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Z
Oct 21, 2004 23:03:42 GMT -5
Post by azesm on Oct 21, 2004 23:03:42 GMT -5
Well ..instead of posting "Z" all over place and since I plan to move his stuff into the Q& A...HERE'S MORE ..."Z"...
Posted by: zeninvestor32 In reply to: None Date:10/19/2004 8:43:49 PM Post #of 18742
FWIW, REGARDING THE 1.6T FIGURE
According to someone on RB, they called our TA who confirmed that only 20B of CIM were being distributed for right now. I can't find the post, but I read it earlier. Take it FWIW. No idea if it's true but makes the most logical sense to me rather than an inconsistent number between the dividends. As to WHY we are only getting 20B at this stage is beyond me and probably only known to Roger and a few others. But hey whatever the plan is, if we only got half right now, then that means I get another 2M shares of CIM in the near future? That would be cool by me.
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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Z
Oct 21, 2004 23:03:57 GMT -5
Post by azesm on Oct 21, 2004 23:03:57 GMT -5
REPLY...
Posted by: sandgoat In reply to: zeninvestor32 who wrote msg# 18718 Date:10/19/2004 9:38:47 PM Post #of 18742
Zen, Seems like a logical move to issue 20B now and hold the rest for leverage. I doubt the TA would have let that cat out a month ago. Shorts are probably wondering about all this stuff as much as us. Preeeety cagy game their playing. I definitely agree on the GEMM senario. With about 40+MM shares traded since the ascent and roughly 200B NSS, JMO ; factor in some daytrading etc. I believe the MM are approaching the covering threshold on GEMM divi#1. GEMM is running a float of ~30MM. Looks like they will need about the whole thing IMO. Look for me in the GEMM line in the AM. Sandgoat
These will make great sources for DD...lol
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Oct 21, 2004 23:04:30 GMT -5
Post by azesm on Oct 21, 2004 23:04:30 GMT -5
Posted by: zeninvestor32 In reply to: None Date:10/18/2004 5:23:22 PM Post #of 18742
RE: UCAD AND GEMM
According to Chris at UCAD:
the trading float on UCAD is 1.2-1.4M the trading float on GEMM is 30M
Let's say for argument's sake the OS on cmkx is 800B and the short position is an extra 800B. That would mean the shorts would have to cover an extra 7.5 million shares of UCAD on a 1.2-1.4M share float. And they would have to cover (assuming they bite on the second round) 225M shares of GEMM on a 30M share float. Obviously, these ratios change based on how many naked short shares there are, but I think you can see that the shorter they are, the harder they'll fall. I feel this is going to be explosive for both stocks and feel that UCAD likely knows this and has gone ahead with their forward split in anticipation of it. Greater liquidity for UCAD, more pain for the shorts, more traders/buyers jumping in at the lower post-split price and all positioning UCAD well for a jump to a higher exchange. And as for GEMM, I just have to think the shorts will have an absurd time trying to cover it, but I don't expect GEMM to really start jumping until after November 15 when they will be forced to IMO. In the mean time, it could waffle in this range. I bought in today because I thought .16 was a fair price at this stage and I don't want to be out of it when it makes its next leap once their covering begins IMO. I could see a cutback to .1-.12 on GEMM but I think there will be WAY too many buyers at that price level for them to try to hold it down. I'm thinking the .12-.18 range will be where it consolidates for a bit. But if the shorts decided to start covering now, it could still jump. Once it breaks cleanly past .19, I think we'll see a pretty big spike as the word "breakout" hits traders' desks everywhere.
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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Z
Oct 21, 2004 23:05:51 GMT -5
Post by azesm on Oct 21, 2004 23:05:51 GMT -5
member is offline
"Mr Casavant, I've been a good boy..Xmas..could I have some diamonds..please?
