VEGAS "REPORTER" patinhouston

[fastwalker]

:oVEGAS "REPORTER" patinhouston
« Thread started on: Today at 07:25am » <br>
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Below is patinhouston's accounting of the Vegas party. patinhouston is one of our "reporters" who attended and also tried to get as many of the questions we put together answered. It is lengthy but an interesting read. I felt it better to leave it completely unedited.

Thank you patinhouston for your help and taking the time to write all of this up.

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PART 1
First, What a trip ! Second, how good to be home !
If this post becomes lengthly, I'm sorry in advance, but I want all the details, large or small to be included for better minds than mine to piece together. I am writing this WITHOUT proofing or spell check, so pity my grammar and spelling. I also took some pictures ( which I will post later ) of the party itself so that you can see the amount of money, food and entertainment was put forth for this event.

(The Party itself.)
Some 2 thousand + people have finally managed to squeeze our way into the banquet room and are trying to find chairs to sit and go back to have some of the fantasic food that was present. There were plently of tables available toward the front of the stage ( some 15 or so ) but they were all marked "RESERVED"....and in fact, they weren't for 'small nobodys' like my wife and I ( 60 years old plus and walking Vegas all day...I'm not happy that we both have to stand at a tall table for 3 hours plus...can you tell? ).
We first were entertained by Elvis the Plevis and I must admit it wasn't bad. After Elvis came, "Love Shack" ( about a 5 to 6 person group ) and they were very good and played their first set for about 30-45 minutes. Everyone was getting restless after Love Shacks;' second set finished and then appeared Ed D.( Nevada Minerals and UCAD )
Ed D came on stag and handled himself like a PROFESSIONAL show announcer and proceeded to get people ready to look at their ticket numbers ( on the wrist bands ) which each person had been given, to begin the drawings for the prizes:
• The first prize was the 2005 Kia automobile, which a lady finally won from a group of 15 drwings
• The second prize given a drawing of 30 ticket numbers, each for a chance at receiveing a letter containing various amounts of cash ( lowest being $300.00).
• The third and final drawing was done the same way ( 30 numbers )as the previous one, and this was for internet access units for your home television set ( 495.00 valued ).

At the end of the drawings, Ed made a beautiful speech and asked everyone to look at a video that they had prepared for this party....the video would explain itself. the video was showing pictures of the Dallas race and people at the tent there. My daughter and I were at the Dallas race and so I remember the settings etc. I also remember spending an hour laughing and trying to find out all the rumors from one person ( who had perhaps one million shares and was hoping big time for his wife and young baby )...to cut a story short..this video was in memory of Dale Fyke ( please correct the name if I'm wrong ) this is the young man that a few days after the race, was killed in a car accident! For those that don't know...Chris with UCAD ( at that time ) flew down to Dallas and attended his funeral. I will never get over the feeling that this company appearantly has for its shareholders and human beings.
Love Shack came back and continued to play for about an hour when people started feeling uneasy from standing and nothing happening ( mixed drinks were also available for $4.50...when I last looked, business was good.), a lady ( 30 ish ) came on stage and somehow got herself a microphone and proceeded to explain to UC that he needs to get on stage and start telling CMKX's shareholders some information and the status of drilling, becoming fully reporting etc.
At first I thought this lady was trying to get everyone's attention to introduce UC but as the Security gaurd came up onstage and chased her off ---the crowd then realized NO news was planned and the party was finished. As I was instructed to do, I was told by another person that this lady said she was from Canada and her name was Lesley )

[fastwalker]

PART 2

The Meeting with Ed D. in the banquet

I was standing with my wife and decided to mosey up toward the stage to see if I could see someone to find out if something or someone was going to say something..I spoke with Sterling and he was as much in the dark as I was so I keep weaving through the crowd. I finally realized that i was standing infront of Ed D. and two other men talking quite distrubingly to him. Both men I have seen in pictures somewhere, but the one man closest to me was very upset and told Ed, that if he didn't tell him some information for his investors, he didn't know what they would do. Listening or trying to listen would be more accurate was hard because Love Shack was still playing for the deaf people of our shareholders. Ed D. keep mentioning that he COULDN'T say anything and that he really wanted to but it would be impossible due to the halting of the USCA in the previous days, and the claims that SEC were concerned with.
Ed mentioned that UC and himself had soo much good news that they had purposely began a video so that they would not forget anything of importance, to show the shareholders. Ed went on to say that Urban had spent alot of time on it and it was no easy ordeal and he was tried.

Side comment: I met Urban's cousin from Canada, while having a cigarete. With all the recent stock news and feelings from the shareholders, Urban not only was there, he brought his mother, brothers, one son, I guess the whole family partically.)

I asked why all the balloons over the dance floor, if no news was going to be told. Ed said that his son was supposed to pull the cord to release the balloons when the car was given away, but that his son pulled the cord on the right side of the stage which did nothing and the real drop cord was on the other side...therefore...no falling balloons ( Ed smiled and shook his head, " at least we don't have to wade through those" he said. ). I told Ed I was OLD-TRIED-and really thought that since Ed had stated that he could NOT talk at the party, would he PLEASE leave the party and at least chat with some of the shareholders OFF SITE. I Then told him that if he wasn't going to meet with us that I had a list of questions from shareholders that I wanted him to give to UC...he took the list ( with my email address on it ) and then said OK let's take this disscussion to another room. I will stop here and say I single handedly did NOT get ED to leave the banquet room, there were several people all trying to push Ed in the right direction, and several times Security asked him if he wanted an escort ....Ed continually said NO.

