Post by Bart on Nov 18, 2004 10:34:27 GMT -5
TEXT ;D ;D
Willy speaks out...
FWIW:
If we continue to stay in the gray area, then I expect the next Green Barron report to be even more direct towards the counsel and asking for news instead of suggesting to wait and be patient.
My point is this, and maybe I am speaking for myself here, as each day goes by without any news the shareholder community grows less and less confident of our initial investment. Personally, I would trade in every restricted share for the news we should ALREADY have. I can't even remember what it is like to have news, and any release of share structure at this point seems hopeless.
FWIW...from Willy...
Readers,
How long will it take USCA and CMKX to clear up their SEC and Canadian regulatory troubles?
I don’t think USCA has its troubles completely cleared up. I believe they have answered all the questions from the SEC but the SEC doesn’t stop with a question and answer session. Usually they probe deeper trying to justify the original stance they took which was suspending USCA trading for ten days. In my opinion the SEC’s next move would have been to depose all main individuals involved in the day to day operations probing deeper. I would guess this probe would also require a deposition from Urban Casavant. The SEC is looking for something and they don’t back off easily.
It was brought to my attention today Ed Dhonau filed a Form 4 11/16/04 stating he has recently sold 200,000 common shares of USCA at $4.10. The date of the sale was 11/12/04 the second day USCA started trading after the SEC suspension was lifted. This was somewhat disturbing to me because I would think this would set off a red flag when an investigation is going on by the SEC. But on the other side Ed Dhonau has sold stock every month since 3/22/04, the amounts smaller but he has sold stock regularly all year.
In addition to Ed Dhonau’s selling stock we all need to consider his overall position held which began this year at 928,100 common shares and is currently reported at 638,400 common shares. The held amount remains at approximately two thirds of his original held common shares.
Source MyTrack
USCA open high low close change volume
11/12/04 3.10 3.25 2.90 3.10 +0.20 84,293
11/11/04 4.00 4.25 2.00 2.90 +2.90 622,662
After looking at sales for USCA on 11/12/04 I can’t find 200,000 shares sold at $4.10. I do see heavy volume on the 11th but not the 12th. Even if the sale was the 11th this could suggest a possible private transaction above the market price for that day. This would not surprise me if something like private sale took place. Did Ed Dhonau possible make a error by one day in his fling the Form 4?
In Canada Urban has his challenges facing him while accused of selling non-registered securities. This is not a fraud case or anything criminal but the response of evidence to prove this allegation false. The response needs to be fast with factual evidence that non-registered stock sales did not take place. Roger Glenn, the company attorney, needs to act fast in my opinion. To prove the Canadian allegation false would also show the SEC no wrongdoing has taken place on the part of Urban Casavant. I am sure the SEC has or will depose Urban in regards to his relationship with USCA so it would be nice to have the Canadian allegations covered if he is or was deposed.
My readers and friends are asking what my opinion is as far as news coming out of CMKX. Most of the investors I know are more concerned with CMKX because CMKX ownership shares are free trading and USCA divvy shares are 1 year restricted so they believe USCA is not a major concern unless you have bought USCA common shares. I agree with them that CMKX news is the main concern to many.
We have been told USCA and CMKX have a self-imposed quiet period established so nobody will say anything that could jeopardize either company while SEC investigations are taking place. Also rumor has it no CMKX news until the Canadian troubles are satisfied. I look at this in a strange way because news would mainly affect the US markets. I would suggest if depositions are being taken from Urban or whomever that as soon as they are over CMKX starts the news we all anticipate. To hold back substantial news from shareholders only suggests something just might be wrong inside CMKX or for that matter inside USCA.
Everyone that attended and even shareholders that did not attend the Vegas party are fully aware expected news from the party has not taken place. We know CMKX has news to put out and many of us believe it’s substantial enough to move the share price off these lows it has been trading at for months.
What I expect in regards to news:
1. Board of Advisors
2. Filing Financials
3. Update on Uranium Property
4. Update on Gold Property
5. Update on Mineral Finds in Canada
6. Update on Drilling Projects & Possible Addition of New Drilling Rigs
7. Possible Purchase of New Properties
I would like to think Urban understands shareholders are getting very restless. Many have already trimmed their positions down taking some risk capital off the table. Also those that have sold realize they have all their dividends locked in and selling stock does not make a difference in the next GEMM divvy the end of November.
My time frame to expect news could be as early as this weekend but more likely next week at earliest. If the Canadian troubles drag out news might not come until December but I would like to think the company is close to releasing news to allow shareholders a happy Thanksgiving Day weekend. This is not the time of year for either company to slack off while they should be going full blast ahead.
Urban!! get past the trouble period and stop hiding news from shareholders. Either CMKX has news or they don’t and stop allowing the Canadian regulatory commission to determine the outcome of a US Corporation. CMKX and Roger Glenn need to stop hiding and stand out not allowing the authorities to stop both these companies in their tracks. Show the shareholders you have some moxy in your blood.
