Post by Nos ProMod on Nov 18, 2005 9:39:00 GMT -4
There have been some interesting things going on with USCA for sure. Seeing many of us are shareholders and they have a stake in CMKX as well, it would do us well to stay on top of any developments that may be going on there. John Woodward resigns that had been with Urban and others for quite sometime.
Dr. Joseph de Beauchamp had been added to USCA's board of directors and made its president as of September 9, 2005 replacing John W. In Oct 31, 2005 Dr. Beauchamp is resigning as president and that now followed by Marti Hansen's resignation as CFO. It sounds like the USCA is pretty much cleaned out as far as directors go with only a few advisors still hanging around and Rendall Williams of course.
Maybe they are preping for a merger of some sort or just trying to tighten the ship as someone mentioned earlier. Whatever is going on it is on the heels of the CMKM Diamonds recent movements. Behind the scenes we can hope that it may very well be that USCA has seen the success that CMKM Diamonds is having and the cooperation from the shareholders and has decided to make a move of their own.
They have been shorted and naked shorted in the market place down from $18.00 pre split $6 post split from last October to a puny .12 as a low, I believe. USCA was a rocket ship last year before the intervention of the SEC with absolutely no reason to intervene, IMHO, but to protect "shorty" and peek under the sheets at CMKX at the same time.
The USCA distribution by CMKX/Urban to all of us made USCA a force to be reckoned with sporting over 55,0000 shareholders, JV partners like El Capitan (which USCA owns 80% of by the way and it is trading up to $2.05 per share today and closed above $1.80 I believe), holdings in Arizona, Nevada, Canada, and Ecuador, plus a 9.66% ownership in CMKM Diamonds and who knows what else.
Some speculate that USCA allowed a cover of the NSS position when the UCAD distribution was made to the CMKXers followed by the 3:1 forward split, but I have been watching pretty close and if it was allowed, then I missed it. If it has not been covered, and I don't see how it could have been, seeing USCA's O/S is still incredibly low even after the 3:1 forward split. CMKX received 7.5 million shares that split forward into 22.5 million shares giving CMKX shareholders nearly a 50% interest in USCA's common stock at the time.
I believe the market is still "short" and "naked short" of USCA, CIM and GEMM as there is no way they have covered them no more than they were willing to cover CMKX and we were cheaper to cover and a thorn in their flesh every time we issued a distribution/dividend and remain to be a thorn as long as we keep issuing distributions and dividends. Most CMKXers were electronic shareholders at the time of these distribution/dividends and I would guess that everyone got marker shares on the dividend distributions except fopr the ones the company covered legitimately.
Don't freak out over these numbers. They are meant to be hypothetical and only based on the documented findings of the OG. Thank you. The Task Force has already stated that Frizzell found 50 billion + naked short shares just in the ones that reported to the Owners Group. With possibly only 10% reporting to the OG we seen a reported 50 billion NSS position. That is a reporting of a total of at least 753 billion shares with only 10% of the shareholders reporting. Each remaining 10% of the entire worldwide shareholder base which would consist of 90% or 9 times that could report a NSS position in excess of 753 billion X 9 or approximately 6.8 trillion NSS. The 10% was not just the 50 billion nSS reported, but 10% accounted for the entire O/S plus 50 billion naked short shares.
To be conservative you could say those reporting to the OG represented 25% of the entire WW shareholder base for CMKX. You would still have 4 times the 753 billion or approx 3 trillion NSS.
All of that to point out that there is no way that the market chose to cover 4 or 9 times the amount of USCA, GEMM, and CIM shares that were distributed as long as they had electronic marker shares to buy them time. There was no pressure to cover and no reason for them to think they would ever have to cover by the time the entire event had run its course.
USCA shares that CMKX paid out were - 7.5 million that became 22.5 million on the 3:1 forward split immediately following the distribution.
This means shorty would have had to have legitimately bought and covered 22.5 X 4 or 90 million USCA Restricted shares (impossible but through the company) or if it is 9 times then they would have had to have come up with 22.5 million X 9 = 202,500,000 USCA restricted Shares to legitimately cover. If not then we got markers in our electronics and they still owe 2 to 4 times the entire A/S of USCA in shares. That would push it off the .30 to .40 cents it has been trading at, if they had to cover.
Maybe that is what Rendall is thinking!
We recived 40 billion CIM - A private company that couldn't and still can't be covered legitimately unless they go through the company to get the restricted shares.
