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Post by Franko10 ™ on Mar 9, 2005 9:54:02 GMT -5
Smith Barney lead underwriter for CIM IPO? « Thread started on: Today at 12:18am »<br> -------------------------------------------------------------------------------- Lately, I've been trying to figure out Smith Barney's (Citigroup) connection with CMKX, beyond Citigroup's acquisition of NITE. A couple weeks ago, one of our very own board members, by the name of "Troydian" spoke with Ron Cassavent at the Phoenix race and asked about Smith Barney's relationship with CMKX (look for Troydian's reply post in linked thread below)...Anyways, Ron told Troydian that Smith Barney's involvement was a nationwide deal, not simply a local thing. Call me crazy, but anyone out there besides me think that Smith Barney might be the lead underwriter for the CIM IPO? cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1109610198James From: cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1110352728I talked with Ron Cassavant yesterday about the Smith Barney Citibank sticker.. He said it is not a local thing and news about their relationship would be soon .. He also stated it is a nationwide thing not local.. LOTS of other RACE RUMORS but I think Ill keep my mouth Shut Because the propencity for misunderstandings.. From: cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1110352728
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Post by Franko10 ™ on Mar 9, 2005 9:55:09 GMT -5
tinyurl.com/5apjgBy: holdnolonger 09 Mar 2005, 05:41 AM EST Msg. 833464 of 833498 Jump to msg. # Citigroup/Roger Glenn come aboard, Glenn evaluates CMKXs assets in Canada, Ecuador, and Nevada. Citigroup covers Knight Trading's end of NSS. Urban, CIA and Citigroup had to create a way to keep track of the NSS shares and match them with certificate CMKX shares. Roger Glenn finished valuation of the properties and the meeting in August 2004 in Canada took place to establish at what price citigroup will cover on the valuation of the TDEM and other properties. This is Y Urban stated .54. The other NSSr's probably want be so lucky. SGGM is created with 900 biilion AS, 200 billion restricted to CMKX along with 10 million cash. SGGM was a creation to give the true valuation of current properties that Roger Glenn did inventory on. The 200 billion shares CMKX recieved from SGGM was CMKX shares that Citigroup covered on current valuation of CMKX. This is the way the other NSSr's will cover and the money pooled once all NS shares are covered in SGGM. How huge is the NSS left, it could be the rest of SGGM AS which 700 billion left after Citigroup covered their 200 billion. SGGM will help CMKX and entities involved(CIA) follow and account for each share covered on current valuation of CMKX and where the NSS came from. Once settlements are made and majority of NSS is covered. Urban can then take the 800 to 900 billion covered shares from SGGM and take CMKX private and offer CMKX shareholders a nice tender offer of .54. All CMKX shares are retired and is now private. CMKX assets are simply placed into Urbans new company CIM. USCA will merge and CIM will have all majorty interest in GEMM, Nevada Minerals, SGGM, CMKX, and USCA. The way this worked out was fair because CMKX longs will get CIM shares through dividends and others that just owned CMKX will get the .54 tender off, longs getting both. Citigroup/Smith Barney will be the underwriters for CIM IPO and hold interest in CIM as well.
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