Gender: Posts: 3293 Re: Some "Z" in the morning...WHAT I THI « Reply #16 on: Oct 19th, 2004, 10:30pm » <br>Posted by: Diamondhead In reply to: zeninvestor32 who wrote msg# 18394 Date:10/18/2004 8:24:48 PM Post #of 18742
Zen, question for you.......
What was the highest volume we've seen on UCAD over the last 6 weeks or so? I believe it was over 1M but I don't have the exact figure at my disposal right now. My question is, do you think it's feasable that almost the entire public float, using the figures given by Chris today, would be traded in a company in one day? Do you have any theories on this? I'm trying to make sense of it and I'm drawing a blank. TIA.
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Posted by: Diamondhead In reply to: Diamondhead who wrote msg# 18422 Date:10/19/2004 6:33:24 PM Post #of 18742
ZEN, you missed my question yesterday......
I'm still curious as to your opinion on the question I asked here yesterday. It's post #18422. Thanks.
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Posted by: zeninvestor32 In reply to: Diamondhead who wrote msg# 18686 Date:10/19/2004 7:25:48 PM Post #of 18742
SOME ANSWERS
DiamondHead - yes I think it's very feasible to trade the float on any given day in an otc stock, especially a rapidly moving one with quite a bit of daytraders jumping in and out all day for a quick bang. On a 1.2 million share day in UCAD, it wouldn't surprised if 800-900k of it were daytraders in and out. That's how I would account for volume on those days. On Oct. 5, it traded almost 1.2M shares with a low of 6.25 and high of 10.81. I have to believe there were TONS of daytraders all over it but there was probably some very real covering too IMO. Some of the people that believe UCAD has had its dividend covered may be discounting the daytraders and other CMKX longs that have stepped in during this rush in UCAD volume. Yes, we're in a breather right now, but I still personally feel the covering will continue. We'll see. If I'm wrong, I still feel UCAD will bring great value to the shares over time anyway. I think the forward split was in anticipation of that.
Owclar - Yes, I got CIM in the amount of .0256 as expected.
Luckystrike - Many did not get their UCAD dividends for awhile either but eventually did. My guess is that any delays are the result of your broker and not because of anything fishy. But if you know others from your broker that have their dividends and you do not, then I would check. Ameritrade was on the ball with both UCAD and CIM, so Ameritrade users had theirs fast.
DrDetwin - I know that and I don't place a valuation on SGGM as others do of .40 x 200B. But what I do believe is that the shorts are covering the dividends on the open market (as per UCAD and GEMM). And if they have to cover SGGM on the open market, I believe they CANNOT. There are only 16M shares of SGGM. We've seen what a dividend of 7.5M did to UCAD. What a dividend of 95M (part 1) has already done to GEMM a month in advance. But a dividend in the form of 200B shares to be distributed I just want to know how it's possible. I don't think it is. I think Roger may have many angles to work that. We'll see. But I understand and respect your view on SGGM valuation. I just think that fair market valuation is irrelevant in the event of a situation like this.
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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Z
Oct 21, 2004 23:07:08 GMT -5
Post by azesm on Oct 21, 2004 23:07:08 GMT -5
Posted by: zeninvestor32 In reply to: None Date:10/21/2004 10:39:39 AM Post #of 18971
LOOKS LIKE I'LL BE DOUBLING DOWN
LOL Well, I knew it when I bought GEMM but went ahead and did it anyway. Way too much time before the covering has to begin in earnest IMO for GEMM so looks like the big shake is on. I have funds available again next week (only $750) and I WILL be doubling down on GEMM. Dear MMs, if you would like to shake it down to .04 again, please feel free to do so next week so I can buy more.
This is an investment for November IMO. I do wish I had waited to get in cheaper however I do still believe as a result of dividend covering that GEMM will eventually reach $1 in late November/early December. Until then who knows. If I can average in at 10 cents, I'm going to be even happier than an average of 16 cents. I hate playing this game, but that's the way it works IMO.
