PLEASE READ and COMMENT ON:
I have been thinking about all this dividend / O/S news we've gotten and there are still a few things bothering me(in a good way) about what we’ve heard and seen:
1) All the innuendo from those ‘in the know’ saying we will be surprised as to how low the O/S is. It seems like everyone who attends the races gets this feeling and I believe, for the most part, they are ingenious when they relay the info.
2) Melvin has on more than one occasion stated PUBLICLY the O/S is nowhere near 400 Billion. Some will say he wasn’t technically lying because its actually 483 Billion but he made it quite obvious that the number was much lower than 400 Billion. Why would he go on radio and paltalk and lie over and over again when he knew everyone would find out the truth when the ucad shares hit the account?
3) The fact that OTCBB has reported a dividend distribution for ucad of .000155, which would at first indicate an O/S of 483 Billion, yet it wasn’t retracted by Glenn.
4) The PR concerning the CIM dividend.
When I first read the CIM dividend announcement something struck me as very strange yet it didn’t resonate until about 20 minutes ago.
CMKM Diamonds, Inc. will also receive 40 billion shares of CIM stock which CMKM Diamonds, Inc. will distribute pro rata as a dividend to all CMKM shareholders of record on August 31, 2004.
Pro Rata….why did this dividend say the distribution was pro rata, while the other 2 said nothing to the effect?
Pro Rata
This means in proportion to. For example, a dividend is a pro rata payment because the amount of dividend each shareholder receives is in proportion to the number of shares he or she owns.
A term describing an allocation that is based on a proportionate distribution of the total.
So, CIM shares will be distributed in proportion to the number of shares he or she owns(as per the above definition). So that forces me to ask – what about the ucad and gemm dividend? Why say you are distributing the CIM shares Pro Rata and not the others?
That makes me believe that ONLY the 40 Billion CIM shares will be distributed proportionally and the ucad and gemm dividends won’t. Basically that means that the 7.5 million shares of UCAD may not ALL be distributed to shareholders. If they were all being distributed the PR would have said the 7.5 million would be distributed pro rata(like most prs concerning stock or cash distributions).
THAT WOULD MEAN THE DIVIDEND RATIO FROM OTCBB may be calculated from less ucad shares and thus the O/S for cmkx may in fact not be 483 Billion but MUCH LESS. That would explain why the information on OTCBB was received by Roger Glenn and was never taken down. That would explain why Urban was pissed when he heard the news; knowing shareholders would calculate the wrong O/S from this. That would explain why the dividend ratio on OTCBB has that '+’ in front of it. That would explain Melvins actions and the ‘inferences’ from Insiders as to a low O/S
who knows just a thought...