Thank you,
Hal Engel aka WillyWizard
;D ;D
Willy speaks out...
FWIW:
If we continue to stay in the gray area, then I expect the next Green Barron report to be even more direct towards the counsel and asking for news instead of suggesting to wait and be patient.
My point is this, and maybe I am speaking for myself here, as each day goes by without any news the shareholder community grows less and less confident of our initial investment. Personally, I would trade in every restricted share for the news we should ALREADY have. I can't even remember what it is like to have news, and any release of share structure at this point seems hopeless.
FWIW...from Willy...
Readers,
How long will it take USCA and CMKX to clear up their SEC and Canadian regulatory troubles?
I don’t think USCA has its troubles completely cleared up. I believe they have answered all the questions from the SEC but the SEC doesn’t stop with a question and answer session. Usually they probe deeper trying to justify the original stance they took which was suspending USCA trading for ten days. In my opinion the SEC’s next move would have been to depose all main individuals involved in the day to day operations probing deeper. I would guess this probe would also require a deposition from Urban Casavant. The SEC is looking for something and they don’t back off easily.
It was brought to my attention today Ed Dhonau filed a Form 4 11/16/04 stating he has recently sold 200,000 common shares of USCA at $4.10. The date of the sale was 11/12/04 the second day USCA started trading after the SEC suspension was lifted. This was somewhat disturbing to me because I would think this would set off a red flag when an investigation is going on by the SEC. But on the other side Ed Dhonau has sold stock every month since 3/22/04, the amounts smaller but he has sold stock regularly all year.
In addition to Ed Dhonau’s selling stock we all need to consider his overall position held which began this year at 928,100 common shares and is currently reported at 638,400 common shares. The held amount remains at approximately two thirds of his original held common shares.
Source MyTrack
USCA open high low close change volume
11/12/04 3.10 3.25 2.90 3.10 +0.20 84,293
11/11/04 4.00 4.25 2.00 2.90 +2.90 622,662
After looking at sales for USCA on 11/12/04 I can’t find 200,000 shares sold at $4.10. I do see heavy volume on the 11th but not the 12th. Even if the sale was the 11th this could suggest a possible private transaction above the market price for that day. This would not surprise me if something like private sale took place. Did Ed Dhonau possible make a error by one day in his fling the Form 4?
In Canada Urban has his challenges facing him while accused of selling non-registered securities. This is not a fraud case or anything criminal but the response of evidence to prove this allegation false. The response needs to be fast with factual evidence that non-registered stock sales did not take place. Roger Glenn, the company attorney, needs to act fast in my opinion. To prove the Canadian allegation false would also show the SEC no wrongdoing has taken place on the part of Urban Casavant. I am sure the SEC has or will depose Urban in regards to his relationship with USCA so it would be nice to have the Canadian allegations covered if he is or was deposed.
My readers and friends are asking what my opinion is as far as news coming out of CMKX. Most of the investors I know are more concerned with CMKX because CMKX ownership shares are free trading and USCA divvy shares are 1 year restricted so they believe USCA is not a major concern unless you have bought USCA common shares. I agree with them that CMKX news is the main concern to many.
We have been told USCA and CMKX have a self-imposed quiet period established so nobody will say anything that could jeopardize either company while SEC investigations are taking place. Also rumor has it no CMKX news until the Canadian troubles are satisfied. I look at this in a strange way because news would mainly affect the US markets. I would suggest if depositions are being taken from Urban or whomever that as soon as they are over CMKX starts the news we all anticipate. To hold back substantial news from shareholders only suggests something just might be wrong inside CMKX or for that matter inside USCA.
Everyone that attended and even shareholders that did not attend the Vegas party are fully aware expected news from the party has not taken place. We know CMKX has news to put out and many of us believe it’s substantial enough to move the share price off these lows it has been trading at for months.
What I expect in regards to news:
1. Board of Advisors
2. Filing Financials
3. Update on Uranium Property
4. Update on Gold Property
5. Update on Mineral Finds in Canada
6. Update on Drilling Projects & Possible Addition of New Drilling Rigs
7. Possible Purchase of New Properties
I would like to think Urban understands shareholders are getting very restless. Many have already trimmed their positions down taking some risk capital off the table. Also those that have sold realize they have all their dividends locked in and selling stock does not make a difference in the next GEMM divvy the end of November.
My time frame to expect news could be as early as this weekend but more likely next week at earliest. If the Canadian troubles drag out news might not come until December but I would like to think the company is close to releasing news to allow shareholders a happy Thanksgiving Day weekend. This is not the time of year for either company to slack off while they should be going full blast ahead.
Urban!! get past the trouble period and stop hiding news from shareholders. Either CMKX has news or they don’t and stop allowing the Canadian regulatory commission to determine the outcome of a US Corporation. CMKX and Roger Glenn need to stop hiding and stand out not allowing the authorities to stop both these companies in their tracks. Show the shareholders you have some moxy in your blood.
Thank you,
Hal Engel aka WillyWizard
;D ;D
