Replies to post #195461 on CMKM Diamonds Inc (fka CMKX)

[Tavycal]

Scruff you are correct in that if there is NO nss in cmkx then it is over imo for anyone who says there is this stuff going on.
Dont take me wrong, with the way trades are facilitated through the internet and online brokerages someone could be doing illegal trading. When it comes to money people are ruthless.

[hasher]

While NSS may well exist, there is absolutely nothing to indicate it exists in CMKX
The records indicate that 1.7 trillion shares of this company were bought and sold over time.
That pretty well eliminates the 2-3 trillion NSS claims. Not possible if there was never that kind of volume transacted.

If you consider that a company with a O/S of 703 billion must have had quite a lot of legitimate trading activity, it doesn't leave much, if any, room for any NSS nubers at all.
Just for a wild hypotheses, what if there actually was a naked short in this stock.. the numbers might be say 2-300 billion.
It couldn't possibly be more because there has to be so much legit trading. We do keep hearing about 50-60,000 shareholders.

At todays etgmf/cmkx converted value, this would work out to about $14,910 per billion or
$3,000,000 to $4,500,000 for 2-300 billion.

4,500,00 divided among 50,000 shareholders works out to $90 apiece

Not really enough to create any real hardships for anyone that would be involved and certainly not enough to replace everyone's lost "investment"

Now, at the rate this stock is falling, combined with the 18 months it's gonna take before anyone could sell their new stock, I'd say they will be lucky to get .04 for the ETGMF stock. This would put that hypothetical NSS value at around 750,000 - 1,200,000.

I don't think that's enough to bring the US economic system to it's knees, as claimed by the CMKX mullet intelligentia.

My point is that all the drama over naked shorting is pointless, "chicken little" style