Just a suggestion.
Please take it for what it is worth, just my opinion and suggestion. It may not be the most popular post your're going to read but it may help light a fire under someone to find out what is going on since Monday's pr.
The enormity of what the o/s COULD BE for CMKX is beyond what the market has ever seen to my knowledge. In August (after the Canadian 'fishin' trip meeting), they quietly incresed the A/S to 800 billion. Then soon after this A/S increase, 2 dates came in August which entitled CMKX shareholders for stock dividends.
It is clear at least from the payments which have gone out months ago that dividend payment was based on an O/S b/w 770 and 780 billion shares.
To me that means it didn't take them long after putting out the Canadian campfire to issue these new shares to the market.
However, picture yourself as a market maker now flooded with more CMKX shares than the market can bare. Here is my opinion and I know it won't be popular, but the MM's had no choice but to keep a bid on this and hold it at .0001 as long as possible. I believe with all enforcement that is being done they could not jeoparize their companies by continuing nss. Further, with a world record amount of shares flooding the market the walkdown had to be very slow to prevent losing the bid back in the late summer. And yes the walkdown was oh so slow because it had to be. Imagine how long it takes 300 billion new shares to enter the market. A long time---many, many trading days. Dozens.
Retiring the 75 billion back in December moved the stock not at all. MM's kept it at .0001/.0002 where 95% of the people could only buy at .0002, and 99.9% of the people could only sell at .0001. They make a nice profit legally short selling CMKX and keeping at least some type of market together at .0001/.0002 to fascilitate their game.
It was only a hunch, but was I was concerned on Monday and mentioned after the pr to watch for new share issuance. If you are the company and have 75-100 billion shares available for issue, then the news of 2 days ago would be one sure way to induce many, many buys at .0002. As we saw volume was crazy, most at .0002. And if new shares came to the market, MM's now have to try to manage and sell another large amount of shares. The only way they might be able to do so efficiently at this point is by selling at .0001.
I know many don't like this view, but use my suggestion to prove me wrong and my point moot.
My suggestion is to call the T/A, Andy or preferably any market maker for CMKX. Ask to speak with a trader who trades CMKX. Simply say that the market for CMKX the last 2 days seems odd given the news that came out afterhours on Monday. Then ask is there were new shares entering the market following the news which is the reason behind what we are seeing.
The o/s according to the dividend payouts is b/w 770-780 billion.
If shares were truly retired in December, then the o/s could be 700 billion based on the dividend info and retirement.
In pinksheets more than any other form of tradable stock do I see dilution following news. All I am saying is check out what is going on because I agree with everyone who is saying that after the news on Monday we should be seeing some type of momentum or movement upward without a doubt. It is either an MM game, or a quiet issuance by management after Monday's pr.
Bo
