One Step Ahead

[Bo14172]

Sugarpaw, thanks. My reply to his post
went basically unnoticed..lol. The mods of that board are good, but there are just too many members posting crap or other comments that it's understandably hard for them to keep up with it. The mods did come out again this week asking for 'less crap' which is all they can do. It's a good board but has characteristics which make it hard to have a decent debate on an issue.

Nonetheless, here's my reply which corrects, and some may say mitigate the point GB was trying to make:
_______________________________________________________________
Bo14172
Diamond Hunter
member is online

Posts: 16
Re: *No theories, just questions about the 10QSB
« Reply #47 on: Today at 09:19am »

--------------------------------------------------------------------------------
Good morning all,

George, I know it was very late or very early (depending on how you look at it..lol) when you wrote your post.

I just want to point out one correction, then offer a point of further discussion.

You assumed in your first 'known fact' that the pre-split O/S for UCAD (USCA) was 21,201,022, and that the post split O/S is 63,603,066.

However, we have to look no further than the first page of the 10QSB to show us the pre-split O/S total. Quoting from the filing:

- "As of September 30, 2004, the issuer had 63,603,066 shares of common stock issued and outstanding." -

It was on 10-13-04 when UCAD announced their forward split and it was on 10-27-04 when this split became effective.

http://www.uscanadian.net/news.asp?news_id=64

http://www.uscanadian.net/news.asp?news_id=67

Wouldn't it be correct to state their pre-split O/S was 63,603,066 and their post-split O/S is 190,809,198?

I contend these would be correct, and depending on WHEN the 7,500,000 dividend shares were accounted for, these numbers could correspondingly be higher by the dividend amount. If they were accounted for before 9-30, the above numbers would be accurate. If accounted for after 9-30, then the pre and post split O/S figures would be a bit higher.

The other point I wanted to mention focused on the first point you brought up within the 10Q about Urban and his relatives by blood or marriage being able to buy PRE-SPLIT SHARES OF UCAD FOR $1.67.

Must be nice.

I just deleted a mini-novel of my take on this. I'll simply say, this is either a good thing, or a deal that leaves me with more questions than answers.

Either...
CMKX and UCAD/USCA by this transaction are showing how closely they are working together over time to create synergy and combine efforts.

Or...
May involve something I'd rather not mention, but is being looked into as part of the current inquiry.

My money and trust are placed believing it is the first scenerio and not the second.

Be well,

Bo