Narvo, thanks and let me add to what
I stated.
To review, if we are to believe in what the company and its representatives have said in PR's and in response to direct questions, share retirement is on-going.
When the "Joel incident" of 400 billion O/S occurred, Melvin came on IBC Radio and was very adament that the O/S was not 400 billion, clearly inferring it was less. Again, I do not have the link to the referenced post, but I do recall mentions of Urban stating that share retirement is still happening.
Urban even went so far as to sacrifice 40 billion of his own shares in the Nevada Minerals deal! This act shows his concern about NOT DILUTING his shares. His ACTION is consistant with what the company has said and published in PR's.
With that in mind, go back and read my last night's post, then come back to read my further thought about this.
FURTHER THOUGHT:
So, in my last post, I am saying I thought the O/S was between 150-250 billion, which we would all kiss the ground for at this point...lol. The main point of the first post was to say that the filing to authorize an additional 300 Billion (800 Billion Total) was a bluff, meaning even though it was authorized, they have no intention of issuing those shares. This would be GOOD for CMKX, because their goal of share retirement would be advanced, because shares can now be retired at LOWER PRICES.
Here's another reason for doing so. People have been concerned about a take-over by a larger player, such as Debeers. Nothing CMKX has said or written conveys they want this to occur. In fact, a take-over for control of the company may be to our detriment and detriment to the company. What better way to ensure this cannot occur than to have the ability to buy enough shares back immediately, so that CMKX (Urban) remains the majority shareholder. Thus, if you believe what I am offering, it serves 2 purposes.
1) The bluff has caused a drop in price (for now) to allow for a final round of share retirement at a bargain.
2) The authorized shares lay in abeyance as insurance shares, in case of an attempted hostile takeover. If such an attempt occurs, CMKX (Rrban) can easily regain control by issuing and buying enough shares in the bank of shares now authorized, protecting us all and the company's efforts.
Again, all I remain very cautious at this point, and the above and my previous post is only my opinion, and should be taken as such. Each investor is reponsible for his/her own investment decisions.
Be well,
Bo
