GM all. :) BBP and D in the R...
First, the reason I invested in CMKX was their self-touted and apparent potential with all of these claims they apparantly own. I saw value in that and was the reason I put my money here. Also, after seeing how QBID ran from .0001 to .029 on speculation of lesser value than CMKX, I thought CMKX would do the same.
I'm learning quick that history repeats itself in this industry whether it be the companies involved or the government agencies which oversee trading. An important ruling last year was suppose to occur in February 2004 which many touted as "the answer" to all of our shorting woes. NSS would be eliminated and short selling could only occur on an up-tick, not a down tick.
In February of 2004, the much anticipated ruling was postponed less than 48 hours before it was suppose to occur. It was pushed back until early April 2004. Well, early April came and went and as we sit today no apparent effect is anywhere to be seen, nor is this rule even discussed anymore.
Make no mistake guys, SHO is postponed until May. Only because I've been part of pilot programs and rollout can I tell you with surety, a pilot program (or rollout) is the INITIAL PHASE of any new procedure or system. It is only after the pilot period that results will be measured to determine if it will be rolled out on a larger scale.
So to say the pilot SHO will be postponed, but the rest of the SHO will be seen in January, simply isn't correct. I'm not bashing you guys personally because you both seem cool, but your idea puts the cart before the horse. You would never see the entire system or ruling in this case because there is a pilot phase to be tested first.
Look, I know I've taken a tough view on CMKX this week. But if you look at what my posts say, they are consistant with what I wrote in August after they quietly raised the A/S to 800 Billion on us.
I have reviewed the last 2 years pr's for the second time now to see if I missed anything. The reason for my concern is that as time goes on, nothing changes, meaning more loose ends of unanswered questions are just added to the pile. Now again quietly we are learning that claims have lapse and one of those is Carolyn, which was touted by them all spring and summer.
In the past I've tried to develop ways (using the company's input) for we 50,000 shareholders to speak as one.
CMKX/USCA has a fiduciary duty to us as shareholders. Please do not be tricked by those who say, "they are pinksheet company, they owe us nothing". They are a pinksheet company, which simply means they do not report their profile, acitivity and financials to the SEC. That does not give them licence to lie, mislead or misrepresent their company to us or prospective investors. Because such actions are punishable, it's to be seen how much longer the 50,000 will sit quietly while expected date after expected date go by with growing unanswered questions. Given what has occured, it would be a slam dunk if shareholders took them to task legally.
Quietly increasing the A/S to 800 Billion, and issuing dividends reflecting an O/S of over 770 Billion is strike one in my book, especially when you are telling people to their face that you are still retiring shares (also in pr's). Strike two is them quietly letting claims lapse and now seeing the touted claim (Carolyn) up for auction on freaking Ebay.
My trigger got tripped after strike one, and it's pretty clear to see how I feel now after strike two. At .0001 many are stuck holding and like me figure it can't go any lower and will stick around until after the SEC and SFC inquiries. After that point, it should be clear whether they have the goods or a high O/S and have let claims lapse which they touted all year. Hell, allowing them to lapse doesn't even give them the opportunity to make money selling them like Seagrove is able to do now.
Anyway, sorry guys. I always try to call it like I see it. If some pissed off people are what is needed to get some answers from CMKX, then when you read this post or the posts I made this week keep that in the back of your mind to why I've posted like I have this week. They are 100% hearfelt, but with the hope that others will also refuse to sit back and finally request answers about whether we were lied to, or if our trust was well placed.
The squeeky wheel gets the kimberlite.
Bo
