
Treasurer: ALPHONSE CASSONE
Address: 2626 S RAINBOW BLVD STE 109
LAS VEGAS NV 89146-
Ref: http://sos.state.nv.us/corp_nme.asp?corpnum=X2001293520
sonic transducer
Owner/Inventor Location USA
Invention/Technology_Name sonic transducer
Patent / Copyright / Trademark Status two medical patents pending
Invention/Technology development status Batch Production
Total amount invested on the invention technology so far $$200,000.00
Preferred transfer method partenership
Contact details
Contact person name alphonse cassone
Title President
Firm address 2626 South Rainbow Blvd. #207
City Las Vegas
State / Province NV
Country USA
Zip / Postal Code 89146
Phone 702-873-3700
Fax 702-873-6880
Email alcassone@aol.com
Description of Opportunity:
Sonic Technologies International and the University of Nevada, Las Vegas(UNLV) have just completed a joint medical research program for PVD Diseases. The pilot study is complete and the University is preparing to publish its findings. This medical device has proven to help people with PVD as well as Arthritis, Bursitis, and Fibromyalgia. It's non-invasive and non-intrusive and only takes 25 minutes per treatment. In most cases you only need one 25 minute treatment to see positive results. Our medical board has finished compiling its case studies and we are prepared to move forward and open nationwide Sonic Wellness Centers. Our projections for Sonic Wellness Centers are between 2-3 million dollars per yer per center. This does not include the sales of this device to hospitals, clinics, Doctors, etc.
Ref: http://www.v-capital.com/14techtransfer/14techtransfer_content.cfm?ID=146
FYI, 1-10,000 r/s and name change effective tomorrow 9/21/04
13:30 09/21/2004 MFLM Magellan Filmed Entertainment, Inc. Common Stock MGLI Magellan Industries, Inc. Common Stock 1-10,000 R/S **
Ref: http://www.otcbb.com/asp/dailylist_detail.asp?d=09/20/2004&mkt_ctg=NON-OTCBB
Yeah, he's right. It would be much funnier having Willy debate Stockpatrol's Editor.
Or, how about Sterling and Willy versus Janice and Hartley.
Oh, okay. LOLOL How about this? http://www.icknowledge.com/economics/WaferCosts2004.html
Might want to negotiate w/ Paltalk for a super-size chatroom, which holds up to say 50,000.
Thanks I'll report accadacca345 to the regulators. I assume that's the reason why you posted this here right?
According to Los Alamos National Laboratory, current prices are:
Silicon regular grade: ~$0.50/lb
99.9% pure: ~$50/lb
Hyperpure: ~$1600/lb
Not sure which of the two latter grades is used in Pentium 4 chips.
Yes, you can be IR, and Admiral of our AI bot fleet. No need to waste shares on hiring inefficient human spammers/pumpers. Limited beta testing is being done on CMKX over on RB and in Paltalk to see if the prototypes blend in okay. Our MM bot, JEFF, though needs his algorithm reworked a bit because he sticks out too much from the other MMs.
Par value is primarily used today to calculate filing fees when a corporation initially registers and when it changes its articles of incorp to raise/lower its a/s. It does NOT mean SGGM's BoD guarantees they will pay that amount per share on their stock if demanded by the public or CMKX. The amount can be changed and even made to no par value at anytime.
If SGGM shares are given out as a dividend, the public is only entitled to what the market values the stock. Should the company file for bankruptcy and be liquidated, common shareholders are last in line to collect and usually end up with nothing or close to it. As for CMKX, they are only entitled to whatever the deal agreement terms are.
The BoD is not showing ignorance here. This poster is. There is no way to put a legitimate valuation on CMKX based on divies in other companies, which have produced nothing to date.
Whether it ought to be or not is definitely not at issue, the point is, it ain't yet. Just ask Jagmedia.
Naked shorting is illegal for the public to do in US markets. Regulation T applies. MMs though can legally naked short.
