July 18, 2004 04:47 AM US Eastern Timezone

CMKM Diamonds, Inc. Announces Dividend to Shareholders of Record Date and Option Agreement

DENVER--(BUSINESS WIRE)--July 18, 2004--CMKM Diamonds, Inc. (Pink Sheets:CMKX) is pleased to have reached a purchase agreement with U.S. Canadian Minerals, Inc. (OTC BB:UCAD) to which U.S. Canadian Minerals Inc. will be purchasing 5% of all mineral claims held by CMKM Diamonds, Inc. in exchange for 7.5 million shares of UCAD. CMKM Diamonds, Inc. will later issue these shares to all shareholders of record on August 20, 2004.

In addition, UCAD has a 1 year option agreement to purchase an additional 10% interest of all mineral claims held by CMKM Diamonds, Inc. for a total of $15 million U.S. dollars payable to CMKM Diamonds, Inc. Mr. Rendall Williams, CEO for UCAD, stated: "Having the opportunity to have worked with the management of CMKM Diamonds, Inc. on the Carolyn Pipe and on the Goldak Airborne surveys, we are looking to move aggressively forward in building shareholder value for both companies."

Urban Casavant, CEO CMKM Diamonds, Inc., stated: "We are looking to move forward as a team in order to create a winning formula for success of bothe companies as well as their shareholders!" More details will be released in future news releases.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.

CMKM Diamonds, Inc. Announces Joint Venture Option Agreement With United Carina Resources Corp. and Consolidated Pine Channel Gold Corp.
3/22/2004 9:30:00 AM
LAS VEGAS, Mar 22, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc.(Pink Sheets:CMKX) announces option agreement with United Carina Resources Corp.(UCA) CDNX and Consolidated Pine Channel Gold Corp. (KPG) CDNX. CMKM Diamonds Inc. shall acquire 25% interest of twenty-seven (27) mineral claims, which comprise of approx. 22,447 acres and are located in the province of Saskatchewan, Canada named the Smeaton Property by the optionor. The property is located in central Saskatchewan north of Fort a la Corne and situated within the boundaries of NTS 73-H-07. The grant of option shall be made in consideration of the total payment of $50,000 U.S. and CMKM Diamonds, Inc. shall become operator of the property, shall spend or cause to be spent, an aggregate of $200,000 Cdn. on a program of exploration and development work on the property, on or before March 31, 2005. United Carina Resources Corp. shall retain 25% interest and Consolidated Pine Channel Gold Corp. will also retain 25% interest of the twenty-seven (27) mineral claims total, with the remainder 25% interest optioned out to another party.

There is no guarantee that further exploration or drilling will produce any economic benefit to the Company or the shareholders of the Company.

This Press Release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this Press Release other than statements of historical fact are "forward-looking" statements. Although Management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this Press Release.

SOURCE: CMKM Diamonds, Inc.

Diamonds Hotline
Melvin O'Neil, 306-752-3755 or 877-752-3755
ipr@sasktel.net

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

U.S. Canadian Minerals Announces Option
3/29/2004 11:40:00 AM
LAS VEGAS, Mar 29, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals Inc. ( UCAD ) today announced that it has signed an Option Agreement with United Carina Resources Corp. ( UCA ), Consolidated Pine Channel Gold Corp. ( KPG ), and CMKM Diamonds Inc. (Pink Sheets: CMKX).

U.S. Canadian Minerals has the right to acquire an option to purchase a 25% interest in 27 mineral claims, which are comprised of approximately 22,447 acres. These claims are located in the province of Saskatchewan, Canada and were named the Smeaton Property by the optionor. The property is located in central Saskatchewan north of Fort a la Corne and situated within the boundaries of NTS 73-H-07. The grant of option shall be made in consideration of the total payment of $50,000USD. U.S. Canadian must spend or cause to be spent, an aggregate of $200,000 Cdn. on a program of exploration and development work on the property, on or before March 31, 2005 to complete the purchase. United Carina Resources Corp. shall retain 25% interest; Consolidated Pine Channel Gold Corp. will also retain 25%, and CMKM Diamonds will retain the remainder 25% interest.

