some interesting posts regarding CMKM>>>
Good post on CMKM's PR today...
By: stervc
25 Feb 2004, 10:23 PM EST
Msg. 97579 of 97622
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Here's Why the News today...
There are many thoughts of speculation as to why CMKM waited until today to release the news of their name change with the change being effective way back on 5 Feb 04. I will keep it short and only share two.
(1) CMKM wanted to wait until they had completed their goals of the buyback/retiring of the shares. Positioning had to take place by key CMKM affiliates as I had stated before the decision to move forward.
and/or
(2) The stock certificates and CUSIP number was ordered back on 5 Feb 04 with an already known amount for the outstanding shares (O/S) to be released to the public. CMKM would have to have coordinated with the SEC and NASD officials to order their ticker and new CUSIP number. If this was a fraud, this would have been stopped no doubt at this point.
They would also need to know and report a finite number for their outstanding shares to the SEC and NASD officials. So yes, the O/S is already known by CMKM. A certain amount was needed to have been accumulated to confirm a short position by the share amount reported and submitted on 5 Feb 04 and the amount of shares bought/retired up to this date. The difference would be the confirmed "minimum" position that has been shorted.
The release of the news today stating that such name change was effective back on 5 Feb 04 is a hint to inform the MMs (or the guilty short party) that they are in the process of being trapped. They can either cover soon peacefully or by force as the PRs get stronger. Only my opinions.
and
CMKM one man's opinion...
By: okanagan
25 Feb 2004, 05:46 PM EST
Msg. 97146 of 97159
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HERE IS WHAT I THINK HAS TRANSPIRED GANG<<
Feb 5th was the offial date for the CMKM Diamonds, Inc. to become the official new PUBLIC company.
Deals were inked, new Board of Directors was put in place, etc., etc.
On Feb 6th, CMKM began to BUYBACK stock from the open market and continued all through the following week and I believe bought back about 90 to 100 billion shares.
This price had to stay down to allow the BUYBACK to be accomplished. This is now complete.
Today, the company has officially announced the NAME CHANGE and has applied for a new CUSIP. This puts the stock in limbo pending the NEW CUSIP and therefore the stock cannot be SHORTED in the interim. But the stock will continue to TRADE !!
This will allow the company to raise the PPS without fear of further SHORTING and it will also cause a MAD scramble if there is an EXISTING SHORT or NAKED SHORT to COVER.
If I am figuring this out correctly, it is simply the most BRILLIANT thing I have ever seen in the markets.
THE *CASAVANT MANEUVER* FOLKS !!!!!!!!!!!!!!!!!!!!!
Longs...there is nothing that can stop the PPS now!!
Mr. Casavant, my congratulations to you sir if you have managed to pull this off in this manner.
Let the Press Releases fly $$$$$$$$$$$$$$$$$$$$$$$$
Just another opinion...LOL
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bottom line is ther si definitely something happening with CMKM,...and its management appears to be on top of it.
time will reveal as more information comes into the clear.
invest at your own risk, based on your own due diligence, at your own risk tolerance
