Replies to post #38365 on CMKM Diamonds Inc. (fka CMKX)

[Tavycal]

Links
What gag?

[Tavycal]

Sorry
This statement.

[skunksyard]

janice...

But I find it puzzling indeed that many here seem not to understand that the ONLY person who can issue stock is Urbie. Therefore, he MUST know how much he issued

I don't have a clue about all this shorting stuff but if I read what the folks who say there's shorting occuring that makes X amount available on the market....if UC issued XY shares does the total amount on the market = X + XY? If the answer to that is yes and UC issues a statement saying we have XY shares...and they issue a PR of any substance is there anything to the MM's looking to cover their positions?

thanks

[Al E Gater]

When did Urban ever say he didn't know how much stock was issued?

[jandpg]

That may be the whole point, he does know how much stock he issued. If the T/A say's CMKX has issued 20 billion and Urbie (or somebody with money) has bought 40 billion on the open market, he has somebody by the cajones. If CMKX offered a buyout of say 1.00 per share, wouldn't somebody owe Urbie 40 billion dollars? Anyone could have bought 40 billion shares when the pps was .0001 for six months. The cost would have been 4 million dollars and you would have to buy about 400 million a day for 100 trading days ( about 5 months). I don't want to argue about whether or not this is the way things really are, but is this not true? Maybe this is how he finances the drilling and lawyers, somebody with big money is backing him up. I'm sure there are people willing to risk 4 million dollars to get 40 billion. Just an opinion of the way things could be.