There is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.

Company Web site: www.uscanadian.net

SOURCE: U.S. Canadian Minerals, Inc.

U.S. Canadian Minerals Inc., Las Vegas
R. Williams, 702-990-3672

DON'T SELL

The bashers will be here, remindinding you of the last run and drop, and trying to convince you to sell. They'll have "fatherly" advice, that you should sell enough to get your free shares.

DON'T SELL

There will be conspiracy theories galore.

DON'T SELL

As a matter of fact, if you can "GET CMKX", get more, and

Dividend math.... can this be correct?

500B O/S = .00005
50B O/S = .0005
5B O/S = .005

This would mean that if you hold 10M shares you would receive:

500B O/S = $500
50B O/S = $5000
5B O/S = $50000

I arrived at this by taking $25M dividend and splitting it up between all O/S.

Comments?

quote:

---

Originally posted by noahltl:
This is certainly not the last PR. Much more to come. This dividend deal with UCAD was not what E & A was brought on board for. Urban could have done this one on his own.

---

Especially, since I noticed a misspelled word on it!!!

quote:

---

Originally posted by noahltl:
This is certainly not the last PR. Much more to come. This dividend deal with UCAD was not what E & A was brought on board for. Urban could have done this one on his own.

---

Accumulated
Preferred A Series Preferred B Series Common Stock Additional Deficit During Total
------------------- ------------------- -------------------- Paid-In Development Stockholders'
Shares Amount Shares Amount Shares Amount Capital Stage Equity
--------- --------- --------- --------- ---------- --------- ----------- ------------- ------------
Balance at December 31, 2003 112,500 $ 113 140,000 $ 140 445,149 $ 445 $13,809,140 $(15,016,484) $(1,206,646)

Issuance of preferred stock
in satisfaction of
Company liabilities 10,000 10 -- -- -- -- 156,406 -- 156,416

Issuance of common stock
in satisfaction of
Company liabilities -- -- -- -- 13,209 13 323,599 -- 323,612

Issuance of common
stock for services,
weighted average price
of $4.81 -- -- -- -- 691,720 692 3,324,960 -- 3,325,652

Conversion of preferred
A series stock into
common stock (104,600) (105) -- -- 1,460,000 1,460 (1,355) -- --

Issuance of common stock
related to joint
venture agreement with
Nevada Minerals, Inc. -- -- -- -- 5,000,000 5,000 6,895,000 -- 6,900,000

Net loss -- -- -- -- -- -- -- (3,328,978) (3,328,978)
--------- --------- --------- --------- ---------- --------- ----------- ------------- ------------

Balance at March 31, 2004 17,900 $ 18 140,000 $ 140 7,610,078 $ 7,610 $24,507,750 $(18,345,462) $ 6,170,056
========= ========= ========= ========= ========== ========= =========== ============= ============

http://old.edgarpro.com/edgar_conv_html/2004/05/21/0001019687-04-001152.html#FIS_BALANCE_SHEET

quote:

---

Originally posted by bill1352:
but to do that he has to have the controling interest in this stock which means the float may not be over 200 billion if the rumor of a 400 billion o/s is true

---

quote:

---

Originally posted by noahltl:
Most of the DD on the old one will be useless now, and new information will be extremely important as we surge ahead. CMKX - What a great stock.

---

New information? These PRs are from March. Did I miss something...

-R

quote:

---

Originally posted by bill1352:
will i think that is right it would apply to the o/s not the a/s as some share may not have been issued just approved to possibly be issued...also if this becomes a fully reporting company am i correct in that any insider shares become restricted and thus also not part of the float?

---

Someday somebody will write up a case study on this baby and it will go int Biz school text books.

