Replies to post #41806 on CMKM Diamonds Inc (fka CMKX)

[joesixpack]

You're right Zen.. seems Knight's company was degraded fm a buy to a neutral... and their shares prices have fallen dramatically... unfortunately I dont have the link to the lynch company that downgraded them... but this is awesome news for the penny stock companies... if they close that damn loophole.. we all win as investors...

[killerprincess]

Zen, I am new but have read all your posts since I bought into this cmkx game. I think you have the crystal ball on this stock and I for one can not wait to see this play out in the LONG run.

[stock_hippie]

zen-vesta?I SMELL NITROMETHANE!!!!!!

[bluediamonds]

CMKX = LOW O/S = HIGH PPS!!!

Marley
Diamond Hunter


member is online

Posts: 12
Re: STERLING: "Wouldn't surprise me OS less than 100M
« Reply #20 on: Today at 11:41am »

--------------------------------------------------------------------------------
THIS IS JUST MY OPINION, and you certainly don't need to believe it, but I've mentioned it before on this board. I think a very low outstanding is certainly a possibility. I'm not a pumper, I'm a CPA who has worked in the financial/business world for many years. I was an auditor for many years, so I have a tendency to be skeptical. But this is the best upside potential I have ever seen with the smallest downside risk. I am willing to take this chance in a big way. The amount I have learned from other CMKX posters on various boards is worth a lot to me. So whatever happens, I won't feel like I've lost.

I have worked with many small business owners who work so hard to make it. They work so hard and often fail because of things outside their control. When they can smell victory, they know they were the ones who always believed in themselves, they had been doubted by so many others. Most of the time they did most of the work and don't feel they owe anything to others, except those who believed in them (longs). I am very strong on my feelings toward CMKX. To me, like many others have said, it appears it could be a chance of a lifetime. But this is my opinion and I'm glad Sterling is proposing an outstanding that I think is VERY POSSIBLE.

I agree with Sterling's analysis. I think there is a good chance the outstanding is very low. I also think UC KNOWS he's got something really big in CMKX, maybe far more than we could currently imagine. I think we all agree he could not have gotten Glenn unless he had something really special, and I don't think he needed Glenn, specifically, if he didn't have a fight to settle with the MM's (SEC Connections).

First of all, I believe UC found out he had some exceptional property with a lot of value. Nothing official, just based upon some confidential outside expertise that wasn't reported to the public. Then he realized he needed to get back his shares so he could get as much of the ownership as possible. Why give away millions/billions of dollars when you can buy your shares (potentially worth more than $1) back for .0001 or less. He knew his shares were ridiculously underpriced. He did all the work. Why should he give away millions of dollars. If the outstanding was 30 billion, all he needed was $3 million or less to buy it all back if the price stayed at .0001 or less. (Even today, assuming UC's property has the value, if UC wants to screw the naked shorters, why not borrow enough money to buy enough shares to get the outstanding down really low, since the price is only .0005. He knows the value of his property. They seem more than willing to keep shorting the stock. They're not playing fair. Buy the shares down to near zero and wait for the valuation.
The naked shorters will be screwed.)

Some people have posted that he comes from money, so if this is true, I think he could get that kind of money. Especially, if he had something potentially worth billions. When he started retiring shares at the end of 2003, he may have been trying to buy back the outstanding to zero so he would have total control of his dream. I know some people on this board disagreed with me on a previous post when I used share buy-back and retirement interchangably, but the only way I know to retire shares is to buy them and retire them. In any case, this is the usual way to retire them. Where else are they going to come from? To an owner who has all the stock, it doesn't matter if the outstanding is a billion shares or a 100 shares. They're all his. So I believe he may have kept buying the outstanding until he reached a point where he was real close to eliminating the outstanding and his shares were still being traded in the billions. This got him very angry and he new he needed big time help to deal with this.

He could document this and show it to Glenn. It is not hard to get all your filings and sales of stock and then get all your purchases together on a spreadsheet and give Glenn a copy of your spreadsheet along with the supporting documents and go meet with him. Take your CFO or outside accountant along for credibility. Unless he went to Glenn with a pretty locked up argument, I don't think Glenn would take the case on. UC also was able to communicate with Glenn about the value of his property, or Glenn probably wouldn't have taken on the job either. What would be the sense of taking on a potentially historic battle fighting the MM's for a valueless company. Not too likely.

