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** Saint George Metals: Unico, Inc --> MorNorth Mortgage Holdings, Inc **
This PR from last year listed the wrong ticker plus the wrong state. There is no Unico or MorNorth registered in Colorado. OTCBB.com shows it was Unico, Inc out of New Mexico, and it was listed on the pinks at the time under symbol MNMH. MorNorth is not in good standing w/ the state of New Mexico right now.
Very interesting timing. Their shareholders' one year holding period for SGGM shares was up just last month. Coincidence?
--> 09 Dec 1998: first listed on the OTCBB as Unico, Inc (OTCBB: UNRC)
--> 21 Jul 2001: filed Form 15 terminating registration and dropped to the pinks
--> 17 Jul 2003: did 1/50 reverse split and changed name/symbole to MorNorth Mortgage Holdings, Inc (OTC: MNMH)
--> 08 Aug 2003: issued one restricted share of St. George Metals, Inc. (SGGM) for every 3 shares of MNMH share held
Refs: http://www.otcbb.com/asp/dividend.asp?sym_id=MNMH&dDate=08/06/2003&sDateType=Record_date
http://www.otcbb.com/asp/dailylist_search.asp?SearchSymbolForm=TRUE&OTCBB=True&searchby=symb...
http://www.otcbb.com/asp/dailylist_search.asp?SearchSymbolForm=TRUE&OTCBB=False&searchby=nam...
MNMH has a huge spread => Best Bid: 0.05 (5000 shares) Best Ask: 4.00 (500 shares)
Ref: http://www.pinksheets.com/quote/quote.jsp?symbol=MNMH
It doesn't trade much: Avg Vol (3m): 0
Ref: http://finance.yahoo.com/q?s=MNMH.PK
NMPRC Corporation Information Inquiry
MORNORTH MORTGAGE HOLDINGS, INC.
SCC Number: 1011022
Tax & Revenue Number: 01876241007
Incorporation Date: APRIL 26, 1979, in NEW MEXICO
Corporation Type: DOMESTIC PROFIT
Corporation Status: ACTIVE
Good Standing: Not in Good Standing
Purpose: PETROLEUM ADMIN/MRKT&REFINING CONCERNS OUTSIDE NM
CORPORATION DATES
Taxable Year End Date: 02/28/04
Filing Date: /
Expiration Date:
SUPPLEMENTAL POST MARK DATES
Supplemental: 09/14/98
Name Change:
Purpose Change:
MAILING ADDRESS
1800 N BEAUREGARD ST #150 ALEXANDRIA , VIRGINIA 22311
PRINCIPAL ADDRESS
NEW MEXICO
PRINCIPAL ADDRESS (Outside New Mexico)
1800 N BEAUREGARD ST #150 ALEXANDRIA VIRGINIA 22311
REGISTERED AGENT
CT CORPORATION SYSTEM
123 E MARCY SANTA FE NEW MEXICO 87501
COOP LICENSE INFORMATION
Number:
Type:
Expiration Year:
OFFICERS
President MEUSE, JOSEPH
Vice President
Secretary
Treasurer
DIRECTORS
Date Election of Directors: 11/01/03
MEUSE , BARRY ,
Ref: http://www.nmprc.state.nm.us/cgi-bin/nmprc/prcdtl.cgi?1011022+MORNORTH+MORTGAGE+HOLDINGS+INC
WIDAH: Oh okay, I see now. Here's the info pertaining to UCAD's deal:
The Company also received a stock subscription agreement from a related party to CMKM Diamonds to purchase 600,000 shares of the Company's common stock at a price of $5 per share. The $3,000,000 has been received by the Company and immediately used to exercise the options on the first 2% of the current and future claims of CMKM Diamonds, Inc. under the July 18, 2004 agreement, noted above.
Ref: http://www.sec.gov/Archives/edgar/data/1104194/000101968704001907/uscanadian_10q-063004.txt
If you read thru SGGM's old SEC filings, you'll see they were not a rich company and didn't even have enough money to pay an accountant to audit their financials: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000848626&owner=include
UCAD did not have $3M cash to give CMKX. They did a funky swap as described above. Since SGGM is in similar financial situation, IMO a very similar swap will be done.
Great. I recommend you check the name on the suite just to be sure it's still them since the listed address there is over a year old.
I already posted the relevant links. As for the a/s counts, you can verify them by calling the SoS at 1-775-684-5708.
