To Drill, Zen & all. I'm just trying to make
sense of what I'm seeing. So please don't mistake what I've posted today or about to post as a bash. I am simply looking at what I am seeing and some things that have been offered here, and trying to properly digest what we are seeing.
Fact: UCAD still owes CMKX $12 million dollars. They have paid $3 million of the $15 million promised. This has been known and already reflected in the market. They own b/w 8-9% of the claims of CMKX.
Fact: Their pr today is not news, and only points to a future pr stating when a schedule of payments for $9 million owed to them by the Londond Investment Company will take place.
hoby agreed with my earlier post by saying that these two facts are not news and should have no bearing on the movement of UCAD's pps the past few days (especially today).
Fact: UCAD shares will be paid to CMKX shareholders tomorrow, or so it has been reported. This is still to be seen.
So, if these shares are restricted, then UCAD's tradable float remains constant, and thus the mystery of their rising pps continues. If restricted, we who receive the dividend cannot benefit by this current rise.
If they are not restricted, UCAD still has the $12 million obligation to CMKX, and an increased number of UCAD's shares will be on the market beginning tomorrow. Increasing the O/S and tradable float places downward pressure on a stock, not upward.
Finally, to touch on Zen's post about MM's covering short positions in UCAD. Sir Zen, I may be off, but what concerns me is that we are not seeing a cover of UCAD's shares, but the BEGINNINGS of their short play they are planning on UCAD. I've offered why I think it is incredulous that UCAD's price would be rising right now.
If what I am offering is indeed occurring, then for MM's to successfully create a short play, they must first create a HIGHER PRICE and ARTIFICAL MARKET DEMAND for investors to buy UCAD at higher prices. This may be what we are seeing now.
So as MM's artificially take the price of UCAD up, their purpose is to trick investors into buying on the way up, also at these high levels and beyond. Then as additional shares hit the market if our UCAD shares are not restricted, a walkdown can occur.
In the recent past, I simply wasn't seeing the volume for UCAD that would tell me MM's were shorting UCAD heavily. This is the only reason I'm not sure they are trying to cover UCAD at this time. Rather, they are currently creating the market condition that is ripe to short play the stock.
I'm of the opinion we are either seeing step one of MM's true plan to short UCAD (get the price high and investors buying), or something big is in the works that will be very good for all of us.
Again, all thoughts are welcomed, because absent of any communication from the company, it is important in all issues to try to make sense of what we are seeing.
Let it be the second. Zen, you have added so much to the perspective of this play, as all who post here have. All have shown the patience to hold believing in what they have communicated to us to be true.
I hope in the next week or 2, we can talk only about how our lives are blessed and far less about the factors surrounding this stock. : )
Be well, Bo