4 X 40 billion = 160 billion and 9 X 40 billion = 360 billion CIM restricted shares that the market would owe in electronic counterfeited marker shares or NSS. Have they covered? There is no way unless they have went through Ron Casavant and got the shares. I doubt they have.
222,000,000+ GEMM shares were issued to CMKX to be distributed to CMKX shareholders in the fall of 2004.
We received the first distribution of GEMM, and have been recorded for the 2nd distribution, but the second distribution is about 12 months behind schedule in delivery.
The market would still owe the entire 222,000,000 X 4 or 888,000,000 GEMM shares restricted or 222,000,000 X 9
or 1.998 billion GEMM shares. The are not absolute NSS positions, but only a rough guess based upon the OG findings earlier this year. The NSS position would stay pretty consistent across the table for our dividends as well as CMKX itself.
One could mention, at least, the 200 billion SGGM (St George Minerals) shares that CMKX had in its possession from the former deal with them. Just because they are revoked doesn't mean that the shares we possess are worthless, because if they are distributed to CMKX shareholders then the market has to match every single one times 4 to 9 times or from possibly 800 billion to 1.8 trillion restricted SGGM shares. Where will they come from? Not the market and they can't be posted electronically as marker shares because the dividend always follows the shares. CMKX shares held in certificate form demands that "all dividends follow the certificated shares" and are to be delivered in certificvate form to the shareholders house. NO MARKERS! Pay up time! IMHO.
The market attacked and collapsed on every company that came in contact with CMKX from USCA, GEMM, SGGM, ETGMF, including our Canadian JV partners (UCA, KPG, SEI), and others. Why? Billions and trillions of dollars possibly at risk, because it always went beyond CMKX and our affiliated companies. If CMKX reveals what can be revealed in this house of cards from the SEC to the DTCC, NSCC, Hedge Funds, Brokerages, etc... then it will come tumbling down and the fallen foes of that system will rise up to collect as well as the ones currently being devastated by it's tools.
Maybe Rendall is wanting to get a head start on the rest of the crowd.
I didn't mean to take so long, but you know how I can be!
Here are the reports of the interesting developments about USCA and its officers.
www.secinfo.com/d18atv.z6.htm
Item 1.01 Entry into a Material Definitive Contract
Item: 3.02 Unregistered Sale of Equity Securities
On August 30, 2005 U S Canadian Minerals, Inc. entered into a
Material agreement to acquire a royalty interest by issuing
Restricted stock. The press release related to this agreement
is attached hereto as Exhibit 99.1.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
U.S. CANADIAN MINERALS, INC.
By: /s/ Rendal Williams
Name: Rendal Williams
Title: CEO
Date: August 30, 2005
August 30, 2005
Las Vegas, Nevada: US Canadian Minerals, Inc. (Pink Sheets: USCA)
is pleased to announce it has reached an agreement with NORTH STAR
DIAMONDS, INC.(NQB Pink Sheets: NSDM) for a joint drilling program
with North Star Diamonds, Inc.
The diamond exploration will begin on PHASE 4 (Whitemouth Lake)
with geophysical work followed by a drill program on three targets.
Drilling will commence as soon as geophysical work is completed and
drilling equipment is available.
USCA has issued 139,534 shares of USCA stock to North Star
Diamonds, Inc. for the investment for a 20% royalty after extraction
expenses in Phase 4.USCA has an option to make further investments to
increase its interest in PHASE 4 to 80%.
North Star Diamonds, Inc. will be operator of the project, and
Walter Stunder, President and CEO of NSDM, and Rendal Williams, CEO
of U S Canadian Minerals, Inc. will be traveling to Manitoba to meet
with the geologist and drillers as well as government officials.
Mr. Stunder has experience in diamond exploration.
We are very pleased to be participating with North Star Diamonds, Inc.
U S Canadian Minerals, Inc. is very pleased to become active in this
exciting role of development in the Manitoba diamond exploration
project, stated Mr. Rendal Williams
--------------------------------------------------------------------------
Dr.D Note: I spoke with the Secretary of States office in Washington State today and they said that North Star Diamonds registration had been revoked since April 2005, and was set to expire Aug 31, 2005. As far as they were concerned the company was inactive and their registration was revoked.
Kind of interesting. I was wondering if anyone knew whether or not NSDM (North Star Diamonds) has registered in another state or anything?
Please let me know. I will try and reach Walter Stunder tomorrow.
