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BRIG_88
I can not debate someone's opinion about the NSS.
You have you opinion, I have my opinion.
We are all entitled to have our own opinion.
But the numbers do not lie.
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The UCAD dividend ratio calculated a CMKM O/S of 483 billion shares.
(7,500,000 UCAD shares) divided by (0.0000155 dividend ratio) = 483.7 Billion Shares of CMKM traded on the market.
http://www.otcbb.com/asp/dividend.asp?sym_id=CMKX&dDate=08/20/2004&sDateType=Record_date
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The CIM dividend ratio calculated a CMKM O/S of 1.4 trillion shares.
(40,000,000,000 CIM shares) divided by (0.028 dividend ratio) = 1.4 Trillion Shares of CMKM traded on the market.
http://www.otcbb.com/asp/dividend.asp?sym_id=CMKX&dDate=08/20/2004&sDateType=Record_date
'grogger'
Re: pedro your namesake not so well last night.......where did the .028 come from
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The 0.028 is the CIM dividend ratio posted on the OTCBB website. OTCBB received this information from NASDAQ.
http://www.otcbb.com/asp/dividend.asp?sym_id=CMKX&dDate=08/31/2004&sDateType=Record_date
*** Naked Short Sales = 928 Billion Shares *** Update
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Yesterday I posted this information.
It appears that people are not grasping the magnitude of the NSS shares on the market.
Look how many shares are actually on the market being traded and held in people’s accounts!
I have factored in the 300 billion increase of the A/S.
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Check out this calculation.
A = Amount of CIM Shares
B = Total CMKM shares being traded on the market.
C = CIM Dividend Ratio
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A = Amount of CIM Shares = 40,000,000,000
In addition to the zinc deposit royalty CMKM Diamonds, Inc. will also receive 40 billion shares of CIM stock which CMKM Diamonds, Inc. will distribute pro rata as a dividend to all CMKM shareholders of record on August 31, 2004.
http://biz.yahoo.com/bw/040719/196042_1.html
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B = Total CMKM shares being traded on the market.
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C = CIM Dividend Ratio = 0.028
http://www.otcbb.com/asp/dividend.asp?sym_id=CMKX&dDate=08/31/2004&sDateType=Record_date
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A = Amount of CIM Shares = 40,000,000,000
B = Total CMKM shares being traded on the market = ???????
C = CIM Dividend Ratio = 0.028
(A) / (B) = (C)
(40,000,000,000) / (B) = (0.028)
(B) = (40,000,000,000) / (0.028)
B = 1,428,571,428,571
Total Shares of CMKM on the market = 1,428,571,428,571 Trillion Shares
Total Authorized Shares of CMKM = 500,000,000,000 Billion Shares
(1,428,571,428,571) less (500,000,000,000) = 928,571,428,571
TOTAL NSS SHARES on the market being traded = 928,571,428,571 Billion Shares
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NOW FOR THE 300 BILLION SHARE INCREASE
I believe the CIM dividend ratio posted on the NASDAQ website on August 21st has not included the A/S increase filed on August 18th. I do not believe the 300 Billion Authorized Increase has been factored into the CIM Dividend ratio.
But for all you skeptical people out there, let’s calculate the increase.
TOTAL NSS SHARES on the market being traded = 1,428,571,428,571 Trillion Shares
Total Authorized Shares of CMKM = 500,000,000,000 Billion Shares
Total Authorized Share Increase = 300 Billion Shares
(1,428,571,428,571) less (500,000,000,000) Less (300,000,000,000) = 628,571,428,571
TOTAL NSS SHARES on the market being traded = 628,571,428,571 Billion Shares
janice shell
Re: Why do you put my name in quotation marks, "Pedro"?
Sorry about that!
I copy the posters name
In Reply To 'janice shell' on 'CMKM - CMKM Diamonds Inc.'
Compose your reply here:
(The first eight words you type will automatically become the subject of the post)
I will keep an eye on my future postings.
'janice shell'
Re: Urban has already issued at least 500 billion, or he wouldn't have raised the a/s.
I was more concerned about the attachments.
