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Zen,
Great assessment which I agree with totally, Urban will step down and get out of the way if he has the shareholders interests at heart.
Willhub
Thanks Bo for this very informative analysis of these proceeding, this needs to be posted on other boards..
thanks again
Wilhub
You are exactly right my friend.
You know Billy, those on the boards that think Urban is and idiot only show there stupidity..
I know for a fact that Urban is on the A list in Vegas, what that means is that he is in the circle of the likes of Wynn, Cargorian, Maheu.. and the major players out there.
That is the reason I get so up set when Zen and others belittle this guy.. and yes they have the money to control the entire OS..
We shall see.. ponder this, if we have 50,000 shareholders.. and only 2000 have about 350b max.. then what is the NS position? 1, 2 3 trillion? mind boggling.. or whatever.. lol
This is true, and we shall see.. soon.. :)
Why not? do you think he has any shares, 800b AS.. 703b OS where are his shares.. ??? insiders must hold at least 50% imo..
That's all they have in my opinion.. I have been trying to pull 45m certs from etrade for weeks without any luck.. got some certs but the rest are NSS..
Great post, you get it.,
That is exactly what it is .. the 703b are in cert form.. also include restricted insider shares at least 50% so the public 2003 shareholders have about 350 in certs.. the street name shares are NSS.. phoney shares.. what do you think he was referring shareholders and others to the SEC website for.. to read the regulations concerning NSS the company was taking a shot at the SEC... for allowing this to occur..
Willhub
These are in certs.. insiders hold at least half.. come on..
703 billion yes, but only 2000 shareholders, (cert holders) how many are held in street name.. all NSS.. care to venture a guess Bo?
Joy, I have the same amount of gemm markers in my etrade account as I have had for months.. I think they are still trying to cover the short they created on gemm’s initial run back in October.
IMO they were taking advantage of the large CMKX shareholder base who jumped in and bought GEMM shares only because they were associated with CMKX. They sold a very large volume of gemm shares in double digits and since then have been covering.
I never believed that the dividend was the reason for the run-up because the shares were restricted and there was not an immediate need to cover at that time. The MM’s were smart and used the excitement created by the gemm dividend to their advantage and no doubt reaped large rewards.
Willhub
"Solving problems has been my occupation for many years," said Maheu. He continued, "Tough assignments are not solved by wishful thinking, but rather by tough action." A new team of securities attorneys has been instructed that their prime assignment is to correct any deficiencies of the past and to cooperate fully with regulatory bodies both in Canada and the United States to minimize the possibility of such deficiencies in the future.
Did CMKX know they were under investigation? According to the above statement by Mr. Maheu they certainly did know. To me it was clear when John Smith wrote his piece in the Journal Review. So this suspension wasn’t a surprise.
http://www.investorshub.com/boards/read_msg.asp?message_id=5436407
Willhub
Yes, they drove the price down when the CMKX OS news was pending. I suspect many gemm shareholders were trying to sell to increase positions in cmkx.. Now with the suspension (bad news) they take the price up to cover gemm NS..
Willhub
Newmont Mining moves up on news they have bought into Shore. Looks as if big board investors are interested in FLC region.. Now when CMKX gets it’s deficiencies taken care of we can see what we have in store.
Willhub
Newmont Mining Co in Shore Gold PR today.. so we know they are playing diamonds in Canada .. don't we? :)
http://www.investorshub.com/boards/read_msg.asp?message_id=5375007
AZTM blank today.. any news they have been suspended also?
Willhub
How do you tell when you're out of invisible ink?
Well, the ink is visible as you write for a few moments then becomes invisible.. so that really isn't a problem..
Willhub
I agree, but it does show the moves they will make to kill cmkx... just gives me more confidence to dig in..
Willhub
The halt is no coincidence, pending news just like it was before the party.. Pending news concerning the OS.. SEC steps in to rain on the parade.
