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CMKX connection tied through GEMM :) eom
Buy on w/anticipation sell on information :) eom
DIAMONDS IN SASKATCHEWAN
The Company has acquired approximately 230,000 acres within the Fort a la Corne and White Gull districts of Saskatchewan. The Fort a la Corne district contains one of the largest known clusters of diamondiferous kimberlite pipes in the world. The Monopros(Debeers) joint venture has spent in excess of $20,000,000 on exploration and have identified 57 diamondiferous kimberlite pipes. At least one of these pipes contains up to one billion tonnes of material. The White Gull district also contains a number of diamondiferous kimberlites. Airborne magnetic surveys have been the primary exploration tool utilized in this area and have been successful in locating kimberlite pipes. Shane has obtained airborne magnetic data over portions of its properties that contain a number of anomalies interpreted to be kimberlites. Ground geophysics will be utilized to prioritize drill targets and drilling will follow.
WHY DIAMONDS IN SASKATCHEWAN ?
- One of the largest known kimberlite clusters in the world.
- 130 of the 2000 kimberlite pipes known worldwide are macro-diamond bearing. 23 of these are located in the Fort a la Corne district of Saskatchewan.
- 80% of Saskatchewans' kimberlite pipes are diamondiferous.
- 50% contain diamonds over one millimeter in size.
- A high percentage of diamonds recovered are clear, inclusion-free and exhibit good crystal form.
- Pipes said to have erupted under inland sea and therefore have not been exposed to weathering or glaciation.
- Pipes lie within 300 feet of surface.
- Area accessible by paved all-weather road, with water and power readily available.
- Studies indicate cash operating costs of $10.50 per tonne, including overburden removal.
- Saskatchewan government encourages mining in the province.
http://www.shaneresources.com/diamonds_in_saskatchewan.htm
Last Press Release: September 8, 2004
News Release For Immediate Release
KFG Resources Ltd.
118 Lower Woodville Road
Natchez, Mississippi 39120 Trading Symbol: KFG
(TSX Venture Exchange)
Mr. Robert A. Kadane, President of KFG Resources Ltd., announced today that the Company's subsidiary, KFG Petroleum Corporation, will participate with industry partners in the drilling of two wells, the Ransom 16-1, Comanche County, Kansas, and the Adelhard 1-12, Barber County , Kansas. The estimated cost to the Company for the drilling and testing these wells is US$19,000 for the Ransom well and US$8,500 for the Adelhardt. The Company has a 9.7% working interest (7.88% net interest) in the Ransom and an 8% working interest (6.6% net interest) in the Adelhardt. Both wells are significant stepouts from existing production and may be classified as 'wildcats'.
The Company's common shares are listed on the TSX Venture Exchange, Vancouver, B.C., trading symbol "KFG". For additional information, please contact Mr. Robert A. Kadane, President, at (303) 825- 7080.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release."
http://www.kfgresources.com/press/2004/040909.htm
zeninvestor32: Not much information available regarding the Langley Park Investment Trust :(.
http://www.investorshub.com/boards/board.asp?board_id=2961
Klon: Heres the information I could find on Langley Park Investments (UCAD Financer). http://investorshub.com/boards/board.asp?board_id=2961
Trash Terminators! CMKX to da MOOOOOON!!!
Oh BTW I made you moderator for all Langley Park Investment related message boards (In my control), hopefully Shelli won't "terminate" me for it! :)
Waiting patiently for more information regarding Langley Park Investment :)
Thank You
Langley Park Investment Trust message board:
http://investorshub.com/boards/board.asp?board_id=2961
Langley Park Investment Trust message board:
http://investorshub.com/boards/board.asp?board_id=2961
Langley Park Investment Trust message board:
http://investorshub.com/boards/board.asp?board_id=2961
Langley Park Investment Trust message board:
http://investorshub.com/boards/board.asp?board_id=2961
Langley Park Investment Trust message board:
http://investorshub.com/boards/board.asp?board_id=2961
Langley Park Investment Trust message board:
http://investorshub.com/boards/board.asp?board_id=2961
Langley Park Investment Trust message board:
http://investorshub.com/boards/board.asp?board_id=2961
Langley Park Investment Trust message board:
http://investorshub.com/boards/board.asp?board_id=2961
KleenAir Systems, Inc. at the Forefront with Their Automotive Emission Technology as Featured on CEOcast.com
IRVINE, Calif.--Sept. 16, 2004--KleenAir Systems, Inc.. (OTCBB:KAIR) is pleased to announce that KleenAir Systems, Inc. President Lionel Simons has been featured on CEOcast.com.
