JIMMYM4 RE: DIV DISTR.
Right now, there is a discrepancy between the UCAD div. ratio and the CIM div. ratio listed on otcbb.com. Based on the UCAD dividend, you would arrive at 483B OS. Based on the CIM dividend, you would arrive at the 1 trillion+ OS count. Clearly this discrepancy cannot exist. Especially in light of the fact that the AS was only raised to 800B and not higher. Somewhere this discrepancy will have to be resolved. Only Roger probably knows why the discrepancy exists and the procedure with which it will be accounted for. To date, the 8% dividend theory does a remarkably accurate job of clearing it up. (The theory in a nutshell being that we will only get 8% of the shares as a dividend which when factored down reveals a float of 40B and a float of 115B after the 75B from the Nevada Minerals are counted which the theory holds will happen between August 20 and August 31). Amazingly, it works. However, at this stage, I am FIRMLY committed to no speculation. I await company clarification which eventually we will get.
Based on FACTS, it appears that the discrepancy cannot exist without reconciliation. How that reconciliation occurs imo is part of the plan that will be revealed. Roger isn't going to make a mathematical error in this process. Not at this stage. I do not like the process with which this is unfolding. I do not like being in the dark this much with just hints and pieces of information unfolding. All I can do, however, is trust that it MUST be this way for a reason. As I said, this is testing my faith supremely in the company and Roger, especially in light of all the non-material items we are getting instead (visa PR, Vegas party, funny cars, Urban's secret giveaway).
But then again, if we are right that a property like this has never been unearthed by a pink sheet before and if the MMs and/or their hedge fund clients made a supremely bad gamble against this, then this situation has NEVER existed before and I am willing to show patience in letting Roger resolve it on his schedule and as he sees fit. Because if we're right, we'll be a part of the biggest shakeup in the history of mining stocks. If we're wrong, chalk it up to another failed pink sheet that got overly promoted. Right now, enough circumstantial evidence weighs heavily for me in the camp of Roger and Urban. Without further clarification, the shorts/bashers got some circumstantial evidence on their side with the 800B AS, but they got no smoking gun. Neither side has had a smoking gun. The first one that gets one wins. It's as simple as that. My bet is with Roger.
IMO, the dividend discrepancy is a huge hint that much more remains to be revealed. I guess we can definitely say this (as much as I hate saying it). We will DEFINITELY know the OS on September 24. I hate to think we'll have to wait that long to find out. But if we do, we do. I'm prepared to wait. I hope Urban and Roger see fit, however, to give shareholders some more concrete evidence before then. Surely they must understand how frustrating it is for us to be in the dark for this long with a share price that does NOT move (except down). Conversely, they may have to do what they have to do until September 24 without revealing anything.
As I said, I am in "Sit back, have some popcorn and enjoy the show" mode. All we can do is wait, watch and see if our hero survives and moves on to glory, or bites the dust. Personally, I believe in a happy ending on this one.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