--------------------------------------------------------------------------
September 8, 2005
Today, U S Canadian Minerals, Inc. (USCA.PK) announced today
changes in officers.
U S Canadian Minerals, Inc. has accepted the resignation of
John S. Woodward, as president and Board Member U S Canadian
Minerals,Inc. Mr. Woodward has resigned his position so that he
may focus on impending opportunities in the private sector..
U S Canadian Minerals, Inc. announces the appointment of
Dr. Joseph de Beauchamp has been added to its board of
directors and made its president as of September 9, 2005.
Dr. de Beauchamp is a director and partner of Strategic
Marketing Ventures, which provides consulting services to
companies. He also has managed a private mutual fund that
currently has over $ 1.5 billion in assets since 1998, and
has been the CEO of World Financial News Network during that
time.
Dr. de Beauchamp employment agreement entitles him to a
salary of $5000.00 per month and a 10% commission on any
investment in equity or long-term debt of the company by
new investors introduced by him to the company.
The President is also entitled to an annual bonus equal to
10% of the net income to the company from projects
introduced by him to the company.
Item 5.02 Departure of Directors or Principle Officers; Election of
Directors; Appointment of Principle Officers.
On October 22, 2005, Dr. Joseph de Beauchamp submitted his resignation as
President of U.S. Canadian Minerals, Inc. effective immediately. The
Board of Directors accepted his resignation on October 24, 2005.
Las Vegas (November 16, 2005) - U.S. Canadian Minerals, Inc. (USCA.PK) announced today that Marti Hansen, Chief Financial Officer, has officially resigned for personal reasons. Ms. Hansen joined U.S. Canadian Minerals on February 8th 2005. She was hired to manage the Company's financial reporting and to help position the Company for future growth.
Also as previously announced in an 8-K dated October 31, 2005 regarding Dr. Joseph de Beauchamp's resignation as President, the Company is announcing that Dr. Joseph de Beauchamp is no longer on the Board of Directors for U.S. Canadian Minerals, Inc.
--------------------------------------------------------------------------
That's the history, buit what is it telling us? Maybe Rendall is taking a page out of Urban's book and becoming the sole officer to get things done and cash in on the markets negligence and absurdities.
JMHO and I truly ask that you treat it as such.
Thanks for reading.
Success is in hand! Come on Task Force -- We're believing that you are doing this thing right! Get 'er done!
Dr.D
Dr. Joseph de Beauchamp had been added to USCA's board of directors and made its president as of September 9, 2005 replacing John W. In Oct 31, 2005 Dr. Beauchamp is resigning as president and that now followed by Marti Hansen's resignation as CFO. It sounds like the USCA is pretty much cleaned out as far as directors go with only a few advisors still hanging around and Rendall Williams of course.
Maybe they are preping for a merger of some sort or just trying to tighten the ship as someone mentioned earlier. Whatever is going on it is on the heels of the CMKM Diamonds recent movements. Behind the scenes we can hope that it may very well be that USCA has seen the success that CMKM Diamonds is having and the cooperation from the shareholders and has decided to make a move of their own.
They have been shorted and naked shorted in the market place down from $18.00 pre split $6 post split from last October to a puny .12 as a low, I believe. USCA was a rocket ship last year before the intervention of the SEC with absolutely no reason to intervene, IMHO, but to protect "shorty" and peek under the sheets at CMKX at the same time.
The USCA distribution by CMKX/Urban to all of us made USCA a force to be reckoned with sporting over 55,0000 shareholders, JV partners like El Capitan (which USCA owns 80% of by the way and it is trading up to $2.05 per share today and closed above $1.80 I believe), holdings in Arizona, Nevada, Canada, and Ecuador, plus a 9.66% ownership in CMKM Diamonds and who knows what else.
Some speculate that USCA allowed a cover of the NSS position when the UCAD distribution was made to the CMKXers followed by the 3:1 forward split, but I have been watching pretty close and if it was allowed, then I missed it. If it has not been covered, and I don't see how it could have been, seeing USCA's O/S is still incredibly low even after the 3:1 forward split. CMKX received 7.5 million shares that split forward into 22.5 million shares giving CMKX shareholders nearly a 50% interest in USCA's common stock at the time.
