Owner
Post by Franko10 ™ on Apr 5, 2005 19:29:42 GMT -5
A Different Angle...
Class,
As you all know by now my opinion of CMKX has always been that there is a huge NSS position. I have speculated that this is the reason we haven't filed, that we haven't received the news we're waiting for, and that it needs to be cleaned up before we move forward. I have also speculated that the "real" float is certificate holders only due to CMKX insiders holding nearly all the O/S while all retail investors hold NSS. This virtually non-existant float combined with the fact that we "have the goods" would be UC's trump card and the reason the SEC and Shorty don't want CMKX's filing to become public.
Over on PB32, a poster named More Cowbell brought up an interesting point that I had never thought of. I don't even think he realized just how significant it could be IMO. One thing that led me to come up with this idea is we know Iron Bob doesn't hold any CMKX shares. Why in the world would a Chairman of the Board not hold stock in the company he represents? Well, I think it's because he (and other deep pockets) hold a large amount of CIM. I have nothing to prove this because CIM is a private company. However, that's the beauty of it. What if CIM is the entity that holds the greatest amount of "real" CMKX shares? That means CIM basically owns CMKX for all intents and purposes.
Think about it for a minute. A private company where deep pockets can fund the purchase of CMKX shares under the radar at bargain basement prices without any interference from the SEC and any associated filings? We have absolutely no idea how much money CIM has, no idea who is invested in CIM, and no idea what CIM has been doing. This would make it very simple and affordable for Citigroup to purchase the remaining "real" float (certificate holders) while forcing Shorty to pay whatever price was negotiated. Thus the end of NSS, the shareholders get a huge payday, CMKX rolls into CIM, Citigroup IPO's CIM, and off we go!
If the "real" float is certificates then:
Hypothetical 10,000,000,000 "real" float x $.54 = $5,400,000,000 which is within reach.
Anyway, I have been playing this scenario over and over in my head for the last few days. I would really like to know what people think so please be kind. I realize most of it is speculation, but what isn't with the lack of info we have, LOL! Have a nice evening everyone!
lowriderbill
**********
Here is some background information as to where I believe the volume over the last 10 months has come from. Yes, some of it needs to be corrected due to new information, but that's why they call it a theory!
Non-Retail Short Covering:
cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1102455563
Non-Retail Short Covering Complete
cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1109921794
**********
Posted by More Cowbell 4/1/05 @ 4:16pm
cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1112390168
I still think the idea of a buyout is far-fetched, but not as impossible as some may think. Consider this:
What if the company that were intending to buyout CMKX had made this decision long ago. Then, during the last X months they had a standing order in to buy as many shares as they can at .0001/.0002.
This company might buy in 9M blocks and have amassed billions of shares, all the while being considered part of the float and the O/S.
Then, after UC is done with his dilution and the number of shares available starts to dry up, make an offer to buyout the rest of the shares at some price that reflects the value of the company. In this scenario, they would not have to spend record-breaking dollars for the acquisition.
Just food for thought. I don't really believe it either, but it's an interesting notion.
**********
Posted by Lowriderbill 4/1/05 @ 5:37pm
cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1112390168
Cowbell,
This is the single best post I have read from you. I like the train of thought and think it's very possible after reading it a couple of times. I have always thought that there is a huge NSS position in this stock, although I nor anyone else can prove it yet. The only thing I have to go on is the CIM dividend and the volume. I need to know what position the insiders hold to confirm my idea that the float is the certificates and that all retail investors hold NSS. Your theory actually makes a buyout even more probable.
What if the entity you are speaking of is actually CIM? It's a private company that can get as much funding as it needs to complete the purchase of CMKX shares behind closed doors! No filings, no SEC, no DTC, no NSS. Urban and his group of deep pockets purchase most if not all of the remaining "real" CMKX shares through their placements in CIM then Citigroup funds the purchase of the remaining "real" float. Shorty then has to cover all NSS at whatever amount is negotiated. All retail shareholders get a big payday, CIM gets all of CMKX's assets, and Citi gets to IPO CIM. Boom, there you have it!
