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Hi Sub,
After the dip, I decided to just lay back and let it sit for a while:). Sold some obviously but still holding on to free shares and picked some more up a couple a week or so ago. Does anybody know when the ex-date is for the share distribution? I'm kind of excited about it since we'll be able to finally figure out o/s from the number of shares we recieve of UCAD :).
anyways have a good day
dmd
hey sub,
just wanted to take a sec. and say hi and that it's good your still here :)
dmd
Hi
dividend shares are delivered to your broker and held in your brokerage account (and listed as restricted if such is the case). The main point to note is that the ex-dividend date is the important date for all shares held in a street name (Basicly all brokerage accounts). I called my broker and was told that they do not know the ex-date yet. This means any shares sold right now will not qualify you for the dividend.
Hope this helps :)
dmd
me too LOL detroit rocks LOL
dmd
mm are just trying to scare people with a pull back at the same time greenspan is speaking IMO should rebound after analysis of greenspan speech comes out
dmd
hey sub,
jeffries now has a bid and no ask...(now trying to accumulate shares) Very positive sign
dmd
looks like another strong starting lineup for today. Will be interesting to see how much carryover we see from the pr.
dmd
morning cmkxer's
taking the day off to watch the excitement LOL.
It's funny to see all the nerve's getting rattled as the price goes up.
good luck today
dmd
I believe their last PR stated that they were moving the drill. That would imply that they are not but who knows LOL
dmd
Has anybody else found it strange that as soon as the ability to buy shares @ .0001 dried up the company came out with a pr basicly stating that they would be releasing the share structure soon.
I have never really bought into the story that the company had a whole lot of cash that they were using for retiring shares, but thought they probably sold on the way down and used the funds to repurchase those shares at the bottom. Now with all the promotion that they have done and the actual drilling in progress they realize that the price appreciation is maintainable and will now release the a/s. JMO but I'll bet they probably made enough selling on the way down to buy back a large portion of the o/s and hope we will all be pleasantly surprised.
dmd
LOL sub,
was starting to think I was back in Portland.
dmd
hi sub,
wow is this a zoo or what took me three hours to get through all of today's posts. If this keeps up I'll have to hire somebody just to read through all this LOL
have a good night, we've actually had a whole 36 hours without rain here. It's been just crazy
later
dmd
why don't you go there and just ask him, instead of making assumptions. My handle is diamondskr does that mean I'm a miner?
dmd
cmon people...
do you have nothing better to do than rip on a picture
Jimminy Crickets
dmd
wolf
your posting of breakdowns daily is greatly appreciated
thanks again
dmd
Filings and listing fees are expensive. You are correct pink sheets are not required to file, but otcbb stocks are.
editYou can tell when an otcbb stock is late with a filing as they add a character to the end of the symbol.
Startup Companies and companies with no real revenue can benefit by going to the pinks until they start to realize revenue, thus saving filing fees and audit costs. Due to the stigma that pink sheets have once they start bringing in cash they are wiser to move back to a more trusted exchane.
glty
dmd
I don't think so.
IMO I believe they want to keep cim separate. My belief is that any other mineral that cmkx finds on it's claim will be sold to the spinoff company, therefore realizing the greatest amount of profit from each claim.
This way they can pull all the precious metals out and sell what's left to the other company and not lose time proceeding with their future claims.
There are sometimes where a spin-off really works (e.g. Pepsi-taco-bell,Pizza-hut spinoff) and I believe this is one of them. CIM doesn't have to spend any money on exploration and cmkx gets more bang for the claim buck LOL
just my thoughts
dmd
No
it actually implies that some of us are still trying to wade through the posts.
Last September cmkm spun off the zinc mineral rights owned by the company as restricted shares in a private company with the intention of going public sometime this spring.
They then announced the merger with mrdr for this portion of the business (more than likely because of the established existing share structure) to happen, but they were going to focus on the diamonds first.
They are smart to call off this merger. It shows they believe that the company can make it on it's own. They are also smart to leave the zinc claims alone right now. Industry experts have predicted increases in the zinc market over the next couple of years and they are smart to wait. As I have posted in previous posts these claims are proven and were found during drilling for other precious metals.
thanks
dmd
yes it is interesting....
didn't buy into the theory myself and still wondering who the "institutional buyer" is.
would like to see some more though obviously.
have a good nite sub.
dmd
taking a relatively small sample the month of may until now it hasn't until yesterday.
If it was triggered by large orders alone it would have multiple times in that timeframe
dmd
really..... then why has it never showed up before on cmkx when we've had billions upon billions traded
please expand on your thoughts
dmd
they'll fill it @ less, I tried that last summer @.0006 and it filled for less
dmd
maybe....
have to admit I generally focus on big boards and usually don't bother even checking pinks for institutional buyers. I know how blue chips react once the big boys get in though.
have to sit back and follow the play now
dmd
funny
have a good night derf
dmd
Thats amazing....
I didn't believe it til I saw it for myself.
I don't think I've ever seen an institutional buuyer on a sub-penny stock. If you do the math they didn't just put in a sample buy either. They plopped down a piece of change yesterday.
This is probably the most optimistic sign I've seen yet.
edit: Institutional buyers often signal positive events to come. Forget focusing on the rumors, watch this IMO.
dmd
love your quote
dmd
The way I read the ruling is that mm are exempt from the ruling if the trade is a how did they put it market making activity I think it was.