Willhub
Correcting Post. 32888
NMCX: According to the (PR) contact with buyer, buyer has (10 years to pay $50M per year)120 months to process ore which is about 1.15 (correction 115) ton per month.. (correction a carload load) not a couple of pickup loads.
I could set up a processing plant in my backyard for that.. (I don't believe I will be setting up this type of operation in my backyard anytime soon)profit $100M per month. BTW I do own this stock, but am wondering why.
Willhub
NMCX: According to the (PR) contact with buyer, buyer has (10 years to pay $50M per year)120 months to process ore which is about 1.15 ton per month.. a couple of pick-up truck loads.
I could set up a processing plant in my backyard for that.. profit $100M per month. BTW I do own this stock, but am wondering why. :)
Willhub
Well, if these assay reports are accurate, then whatever company bought the concentrate hit big-time.
Worth.....$1,600,000.000
Paid....... $500,000,000
That leaves $1,100,000,000 left to process just 137,939 tons of ore. No matter what method they use to extract the metals, they are looking at mega profits. Makes me wonder why Nevada Mining Co wouldn’t process this relatively small amount of ore concentrate themselves.
Willhub
Just reporting what I see on the website.. all I can say is WOW! The original mining company missed the mother load.
Willhub
NMCX, here it is gump90 right from their website.
Troy oz Per Ton ---- Value 3/21/97
Gold 1.24 ----- $388.12
Silver 1.59 ---- $6.90
Platinum 5.26 ---- $3103.40
Rhodium 1.63 ---- $126.80
Osmium 10.41 ---- $1124.70
Palladium 0.40 ---- $484.50
Iridium 8.15 ---- $2200.50
Per Ton ---- $11,634.92
137,939 total worth = $1.6 billion.
NMCX: Any idea of what they might have to claim that valuation?
Works out to $3624.00 per ton for 137,939 ton. Maybe a couple of carloads of material. And the company who purchased has to process so I would think that it has to be worth at least 50% added to the price they paid.
In any event a half billion dollars for a couple of carloads is way out there. It will be interesting to see just what minerals are included in this concentrate.
Thanks
Willhub
Thanks Mach, I now believe it!
Willhub
Does this guy have inside information?
Thanks
Willhub
I find it fascinating that all of the whining posters concerning the lack of maturity or lack information from CMKX always qualify their posts with statements supporting the company; they are long and strong, they don’t believe it is a fraud etc, etc, and if they are currently out of the stock they are watching it so if or when it moves they will jump in.
Then of course they make reference to those of us who are decisive, very comfortable and fearless in our investment in CMKX as being kool aid drinkers or blind followers of the company line. LOL
The indecisiveness of the whining posters is evidence of the inability of these people to make a firm decision and stick with it! You might want to reevaluate your position if you have a problem with the direction the company has taken. You have the ability to sell and move on if you discern that direction isn’t what you believe it should be.
The continuing crying and whining is also an indication of immaturity and impatience which aren’t the best traits for those who invest in an (exploration) mining company.
It’s going to be okay, we will be there soon!
Willhub
Zen quote;
“Well I've noticed that whenever I splash a dose of reality on things despite my very optimistic, long position on cmkx, that the 5-year olds rear their heads back with venom because they can't seem to comprehend that I'm a real investor that still expects Urban to behave like a real CEO”.
What dose of reality have you splashed in your recent posts? That Mr. Casavant is a buffoon, or he is just a promoter and doesn't know or understand the proper way of running HIS company?
Perhaps you could offer your services to CMKX and sit down and explain to them the error of their ways. I am quite sure that they would be very excited to have one such as you to correct any deficiencies the company faces at the present time and into the feature.
But before you do that allow me to suggest that you educate yourself in the ways of the stock market.
You really do need to understand how the market works Zen, read the blog below written by Mark Cuban (another CEO that doesn't act like a "real" CEO) and perhaps you and others might catch a glimpse of the promotional aspect of the market.
http://www.blogmaverick.com/entry/2252572946170125/
Willhub
So why don’t you point out the faults in my post instead of writing a one-line comment?
