why all the selling at .0004.......no, its not the naked shorting by hedge funds, its not UC or anyone else dumping, and its not the MMs shorting.
First, lets look at the MMs who get all the blame for shorting. The MM is an employee of a brokerage firm who generally works on commission. The MMs who work the "pinks" and the otc market are generally the ones with limited MM exoerience. The most senior MMs in a firm work the Nasdaq exchange and stocks like Microsoft and Intel. There, an MM must not only make a market but he must be a salesman as well trying to drum up orders with large sellers and buyers. On the Nasdaq, it is a very competative market for the MMs to make a profit in. For this reason, only the most experience MM is assigned here by his firm. So, where does that leave the "pinks"? The pinks gets the young, less experienced MM who is often a trainee. Because of that, the MMs are not given too much discretion to go outside their assigned role of making a market in any particular stock. And the idea that a MM or a group of MMs are billions of shares short on CKMX is a complete fairy tale. So, forget the idea that the MMs are shorting. It is just not happeneing.
So, who could be selling. Well, one possibilty which I don't think is happenning but I'll mention it anyways is the off-shore, professional shorters. These people do nothing but short penny stocks. They are well organized and have very deep pockets. They hire the bashers and have many of them to work a stock. They are assigned their stock and their shifts. Also, these shorters have people who do nothing but research on a company or its executives to find out all the dirt they can. Do you ever notice how these bashers have instant info at their finger tips....their researchers are giving them volumes of negative information from which they can draw on. But, the question is would they short a stock with so much potential positive info. coming. One major p/r could break them. You and I would not short here with very limited downside potential. And, the more experience, professional traders would not short here either. They may have shorted earlier , when CMKX was still trying to get itself off the ground. That's an ideal time to short, at the begining. They have now covered largely to save their hide from a potential financial disaster that could occur if the big p/r comes out.
So, there are no real shorts left despite what the official line is.
So, again, who is selling?
How about going back and looking at two events occuring in January. There was a hostile take-over attempt and there was an increase in a/s of 350 billion shares. I feel these two events are tied very closely together. I feel that, in order to block the take-over attemt, Urban placed these shares with insider investors with the promise that these shares must be sold back to the company. It worked and the take-over was stopped. Now, Urban is buying back these shares. Is he buying back all these shares.....of course not, Urban would have bought a large number of shares himself so as to lock up at least 51% of what he feels is necessary. Much of the remaining shares are being bought back at a pre agreeded price of .0004. The run to .0012 was simply a case of the stock getting away from them and they were force to come out with a "fluffy" p/r saying their drill results were only marginal in order to get the price back down to the .0004 level.
When Urban is finished with the re-alignment of these shares, we shall see the beginning of a major bull market in the pps.
Also, remember, this is the world's largest diamond field and the big boys are shut out. BHP, the owners of the Ekati mine in the Northwest Territories announced on Thurs. that they have turned down a take-over offer from an Isreali company wanting to get into the Canadian diamond play. BHP said they are making a great deal of money in diamonds and wish to expand there operations in Canada.
The big boys want our shares. We hold almost 1.9 million shares and we can't do it all ourselves. Look for the money to start to come forward......
I don't really care about shorts or who is selling or buying....I don't care where Sterling spent his holidays....I don't care what date the dividend is payable on......all I know is we have the claims and the big boys want them......just show me the money....
Sorry for rambling on and its all just my opinion of course....and, as I said, we have the land and the big boys want it....yes, yes, yes