Post by fastwalker on Oct 27, 2004 22:59:51 GMT -5
:oFrom Sterling board - Interesting read
« Thread started on: Today at 6:13pm » <br>
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richmi03
27 Oct 2004, 01:15 PM EDT
Msg. 107770 of 108000
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Re: CMKX: Where we're at, in my humble opinion...
I've been watching level II on UCAD/USCA, GEMM and CMKX for quite some time now and I have a simple theory as to what is going on today. We have heard rumors over the past week that the companies have been in discussions with the MM's to work out some kind of deal. This is because Roger Glenn has them by the shorthairs with likely only one way out...cover the CMKX naked short position. If not, you guys will be covering dividend shares forever or until you're broke.
BSIC, (Daryl Pryor), is the MM on our side. If the NSS MM's/hedgies work out a deal, then we help them to get out of the dividend situation and the NSS by agreeing to sell them shares at agreed prices. We also sell them CMKX shares to get long on so that they can make some $$ on the long side so as not to kill them with their short covering. Some might not like this, but, IMHO, it is best for the company. The alternative is all of our shares and money being locked up in litigation for years with an end result being we maybe get our cash back...maybe. I personally don't like this option and would rather see a deal get worked out where all parties are happy and we can get on with life.
Today we have seen BSIC move off the ask altogether. I suspect this means he is done selling CMKX shares to shortie, so they have their long position or are close. Perhaps not all of the shorts have agreed to the deal. It wont matter. They'll end up sorry for that choice.
So, we with either get a controlled short squeeze that takes the price up gradually or something has been worked out where CMKX will be free of any NSS and will be free trading. In any event, all we will need next is a trigger, such as some sort of PR stating valuation, revenues, deals and fully reporting. Maybe we get this before the party. Maybe we get it at the party. I have a hunch, based upon what Urban intimated on the Green Baron CEO webcast, that part of the news we'll hear from the party is that we are fully reporting.
Again, this is all just my opinion. If I'm wrong it won't be the first time and I doubt it will be the last.
Take care.
Rich
« Thread started on: Today at 6:13pm » <br>
--------------------------------------------------------------------------------
richmi03
27 Oct 2004, 01:15 PM EDT
Msg. 107770 of 108000
Jump to msg. #
Re: CMKX: Where we're at, in my humble opinion...
I've been watching level II on UCAD/USCA, GEMM and CMKX for quite some time now and I have a simple theory as to what is going on today. We have heard rumors over the past week that the companies have been in discussions with the MM's to work out some kind of deal. This is because Roger Glenn has them by the shorthairs with likely only one way out...cover the CMKX naked short position. If not, you guys will be covering dividend shares forever or until you're broke.
BSIC, (Daryl Pryor), is the MM on our side. If the NSS MM's/hedgies work out a deal, then we help them to get out of the dividend situation and the NSS by agreeing to sell them shares at agreed prices. We also sell them CMKX shares to get long on so that they can make some $$ on the long side so as not to kill them with their short covering. Some might not like this, but, IMHO, it is best for the company. The alternative is all of our shares and money being locked up in litigation for years with an end result being we maybe get our cash back...maybe. I personally don't like this option and would rather see a deal get worked out where all parties are happy and we can get on with life.
Today we have seen BSIC move off the ask altogether. I suspect this means he is done selling CMKX shares to shortie, so they have their long position or are close. Perhaps not all of the shorts have agreed to the deal. It wont matter. They'll end up sorry for that choice.
So, we with either get a controlled short squeeze that takes the price up gradually or something has been worked out where CMKX will be free of any NSS and will be free trading. In any event, all we will need next is a trigger, such as some sort of PR stating valuation, revenues, deals and fully reporting. Maybe we get this before the party. Maybe we get it at the party. I have a hunch, based upon what Urban intimated on the Green Baron CEO webcast, that part of the news we'll hear from the party is that we are fully reporting.
Again, this is all just my opinion. If I'm wrong it won't be the first time and I doubt it will be the last.
Take care.
Rich