** St George Metals **
Per Nevada's SoS office, St George Metals Inc raised its authorized share total to 950 billion (par value .0001) on 23 Jul 2004. St George has overtaken CMKX' a/s which is still sitting at a mere 800 billion. CIM's a/s is still unchanged at 25 million.
Where is this "wealthy" St George Metals company located? Nevada SoS shows SGGM's address as 1350 E FLAMINGO RD #688, Las Vegas. This happens to be a mailbox located in UPS Store #0097. Ref: http://www.mbe.com/hpgen/CenterPage.asp?strCenterNum=MBE0097 . CK3 Design, a Canadian company, had a research facility down the "hall" in "Suite 704" in the late '90's. Here's an older picture of the building: http://www.kitcar.com/consumeralert/Ck3/research-suite.html
IMO this is probably the same game like was played w/ UCAD where someone associated w/ CMKX took money (probably from CMKX shares they sold you all) and "plan" to buy $10M of SGGM stock. SGGM then returns the money right back to CMKX. Neat little game. Is this the best Glenn, a big NYC lawyer, can do for financing here? Geez.
Name: ST. GEORGE METALS, INC.
Type: Corporation File Number: C4070-1984 State: NEVADA Incorporated On: June 13, 1984
Status: Reinstated Corp Type: Regular
Resident Agent: MARK GIEBELHAUS (Accepted)
Address: 1350 E FLAMINGO RD #688
LAS VEGAS NV 89119-
President: MARK GIEBELHAUS
Address: 1350 E. FLAMINGO RD #688
LAS VEGAS NV 89119-
Ref: http://sos.state.nv.us/corp_nme.asp?corpnum=X1984040700
CMKM Diamonds is a Nevada corporation in the business of diamond exploration and mining.
Ref: http://www.casavantmining.com/profile_about.asp
Yeah, that will work. /eom/
I never said I was. You and a few others have been trying so hard to put Glenn on a "god" pedstal. This is a mining company not a lawfirm.
You said Glenn has "over 20 years experience with the SEC" which is wrong. The bio says he only started his legal career there. Most securities attorneys in this country try to work a few years at the SEC for experience. It's not a big deal.
Glenn is not some "god" or "savior" here. He's just a hired attorney who does works on issues Urbie assigns -- no more and hopefully no less.
maybe I'll go dressed as Uncle Melvie
Why not go dressed as a naked shorter or an MM? If you go as UM, you'll need to find a big-man suit.
Please read Glenn's bio very carefully. It says he has over 20 years experience in securities law NOT specifically with the SEC.
Glenn's presence does NOT mean CMKX will never be in trouble with the SEC. As a hired attorney, all he does is advise his clients not make corporate decisions on his own.
FYI ....
Do these claims belong to this company?
http://cgi.ebay.ca/ws/eBayISAPI.dll?ViewItem&item=4322266762
Oh yeah, what sources? Link(s) please.
FYI, GPVI filed a 1-4 reverse split effective tomorrow. GLTA
http://www.otcbb.com/asp/dailylist_detail.asp?d=08/31/2004&mkt_ctg=NON-OTCBB
sublime: tatrader is referring to another company not CMKX in regards to the free shares. WillyWizard got into trouble for selling stock, which wasn't properly registered, into the float that he received in exchange for "promotion" services.
Ref: http://www.sec.gov/cgi-bin/txt-srch-sec?text=%22harold+engel%22§ion=Entire+Website&sort=....
It's only $133 to file in Clark County court. He's going after the DTCC pro se? lolol
04-A-491236-B Status ACTIVE
Plaintiff Walters, Gary W Attorney Pro Se
Defendant Depository Trust And Clearing Corp Attorney ## Unknown ##
Judge Hardcastle, Kathy Dept. 4
Filed Date 08/30/2004 Closed Date
Filed Date Description Performed
08/30/2004 COMPLAINT FILED Fee $133.00
For Walters, Gary W
Ref: http://courtgate.coca.co.clark.nv.us/DistrictCourt/asp/CaseNo.asp
Gary Walters runs BBX Equity Group, LLC, which happens to be a financier of NanoSignal Corporation. Ref: http://www.nanosignalcorp.com/news/2003/2003_05_05.html He has some other interesting court cases in Clark County too.
Of course shorting occurs. It's part of the market. Have you found any brokers yet which will let you short CMKX either on margin or naked though? If so, post the firms.
BTW, your link doesn't work.