In addition to increasing the A/S - there was some "attachments" filed. At least that was what the SOS lady stated.
As far as the 500 Billion O/S
I have been posting this for the past few weeks:
When Joel called IBC Radio stating there was 400 Billion O/S,
Melvin immediately called amd said it was a "Flat Out Lie."
Who was lying?
Joel saying there was 400 billion O/S?
Melvin saying that was a lie?
I NOW trully believe Melvin was lying!
At first I thought maybe Melvin did not have the correct information from UC.
I no longer feel this way!
I am not questioning the 500 billion A/S.
I am not questioning the last calculation of 483.7 O/S.
Tomorrow I will know more about the increase to 800 Billion.
Ask me the same question tomorrow night.
I will tell you what I have!
'janice shell'
Re: Was that audit ever done? Remember: it was Pacific who was supposed to do it in the end. Go back to posts from the time of the TA kerfuffle and you'll see that Global told a number of callers that they hadn't done an audit.
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I have no proof that the TA "HAS or HAS NOT" done an audit.
My opinion is only speculation.
'chisox pat'
I agree with your post
But take under consideration the TA audit. The number is known.
But whatever it is -
This whole facade is getting me very tired.
Only time will tell what's happening
'janice shell'
I have copies coming from Nevada by FedEx
Will have them tomorrow.
Apparently there were some attachments to the amended articles.
Whatever the case
928 Billion less additional 300 billion = 628 billion NSS
Naked Short Sales = 928 Billion Shares
Check out this calculation.
A = Amount of CIM Shares
B = Total O/S shares of CMKM
C = CIM Dividend Ratio
------------------------------------------------------------------------------
A = Amount of CIM Shares = 40,000,000,000
In addition to the zinc deposit royalty CMKM Diamonds, Inc. will also receive 40 billion shares of CIM stock which CMKM Diamonds, Inc. will distribute pro rata as a dividend to all CMKM shareholders of record on August 31, 2004.
http://biz.yahoo.com/bw/040719/196042_1.html
------------------------------------------------------------------------------
B = Total O/S shares of CMKM
-----------------------------------------------------------------------------
C = CIM Dividend Ratio = 0.028
http://www.otcbb.com/asp/dividend.asp?sym_id=CMKX&dDate=08/31/2004&sDateType=Record_date
------------------------------------------------------------------------------
A = Amount of CIM Shares = 40,000,000,000
B = Total O/S shares of CMKM
C = CIM Dividend Ratio = 0.028
(A) / (B) = (C)
(40,000,000,000) / (B) = (0.028)
(B) = (40,000,000,000) / (0.028)
B = 1,428,571,428,571
Total Shares of CMKM on the market = 1,428,571,428,571 Trillion Shares
Total Authorized Shares of CMKM = 500,000,000,000 Billion Shares
(1,428,571,428,571) less (500,000,000,000) = 928,571,428,571
TOTAL NSS SHARES = 928,571,428,571 Billion Shares
'fung_derf'
RB = Pedro20040
I will be back on this evening.
Thalk to you later
tia
Pedro
'fung_derf'
I am going to have to get back to work in a bit.
You wrote that I was dancing around your questions - just like the RB Board.
I thought I answered all your questions.
Was there any other questions you feel I have not answered?
'fung_derf'
I am going to have to get back to work in a bit.
You wrote that I was dancing around your questions - just like the RB Board.
I thought I answered all your questions.
Was there any other questions you feel I have not answered?
'fung_derf'
I think we are in between posts - not current
I posted what I thought the revenue is being used for
http://www.investorshub.com/boards/read_msg.asp?message_id=3872826
'arete'
Re: because he knows he can make more money dumping shares than he can selling diamonds.
----------------------
OK
Thank for replying!
'AlGee57'
Good luck with our investment!
eom
'chisox pat'
Re: Pedro, you suggested they got the money from the UCAD sale. In which case, we traded our claims for money, and by your guess used some of it for the advertising. That was your logic, not mine.
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No. That's YOUR logic, not MY logic (opinion).
