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I bet Melvin's "no comment" means Sterling went up there. After all, if he didn't Melvin would just say so. It's not insider info when a regular shareholder visits a company's officers.
He may have been hired but not because his theories were correct.
If Sterling was hired, yes he must disclose the amount of shares received as compensation past, current, and promised in the future. He can be invited up there as long as he doesn't attend or is privy to any company discussions revealing insider info. If they paid for his trip, he has to disclose it if asked.
It's very strange Melvin won't comment on it.
No AMEX for these guys. If the rest of his dream happens, the regulators will be swarming here if they aren't doing so already.
Sterling does NOT have a commission. He is or was an E-5 (NCO) in the Air Force. As long as he is not doing stock posting/chats on government time or using government computers, the military will not get involved.
They don't report that type of info simply because they don't have to as a pinkie. Keeping it secret actually helps generate more interest by getting the public to chat away about them.
dusty: Many newbies come here to learn. You and some others like to (re)post on this board information that is false and manipulative. When someone tries to post vaid info, you snake out and go into attack dog mode.
No dude, you are the one who should be worrying about judgment day. You aren't competent enough to honestly trade/invest in the market so you resort to conning novices. You are the one who is disgusting.
donilo: Yes, I agree there ought to be more categories, but the 2D thinkers (not me) only created two for us. Perhaps they might be willing to approve more.
Traders making posts like this http://www.investorshub.com/boards/read_msg.asp?message_id=3800601 are not "quietly doing their thing". IMO they are on par or worse than your description of a basher because they try to appear as an enthusiastic long and encourage others to buy and hold while they quietly sell out. Perhaps even worse are those who flip back and forth between hyping and bashing. There probably out to be like two levels of bashers because not everyone in that category now is trying to drive the price down to get in lower.
My guess is he may be using the money to repurchase shares in UCAD or CMKX but more like a financer would where he gets a deep discount for preferred or restricted. I guess he could use it to fund IB2000's ops. I don't know what that company's business is supposed to be.
melvil: My guess is maybe John Dhonau is finished selling his shares so the MMs are bringing the price back down slowly.
Dhonau is a beneficial holder in UCAD with shares under his name, IB2000 Inc, and Nevada Minerals Inc. Back in March 2004, he converted IB2000's preferred stock into common and sold off 40,000 shares retaining 960,000. Rendal Williams also sold 21,000 shares on 1 April. Last month otcpro started "advertising" UCAD around the net. Their announcements said they were paid 50,000 free trading UCAD shares from IB2000.
If you look at UCAD's chart here http://finance.yahoo.com/q/bc?s=UCAD.OB&t=6m , you can see how the stock was moved up over $6 in March and early April. Dhonau and Williams sold their shares at 6.79 and 6.50, respectively. After they were done, the price went back down.
All that means is they are willing to buy and not sell shares.
trade: I wish US regulators did the same as Canada does and require even pinkies to make filings or stop trading on them. It appears Canada also makes smallcaps actually hold shareholder meetings.
Do longs have to hold a stock forever to be "true longs"???
Yes, of course. To do otherwise means you're a stock trader. On this forum though, people here only allow two categories ("true long" and "basher"). Since you sold, you're a "basher".
Dusty: This is a public forum. If you post something here, anyone is free to comment on it. You've responded to mine and other people's posts without an invitation.
What you quoted is poorly worded. That's the way stock splits work. In this case, the ex-div date does indeed fall on or after the payment date. On the ex-div day, the price readjusts to account for the increase or decrease in shares. If you sell before payment or ex-div dates, sure the dividend goes to whomever picks up your shares.
For non-split stock dividends, the ex-div date is the important one and is normally set two days before the record date. An investor has to purchase no later than the day before the ex-div date so that his transaction settles by the record date. Any shares which settle after the record date are not entitled to the dividend. If an investor sells his CMKX shares on or after the ex-div date, he keeps the UCAD (or whatever) dividend he got.
Here's a real-life example to support what I'm saying in which one company is issuing a dividend in another just like CMKX plans to do: http://biz.yahoo.com/prnews/040722/to082_1.html
If you check here: http://www.nasdaq.com/reference/upcoming_splits.stm , splits listed show the ex-div on or after the payment date. Dividends (those with percentages under the ratio column) show the ex-div before the payment date. As the name implies, ex-div means the stock is trading post dividend.
As for your last sentence, look in the mirror dude. You and some other supposed "longs" have been the aggressors insulting me and others here. The treatment you've received has been far better than what you've been giving out to us.
sublime: Sure it's possible, but that guy was going way overboard. The number of junior mining companies which strike the motherload is very small.
Sorry, no I don't.
