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Oct 21, 2004 11:43:53 GMT -5
Post by azesm on Oct 21, 2004 11:43:53 GMT -5
zeninvestor: ROGER GLENN is a HINT OF EPIC PROPORTIONS!!!
Posted by: zeninvestor32 In reply to: ddfridd_007 who wrote msg# 48882 Date:7/9/2004 9:21:43 PM Post #of 49006
DDFRID, Thank you for the link. Definitely an interesting perspective. There's a lot to nod your head at. My only point of difference would be that Roger Glenn was kind of sandwiched in there like he was the next logical step for Urban to take this forward. IMO, this was not so much a logical step as it was a HIGHLY unusual move for any junior mining pink sheet. I do believe that Urban had to have something SUBSTANTIAL at that point for Roger to have agreed to represent him. That link was a good summary but it made the step of hiring Roger seem like just one logical step in a junior miner's quest for legitimacy. And IMO it was not. IMO something happened to make this step possible because otherwise it would not have been. IMO junior miners on the pinks would have continued working with local counsel like Thomas Cook or other attorneys perhaps willing to take shares in exchange for their services.
But for Roger to step in was extraordinary IMO. The bashers can chant all day "Lawyers will do whatever you ask of them if you put enough money in front of them. Look at Enron." Whatever. I know large, prestigious law firms. I worked for four years in one of the largest, most prestigious firms in the world. It's like the pros versus college when you step up to that level. Partners at these firms are power players. Heavy hitters. This was not just a step towards legitimacy IMO. It was Urban screaming "GOOD LORD, YOU ARE GONNA SQUAT DIAMONDS WHEN I TELL YOU WHAT I HAVE."
Again, I liked the post. I just think it underestimated a little the importance of Roger Glenn stepping in. It made it seem like we have a long way to go when my belief is Roger Glenn would not have accepted this case if there was a long road of uncertainty ahead.
But thank you. I enjoyed the post.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
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Oct 21, 2004 11:45:31 GMT -5
Post by azesm on Oct 21, 2004 11:45:31 GMT -5
ZEN POST www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=74756THE TURNING POINT It is my belief that today marks a critical date. After today, IN MY OPINION, you will never be able to own shares of CIM again until they debut as a publicly traded company (IMO on a higher exchange). It all depends on which theory you think is most viable (which I know appears to be a crapshoot these days). But if you believe the theory that significant CMKX holdings (if not all) will be folded into/rolled up into/merged into/etc. through CIM, then you will not be a shareholder of record after today eligible for the CIM dividends. There are some that believe the short squeeze will take CMKX to great heights for short-term profitability and then, KABOOM, CMKX either dissolves or continues to exist only in a minor form while the bulk (or all) of assets end up under CIM. And then not only have you profited in the runup on the short squeeze short-term, but because you now already own the CIM shares, you will be assured of great long-term success as an IPO with proper valuation brings CIM to the market at an unspecified later date. Both short-term and long-term success for shareholders. All of this of course assumes you accept this theory. And if you do, then today marks the true turning point. You will no longer be a shareholder of record on the company books for the August 31 record date for CIM shares after today. IMO, it is very possible that Urban had to sit on news until this happened. Let's say he released great news last week and CMKX began to run. Many would sell on the run-up. And all those that sold would give up their LONG TERM success with CIM by missing the shareholder record date. This is all food for thought. I have no reason at this point to believe this theory any more than any other theory. BUT, if this theory is correct, today would mark a true watershed event. And yes, this relates to my original feeling that September 1 is Roger Glenn Hammertime. I have since hedged on that bet because, to be honest, there are still just too many viable theories out there for me to feel VERY confident towards any one. But if this is the RIGHT theory, then yes, after today things could get explosive in the very near future. Good luck to everyone. Z « Last Edit: Aug 31st, 2004, 6:11pm by Bart » 64.94.14.72
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Oct 21, 2004 11:49:15 GMT -5
Post by azesm on Oct 21, 2004 11:49:15 GMT -5
ZEN POST Thread started on: Today at 12:26pm
http/:www.investorhub.com/boards/read_msg.asp?message_id=3948819
NOW THAT'S GOOD POPCORN.