Mr. Simons explained in his interview that KleenAir Systems Selective Catalytic Reduction (SCR) technology has already been tested in the UK where their technology is reducing Nitrogen Oxides. He went on to explain that there are high medical costs in the UK due to NOx inhalation. "KleenAir System's technologies will reduce deaths and medical expense burdens related to NOx inhalation on UK taxpayers," stated Lionel Simons, President of KleenAir Systems, Inc.
In the United States, KleenAir Systems, Inc. has been working with the various federal and state agencies such as the Environmental Protection Agency (EPA) to finalize testing protocols. In the First quarter of 2005, the company expects to have completed the EPA retrofit verification and then they can start generating direct revenues. KleenAir Systems, Inc. should be generating income through their UK affiliate in the Fourth quarter of this year.
To listen to the interview in its entirety, please visit http://www.ceocast.com.
About KleenAir Systems, Inc.
KleenAir is at the cutting edge of automotive emission reduction technology including Selective Catalytic Reduction (SCR), Diesel Particulate Filters, Diesel Oxidizing Catalysts and advanced catalytic technology that significantly reduces nitrogen oxides, carbon monoxide, hydrocarbon and particulates. These pollutants have been shown to be a major contributor to heart and lung disease.
About CEOcast
CEOcast is the premier source of original and syndicated streaming broadcast interviews of CEOs of public companies. CEOcast is distributed to millions of on-line investors at over 700 financial websites as well as to more than 20,000 portfolio managers, buy side analysts and traders at more than 3,300 North American Institutions.
Safe Harbor Statements
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings.
http://www.theautochannel.com/news/2004/09/16/227689.html
DirectView, Inc. Inc. Announces Langley Park Investment Trust Plc Begins Trading on London Stock Exchange
BOCA RATON, Fla.--(BUSINESS WIRE)--Oct. 7, 2004--DirectView Inc. (OTCBB:DRVW) announced today that Langley Park Investment Trust Plc was admitted to the Full List of the London Stock Exchange and that dealings in Langley shares have commenced on Oct. 7, 2004. DirectView, Inc. had previously signed an agreement with Langley to engage in a transaction for the funding of the company. The agreement calls for the purchase, by Langley, of DirectView Inc. restricted common shares, valued at the time of the closing at $2,398,750.00 USD, in exchange for shares of the investment company.
Langley has been established specifically to invest in U.S. micro cap companies with long-term growth potential.
Langley has entered into a "lock-up" agreement with DirectView Inc. pursuant to which it has agreed not to trade DirectView Inc. shares it will receive as a result of this transaction for a period of two years from the closing date. In full payment for the shares of DirectView Inc., Langley has issued to DirectView Inc. $2,398,750.00 USD equivalent of its shares at a price per share valued at One Pound Sterling.
Fifty percent of Langley's shares issued to DirectView Inc. will be held in escrow for two years following their issuance and in the event the per share market price of DirectView Inc. common stock at such time is less than the per share value of DirectView Inc. stock at the time of the closing, Langley shall be entitled to the return out of escrow a percentage of the investment company's shares equal to the market value of such decline. The remaining shares held in escrow shall be released to DirectView Inc. at the time of any such release back to Langley.
