One Step Ahead

[Bo14172]

Is it me?

Took a bit of time to look at what has been written about the 483 billion share figure. It seemed to be a hot topic that like others, has been beaten like strip steak. Some cases of hyperventilation have been reported. : )

Let's look at the link and what it contains:

http://www.otcbb.com/asp/dividend.asp?sym_id=CMKX&dDate=08/20/2004&sDateType=Record_date ne

CMKX - CMKM Diamonds, Inc. Common Stock

Declaration Date:

-- Ex Date:

-- Record Date:

08/20/2004 Payment Date:

09/24/2004
Dividend Type:

Stock Div. payable in another company Dividend Amount:

+stk
Notes:

+.0000155 of a restricted share of US Canadian Minerals Inc (OTCBB: UCAD) for each share held. Will not be quoted Ex.
_________________________________________________________________

Now let's look at what we know.
The Authorized Shares (A/S) is 500 billion.

If I'm not mistaken, reported retirement of shares totals ~16 to 17 billion. Someone please correct me if I'm wrong. I'm going from memory at this point in the evening

500b - 17b = 483 billion Authorized Shares.

Look at the "+".

OTCBB posted the dividend dates basing the ratio on A/S they believe to be correct. The "+" tells me .0000155 is the MINIMUM shares we will receive. The "+" tells me it is a number in excess of this MINIMUM amount, as their basis is the Authorized Shares.

Let's wait for a PR about the O/S and naked shorting. Let's wait for comments from Atty Glenn and Urban about this issue.

I simply think some might be reading more into what is actually there, or is it just me? : )

Recall the Joel/400bil rumor. I heard Melvin when he went on IBC back then. He was very upset and adament that the O/S was not 400 billion. It was said in such a way that left anyone who listened with the impression that the O/S is less than that amount.

Finally, check my Monday's post of the dividend spreadsheet developed by Canuk. It's information about what to expect from the UCAD and GEMM dividends.

Feel free to agree or disagree

Nite all, Bo