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.
66.25.79.105
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Oct 21, 2004 23:07:22 GMT -5
Post by azesm on Oct 21, 2004 23:07:22 GMT -5
question...Zen - just wanted to point out that the UCAD 3 for 1 split was started as a race rumor as was the acqusition of a gold mine for cash flow.
Seems some of those race rumors are coming true. The only trouble is the time line.
Posted by: zeninvestor32 In reply to: bugscoe who wrote msg# 18908 Date:10/20/2004 9:10:01 PM Post #of 18973
BUGSCOE
I debated pointing out the UCAD forward split in my post. Yes, it "came true" but I just didn't see that as any really big deal. Rendal said that if the stock price rose a lot higher, they'd split it 3 for 1. It did. No big deal. In terms of importance, this "rumor" rated about a 1 on a scale of 1-10. In the long run, the split is a good thing IMO but for now, it just won't have much of an impact on anything. As for predicting gold mines, that was a pretty wide open assumption we all assumed UCAD was pursuing anyway in Ecuador. Not much of a rumor there. For that matter, Topo "predicted" a PR last weekend. Big deal. Someone probably told him a PR was coming. So he got that right even though he didn't know what it was. I still wouldn't believe a word he or any other poster says at this point.
(and i know you meant your post nicely, I just wrote the above because I'm sure dozens others said "yeah, but the UCAD forward split was right" LOL)
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. « Last Edit: Today at 11:17am by fastwalker »
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Z
Oct 30, 2004 11:06:37 GMT -5
Post by azesm on Oct 30, 2004 11:06:37 GMT -5
Zen's latest post 10/24 www.investorshub.com/boards/read_msg.asp?message_id=4373152Posted by: zeninvestor32 In reply to: None Date:10/24/2004 9:29:34 PM Post #of 19457 THINGS I BELIEVE I believe there is a short position. A very large one. I believe the shorts have by now figured out that they can NOT cover the UCAD dividend on the open market. I believe they have figured out that they cannot cover the CIM dividend on the open market should the company go public or reverse merge. I believe they have figured out by now that they can NOT cover the GEMM first dividend on the open market, let alone the second one. I believe we will get an SGGM dividend of which I believe the shorts have probably already figured out they cannot cover on the open market either. I believe as a result of all of the above, a deal of some sort will be struck at which point we will see covering on cmkx. Not until then. And when that happens is still unknown. If the shorts continue to remain stubborn, it could take a few more dividends. If they are finally seeing the light or perhaps get prodded in that direction by the DTC, it could happen soon. Until then, I believe the share price is meaningless. I will be buying GEMM this week if they drop it to .10 again. Only $750 worth. Yes, that could be 3.75M shares of cmkx but right now I have 75M already and I'm betting on the shorts continuing to be very stubborn which will bring a much higher GEMM price in November and hopefully bring me a much higher number of CMKX shares on my flipping GEMM. We'll see. I don't think I even realized how right I was about September 1 being Roger Glenn hammertime. I just thought it would take effect sooner. But on that date, the shorts took the bait and had by then walked into both the ucad and cim dividends, never to escape. They could have covered before then IMO and avoided all this. Yes, it would have been costly and might have driven cmkx up well into the pennies but imo it would have been a LOT cheaper than where they are today (basically at the mercy of roger imo). But after September 1's record date, they were LOCKED IN imo. I think the shorts honestly were in denial about any of this actually working and sticking it to them. I think GEMM was provided to accelerate the shorts' realization of the trap they were in. Was the second GEMM distribution the straw to break their backs? We'll see. At some point, I truly believe they will have to come to the table and strike a deal -- you can only imagine the possibilities that open up on any such deal. Now, as if the above isn't controversial enough, I will add this to the thinking. I think whatever deal is struck will help the shorts. That is, to have a full accounting