If he was serious, he would have filed in a federal court which has jurisdiction over them. A county court in Las Vegas doesn't have it over someone in New Jersey. That's funny.
dusty: If someone held settled CMKX shares on 20 Aug and chooses to sell them today, yes he will still receive the UCAD dividend (and the CIM one too) unless of course the company decides to cancel them or change the record dates. Whether you recognized it or not, you supported what I'm saying in this post here:
http://www.investorshub.com/boards/read_msg.asp?message_id=3926604
IMO that part on the page is poorly written. See this sentence right before your first bold section: "The procedures for stock dividends may be different from cash dividends. " It says procedures may be different not they are always different. Then it goes on to describe what actually applies to splits which in fact do work differently.
Check out this page here: http://www.nasdaq.com/reference/upcoming_splits.stm All the splits (listed as # : #) have their ex-div date falling on or after the paydate. The ones giving out divies (listed as ratios like #.##%) show the ex-div date before the paydate. The ex-div date is actually the important date here. It indicates the first day the shares trade w/o a dividend attached. For some unknown reason Nasdaq didn't attach an ex-div date on the divies which adds to the confusion.
Here's an example. Hoople sold his shares on 20 Aug (record date) and his broker said he is entitled to the UCAD divy: http://www.investorshub.com/boards/read_msg.asp?message_id=3922147
I'm not telling anyone to sell there dusty. Each individual should make his own decision on when to buy, hold, or sell any stock. I'm pointing out he has wrong info which was spread around by YOU and some others.
Perhaps this consensus may be among confused longs, but everyone else should know you can start selling two market days before record date and still receive the divy. The only day(s) you have to hold CMKX shares is ON the record date(s). That's it. Example: If you sold on or after 18 Aug, you still held shares on the 20th (because three day settlement applies) and receive the UCAD one.
What you all are using in your assumption here is what actually applies to splits where the ex-div (first day shares trade w/o a dividend attached) falls on or after the paydate. In that case, sure you have to hold thru the paydate. For these divies though, ex-div falls before the record date.
Note: The company can always move the record date, change the amount, or even cancel the divies.
Don't you think Urbie would have PR'd this? He sends out PRs for far less.
I've found 11 companies so far which are doing share swaps w/ Langley Park. Ten are dual pinkie/OTCBB and one is pinkie only.
VooDoo: Why don't you ask Melvin? I think his number is toll-free. He of all people should know. The address for CIM and CMKXtreme is a residential house and is probably where Urbie lives.
El Capitan loses its "E" tomorrow
13:30 08/31/2004 ECPNE ECPN El Capitan Precious Metals, Inc. Common Stock
Ref: http://www.otcbb.com/asp/dailylist_detail.asp?d=08/30/2004&mkt_ctg=OTCBB
Sure, it's possible -- anything is possible in these pennies.
I just checked the Nevada SoS a little while ago. They do not have an amendment yet raising the a/s on CMKX (still 800 billion) or CIM (still 25 million).
** CMKX Filed Revised Dividend Rates **
UCAD: previous: .0000155 now: .00000962
Refer to the D/L of 8/2/2004, Rate revised by Co. +.00000962 of a restricted share of US Canadian Minerals Inc (OTCBB: UCAD) for each share held. Will not be quoted Ex.
CIM: previous: .028 now: .0256
Refer to the D/L of 8/23/2004, Rate revised by Co. .0256 of a restricted share of Casavant International Mining for each share held. Will not be quoted Ex.
Ref: http://www.otcbb.com/asp/dividend.asp?sym_id=CMKX&sDateType=ex_dt
7,500,000 UCAD x (1 CMKX / .00000962 UCAD divy) = 779,625,779,625 CMKX
40,000,000,000 CIM x (1 CMKX / .0256 CIM divy) = 1,562,500,000,000 CMKX
This story was already covered in the news from at least May 2004. The sculptor was PAID and quite handsomely under Iraqi standards to do this. The work was NOT done out of the kindness of his heart or for free.
Srvn N Iraq's version is an urban legend started shortly after the story was reported. Here are the real details: http://www.snopes.com/photos/military/kalat.asp
ksbradley: All three dividends are supposed to be restricted. This shows the first two: http://www.otcbb.com/asp/dividend.asp?sym_id=CMKX&sDateType=ex_dt
Most brokers also charge a fee to retrieve and send out stock certificates. I recommend you contact yours and discuss this w/ them.
ringman: What good are they?
