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janice shell

09/03/04 4:05 PM

#91490 RE: Cali8888 #91485

No, don't think so. The meeting was in the middle of the summer. People are away, the market's lethargic. If they'd issued just one PR, they wouldn't have any ammo left.

I think they SHOULD have put all this stuff out at once, but evidently they think it's more effective to do it this way. And as you've seen, that's turned out to be true: CMKX got a little bounce yesterday, and it's holding it today. Another plus is that doing it they way they're doing it, they can still keep a great deal of information undisclosed. I think they want shareholders to be confused, and they've pretty much succeeded in that.

Also: there are a lot of momo players in CMKX. If they don't get news at least every once in awhile, they sell and leave. This series of announcements seems designed to keep people invested in the stock until the end of October at least.
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chisox pat

09/03/04 4:12 PM

#91497 RE: Cali8888 #91485

Not that you want my opinion Cali, but they released the PR when they did because volume was starting to drop considerably. Releasing the PR yesterday sent volume from 1.2 billion the day before to 4 billion yesterday and 2 billion today. That would equal 3.6 billion extra shares traded (mostly buys) at .00035 or 1.26 million dollars. Immediately after the meeting, volume was still in the 2 bil daily range so no need to release at that time. Also they needed time to move the SGGM pps from .001 to .01-.02 and make it look like it had been there for a while. IMO