WillyWizard, This is what I would recommend the shareholders of CMKM do.
They claim to have the largest diamond find ever...and coincidentally, they also happen to be a pinksheet stock. As a veteran of penny stocks, you've seen all the crazy business stories and ambitions from these unscrupulous companies, however none of them have ever come true.
My take on any penny stock is the higher the ambition, the more likely it's a scam. I'm not bashing CMKM, as I do not know their entire story. I have never visited the mine, nor have I talked with their CEO. However, from what I've gathered from mere common sense, there is an imaginary line in the business world that separates "ambitious businessperson" from "audacious crook." I sit back and think, from what I've seen come and go in the penny stock world, is it likely that CMKM is going to be successful? No. In fact, it's probable this company is a scam. I use the word "scam" with great caution. Perhaps it's not a scam, perhaps just a "pipedream." Maybe the company isn't running a scam. But any way you play it, it's doubtful they have anything of any value.
My recommendation to CMKM shareholders? Sell the second you've made a profit. Don't wait for higher prices, take what you can. Even if this company is legitimate, the odds are still in your favor if you sell early. Remember the saying "Buy on rumors, sell on news?" I say, don't want for the news, let someone else take your shares of "Pipedream Inc."
This post was not meant to bash CMKM shareholders, I wish the best. I'm just calling this one like I see it, and believe me, I've seen it before.
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