(boy, that Joel juy must be kinking himdelf in the head about now huh?)

Good luck all, God Bless and fasten your seatbelts.

All above is my opinion and must be viewed as such.

#1. Who decides what 5% of the claims that UCAD in going to get? Do they get the pick the location that they want, and will they take the biggest hot spots. Or will CMKX be able to tell them which portion is theirs?

#2. What will UC do with the funds he now has available to him? Will this go towards his portion of the claims and the ultimate goal of finding and mining diamonds. Or will he continue to waste it on these race cars?

In any case, things are looking up again. I'm sure it will take Wallace a day or two to think of a way to put a negative spin on this news. But we all know he will find a way. He's allowed to though, its a free country.

Thanks to all, and Good Luck!!!

Stockholder
CMKX O/S Shares UCAD (2) / (1) CMKX Last Quote Our Diviend
In Exchange Position UCAD


100,000,000,000 7,500,000 0.000075 10,000,000 3.40 2,550
50,000,000,000 7,500,000 0.000150 10,000,000 3.40 5,100
2,500,000,000 7,500,000 0.003000 10,000,000 3.40 102,000
1,000,000,000 7,500,000 0.007500 10,000,000 3.40 255,000
500,000,000 7,500,000 0.015000 10,000,000 3.40 510,000
400,000,000 7,500,000 0.018750 10,000,000 3.40 637,500
300,000,000 7,500,000 0.025000 10,000,000 3.40 850,000
200,000,000 7,500,000 0.037500 10,000,000 3.40 1,275,000
100,000,000 7,500,000 0.075000 10,000,000 3.40 2,550,000


This is based on current prices.
UCAD could have a higer price depending on : the impact of last Friday claim when mkt opens on Monday, and UCAD can
face a short Squeeze also, price could move even higher.

2 means UCAD shares in Exchange ... 1 means Cmkx O/s

-------------------------------------------------------------------------------- http://cmkxdiamonds.********s28.com/index.cgi?board=rumors&action=display&num=1090172409

This is a very well thought out move by Urban and D. Roger Glenn. The announcements in this PR show us who we have guiding this company and that they know how to get things done in the order they need to get done in. Many wondered about the R/S that UCAD had at 125 to 1 in January 2004, but it could be that Urban’s plan was already in action. UCAD and CMKM Diamonds have been side by side next door neighbors in Vegas for a while. Let me mention two important events about UCAD.
UCAD notes =

1. As of May 18, 2004, the issuer had 7,770,745 shares of common stock issued and outstanding.
(The closing value Friday is $3.40 per share) http://www.pinksheets.com/quote/quote.jsp?symbol=UCAD

2. COMMON STOCK - In January 2004, the Company approved a 125-to-1 reverse stock split of its common stock. Accordingly, the accompanying financial statements have been retroactively adjusted from inception.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001019687%2D04%2D001152%2Etxt&FilePath=%5C2004%5C05%5C21%5C&CoName=U+S+CANADIAN+MINERALS+INC&FormType=10QSB&RcvdDate=5%2F2 1%2F2004&pdf=

Now lets take into consideration our latest PR in CMKX. We will look at it in two segments.
-----------------------------------------------------------------------------------------------------------
DENVER, Jul 18, 2004 (BUSINESS WIRE) --

CMKM Diamonds, Inc. (Pink Sheets:CMKX) is pleased to have reached a purchase agreement with U.S. Canadian Minerals, Inc. (OTC BB:UCAD) to which U.S. Canadian Minerals Inc. will be purchasing 5% of all mineral claims held by CMKM Diamonds, Inc. in exchange for 7.5 million shares of UCAD. CMKM Diamonds, Inc. will later issue these shares to all shareholders of record on August 20, 2004.

