Just a reminder, UCAD values CMXK at $775 million NOW...
UCAD is drilling on or around CMKX mineral rights land now, they bought 5% of CMKX mineral rights for $39 million, therefore 100% of CMKX land mineral rights are valued by UCAD at $775 million (20 X $39 million--roughly).
Do you think that UCAD is speculating like we investors? Not likely. UCAD just got private funding in the amount of $3 million, just to turn around and purchase 1.6% more of CMKX mineral rights for another $2.5 million. UCAD has the option to purchase up to 10% more mineral rights from CMKX WITHIN A YEAR. Why are they starting to exercise their option now?
Remember 'the shareholder' party is being held by CMKX/UCAD jointly. I highly doubt that CMKX or UCAD expect our pps to remain even remotely close to as low as it is now.
UC was rumored to have told shareholders at races to HOLD their shares, next UC/CMKX tosses us 3 dividends to encourage us to hold our shares. I believe that UC/CMKX/D.R.Glenn want us to hold our shares to allow no room for escape for the naked shorting MMs. I have little doubt that we will be informed of a merger, buyout, or spin-off by CMKX long enough before 'the party' so that we will have plenty of resources to allow us to attend.
Don't become disenchanted now, the game is almost over.
Hopefully we will have the resources to help folks around us that are less fortunate.
Prayers with Grenada, Jamaica, Caymans, Keys, and Floridians.
