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It sure is nice of Zak to supposedly blow the whistle after the supposed fact.
If true I hope they put all of them in jail for a long time.
How does these type of actions remain unknown to investors if true? It would only take me one day in Vegas to find this type of behavior out if it is or was in fact happening.
I asked about the connection Jeff might have with the other MM's. Do you know if they used to work together at Nite? I didn't make any mention of the short problem that CMKX has. When the company states in a PR that there is no longer any short position. Then I will believe there is no longer a short problem and will lay it to rest. I don't except the rumors that it has been cleared up already until stated in a PR.
Janice is this true about these Market Makers in relation to Jeff?
the following is by zeninvestor: JUST IN CASE YOU FORGOT I posted an article months ago. CRWN is run by the brother of the guy that runs JEFF. Both were former traders at NITE before leaving to start their own market making companies. No surprise that CRWN is handling the action now. We'll see what happens. I just don't think there will be enough buying ever to stop them from shorting until it is real, actual, solid news on share structure and what the heck is going on. And even if they let it "pop" to .0004 or .0005 I expect tons of selling by weak longs at that point looking to just recoup their investment and get out. We'll see. Shorts will run this like the pros they are IMO. Z -
Who has been buying hundreds of millions of shares after the market closes the past couple of days? Over 750 million shares traded after the market closed today as of 4:30 PM.
Getting it ready to be fully active maybe?: )
That's true.
Janice, If UC was trying to pump this "promotion" as you call it, in order to dump shares. He could do a lot better job. Being silent does not sell as many shares as compared to putting out PR's about drilling or future hopes for the company. I have only seen minimal PR's not PR's that pump anything.
175 MILLION shares of CMKX traded after the market closed. Is that correct?
Jeffs gone for good maybe?
MM's building on the .0004
UCAD dividend to be issued in two days.
Two and one half million more in additional income for the company.
Not a bad day in CMKX land.
I think CMKX will see the PPS nudge up this week. I also believe that SGGM will make a move up tomorrow also.
I have the feeling I should buy some SGGM tomorrow AM but I'm not.
I did put an additional order in for PRRM tomorrow though. I think it is going to blow into the pennies fast.
I'm not scared of buying any stock I feel good about. Fundamentals are not always the best indicators especially here lately. The market seems to be operating more on emotion here of late.
CMKX may turn out to be a scam, but I'm not scared.
Good Night All!
Possible scenario
Dividends kick in, Reverse merger announced to happen within weeks of when it is PR'd starting the short squeeze. UC sells his newly issued 300 billion O/S into the squeeze and the company has enough money to operate on for years. The share price goes up dramatically and shareholders sell off pieces and are happy with large profits. If there are any mineral finds they may or may not be annouced til the squeeze is over. Then an R/S is announced.: )
Where are the billions traded today coming from?
PRRM -- Prime Rate Investors, Inc.
Com (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Prime Rate Investors, Inc. Outstanding Stock Statement
CORAL GABLES, Fla., Sep 15, 2004 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (Pink Sheets:PRRM) announces the number of shares outstanding as of September 13, 2004.
Free trading shares not restricted 5,218,991,476; Restricted shares owned by management and shares issued in forward split: 9,400,226,802; Authorized shares 20,000,000,000.
Recently the company has: funded the Royal Arkansas Hotel and Suites; retained Windsor Capital, located in New York City, to find a merger candidate in the Northeast U.S.; funded a $200,000 Mortgage in Stowe, Vt.; the company is in discussions to acquire a mortgage company in the Stowe-Burlington, Vt area. The company is taking applications in Florida for companies that have had hurricane related disasters and need quick mortgage funding.
Prime Rate typically lends thru its subsidiary Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically term is 1 to 2 years. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The specialty of the company is "hassle free hard equity loans".
The mission of the company is to build a diverse portfolio of debt and equity instruments that will provide the shareholders with both current income and capital appreciation. The company has a web site http://www.prrm.us.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE: Prime Rate Investors, Inc.