Jeffrey Robbins, President of DirectView stated, "We are very pleased to be receiving this capital infusion. This will enable DirectView to aggressively begin new marketing of our current products and services. It will further provide for continued development of our proprietary videoconferencing products."
iMedia Closes on $7.6 Million Stock Purchase Agreement with London Investment Trust
Friday October 8, 8:18 am ET
SANTA MONICA, Calif., Oct. 8, 2004 (PRIMEZONE) -- iMedia International, Inc. (Other OTC:IMNL.PK - News) In a transaction valued at $7.6MM, iMedia International announces the closing of a private placement of 4,000,000 of its common shares at the price of $1.90 per share with Langley Park, PLC, a London-based investment trust listed on the London Stock Exchange.
ADVERTISEMENT
In lieu of cash, the investment trust purchased the shares with 4,185,122 shares of its free-trading common stock. At the time of the transaction, the trust's shares were valued at 1.00 pounds per share (US$1.81). The public market price of these shares varies on a day-to-day basis subject to market conditions and the value of the trust's underlying portfolio.
Pursuant to the terms of the agreement, the trust may not sell, transfer or hedge against the iMedia shares for a period of two years. In addition, iMedia has agreed to place in escrow 50% of the trust's shares as downside protection for the trust in the event iMedia's stock is trading at less than $1.90 per share upon the expiration of the two-year lock-up term. iMedia would then be obligated to return some portion of the escrowed shares to make up for any difference between the purchase price and the market price of its common stock at the end of two years.
``This placement represents the largest single investment in our company to date. We are very pleased that we were able to negotiate a restriction prohibiting the trust from selling or hedging against our shares for the next two years. This gives us a very nice window to grow our company and increase revenues without the worry that these shares will immediately flood the market,'' says David MacEachern, CEO of iMedia International. ``It is our goal to obtain a listing on the AMEX or the NASDAQ Small Cap market. We now have a substantial balance sheet asset that will help us meet the net asset requirements for listing on these exchanges.''
The Company intends to immediately liquidate a portion of the trust shares for cash for operations, and use the balance as collateral for various future credit lines and facilities.
A full description of the transaction, terms and Stock Purchase Agreement is available in the Company's public filings.
http://biz.yahoo.com/pz/041008/65232.html
Material Technologies, Inc. Enters Into Agreement with London Investment Company for Sale of 8,666,666 Shares
LOS ANGELES--(BUSINESS WIRE)--Oct. 7, 2004--Material Technologies, Inc. (MATECH) (OTCBB:MTNA) announced today that it has completed an agreement with an Investment Company in London for the purchase by the Investment Company of 8,666,666 MTNA common shares in exchange for shares of the Investment Company.
The Investment Company is newly formed, based in London, and has applied for its shares to be admitted to trading on the London stock exchange as an investment trust. The Investment Company has been established specifically to invest in US micro cap companies with long term growth potential. The Investment Company expects its shares to be trading on the London Stock Exchange by October 7, 2004.
"Should we be able to sell or borrow on the Investment Company shares from time to time, this would provide added liquidity and expansion capital for the Company. The amount of proceeds from the sale of the shares of the Investment Company is uncertain and contingent on market conditions," said Robert M. Bernstein, CEO of MATECH.
The Investment Company has entered into a "lock-up" agreement with MATECH pursuant to which it has agreed not to trade the MATECH shares for a period of two years from the closing date. In full payment for the shares of MATECH, the Investment Company will issue 7,158,590 of its shares to MATECH at a price per share valued at One Pound Sterling.
Fifty percent of the Investment Company's shares will be held in escrow for two years following their issuance, and in the event the per share market price of the MTNA common stock at such time is less than the per share value of the MTNA at the time of the closing, the Investment Company shall be entitled to receive out of escrow a percentage of the shares equal to the percentage of such decline. The remaining shares held in escrow shall be released to MTNA at such time.
