CMKX: shiztx, the dividends are indeed very
exciting news. In this case, Urban's words and actions in appreciation of CMKX shareholders is abundantly clear. I wouldn't be surprised if a cash per share dividend is in the mix someday as well.
Dividends are telling of the companies value and potential. They are normally reflective of a smaller percentage of a company's true worth. So your point about share price is timely given what has happened the last 2 weeks and what is about to occur.
I posted on the IHUB CMKX board a couple nights ago in response to a PM zen32 sent me. At the end of my post, I offered something which is right on point with your confusion as to why the share price hasn't moved. Trust me, as each day passes with no movement in share price despite 97%-98% buys at the ask, the light becomes increasingly glaring on that very issue. So count me in as being confused also.
Obviously, if naked shorting is involved, such practices will be revealed shortly. I would trust fair trading would greatly boost the share price.
Further, if it is found naked shorting is not involved, then can the current trading tactics of the MM's be in question. Again, the buys are at the ask. Take yesterday for example. Although I don't have the numbers, my guess is 90%-98% of the transactions went through at .0004. Normal market reaction would be to move the ask to higher levels as laws of demand would dictate. As we have seen, now too obvious, MM's freeze the price in light of high demand at the ask.
If such strongarm tactics by the MM's are invloved (lowering the bid and ask, and denying buys at higher levels), then such activity may also be a target for illegal offenses.
Finally, if it is the case that Urban is retiring shares through use of his own money or using venture capital, then pps should progress nicely in due time.
All three of the above factors could affect why we are seeing a frozen pps. If Atty Glenn comments on any naked shorting or illegal trading practices, then expect the best. If further announcements of dividends or positive news continue, then expect the best.
Be well, Bo
AI