I'm not saying this stock won't ever move up again. It may or may not. And, it's not unusual for pennies to trade sideways for very long periods of time. The larger the float gets though the more it takes to move it up.
I guess most people have to experience heavy diluters the hard way. Investors should indeed worry about the o/s on ANY stock they hold. When Urbie hits the 500 billion a/s, he will either have to raise that number again or r/s. In either case, the value of your stock will go down.
All the wishing in the world by shareholders is not going to make this or any other company successful. That lies with the insiders. Urbie has yet to show he has the capability of running any company to the success levels preached by many.
Remember the little run to over .001 -- that was the pump phase. When it started turning south, that was the dump phase. Perhaps your attention was diverted during that time by those claiming everyone would be millionaires.
IMO Urbie has been bending over backwards trying to generate more interest. The larger the float grows though the more buying pressure it takes to move the stock's price up.
For anyone Canadian here:
If a Canadian wants to live and run a business in the US, does he need a green card? How do taxes work -- does he pay US only, Candian only, or both?
Ooops, my bad. LOL
These two assumptions are wrong:
(2) CMKX 8% dividend applies
(3) Just the float receives the dividend
The PR cited is dated over 1.5 years ago and applies to deals back then which apparently never materialized. In addition, the current dividends to be distributed were not made by swapping shares between CMKX and the other companies in these particular deals. Another way to tell this doesn't apply is there has been no announcement of shareholders in the other companies getting an 8% dividend of CMKX shares.
ALL OUTSTANDING common shares (restricted and float) are entitled to the dividend not just those in the float. Companies are supposed to treat EVERYONE with the same class of shares equally. If they don't, they open themselves up to nice lovely lawsuits.
Urbie announced in a PR 7.5 million UCAD shares will be issued to shareholders. Nowhere does he say only 8% of this total will be distributed. Brokers have already started notifying clients of the dividend rate (.000015).
7,500,000 x .0000155 = ~483.9 billion CMKX shares o/s
This info is wrong. The important date is the ex-dividend date not the payout one. If a shareholder sells after the ex-dividend date, he keeps the dividend he got. For those getting restricted shares, I recommend you check w/ your broker to see if they charge anything extra for handling restricted stock or after the one year holding period should you want to sell.
Shorts do NOT have to cover for these dividends. They personally will NOT pay anything out-of-pocket if they don't. I previously posted what "Will not be quoted Ex." means here: http://www.investorshub.com/boards/read_msg.asp?message_id=3714559
Why do you supposed "longs" keep reposting wrong and outrageous info here from other boards? Is it because you lack the knowledge yourself to be able to distinguish what's good from wrong info or are you intentionally trying to confuse novices for your own financial gain?
These are share dividends dude. They cannot put shares on a prepaid Visa card.
Even if it was cash, most investors have their shares in streetname at their brokers. It would be a lot more work for the dividend disbursing agent/transfer agent to track down their owners than deal at the broker level. Since not everyone will get these cards, this will add even more of a headache trying to keep the accounting straight so brokers aren't getting too many or too few shares by having some people broken out one way and others in streetname.
Mr Ed: Not sure what you mean here. Are you saying Sterling is or is not in the military?
kiddo: Sure, what you posted is important by itself. She meant there's no relationship between that and the UCAD dividend. It's just a coincidence the dates are the same for the two.
Jim: Yup and higher. There is no limit on a company's a/s in Nevada. I think CMKX may already hold the record there.
No, I don't. The only ones I have to justify credentials to are potential employers or clients who do not know me. Most in my field know me personally or by professional reputation.
Tsk tsk -- Sloppy, very sloppy.
30 PRINCEVILLE LANE =>
purchased 27 April 2004
by Princeville Limited Partnership
Residential Single Family
Witness to sale: David Desormeau (officer in Casavant Racing Corporation, Casavant International Mining Corporation, Canadian Diamond Fields International Inc.; (former) officer of CMKM Diamonds Inc)
Ref: Clark County Assessor Records
Name: PRINCEVILLE LIMITED PARTNERSHIP
Type: Limited Partnership File Number: LP664-2004 State: NEVADA Incorporated On: April 09, 2004
Status: Initial list of officers filed Corp Type: Regular
Resident Agent: GLOBALWIDE INVESTMENT COMPANY, LLC (Accepted)
Address: 136 ARBOR WAY
HENDERSON NV 89074-
General Partner: P.A. HOLDINGS, INC.
Address: 30 PRINCEVILLE
LAS VEGAS NV 89074-
Ref: http://sos.state.nv.us/corp_nme.asp?corpnum=W2004006641
Name: P.A. HOLDINGS, INC.