Are you exhausted yet? Are you still trying to figure this out? Here, kick back with me. Enjoy some popcorn. There are a lot less complicated ways for a company to screw shareholders and imo you would never go to this much trouble with this much effort through this many companies just for urban to unload shares. However, when you are attempting to set up an empire and in your way are some of the most powerful hedge funds and MMs in the financial industry ... things get a bit more complicated.
So kick back. Grab some brew. Pass the popcorn. This is Hitchmale thingy at his finest. Piece by piece, the screw turns and the tension mounts. Soon it will all come together for a resolution that nobody can yet predict. Other than Hitchmale thingy/Glenn are geniuses.
Z
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Oct 21, 2004 11:51:17 GMT -5
Post by azesm on Oct 21, 2004 11:51:17 GMT -5
Latest from zeninvestor32
As for the stock and some recent thoughts. I'm with Green Baron on this one regarding the financing. Right now we have $15 million pledged to us from UCAD (some of which may be routed through the London company's financing). We now have $10 million pledged to us through GSSM. All in exchange for 15% of our claims. Ah, but we get shares of THEIR companies too. Right now $25 million for 15% of CMKX to me means we are becoming one of the better funded pinks/exploration companies. Perhaps we will get an additional round of financing soon, in exchange for shares of more companies of course. I would love for us to get some financing in exchange for shares of a Lundin company, Cameco, who knows maybe even Citi. But all that is just speculation. If we gave up another 15% for an additional $25 million, I'd be impressed. That would give us $50M in funding and we would have received some significant dividends in the interim.
My sincere hope is tht with SGGM there are still some significant players in the industry attached to the company that will eventually provide us with great experience. Obviously Ross Blusson would be quite a coup if he were to join CMKX's board of directors at some point. Will that happen? Who knows. I hope so. Where did SGGM get the $10 million? SOMEONE provided it to them since as of 2002 their operations were pretty much nonexistent. Let's hope it's a big player. Plus, SGGM provides another interesting vehicle for dividends and other means of sticking it to the shorts. Personally, I place little weight into the current market valuation that others do of 200 billion shares times .08. That's just impossible to assess right now. If the 200 billion shares hit the market today, the stock would be .0001. Until we understand the how and why of this maneuver, I personally do not place any real, tangible value on GSSM shares just yet. For now, I see it as the reverse which is GSSM is getting 5% of CMKX which if you accept 800B AS as the number, means they are getting 40B shares of CMKX. 40B shares x .0003 = $12 million. Not an unfair deal and a more realistic way to approach this. Why they were cut in at this level we will probably see more of in the near future IMO (aside from the immediate infusion of $10 million in 30 days).
It is very possible IMO that we continue to parcel out small percentages of CMKX in exchange for funding and more shares for dividends. If this were to continue, it is entirely possible that Urban could have $75 million in funding, still majority control of CMKX and a short squeeze to boot induced by an endless parade of dividends. As the short squeeze starts and continues, it is entirely possible that all of this could be shifted into CIM and you would have a company with $75 million in cash on its balance sheets and one of the greatest mineral properties in North America ready to IPO on a higher exchange. NOT TOO SHABBY.
All of the above is strictly speculation. I have no idea what is going on but I do have to say that as each piece of the puzzle is revealed, I feel that the puzzle grow increasingly LARGER. And that continues to reinforce my position of simply sitting back to wait. As I said, an empire does NOT appear overnight. Particularly with the obstacle of a massive short position if that is happening (you know my opinion there). So I trust that each piece is part of the foundation that MUST be laid down to ensure the overall success of something on this scale imo.
The more complicated it gets, the more theories arise. And that means the more popcorn I eat. Good luck to everyone. I do believe this is about to get very, very exciting.
