|
Post by Boaz on Sept 24, 2004 17:00:55 GMT -5
CMKM Diamonds Announces Dividend Stock Will Be Paid on Oct. 6, 2004 Friday September 24, 5:44 pm ET LAS VEGAS--(BUSINESS WIRE)--Sept. 24, 2004--CMKM Diamonds Inc. (Pink Sheets: CMKX - News) announced that the dividend of U.S. Canadian Minerals Inc. stock will be paid on Oct. 6, 2004, rather than today. "The delay was because of the enormous amount of administrative work that needs to be done by the transfer agents for both companies in order to make that distribution," said Urban Casavant, the company's chief executive officer. "We do not anticipate any further delays in paying the dividend." The record date for the dividend remains unchanged. Rendall Williams, CEO of UCAD, stated, "Through the suggestion of management of CMKX and their corporate attorney, D. Roger Glenn, UCAD's management has agreed to issue additional shares for the round-up process for this distribution. UCAD has agreed to issue additional shares so all CMKX shareholders can take part in this distribution." Williams continued, "The relationship with CMKX shareholders is a welcome addition to our new family." Glenn said, "The company's accountants are working to complete the audit of the company's financial statements. When that has been accomplished, the company will be well on its way to becoming a reporting company again." Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations. Further developments and other information on the company may be viewed at our Web site, www.casavantmining.com. -------------------------------------------------------------------------------- Contact: CMKM Diamonds Inc. Melvin O'Neil, 306-752-3755 877-752-3755 Fax: 306-752-3754 ipr@sasktel.net
|
|
|
Post by smilingtman on Sept 24, 2004 17:45:20 GMT -5
intersting thing ucad has AGREED to round up shares and going to kick more in. It's not a big thing for us it's only one share we are talking about. But IMO it is saying we have someing great and ucad wants a part of it. Also they are looking forwards to having US as share holder in UCAD. Can't wait to see the BIG picture with cmkx :-).
Tony
|
|
|
Post by shaboink on Sept 24, 2004 19:17:15 GMT -5
"Through the suggestion of management of CMKX and their corporate attorney, D. Roger Glenn, UCAD's management has agreed to issue additional shares for the round-up process for this distribution. UCAD has agreed to issue additional shares so all CMKX shareholders can take part in this distribution."
Does this mean you don't need to be a share holder of record (8/20/04)? Does all mean all? Or, does it mean some of the all? Could it be, like a choir where all are there to sing but some may just be moving their lips? Sort of like a ventriloquist and his dummy? Have I absolutely confuse ALL of you? It’s a Spiritual gift “don’t you know” (that a midwest phrase, but not ALL in the Midwest use it).
|
|
|
Post by Supreme on Sept 24, 2004 19:22:00 GMT -5
Doesn't everyone find this line to be the most important?>>>>Glenn said, "The company's accountants are working to complete the audit of the company's financial statements. When that has been accomplished, the company will be well on its way to becoming a reporting company again."
He is talking about CMKX becoming fully reporting again right?
|
|
|
Post by WWJDthrume on Sept 24, 2004 19:30:50 GMT -5
I think that the all shareholders includes those with Naked Shorted Shares. There would not have been enough shares for the MM's or their clients to cover this dividend.
This is good news. They are not hyping the Naked short but I think it exists and when the MM's and their clients pay this one the stage is set. This is step one.
I think step 2 is one of the follow up dividends will be a cash dividend and it will get the share price moving up especially if another dividend like SGGM is announced. I think any partial dividend can be given as cash. We will find out. I am hanging tough with my shares.
The above is my opinion and should be treated as just that. I have lots of opinions. -Debi
|
|
|
Post by shaboink on Sept 24, 2004 19:32:00 GMT -5
I believe this is true since: a) the source of the pr is cmkx. b) Roger Glenn has been hired by cmkx and not ucad c) Rober Glenn speaking in the first person d) ucad is a fully reporting company. e) the voices in my head said so. f) Of course I'm only kidding you about e).
|
|
|
Post by WWJDthrume on Sept 24, 2004 19:35:45 GMT -5
I believe this is true since: a) the source of the pr is cmkx. b) Roger Glenn has been hired by cmkx and not ucad c) Rober Glenn speaking in the first person d) ucad is a fully reporting company. e) the voices in my head said so. f) Of course I'm only kidding you about e). g) At least the voices in your head said you were kidding about e).
|
|
|
Post by CanIplay2 on Sept 24, 2004 20:21:13 GMT -5
Today was the expected day for the payout but it was never declared in writing. Now we have an actual payout date that is in writing. If we don't see UCAD shares in our accounts Oct 7th we have something to discuss with our Brokers. The UCAD dividend is more important than you might think. It will require locating the true shareholders and establishing the path to pay out the dividends to them. Once this is done for UCAD the other dividends will just follow the same paths. The administration of the suceedind dividends will be much easier. The fact that our Financial Statements are being Audited is visable proof that they have been completed. Thats right, it means they are already done. There can not be many more steps to being Fully Reporting after that IMHO. This was a very good PR. IMHO.