MY OPINION
The 3 million dollars were used to:
Buy Juina Mining interest
Pay for Roger Glenn Services
Pay for Drilling Employees salaries
Buy new and/or used drilling equipment
Pay for drilling supplies
and yes, Pay for CMKXtreme advertising.
'fung_derf'
Sorry
I read mis-read the meaning on your post.
Why would UCA, KPG, Shane Resources and Nevada Minerals want to advertise on CMKXtreme Funny Car?
Why are there no logo's on the funny car?
Good question.
Maybe they did not want to advertise -
Three of them are in Canada.
'fung_derf'
Re: Here's one.....are you or were you an SRCI shareholder?
--------------------------------
Does not ring a bell.
I just check: Serac Holdings = No = Never
'fung_derf'
Re: Of course you'd think their names would also be on the race car then?
We are not talking about CMKXtreme Revenue.
We are talking about CMKM Revenues.
(ps. there are some oil company logo's on the funny car)
'fung_derf'
Re: He's sharper than you give him credit for. In fact, he's just sharp enough that he figures taking me on and continuing asking, but not answering questions will be the way to finally state to all that I must be stumped.
----------------------------------------
I thought I answered you question.
http://www.investorshub.com/boards/read_msg.asp?message_id=3872298
Go ahead.
Ask your question and I will answer it!
'chisox pat'
Re: So they are trading the mineral claims for advertising on a race car?? I gotta call my broker and get more!!
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You know this is not true!
If you want to talk - lets talk logically.
Otherwise I will not respond to your post.
'fung_derf'
Re: So Pedro....you think CMKX is a non-reporting profitable company?
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I am saying that CMKM is generating revenue.
******* Not from Diamonds sales *******
Revenue from the Juina gold mine interest.
Capital Gains on the sales of assets.
'AlGee57'
Re: I'm not talking about the Sterling issue either. Just pointing out if Urban felt like issuing them a couple hundred billion new shares to sell off to fund the racing he could have done so, and CMKX shareholders would be none the wiser.
I don't know they have done so. Yet it remains a possibility.
-----------------------------------------
This is your personal opinion.
I do not like to dabate someone's personal opinion.
I believe that everyone has the right to their own personal opinion.
When people try to influence other people their opinion and beliefs - saying that person is wrong for not believing in what they believe in -
This is when I come back with an answer to the post.
You are correct to feel and have your own opinion on this matter.
'fung_derf'
Now we are talking with each other and not battling.
Good
Re: with all these lovely P.R.'s about partnership deals, why did the company omit that small fact about increasing the A/S?
That really disturbs me also.
But these article were amended on August 18th.
The articles also contained attachments.
I order the complete set.
Nevada SOS is mailing FedEx.
I will know more about the attachments tomorrow
'WIDAH'
I did noy see that post.
Makes me wonder!
Thank you.
'huckleberry'
I would be very angry if the 300 Billion increase wased used for dilution.
We are going to have to wait for the PR on the partnership
UCA
KPG
Shaine Resources
'fung_derf'
Re: However the reality is that CMKX has their name on the car. This in the business world IS known as advertising. This comes with a cost. Where do YOU think CMKX is getting the cash to pay it?
From the gold proceeds sold by Juina Mining.
http://biz.yahoo.com/bw/040720/205306_1.html
From the $3 million dollars received from UCAD
http://biz.yahoo.com/bw/040727/275889_1.html
From the UCAD option to buy buy more interest in CMKM
'fung_derf'
Re: The dilution comes previous to the issuing of shares.
?????? I am not understanding what you mean.
If you dilute shares in the market - you must sell shares from the A/S (into the market). Thus you are increasing the O/S.
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Re: Again, shares do not have to be created in order for a merge to happen.
Yes and No
Yes = When there is a merger of two companies.
No = when there is an aquisition of a comany.
We are discussing a Partnership - not a Merger.
Partnership Interests are paid with cash and/or shares of the company.
'AlGee57'
Re: When separate companies on paper share the same executives they are, by very definition, related.
No. Not true
This gets into coporate structure.
Many Tier 1 Companies have Board Members - that sit as a Board Member on other companies.