Z
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Oct 21, 2004 11:53:25 GMT -5
Post by azesm on Oct 21, 2004 11:53:25 GMT -5
Posted by: zeninvestor32 In reply to: None Date:9/7/2004 10:25:52 PM Post #of 11685 GOOD POST. NEW DD. Kudos to diamonddays on RB for this nugget dug up on Roger. Hadn't seen it before. There is a section in the PDF on deals valued at $150M+ that month. Roger's deal is in there (pp. 20-21). As a side note, I can tell you that 80-90% of the counsel used in the deals listed on these pages are THE MOST PRESTIGIOUS LAW FIRMS IN THE COUNTRY. For what it's worth, I kind of chuckled at one of the deals since I had worked with the partner that was on that deal (he was a complete nutjob but about as brilliant as they get). Yes, do your own research if you'd like but I can tell you that when you are in the company of Cravath Swain, Jones Day, Wilson Sonsini, Morrison & Forrester, Weil Gotshal, Wachtell Lipton you are amongst rare air in the legal world. Run those names by your lawyer friends and you will see. Deals at this level require the MOST COMPETENT legal counsel available in the country. I am in this stock today for the same reasons, or I should say reason, as I was the day I initiatied my cmkx position. Roger. Period. Nice find Diamonddays. Just more evidence that we are in the hands of someone with tremendous expertise, and someone at a level that shorts have likely not faced before. Most pinks/otcs will rattle sabers about the shorting but have no firepower to do anything about it. And the shorts absolutely KNOW it. IMO, Roger is not saber rattling. IMO, he is delivering an ultimatum backed by atomic firepower. And the shorts absolutely KNOW it. The ONLY advantage the shorts had IMO is that they knew this would take TIME to unfold. And they tried to play that card to the hilt rather than begin an earnest campaign of covering from the start. And IMO this strategy has backfired and Roger has made their escape that much more difficult. I don't know when the knockout blow will come but I doubt the shorts can dance around the ring much longer. They are well overmatched at this stage IMO. www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=78476Z As always, these are my personal opinions. Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with FW
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Oct 21, 2004 11:54:13 GMT -5
Post by azesm on Oct 21, 2004 11:54:13 GMT -5
Posted by: zeninvestor32 In reply to: None Date:9/7/2004 10:43:23 AM Post #of 11527
AS I SAID
Open at .0004 with no news before the bell. An easy one to call. The race rumors really don't help anything as far as I'm concerned. As far as I'm concerned, until real news hits, the races only serve to further frustrate longs rather than generate new interest. But that's just me. I've always not been a fan of marketing the stock until there is more concrete news.
As for UCAD's surge, I attribute it to people at the races buying based on Rendal's commentary. Nothing more. I found it a bit irresponsible that the CEO made statements like "We'll split it at $20". But again, that's just me. UCAD may go there, but let it get there with news and not with price predictions by the CEO.
Hope everyone enjoyed the holiday weekend. My firm opinion is that the MMs and their short hedge fund clients are in absolute "Make Me Cover" mode. They will hold this down until there is a trigger. What that trigger is I don't know. Perhaps they feel that CMKX may take a year or possibly years to "prove" itself and they can ride this out and cover over time. But for whatever reason, they are not about to cover until they HAVE to. This much is clear. My guess is that Roger's plan will dash their hopes and "have to" will come much quicker than they had hoped. I don't know when. I do suspect soon. And I do think the 3 dividends hitting between September 24 and October 1 will be instrumental. Any solid news beforehand is very possible but for now, I would consider it a bonus.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
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Oct 21, 2004 11:58:19 GMT -5
Post by azesm on Oct 21, 2004 11:58:19 GMT -5
Zeninvestor32 latest posted by zeninvestor32 at Mach's IHUB board. Link below. Sugarpaw BO RE: CMKX There are 2 items that make comparisons to the prior 2 years not completely reliable: 1. Roger Glenn 2. Goldak/TDEM Personally I believe Urban attempted to make CMKX legit and to address naked shorting prior to 2004 but found the road far too rocky. You cannot win that game without firepower (and even so, it's near impossible against well-heeled hedge fund opponents). IMO, the above two items changed the game. And now strategies have shifted completely. Unfortunately, they are not to everyone's liking as far as time frames are concerned. So now people are deciding how best to handle the stress including, but not limited to: 1. Doing more research 2. Venting 3. Selling 4. Waiting 5. Going on vacation Right now, Roger has been on board for a little over 3 months. Relatively speaking, that's not a lot of time, particularly if the end game is to become fully reporting. For now, I go back and forth between 4 and 5 above. I'm tired of waiting too. Yes, there are many unanswered questions. But I see things as different today with Roger guiding Urban and with the aerial survey at hand. If others disagree, that's fine. I'm willing to cut Roger more slack than 90 days, particularly with dividends approaching. His plan may simply require a bit more time. I don't think he selected 9/24 and 10/1 as his dividend dates arbitrarily. We will see. Z As always, these are my personal opinions. Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with. www.investorshub.com/boards/read_msg.asp?message_id=4034210Logged -------------------------------------------------------------------------------- bluediamonds Global Moderator member is online Posted by: Cue_Ink In reply to: zeninvestor32 who wrote msg# 12645 Date: 9/14/2004 3:22:08 PM First time to post on IHUB – actually first time to post anywhere in a couple of years…. That said, I appreciate all of the posts here – there’s been some good ‘stuff’… Like others, I too am waiting for news – specific to diamonds, minerals, and share structure; however, I also feel that there is a method to the ‘madness’ that we are all witnessing. While we all want info, I think we might need to be careful for what we wish…<br> What would you think if the O/S were released now and the MMs were able to stagnate the price at .0005 or .0006 because it was released too early or without ‘other’ pieces of the plan in place? There would be major angst toward the company for ‘foolishly’ releasing the info and allowing such a thing to happen. What if the diamond and mineral finds (that we think we have) were released now and the resulting run in pps ended at .002 because the news only attracted momo players, swing players, and other penny investors. Meanwhile, the ‘new and/or institutional investors’ the company needs for a sustained pps are still sitting on the sidelines waiting for a filing. When the filing comes (assuming it would be prior to 10/31), I would hazard a guess that every forum talking about CMKX would blast the company for not being more selective in the timing of the above PRs. I think that UC and RG want the investment community (especially new investors) to be watching CMKX when our drilling results are revealed. A filing would certainly turn some heads and cause that to happen….and honestly, that may be the only thing that will bring ‘new’ investors to the company…. Now, if you knew for sure that a filing was in the works, would you be a little more patient YOU BET YOU WOULD!! Now take a moment and recall why Roger is with us…. I believe there are many things happening behind the scene with CMKX, and further, I think there is an order in which things have to happen. This ‘sequence of events’ may also change with regards to how the MMs are handling (or not handling) the CMKX stock and trades. Your guess is as good as mine as to WHAT is actually happening and WHAT will happen, but I think something good will transpire by 10/31 – that’s only 6 ½ weeks away, and a large portion of this story may play out much, much sooner…. I’ll elect to be patient and trust (there’s that word again) that UC and RG know how to play this hand….and when the hand is laid I believe we’ll see a Royal Flush! All of the above is my opinion only…..Cue
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Oct 21, 2004 11:59:11 GMT -5
Post by azesm on Oct 21, 2004 11:59:11 GMT -5
Posted by: zeninvestor32 In reply to: ACTX who wrote msg# 12687 Date:9/14/2004 5:00:22 PM Post #of 12717
I WOULD AGREE ACTX
Patience is key and the shorts know that small investors have little to none. This is why many have begun selling and will continue selling, and is why the shorts have NEVER let up on keeping the price capped imo. They understood far more than anyone that to break this short will require time if it is to be done properly. Time's the only ally they have right now imo. How much time the company gives them depends imo on when we are ready for filing or possibly in relation to other factors that only the company knows. The company is asking a LOT of us in terms of faith. I understand that completely and wouldn't dare fault anyone selling. But I still believe the logic and circumstantial evidence today still points to a very high probability that Roger is about to do what has not been done before to any significant level -- break the short position in a penny stock. With very few exceptions, shorts squeezes in pennies are rare to nonexistent. Shorts imo bat near a thousand in that category. IMO they are counting on investor impatience as their last ticket to ease the staggering losses they may face once the company's corporate structure, valution and further news are revealed. All just my opinions.
