ZEN: Thoughts of an Experienced Mine Investor:
I have held 146 million CMKX shares for more than a year and have always been a strong believer in CMKX. I have no plans to sell any shares now.
But my frustration and concerns are growing very rapidly. In the last 5 years I have invested full time in very early stage junior hi leverage. very speculative mining companies in gold/silver/copper/uranium/oil/moly and other commodities. I have owned 2 other diamond companies before CMKX (SWY.V and ABER). In fact, I have owned more than 300 of these companies.
I can tell you that the behavior of CMKX is unlike any other company I have ever owned and not in a good way. The lack of any real news is completely at variance to how reputable mining companies operate and the lack of news on core samples or even whether there is drilling going on at all is not right. When you buy an early stage junior explorer, you know there is risk and many will not survive for the few that go up 50-100X. But I have never had any go out of business for lack of information. It is not right.
Now we find out UC and Rendal have bought homes worth more than $5 million while tens of thousands of stockholders have gotten crushed. Since the companies produce no revenue, where did the money come from? Frankly it is disgusting.
The facts are that the SEC/DTC/MM’s and offshore hedges are trying to destroy the company to avoid covering their short. On the other side there has not been a single fact of real information released form CMKX on any matter except for the O/S, which was forced from them.
I am profoundly grateful that Dan and GB are hiring a lawyer and I will gladly pay whatever it takes to try to belatedly protect my investment. There are many here who have always said that UC has our best interests at heart as if he were somehow a benevolent father to all of us. There have been many rumors about tenders, buyouts. The facts are that none of these have come true and there is not a single fact that has come to light to support any good intentions form UC or anyone else. That goodwill from UC has come from offhand statements at races or has been put forward in the mind of hopeful shareholders including me.
In fact it is the shareholders who have put in 100% of the goodwill, integrity and honesty to this company and I am sick of it. This I know. Having a lawyer who solely is loyal to us and represents us will make it much harder for the SEC or CMKX to cheat us.
Alan