I hope you feel a bit better about your investment now, LOL. Have a great weekend!
lowriderbill
**********
Posted by Lowriderbill 4/1/05 @ 5:40pm
cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1112390168
Cowbell,
One thing I forgot to add is that we all have a piece of the new company already. Clean share structure, massive claims, sample results, IPO, etc, etc. Need I say more?
lowriderbill
Class,
As you all know by now my opinion of CMKX has always been that there is a huge NSS position. I have speculated that this is the reason we haven't filed, that we haven't received the news we're waiting for, and that it needs to be cleaned up before we move forward. I have also speculated that the "real" float is certificate holders only due to CMKX insiders holding nearly all the O/S while all retail investors hold NSS. This virtually non-existant float combined with the fact that we "have the goods" would be UC's trump card and the reason the SEC and Shorty don't want CMKX's filing to become public.
Over on PB32, a poster named More Cowbell brought up an interesting point that I had never thought of. I don't even think he realized just how significant it could be IMO. One thing that led me to come up with this idea is we know Iron Bob doesn't hold any CMKX shares. Why in the world would a Chairman of the Board not hold stock in the company he represents? Well, I think it's because he (and other deep pockets) hold a large amount of CIM. I have nothing to prove this because CIM is a private company. However, that's the beauty of it. What if CIM is the entity that holds the greatest amount of "real" CMKX shares? That means CIM basically owns CMKX for all intents and purposes.
Think about it for a minute. A private company where deep pockets can fund the purchase of CMKX shares under the radar at bargain basement prices without any interference from the SEC and any associated filings? We have absolutely no idea how much money CIM has, no idea who is invested in CIM, and no idea what CIM has been doing. This would make it very simple and affordable for Citigroup to purchase the remaining "real" float (certificate holders) while forcing Shorty to pay whatever price was negotiated. Thus the end of NSS, the shareholders get a huge payday, CMKX rolls into CIM, Citigroup IPO's CIM, and off we go!
If the "real" float is certificates then:
Hypothetical 10,000,000,000 "real" float x $.54 = $5,400,000,000 which is within reach.
Anyway, I have been playing this scenario over and over in my head for the last few days. I would really like to know what people think so please be kind. I realize most of it is speculation, but what isn't with the lack of info we have, LOL! Have a nice evening everyone!
lowriderbill
**********
Here is some background information as to where I believe the volume over the last 10 months has come from. Yes, some of it needs to be corrected due to new information, but that's why they call it a theory!
Non-Retail Short Covering:
cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1102455563
Non-Retail Short Covering Complete
cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1109921794
**********
Posted by More Cowbell 4/1/05 @ 4:16pm
cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1112390168
I still think the idea of a buyout is far-fetched, but not as impossible as some may think. Consider this:
What if the company that were intending to buyout CMKX had made this decision long ago. Then, during the last X months they had a standing order in to buy as many shares as they can at .0001/.0002.
This company might buy in 9M blocks and have amassed billions of shares, all the while being considered part of the float and the O/S.
Then, after UC is done with his dilution and the number of shares available starts to dry up, make an offer to buyout the rest of the shares at some price that reflects the value of the company. In this scenario, they would not have to spend record-breaking dollars for the acquisition.
Just food for thought. I don't really believe it either, but it's an interesting notion.
**********
Posted by Lowriderbill 4/1/05 @ 5:37pm
cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1112390168
Cowbell,
This is the single best post I have read from you. I like the train of thought and think it's very possible after reading it a couple of times. I have always thought that there is a huge NSS position in this stock, although I nor anyone else can prove it yet. The only thing I have to go on is the CIM dividend and the volume. I need to know what position the insiders hold to confirm my idea that the float is the certificates and that all retail investors hold NSS. Your theory actually makes a buyout even more probable.
What if the entity you are speaking of is actually CIM? It's a private company that can get as much funding as it needs to complete the purchase of CMKX shares behind closed doors! No filings, no SEC, no DTC, no NSS. Urban and his group of deep pockets purchase most if not all of the remaining "real" CMKX shares through their placements in CIM then Citigroup funds the purchase of the remaining "real" float. Shorty then has to cover all NSS at whatever amount is negotiated. All retail shareholders get a big payday, CIM gets all of CMKX's assets, and Citi gets to IPO CIM. Boom, there you have it!
I hope you feel a bit better about your investment now, LOL. Have a great weekend!
lowriderbill
**********
Posted by Lowriderbill 4/1/05 @ 5:40pm
cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1112390168
Cowbell,
One thing I forgot to add is that we all have a piece of the new company already. Clean share structure, massive claims, sample results, IPO, etc, etc. Need I say more?
lowriderbill
