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Authorized share count as of 9/14
Per Nevada SoS office, CMKM Diamonds, Inc a/s is still at 800 billion and Casavant International Mining Corporation (CIM) a/s is still at 25 million. CIM has not been adjusted for the upcoming divy yet.
Strangely the stock went from 2 X 3 to 3 X 4 when the A/S was increased by 300 billion so parallels to any other stock seem to break down as to that point.
There's a strong group think here. When the 300 billion a/s increase was made known, most people convinced themselves this was not bad so the price only dropped for a few hours during the brief panic selling then went right back. As long as the group's psyche doesn't break, they could probably raise the a/s much, much higher. Hopefully, they don't.
I did not mean to insult you dude. If you took it that way sorry.
Predicting the how and why a stock moves is not a matter of being enamored with one's own pontifications or convincing oneself he is so tapped into the reality of how and why. It's a learned skill of recognizing patterns.
I've taken time out to learn TA and watched at least two dozen heavy diluters over the years. Perhaps I may be off on some of the fundamental details here, but its trading and chart are very similar to the others. Gagging the TA and raising the a/s to higher and higher levels are also good indicators a stock is a heavy diluter candidate.
Nope sorry, I don't have such a motive. If you want to hold your shares until 2008 or longer by all means please do so. This will not change the fact the majority of these junior mining companies will never hit the motherlode.
Enjoy holding for many years.
razordull: Because the mining business moves extremely slow. It could easily take five or more years just to show a piece of land contains economically minable diamonds or minerals. Afterwhich, they have to raise money for the infrastructure/manpower needed to do the actual mining plus go thru whatever red tape or negotiate a buyout w/ a bigger company.
I read up on one small junior mining company which successfully found the motherlode. It took seven years before they could show the land was economical to mine. They were attempting to raise money to mine the land themselves when DeBeers did a hostile takeover. Another seven years have elapsed since then, DeBeers is about to start breaking ground for open pit mining. They had to go thru a lot of red tape.
To watch a company grow from drilling its first hole to setting a diamond in a ring takes a very long time and extreme patience. Reality is the majority of these junior mining companies will never hit the motherlode. You can still make money on these mining stocks though by trading on their price swings.
It will take far longer than three years. IMO these junior mining companies should always be played as short-term trades.
GL in your long-term hold.
Many people get caught up in the excitement. Initially, they might only invest what they can actually afford to lose. After they internalize pumpers' posts, convince themselves the wacky projections are reality, and hear others claiming to have larger holdings, they then aren't satisified w/ their smaller one. So, they start buying more and more eventually getting themselves into a position where they cannot afford to lose all the money they now have in the stock. It is most definitely reality not a drama. Some actually invest money needed for rent, food, and other essentials. When the price doesn't skyrocket in the time they expect or were told, panic sets in.
If you are an attorney as you claim, you should be able to grasp the concept that many people are gullible and have problems controlling their greed factor. Perhaps you and your friends might not experience this, but many people do. Some have not only gotten themselves invested but also convinced their immediate family, friends, coworkers, etc as well.
Do you understand those of you who put in buy orders below the ask are actually a big reason for why the price is dropping here? When buying dries up at the current ask price, the MMs then look for where the next grouping of orders are. It's a great deal if one can get in at a lower price, but don't complain if the price drops yet again when others chose to do the same thing.
trade: I agree, or perhaps the feds haven't built a good case against him yet.
The feds here rarely prosecute all possible charges against bad guys. Often it takes several years after the wrongdoing before they even sue. This indictment is for 1994 to 1999. It wouldn't surprise me if these guys continued doing the same thing after that period. If the indictment says 60 P&D's, that's probably the low end. The total could easily be double or more. Prosecuters don't care if they miss charges or not cover the entire period. They just want to build a case which they think is winnable.
The first deal is obviously based on CMKX holding 100%. For each succeeding deal, is the percentage based on 100% (as you assume here) or what's remaining after the previous deals. If it's the latter, then the percentage could be higher.
Shawn was/is RA for all of these. Most are revoked.
