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I have been a watcher of this stock for quite a while and just finally sold it for a 15% loss. There is obviously something wrong in the way it is trading that is stronger than any possible fundamentals. I hope to re buy it when the stock trades in a more constructive way. Holding it as it slowly bleeds away is something I used to do.
Lipo
SKF anyone watching or charting?
Have been lurker here for a long time. Would appreciate a chart for SKF
Thanks
Alan
OOPs; THANKS for....
BW:
Tanks you for your reply. Your dept of information is incredible.
Thanks for all you do and the other members of this wonderful board.
Alan
Anyone following EPM or have an opinion about its prospects?
Thanks
Alan
Thank you both
I have been looking for an OTC symbol for CHE and have not found one. If anyone knows of one, I would appreciate it.
Thanks
Alan
PEG.V. Is anyone following this? On BNN there was an analyst from Canaccord talking it up.
TIA
Alan
Blue Note President just on BNN and super bullish on outlook, saying "you won't recognize this company next year".
I have been reading this site for a long time and wish to thank all the contributors. I have learned a great deal and have prospered with stocks I have seen on this site after doing DD on my own.
Happy Holidays and Happy New Year to all of you.
Alan
they just got 1 billion from Warburg
I wish you would stay too. You have an enormous amoount of knowledge and why limit discussion? We would all benefit if we keep looking for other areas that naturally flow from and are related to these stocks.
BTW, I love reading this board.
Alan
Thanks you
Alan
Is there an OTC symbol for BMC.V? Thanks.
Alan
I added to MGA, PNP and UMN at the gap down.
Alan
DrD,Frizzell,Paltalk.
I listened to the Frizzell interview last night in DrD's Paltalk room, and of course, after it was over, was not allowed to voice the slightest criticism of Urban's behavior. I sent this email to DrD but have not received a reply:
Hello Frank:
I want to explain to you why I feel so passionately about the corner we are in with regard to CMKX.
From my considerable experience with junior stage, high leverage, high risk mining companies, I believe more than ever from the results of Shore, Kensington, and the fact that the Ekati geologist is now working for FGT.V, that all along we have been likely sitting on one of the most valuable pieces of land in the world, bar none.
In more than 18 months, there have been no core samples, no geologist reports and no filings about any of the crucial things all stakeholders are ethically entitled to so they understand what their risk is. Yet for all that time, between Melvin, Urban and Ron, right up to the present at races the last few weeks, there has been no letup in encouragement, winks, or "just give us more time", and "be patient".
These pumps or whatever you might wish to call them are the direct reason so many people who are completely inexperienced holders, who are in over their heads, or have charged their shares on home equity lines or credit cards are worried sick about where we are right now. Oreo cookies, Mt. St. Helens, "Urban wants all of us to become millionaires", are just a tiny minority of too many of these type statements that have been made. Ordinarily, I believe people who are adult need to accept responsibility for their own actions, but I do not feel that way in this case.
Tens of thousand of the least financially secure and most naive about the stock market among us are worried and rightly so. None of this needed to have ever happened. Everyone is in jeopardy because of completely unprofessional, inappropriate encouragement which was not followed through by mature or responsible business management.
Everyone says Urban is a nice man that he has our best interests at heart. And though I have never spoken to him except briefly at a race, people who do have access to him feel that strongly. But this kind of glib charm which is not followed through by a responsible stewardship of his flock of uniquely inexperienced holders, says volumes more than his glib charm in person or on the phone. The fact is we are ALL in jeopardy and all along the way, he has made a number of decisions to recklessly disregard the welfare of tens of thousands of us. What is more important in the end- the needless loss or placing in jeopardy of our investment, or reassurances not backed up by responsible behavior?
I have 146m free shares and stand to lose no money, and have had a terrific career and certainly have financial means. What makes me so angry is the needless worry so many are suffering whether there is some sort of Hail Mary to save the company. This is neither explainable nor forgivable.
With respect.