CONTACT: Prime Rate Investors, Inc., Coral Gables
Richard Astrom, 786/236-6434 or Fax 305/666-3994
http://www.prrm.us
E-mail: nres74@hotmail.com
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Copyright (C) 2004 Business Wire. All rights reserved.
-0-
KEYWORD: FLORIDA
INDUSTRY KEYWORD: BANKING
How much money does it cost to change the name and cusip and reissue shares under the new name? I would not think that it would be cheap to do.
Also I do not believe CMKX is going through all this trouble along with these other companies just for smoke and mirrors to fool the investors and take our money. More like a horse and pony act directed by Roger Glenn for the sake of the MM's that are short. I'm staying til the end of the show.
If the short is 1 Trillion and the O/S is 850 billion and let's say the float is 400 billion. I would still think that the O/S would have to be increased even more to allow the shorts to cover without damage to the company. By damage I mean having to go to court to get the shorts to cover such a large amount of shorted shares. That could take years unless the SEC is working with CMKX for the purpose of squelching the short.
If CMKX announced a significant mineral find and at the same time made a reverse merger within weeks of the annoucement. That IMO would create a short squeeze that couldn't be covered if there were not enough shares available from the company. That is if this company has a trillion shorted shares.
PRRM is now trading billions a day with only a few billion shares in the float. Where are these shares coming from to be sold out to the market at the price of .0001?
Janice, the company PR'd about being shorted last year. They took a lot of time and expense to change the name and cusip number of the company in order to combat the problem.
I guess Dan Rather will just go ahead and officially join the Kerry Campaign if he leaves CBS. LOL
I don't want him as CMKX's new IR man either.LOL
I agree Bass Player.
Trade15
Late reply. I live in the US.
I understood the post and have considered the implications. I have sold off some of my CMKX shares and feel very comfortable with what I have left if the stock sits there for a while.
The only thing I don't like is the "issues" that are still attached to my shares bought at .0002 and .0001. I still as of today have to go thru the broker to sell them. It will take me a while to call in and go thru all the security safegaurds if I needed to sell in a hurry plus I am usually put on hold til the next rep is available.
They will not give me a straight answer as to why this is. I did not call today due to being busy with other things may try again Friday.
I'm going to need a big bag to carry all that money I will be taking away from the casinos.
Must have been CBS then and I bet they have the copied documents to prove it. LOL If not they will run out to Kinko's and get them.
Janice , I think it was a simple mistake with the decimal point placement. It should have been between the 1 and the 6.
$1.68 a share.
If Rick Walker's companies share price rises considerably due to good news. I don't think he will mind the inconvenience it may cause.
These post such as the E.F.HUTTON are the type of post I believe could be put out by bashers or CBS News.
6 weeks we will be partying in Vegas.
Watch the CMKX website. It will most likely go active at the same time the big PR's are released.
If this stock is a scam then it will be over in just weeks. It's not a scam.IMO and I do believe it is shorted out the tail end.
Roger Glenn is the not so secrete weapon that's putting all this together and will be a hero to many if he squashes the shorts.
I think we all know it's BS. Citigroup now is a different matter completely. LOL
Maybe E.F.HUTTON has $7 billion set a side for the Canadian Mining play, but I don't think they have it all waiting for CMKX. I just hope they have CMKX on their radar period.
I think a R/M is most likely in the works. It may very well be the double version SGGM then into CIM. That would keep the Casavant Name with the company plus keep the MM's on their toes.
500=supposedly means GAP one way or the other.(gap direction of trade) 500shares at .0004 gap up / 500shares at .0003 gap down
400=take it sideways based on supply and demand.
Who knows?
Any comments on this post.
By: ivory10113
15 Sep 2004, 07:08 PM EDT
Msg. 548023 of 548059
Jump to msg. #
SGGM Deal w/CMKX = $.005 to .01 MINIMUM
From: "albert green"
Date: Tue Sep 14, 2004 6:32 pm
Subject: $.001 SGGM PAR VALUE ...... The Key
$.001 SGGM PAR Value.....The Key to CMKX valuation of
$4,000,000,000...$ 4 BILLION
Definition PAR Value ; Amount per share set in the ARTICLES OF
INCORPORATION of a CORPORATION to be entered in the CAPITAL STOCKS
account where it is left permanently and signifies a cushion of
EQUITY capital for the protection of CREDITORS.
