DeBeers owns approximately 58,000 acres of mineral claims that they have admitted to being worth at least $40-80 Billion dollars. CMKX owns approximately 1.4 million acres of mineral claims surrounding the claims of DeBeers, which is more than twenty times the area mass. CMKX has stated they have “hundreds” of possible diamond or other mineral sites that have been indicated by modern technology. A low valuation for this company looks like it could be in the neighborhood of $800 Billion dollars or $1 per share if there were actually 800 Billion REAL shares in the market, and even if the company was only worth one 10th of that valuation, shares would be worth at least 10 cents each. Yet the company is trading at 100th of a penny per share.
Shareholders have held onto shares through thick and thin, with some holding more than two years. If shareholders hear a valuation of $1 per share, they are not going to give them up for 100th of a penny. How is the market going to buy back the other 700 Billion shares from shareholders to clean this problem up so they company can go about everyday business as a company should be allowed to do and investors can make the profits that they have a right to? Well, someone is going to have to shell out Billions of dollars on just this one stock, possibly 100’s of Billions of dollars! How many more companies are there in this same boat? There are other companies with problems from naked short selling like Overstock.com, Eagle Tech Communications and Krispy Kreme.... how big is their problem?
This could ruin our markets! This is not conspiracy stuff, the SEC has admitted that naked short selling is real and exists in our markets. Can our markets afford a several Trillion dollar hit to clean up all of this fraud? That’s what is coming if they don’t act on it right away.
As far as throwing the market trillions of social security dollars by way of privatized accounts……. NO WAY!!! We cannot allow this to happen until the markets are cleaned up and we can be sure it is a level playing field.
America wants to know:
Why doesn’t the SEC just stop the nonsense and come clean? Let’s work together to stop this crime and stop the money flow out of our country, our businesses and our individual pockets!
Sincerely,
The TEAM
My posts my opinion only, make your own financial decisions.