of everything and to get the shorts to actually pay up timely and efficiently, I believe the shorts will be given a future in cmkx. they will have to pay through the nose NOW for what they have caused but I believe the deal will be struck in such a way that the shorts will have a vested interest in cmkx's future success for their OWN success (that is, if they have any desire to get out of this with financial success). why would this be offered to the shorts? because, imo, a) you DON'T want these people to continue to have a vendetta against you b) it would ALWAYS be better to have big money ON your side instead of against you, and c) by the time I believe they would profit off of cmkx, the anti-shorting rules would be much stiffer and they would not be able to continue these types of abuses. Again this is all just my opinion. But I simply do NOT see how the roaches can escape the motel at this point. They are in imo, they are stuck imo, and they will do what they need to to get out imo. Even if it means a direct deal under the guidance of roger. take it all for what it's worth. i believe cmkx will finally move when the shorts finally give up their arrogance and accept the situation they are in. they have not yet imo. imo they will soon. 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 30, 2004 11:20:34 GMT -5
Post by azesm on Oct 30, 2004 11:20:34 GMT -5
zen update this am on GEMM Posted by: zeninvestor32 CLEANING HOUSE ON GEMM As I said, they are cleaning out the .12-.18 area imo. Pretty good bounce today. IMO, most of the 30M float has been bought up by retail and possibly some other MMs for the ride up. Again, I look for them to jerk this around in this area until they are truly getting no more sells from the volatility. Again, we are watching pros at work. But the bottom line is that if you believe the UCAD explosion was due to dividend covering (I do), then November should be a fabulous month for GEMM. Let's look at a few facts and figures: 7.5M share distribution on UCAD with 1.3M share float = 5.76 ratio 225M share distribution on GEMM (both parts) with 30M share float = 7.5 ratio Anyone shorter will be in much deeper based on the shares needed versus available ratio on GEMM. PLUS, I think more people are on to this pattern than in UCAD, so I think more retail will have taken out a larger part of the float than they did on UCAD. PLUS, UCAD once it hit $10+ was a big turnoff to investors based on just raw price whereas even at .20, investors will still see this as a huge potential percentage return and feel more comfortable buying it, i.e., shares will continue to get taken out by retail. Now let's look at this number: To cover the UCAD dividends per million shares of CMKX, shorts would have to pay roughly $144 per million, assuming a price of $15. And it seemed they were willing to pay it! Right now at 12.5 cents on GEMM, this amounts to $12.50 per million shares of CMKX. Naturally the shorts would LOVE to continue covering dividends this cheaply. It's STILL considerably cheaper than covering CMKX at $200 or more per millon shares. But my point is not only do I think the shorts will go a LOT higher to get shares of GEMM based on how cheap they are today, but I think based on the ratio of shares available, they will HAVE to and to a LARGE degree. All just my opinion. And believe me, I ain't pumping since I want to buy MORE next week and as low as possible. LOL I hope the MMs can work it down and keep it under .1 for next week. I will gladly load up. 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=4350517************************ GB thinks..buying gemm is a scary bet. If you buy GEMM then you are buying against a short squeeze on CMKX before the next record date for GEMM. Plus... the float on GEMM is down to 20-30 million... they can't be enough to cover the next GEMM dividend. I do think GEMM is a good buy because the float reduction though. But on the other hand.... according to zeninvestor32, who says he is quoting Chris at UCAD the Float on GEMM is about 30 million tinyurl.com/4ofzl****************
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Oct 30, 2004 11:21:00 GMT -5
Post by azesm on Oct 30, 2004 11:21:00 GMT -5
MY OPINION RE: HALT ..Z « Thread started on: Oct 28th, 2004, 4:16pm » <br>MY OPINION RE: HALT
This could be very good or very bad. I will list both possibilities all IN MY OPINION and everyone can judge where they fall.