Alan Gaynor
I really like your post. It is on target. I have not thought so much as CMKX being an overt fraud because some reputable people have been involved like Glenn.
But I do think that we are on the verge of bungling away from gross incompetence and inattention some of the most valuable land in the world by the two buffoons who run CMKX.
If this goes south, it is nice to know at least those 2 homes will bring in $5 million in a suit. And the land should help make stockholders whole.
Alan
ZEN: Thoughts of an Experienced Mine Investor:
I have held 146 million CMKX shares for more than a year and have always been a strong believer in CMKX. I have no plans to sell any shares now.
But my frustration and concerns are growing very rapidly. In the last 5 years I have invested full time in very early stage junior hi leverage. very speculative mining companies in gold/silver/copper/uranium/oil/moly and other commodities. I have owned 2 other diamond companies before CMKX (SWY.V and ABER). In fact, I have owned more than 300 of these companies.
I can tell you that the behavior of CMKX is unlike any other company I have ever owned and not in a good way. The lack of any real news is completely at variance to how reputable mining companies operate and the lack of news on core samples or even whether there is drilling going on at all is not right. When you buy an early stage junior explorer, you know there is risk and many will not survive for the few that go up 50-100X. But I have never had any go out of business for lack of information. It is not right.
Now we find out UC and Rendal have bought homes worth more than $5 million while tens of thousands of stockholders have gotten crushed. Since the companies produce no revenue, where did the money come from? Frankly it is disgusting.
The facts are that the SEC/DTC/MM’s and offshore hedges are trying to destroy the company to avoid covering their short. On the other side there has not been a single fact of real information released form CMKX on any matter except for the O/S, which was forced from them.
I am profoundly grateful that Dan and GB are hiring a lawyer and I will gladly pay whatever it takes to try to belatedly protect my investment. There are many here who have always said that UC has our best interests at heart as if he were somehow a benevolent father to all of us. There have been many rumors about tenders, buyouts. The facts are that none of these have come true and there is not a single fact that has come to light to support any good intentions form UC or anyone else. That goodwill from UC has come from offhand statements at races or has been put forward in the mind of hopeful shareholders including me.
In fact it is the shareholders who have put in 100% of the goodwill, integrity and honesty to this company and I am sick of it. This I know. Having a lawyer who solely is loyal to us and represents us will make it much harder for the SEC or CMKX to cheat us.
Alan
Include me in!!
I have greatly benefitted and apreciate all you have done. please include me in your new board, and if you are starting an email list: ag@alangaynor.com
Alan
Tone of CMKX PR:
Most companies halted by the SEC would say little if anything, and would likely be submissive. The more I read this PR, the more I see that the company directly expressed anger about being sandbagged by the SEC. Big Bob Maheu takes guff from no one.
This assertive, in your face tone responding to the SEC is not the tone of a pump and dump company that has no intrinsic worth.
Alan
At the risk of interjecting myself in a lose/lose situation where people here can accuse zen of bashing when he raises concerns any thoughtful or experienced shareholder of any company should have, I do have some thoughts on this.
I have invested/traded full time the last 6+ years only in hi leverage, earliest stage mining exploration companies in precious metals, commodities, and even diamonds (ABER, SWY.V). In this time I have owned more than 300 such companies. But none have ever had a price of .0001 before, which is where I did most of my buying of CMKX. Many, though, have been at .25 Can or far less.
I can tell you with an absolute certainty that the way CMKX has been acting is not typical in any way of this industry. The complete lack of news of any substance, which all of us including me try to invent plausible reasons for, is completely out of my experience in the cut throat industry of first stage miners, where keeping secrets is very important. For example, I cannot imagine any reasonable explanation why we have not even been given a report about how much drilling they might have been doing the last 8 months. What can that have to do with the SEC or Roger Glenn or anything? And for those who think that the reason for the lack of news is because it is a pink, I ask you to look at a wonderful miner I own- AFLUY.