MATECH is engaged in the research and development of metal fatigue detection, measurement, and monitoring technologies. As such, the Company has developed a suite of devices for the non-destructive testing (NDT) of metal fatigue and monitoring of structural integrity. These technologies can be applied in virtually any industry in which metal is a significant structural component; i.e.: Bridges, Aerospace, Turbine Engines, Oil & Gas, Construction, Shipping, etc.
http://home.businesswire.com/portal/site/altavista/index.jsp?ndmViewId=news_view&newsId=20041007...
LOS ANGELES, Oct. 5 /PRNewswire-FirstCall/ -- IVI Communications, Inc.
(Pink Sheets: IVCM) announced today that they have signed an agreement with a
private investment company for the purchase by the investment company of
$2 million of IVI Communications, Inc. common shares in exchange for shares of
the investment company.
The investment company is a newly formed London-based company that will
apply for its shares to be admitted to trading on the London stock exchange as
an investment trust. The investment company has been established specifically
to invest in US micro cap companies with long term growth potential. The
investment company expects its shares to be trading on the London Stock
Exchange by October 29, 2004.
"This investment will enable IVI Communications, Inc. to speed up our time
table in acquiring Tier III Dial-up Internet Service Providers," said Nyhl
Henson, CEO of IVI Communications, Inc.
The investment company has entered into a "lock-up" agreement with IVI
Communications, Inc. pursuant to which it has agreed not to trade the IVI
Communications, Inc. shares it will receive as a result of this transaction
for a period of one year from the closing date. IVI Communications, Inc. has
agreed to file a registration statement with the SEC allowing the public
resale of the common shares by the investment company, commencing at the
expiration of the "lock-up" period. In full payment for the shares of IVI
Communications, Inc., the investment company will issue to IVI Communications,
Inc. $2 million equivalent of its shares at a price per share valued at One
Pound Sterling.
Thirty percent of the investment company's shares will be held in escrow
for one year following their issuance and in the event the per share market
price of the IVI Communications, Inc. common stock at such time is less than
the per share value of the IVI Communications, Inc. stock at the time of the
closing, the investment company shall be entitled to receive out of escrow a
percentage of the shares equal to the percentage of such decline. The
remaining shares held in escrow shall be released to IVI Communications, Inc.
at such time. The closing of this transaction is subject to certain
contingencies, including the listing of the investment company shares on the
London Stock Exchange on or before October 29, 2004.
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/10-05-2004/0002265863&....
Consolidated Energy Announces Completion of Funding Agreement With London-Based Investment Company
MIAMI, Oct 8, 2004 /PRNewswire-FirstCall via COMTEX/ -- Consolidated Energy & Technology Group, Inc. (OTC Pink Sheets: CGGE) is pleased to announce that it has recently completed an agreement with a London-based investment company for the purchase by the investment company of 4,000,000 of Consolidated Energy common shares in exchange for 4,405,286 ordinary shares of the investment company valued at 1 pounds sterling per share or US$8,000,000 at the closing date exchange rate.
The investment company has been established specifically to invest in US micro cap companies with long-term growth potential and has had its shares admitted to trade on the London Stock Exchange as an investment trust. The value of its shares will fluctuate with the market.
The investment company has entered into a "lock-up" agreement with Consolidated Energy pursuant to which it has agreed not to trade the Consolidated Energy shares it has received as a result of this transaction for a period of two years from the closing date.
Fifty percent of the investment company shares received by Consolidated Energy will be held in escrow for two years following their issuance and in the event the per share market price of the Consolidated Energy common stock at such time is less than $2 the investment company shall be entitled to receive out of escrow a percentage of the shares equal to the percentage of such decline. The remaining shares held in escrow shall be released to Consolidated Energy at such time.
Consolidated Energy is a holding company in the business of acquiring and developing proven technologies which seek to provide sought-after solutions to current environmental problems in our modern world, with special emphasis on alternative energy, waste management and land remediation.
Consolidated Energy intends to manufacture, market, install and maintain products that provide solutions in the waste sector and at the same time use these resources to provide alternative energy and other products.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2004%5C10%5C08...
