Brig I forgot to put this guy in our poll. Let the spin begin.......
If it has been confirmed that the A/S (authorized shares) has risen to 800 billion as of 18 Aug 2004 then the A/S has risen. From the outset I think it sucks that we had to learn this from our own research and not through a PR from the company. None of us like this, but we do need to try and understand this.
What could be the possible reason for raising the A/S unless you were intending to raise the O/S to a higher number than you already have authorized? In my opinion there is no reason other than the O/S is increasing. Is this good or bad?
The question then becomes why would the O/S be increasing if we are being told by Melvin that the retiring of shares is still going on? When we look at the date of the alleged increase of the A/S from 500 billion to 800 billion the major event surrounding it was our CMKX team (Urban, Roger and company) in meetings in Saskatchewan with our Joint Venture Partners and God only knows who else. Also we were to begin drilling on the new target while all parties were there and D. Roger Glenn was on hand to help us become fully reporting.
There is more at stake here than most realize and that is that these JV Partner companies, UCAD, GEMM, Nevada Minerals, etc… all have an investment in CMKX and the decisions that are made. Any unworthy share distributions that would dilute their investments would not be beneficial and they would have something to say about it and we are trying to make friends not piss them off.
When we realize that this increase was made at the time we are meeting with these companies in Saskatchewan, it stands to reason that the increase in the A/S would have come if we needed to issue more shares possibly to enter into purchase agreements with investment companies and some of the junior mining companies with claims in the Saskatchewan region. If this is the case then it is understandable because the dividends and claims we receive from these other companies
Issue another 300 billion by Urban and Roger to protect from a possible take over as the O/S could be 500 billion and the float could be near 250 billion making the threat for a takeover unnervingly close to a possibility, therefore you increase the A/S by 300 billion to give a safe zone from a potential disgruntled investor swinging the tide and making a takeover a possibility. This is a possibility with all of the purchase agreement we are entering into.
Also if the O/S is only 350 billion then we could actually have Urban setting us up for a forward split of 2 to 1. This is not an impossibility if we still have the MM’s on board and Urban and Roger are wanting to shake them up again.
Just some things to think about.
Hold on until we get some clarification from the company on this. If it takes a week or a month or a year I will hold. I believe we are in great shape and some investors that are panic selling today will be regretting it down the road.
Other ideas and constructive thoughts are welcome.
Just my opinion and I ask that you treat it as such.
Dr.D
BECAUSE YOU CAN READ THIS, THANK A TEACHER. BECAUSE IT'S IN ENGLISH, THANK A SOLDIER.
AI
