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Monday, July 19, 2004 7:53:57 PM
MY THOUGHTS ON TODAY AND MORE.
Fully expected. Anyone surprised to see JEFF was the one clinging to .0005? JEFF IMO absolutley knew that the second he released his foot from .0005, there would be 5 MMs stepping up to the bid at .0005. He kept it there and got his .0004 close (NICE paint job BTW). Why? People come home tonight, check their stock and see NO CHANGE??? They assume this PR must not have meant anything and "eh, maybe I just need to put my sell order in and be done with this." But now JEFF is feeling some heat. 19 trading days until he's gonna have to figure out how a (currently) unknown number of UCAD dividend shares are going to have to be placed in everyone's accounts. Still, JEFF needs to be patient and play this out accordingly. .0005 is a first level. There should be a battle royale though at .001. JEFF hopes to cover for his client significantly there. But he will likely get MORE selling by holding it here at .0005 a bit longer. Make people anxious, nervous, emotional. Now when .001 finally hits, they may act hastily, rashly and sell.
Did anyone catch UCAD however? Let this be a CLEAR warning shot. 26,000 shares moves UCAD up 33%. There are practically NO shares available. NONE. Shortie does not yet know how many shares above and beyond the 7.5 million he'd have to produce to cover the UCAD dividend he might owe, but he knows he can't get them on the UCAD open market. There just AREN'T any. The ONLY way shortie will cover is through CMKX. And by the way, my personal speculation is that UCAD will not close under $4 again. Which would be interesting since Nasdaq Small Cap requirements are a $4 share price. A reverse merger into UCAD and a listing on Nasdaq in 30 days? Possible? Maybe. Just some thought. If UCAD jumps to $5 and holds there, we could even see an application for a Nasdaq National Market listing. Personally, I think they'll sidestep the whole issue and go for AMEX through a reverse merger into UCAD after August 20.
I must repeat what I have said many times before. I do not believe Roger Glenn was brought on board to help CMKX become a reporting otcbb company. In fact, anecdotal evidence these days suggests such a move is not even possible any more. The SEC wants the otcbb to disappear completely and they seem to be not very amenable to any otcbb applications these days. No, I believe Roger was not only brought on to break a record-setting short position, but that his skill sets were uniquely qualified to position CMKX to get listed on one of the major exchanges and QUICKLY. I do not think the MMs that are short are unaware of this fact.
I believe Urban and Roger have served notice that the shorting will be over by August 20. One step at a time, we move toward that date. They may try to hold the line here for awhile. But IMO they will either have to cover or Urban/Roger will continue to drop cluster bombs on them with further updates/deals/information. I do feel the MMs are being given a "grace" period so this all happens in a more orderly fashion, but I do also think that the consequences for not respecting this grace period will be swift and severe.
Personally I believe we have the mother lode in diamonds and other resources.
Personally I believe we have a very low OS that will stun the crowd into silence.
Personally I believe we will reverse merger into UCAD (c'mon how much more obvious can this be???)
Personally I believe we are headed to a higher exchange.
Personally I believe we will reach share prices where institutions will want to be a part of this company.
Personally I believe this investment will change my life forever.
We watch. We wait. Very soon I believe ... we win.
Fully expected. Anyone surprised to see JEFF was the one clinging to .0005? JEFF IMO absolutley knew that the second he released his foot from .0005, there would be 5 MMs stepping up to the bid at .0005. He kept it there and got his .0004 close (NICE paint job BTW). Why? People come home tonight, check their stock and see NO CHANGE??? They assume this PR must not have meant anything and "eh, maybe I just need to put my sell order in and be done with this." But now JEFF is feeling some heat. 19 trading days until he's gonna have to figure out how a (currently) unknown number of UCAD dividend shares are going to have to be placed in everyone's accounts. Still, JEFF needs to be patient and play this out accordingly. .0005 is a first level. There should be a battle royale though at .001. JEFF hopes to cover for his client significantly there. But he will likely get MORE selling by holding it here at .0005 a bit longer. Make people anxious, nervous, emotional. Now when .001 finally hits, they may act hastily, rashly and sell.
Did anyone catch UCAD however? Let this be a CLEAR warning shot. 26,000 shares moves UCAD up 33%. There are practically NO shares available. NONE. Shortie does not yet know how many shares above and beyond the 7.5 million he'd have to produce to cover the UCAD dividend he might owe, but he knows he can't get them on the UCAD open market. There just AREN'T any. The ONLY way shortie will cover is through CMKX. And by the way, my personal speculation is that UCAD will not close under $4 again. Which would be interesting since Nasdaq Small Cap requirements are a $4 share price. A reverse merger into UCAD and a listing on Nasdaq in 30 days? Possible? Maybe. Just some thought. If UCAD jumps to $5 and holds there, we could even see an application for a Nasdaq National Market listing. Personally, I think they'll sidestep the whole issue and go for AMEX through a reverse merger into UCAD after August 20.
I must repeat what I have said many times before. I do not believe Roger Glenn was brought on board to help CMKX become a reporting otcbb company. In fact, anecdotal evidence these days suggests such a move is not even possible any more. The SEC wants the otcbb to disappear completely and they seem to be not very amenable to any otcbb applications these days. No, I believe Roger was not only brought on to break a record-setting short position, but that his skill sets were uniquely qualified to position CMKX to get listed on one of the major exchanges and QUICKLY. I do not think the MMs that are short are unaware of this fact.
I believe Urban and Roger have served notice that the shorting will be over by August 20. One step at a time, we move toward that date. They may try to hold the line here for awhile. But IMO they will either have to cover or Urban/Roger will continue to drop cluster bombs on them with further updates/deals/information. I do feel the MMs are being given a "grace" period so this all happens in a more orderly fashion, but I do also think that the consequences for not respecting this grace period will be swift and severe.
Personally I believe we have the mother lode in diamonds and other resources.
Personally I believe we have a very low OS that will stun the crowd into silence.
Personally I believe we will reverse merger into UCAD (c'mon how much more obvious can this be???)
Personally I believe we are headed to a higher exchange.
Personally I believe we will reach share prices where institutions will want to be a part of this company.
Personally I believe this investment will change my life forever.
We watch. We wait. Very soon I believe ... we win.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
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