The only difference between restricted and free-trading stock is the former carries a required holding period usually for a minimum of one year. After a year elapses, you can sell the stock but only if the issuer removes the restriction legend on it first. After holding two years, the legend is usually automatically lifted. Other than the long holding period, the two stocks are the same -- you'll get any dividends issued, your shares can be forward or reverse split, etc.
Yes, restricted stock shows no dollar value right now because it cannot be sold into the market. You're free to do a private sell to someone else if you want. The problem w/ restricted stock though is you can never tell what the price will be or even whether the company will be in business by the time the stock is finally free-trading.
What is the definition of restricted shares
http://www.law.uc.edu/CCL/33ActRls/rule144.html#a.3 .
what practical value do they have
Companies issue restricted stock (often at a nice discount to the current share price) in exchange for cash, services, assets, acquisitions, etc.
Wow, that was a great P&D. lolol
Technically it's not legal, but some smallcaps have been known to issue stock way above their a/s. Regulators don't have the resources to monitor and enforce this. It's up to shareholders to take legal action if they want.
Before dismissing the 1+ trillion o/s, have you checked the Nevada SoS to see if Urbie raised the a/s again? The record date is 31 Aug 04. So, he still has some time.
bob41: Possibly. Could also be a clerical mistake where the restriction code was inadvertently left off. Could also be the recipients can't tell restricted from free-trading.
I don't know if these people's friends actually received their divy or not. It's not unusual for some to get a divy much earlier than others. This "rumor", if it is one, started w/ "longs".
WillyWizard, drymouth, and a couple other longs were the ones claiming their friends had received the UCAD divy early, and it was unrestricted. If some received the divy early, good for them. It doesn't have to be given out until on or after the paydate though.
The only ones I've seen start whopping rumors are so called "longs". Then, the rest of the longs go into a frenzy over what they say. It's very interesting to watch how wrong info when repeated over and over becomes reality with many here.
Pedro: Thanks much. /eom/
Please post the PR which shows the BoD completed their review and approved the dividend policy.
Share and Cash Dividend Policy
As previously announced on January 7, 2003, the Company approved a mandatory cash and share dividend policy. At the majority shareholders' meeting it was determined that the dividend policy should be reviewed by the newly elected Board of Directors. Until such review has been completed, there will be no mandatory dividend policy in effect.
Ref: http://www.sec.gov/Archives/edgar/data/1092299/000111776803000002/schedule.htm
Juina Mining Tout Results in Irate Phone Calls to Jodys Travel
Friday, August 27, 2004 12:27:47 AM ET
Aug 27, 2004 (financialwire.net ) -- (FinancialWire) Someone appears to have paid "Prospector Alert" a whopping $50,000 to send out faxed "Investors Alert!! GOLD, GOLD, GOLD" touts for Juina Mining (OTC: GEMM), but whatever the fax broadcaster received or from whom did not seem to be enough to finance a real phone number for irate recipients to have themselves taken off the list.
The fax says that controlling interest in Juina has been acquired by US Canadian Minerals (OTCBB: UCAD), which it said "has been on a tear since June, going from $1.35 to over $5." Earlier in August, CMKM Diamonds (OTC: CMKX), which is a favorite of Stock Patrol (www.stockpatrol.com) for its 500 billion shares, a world record number of shares outstanding, said it intends to distribute 95,502,027 of Juina Mining Corp. to its shareholders on October 1 as a dividend.
The 800 number given to "be removed immediately from the database" was missing a digit, leaving Jody Donnelly at Jodys Travel to field hundreds of calls from people wanting to be off the fax list, which she pointed out is "at my expense," not to mention the time and aggravation involved.
The fax broadcast said that the company, which trades at $0.028, has a one month target price of $0.50. The company traded at $0.20 in mid-2002 and spiked at $0.16 in late March, 2004.
It didn’t say who the "analyst" is or the location of the report, who paid the $50,000, or the qualifications of the "analyst."
Donnelly just wants her phone number off the faxes and out of the mix.
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Ref: http://www.stockselector.com/newsarticle.asp?symbol=CMKX&article=58744493
Pedro: Did you receive the package from Nevada's SoS yet? If so, was there anything interesting in the attachments to CMKX' filing?
Share and Cash Dividend Policy
As previously announced on January 7, 2003, the Company approved a mandatory cash and share dividend policy. At the majority shareholders' meeting it was determined that the dividend policy should be reviewed by the newly elected Board of Directors. Until such review has been completed, there will be no mandatory dividend policy in effect.
Ref: http://www.sec.gov/Archives/edgar/data/1092299/000111776803000002/schedule.htm