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Re: You are correct in that we don't know who the shareholders are, but by the same token an assertion that they cannot be funded by freely given cmkx shares would also be incorrect.
We were not talking about the Sterling issue.
We were discussing something else
'fung_derf'
Re: Geez pedro....you're becoming tiresome.
Try to keep the conversation professional - without using personal attacks and inuendos.
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Re: And where does CMKX get the money to pay to advertise? Well, couldn't say for sure, but if they ain't sellin' diamonds, they're probably sellin' shares.
That is your personal opinion.
Everyone is entitled to their personal opinion.
Argument does not consider advertising fees paid by other companies contracted with CMKXtreme
'fung_derf'
Re: Now you do realize there are ways to do these things normally without diluting the heck out of us, right?
There is no dilution when shares are used to purchase the assets in a joint partnership. Capital structure is always maintained in a partnership.
No dilution exists.
Should a partner cease to become a "partner," the other partners have a right to purchase the other partners partnership interest.
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Re: Can you think of any ways?
Same answer as above.
----------------------------
Again - your question is vage and needs more clarity.
'AlGee57'
Re: Separate does not been unrelated.
Wrong
We do not kmow the sahreholders of CMKXtreme
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Re: Notice how Urban is President, Secretary and Treasurer of this separate company?
Correct.
Still two seperate companies
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Re: You will likely find CMKXtreme, Inc has a large stake in CMKX obtained at no cost, if they ever bothered to file any statements.
Nice opinion!
'fung_derf'
Re: Wrongo bub.....they're an advertiser.
---------------------------------------------
Correct.
Expenses paid to CMKXtreme are classified as Advertising Expenses.
Does not account for "why" CMKX A/S was increased.
'fung_derf'
What dillution?
Need more specification.
Dilution to purchase capital?
Dilution in obtaining cash flow?
'fung_derf'
Re: merger deals with various companies
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Correct!
CMKM Diamonds, Inc. Converges on Saskatchewan Drill Target
Thursday August 5, 1:51 am ET
LAS VEGAS--(BUSINESS WIRE)--Aug. 5, 2004--CMKM Diamonds, Inc. (Pink Sheets:CMKX - News) has received all necessary drilling permits and Surface Exploration Permits to mobilize its drilling equipment to a new site located approximately 5 miles northwest of Kensington-DeBeers Kimberlite 122 and 6 1/2 miles northwest of Shore Gold Inc.'s Star Diamond Project in the Forte a La Corne, Saskatchewan. The drill site partnership includes Shane Resources (SEI.H-)CDNX, United Carina Resources Corp. (UCA.)CDNX, Consolidated Pine Channel Gold Corp. (KPG) CDNX, and U.S. Canadian Minerals, Inc. (OTCBB:UCAD - News). All the partners shall have representation at the drill site at time of drilling. As with all CMKX drill sites, CEO and President Urban Casavant has ordered this drilling project to be video recorded for the CMKX website for viewing to the CMKX shareholders
http://biz.yahoo.com/bw/040805/45940_1.html
'BRIG_88'
Re: Pedro..."what are the shares used for?"....well...top fuel dragsters aint cheap to run ya know.....BRIG
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I do not believe that!
CMKXtreme is a separate company.
CMKXtreme is not related to CMKM.
http://sos.state.nv.us/corp_nme.asp?corpnum=X2004122510
CMKM shares can not be used for racing expenses of CMKXtreme.
'fung_derf'
Re: Pedro....Isn't it obvious. They used up the first 500 already.
--------------------------------------------
Correct.
What are the shares used for!
What's your suggestion why the A/S was increased.
I was just curious as to everyone's opinion why the Authorized Shares were increased?
Is anyone else having refresh and posting problems?
Tia
'sublime'
Re: pedro...r u saying deleted and cancelled are same?
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There was 1 perferred share issued.
The majority shareholders purchased the 2 share back
The majority shareholders cancelled the perferred shares on the Article of Incorporation.
CMKM is no longer authorized to issue Preferred Shares.
CMKM deleted the one (1) shares oustanding.
CMKM then cancelled the Preferred shares authorization.
CMKM only remaing authorization is Common Shares (500 Billion)