What I am leading to is that with Glenn’s participation, for which his career and entire firm would be at risk if there was anything shady going on, I do not think the problem is remotely that the company is a fraud. But looking at how shore gold has methodically gone about building a company, telling its shareholders and the world what it is doing, acting maturely in its business practices, that the immaturity of CMKX and its behavior makes it seem that it is a fraud, or worse, grossly incompetent. That Topo is still somehow connected to the company, when in a reasonable regulatory environment he would go to jail (yes- jail), proves that management shows little sign of maturity or even that the mining company has anything like the allure of racing cars and visa cards. Can you imagine a gleeful shareholder having gone on management trips with Jack Welch when he was CEO of GE?
I think this might work out in spite of management, and I will never sell my 146 million shares, but for anyone here who thinks what zen is saying is not the exactly the right way to think about any investment, I hope you take the money we hopefully make form this and never buy a stock again.
Remember, the markets are completely gamed, and only exist to take money away form the small retail investors. And the people who are not alert will always be shorn first.
Alan
CMKX; this new firm appears to be a one man band.
Alan
http://www.martindale.com/xp/Martindale/Lawyer_Locator/Search_Lawyer_Locator/listing.xml?STYPE=N&...
Assuming Roger is gone, I would not assume he finished his job. I read the Friday PR about wishful thinking as a direct slap at Roger (and/or management if that is what you can call Urban) and the lack of progress in filing and resolving the share structure. I cannot imagine that remark was directed at stockholders.
So far, I am not disturbed at Roger's departure but can only wonder about the millions that might have been wasted.
Alan
BOD - A Thought
At some point, there really needs to be a serious geologist/mining person on the BOD or operating the company. I bought CMKX for its very likely prospect of having the goods in the ground, but as the months go by, I have heard little, if anything about drilling in FALC. These BOD PR’s confuse me some because maybe we will forget the minerals completely, and become a pure car racing company, or a music company, or maybe do black work for the CIA or FBI.
Though I am kidding mostly, I do have a great candidate for CEO or head of operations that already is in our sphere, and I am talking about Barry Rayment, mentioned as a consultant in a SGGM PR months ago. Mr. Rayment, as former CEO of BGO gold company, developed one of the richest gold discoveries in many years in a place hard to do business- Russia. While CEO he built BGO into a company with an enterprise value of $1 billion and is still on the BOD of BGO. Prior to his work at BGO, Mr. Rayment had a particular expertise in developing mines in Ecuador, another place hard to do business in,which I hope is not a coincidence. A man of his caliber would have access to people and all the money we would ever need to develop our land, not to mention he would bring true credibility to CMKX if anyone in current management cares.
If anyone has Urban’s home number, please remind him that Mr. Rayment is already in our sphere and I hope he is available starting immediately.
Hopefully the next BOD appointment won’t be Barry Bonds, or as Zen has so aptly suggested, Sponge Bob.
Alan
New BOD Member- CMKX
What am I missing here?
What will they think of next? The new board member just announced by CMKX is the handler among other things who brought the rapper snoppy dog along. What the heck does that have to do with mining (LOL)?
I have some other ideas for the BOD- Elvis, Miss America, Kofi Anan, Geraldo, Wayne Newton and Liberace.
Alan
Absolute silence from Roger Glenn. No ah hahs, uh ohs nothing.
But his tone of voice when he wished me to have a nice day at the end of the call was very polite, and I feel he did really listen without exasperation.
Alan
I Spoke With Roger Glenn
I called Roger Glenn’s NY number about an hour ago, and much to my amazement, he answered the phone. I want to reprise the conversation to the best of my memory, and hopefully it will be as accurate as I can make it.
First, when I asked him questions, he never answered any, but I know he listened intently, did not hurry me at all, and politely wished me a nice day when I rang off.
I told him I was an very experienced investor in early stage, high risk, high leverage mining companies in everything from gold to commodities to coal to other diamond companies, and have owned several hundred of them.
