In connection with this thread
https://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?sv=2&p=0&m=29256230&r=0&s=CMK&t=LIST
and this
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29726204&l=0&r=0&s=CMK&t=LIST
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29766277&l=0&r=0&s=CMK&t=LIST
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29750557&l=0&r=0&s=CMK&t=LIST
According to May 20 MDA:
Apr 14 2011 share count was
175.66 m
+0.93m warrants
+ 8.31 m options
= 185 m
New dilution 27.3m
=212.3m + brokers options 1.6m
= 213.9m
Over allotment 4 m
TOTAL COUNT = 217.9
Total new dump 33m sh with O/A
You can be sure when PPS will go down they will take advantage and print themselves more options
Plus they have to rise # of options in line with rising share count =
must assume 1.1m more in 2011.
TOTAL 2011 shares 219 m
Exactly as I have predicted 3 months ago.
To justify $ 2 PPS ,CMK must make 2011 40c EPS at P/E 5 = $88m
$88m will be their revenue - not earnings @ 350kt sales.
EARNINGS at 350kt prod will be NEGATIVE 2011.
(just the lease of storage yard at port cost them $ 6.2 m without improvement and loading /unloading gear ,conveyors etc.=
$17/t at 350kt.
If Jansen yard lease is say $ 3m/Y = another
$8/t at 350kt .
Just yards = $25/t LOL)
To justify $ 3 PPS ,CMK must make 60c EPS at P/E 5 = $132m
If not loses but 1 c EPS / 2011 than P/E is now 280. LOOOOOL
40c EPS @ 219m sh they MAYBE will make in 2012 after another dilution
T
HE OPTIONS DUMP VS THIS NEW 33M DUMP
They dumped 1.7 m options and warrants March 1- Apr 14 ( 2m by now? )
and 4.7- 5 m since Jan 2011
On top of 8 m in 2010.
And right away they reloaded themselves new 4.4 m options.
What happened to PPS during this dump ?.
40% down?
.What will happen to PPS durIng 4 months steady dump of the 33m sh 'bought deal"?
The different dumping " time slots ".
The first 4 months 2011 time slot was for insiders feeding frenzy on top of chart.
WHILE MISLEADING /LYING /NOT DISCLOSING MATERIAL INFO .
(notice,they gave May 20 a cash position of 22m BUT CASH ON FEB 28..
in first 3 months they spend $24m so, if that pace continued ,
by May 20 they had CLOSE TO ZERO.)
To fill their pockets the gullible shareholder had to spend around $ 20m till end Apr.
And of course LOSE BIG (40%from top) on PPS down drift .
N
ow, the next 4 months time slot is designed to dump the 33m sh
= 6 TIMES MORE SHARES for sale than during "insiders- dump- time-slot."
Brokers of course want to make money by buying $ 2.75 and selling higher.
They already published MISLEADING sale flyers = " reports" LOL
S
o, the gullible shareholder will have this time to cough- up $90-100m
to be able to hold the bottom PPS at $ 2.8 -3 .
Go and mortgage your farm Godman LOL AND TELL THE PIGS IN YOUR BARN HOW GREAT IT WILL BE loooool
OR MAYBE LEARN THE DIFFERENCE BETWEEN COMPANY AND THE STOCK OF A COMPANY.
.
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