Small companies like JagMedia have had their NSS lawsuits thrown out pretrial because they've been unable to provide proof to support their accusations of illegal activity. After one of these lawsuits is filed, the defendents request dismal. The accuser then has the opportunity to show the case has merit and should proceed. If they're unable to do so, the judge tosses the case out of court.
occams: How about setting up a business to mine quartz on beaches? I think that would be much more fun. You in? hehehe
The SEC sued Gateway and one of its insiders (plus a few other pennystocks) last year for giving a huge amount of S-8 shares to a financer. The case is still making its way thru the court system. Most likely the insider will get a fine and be banned from ever being an officer/director in another pennystock. Gateway could have its registration terminated. I bet the other insider and the kids won't get any punishment.
Until these types of guys are given some serious jail time (like 10+ years) and lawsuits are filed and adjudicated much, much faster, I don't see the OTC market ever getting cleaned up.
I'm not Janice, but I'll give you my opinion.
As w/ CD's, the price is irrelevant because there is no limit on how high the a/s can be raised. Insiders can issue shares up to the a/s until they raise it again or r/s to start over. As long as they're buyers, it doesn't matter to the seller if he unloads 300 million shares at .0001 or 10 million at .003. It's the same amount of money to him. The shares probably cost zero or very close to it. Also, significant price runups attract unwanted attention. The last thing you want is the regulators snooping around when you're trying to dump.
I'm not saying insiders are definitely the ones selling here. It's just an alternative scenario. There's a rumor a very large shareholder has been trying to sell off all his stock. Urbie could have setup some deals, and the recipients decided to short to secure profit. Perhaps there's a few other scenarios. It could very well be a CD or one or more of these alternatives. Being a pinkie, it's hard to tell exactly the cause w/o forcing the books to be opened or the regulators taking some action.
This stock has a pretty strong base. It's ashame shareholders don't organize themselves and apply pressure to find out what is the share structure, who is doing all this selling, and when is it going to stop. If this was done though, it's very possible people may not like what the real story is. Many are counting all the selling is caused by NSS, but I don't buy it. IMO one or more entities/people close to the company is either shorting or selling. Until it stops, IMO the stock won't be able to grow legs to run.
Yes, PCBM was a pinkie. The SEC sued that company and its insiders. If you do a search over on the SEC's site, you can read the details. Dilution was not attributed to a CD.
Although CD's can be extremely toxic like you said, they are not the only reason for a stock being heavily diluted. Sometimes insiders just issue themselves and associates a ton of shares. Gateway for example files S-8's to give employees shares which they immediately dump. Once they hit the a/s, a r/s happens shortly later, and they do it all over again.
stockhound: Didn't Etrade recently change everyone's account numbers or do something screwy like that? If so, it may just be an internal problem in switching over.
Aaaah, I see someone did a little research.
http://www.diamonds.net/news/newsitem.asp?num=7372&list=2
diamondsrock: Regardless of one's financial situation we all experience the same fear and greed emotions. A stock runs up say 200% -- our greed emotion kicks in and we want more. A stock drops 50% -- our fear emotion kicks in and we don't want to sell because it might turn around and take off. These two emotions can have a paralyzing effect and prevent us from thinking clearly. Those who learn to control these emotions usually make much wiser investing/trading decisions than those who don't.
Most penny players end up in the red. Those who get a nice profit on one or more runups usually blow it all and more over time on other stocks unless they've learned how to trade. For anyone who is trying to better his life via stock trading, I suggest he take some time off to learn and practice. Chances of getting ahead are far smaller when you approach stock trading as if it were the lottery rather than a source of income.
CMKX announced it will be paying out three dividends. The first one due 24 Sep is restricted stock in US Canadian Minerals Inc (OTCBB: UCAD). The second due 1 Oct is restricted stock in Casavant International Mining (a private company). The third one is for restricted stock in Juina Mining Corp. (Pinks: GEMM).
Nebula: I don't think this particular thread carries the stock. Where you can get great glimpses of the group think are in Paltalk where 250-500 people gather every single day from early in the morning to very late at night, the races, shareholders holding local luncheons/dinners around the country, Sterling's classroom thread, the large number of forums on this stock around the net, etc. We do see some of the participants here.
I've seen stocks which run up have a bonding effect on people. The one here is extremely strong. It's quite different than the market collective.