Codima, Inc (CDMAD)

[es1]

Look at any chart and you will see on Friday Sep 23 there was 763 MILLION shares traded at around 3pm. If you look closely at the price the rest is easy



I can break this down into min on my software. These shares sold for .0000975 all but 80 million that sold at .0001. This is called dilution. 700 million shares went to the MM in Sept they sold to all the suckers who saw "forward split" and jumped in.

Codima Inc. (OTCBB:CDMA), announces that the 1.1 for 1 forward stock split (effective date Thursday October 13, 2011) shall be payable upon surrender of old certificates.

This corporate action will take effect at the open of business 10/13/11. The symbol on this date will be CDMAD. The "D" will be removed 20 business days from tomorrow back to symbol CDMA.

Shareholders who purchased their shares on or before the record date of October 5, 2011 will qualify for the forward split and will receive 10% additional shares.

Existing shareholders will not be able to sell their existing shares for approximately two weeks, after the effective date, depending on how fast their brokers are able to provide them with their post-split shares. The company is urging all shareholders to contact their brokers right away and request that the broker send their shares back to the transfer agent as soon as possible so that the transfer agent can issue & mail out their certificates with the new CUSIP number and the additional 10% of shares.

This will not affect shares purchased on or after the date of the forward, Thursday October 13th. Any shares purchased on or after the date of the forward will be able to be sold immediately and will not need to be exchanged for new shares.

Notice the bold. They made it so nobody could get the split shares unless they were already in the stock. This was a dead stock at .0001-.0002 Why did they need to do a forward split?
The MM did what they do and sold the 500 million shares today and made themselves between 2 and 10 times their money. Lots of bag holders who got in at the .0005-0009 area and dumped at .0003 Tomorrow this could jump again but dont expect to be able to sell till 200 million have moved. After that the pumping will begin to try to get this up to the .004 range again so the people who loaded up can sell. By the time anyone gets their forward split shares this will be no bid and guessing 8 billion A/S.

Remember the 700 million shares put to market in sept are going to get the 10% free shares too so add another 70 million to the pot.

If I was in this I would bail as soon as I could and take the loss. It is going to be a no bid stock and most likely the SEC is going to shut it down and charge someone with something.

DONT SELL ON THAT STATEMENT. DO YOUR OWN DD BEFORE BUYING OR SELLING

ALL IMO