Interesting post from other board.
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Found this one on RB:MAXIMUM PAIN REACHED, AND NOW CMKX DISHES OUT THE PAIN
I want to say something here first, and I want everybody to come back up here and read this again, after they are finished with the entire post. Promise ????
I have never been more confident that we are going to make some money off this stock than today. (read that one more time for me please, and again after your finished with the entire post)
Here's what I think has happened since Roger Glen took the job:
Knight has a huge short on CMKX, and decided one way out was to sell their derivatives division (shorting division) to Citigroup, Citigroup cut a deal with CMKX at the meeting in Saskatch to help them out of a jam with their huge short that Knight created. (I also think the HMFIC of Citigroup is friendly with Debeer's and that's how they got the deal with Knight, but we'll touch on that around a bar stool later) CMKX increased the O/S 300 billion and sold those shares to Citigroup for a fixed price (lets say .0005 for example) in order to help cover some of their short position. Also with the agreement that CMKX gets to buy the 300 billion back for a fixed price (lets say .0002)
Everybody gets home from Saskatch, and here comes EFGI on the .0002, and we watch 100's of billions go through the tape. Matter of fact, we see right around the magic number of 300 billion go through at .0002. EFGI was the MMer used to get the shares back from Citigroup into CMKX's hands. EFGI was contracted on a per share commission (ex. they get each share at .00017 from Citigroup, and sell that to CMKX for .0002, and they keep the vig.) The result of that deal is as follows: Citigroup was helped out, and they owe us a favor, and, AND, CMKX put 90 million in their pocket, did not increase the O/S, because after CMKX bought the 300 billion shares back, he set them on fire. Nobody to be the wiser. (except a few dumb rednecks that sit patiently and watch close enough to see the grass grow)
How are we sounding so far ???????????
Now, something has popped up since Roger took the reins, and the Citigroup deal was done. We have a new little helper on the horizon called SHO. Guess who is in a big jam now? You got it, the DTC. The huge volume that you have been seeing at one is a booking issue with the DTC I think. When asked at the beginning of the month, how many shares I thought would have to pass through to get that cleaned up, I said hundreds of BILLIONS. We are not even close to that yet, and I don't think CMKX stock price is going anywhere until that happens. I know, I know, I want to get paid yesterday already also. But, its not CMKX's fault, or Roger Glens fault, that the DTC is dragging their feet. They looked like they were going to play ball on the 40 Billion share day we saw on the 9th, and the 15 billion share day following. But then the next week comes, and they are really dragging their feet. One of the reasons I suspect the slow down in the volume was it's obvious nature. It doesn't take a genius to look at a one year chart on CMKX and ask the question, "What happened here?" as Mikey points to the huge flashing volume spike of 40 billion shares that day.
What I think happened on last Saturday with the PR about CMKX buying back the 75 billion shares was the first real pressure Roger Glen has put on "The big boys" since he has taken the job. What that PR said, was, hurry the heck up !!!! We are not going to wait much longer. (See movie, 13 Days, when the guy playing McMaron said "this is Kennedy speaking to Kruschieve in a language you morons don't understand" and I know the spelling is wrong on the names) Most investors could also then attribute the DTC passing the shares through the tape at .0001 to something like "CMKX is selling shares", or "CMKX is buying back the shares" etc. All a bunch of bunk, becuase if you read the PR closely, like us stupid rednecks that can spot grass growing, you can see the word RESTRICTED SHARES.
From the PR, the DTC has another group screaming at their heals now also. It's the MMer's. That PR not only told the DTC to hurry up, it also brought in more retail buyers in the last 2 days, and that is making the short worse. So now the DTC has Edwards and Angel, a bunch of market makers, and some grass watching rednecks watching them very closely. Kind of ironic, that if they print a bunch of volume again like the other week, they are going to be even more under the microscope. So do you see how the pressure is finally building for the bad guys? The more they drag their feet, the more boxed in they become, the more they hurry, the more light gets shinned on them, more the short grows....................
I also saw today for the first time since watching the trading in CMKX, a very large amount of washed sales and matched orders. See, what is happening is the MMer's are holding the price here for the DTC. Now listen here, and this is important. If you watch the tape, you will see what I am talking about. Say a buyer comes in for 26 million shares at .0002, right after that, you will see 26 million shares pass the tape at .0001. What the MMer did is sell the 26 million shares short at .0002, and covered it imdiately after at .0001. He did this through his own accounts. That is a washed sale, to keep the price exactly where it is, and not increase the short for the MMer's. I promise, the MMer's can not do this for very many more days, because the Red Flags went way up on that today, HUGE !!!! I think almost 80% of the buy orders today where washed. And everybody in the business knows you can't do that for but just a little while, before Joe Blow public comes a knockin on your door. Another sign of desperation, and pressure.
Getting good now. If they don't get moving tomorrow, I bet Roger is going to put some more pressure on them. I bet another PR like, somethng simple, "oh, by the way, the 75 billion shares CMKX just bought back, we set those on fire, their gone" Now more retail starts buying because the O/S was just officially lowered, time gets shorter, SHO is 7 trading days away, DTC needs to put a couple hundred BILLION shares through at .0001................
The show has finally started, and we are about to get paid for watching for so long.
Now here is a rumor from me, and this is a rumor, only a rumor, you know, heard it from a friend who, heard it from a friend who..........(didn't REO Speedwagon say that?)
The DTC got a jingle from somebody pretty high up today, telling them to 'get r done'. I bet we get some pretty heavy printing at .0001's again.
Final note to watch for.....when you see SBSH or JEFF show back up on the market in CMKX, then the price moves.
Summation of what has to happen before we start happy dance?
More shares go through at .0001 for DTC booking, alot more
More pressure PR's from CMKX if that is going slow
SBSH and JEFF show up on the market
Maybe a filling after they show up
We are off to the races
All of this is just my opinion of what looks to have happened, and to be happening. Don't make things complicated, they're not, they're just being really sneaky in order to keep legitimacy in the US markets, because this situation that the DTC has gotten itself into, and the naked shorting is really pooched up. I don't think the short position has been resolved in CMKX. AND don't get the printing of shares at .0001 mixed up with covering the short, it has nothing to do with the short, it is a booking issue only. The short is alive and well, Just because we helped out one of the big shorts, doesn't mean the short is gone. I also think that big player is long now also.
Alright, you promised you would read that paragraph again for me.
