Shareholders and NSS

[c5steve]

I've been thinking about all the rumored settlement soon but I feel it can not happen before Oct 20th. Any numbers I use is for purpose of explaining my oppion only.
IMO if we got a pr today stating all shareholders as of 10/1 will receive a settlement for NSS in the amount of .10, can not happen since some may have bought since then. If we got a pr today stating all shareholder of record on 10/10 will receive a settlement of .10, can not happen since this would create a mass buying and a short squeeze possibly beyond .10 which the SEC and MM do not want which is a reason for settlement.
I feel if we get any settlement the Management of CMKX, SEC, the Court, MM and all others involved have to wait till after 10/20 and let CMKX get halted to stop trading. This 10/20 date set by the court, giving the MM an opportunity by retiring any shares sold by weak hands to help them with their problem. After 10/20 we would be locked in with no buying or selling to give the settlement. We can't get a settlement and a short squeeze, it's sort of like double jeopardy the MM would be hit twice.
Now here is where some controversy will come up. I feel the only way to get a settlement for the NSS, a deal would have to be made where we would get our settlement but the MM would be able to retire all of the NSS before CMKX would be able to trade again. CMKX Can Not continue to trade with trillions of shares on the market. It's not fair to the company since they did not sell the shares and it would hurt the value of their shares along with the other share holders value. Also no other company will want to merge with CMKX with a couple Trill shares since it would hurt the merging companies shareholders value. The NSS must disappear!
The only way that can happen is by ratioing the remaining electronic AS against the total NSS. Lets say 1/2 the AS are in cert form leaving for argument sake 350B electronic AS shares on the market. After CMKX being halted all involved determined that their are 3.5 Trillion NSS shares (for purpose of this thread) which says 1/10th the shares on the market are AS. Lets say you have 10M shares after 10/20 and got the settlement of .10 that would have given you $1 Million in settlement. Now all parties involved would have to remove the % of NSS (9/10) from the remaining electronic shares on the market meaning you would be left with 1M shares in your account to trade when the halt is removed.
IMO there is no way we can get a settlement and keep all the NSS on the market, they Have to be Retired. For this reason I pulled my remaining shares last week in cert form. Yes I would miss any squeeze but two things, 1) if there was a squeeze it would last for weeks not days or hours, so I could get my shares back in the market. 2) We will not get a settlement and squeeze. I feel if you want to be in CMKX for the long run you should pull you certs.
Good luck to all board members in any decision you make, may we all get enough cash back out of this roller coaster of an investment to keep us happy for a long time.
All shareholders must look at what they are looking for. A quick hit in a squeeze (if) or longer term? IMO, Good luck.

[wwjdthrume]

Hi CSSteve, I think this has some merit. I don't know that any of us have ever seen this situation so we don't know the exact end game. I have a lot of shares in certs and also bought a lot of electronic to profit both ways from any squeeze or settlement.

Revocation may not be necessary if a halt would suffice. If there is a possibility to shake out more shares than they are selling then we can expect to trade up until the last minute before a settlement.

This is a thought provoking post. Everyone who wants to be a shareholder long term should give some thought to gettting certs for the shares they consider to be the long term play.

It may not be necessary but if it is-you will be glad you did.

IMO-Debi

[nobleforce]

Even when dividends are announced, people sell. Microsoft, for example, announced the $3 per share divi..but still had volume every day leading up to the cut-off date. If something was announced, the "rumor I heard" was that only MM's would be able to buy.

Regardless...even if people could buy off the street and there was a squeeze...those who sold for guaranteed profits ( who may think of mlon as they sell) the shorts would be getting off cheaper, or averaging down their settlement, per se. But again...this scenario (if we're talking in terms of rumors) doesn't matter b/c only the MM's would be able to buy shares back for shorty, if they aren't shorty.

[c5steve]

nobleforce said:

Even when dividends are announced, people sell. Microsoft, for example, announced the $3 per share divi..but still had volume every day leading up to the cut-off date. If something was announced, the "rumor I heard" was that only MM's would be able to buy.

Regardless...even if people could buy off the street and there was a squeeze...those who sold for guaranteed profits ( who may think of mlon as they sell) the shorts would be getting off cheaper, or averaging down their settlement, per se. But again...this scenario (if we're talking in terms of rumors) doesn't matter b/c only the MM's would be able to buy shares back for shorty, if they aren't shorty.

Nobel, if there was a settlement the MM would not want volume everyday till the cut off date. if that were to happen that means shorty paid for a settlement and they got hit with a squeeze. Only way I see this happening is a cash settlement and shorty would be able to retire the NSS.