The ruling was to try and crack down on non US firms and non nasdaq members from shorting and putting a chokehold on US companies.
at least that was my read of it
nite all
dmd
trade15,
I would like to know your views on post #12821
dmd
don't forget about the private investor who stuck 5mil into the company
dmd
I have to disagree with you there.
First it was a 1 for 1 spinoff but before the 2 for 1 split and before the a/s of cmkx was increased this spring (So if no additional shares were sold by the company (of cmkx) there would still be only half as many in the float).
As to them not being worth anything the shares represent the zinc deposits which were discovered and are proven.
While zinc prices are still lower than what we like to see, the increased use of zinc by china and a few other nations should drive that price back up. Whatever price they could hedge -mining costs is what they're worth at this point, but there is future value, but that wasn't the point of my post.
detroit's going to LA .... Yes!!!!!!
nite,
dmd
have a good night eagle
gonna go watch the rest of the detroit game
dmd
try to remember what everyone has to say whether I agree with it not.... helps me reach some sort of middle ground in this haze of chaos LOL
dmd
ps the reason we can't sell on the runup's for dividend shares anymore is because so many companies aren't delivering shares they promise JMO. I miss being able to sell off in the runoff also
hey Susie,
I wasn't going crazy this is fungs post which I was remembering. It's post #1152 and it was ealier than april. Either way I was wrong about what derf said but didn't want you to think I was pulling stuff out of thin air.
dmd
OK, you asked for it......
As I've mentioned before, in penny stocks if you are in them long, you are in them wrong! The perfect scenario is to be out of it before your buy confirmation hits your mailbox.
However, I think there's much more here.....I really, really think it's important to fully read the P.R.'s. More for what they're not saying than what they are. I believe TSX knows what he's talking about. He seems to understand the lingo and seems to know the area. Someone mentioned that Urban can't sell any stock or share in any profits or something to that effect(I'd have to track down my notes to explain further, and been a bit busy this morning), however he can sell dividends? With all these symbol changes of the company and name changes I've seen, I'm not quite sure how the new stocks are being labeled? Are they stock dividends? I think it's important to find this out. The other P.R.'s are always mentioning traces of minerals, or seeing minerals, but I'm not sure they're really saying there ARE further minerals. If I drop a diamond into a hole and then see it there, is it correct that I'm viewing diamonds in the hole?
In essence, I have a very pessimistic view of this whole play. I'm not saying it won't go up, and don't misinterpret this post to be a recommendation to sell! However, I definitely think this is a quick in and out play, just like I should have done with PCBM. I smell a play that will have endless question marks. I will be happy to buy this stock at .0001 and sell at .0003(possibly .0002), if I can do it consistently enough to be worth my time.
BTW, I'm not bothering to mention this on the RB board because I have no interest in listening to all the flack. I'm not giving advise, I'm merely making suggestions and telling you how I'm playing it. If you all choose to hold "long and strong", the better for me to trade it. JMO, of course.
that's funny.... kind of like finding a 20$ in an old pair of pants?
these shares were delivered sept 30th of last year.
compared to other pink sheet and otcbb companies I was rather impressed the both the delivery of the split and spinoff. I've seen investors who are still waiting (after 2 years) for share dividends that were promised them by other companies.
dmd
they would be the shares which have no trading symbol yet.
the spinoff for the zinc mining claims don't remember the location of them sorry
dmd
hey tsx.... I also own shares of the spinoff company and posted this earlier this evening hoping for some discussion but noone will bite on it.
so look at and throw me a bone LOL. obviously it's theory but I'd like a critical view of it (so tear it to shreds and see where we end up) TIA
One thing that I haven't seen mentioned on this board yet and wanted some feedback on:
If this company was a scam or didn't believe that they could attain positive drilling results and were just selling as many shares as what they could print, They would IMO want to do the same with the spinoff company simultaneously.
This stock has gained such exposure that if it were to turn out to be a scam Noone would buy shares of the spinoff company after being burned on this one.
If it were a shell type company or a "scam" wouldn't it be more beneficial to the people in charge to up the a/s of the spinoff company and sell a ton of them as well (If I was in that position that would be my thinking).
Now on the otherhand, If you feel the company (cmkx) has a relatively good chance of maintaining a much higher s/p wouldn't you want to hold off on taking the spinoff company public. I don't know about you but if a company spins off a section of it's business and the main company is trading @.0001 do you think I'm going to pay more for a section of it? No and I'm sure many people would look at the parent company before determing a price for the spin off.
Now if the price was .1 for the diamond mining company, investors could get past the .0001 stigma and price the zinc company by it's true valuation.
just my thoughts and would be open to anybody else's thoughts
dmd
i agree....
sub has shown excellent restraint and firmness....too bad she isn't teaching morals to our politicians LOL.
maybe we should nominate her to the supreme court
Vote for Sub (do they still wear powdered wigs?)
have a good night all
dmd
that's some nice hair LOL
dmd
thank you for correcting me....
remembered him posting it but somehow thought he said .0002
just too many posts on this board LOL
but anyways thanks
dmd
hey fung,
you said back in april that you don't go long on pinks and would be flipping it the first chance you got @.0002. If your going to try and nail willy down for a sell price shouldn't you hold to yours?
just a thought
dmd