Post by fastwalker on Oct 18, 2004 0:51:27 GMT -5
By: stervc
17 Oct 2004, 10:19 AM EDT
Msg. 100415 of 100895
(This msg. is a reply to 98759 by breakout-bull.)
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Break-out & All, not necessarily...
The UCAD pay out could have been based upon the numbers that were coordinated back to Roger from the Depository Trust Company (DTC) for being all of the shares that had transacted through the DTC from the Market Makers (MMs) that the DTC had placed into our accounts.
This is to include the naked short and the non-naked short shares. This is what we now know as the Float. Normally the Float is smaller than your Outstanding Shares (OS), but in this case with CMKX, the Float is larger than the OS because of including the naked short shares and the non-naked short shares.
The Authorized Shares could have increased too from 500 Billion to 800 Billion because the initial number that Roger reported to the OTCBB authorities was that number with the .0000155:1 ratio reflecting 483,870,967,741 shares needing to have UCAD dividends paid out to CMKX shareholders.
From further coordination with the DTC, the DTC said that their records show that there were 779,625,779,625 shares of CMKX that were needing to have UCAD dividends paid out to CMKX shareholders.
Because of such, Roger realized that this is how the DTC can be used to prove to them that a naked short exists by allowing the DTC to reveal such to them selves by using their number for shares transacting to be placed into peoples' accounts because they are the ones who are responsible for doing so. They would know more than anybody. So Roger increases the AS by 300 Billion to capture that 779,625,779,625 number of shares.
Saying that your stock have been naked shorted doesn't do much except to place you in line with the many other hundreds of stocks that are saying the same thing. The thing to do is to make the DTC see it for them selves to be on your side for resolution as what Roger is doing by doing it this way.
So in conclusion, Roger has instructed the 7.5 Million UCAD dividend shares to be paid out on the naked short and non-naked short shares for our situation which was 779,625,779,625 to have such revealed to the DTC by the DTC. This now puts the DTC on our team as a friend now instead of a foe.
This might have been discussed already as I talked about this in Paltalk weeks ago as an option. Sorry if this is a repeat of old thoughts. This is only another opinion as to what could be happening.
All is well!
www.sterlingsclass.com/
;-)
Sterling