I believe the market is still "short" and "naked short" of USCA, CIM and GEMM as there is no way they have covered them no more than they were willing to cover CMKX and we were cheaper to cover and a thorn in their flesh every time we issued a distribution/dividend and remain to be a thorn as long as we keep issuing distributions and dividends. Most CMKXers were electronic shareholders at the time of these distribution/dividends and I would guess that everyone got marker shares on the dividend distributions except fopr the ones the company covered legitimately.
Don't freak out over these numbers. They are meant to be hypothetical and only based on the documented findings of the OG. Thank you. The Task Force has already stated that Frizzell found 50 billion + naked short shares just in the ones that reported to the Owners Group. With possibly only 10% reporting to the OG we seen a reported 50 billion NSS position. That is a reporting of a total of at least 753 billion shares with only 10% of the shareholders reporting. Each remaining 10% of the entire worldwide shareholder base which would consist of 90% or 9 times that could report a NSS position in excess of 753 billion X 9 or approximately 6.8 trillion NSS. The 10% was not just the 50 billion nSS reported, but 10% accounted for the entire O/S plus 50 billion naked short shares.
To be conservative you could say those reporting to the OG represented 25% of the entire WW shareholder base for CMKX. You would still have 4 times the 753 billion or approx 3 trillion NSS.
All of that to point out that there is no way that the market chose to cover 4 or 9 times the amount of USCA, GEMM, and CIM shares that were distributed as long as they had electronic marker shares to buy them time. There was no pressure to cover and no reason for them to think they would ever have to cover by the time the entire event had run its course.
USCA shares that CMKX paid out were - 7.5 million that became 22.5 million on the 3:1 forward split immediately following the distribution.
This means shorty would have had to have legitimately bought and covered 22.5 X 4 or 90 million USCA Restricted shares (impossible but through the company) or if it is 9 times then they would have had to have come up with 22.5 million X 9 = 202,500,000 USCA restricted Shares to legitimately cover. If not then we got markers in our electronics and they still owe 2 to 4 times the entire A/S of USCA in shares. That would push it off the .30 to .40 cents it has been trading at, if they had to cover.
Maybe that is what Rendall is thinking!
We recived 40 billion CIM - A private company that couldn't and still can't be covered legitimately unless they go through the company to get the restricted shares.
4 X 40 billion = 160 billion and 9 X 40 billion = 360 billion CIM restricted shares that the market would owe in electronic counterfeited marker shares or NSS. Have they covered? There is no way unless they have went through Ron Casavant and got the shares. I doubt they have.
222,000,000+ GEMM shares were issued to CMKX to be distributed to CMKX shareholders in the fall of 2004.
We received the first distribution of GEMM, and have been recorded for the 2nd distribution, but the second distribution is about 12 months behind schedule in delivery.
The market would still owe the entire 222,000,000 X 4 or 888,000,000 GEMM shares restricted or 222,000,000 X 9
or 1.998 billion GEMM shares. The are not absolute NSS positions, but only a rough guess based upon the OG findings earlier this year. The NSS position would stay pretty consistent across the table for our dividends as well as CMKX itself.
One could mention, at least, the 200 billion SGGM (St George Minerals) shares that CMKX had in its possession from the former deal with them. Just because they are revoked doesn't mean that the shares we possess are worthless, because if they are distributed to CMKX shareholders then the market has to match every single one times 4 to 9 times or from possibly 800 billion to 1.8 trillion restricted SGGM shares. Where will they come from? Not the market and they can't be posted electronically as marker shares because the dividend always follows the shares. CMKX shares held in certificate form demands that "all dividends follow the certificated shares" and are to be delivered in certificvate form to the shareholders house. NO MARKERS! Pay up time! IMHO.
The market attacked and collapsed on every company that came in contact with CMKX from USCA, GEMM, SGGM, ETGMF, including our Canadian JV partners (UCA, KPG, SEI), and others. Why? Billions and trillions of dollars possibly at risk, because it always went beyond CMKX and our affiliated companies. If CMKX reveals what can be revealed in this house of cards from the SEC to the DTCC, NSCC, Hedge Funds, Brokerages, etc... then it will come tumbling down and the fallen foes of that system will rise up to collect as well as the ones currently being devastated by it's tools.
Maybe Rendall is wanting to get a head start on the rest of the crowd.
I didn't mean to take so long, but you know how I can be!
Here are the reports of the interesting developments about USCA and its officers.
www.secinfo.com/d18atv.z6.htm
Item 1.01 Entry into a Material Definitive Contract
Item: 3.02 Unregistered Sale of Equity Securities
On August 30, 2005 U S Canadian Minerals, Inc. entered into a
Material agreement to acquire a royalty interest by issuing
Restricted stock. The press release related to this agreement
is attached hereto as Exhibit 99.1.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
U.S. CANADIAN MINERALS, INC.