Par Value is the maximum or minimum price or value that the board
of directors of SGGM HAS GUARANTEED that they will pay per share on
SGGM stock if or when they are presented with the demand to exchange.
THIS THEN means CMKX has a legal stipulated minimum market value of
$.005 pps (greater than 10times our current pps) that you and I
(CMKX) can legally demand payment thereof.
It then follows:
200 billion SGGM shares x $.001 par value per SGGM share =
=$200 million cash = 5% interest in all CMKX claims
and properties
So, if 5% CMKX claims =$200 million cash value
then 10% CMKX claims=$400 million cash value
then 100%CMKX claims=$4 BILLION cash value
Thus A). $4 Billion divided by 800 Billion CMKX (maximum) shares =
$.005 per share minimum guaranteed cash value for CMKX.
OR more than 10 x (times) the current price of CMKX if All 800
Billion AS have been issued and are Still outstanding.
B). If OS were only 400 Billion shares then we have an $.01 or
1 penny per share cash value or 25 times our current price.
The board of directors (BOD) of SGGM are either outrageously
stupid, ignorant, and ill advised OR they really know for an absolute
fact that CMKX has actual, provable, BANKABLE minimum value of $4
Billion or $.005 pps.
Some may say that " PAR VALUE" is now an antiquated, useless,
meaningless legal term that nobody ever pays attention to anymore.
Well, yes you are right. THAT is until now! Usually a stock or bond
always trades at a price far above it's par value, so the term "par
value" was rather seemingly meaningless, UNTIL NOW!
I have never been asked to close my account.
They said they are aware of the problem. So I assume I am not the only one with the problem. In fact my brother also has the same problem with his CMKX shares. He could not get a staight answer from them either.
I have never had a problem with E*TRADE before and I love there service. I have Ameritrade also and hate it. It is not as user friendly.
I have no open orders at all for CMKX.
I can't put a sell order in for any shares I bought at .0001 or .0002 because they show as committed as if I already have an open order in for them when in fact I don't. Any shares I bought at .0003 or higher show uncommitted and I can sell at will.
You can not tell there are any problems by looking at your portfolio. It shows your shares and gives you credit for them. You have to balance your account assets or try to put a sell order for some of your older shares before you know you have the problem.
I am going to get to the bottom of this Thursday AM. Them telling me there are issues does not get it.
I can sell the older ones. I just have to do it by phone thru the broker. The newer shares I bought at .0003 or higher I can sell on line with out any problem.
My account is still screwed up along with others I know.
If my account isn't staight by Thursday. Etrade is going to get a ear full. I am going to demand to know what the heck is going on with my older CMKX shares.
I think the shares are shorted and that is the problem. Why would it be only the older shares that I bought at .0001 and .0002 that are restricted from being sold on line.
Thanks for your for your help. Good night.
I am. I spoke with them a couple of times but would only say they had issues. They showed up normally in my portfolio but not in my assets. If you try to sell any of the older lots of shares they show as committed and not sellable as if I already have an open order pending. The newer share lots are freely tradable. The older ones I bought at .0001 and .0002 I now have to call the broker if I want to sell them. They said they were having issues and were working to clear it up.
JANICE
Why would I be having issues with my shares of CMKX stock in my ETRADE account as well as others? The shares I bought at .0001 and .0002 are having issues so my broker put it. The shares I bought at .0003 and higher here lately are not having issues. What would be a good reason for that?
The issue is that the older shares don't show up as assets in my account and I can't trade them online. The newer share lots purchased for .0003 or higher I can trade freely. I have to call the broker to try and trade the older share lots. Can you think of a good reason for this?
They show up normally in my portfolio but when you check deeper into your accounts they are not credited.
This is my last post for the day.
It probably is costing the company very little if anything. The casino will supply the entertainment and a lot of other perks (food, special events)to the guest in trade for thousands of guest and gamblers spending money at their establishment.
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