LOOKING FOR ANSWERS, READ THIS
PR is legit. Confirmed with source at United Carina. Putting it lightly, they’re “not pleased with the misleading PR put out by CMKX last Thursday”. The fact is, "the diamonds found were inconsequential". Read what you will into my reasons for using double QUOTEs.
On a positive note, "the area being explored does indeed have great potential with respect to finding diamonds. Absolutely massive kimberlite bodies. Today, however, there is no reason for celebration". On a side note, none of these companies "will ever get involved with diamond mining". They all have one common goal, "to FIND diamonds". And when they do, "without question, they’re looking to get bought out by someone like DeBeers, who will actually do the mining".
Seemed like an infinite supply of .001's and .0011's yesterday. Well, there were. And guess who was selling all those .001's and .0011's. You guessed it - the FINANCIERS of the operation up there - our friends at CMKM Diamonds. And that, I’m afraid, is what CMKX.PK and the 500 billion A/S is all about. Looks like Urbie's little Las Vegas pinkie has been a cash cow. Or should I say a printing press of a cow.
Unfortunately, all of this new found information begs me to ponder a rather unnerving question: Were all these, seemingly intelligent, penny stock gurus and posters indeed fooled by the lure of the largest diamond find in history? Was their judgement really clouded by carats? Or, did they, in fact, have more deceitful motives behind all their fantastic stories? Was their intention really to cloud our judgement, while they cashed in on the pump? For now, I’ll give them the benefit of the doubt. I’ll assume they, like myself, were enticed by the lure of early retirement. I’ll follow some of my favorite posters into the future, unless they disappear! And time will tell.
As for me, glad I sold out completely today, as I gleaned more than you could imagine in one five-minute conversation this afternoon. I believe this will quickly retreat back to one or two hundredths. Further, I consider myself very lucky to have been perusing this board when the news broke. I had about 5 minutes or so to sell at .001 before the collapse. Unfortunately, I only sold half then. Boy that was stupid! But congrats to Rocketred! Very smart and decisive decision you made. Kudos to you. I sold the other half of my holdings in the last hour of the day for .0005. Oh well, I was averaged in around .0006. So, I actually made a little pocket change on the whole deal :)
Btw, a big thanks to trade15 (post 28083). I believe this was the first post breaking the story to the board. You saved me at least a couple G. I owe you. I was holding 20MM shares.
Diamonds sure make for a great story, don’t they? But someone said it best earlier, Urbie’s cover has now been blown.
sundevil