By: /s/ Rendal Williams
Name: Rendal Williams
Title: CEO
Date: August 30, 2005
August 30, 2005
Las Vegas, Nevada: US Canadian Minerals, Inc. (Pink Sheets: USCA)
is pleased to announce it has reached an agreement with NORTH STAR
DIAMONDS, INC.(NQB Pink Sheets: NSDM) for a joint drilling program
with North Star Diamonds, Inc.
The diamond exploration will begin on PHASE 4 (Whitemouth Lake)
with geophysical work followed by a drill program on three targets.
Drilling will commence as soon as geophysical work is completed and
drilling equipment is available.
USCA has issued 139,534 shares of USCA stock to North Star
Diamonds, Inc. for the investment for a 20% royalty after extraction
expenses in Phase 4.USCA has an option to make further investments to
increase its interest in PHASE 4 to 80%.
North Star Diamonds, Inc. will be operator of the project, and
Walter Stunder, President and CEO of NSDM, and Rendal Williams, CEO
of U S Canadian Minerals, Inc. will be traveling to Manitoba to meet
with the geologist and drillers as well as government officials.
Mr. Stunder has experience in diamond exploration.
We are very pleased to be participating with North Star Diamonds, Inc.
U S Canadian Minerals, Inc. is very pleased to become active in this
exciting role of development in the Manitoba diamond exploration
project, stated Mr. Rendal Williams
--------------------------------------------------------------------------
Dr.D Note: I spoke with the Secretary of States office in Washington State today and they said that North Star Diamonds registration had been revoked since April 2005, and was set to expire Aug 31, 2005. As far as they were concerned the company was inactive and their registration was revoked.
Kind of interesting. I was wondering if anyone knew whether or not NSDM (North Star Diamonds) has registered in another state or anything?
Please let me know. I will try and reach Walter Stunder tomorrow.
--------------------------------------------------------------------------
September 8, 2005
Today, U S Canadian Minerals, Inc. (USCA.PK) announced today
changes in officers.
U S Canadian Minerals, Inc. has accepted the resignation of
John S. Woodward, as president and Board Member U S Canadian
Minerals,Inc. Mr. Woodward has resigned his position so that he
may focus on impending opportunities in the private sector..
U S Canadian Minerals, Inc. announces the appointment of
Dr. Joseph de Beauchamp has been added to its board of
directors and made its president as of September 9, 2005.
Dr. de Beauchamp is a director and partner of Strategic
Marketing Ventures, which provides consulting services to
companies. He also has managed a private mutual fund that
currently has over $ 1.5 billion in assets since 1998, and
has been the CEO of World Financial News Network during that
time.
Dr. de Beauchamp employment agreement entitles him to a
salary of $5000.00 per month and a 10% commission on any
investment in equity or long-term debt of the company by
new investors introduced by him to the company.
The President is also entitled to an annual bonus equal to
10% of the net income to the company from projects
introduced by him to the company.
Item 5.02 Departure of Directors or Principle Officers; Election of
Directors; Appointment of Principle Officers.
On October 22, 2005, Dr. Joseph de Beauchamp submitted his resignation as
President of U.S. Canadian Minerals, Inc. effective immediately. The
Board of Directors accepted his resignation on October 24, 2005.
Las Vegas (November 16, 2005) - U.S. Canadian Minerals, Inc. (USCA.PK) announced today that Marti Hansen, Chief Financial Officer, has officially resigned for personal reasons. Ms. Hansen joined U.S. Canadian Minerals on February 8th 2005. She was hired to manage the Company's financial reporting and to help position the Company for future growth.
Also as previously announced in an 8-K dated October 31, 2005 regarding Dr. Joseph de Beauchamp's resignation as President, the Company is announcing that Dr. Joseph de Beauchamp is no longer on the Board of Directors for U.S. Canadian Minerals, Inc.
--------------------------------------------------------------------------
That's the history, buit what is it telling us? Maybe Rendall is taking a page out of Urban's book and becoming the sole officer to get things done and cash in on the markets negligence and absurdities.
JMHO and I truly ask that you treat it as such.
Thanks for reading.
Success is in hand! Come on Task Force -- We're believing that you are doing this thing right! Get 'er done!
Dr.D