In addition, UCAD has a 1 year option agreement to purchase an additional 10% interest of all mineral claims held by CMKM Diamonds, Inc. for a total of $15 million U.S. dollars payable to CMKM Diamonds, Inc.
--------------------------------------------------------------------------------------------
Lets see if we can get some understanding out of this thing.
1. We have reached a purchase agreement with UCAD. – This says that we have reached an agreement to purchase 7.5 million shares of UCAD for 5% of all claims held by CMKM Diamonds (CMKX). The 5% of all claims doesn’t necessarily mean we are selling and giving up any claims in particular but rather that UCAD now has 5% interest in all of our CMKX claims in totem. This is pretty well thought out because we now have about 49% of the O/S in UCAD and giving this 5% claims agreement is like paying ourselves.

Too, one of the grand parts of this is that UCAD only has about an 7.7 million O/S as of May 18, 2004 and you add another 7.5 million for CMKX and that makes it 13.2 million O/S. Not only does CMKX have 49% of UCAD but the float on an O/S of 13.2 million has to be in the thousands or 100’s of thousands. What does that mean?

That means that with the statement that came out in the PR showing CMKX’s intentions of giving these shares to the shareholders then that puts a squeeze on the market makers and brokerage firms that have naked short sold CMKX like they can’t imagine. How is that?

Lets say there are only 1 million naked short sells (although it is likely to be in the 100’s of billions) with a float of 100,000 for UCAD. The market makers and or brokerage firms will have to pay to the naked short positions any share dividend CMKX gives to their shareholders. Quite frankly they can’t do that.

The volume for UCAD in the last 6 months could be summarized like this:
1. Only 4 days of trading volume over 100 thousand
2. Only 9 total days of trading volume over 50 thousand
3. Only 12 total days of trading volume over 25 thousand
4. All of the other days of trading volume were in low thousands to only hundreds
Thus showing a potential short float of possibly 10 thousand or less.

Therefore in my opinion it would be impossible for the market makers and brokerage firms to cover the naked short shares with UCAD shares meaning they will have to COMPLETELY COVER ALL NAKED SHORT SELLS to CMKX or be exposed for all to see.

The MM’s do have another option of actually trying to buy UCAD shares at $3.40 plus per share to cover the naked short positions they would owe in share dividend to CMKXers, but we all know that isn’t going to happen.
In my absolutely humble opinion, the MM’s and brokerage firms will be scrambling to cover Monday morning and I see no way out of it at this time.

What does that mean? Depending on the total naked short sell position and any CMKXers that are crazy enough to want to sell. The short squeeze is on. The fewer that are ready to sell the higher the PPS will have to go to make the pay off for investors worth the sell. How high can it go? Depending on the number of actual Naked short sells that have to be covered and the strength of investors to hold out for more. If we do have a huge naked short position against the MM’s say in the neighborhood of 100 billion (est by many to be 1 trillion) then the float for CMKX is all the MM’s can use to cover their positions. We are the float and if we don’t sell then the PPS has to keep climbing until the float increases to the point of the MM’s paying out there 100 billion or more naked short sell positions to CMKXers.

Don’t be surprised if the PPS doesn’t jump early Monday or at all Monday! Why? Because the MM’s are going to try and disguise the fact that they are in a pickle with a naked short sell position. If they open very high to try and get the shares then others will see the dilemma is real and will begin holding out for more.

In my opinion I look for the MM’s to lay back like nothing is wrong and try and keep the PPS down as to discourage investors into believing there is no naked short position or gap up in price coming and thus deceiving them into selling. Don’t think that many won’t be fooled by this because they will.

Don’t be deceived by anything the MM’s do over the next few days. This maneuver by Urban and D. Roger Glenn is intentional, well thought out, and brilliant. Whatever you do, if you can, hold, hold, hold!

The record date of 20 Aug 2004 is just as ingenious for the MM’s now have an absolute deadline before them and all issues with naked short sold securities have to be settled by this date or else. Every one. This gives them room to cover without backing them into a corner where they can’t get out. We are not interested in killing off MM’s only putting a limp in their stride and hopefully teaching them a lesson they will never forget.

