Hi all...
Tanned and rested here.
In scanning the past week and weekend race activity, all I can say is wow!
I have many thoughts, but want to digest the happenings over the next day or two to try to zero in on what is most pertinent.
At the top of the list is securing share certificates, which is something I did awhile back as a personal decision to ensure any dividend distribution, buyout or merger possibilities, and was my response to the Jan 2003 pr. Urban's recommendation and reasoning in that pr clearly points out the effect requesting certificates will have on any naked shorting issue. It is cogent and right on the money. I further contend that if "team CMKX" (shareholders) request their certs, not only does the naked shorting position get squeezed, but also those MM's who LEGALLY short the stock. In sum, ANY short position will get squeezed, as less and less shares are available for them to borrow. I have a couple of great reference materials which I'll share as the week goes on to drive this point home.
Mach...thank you. Simply on-point assessment and outstanding work. I concur with zen32. If you are able to establish a rapport with the MM's you met, it would give all a better understanding on how the market is viewing CMKX. As I have stated many times before, valuation of CMKX's claims and the O/S will drive the stock price. It didn't surprise me when the MM confirmed that a valuation on these claims will provide the strongest move. I respectfully disagree with him however that the O/S is not important. Time after time, we have seen in stocks both large and small, that O/S has a direct effect on stock prices. Nonetheless, your instinct to strike up a conversation with the 2 MM's you did was excellent work on your part.
Would you mind if I e-mailed you tomorrow? Nite all, Bo
AI
