A very interesting RB CMKX board post:
By: snoof_77
24 Aug 2004, 09:14 PM EDT
Msg. 501522 of 501730
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300 Billion AS Increase
In my opinion, it is a strong possibility that the increase of 300 Billion authorized shares of CMKX is more to do with the CIM dividend, and the CIM share structure, then it does with the share structure of CMKX.
I believe each move by Roger Glenn is being calculated with precision, and with the best interests of CMKX and its shareholders at heart. Notice how the increase in authorized shares was executed on August 18th, one day after the last chance to purchase CMKX shares in order to be eligible for the UCAD dividend?
The increase of authorized shares was obviously done so that the shares can be issued, but strategically done after August 17th so it would not dilute the UCAD dividend. Urban had already proven that he was sensitive to diluting shareholder dividends when he put up his 40 Billion shares with respect to the Nevada Minerals agreement.
The key here is that the issuance of these shares prior to August 27th allows for the unknown recipient of the issued shares to be eligible for the CIM dividend. And why would Roger and Urban now be willing to dilute the CIM dividend? Only conclusion I can come up with is Roger and Urban know the legitimate outstanding share, and naked short amounts, and must see something of concern with respect to the percentage of ownership of CIM after the share dividend has been distributed.
If this theory were correct, then I would expect the increase of 300 Billion CMKX shares to be only temporary. The shareholders of record date for the CIM dividend is August 31st.
JMHO
Keep the Faith
Snoof_77
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Longs, I second the motion; KEEP THE FAITH AND BY ALL MEANS MAINTAIN YOUR FOCUS! Do not allow the current smoke to blur your vision of the tremendous potential contained within CMKM Diamonds, Inc.. IMO this will indeed prove to be "the stock play of a lifetime". We are at the bud stage of a company destined for greatness.
God Bless to all!
Peter