Type: Corporation File Number: C9360-2004 State: NEVADA Incorporated On: April 08, 2004
Status: Initial list of officers filed Corp Type: Regular
Resident Agent: GLOBALWIDE INVESTMENT COMPANY, LLC (Accepted)
Address: 136 ARBOR WAY
HENDERSON NV 89074-
President: B. DVORAK
Address: P.O. BOX 230656
LAS VEGAS NV 89074-
Secretary: B. DVORAK
Address: P.O. BOX 230656
LAS VEGAS NV 89074-
Treasurer: B. DVORAK
Address: P.O. BOX 230656
LAS VEGAS NV 89074-
Ref: http://sos.state.nv.us/corp_nme.asp?corpnum=X2004093600
Name: GLOBALWIDE INVESTMENT COMPANY, L.L.C.
Type: Limited Liability Company File Number: LLC1171-1999 State: NEVADA Incorporated On: February 23, 1999
Status: Revoked Corp Type: Limited Liability Company
Resident Agent: BRIAN DVORAK (Accepted)
Address: 136 ARBOR WAY
HENDERSON NV 89014-
Manager or Member: B. DVORAK
Address: PO BOX 230656
MEMBER
LAS VEGAS NV 89123-
Manager or Member: B. DVORAK
Address: PO BOX 230656
MEMBER
LAS VEGAS NV 89123-
Manager or Member:
Address:
Ref: http://sos.state.nv.us/corp_nme.asp?corpnum=V1999011710
You may be right. Most companies run their PRs thru their attorneys before releasing. Why didn't Glenn catch it?
I don't need to justify my credentials to you dude. I've done that and far more than you will ever dream about.
You and others who think you're entitled to cash dividends obviously want this company to be nothing but a HUGE SCAM. I on the other hand posted how real legit companies do things.
No, not if the company gives out all its cash in dividends like some here think they deserve.
I have and quite successfully thank-you.
Pedro: Why don't you, Sterling, and zen become salesmen for these cards? Seriously, I think the three of you would probably do a great job.
You may view this as a deal between two separate corporations, which technically they are, but it's just Urbie making a deal with himself. He, his friends, and relatives are probably the only shareholders of CMKXtreme. Without seeing the agreement, there's no way to predict a split in revs. Cards like this do not normally charge per transaction. The person usually pays a fee something like $5+ each time he loads his own money on the card.
Yup, I agree. The share amount is absolutely huge, and I don't think it registers with a lot of people. How can they give a cash dividend when they aren't generating any revenues yet? A company is supposed to create and grow a business. Selling stock to one set of shareholders and distributing that cash to other shareholders is not a real business. If they started doing this, IMO regulators would take a big interest.
CMKX DIAMONDS Inc. announced today that it has signed an agreement with CMKXTREME Inc. to offer a VISA Pre-Paid Stored Value card to the CMKX shareholders and race fan affinity group.
If CMKXtreme was getting all the revs, I don't see the need for signing any agreement between the two like the PR says there. CMKXtreme revs will probably go into Urbie and his buddies pockets. What CMKX makes depends on that agreement which we have no access. I'm just guessing that it'll be at least a few pennies because the fee to load money on these cards each time is like $5+.
These cards are offered in a lot of places. Hard to say if the terms are better than ones offered elsewhere. They are great for folks who have trouble getting a credit card (e.g. those with bad credit, too young, foreigners, etc). The terms between CMKX and CMKXExtreme weren't revealed, but I bet CMKX gets something (maybe a few pennies) for each card issued. On the surface at least this idea doesn't appear to be costing the company money.
Globalwide Investment Company, Inc or Globalwide Investment Company, LLC out of Nevada?
If so, both of those have had their incorp revoked.
wannab: Contrary to some people's dreams, I seriously doubt you'll ever see a cash dividend in this stock. They aren't generating revenues yet to even cover their business. IMO the card is something they came up with to make a little money off race fans and shareholders. They haven't revealed the rev cut between CMKX and CMXKExtreme, but I suspect the latter one will get most of it. I don't see any connection of this card with dividends.
As for cash/stock dividends in general: If your stock is held in street name with a broker, the company's dividend disbursing agent (in the case of dividends) or its
transfer agent (in the case of stock splits) will make the distribution or transfer directly to your broker. The broker's dividend department will then distribute the dividend or additional shares into your account. If you are holding certificates for your stock, the dividend disbursing agent or transfer agent should contact you directly.
I think ISAT may be the company Urbie is getting these prepaid cards thru. If you read ISAT's filings, they recently restructured themselves and bought a few distressed financial services companies. Not sure why Urbie used ISAT's forward-looking statement unless he liked the wording on theirs better.
Kimberlite: IMO this isn't as fluffy as some other PRs. CMKX might generate some revenues for itself with these cards. The amount though will be dependent on the deal's terms as well as acceptance by the public.