Replies to post #72035 on CMKM Diamonds Inc. (fka CMKX)

[EvilTweety]

Spokes......I believe that the share structure issue is a bit more than just the O/S....among other questions...how many are held by Casavant and how many are restricted? Restricted shares are issued and are part of the O/S number but they are not part of the float - so there are some important unanswered questions - ....I'll just wait and see.

Tweety

[TigerCat]

Spokes,

Is it possible that there is in fact 483 billion shares out there, but many of them will be retired? I've heard people on here talking about the possibility of a buyback/retire scenario. It would explain the lack of information about share structure.

I'd also like to point out that, even if the O/S is 483 billion, it doesn't mean shareholders are sunk necessarily. With even a single profitable diamond mine, the price should go up as hundredtoone hinted at the other day. I really think that this stock needs a diamond find to start going up and share structure is secondary to that (still of big importance, obviously).

Possibly people just like to talk about the O/S because it's an unknown, and because the naysayers like to bring it up. What do you think?

-TC

[Kimberlite]

Wow spokes, very well thought out post and I really appreciate it.
There are many points to be made that the OS is that high and I have my moments where it makes sense but then I wonder about what's really going on.

I am very concerned that when Pedro called E&A on Wed. am to confirm that this info. was released from R.Glenn, he was told to call back later in the day, which led me to believe they would be addressing the situation before the day was over, yet we've still heard nothing except for yesterday's PR which of course didn't refer to it at all.
What it DID refer to is the TDEM tech. that's been used on the properties and it also let us know that permits have been issued for drilling to start. Now what that does tell me is that there IS something in those "anamolies" and that atleast 4 other companies want to work with us on this, as well as Glenn deciding to take us on (because they have knowledge that we don't). I think overall, even if the O/S is that high that this co. will still be profitable (eventually) BUT the fact that Melvin got so mad about the Pacific leak and unequivically stated that it was a LIE, that will bother me a lot if it turns out to be true. I want to be able to feel like I can trust this company and its spokespersons!

I understand how important it is for things not to come out in an untimely manner but I think with this week's developments that to with-hold an official statement about the O/S is WRONG. There may be a later date when it makes sense to me why they've with-held the information for this long but it seems that after the pink/otcbb thing, that it must now be addressed officially or else the only conversation happening on the boards are the OS theories and I'm quite tired of the banter about it. I'm ready for some answers. Also, this 0.0003-0.0005 thing will continue to to teeter totter and I'm quite tired of watching it go up and down within this range.

Let's hope NEXT week reveals much more after the meetings.

I guess that about sums up my thoughts on this for now.
Kim

[Al E Gater]

The day the figure came out on OTCBB I had my doubts, especially after Melvin disputed it so vehemently, and talked about how pissed Urban was. But as more time goes by , the more I am inclined to believe its true, because the company as far as we can see has done nothing to dispute it, nor will they address it in a PR.

If it turns out to be true, then there is no disputing the company has either misled us, or even worse outright lied to us. They have stated to us in previous PRs they had bought back roughly 35 billion shares and retired them to the treasury, this at a time when the O/S was nowhere near 484 billion. So if in fact they were buying back a few billion shares while at the same time dumping hundreds of billions into the market, then it was at the very least an attempt to mislead us.

Now before some of you newbies here that don't know me start calling me a basher, I suggest you go back and read all my old posts.

I own 60 million shares, and have no plan on selling any of them at least until after the dividends. Plus I feel that the news on the new land that we are drilling on is very exciting, and has a lot of potential, so unless I see a pattern of continued lying between now and the end of Oct., when we get our dividends I still probably won't be selling. But if I do decide to keep holding I will be forced to reduce my expectations for the price per share of this stock to increase.

With an O/S of nearly 500 billion we will have to have a valuation of $5 billion just to reach a PPS of a penny.

This will be hard to do even with a large diamond find because we will be splitting the deal 4 ways with our other partners.

So, if it turns out the O/S is that large then I will never trust anything this company says again without being able to verify it independently.

In the mean time I'm going to do just like Melvin said and not believe anything from ANY outside source until I see it in a company PR.

[Comedian62]

Spokes;

OT:
FWIW:IMO: No one has asked the people at the OTCBB just exactly what information our supposed DR Glenn released to them. What numbers/dates, etc. were they given. Think about this. What if the only information that this DR Glenn gave them, was just the "Record Date," which is 08/20/2004, and the "Payment Date," which is 09/24/2004, and the number of UCAD Stocks to be paid in the Dividend.

The people at the OTCBB could very well have done the math themselves, using the A/S, (the only known number they have) which is supposed to be 500 Billion. The computation, using the A/S, and the number of UCAD Stocks issued for each Share of CMKX Stock, would come out to exactly 0.000015 Shares. As we've all seen, especially when working with numbers like this, there are times when we get, what I've seen referred to as "Fat Finger" numbers.

It wouldn't be hard for someone to get the number shown on their site as 0.0000155, which is how those who are doing the math come out with approximately 483 Billion Shares, they are assuming to be the O/S.

This is only my opinion, but it makes a whole lot more sense than this oddball number 483870967741.935483870967741935484 (approximately 483 Billion) that we get using the numbers shown on the OTCBB Site.

We will know for sure what the O/S is by at least September 24, 2004, which is the Payment Date for the UCAD Dividend, and possibly not before.

It's interesting to note that so far the only place an actual figure is shown for the "Total Shares Out Standing (Millions): 684," is on the "Holdings Summary" page on the NASDAQ Web Site.

http://www.nasdaq.com/asp/Holdings.asp?symbol=CMKX&selected=CMKX&page=holdingssummary

Right now, which numbers are correct, or if any of them are correct, we simply do not know. We very well may have to wait until September 24th to find out. JMHO:

[jon_e_og]

FINALLY,

A CMKX LONG WHO ACTUALLY THINKS...GREAT POST. I've been saying the O/S is 438 Billion since it came out, I just can't see it any other way.

If a low OS is the only way this company can make us money, then I think we are screwed

You're right - we need a low float and some diamonds.

[sleiii]

Good point, Spokes.

<<I would like to hear discussion on share structure or other ways this company can be successful, rather than dreaming about a low OS. If a low OS is the only way this company can make us money, then I think we are screwed. I don't believe this, and I'd like to hear other alternatives besides a low OS. Why don't I believe this? Because why would Roger Glenn take on a company with a huge OS and nothing else going for it? R/S seems the only rememdey in such a situation and you don't need Roger Glenn to do an R/S. Something might be going on here, but I don't think it has anything to do with an OS lower than 483 billion. It might have to do with an amazing share structure. But, what kind of structure are we looking for?>>

The most logical answer/solution seems to be taking shape since Glenn came on the scene: a steady overlapping of companies that in my VHO will result in a merger into a single entity AND THEN THE REVERSE SPLIT. I have never believed that a $4,000 investment was going to make me a millionaire. The best that can be expected is a run on hype before a merger comes into play that may make some of the huge positions some serious coin. The rest of the truly longs are probably looking at 1000s (or 100s) of UCAD shares instead of their several million CMKX