CANLEX CAPITAL CORP. RV
ABILITY.COM RV
ADVANCE CASH SERVICES, INC. RV
BACKCOUNTRY.COM, INC. RV
BLIMAH.COM RV
BREAKTHROUGH ENTERTAINMENT, INC. RV
BROOKSIDE.COM, INC. RV
CENTRAXX LOCATION TECHNOLOGIES, INC. RV
CHOAS GROUP, INC. RV
COMMITTEE.COM RV
COMPUTECH.COM RV
CORPORATE MARKETING & RESOURCES CORP. RV
D M W 2 FUNDING, INC. RV
DENTAL IMAGING SYSTEMS, INC. RV
DOUBLE D HOLDINGS, INC. RV
EXPLOSAFE ELECTRICAL CONSULTANTS RV
FRANKOPAN&CO. PR
GALAXY 20/20, INC. RV
GLOBAL TV, INC. DQ
GYPSUM CONSULTING, INC. RV
HARBOR GROUP.NET CO., THE RV
HORIZON PRIME, INC. RV
HOT SHOT TABLE SPORTS, RV
HOT SPOTS SHOW HORSES, INC. RV
INTEGRATED.COM, INC. RV
INTERFINANCIAL GROUP; LTD. RV
JEWELS.COM, INC. RV
KULEANA PROPERTIES, INC. RV
LE CIRQUE INGENIEUX, INC. RV
LI-RAND, INC. PR
LYDEN, INC. RV
MAKCO, INC. RV
MASTERPIECE JEWELLRY, INC. DS
MASTERPIECE WROUGHT IRON, INC. DS
METRO HOLOGRAPHICS, INC. PR
MODERN.COM RV
MPEG SUPER SITE, INC. RV
NATIONAL MANAGEMENT CONSULTANTS, INC. RV
PYRAMID STRUCTURES, INC. RV
RC & ASSOCIATES, INC. RV
RED BLUFF CORPORATION RV
REGO ALMAR, LLC DS
RHEA.COM RV
RIVERDALE ENTERTAINMENT CORPORATION RV
S.F.H. HOLDINGS, I INC. RV
S.F.H. HOLDINGS, II INC. RV
SHAMROCK CAPITAL, L.L.C. RV
SHELLEY, CORP. RV
SHOW AT HOME RV
SILVER STREAM CORP. RV
SIMI HOLDINGS, INC. RV
SPECTACULAR HOLDINGS, INC. RV
TRACE.COM, INC. RV
WESTERN SKY, INC. RV
WORLD RESOURCES, INC. RV
ZNET.COM, INC. RV
SIN FRONTERAS INC. RV
Wow, Shawn hooked up w/ Herbert Jacobi and Peter Berney? LOL Those are two pretty nasty guys who really should spend some serious time in jail. Shawn's story is more interesting than Dolkart's but I don't see a direct connection yet here other than him doing business w/ Dhonau in several other companies. Dhonau himself is no saint and was a shell peddler too. I wouldn't be surprised if he was pulling the strings here. We already know he runs Nevada Minerals and holds controlling interest in UCAD. How much CMKX does he own?
This group supposedly did 60 P&D's. It would be interesting to get the entire list to see if any give a direct connection. Here's a partial:
Big Tex Enterprises Inc.
Custom Leathers of Las Vegas Inc.
Dream Team International Inc.
Far East Ventures Inc.
K-9 Protection, Inc
Professional Mining Consultants, Inc
Tera West Ventures Inc.
A few more articles on it:
http://www.reviewjournal.com/lvrj_home/2004/Feb-25-Wed-2004/news/23291669.html
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19952492
http://www.reviewjournal.com/lvrj_home/1999/Aug-18-Wed-1999/business/11776823.html
Okay, thanks much. /eom/
fung: John Dolkart is interesting too. He's a disbarred attorney as well.
averagejoe: What is the approximate cost to drill one hole from say getting the permit until receiving the lab results? When one applies for a permit to drill, how large of a land area does it usually cover?
You may want the PR to say hundreds of anomalies were left after filtering, but that's not what it says. It's also not true. The PR was carefully worded and obviously did a nice job tricking people like you. Do some independent research dude. It's not hard to find out the truth.
Don't you also think most companies might say something like 217 anomolies, rather than just "hundreds". But it wouldn't be like CMKX to release intentionally vauge PRs, now would it?
chisox: If Urbie was crystal clear in his PRs, IMO CMKX would be sitting no higher in market cap than its Canadian partners.
The PR said filtering was performed on the hundreds of anomalies. It purposely left out how many were left after filtering. It doesn't take much research to find the answer.
Chris: Don't forget the JV partners and taxes will take a cut of the profits.
As a compliance officer, he saw a lot. Of course his own investing/trading habits help form his opinion as well.
IMO what he suggests is workable. It could change the market dynamics though. Companies which release bad news or have stock prices not inline w/ their fundamentals could be driven down lower and a lot quicker. I bet price run-ups would be harder. If the OTC market was opened up, public shorters could drive a lot of small companies out of business.
Regulators create, modify, and enforce rules. It's only illegal if someone doesn't follow them. What actually exists is a double-standard. Shorting rules for the public are more restrictive than for the MMs who can legally short in cases which we cannot. The writer pointed out a few of these. For example, MMs can legally naked short (to create a market) -- we cannot.