Possibly good:
It is very possible that the UCAD dividends have tripped up a closer investigation into what is going on with the naked shorting. Perhaps the SEC is looking into UCAD's audited financials to make a final determination that everything is clean before either pursuing possible crooks or allowing the stock to continue trading with possible future buy-ins anticipated. Roger Glenn presumably is on top of this and I'm glad we have serious professional expertise to assist in this process. I found the following language VERY curious on the SEC release:
"Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff of the Securities and Exchange Commission in Washington, D.C. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to the securities of U.S. Canadian Minerals until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation for the stock of U.S. Canadian Minerals that is in violation of the rule, the Commission will consider the need for prompt enforcement action."
Very strange to me. Almost seemed like a pretty severe warning to brokers and dealers. Also, from a source, apparently Ameritrade knew about this halt yesterday. Which is odd. If a broker were notified ahead of time, my best guess is because there are broker issues. I highly doubt a broker would be notified ahead of time because of fraud issues. But who knows. Just found it strange. Anyway, this could all very well have been a result of either a) the dividends, b) an impending merger/acquisition, c) an honest look into the financials simply based on the price move from $4 to (postsplit) $17. These are all POSSBILITIES none of which can be ruled out.
Possibly bad:
I sure hope USCA's financials are unimpeachable. Because it looks like the SEC is going to comb things thoroughly. I am very surprised at a halt in USCA and not CMKX. I don't know what to make of that. The bad scenario is that the SEC has some accounting issues and possible fraud issues with the way UCAD has handled itself. I guess the only thing to do is wait and see. Whereas the above quote from the SEC regarding the brokers/dealers is potentially good, the following quote concerns me:
"The Commission temporarily suspended trading in the securities of U.S. Canadian Minerals because of questions that have been raised about the accuracy of publicly disseminated information concerning, among other things, U.S. Canadian Minerals’ financing and mining activities and the value of U.S. Canadian Minerals’ purported assets."
As I said, I hope their financials are truly flawless, because if not, this could be quite bad. Let's hope so. Glenn is a former Deloitte man and intimately familiar with what is and isn't appropriate accounting. Let's hope that pays off for us.
Possibly ugly:
A trading halt with the SEC looking into financials is NEVER a good thing, and I don't care WHAT spin anyone wants to put on it. The hard reality is this is just not a good thing even if it turns out to be nothing but a chance for the SEC to review and sign off on USCA financials. I hate that this has happened. And I'm quite confident USCA did NOT expect it.
My bottom line is that I was 90% confident in this investment before. Today, that has dropped to probably 40%. That's how serious I take something like this. Am I selling? No. But not because I don't want to. In all honestly I would clip 50% of my holdings on this if the price were near my entry point (.00044), but it is not. At .0001 I just assume hold and take my chances. Just being upfront about that. I'm pissed that my USCA shares that are free trading (the ones I bought last week) will lock up $900 of mine until November 10 (or longer if extended) and likely open a lot lower (always happens with halts). I am not investing in GEMM any further until there is some clarification as to what is happening with these inquiries and the halt. At least everyone knows I'm straight up on this. I'm not "panicking" but I'm sure as hell not happy about this whatsoever. I seriously doubt USCA or CMKX is either. And if the company at all was aware of this but knew it had to happen to force some issues regarding naked shorting, well then that just flat out sucks that we are getting screwed triply by being kept in the dark on ANYTHING.
I will wait this out, but uncomfortably so.
