BadBass, I never thought I'd see the day
where I say...I have CMKX on close watch.
LOL
Here's the skinny IMO. My last post about CMKX mentioned simply they HAVE to gain credibility QUICK and the only way to lay a foundation is to file. I have no doubt IBM strongly recommended the same whether the filing is good, bad or ugly.
The thing I cautioned about way back, when I wasted 100% of my time following this stock is that just because they file, does not mean it will rise above .0001/.0002. There are a quite a few companies which report and trade under .0005.
If there o/s is 770b and they have nothing to report of value from the FALC region, it may go to no bid. But at least that is a base to start from and grow from there. On the other hand if they report <100b o/s and that efforts have moved beyond drilling 2 inch bore holes, then it could move to the level it did last year (.001-.0013).
But value is the key. With it they move. Without it they don't.
Knowing the o/s and land value is a key start even if it's ugly.
IBM has shown me more in 2 weeks than I've seen from the 2 years of pr's we were supposed to look at.
Action, not words grows companies and stock price. So far Mr. Meheu is 2 for 2. First, is replacing or supplying Glenn with true high powered attornies. Glenn's past seems he is more a theoretical counsel (brains behind the braun), than a strong results oriented attorney. Second, is what appears to be a step toward filing. Damn good in my opinion for being on board 2 weeks.
I'll be watching them for sure. : )
Bo