The Meeting with Ed away from banquet.

Security helped Ed off to a smaller meeting room with myself and a train of people following.
He began to tell everyone that he was UCAD and that he COULD NOT speak for CMKX. He could only speak as a shareholder himself.
He asked the question on who everyone felt had paid for this party? was it CMKX? most shook their heads and said they didn't think so. Ed stated that originally he wanted a small shareholders party for UCAD ( say 200 ) and then thought it good to include CMKX shareholders do to the amount of progress and good news that both companies had experienced over the last few months.
He stated that his NOT TALKING wasn't because he didn't want to...in fact...they hadn't spent all this money and effort, to NOT TALK!! Ed said of all people who wanted to let the facts of good pending news...he probabily would be the LOUDEST AND FASTEST to let the news out..." I love to tell you what I know, but this is a business! and business decisions are made for a reason!.


Ed proceeded to explain that the SEC scans the market and whether or not they are getting their information off 'Raging Bull" or other such sources that puts the company is a bad light, isn't the issue. Ed stated he knows that there is a NN's problem and he knows they know. The reason for the halt by the SEC was believe it or not..to safe gaurd shareholders due to some of the rumors that are present in the marketplace...whether they be true or not they HAVE to investigate.

With the volume and stock rises UCAD has shown over the last few months and the recent split and moving boards is enough by itself to warrant asking some questions.

Ed stated that of the 18 questions given UCAD to explain to the SEC one was about their audits, and when was the last time they had done an audit. Ed stated that unlike most companies which audit perhaps once or twice a year, UCAD audits every quarter.( Ed thought they should have looked at their last filing before making it a qiestion. He told us that UCAD takes their reporting seriously, and you can look at their PR's and their filings to support that.
Ed stated that the halt of the company took everyone off gaurd, and that Roger Glenn had spoken with the SEC and received their concerns and had a meeting with them Wed Nov 3rd.2004.and hopefully the issues can be resolved early.
Ed stated that they didn't want to have the SEC raise more questions and extend the HALT because of ignoring some their questions.
Sec has concerns about the value and volume amount UCAD has shown. Ed stated that one question was about the shareholder party and was there any information that was going to be given at this shareholder party that would encourage people to buy more stock after hearing the news and/or PR....Ed stated ...you better believe it. They then said that until the investigation was over that NO NEWS affecting this stock should be released...it had been halted.

[fastwalker]

PART 3

I could see in Ed's eyes the worry and concern he had regarding what he was talking about. He was ready leave several times when he saw people on their cellular phones. He stated that NO one could use tape recorders or phones or any method of repeating what he was saying. He didn't want anyway to call the SEC and raise a stink or bring anymore attention to this problem than was already present. He brought up the possible problems that CMKX would have if anything even similar toor like this would befall CMKX. There is a worry, in the eyes of somepeople that the shareholders of CMKX are almost like a cult and lead by UC and the SEC doesn't want people in an controlled or manlipulated state in the stockmarket and are the watchdogs of that problem---whether they are right or wrong. ( terrible sentence structure..)

Ed went on to answer questions and stated that thanks to Jason's video camera he had already given the shareholders enough information about the great news that was going to be released tonight. He stated that CMKX is an exploration company, where as UCAD is a resource/revenue growth seeking company. CMKX drills holed in the ground trying to find that lucky deposit jor resource. Ed stated that exploration companies have a certain intrinsic market value but only until they actually have a solid/real marketable product to sell could CMKX stock advance to a higher PPS than it is presently. Ed said that with a product and actual producing revenue from that product and become a fully reporting company would CMKX advance foward.

Ed asked if anyone had seen UC at the races lately. I said "NO INDY nor DALLAS". Ed stated that UC and himself had been working themselfs silly and that having a stroke. Ed's beautiful wife finally appeared, and Ed said if you don't think we have been busy ask my wife how many hours she has seen or been with me...mind you not days or weeks...just hours. She nodded her head upon hearing his words.

Ed bought up that he was about to leave earlier in the week to make UCAD's third major signing of bringing in another revenue resource but with the SEC problem popping it's head, that he had to pospone the trip.

Ed also mentioned the claims that they were working in South America and would like to basically tie the entire area up in contracts and were looking into further acquistions.

>From listening to Ed ( him still holding my printed questions in hand for UC ) and hearing what I had laid out above, I felt secure I knew enough that I could leave and go back to my lonely wife.

[fastwalker]

:DThe thing that concerns me is that Ed mentioned that CMKX pps won't move until there they have proven goods and that they are making money off of said goods.

[lazerboy]

so do you think its still GOOD news,that they had for cmkx shareholders ,in your opinion?

[fastwalker]

lazerboy said:

so do you think its still GOOD news,that they had for CMKX shareholders ,in your opinion?

First of all, welcome aboard lazerboy, as to your question, there are simply too many variables to actually predict with any certainty, what is good news or not.

Given the function of the party...a shareholder appreciation party, much was said surrounding the party, however, what was said, was not generated by UC or other official channels, it was rumor generated by shareholders, in anticipating what they thought...kind of a transference of their hopes and dreams into a real situation , which in turn, caused many an unhappy shareholder...

One reason why we try not to speculate...we will bring posts here with speculation, but as you see, we have a rumor mill for them..