Galaxy Minerals Announces Possible Stock Swap With a London Investment Company
LAKE VILLA, Ill., Jul 28, 2004 /PRNewswire-FirstCall via COMTEX/ -- Galaxy Minerals, Inc. (OTC Bulletin Board: GAXY), a mining company with 51 percent interest in 52 mining claims over 1,040 acres in Santa Cruz County, Arizona, today announced it has entered into a conditional stock purchase agreement with a London-based investment company.
Under the terms of the agreement with the investment company, Galaxy Minerals, Inc. has agreed to issue 31,578,950 shares of common stock, restricted in accordance with Rule 144 to the investment company in exchange for a number of ordinary shares of the investment company, calculated by dividing the market value of Galaxy's shares by the US dollar/pound sterling exchange rate. All of the shares of both companies will be placed into an escrow, and released if certain conditions are satisfied. If the investment company has not listed its shares on the London Stock Exchange by September 30, 2004, the Company may rescind the agreement with investment company without further obligation.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2004%5C07%5C28...
Galaxy is a Florida incorporated company trading on the OTC Bulletin Board (GLXY.OB).
The mission of Galaxy is to create shareholder value and growth through the acquisition and prudent development of mining projects. Gold is the main focus of the company's activities.
Great opportunities exist for resource-based companies in the prevailing market conditions. From time to time the projects and targets of the company may change as Galaxy finds itself in the dynamically changing world of mining and mining exploration.
The Company's initial targets are well documented with the focus of attention being exploration leading to Gold production.
Galaxy's goal is to add value to its asset base by utilizing a strong management team coupled with sound technical expertise so as to enhance project value.
It is the intention of Galaxy's management to add value to shareholders through:
-Acquiring viable mineral rights
-Bringing projects into production
-Diligently evaluating mineral projects on an on-going basis.
Galaxy will focus on its current project inventory; however, additional projects will constantly be evaluated in line with the ever-changing minerals environment.
All projects will comply with current environmental and technological standards.
http://galaxyminerals.com/Our_Mission_/our_mission_.html
U.S. Canadian Minerals Inc. Announces Financier Langley Park Actively Trading
LAS VEGAS--(BUSINESS WIRE)--Oct. 8, 2004--U.S. Canadian Minerals Inc. (OTCBB: UCAD - News) announced today that the company's financier, Langley Park Investment Trust Plc (LSE: LPI.l - News), is now actively trading on the London Stock Exchange (http://www.londonstockexchange.com/en-gb/). Under terms of the transaction between Langley and the company, detailed in earlier releases, the start of trading initializes the time schedule for the funding for UCAD.
Rendal Williams, CEO of UCAD, stated: "The funding transaction with Langley has proceeded smoothly throughout, and we are excited to be in its final stages. This is yet another step forward in our plan of growth and acquisitions. The company is proceeding with its plan of expansion and increased value for our shareholders."
http://www.uscanadianminerals.com/news.asp
Thats correct. eom
U.S. Canadian Minerals Inc. Announces Financier Cleared for Trading on London Stock Exchange
LAS VEGAS--(BUSINESS WIRE)--Oct. 6, 2004--U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced today that Langley Park Investment Trust Plc was admitted to the Full List of the London Stock Exchange and that dealings in Langley shares will commence on Oct. 7, 2004. U.S. Canadian had previously signed an agreement with Langley to engage in a transaction for the funding of the company. The agreement calls for the purchase, by Langley, of U.S. Canadian Minerals Inc. common shares, valued at the time of the closing at $9,005,355 USD, in exchange for shares of the investment company.
Langley has been established specifically to invest in U.S. micro cap companies with long-term growth potential.
Langley has entered into a "lock-up" agreement with U.S. Canadian Minerals Inc. pursuant to which it has agreed not to trade U.S. Canadian Minerals Inc. shares it will receive as a result of this transaction for a period of two years from the closing date. In full payment for the shares of U.S. Canadian Minerals Inc., Langley will issue to U.S. Canadian Minerals Inc. $9,005,355 USD equivalent of its shares at a price per share valued at One Pound Sterling.