The additional comments on this first section of the PR:
“In addition, UCAD has a 1 year option agreement to purchase an additional 10% interest of all mineral claims held by CMKM Diamonds, Inc. for a total of $15 million U.S. dollars payable to CMKM Diamonds, Inc.”

This is a guaranteed wave 2 on the MM’s or anyone else that tries to hold out through the deadline. This can be exercised anytime during this set year such as on 21 Aug 2004 if the MM’s manage somehow to miraculously slip through the first deadline. Some see 10% at $15 million when the first 5% was at a net worth of 25.5 million as discouraging. That is silly. We, as CMKXers, will have 49% of the O/S of UCAD and it would be taking from the left hand to pay the right hand.

This second option on hand for another round of kicking MM and brokerage firm butt is not intended to diminish neither the long term possibilities of CMKX nor our new dividend investments in UCAD. It is what it is: A GUARANTEED ROUND 2 and then 3 and 4 if the MM’s or anyone else wants it. We all know they don’t.

Mr. Rendall Williams, CEO for UCAD, stated: "Having the opportunity to have worked with the management of CMKM Diamonds, Inc. on the Carolyn Pipe and on the Goldak Airborne surveys, we are looking to move aggressively forward in building shareholder value for both companies."

Urban Casavant, CEO CMKM Diamonds, Inc., stated: "We are looking to move forward as a team in order to create a winning formula for success of both companies as well as their shareholders!" More details will be released in future news releases.

This is another phase of the 1 - 2 punch. The key words here by Mr. Williams are “we are looking to move aggressively forward” and “in building shareholder value for both companies.” And Urbans key words are “We are looking to move forward as a team” and “in order to create a winning formula for success of both companies as well as share holders”.

We now have an incredible partner in getting the MM’s off our back and keeping the MM’s off our back. The aggressive forwardness shows that all delays are behind us and both agree the time is now to move forward with establishing sound value for both companies. Urban carries the shareholders a little closer than Mr. Williams did by calling us a “team” and thus co-creators of a winning formula for company and share holders.

This answers one of the question’s I posted early this morning about the How and When. This is only the beginning of this thing so don’t get antsy and sell. We still have incredible variables in play that can increase this soon to come boost exponentially. We all knew the naked short sell position would have to be dealt with before any true share structure and PR’s could be released with any significance so we can experience full impact of the great news ahead.

I will reiterate what I have said in the past that:

“This is not the end, this is not even the beginning of the end, but it is perhaps the end of the beginning.” Dr.D

I have to run. More thoughts will come later.

Success to all!

IMO, think about when the market opens Monday. With this PR out, think about which way our PPS is heading. With the new price valuations of our stock, it is exciting for us that hold...anticipating a nice increase in PPS for the next month. Without publicity, who's gonna be buying these shares from the shareholders to keep that price climbing? It's not gonna be bought up by us that are already in this from the get go. It will be bought up by new investors that are just finding out about the company and wanting in! These people will never have known the .0001-.0004 days. The investors that are going to buy our .0012 and .005 shares will most likely be the car fans that have just recently learned about CMKX amongst some of us that are still buying at that point. Urban knew that at each step of the increase in PPS, it was extremely important to have a good demand on the stock so as to support its gradual price increase. With new investors, it helps to form a base more easily. When the stock is .001, they will think that is cheap for a company like CMKX. Just like we thought .0001 was cheap when most of us bought in.

