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I will try to Explain the actions
of JEFF this past few weeks and the connections it will have
to the OS, UCAD, Nevada Minerals and CMKX.
First of all there are a few things you must Know or have
a good Idea about.
-
Nevada Minerals Held 66% of UCAD on 7/17/2004 (Fact)
-
UCAD had 8.5m shares in the float (Fact)
-
Urban Casavant and or friends held the entire OS Plus
some shorted shares (I will use 300billion as the Number of
shorted shares) (speculation)
-
Nevada Minerals will hold 75 billion shares of CMKX
(fact)
-
the Public Float for CMKX will be 40b (speculation)
-
Urban will hold 120b CMKX (speculation)
Now with these things in mind, lets see how they fit
together.
The following will be what I SPECULATE may be or could
happen.
To explain JEFF and his actions of late we must speculate
that UC had in his possession 300b or more of the short
issue. This gave Urban some pretty good leverage. I believe
that Urban, at some point, sold 200b shares of CMKX to
Nevada Minerals for $20m. As part of the agreement Nevada
Minerals agreed to sell the shares back to UC at no more
than .0004 depending on the pps at the time of buyback. Part
of the agreement also gave Urban the exclusive Voting rights
to those 200b shares (Proxy). I believe that this is when
the AS was raised to 500b.
I think that D. Roger Glenn and E&A were then hired
to help Urban Move the 200b from Nevada Minerals and the
300b shorted shares in a manner that would do the least
amount of harm to the company and CMKX shareholders.
UC through E&A comes to an agreement with the DTC,
SEC and MMs for the MMs to purchase back the 300b shorted
shares he holds @.0004. He then Buys back the 200b shares
from Nevada Minerals at .0004. Then he retires 160b shares
and gives the remaining 40b to the MMs to use to cover what
is left of the Shorted issues. All these transactions needed
to go through the open market for accountability reasons.
Now a little math here to see how dividends and Racing
could be paid for without UC spending a dime.
First the original 200b shares he gave Nevada Minerals
for $20million
Then he sold back the 300b shorted shares he bought at
.0001 for .0004 a profit of $90 million
Now he buys back the 200 billion from Nevada Minerals at
.0004 $80million
That's a net profit of $30million for CMKX and a net
Profit for Nevada Minerals of $60 million both of which are
non reporting. one is a pink sheet and the other is a
Private company. Both are now on the Funny car.
Now then, Lets work on the Share structure. First lets
look at Nevada minerals and UCAD.
On 7/17/2004 Nevada Minerals Owned 66% of UCAD I estimate
that Nevada minerals held 17 million shares of UCAD with a
float of 8.5 million.
On 7/19/2004 UCAD Issued 7.5 million shares to CMKX. Now
Nevada Minerals holds only 51.5% but still controlling
interest.
Now some speculation based on my own DD on
UCAD.
UCAD is in the process of moving to a bigger board and
will need to increase their Float to be liquid enough to
trade freely. I believe that a forward split of 3-1 will be
needed. this will make the float+shares issued to CMKX
48million and Nevada minerals holdings 51 million the AS for
UCAD is 100million so as you can see this would only leave 1
million of the AS.
After the 3-1 forward split (which I believe will happen
before the August 20th div date) CMKX will now hold 22.5m
shares of UCAD for Div . as stated in one of the latest PRs,
"Due to Casavant's share contribution to the property
acquisition by CMKM occurring prior to the Aug. 20, 2004,
date, Casavant will not receive this or any subsequent
dividend." ( I believe that this is all inclusive)
Urban has taken his shares completely out of the picture for
the purposes of computing any and all Dividends.
Now we know that Nevada Minerals is going to get 75
billion shares And I believe based on the Number of CIM/CMI
shares that are being pledged that our Float will be
40billion so for Urban to hold the company he would have to
have more than 115billion shares.
Now with the shares eligible for the dividend at 115
billion and using 22.5 million dividend shares you get 195
shares per Million CMKX. now 75b shares of CMKX held by
Nevada Minerals x 195per 1 million CMKX comes to 14.6
million shares add that to the 51 million currently held by
Nevada Minerals and they now have 65.6 million shares. WOW
is that not where they started with the remaining 1 million
of the AS that was not issued that gives Nevada Minerals
back their 66% ownership in UCAD but now they have 5 to 15%
joint ownership of all of CMKX Claims. that means that UCAD
increased their position in the mining world at ZERO cost.
Ok So what's in this for CMKX?? well it is simple in
addition to the 60% interest in the 500k acres, if Nevada
Minerals still has the 75 billion CMKX shares on August 31st
then we have to divide the CIM/CMI shares (40billion) up
between 115b shares. This just simply won't do, IMO, Both
UCAD, Nevada Minerals and CMKX want CMKX shares to go up in
value. I think Between the August 20th and August 31st date
you will see a PR stating that Mr. Casavant has agreed to
repurchase the 75billion shares from Nevada Minerals to be
retired or that Nevada Minerals has agreed to forgo any
further dividend on their restricted CMKX shares possibly even
retire them. Thus taking them out of the equation for
computing Div. so each CMKX share will get 1 Share of CIM/CMI.
This has been a Speculative look at My own DD that I am
willing to share with you. please remember that this is only
MY OPINION and nothing more
GLTA
Coreton
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