Fifty percent of Langley's shares issued to U.S. Canadian Minerals Inc. will be held in escrow for two years following their issuance and in the event the per share market price of U.S. Canadian Minerals Inc. common stock at such time is less than the per share value of U.S. Canadian Minerals Inc. stock at the time of the closing, Langley shall be entitled to the return out of escrow a percentage of the investment company's shares equal to the market value of such decline. The remaining shares held in escrow shall be released to U.S. Canadian Minerals Inc. at the time of any such release back to Langley.
http://home.businesswire.com/portal/site/altavista/index.jsp?ndmViewId=news_view&newsId=20041006...
Got Link? eom
RE: CMKX / chart (CMF and A/D look good)
http://stockcharts.com/education/IndicatorAnalysis/indic_ChaikinMoneyFlow1.html
Accumulation Indications
The Chaikin Money Flow oscillator generates bullish signals by indicating that a security is under accumulation. There are three items that determine if a security is under accumulation and the strength of the accumulation.
The first and most obvious signal to look for: is Chaikin Money Flow greater than zero? It is an indication of buying pressure and accumulation when the indicator is positive
The second item: determine how long the oscillator has been able to remain above zero. The longer the oscillator remains above zero, the more evidence there is that the security is under sustained accumulation. Extended periods of accumulation or buying pressure are bullish and indicate that sentiment towards the security remains positive.
The third indication: the actual level of the oscillator. Not only should the oscillator remain above zero, but it should also be able to increase and attain a certain level. The more positive the reading is, the more evidence of buying pressure and accumulation. There is such a thing as weak buying! This is usually a judgment call, based on prior levels for the oscillator.
The Accumulation/Distribution Line is good means to measure the volume force behind a move.
As a volume indicator, the Accumulation/Distribution Line will help to determine if the volume in a security is increasing on the advances or declines.
The Accumulation/Distribution Line can be used to gauge the general flow of money. An uptrend indicates that buying pressure is prevailing and a downtrend indicates that selling pressure is prevailing.
The Accumulation/Distribution Line can be used to spot divergences, both positive and negative
The Accumulation/Distribution Line can be used to confirm the strength and sustainability behind a move.
There are some drawbacks to the Accumulation/Distribution Line, though.
The indicator does not take gaps into consideration. A stock that gaps up and closes midway between the high and the low will not receive any credit for the advance off of the gap. A series of gaps could go largely undetected.
Because the Accumulation/Distribution Line is clearly tied to price movement, specifically the close, it will sometimes move in step with the underlying security and yield few divergences.
It sometimes difficult to detect subtle changes in volume flows. The rate of change in a downtrend could be slowing, but it may be impossible to detect until the Accumulation/Distribution Line turns up. This drawback has been addressed in the form of the Chaikin Oscillator or Chaikin Money Flow, which are next in the education series.
Crystalix Group International and NASCAR.COM to Debut New Products on Sept. 30, 2004
2004-09-30 19:48 ET - News Release
LAS VEGAS -- (Business Wire) -- Sept. 30, 2004
Crystalix Group International Inc. (CGI) (OTCBB: CYXG)
has reached agreement with NASCAR.COM to launch several new exciting
products after the very successful debut of the #3 Richard Childress
Racing and Jeff Gordon(R) #24 car in major retail/consumer markets.
"The featured products presented by CGI and NASCAR.COM are
scheduled to be available for sale beginning Sept. 30, 2004, and will
feature custom products developed for the Jeff Gordon(R) #24 car, as
well as the Kevin Harvick(TM) #29(R) car, Jimmy Johnson(TM) #48 car,
#3 car owned by Richard Childress Racing and Joe Nemechek #01 car,"
stated John J. Lais III, CGI's chief marketing officer. "The new
product launch for these top NASCAR(R) drivers feature very attractive
price points, and we believe the NASCAR.COM fans are looking for great
new products in time for the holiday '04 season," stated Dave
Blakeman, CGI motorsports manager.