This is a very well thought out move by Urban and D. Roger Glenn. The announcements in this PR show us who we have guiding this company and that they know how to get things done in the order they need to get done in. Many wondered about the R/S that UCAD had at 125 to 1 in January 2004, but it could be that Urban’s plan was already in action. UCAD and CMKM Diamonds have been side by side next door neighbors in Vegas for a while. Let me mention two important events about UCAD.
UCAD notes =

1. As of May 18, 2004, the issuer had 7,770,745 shares of common stock issued and outstanding.
(The closing value Friday is $3.40 per share) http://www.pinksheets.com/quote/quote.jsp?symbol=UCAD

2. COMMON STOCK - In January 2004, the Company approved a 125-to-1 reverse stock split of its common stock. Accordingly, the accompanying financial statements have been retroactively adjusted from inception.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001019687%2D04%2D001152%2Etxt&FilePath=%5C2004%5C05%5C21%5C&CoName=U+S+CANADIAN+MINERALS+INC&FormType=10QSB&RcvdDate=5%2F2 1%2F2004&pdf=

Now lets take into consideration our latest PR in CMKX. We will look at it in two segments.
-----------------------------------------------------------------------------------------------------------
DENVER, Jul 18, 2004 (BUSINESS WIRE) --

CMKM Diamonds, Inc. (Pink Sheets:CMKX) is pleased to have reached a purchase agreement with U.S. Canadian Minerals, Inc. (OTC BB:UCAD) to which U.S. Canadian Minerals Inc. will be purchasing 5% of all mineral claims held by CMKM Diamonds, Inc. in exchange for 7.5 million shares of UCAD. CMKM Diamonds, Inc. will later issue these shares to all shareholders of record on August 20, 2004.

In addition, UCAD has a 1 year option agreement to purchase an additional 10% interest of all mineral claims held by CMKM Diamonds, Inc. for a total of $15 million U.S. dollars payable to CMKM Diamonds, Inc.
--------------------------------------------------------------------------------------------
Lets see if we can get some understanding out of this thing.
1. We have reached a purchase agreement with UCAD. – This says that we have reached an agreement to purchase 7.5 million shares of UCAD for 5% of all claims held by CMKM Diamonds (CMKX). The 5% of all claims doesn’t necessarily mean we are selling and giving up any claims in particular but rather that UCAD now has 5% interest in all of our CMKX claims in totem. This is pretty well thought out because we now have about 49% of the O/S in UCAD and giving this 5% claims agreement is like paying ourselves.

Too, one of the grand parts of this is that UCAD only has about an 7.7 million O/S as of May 18, 2004 and you add another 7.5 million for CMKX and that makes it 13.2 million O/S. Not only does CMKX have 49% of UCAD but the float on an O/S of 13.2 million has to be in the thousands or 100’s of thousands. What does that mean?

That means that with the statement that came out in the PR showing CMKX’s intentions of giving these shares to the shareholders then that puts a squeeze on the market makers and brokerage firms that have naked short sold CMKX like they can’t imagine. How is that?

Lets say there are only 1 million naked short sells (although it is likely to be in the 100’s of billions) with a float of 100,000 for UCAD. The market makers and or brokerage firms will have to pay to the naked short positions any share dividend CMKX gives to their shareholders. Quite frankly they can’t do that.

The volume for UCAD in the last 6 months could be summarized like this:
1. Only 4 days of trading volume over 100 thousand
2. Only 9 total days of trading volume over 50 thousand
3. Only 12 total days of trading volume over 25 thousand
4. All of the other days of trading volume were in low thousands to only hundreds
Thus showing a potential short float of possibly 10 thousand or less.

Therefore in my opinion it would be impossible for the market makers and brokerage firms to cover the naked short shares with UCAD shares meaning they will have to COMPLETELY COVER ALL NAKED SHORT SELLS to CMKX or be exposed for all to see.

The MM’s do have another option of actually trying to buy UCAD shares at $3.40 plus per share to cover the naked short positions they would owe in share dividend to CMKXers, but we all know that isn’t going to happen.
In my absolutely humble opinion, the MM’s and brokerage firms will be scrambling to cover Monday morning and I see no way out of it at this time.