|
|
|
Post by WWJDthrume on Sept 24, 2004 20:27:20 GMT -5
Hi CanIPlay2-I love your post-Well thought out and on target. I am seeing the light at the end of the CMKX tunnel and it is not a train. Bob-I love your post too. Just busting your chops on e-g. -Debi
|
|
|
Post by RPJII on Sept 24, 2004 21:17:47 GMT -5
the voices in your head can be useful at times...
|
|
|
Post by dirtymonkey on Sept 24, 2004 23:58:27 GMT -5
I think this is part of a deal with CMKX and the m's to have more time for them to cover. You have to look at past pr's all parties involved were at the meeting in Canada. MMs's included. They have struck some sort of deal and they need more time. It's just a matter of time!!!
|
|
|
Post by WWJDthrume on Sept 25, 2004 7:54:48 GMT -5
If you read thru the Naked Shorting law revision it doesn't have any teeth until January 2005. But it is in effect now and they have 13 days to cover.
So if anyone wants out at a profit I think they will have their opportunity within the next two weeks. This is my opinion. I will possibly sell some of my recently purchased shares that are not eligible to the UCAD dividend. But I think CMKX is a long term winner. I had the opportunity last time it spiked to .0011 to make a large return on my investment or at least make it a free position and I didn't do that. I bought instead. This time around I plan to take a free share position if I cando that without giving up too many shares in the process.
Roger Glenn telling us he is working on the filing signals that the time of that filing is near IMO. I think the filing will be good news and the share price should be getting ready to soar. I think having a well thought out plan is a good idea. Emotions can get the best of you when you see the price skyrocket it is easy to want to buy more. And when it tanks it is easy to jump in and sell, since fear of losing your gain messes with your mind.
Having a well thought out plan for selling and harvesting your stock is a good idea. My personal plan is to do very controlled selling in small amounts. By doing that I will get a good average price and I will have plenty of shares as the price goes up. If it goes down it may be so the MM's can load up shares to take it back up again. This happens every day. They can play your emotions like a fiddle. We are basically minnows swimming with Sharks. At least listen to some minnows who are swimming in these waters every day.
I do not have any specific price targets at this point. I don't want to sell any before .01 but we will not have control of the price until we file. There are many day traders who will be taking profits at .001-.003 and will be thrilled to get it. I don't think that is a good enough return on this high risk investment. Especially since CMKX is giving some quality dividends right now and could be getting ready to give some more. But you need to consider your own needs and goals. If you put more into this than you feel comfortable with then you should probably do some controlled selling starting as early as .0014 or earlier if that is double your cost. I picked .0014 because some may have paid .0012 so I would expect that those people will be most anxious to get out.
But big news will change everything so watch the news. If the filing occurs that is the time to dig in and read before selling a morsel IMO. Of course pray for wisdom and consider the tax implications of your decision. It doesn't make sense to sell just to pay taxes. I will probably write more on this subject maybe on a different thread. IMO-God Bless-Debi
|
|
|
Post by DiamondDave on Sept 25, 2004 10:02:55 GMT -5
Debi, Nice post, was about to to ask you about the SEC reg. Still have one ?? Are the 13 days, calender or business days? Thanks for all your Great Post :DMay You Always Have Enough DD
|
|
|
Post by WWJDthrume on Sept 25, 2004 12:09:03 GMT -5
HI DD- Here is the link for the SEC post here at CT's and the 13 days part is in Part 2 dealing with failure to deliver in threshold securites. christiantrader.proboards28.com/index.cgi?board=diamond&action=display&thread=1096066696I think this applies to us. They have 13 consecutive settlement days. Meaning days the market is trading. But they really treat the MM's with kid gloves their short in threshold delivieries that were created before the security was listed as a threshold security (meaning a security sufffering failure to deliver according to specific guidelines) does not have to cover in 13 days. But the subsequent short does. The dividends may convince the folks who have gone long with their short to change their mind. The longer they wait to pay it off the more painful it will be. The tighter we hold our shares the better the price will get. The days of pretending that .0002 is a good selling price are gone IMO. I am not a lawyer and this is written in legalese. I do like to pretend I'm a lawyer (and a Country Doctor like Granny in the Beverly Hillbillies); but there are a few elements in this law I haven't taken the time to unravel. I am hoping we do have some lawyers among us who will step up to the plate and take a swing at answering this. This law doesn't have the teeth I would like it to have. But it will eliminate some common naked shorting problems against companies that are diligent in managing the tracking of their shares. I am expecting some real good to come out of this since I am sure we meet the definition of a threshold security even with 800 Billion shares Authorized. That is scary. I am chomping at the bit to read the filing when CMKX finally does get finished. It will tell the whole story. IMO. God Bless-Debi
|
|
|
Post by CanIplay2 on Sept 25, 2004 14:17:02 GMT -5
Deb good job yourself. I may understand taxes but the Naked Shorting rule is all Greek to me.
One thing that just came to me. I think the MM's could shake loose a lot more shares by increasing the price and letting it drop. I am sure we would have all been happy to sell last spike and increase our position about 300%.
The problem then and still now is if it does take off it may nevewr come back down.
|
|