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 30, 2004 11:22:59 GMT -5
Post by azesm on Oct 30, 2004 11:22:59 GMT -5
Posted by: zeninvestor32 In reply to: None Date:10/28/2004 8:32:51 PM Post #of 20515
ONE SMALL THING
One thing I found funny (if there is anything funny at all in this) is that it would be almost impossible to have a worse set of circumstances surrounding the stock than we have to induce selling and yet only 3 billion went off at .0001. LOL I think there was something like 165 billion traded in the last 3-4 weeks total and one would HAVE to imagine that you couldn't have any more incentive to see a sell-off than the SEC suspending a cmkx-related stock and some enforcement proceeding in Canada against Urban. And yet, no halt on cmkx and only 3B were sold (3B bought at .0002 by the way). Add to that that it's all right before the party in Vegas to make the pressure even tighter and a greater setup for disappointment. You already know my position from earlier today about this not being a good thing although good options are still possible, but if in fact this really was something that bought more time for the shorts, then wow today really was impressive. Nobody is selling apparently. Because if TODAY didn't induce selling, then NOTHING will. Probably everyone is like me, thinking why bother selling at this price. Either that or they already recouped their original investment at higher prices. At .0001 I just have no incentive to sell. I just assume hold on at that pathetic price and see what happens.
Pretty interesting if you ask me, although I've already stated my opinion (and apparently it is supported by Chris at USCA who confirmed that this was not expected by Roger) that it is never a GOOD thing when a halt happens with the SEC issuing a release. Now, I HAVE seen many halts that have turned out neutral, that is the SEC looked at things and found there was either or no reason to continue the suspension or the issues were corrected. The stock usually resumed at around the same price or slightly lower but not much impact at that point. So I guess we wait and see. But I've never seen a GOOD thing happen from this, so I'm hopeful we get a neutral result and a lifting of the suspension on November 10. That being said, CMKX has not acted like any other stock I've ever seen before, so anything is possible -- good, neutral or bad. Sux but I continue to unfortunately be correct about the old "things will get worse before they get better" philosophy. Keeping my fingers crossed. And to anyone that slammed me for being negative, you obviously didn't read my post accurately. I am being realistic. We don't know the circumstances behind any of this or how Roger is dealing with it, so my assessment is fair -- it could be good, it could be bad, it could be ugly. And under those conditions why in the world WOULDN'T my confidence level be down I think anyone that isn't MORE nervous today than they were before is drinking some kool-aid spiked with shrooms. We already don't know what the hell is going on with share structure, trading, or valuation, and now you take on the crap we saw today? No, THIS is maximum pain and it SHOULD hurt. And it DOES. And until it is cleared up, NOBODY should be running around acting like we have won this ballgame. NOBODY. I still think we have a chance of winning it all. But by god, it is NOT a gimme.
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.
***
Posted by: prospector777 In reply to: None Date:10/28/2004 6:11:40 PM Post #of 20515
By: tonicma 28 Oct 2004, 05:48 PM EDT Msg. 109073 of 109082 Jump to msg. # People Settle Down, Halt VERY good. (Let) Me explain.
Ok I read many and including Zen's comment about the halt BUT, I believe Zen forgot to add something critical things in this. 1) The Halt could of happened anytime but why the day before the party, Why 1 day after the split where UCAD runned up BIG time while all the resource index was down. 2) Remember the fully reporting issue with UCAD, Well I think that they submitted it to the SEC and now they look at it and "KNOWS" UCAD, CMKX is a all MONEY, and a LOT of it. BUT MM are screwed and SEC knows this. SEC wants this to end amicably without any severe bloodshed. BUT the MM, as shown by the large increase in UCAD PPS etc, that they are really in deep up their own a-hole. So what can SEC do, Halt the thing to a) give MM some time to think and b) Make what is happening right now to shareholders, all out panic and "weakness" that MM really want. ALSO, remember this WHY is ONLY UCAD halted why isn't CMKX HALTED. Interesting, you damn right it is. Remember CMKX IS the KEY to all this. So if SEC and MM want to "legally" delay and bring fear to shareholders what would they do, halt cmkx or hald ucad. Well halting cmkx won't do a damn thing because the UCAD shares are restricted, BUT halting UCAD is good because we can't trade it anyways so this is the best way to Make Shareholders sell their cmkx shares at an all out panic. Look at it this way, MM need CMKX shares badly, all this talk about ucad short etc not important, CMKX is where MM are in real trouble. 