The writer supports lifting restictions allowing the public to operate under the same rules as the MMs do right now. He could have taken the flip-side and said make the MMs play under the same restrictions as the public does. He believes in no restrictions for everyone.
Don't worry dude you'll get your just due when you least expect it. Count on it.
He never said the industry "has been infiltrated by crooks and thieves". You're twisting his words around. He said the MMs and brokers play by a different set of rules than the public which is entirely true. He wants a level field where the public is allowed to short stocks using the same rules as the MMs.
Some here think short sellers are very evil people. They aren't. Shorting is just one of several different investing/trading styles. If you have a margin account, you can short stocks as well. However, if you aren't very good at researching or reading charts you'll probably do very poor at it. Shorts actually help keep stock prices realistic compared to a company's fundamentals and provide liquidity.
Prove it. Provide full names, firm names, and phone numbers to support your "trillion shares short scam" claim; otherwise, YOU are committing libel, and YOU are the one trying to scam other investors.
IMO you ought to address your question to one of the Canadians who follow the different mining stocks including their own: trade15, TSXminer, gump90, or averagejoe. I think there's a couple others I'm missing whose aliases I can't remember right now. Since none of these guys are here tonight, just respond to one of their posts with your question so he'll see it when he comes on.
luckystrike: Actually, it's not hard to prove. All sales are recorded. As Euthydemus has pointed out a couple times here already, the DTC, DTCC, NSCC, every broker, and every securities dealer have access to such info on a daily basis. If the company subscribes to this service, they will too. Guys like El Cordobes, Pedro, Willy, Sterling, etc who go around day in and day out claiming there's an outrageously huge NSS haven't even bothered to check what is reality. It doesn't fit into their personal agenda.
As for the market order, you were very lucky Urbie came up w/ the racing idea to help get the stock moving again. Many stocks which go to 0 x .0001 end up r/s'ing then immediately dropping in price. Same could have happened here if Urbie wasn't so adept at stock promoting.
I'm not naive. I do expect anyone who makes such a claim to prove it otherwise you are intentionally lying. Where is the proof of the illegal activity -- full names, firms, and numbers please.
Prove it. Provide the full names, firm names, and phone numbers of the MM traders which made such claims to YOU or anyone you know.
No, half or more are not NSS. A company issues a dividend only to those holding outstanding shares. Short positions are not part of the outstanding. A company also does not adjust the rate to account for shorts when giving a dividend in a private company like CIM either.
Perhaps you missed this post on a conversation between a long and his broker:
But as I cont: to asked questions he said that if the stock was shorted he would be able to inform me. He said as of now that there is no short position.
Ref: http://www.investorshub.com/boards/read_msg.asp?message_id=4012220
I haven't seen anyone mention Urbie being in Paltalk recently. I think he's only been there a couple times max. Melvin, on the other hand, is a regular. A few weeks ago he said he was going to stop attending, but that was short lived.
The CEO (Urbie) and IR person (Melvin) are supposed to give out official info on the company. They aren't supposed to start rumors or leak out inside info to select groups of people.
Any CEO and/or IR who cannot act responsibly should get slammed by these outfits. All they are doing is acting as watchdogs in the public's interest. If Urbie stops w/ his shuffle games and seriously focuses on exploring minerals, they'll go away. If he doesn't, they'll probably continue to slam him and the company until the regulators take action.
Melvin Paltalk Transcript (9/9)
(Note: written by an attendee; not an exact verbatim transcript though)
We have a world class lawyer on our side. He is making deals. We need money to do drilling. This is a drilling company. We are working hard. We are a diamond company and drill for diamonds. We have all this land. One drill bit isn't going to cut it, and Urban knows this.
People keep asking me the same questions over and over about the stock such as on dividends. I don't know those answers. I'm not privy to this info. If Urban doesn't tell me, then I don't ask. If Urban wants to tell me, then he will. If he doesn't tell me something on drilling, then I'll be on his back because that's my expertise. Urban's expertise is dealing with the stock and running the company. If the share price doesn't move, don't ask me why. Go ask your broker why it isn't moving. If it's being shorted, then ask your broker why it is. Don't ask me these questions. Please explain this to others not here.
If one guy calls about the share structure and wants a callback and two others call later wanting to discuss drilling and also want a callback, I will contact those interested in the drilling first because I don't know the answer to the stock.
I think the price will go up. There are things up here in Fort la Corne you wouldn't believe. This is the largest diamond find in the entire world and CMKX is becoming part of it.
