.0002 Some Thoughts by snoof77 @ pb49
http://tinyurl.com/cc38r
Yesterdays CMKX trading activity confirms to me that a deal had in
deed been struck with respect to the NSS issue. The first hint of
the covering was the bid/ask slowing rising to .0008/.0001 during
the last month. Once the willingness of shareholders to sell at
those levels dried up, and with time running out, Shorty had no
choice but to raise the bid/ask price above the .0001 level, making
their intentions more obvious.
AS I had previously speculated, if an agreement were to be reached
on the NSS, part of the agreement would surely be for Shorty to have
the opportunity to cover as many shares as possible in the open
market during a specified period of time, and during that time
period Team CMKX would agree not to release any information that
would cause investor demand for CMKX. It is why I feel Team CMKX has
reluctantly not communicated with its shareholders during these
uncertain times. The lack of communication with the shareholders has
created fear, and has worked to Shorty's advantage by softening
shareholder moral during this revocation proceeding.
I do no believe Team CMKX wanted to keep its shareholders in the
dark, but their hands were tied. Also, lack of communication with
its shareholders is not consistent with IBM's mission statement of
improving communication with the shareholders.
Again, this is where I feel the answer lies to the question of why
so many credible individuals were posting "out of character
negativism," and why many insiders have puzzled us with their
actions/inactions. For if Shorty were to successfully cover a
significant amount of shares at this point in the open market, they
would need two things to happen; one being to minimize the demand of
CMKX stock by new investors and existing investors, and the second
being the willingness of existing shareholders to give up there
shares as the MM's slowly raise the bid.
This is where faith comes in to play, for those whom have lost faith
as a result of being affected by the negative mind conditioning on
the message boards, will most likely sell their shares back to
Shorty as the Bid/Ask continues to rise, and therefore will not
participate in the transfer of wealth that is about to take place.
It is a matter of human and spiritual nature. The strong shall
survive!
Keep the Faith
IMO for the ask to jump to .0002 at this point, SOMETHING big had to have happened that forced the MMs to breach an area that heretofore had been hermetically sealed. They had locked us in in the quad 4s since the hearing and appeared rigidly determined to not let it rise above. This is not pumping by Willy Wizard and such that has brought this on. On that I feel 100% confident. IMO, there were probably VERY few retail buys today. Of course there were some speculators, but imo the vast majority of retail investors already own what they are going to own. Until real news hits, I highly doubt many were willing to up their positions by any significant amount. Even the hardcore of the longs probably don't want to deal with even a sliver of a possibility that they could buy at .0002 today and end up back under .0001 by next week (I don't believe that will happen but with cmkx we've learned anything is possible). So there were a few test buys today but otherwise I think we saw real covering for the first time in a long time. And I don't think they got what they needed at .0001 so they had to finally breach that barrier and go for a higher bid/ask. As their time is limited, they may have to reach higher and higher. If the company actually gives them enough time, they may be able to move the bid to .0002, .0003 or maybe even higher to shake out the final round of doubters who "just want their money back". This would be the smartest strategy imo and what I have thought all along must happen. While I don't generally give in to the pumpers, in this case I'm going to make an exception. Too many factors appear to be coinciding at once. Andy has indicated that the company plans on communicating prior to the 20th. Both Jay Adobe and Carquest are pumping in fifth gear (and you know I think both are looped in the head, but their timing is now starting to match the other circumstances). Volume out of nowhere picks up and .0001 is finally breached. Other tidbits begin trickling in regarding the area (Forest Gate, Entourage, Carina, etc.). Refco goes down in a heap of flames with more hedge funds likely to follow. That's a lot going on at once. Certainly enough to snap me out of the dark cloud cmkx has put over us all and see at least a lone ray of sunlight.
The results from FALC are too compelling. There MUST be something happening with a company that owns this huge a parcel of land in this area. There are a ton of rumors that a "deal" has been struck. I anxiously await confirmation of such a deal, but my confidence level has soared that SOMETHING has happened to our benefit. There is just no other fathomable reason for a stock on its revocation deathbed since June to suddenly perk up and move UP like this. Most revocation stories are sad, washed-out stocks that simply limp into revocation on life support. Our ask has jumped 400% from .00004 after the hearing to .0002 today. This is flat-out bizarre and can only be explained by a turn of events that we are not yet aware of imo.
If the Shatzko connection is of as much significance as some on these boards think, it's extraordinary. It didn't take much probing for me to figure out that in addition to the fact that Shatzko was the founder and Chair of Mountain Province Diamonds, he is a director with Iciena Ventures, a company that had a very prominent JV with (drum roll please) Fipke (
http://stockjunction.com/modules.php?name=News&file=print&sid=141 ). Yeah, there's a connection I like. How deep Shatzko's involvement with anything is unknown to me but there are certainly enough inferences to put it on my watch list.
Are we in the final stage? Unfortunately, I've beaten down with cmkx so much that it's hard for me to ever have any real expectations on success. But I will say that for the first time in 6 months, I'm back to feeling there's a chance that something good has finally happened that will benefit us all. I hope Oct 20 isn't a setup for disappointment. The market today tells me there is a very real chance something good will happen soon. We wait. And just for kicks I'll say "We are in good hands. The pilots have known all along exactly what they are doing." LOL Sorry, couldn't resist.