Maybe if enough people sell, the shorts will cover fully and leave this damn thing alone, making urban and roger's jobs a lot easier. This however assumes you can get enough longs to cough up what I believe to be 100s of billions of shares short. And imo, you can't. IMO, we're stuck with this disease until every legal (and probably illegal) exit for the shorts is sealed off. I"m waiting until then.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
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Oct 21, 2004 12:17:09 GMT -5
Post by azesm on Oct 21, 2004 12:17:09 GMT -5
Another dose of Zen?? Anyone?
Posted by: zeninvestor32 In reply to: BadBassPlayer who wrote msg# 13075 Date:9/16/2004 9:38:17 PM Post #of 13084
BBP
I do not believe JEFF is on our side. I do not believe there is any coordination between Urban, Roger and the MMs. That is my opinion. Personally, I believe any coordination between Roger and MMs would amount to market manipulation which is illegal. It could only be done imo if the SEC specifically stepped in to alleviate a situation that required federal intervention. But to be honest, I don't even know that the SEC has the power to do that. And if they did, I have no idea if they even would. And even if they would, I don't think that is how this would go down.
So the bottom line is my personal belief is that JEFF and others got stuck on a bad short position and they are playing their hand to the end. If they have to cover, they are dead imo. How it works itself out beyond that is out of my knowledge. That is why I will be fascinated to see this unfold. Hopefully Roger bothers to let us know someday what the plan is. LOL
And as for valuation, I do not believe the total OS will be 10 billion at this point. That's already been proven wrong purely on the 75 billion share transaction. All those valuation numbers appear well overstated to me.
Z
As always, these are my personal opinions.
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Oct 21, 2004 12:17:33 GMT -5
Post by azesm on Oct 21, 2004 12:17:33 GMT -5
Nice read..from Zeninvestor Posted by: narvo In reply to: zeninvestor32 who wrote msg# 12938 Date:9/16/2004 2:44:56 PMPost # of 13082
Zen: If the mm's are seeling short, then why not sell for a higher share price I mean where the mm's can make their money is run it the shares up and drag it back down and repeat. Now why keep it where it is if it is for only one reason. That reason being "covering". glty and all of us this next 6 trading days!!! I feel the excitement building do you?
Posted by: zeninvestor32 In reply to: narvo who wrote msg# 13029 Date:9/16/2004 8:12:33 PMPost # of 13082
NARVO a very good question and one i've posed a few times before. almost 100% of the pinks/otcs I've ever watched will let the stock run on similar buying pressure as we've seen. At the very least they know they can make money going up and down (MMs profit on volatility) and they can make MORE on their shorts by shorting it down from higher prices. I have no doubt that if JEFF stepped off the ask at times in the past 2 months, they could have EASILY slung this stock back and forth between .0004 and .001 for massive profit. But they didn't. And if it's Urban or someone else dumping as so many bashers like to speculate, why wouldn't they want to sell at a higher price as well? There is absolutely no logical or rational reason to have kept the price pressed down for nearly 6 weeks straight on 95% buying unless there is a clear AGENDA. IMO, the market makers believe they can avoid having to cover any dividends. The UCAD shares are restricted for a year, so no cover there (and all the BS about the company unrestricting them is BS until it's in a PR). The CIM shares are private and god knows when they'll ever go public and force a cover. And as for GEMM, the market makers are probably willing to go short there because if the shares are unrestricted, everyone will sell quickly and the market makers can cover relatively cheaply. If the GEMM shares are restricted, then they don't have to cover again just like UCAD. So what's the end game? MMs imo want to make it through the dividend period with the price capped still. I can PROMISE you that if they can manage to do this, they will get what they have been after for months, wholesale retail dumping. People will completely lose confidence and sell. People will distrust the company greatly and sell. And as the October party (which I have cautioned against) gets closer, more and more will sell and bash the hell out of the stock. The MMs absolutely know this and they are absolutely right IF in fact all this happens without any company clarity on share structure, valuation or other big news. The shorts seem to be flipping off CMKX with this strategy but, in all likelihood, they believe that either the company will end up releasing news that nobody will care about or