"NASCAR.COM is excited to welcome CGI as a new licensee to the
family," stated Joe Mattes, VP of NASCAR.COM. "The CGI patented
process allows NASCAR.COM to enter into a new arena in the
collectibles market, and we believe our fans will love these new
products of their favorite drivers and cars," stated Mattes. All
products are "Officially Licensed" by NASCAR(R).jgrizzo.
Through a very aggressive licensing and marketing campaign,
Crystalix Group International Inc. began exposure of its exquisite,
licensed 3-D facial images of NASCAR drivers and its full 3-D replica
of sponsored racecars for the collectible markets. Our goal is to
maximize our license agreements and deliver excitement of this new
product to the NASCAR.COM fans.
http://new.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=U-b005901-U:CYXG-20040930&symbol=C...
Ed Dhonau? eom
I understand the "iimportance" of a low float Ms. Janice Shell. My point was that a "low float" is relative. For you to imply that a 400k float is needed for CMKX to move is ridiculous. CMKX already outshined the GMXX run with a 1300% gain!!
Message In Reply To:
The "iimportance" has to do with how easy or hard it might be to short shares in the stock in question. Gump understood what I said. You didn't.
Whats so important about a 400k float?
GMXX $3-->$20 = 666%+ gain
CMKX .0001--> .0013 = 1300% gain
rel·a·tive
1.Having pertinence or relevance; connected or related.
2.Considered in comparison with something else: the relative quiet of the suburbs.
3.Dependent on or interconnected with something else; not absolute.
Message In Reply To:
Exactly. GMXX had only about 400K shares in the float. NOT hundreds of billions.
I experienced one that went from $3 to over $20 in a couple of weeks. But it was very tight.
Whats so important about a 400k float?
GMXX $3-->$20 = 666%+ gain
CMKX .0001--> .0013 = 1300% gain
rel·a·tive
1.Having pertinence or relevance; connected or related.
2.Considered in comparison with something else: the relative quiet of the suburbs.
3.Dependent on or interconnected with something else; not absolute.
Message In Reply To:
Exactly. GMXX had only about 400K shares in the float. NOT hundreds of billions.
I experienced one that went from $3 to over $20 in a couple of weeks. But it was very tight.
Posted by: BadBassPlayer
In reply to: gump90 who wrote msg# 99568 Date:9/29/2004 12:30:53 AM
Post #of 99600
Great Post By: schmedrick Read it again and weap Janice!
28 Sep 2004, 11:52 PM EDT
Msg. 88454 of 88465
Jump to msg. #
I Believe a Deal Has Been Negotiated
Why do I say this?, let's look try to use some common sense and a little speculation to approach this. First we had the UCAD dividend scheduled to be paid on 9/24, then we had the CIM and GEMM dividends due to be paid on 10/1. On or about 9/21 (I don't recall the exact date) JEFF disappeared from the Level II lineup and a few days later on 9/24 we received a PR stating the UCAD dividend has been delayed until 10/6. Now we are finding out that the CIM dividend has been delayed until 10/18, and the GEMM dividend has been delayed until 11/15. From the beginning I thought it very was strange as to why there were so many dividends scheduled to be paid on 10/1, all on the same day, if you assume that GEMM will have paid off two dividends by the first 97 million shares, and the other 121 million shares.
Stacking up all those dividends on a single day never made any sense to me. Typically a company will stagger the dividend payments over time, such as one per month or some variation of that, much like what they are doing now. Is it possible that this was just an oversight and they corrected it? I don't think so, because when they issued the original dividend PR's, they knew what the pay dates were when they were issued. So, we made it all the way to 9/24 when the UCAD dividends were to be paid, and only a few days after JEFF disappeared from the lineup, and then they delayed all the dividends and staggered them out over time just like I expected them to do from the very beginning. Now everything seems to be structured in a much more logical manner.