People want me to be a professional IR guy. What Rendall Williams said about me being replaced is false. The only way this will happen is if Urban fires me and that won't happen.
Folks give us some time. This is going to take a long time to do. It won't happen overnight. On the core sample results, yeah I'm PO'd about it. There's a lot of things I'm PO'd about, but they are also doing some good things too. I'm not worried about this company one bit. This company will be around a long time. The price will go up. I have no idea what to, but it will go up. Then everyone will be happy. People are mad the JV's are going up and CMKX is not. I don't have any control over that. I'm not an MM, a broker, or whatever. CMKX, Uncle Melvie, Urban, and everyone else will be around for a long time. I hope you will understand where we are coming from and hope you will be too. If you stick around, you'll see rewards.
=====
Q & A:
Q: What is in the ground up in that area?
Melvin: We all know there's diamonds, gold, not too much oil (that's in southern Saskatchewan), gas, uranium, zink, copper, lead, potash. The ones which are probably economically minable are diamonds, gold, uranium, and potash.
Saskatchewan is a world leader in potash, uranium, and farming. In Fort la Corne, the ones everyone is interested in is diamonds, gold, uranium, potash, and zinc. There's other minable minerals too, but those five are the ones most are interested in right now. We are working 24/7, but it's not going to happen overnight.
Q: Can you tell us what is going on with Carolyn samples?
Melvin: I was promised results three weeks to a month ago. I never got them. I feel like crap and bad about it. I don't know when we'll get them so I'm not going to ask anymore. When they do show up, I'll be happy about it.
Re: the other samples:
Melvin: It's still raining here. It's too dangerous to drill right now. We aren't going to subject drillers to that. We don't know what we found so far. We are waiting for the geologist. Once he determines what it is, then a PR will be sent out.
Q: Asked to explain the rumor about the second geologist and again about the Carolyn Pipe.
Melvin: The geologist (Ralph) will show up sometime this week hopefully. It's not true we are looking for another one. As far as Carolyn samples go, when you send samples in to SRC for testing you're just a number to them. They put your sample on the shelf and get to you when they can. They pride themselves on the turnaround time. I've talked to others who are pleased with the SRC performance and others who aren't pleased. We waited three months for the first sample which isn't bad considering it's summer and they're testing all sorts of things. We cannot phone them up every five minutes asking. If we PO them, they will take their sweet old time. When we get the results, we'll PR it. The more you all bug them the longer it will take.
Q: Person mumbled something about don't those who were present know what you reached in the recent hole.
Melvin: Yes, everyone there has an inkling. I've seen Kimberlite before. It's not up to me or the other five people to put out anything until we get an official word from a qualified geologist because if it turns out not to be Kimberlite then we will look like fools.
At this point Melvin stops taking anymore questions and leaves shortly later.
Why don't you contact him dusty and report back? I've checked already. We can compare responses.
When a CEO is contacted by a reporter, yes that's a good time to share information. It's a valid way for releasing info to the public. Telling a small select group at the races, on the phone, and in Paltalk a PR is coming out at a certain timeframe with certain info is exactly the wrong way. Companies are supposed to release info to the public at the same time and not show a preference to some people over others.
Urbie craves being the center of attention. What he doesn't like is a reporter who wants to tell both sides of the story. What she has written so far is really not much more than what was previously known here. Urbie had his opportunity to tell his side of the story but didn't have the backbone to do it. If he has relatives running SGGM, frankly I hope she, stockpatrol, and financialwire cream him yet again because he'll deserve it.
Why do you have such problems spelling the woman's name correctly dusty? It is Remond not Redmond. Of course, anyone can confirm what Urban said by contacting either Carol or him.
FYI, 1-100 reverse split goes into effect Monday
13:36 09/13/2004 PCCL Pacel Corp. Common Stock PCOR Pacel Corp. New Common Stock 1-100 R/S **
Ref: http://www.otcbb.com/asp/dailylist_detail.asp?d=09/10/2004&mkt_ctg=OTCBB
Melvin did say they stopped drilling, but it was due to rain not because they hit something toxic.
Hey, best of luck. Glad to see you're moving up.
I do not need be physically present to find out what the correct info is.
chisox_pat: You've got it. The PR doesn't address how many were left after filtering the hundreds of anomalies. FYI, Goldak didn't sign off on that PR.
Oh yeah, forgot about that. lolol
Supposedly, their geologist hasn't looked at what they dug up yet. Melvin said it's still raining up there and too dangerous to drill. So, the drilling is on hold right now.
Check it out for yourself dude. What I said was true. You were the one trying to present deceptive info here as fact when much of it wasn't. chisox_pat already addressed the other points.