will not release news at all. And then the shorts will start to actually win. This is why they have held on and capped this stock for months imo. I believe they think this company truly will not be able to do anything but release an OS that is large, not prove they have any diamonds of significance in their drilling, or at the very least not be able to establish that anything of significance will happen until many years out if, and only if, the bulk sampling proves reasonable. In all honesty, the shorts may actually be sitting back right now feeling they have a chance in this game. I believe Roger will deliver a death blow that will stop these shorting antics. What it is has probably been discussed by SOMEBODY at some point but it's nearly impossible to figure out whose theory is right. My past experience has been that when the pressure is on the company to deliver powerful news that will truly force a short covering, that pinks/otcs NEVER deliver. EVER. That may sound somber and sobering. But it is the truth. So why is my money in cmkx? Because I believe that is about to change for the first time. But for now, why in the world would the shorts buck the odds? History has taught them that pinks/otcs always rattle their sabers but never deliver. If the shorts are truly stuck (and I believe they are) why in the world would they bail early if all their chips are basically all in. At the very least, they're gonna force Roger/Urban to show their hand before ever conceding defeat. So right now, we have a massive game of chicken IMO. The longs are holding on waiting for the company to drop down four aces. The shorts are holding on with the belief that this is one huge bluff by Urban. At this stage, we are all waiting to see who has the better hand. ZAs always, these are my personal opinions.Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
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Oct 21, 2004 12:18:19 GMT -5
Post by azesm on Oct 21, 2004 12:18:19 GMT -5
It's a Zen kinda thing.... « Thread started on: Today at 08:00:36 »<br> -------------------------------------------------------------------------------- GUMP90
I'd be a fool if I wasn't concerned. Nobody likes going this length of time without the nuts and bolts of what's going on behind the scenes. I was hoping to have heard it by now. But we haven't. Oh well. As I have said, the company is asking a LOT of us in terms of placing our faith in them. And we are delivering. People have held strong. Now it's the company's turn to deliver. And deliver they must. I have said from the start that the shorts will play this out as long as they can to take advantage of investor impatience and the supreme knowledge that things always take longer than anyone would like. And I am simply commenting that we are entering a critical period that will test EVERYONE'S faith. This IMO is why the shorts have stuck around this long. I think they're as curious as the longs to see Urban's hand. Am I confident? I'm not sure that I've ever been "confident" about the outcome. I think I've always been "comfortable". Certainly all the evidence gives me a great deal of comfort in the bet I've placed. But without knowing more than is publicly available, I'm reserving the "confidence" until after we see Urban's hand.
I believe in this company 100%. I believe the naked shorting is happening to an extensive degree 100%. I believe Roger was brought on board to help the company rid itself of the naked short and bring a fantastic piece of property to proper valuation 100%. I believe I could also be 100% wrong.
But that is what I believe. And that is the difference between beliefs and knowledge. I do not KNOW what will happen. But I BELIEVE we will do very well indeed. All I'm pointing out is that we are getting ready for CRUNCHTIME. And everyone better be READY.
PS You got a link on that shore gold financing PR?
Z
As always, these are my personal opinions.
66.25.79.105
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Oct 21, 2004 12:23:30 GMT -5
Post by azesm on Oct 21, 2004 12:23:30 GMT -5
Posted by: zeninvestor32 Date:9/20/2004 10:57:41 AM
AND THUS THE STUPIDITY
The stupidity of the party in its entirety. The company cannot call it a celebration because the share price is .0004 and we don't know squat. They can't tell us it's a celebration if they know there is information that will make it one. That's inside info. So it's a Cover Your A** statement that it's "shareholder appreciation". But the problem is that that expectation is set because why in the world would anyone want to spend the money to attend Vegas if the share price was still getting hammered (answer: they wouldn't). So now the company is in a bind. Stock better be up to justify the party or they are going to be dumping big money on a ballroom and a Kia Spectra (ha ha, had to throw that in there) and nobody will show.