As time passed UC had more info on the value of his property to obtain additional funding so I don't think he needed to sell more stock. I think he is keeping a low profile with press release information because he knows the MM's will keep shorting his stock and the price will not move as it should. I have watched level 2 for several weeks now and I know that everyday there are way more buyers of the stock than sellers, so why shouldn't the price go up. Instead, it goes down. When the price went down from .0010 to .0005 after the so called "negative" press release. I watched level 2 almost that entire day, and there was no reason, based upon supply and demand, that the price should have gone down at all. Some days it looks like on level 2 sales at the ask price outnumber sales at the bid price by10 or more to 1. Look at level 2 today, the first 80 or so sales were at .0005 and most have been at that price. Why hasn't the price gone up? What is the sense of issuing significant press releases into that?

My guess is Glenn was hired to orchestrate the whole process so the owners would get fair value for their investment and the MM's/shorters would pay for their past deeds.

I think everyone should hold their shares because it appears this info will be released soon. Please understand that an attorney like Glenn will make sure his i's are dotted and t's are crossed so delays and changes to timeframes are likely. This may be why some of the so called important dates have gone by without significant events. Glenn may be slowing things down because he wants things done a certain way. I believe you can already see some of Glenn's influence in the recent press release. The press release about the arial survey was better written and included a statement that buildings and equipment were considered in determining the number of anomalies. He was trying to to answer critics before they could ask the most likely questions. Don't get frustrated and sell before something big happens.

How many shares outstanding are there? I'm not sure and I don't know if it is final yet. I would think UC is meeting with Glenn to determine what the appropriate outstanding should be. At their level of financing, I think it is easy for them to change the outstanding to whatever they want it to be. Especially, if they have bought it down or close to zero. UC may have to sell shares to get the outstanding where he wants it. I loved Sterling's post, that UC could make the outstanding 1 share or any other number, because it should have put the naked shorters on notice. I think UC and Glenn will arrive at an estimated likely value for the company, and determine an outstanding that would put the per share price at a level that will punish the naked shorters but will not create such a hardship that paying up would be impossible. Certain naked shorters will be punished more severely. As Driller has said recently, this is a form of war!

That is my guess on what has occurred. I believe I am only connecting the dots, reading between the lines, and filling in the blanks. I'm sure there is much more to this than I am stating, but I think my guess is not too far off.

I very much doubt this is a scam because Mr. Glenn would have had to look at some pretty strong information before he risked his reputation. If we are getting scammed, so is he, and he is smarter and has access to more resources than we do. If it's not a scam, it seems it can only be a winner.

Wish you all good luck with your own theories and I believe you should do your own due diligence and come up with your own theory as to what's going on. Then decide what to do. Just don't spend the rent money because there is always a chance things will not work out until you see the price climb. I just bought 6 million more shares at .0005. I've been buying since December 2002, and I haven't sold a share yet. I am more confident now in CMKX than I ever have been before.

I hope you find this worthwhile.

John
Logged

--------------------------------------------------------------------------------



bubbles
Diamond Finder


member is online









Posts: 55
Re: STERLING: "Wouldn't surprise me OS less t
« Reply #21 on: Today at 11:48am »

--------------------------------------------------------------------------------
Sometimes I have theories and sometimes I have questions. Right now, I have a question for all of you folks who are convinced the o/s is over 100 billion. Have you seen, WITH YOUR OWN EYES, documentation of CMKX having authorized 500 Billion shares? We have people looking for these papers and so far, no one has produced them. Until someone does, the only people whose theories are based on published, verifiable fact, are those people who say that Urban has bought up, and retired the float. I understand quite well, that either way, good things can happen for the company. I am just trying to base my beliefs and expectations on what is known, rather than what is conjecture. Thanks in advance for sharing what you find!

Peace!

bubbles
Logged

--------------------------------------------------------------------------------



Waveslider
Dr. Of Diamonds


member is online



TO DA MOOOON 78,500,000 SHARES HOLDING LONG :)




Gender:
Posts: 238
Re: STERLING: "Wouldn't surprise me OS less t
« Reply #22 on: Today at 11:51am »

--------------------------------------------------------------------------------
I very much doubt this is a scam because Mr. Glenn would have had to look at some pretty strong information before he risked his reputation. If we are getting scammed, so is he, and he is smarter and has access to more resources than we do. If it's not a scam, it seems it can only be a winner.

MARLEY well done

one or the other there is no middle!!!!!

WINNER

http://tinyurl.com/2r864

[meeke]

'zeninvestor32'
HOW do you know when your right?
Answer--When the BASHERS tell you that your DREAMING: sound like some one here tonight?
Thanks for all your time consuming work!!
Will the last BASHER leaving please say GOOD BYE!! HA HA EOM

[coalesce]

Z,

Precedents have to be made sometime. I agree.

Of all the "scams" in the stock market, I believe we may help cure the biggest of all.