OK, now this is beginning to make a bit more sense, but why all the cloak and dagger maneuvering? It is my belief that they originally structured all the dividends together as some sort of strategic move, to get the MM's to react to it, and more specifically JEFF. Well guess what? just a few days before the boom was about to be lowered, JEFF disappeared from the lineup, and as I had mentioned, all the dividends were restructured in terms of pay dates. Now the first week into trading after the UCAD dividend was to be paid, and with JEFF gone, the volume has picked up significantly. Today's volume was 5.3 billion shares and it is going through in large blocks, and many of them at that. This tells me that whatever the significance of the dividends being stacked up so close together was, it worked, it was effective, they were able to get rid of JEFF the 900lb Gorilla, and that was the first and most important major breakthrough we needed. One could argue that JEFF left on his own but I personally don't buy it, oh and don't forget Regulation SHO kicked in on 9/24, an added bonus.
So what's the bottom line here? I believe the company fully intended on staggering the dividends out over time from the very beginning, but they couldn't because they needed to get rid of JEFF first, he was the major thorn in their side. Then by using a few strong arm tactics they convinced the other MM's who are short, that it would be in their best interest to clean up their act after they got rid of JEFF, and that's what they're doing now as evidenced by the increased volume. You could say the increased volume is due to someone dumping billions of shares into the market, and that would be a legitimate argument, and my response to that would be, how come the price isn't dropping? Now the MM's who are left are faced with a few waves of pain coming at them. First with the UCAD dividend on 10/6, then with the CIM dividend on 10/18, and then with the GEMM dividend(s) on 11/15, and possibly with as yet unannounced, an SGGM dividend to follow that, maybe by the end of November or mid December, continuous waves of pain is what I expected to see here. The MM's who are left are most likely facing some serious internal accountability issues as the waves of dividends are about to hit, and I believe Roger Glenn and the company were not willing to give them much rope to start getting their act together. Call it hardball tactics by Mr. Glenn, and the MM's can thank their old buddy JEFF for the situation they are in now. By staggering out the dividends the way they are now, the MM's who are left won't get crushed but they will experience some pretty significant pain, just enough to really get their attention. One could also argue that negotiating a deal with the MM's is market manipulation, but I don't buy that either in this case, especially as nobody is manipulating the stock price up or down.
We could say that the company really cares about the shareholders and that's why we're getting the dividends in the first place, I for one do believe that the company is showing more sincerity towards the shareholders than just about any other company on the Pink Sheets/OTC, but I don't believe that it's the only reason. I also believe they have staggered out the dividends to keep a reasonable amount of stability in the stock by keeping the retail shareholders in the stock while they complete their task of getting this company share structure cleaned up. It appears to me that we are seeing some masterfully strategic maneuvering happening here, orchestrated for the most part by Roger Glenn, and that's why attorney's such as himself make the big bucks. I fully believe we have turned what could be the most important corner here, and we are on our way, and this is why I believe a deal has been negotiated with the MM's any any other people who were involved in manipulating this stock. The shareholders will be rewarded for their patience when and only when the entire process is complete, when that is, is anybody's guess. But as I've said before, I believe we have turned the corner and there is now a bright light at the end of the tunnel. We all just have to be patient and let this thing play itself out, there's nothing else we can do but sit and wait.
So there you have it, you can either believe my theory or you don't have to, it is my speculation, and that's the story I'm sticking to at least as of today anyway, LOL!
Filing = Momentum... The 2003 IVOC run is an excellent example. .0004x.0007 to .02. Didn't miss that one and I intend not to miss this one ;).
I miss my buddy green$$$ :( eom
80shares x 5$ = 400$? eom
Well I think CMKX is due for a run. I'll wait here impatiently for the the filing (.01+).
"ALL FOR ONE, ONE FOR ALL"
I'm going to quit speculating on pink, close my eyes and wait for the filing. Hard pressing the O double F button while in red ;).
"Glenn said, "The company's accountants are working to complete the audit of the company's financial statements. When that has been accomplished, the company will be well on its way to becoming a reporting company again." " http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2004%5C09%5C24....
You going to Vegas?