3) UCAD will go to AMEX or Nasdaq soon, filed alread and SEC take this as a chance to again "legally" halt UCAD to further investigate the information provided. Note that SEC can't do anything to CMKX OR UCAD unless they have a legit reason, REMEMBER ROGER GLENN, so now they got that legit reason and tooked it. SEC know the books are clean and legit, but "just to make sure" lets "investigate it more" to give our good old pal MMs some more time to cover CMKX. 4) There was a post this morning saying that when he was talking on the phone to UCAD, the girl responded with Roger Glenn just came in. Intesting no, as it Glenn know this was going to happen. Why would Glenn come over right away, the halt might be the very last thing to expect so sudden, yet Glenn just pops in "business as usual". This I believe shows Glenn knew SEC would pull this type of crap, remember "Glenn IS the SEC" he worte the damn handbook that every major compnay uses to satisfy SEC regulations. 5) If you have not noticed GEMM, it suddenly droped from .12 to .09ish or so i believe right after the "halt" news was known. WHY simple to cover GEMM divi's asap, Remember MM can cover GEMM until the day the divi is distributed. This also include the 2nd GEMM divi. So all in all, look at this very closely, Everything is happening in a coordinated plan by the MM and the evil SEC pals of MM. Another, Who in the world, plans a party to pretty muchn all the shareholders if this is a scam. This is NOT a scam. We are rich, and this is the I believe the very last bash MM has on CMKX and UCAD. Their tactic, Operation UCAD Diversion. Brilliant, as you can see by the mass panic of the shareholders. I mean who would of thought UCAD or CMKX would be halted after months of large volume and crazy increase in price "without substance". Interesting no, SEC could of halted this before. WHY now, And remember GLENN knows exactly what the SEC can pull and do, and I believe he has anticipated this. This is why, all is well. - - - - -
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Oct 30, 2004 11:27:07 GMT -5
Post by azesm on Oct 30, 2004 11:27:07 GMT -5
MY OPINIONS RE: UCAD SPLIT ..."Z" « Thread started on: Oct 26th, 2004, 6:03pm » <br>FYI.."z"..
Posted by: zeninvestor32 In reply to: None Date:10/26/2004 2:00:37 PM Post #of 19839
MY OPINIONS RE: UCAD SPLIT
Again, I believe the following things:
1. A forward split is generally a good indication by management of solid business ahead. 2. A forward split is positive with respect to creating greater liquidity for institutional/fund participation. 3. Related to the above, greater liquidity makes UCAD a more attractive candidate for listing on a higher exchange based on a greater willingness for institutional participation. 4. I still believe the ucad dividend will be covered (possibly in waves which is why there may have been a lull as of late). With a stock price around $4.50-5.00, more retail investors will take a further position in ucad than they would if it were at $15. That's just inherent with lower prices and is why even companies like ebay or others do a split when the price gets "too high". So I think here that shorts will have more competition for shares so to speak (and there ain't that many to begin with).
Z
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Posted by: Kimberlite In reply to: zeninvestor32 who wrote msg# 19806 Date:10/26/2004 2:35:56 PM Post #of 19839
Zen, so you do think UCAD will settle out under its new ID around the $4-$5 area again?
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Posted by: zeninvestor32 In reply to: Kimberlite who wrote msg# 19814 Date:10/26/2004 5:44:45 PM Post #of 19839
KIMBERLITE
Personally, I believe at sub-$5, it will have a higher perceived value to retail investors. And since I believe most shares in the float have already been absorbed by long term holders, I think it will move past $5 comfortably. Even though there is no difference in the market cap, investor psychology is still at play. Retail investors would be far more attracted to owning 300 shares at $5 than 100 shares at $15. Add to that what appears to be a desire to move to a higher exchange, and I think any announcement to such effect could send the price up to $10 post-split. That's what I'm hoping at least. My target price is $10 post-split. Factors that could influence that are news, retail investors jumping in, any momentum traders and obviously short covering. I feel it's a very good investment. The real spike began on October 1. We're 3.5 weeks from that and today's close was the third highest close of the year for UCAD still. If my theory is right and the shorts have to continue to cover the dividend and/or continue getting calls/buy-ins, UCAD could spike even much higher than $10 post-split. We'll see. I'd probably be a seller at that point but then again, if it happens on very low volume I might hang on longer since the shorts might truly get stuck running it way up. We'll see. As I said, my ultimate goal is to turn my UCAD and GEMM profits around and back into cmkx.
