Post by fastwalker on Oct 26, 2004 9:17:25 GMT -5
*Non-Theory...« Thread started on: Today at 05:35am » <br>
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U.S. Canadian Minerals to Release Schedule for Funding
Tuesday October 5, 8:42 am ET
LAS VEGAS--(BUSINESS WIRE)--Oct. 5, 2004--U.S. Canadian Minerals, Inc. (OTCBB:UCAD - News) announced today that it will be releasing the timetable for completion of the previously announced funding transaction with a London based private investment company within the next few days. Upon public release of information by the private investment company, UCAD will provide further details.
John S. Woodward, President of UCAD stated: "We are eagerly awaiting completion of this transaction as it will allow us to continue on our path of rapid growth and acquisition."
Wow... that PR really got me excited. zzzzzzzzzzzzzzz
Yet... the market makers thought it was enough to news to bump GEMM and UCAD to an all time high in volume. UCAD had a 54% gain that day and GEMM had and 82% gain that day. After seeing that PR was your initial reaction... WOW... UCAD and GEMM are going to run? What does that mean?
The following is the volume of UCAD and GEMM since October 5th, listed, totalled and divided by their ratios.
UCAD GEMM 38,291 4,012,542 48,500 4,167,000 40,100 9,290,000 89,900 3,582,300 Coincidence? 46,800 2,917,600 Maybe? 60,900 5,997,600 192,100 3,060,600 303,500 5,215,400 256,700 5,622,000 663,000 8,609,900 679,700 7,936,700 79,000 3,377,300 Errrrrr.... 528,900 1,160,500 438,100 3,764,400+1,187,700 +4,008,000--------- ------------ 5,688,191 72,721,842 / / .00000962 0.00012267 ------------------ ---------------591,288,045,738 592,824,993,886 Maybe not.
IF (emphasis on IF) all the trades were covering of CMKX dividends over the last 15 trading days then UCAD indicates a naked short position of 591,288,045,738 and GEMM indicates a naked short position of 592,824,993,886.
It is odd that the volume of the last 15 trading days are so closely attached to the dividend ratios.
The difference in the naked short share indication of UCAD and GEMM is 1,536,948,148. That is very small when you consider
that the indications are at around 592 billion. (1,536,948,148 is about .26% of 592 billion)
***************Fun with numbers**************
The average volume of CMKX over the last 15 days is 11,054,022,090 per day. That means they could trade the entire A/S in 72
days at this rate.
The average over the last 69 days was 5,319,301,517 per day. That means they could trade the entire A/S (800 billion) every
150 days.
According to the numbers above over 60% of the float of GEMM (120 million) has traded in the last 15 days. Wow. What news has GEMM had? lol
UCAD's float is 8,562,345. Over 66% of UCAD's O/S has been traded over the last 15 days.
Just stuff to think on.
-burns
(what does it all mean?)
« Last Edit: Today at 05:37am by georgeburns » <br>
