At the risk of interjecting myself in a lose/lose situation where people here can accuse zen of bashing when he raises concerns any thoughtful or experienced shareholder of any company should have, I do have some thoughts on this.
I have invested/traded full time the last 6+ years only in hi leverage, earliest stage mining exploration companies in precious metals, commodities, and even diamonds (ABER, SWY.V). In this time I have owned more than 300 such companies. But none have ever had a price of .0001 before, which is where I did most of my buying of CMKX. Many, though, have been at .25 Can or far less.
I can tell you with an absolute certainty that the way CMKX has been acting is not typical in any way of this industry. The complete lack of news of any substance, which all of us including me try to invent plausible reasons for, is completely out of my experience in the cut throat industry of first stage miners, where keeping secrets is very important. For example, I cannot imagine any reasonable explanation why we have not even been given a report about how much drilling they might have been doing the last 8 months. What can that have to do with the SEC or Roger Glenn or anything? And for those who think that the reason for the lack of news is because it is a pink, I ask you to look at a wonderful miner I own- AFLUY.
What I am leading to is that with Glenn’s participation, for which his career and entire firm would be at risk if there was anything shady going on, I do not think the problem is remotely that the company is a fraud. But looking at how shore gold has methodically gone about building a company, telling its shareholders and the world what it is doing, acting maturely in its business practices, that the immaturity of CMKX and its behavior makes it seem that it is a fraud, or worse, grossly incompetent. That Topo is still somehow connected to the company, when in a reasonable regulatory environment he would go to jail (yes- jail), proves that management shows little sign of maturity or even that the mining company has anything like the allure of racing cars and visa cards. Can you imagine a gleeful shareholder having gone on management trips with Jack Welch when he was CEO of GE?
I think this might work out in spite of management, and I will never sell my 146 million shares, but for anyone here who thinks what zen is saying is not the exactly the right way to think about any investment, I hope you take the money we hopefully make form this and never buy a stock again.
Remember, the markets are completely gamed, and only exist to take money away form the small retail investors. And the people who are not alert will always be shorn first.
Alan
AI