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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fastwalker Global Moderator
"Mr Casavant, I've been a good boy..Xmas..could I have some diamonds..please?
Gender: Posts: 3692 Re: MY OPINIONS RE: UCAD SPLIT ..."Z"
on Oct 26th, 2004, 6:04pm, fastwalker wrote:
Good logic on the post split..might be closer to realizing a significant gap up and multiple splits within a 5-7 "working day" period, and heavy MM activity attempting to cover..
As I said to AZ earlier...RG Said In His Book That One Way To Help Fix an NSS Problem Is To Change Your CUSIP,,, UCAD Ran UP Because The MM's Had To Cover Their Short Position Through Them,,,,, since That's the Case, When UCAD Does a.. 3-1 Forward Split, The MM's Have To Cover More Shares, So If UCAD Get a New CUSIP Number/Name Change That Means That They (MMs) Can't Cover CMKX NSS Position Through UCAD Because They Need TO BUY UCAD Shares With The OLD CUSIP Number,,,, which are no loger availabe...and as Of The CLOSE TODAY That NUMBER Will Not/CAN NOT Be made Up Anymore,,,, Right...just a thought...
Guess what...tomorrow after the bell....the defecation will impact the oscillating rotary blades....wooowhee!
I hope they aren't sitting down...the pucker power will devaste the chair.....lol
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Z
Oct 30, 2004 11:28:31 GMT -5
Post by azesm on Oct 30, 2004 11:28:31 GMT -5
fastwalker Global Moderator
member is online
"Mr Casavant, I've been a good boy..Xmas..could I have some diamonds..please?
Gender: Posts: 3693 NOBODY SHALL DISAGREE WITH THE GREAT ZEN ..lol « Thread started on: Oct 27th, 2004, 11:09pm » <br>Can you say...over the top?
Posted by: zeninvestor32 In reply to: hoby111 who wrote msg# 20072 Date:10/27/2004 5:36:59 PM Post #of 20141
NOBODY SHALL DISAGREE WITH THE GREAT ZEN
Basically if you disagree with me, you are wrong.
Why? Because I am always right.
Want further proof? Everyone that disagrees with me is wrong.
As a mathematical principle, it's expressed as such:
zen = correct
Even if you agree with the above, you're still wrong. Why? Because I'm the only one that's right. Not you. Just me. Always right.
If you want to go someplace where you might be right, you'll have to go where I am not. Why? Because I'm always right and everyone else is wrong.
Need I say more?
Oh yeah, just kidding. LOL
One thing I do feel right about though is that I'll probably be wrong on quite a few of my predictions. Why? Because only Roger knows what's truly happening IMO. LOL
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.
Got to luv his style though...lol
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More "Z"....
Posted by: zeninvestor32 In reply to: None Date:10/27/2004 2:43:26 PM Post #of 20141
NEWS - BIG DEAL
News is "nice" but isn't going to help pps one troy oz. Until we understand share structure, news like this is completely wasted for cmkx. Although they might make a big deal out of it in Vegas. Who knows. I know people will say "But now we will be producing REVENUE!!" And I say, "Big deal, on 100s of billions of shares, who cares." We need to know a lot more. In the mean time, this news is more meaningful for USCA than CMKX. In fact, it's worthless for cmkx. News is better for USCA though.
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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