This party is STUPID. If there's a reason to celebrate, they can't tell us until it happens so we're twisting in the wind wondering whether to attend or not. And if there's no reason to celebrate who in the HELL wants to go drop a grand or two on their family visiting Vegas just to hear more false rumors on a .0004 stock.
And I"m not bashing. I just think this party is pathetic. I stick to my original feelings that you plan a celebration AFTER YOU HAVE SOMETHING TO CELEBRATE. As for shareholder appreciation, send me a friggin' card with warm wishes. I don't consider it "appreciation" to ask me to drop thousands to hear urban say in person "I can't comment on that".
Z
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Oct 21, 2004 12:27:00 GMT -5
Post by azesm on Oct 21, 2004 12:27:00 GMT -5
MY GUESS ON TRADING
My guess is that right now nobody is buying and nobody is selling. Anyone who considered doing either has likely already done it. Selling at .0002 when it can only go to .0001 probably isn't attractive to too many people. And people have had ages to buy at .0003 and have probably already done so. Anyone else on the fence is sitting on the sidelines IMO until the company announces something. Thus, those that are short probably have a wonderful opportunity (in the absence of any REAL news) to churn shares in whatever direction they choose (not hard to guess which). IMO, CRWN and a few other MMs who are probably short are taking advantage of this activity vacuum. Oh sure, the volume says 2+ billion, but how much of that is real? The other MMs jumping on the ask are probably smaller players that don't care to fight the current upstream. They are just going with the flow which seems to be dictating downwards now until there is a reason to change. All just my guess. I still stick to my theory that all of this is meant to drive us into October without any change in share price to depress shareholders into finally selling. And yes it will work. The question is whether the company will allow it to happen.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
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Oct 21, 2004 12:27:37 GMT -5
Post by azesm on Oct 21, 2004 12:27:37 GMT -5
Posted by: zeninvestor32 In reply to: None Date:9/24/2004 12:12:27 AM Post #of 14073
INTERESTING THEORY.
Someone threw this out earlier today and I admit to never having thought of it. Don't know how I missed it but, wow, interesting.
What if CIM reverse merged into SGGM? Technically that would mean we are already getting shares of SGGM through CIM. SGGM is a shell company that was resurrected for a reason IMO. And I can't conceive of why CMKX itself would reverse merge into SGGM when SGGM only bought 5%. But I COULD see two companies like CIM and SGGM amassing their collective ownership together to achieve certain goals: 1) become fully reporting together (perhaps already coordinated by Roger?), 2) own a more fuller percent of CMKX's claims, 3) provide a tool to assist with eliminating the naked short shares.
Anyway, it's just more speculation but I find it intriguing.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
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Oct 21, 2004 12:28:10 GMT -5
Post by azesm on Oct 21, 2004 12:28:10 GMT -5
NYONE ATTENDING THE DALLAS RACES
I would put some serious fire to the feet of Urban or any other insider that attends about why we are not being given simple PRs about dividend ratio, distribution dates as well as the updates from the Canada meeting that were expected weeks ago. I have preached patience and I stand by that, but I also feel the company owes shareholders a MINIMUM level of communication. I don't even care about the share price for right now. I just would like to have basic information from the company that I can count on. Melvin has ceased to be a source of any reliable information. I wouldn't trust a single word out of his mouth. Vicki at SGGM is not CMKX's IR person. Chris at UCAD can only tell us so much. And the company refuses to put out even remedial, obvious PRs. If we don't have UCAD shares in our accounts today, there should be a formal explanation on this. I know we won't get it. Someone should drill (sorry for the pun) management on this.
If they are asking us to show the kind of blind faith and loyalty they obviously are seeking from shareholders, the LEAST they can do is give us the bare minimum of courtesy and respect through proper shareholder communication. And enough of the Urban loves you crap and is doing everything for you crap. This is still an INVESTMENT first and should be handled professionally.
Z
As always, these are my personal opinions.
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