Zen loves to rip Urban Casavant and resorts to name calling. So I just post what I think of “Zen logic” or lack thereof. As far as no one knowing me, I really don’t care and am not here to make friends or gather a following.
Willhub
Name caller, well that is impressive.. Are you one of the freaks that believe Rodger Glenn will be president of cmkx, or a board member.. LOL.. sure thing.. The guy was FIRED, GET IT?
Willhub
Do you have to have it spelled out. Rodger Glenn was fired because he didn't complete his task.. Do you really believe that Robert Maheu would make the wishful thinking comment if he wasn't addressing it to a specific individual.. And in the last PR point out that the new team only worked from February 9, and they got the job done..
Forget Rodger Glenn, just another mouth piece.. Attorneys are fine but they ARE NOT the movers behind successful enterprises.
Willhub
Yeah, and before it was because Rodger Glenn was on board and at the helm. But the common denominator continues to be Urban Casavant.
Zen quote;
“While thousands of shareholders continue to wonder what the hell is going on with the company”
You pretend to speak for these “thousands” of shareholders, but in reality you are can only speak for yourself. Judging by your posts it is easy to see that your life is hell, you are void of common sense double minded and cannot seem to focus on an reasonable objective conclusion.
Zen, do you know that you are invested in URBAN CASAVANT?
Do you understand that Mr. Casavant is the reason CMKX exists today?
Do you understand that the shareholder base of up to 50,000 is directly related to the promotional ideas brought to fruition through the efforts of Urban Casavant?
Do you have a clue that this same shareholder base has been a force that has up to now (with buying pressure) foiled the efforts of the enemies of the company to cellar box it out of existence?
Do you understand that Urban Casavant (prior to you buying a share of CMKX ) is independently wealthy and that he lives a life style you only dream about today?
Another Zen quote, an a laugher at that;
“My faith was always in Roger and not UC. That baton has now passed on to Maheu and Stoecklein. I hope they get the job done because UC's hyper promotional propensity just repulses me.”
Do you understand how completely stupid the above quote sounds a reasonable thinking person?
Let me break it down, Rodger Glenn was brought on board by whom? Urban Casavant. Now Urban has decided that Zen’s hero wasn’t doing the job, and brings on Robert Maheu. But now Zen has a new hero, (but wait this new hero was brought on board by Urban Casavant) and poor Zen doesn’t see the transparent failure to his twisted logic.
Hey Zen, you’re Stupid, very stupid if you support those who the leader brings on board, but don’t support the leader. Get it, you support the leaders (Urbans) decision, but don’t support the leader.
Looking forward to reading more of your comical posts.
Willhub
Mach, the last few days the size on the ask side for cmkx now over 900 million shares for sale. I don't believe I have seen these high numbers before. What do you think?
Thanks
Willhub
RWRD pretty good news yesterday and the price dropped got out today... if it doesn't move on news then.....What???
Willhub
I'm not whinning by any means, I understand that MM's are part of the game. Lousy traders or lousy naked short sellers? who knows..
Thanks
WIllhub
No movement for the last 90 mins.. just 4,387 vol.. might be just slow today..
Yes I understand they are small compared to those other MM’s you mentioned. But what I am trying to determine is how a Market Marker loses money.
The overhead of maintaining an office is minor if you compare it to other types of business.
As Bo pointed out, they can play the market from a vantage point not enjoyed by other traders/investors. They buy at a discount (the bid) and sell at a premium (the ask). They have a distinct view of the market using level 3 tools and are able to see runs or stalls in the market judging accordingly to the order volume or lack thereof.
The above mentioned advantages make it almost impossible to lose no matter what size of the operation might be unless something else comes into play that we don’t see in these reports.
Now if you were able to buy at the bid and sell at the ask, what would your P&L look like compared to what it is now? With just this advantage I know mine would look completely different.
Thanks
Willhub