Then I said the lack of any information such as whether we are drilling at all, lack of share structure, etc., was not typical at all of the mining industry even for the most speculative companies. I also told him that I expected that most of the spec companies I invested in would not make it, but my decisions were made on whether to take the loss or hang in, depended on timely information, such as core reports, management changes or even political instability where I was investing.
I also told him than even for a pink sheet company, everyone connected to it had a financial, fiduciary, and even ethical responsibility to give out information germane to the investment in a timely fashion, and in regard to CMKX, we were long past timely. Then I told him I was surprised that he went to Ecuador, which meant to me he was not functioning as a lawyer at the end of the phone, but as someone involved centrally to business decisions.
I told him I thought there might be over 50,000 CMKX investors and few would understand or not act on anything going wrong with their CMKX investment where the giving out of timely information would have been important, and that would apply to him and his law firm. I am certain I never meant this as a threat, so much as a reminder.
Finally I asked him why a man of his reputation and the fine reputation of his firm would even get involved with a stock like CMKX? I then said something like that the only assurance I felt in still holding CMKX was because I was sure he understood his responsibility and that of his law firm.
I want to repeat again he never said a word during all of this, but I know he did listen to me. What do I take away from all of this? As usual I don’t know what is going on, but I am absolutely certain he understands what could occur if something went wrong.
Alan (lipopog)
I am trying to get 20M more CMKX at .0001 (doubt it).This would be my first purchase in more than 6 months based on the Maheu PR.
Alan
USCA
What I don't understand is that if USCA was not required by the SEC to say anything about the SEC investigation, why say anything at all??
does anyone understand this?
Thanks.
Alan
I just spoke to the receptionist at USCA in LV who confirmed Chris left "a few days ago". There was no explanation for her departure.
The receptionist did say she expected Rendal in the office shortly after 1 PM LV time today.
Alan
Great Post Zen.
Thanks and happy holidays.
Alan
USCA 10Q out!!!!
Assets went from 6,430 to 73,834,515.
Alan
ZEN/Others- A Question
Zen/Others:
I have felt that there might be significant movement in the price of GEMM as the first dividend day came as shorts needed to gather up GEMM shares to cover the NSS on CMKX. I also felt this could happen a second time when the second dividend was due.
Does the halt of USCA change any of these possible dynamics? Regardless of the halt of USCA, if there is a NSS position on CMKX that has not been covered, don't they still need GEMM shares?
Thanks and I am just trying to understand this.
Alan
Each holder of 1 million CMKX gets 25,600 CIM.
Alan
CMKX:
I seldom post but in the PR this morning it really struck me that Roger Glenn went down to Ecudaor and that fact was mentioned in the PR. In more than 5 years of full time investing in early stage speculative junior mining companies, I have never heard of this.
Though I have no idea of the "why' of his going, clearly Roger is not just a guy at the end of the phone for Urban as he gets us fully reporting. This is his second road trip for CMKX and so he must be centrally involved in general business decisions.
Now a man of Roger's repuatation and success must have several dozen different important clients at any given time. Yet he is spending enormous time on our company, maybe the majority of his time.
This must validate the notion that something very powerful, real and important is going on for CMKX that would merit so much of his time.
It is incredibly reassuring and exciting to me.
Alan
I was just listening live to DrD's Paltalk room where Ed from the Grrenbaron was speaking.
Both Urban and Ed Rendell from UCAD independently called Ed from Green Baron to do an interview this evening to be released Monday.
It is hard to imagine they would both call to set up an interview if there was nothing new to say. But with CMKX nothing is surprising.
Alan
Hi Zen:
I would like to invite you again to come over to Varok's or sterling's board, where there are reasonable moderators. Every one of your posts is repeated there.
I have greatly benefitted from your thoughts on all CMKX's moves, in terms of what you think their strategy and direction are.
This is invaluable and hope you will consider moving. Some here could wear anyone down, and of course, that is their exact purpose.
Thanks.
Alan