What does that mean? Depending on the total naked short sell position and any CMKXers that are crazy enough to want to sell. The short squeeze is on. The fewer that are ready to sell the higher the PPS will have to go to make the pay off for investors worth the sell. How high can it go? Depending on the number of actual Naked short sells that have to be covered and the strength of investors to hold out for more. If we do have a huge naked short position against the MM’s say in the neighborhood of 100 billion (est by many to be 1 trillion) then the float for CMKX is all the MM’s can use to cover their positions. We are the float and if we don’t sell then the PPS has to keep climbing until the float increases to the point of the MM’s paying out there 100 billion or more naked short sell positions to CMKXers.

Don’t be surprised if the PPS doesn’t jump early Monday or at all Monday! Why? Because the MM’s are going to try and disguise the fact that they are in a pickle with a naked short sell position. If they open very high to try and get the shares then others will see the dilemma is real and will begin holding out for more.

In my opinion I look for the MM’s to lay back like nothing is wrong and try and keep the PPS down as to discourage investors into believing there is no naked short position or gap up in price coming and thus deceiving them into selling. Don’t think that many won’t be fooled by this because they will.

Don’t be deceived by anything the MM’s do over the next few days. This maneuver by Urban and D. Roger Glenn is intentional, well thought out, and brilliant. Whatever you do, if you can, hold, hold, hold!

The record date of 20 Aug 2004 is just as ingenious for the MM’s now have an absolute deadline before them and all issues with naked short sold securities have to be settled by this date or else. Every one. This gives them room to cover without backing them into a corner where they can’t get out. We are not interested in killing off MM’s only putting a limp in their stride and hopefully teaching them a lesson they will never forget.

The additional comments on this first section of the PR:
“In addition, UCAD has a 1 year option agreement to purchase an additional 10% interest of all mineral claims held by CMKM Diamonds, Inc. for a total of $15 million U.S. dollars payable to CMKM Diamonds, Inc.”

This is a guaranteed wave 2 on the MM’s or anyone else that tries to hold out through the deadline. This can be exercised anytime during this set year such as on 21 Aug 2004 if the MM’s manage somehow to miraculously slip through the first deadline. Some see 10% at $15 million when the first 5% was at a net worth of 25.5 million as discouraging. That is silly. We, as CMKXers, will have 49% of the O/S of UCAD and it would be taking from the left hand to pay the right hand.

This second option on hand for another round of kicking MM and brokerage firm butt is not intended to diminish neither the long term possibilities of CMKX nor our new dividend investments in UCAD. It is what it is: A GUARANTEED ROUND 2 and then 3 and 4 if the MM’s or anyone else wants it. We all know they don’t.

Mr. Rendall Williams, CEO for UCAD, stated: "Having the opportunity to have worked with the management of CMKM Diamonds, Inc. on the Carolyn Pipe and on the Goldak Airborne surveys, we are looking to move aggressively forward in building shareholder value for both companies."

Urban Casavant, CEO CMKM Diamonds, Inc., stated: "We are looking to move forward as a team in order to create a winning formula for success of both companies as well as their shareholders!" More details will be released in future news releases.

This is another phase of the 1 - 2 punch. The key words here by Mr. Williams are “we are looking to move aggressively forward” and “in building shareholder value for both companies.” And Urbans key words are “We are looking to move forward as a team” and “in order to create a winning formula for success of both companies as well as share holders”.

We now have an incredible partner in getting the MM’s off our back and keeping the MM’s off our back. The aggressive forwardness shows that all delays are behind us and both agree the time is now to move forward with establishing sound value for both companies. Urban carries the shareholders a little closer than Mr. Williams did by calling us a “team” and thus co-creators of a winning formula for company and share holders.

This answers one of the question’s I posted early this morning about the How and When. This is only the beginning of this thing so don’t get antsy and sell. We still have incredible variables in play that can increase this soon to come boost exponentially. We all knew the naked short sell position would have to be dealt with before any true share structure and PR’s could be released with any significance so we can experience full impact of the great news ahead.

I will reiterate what I have said in the past that:

“This is not the end, this is not even the beginning of the end, but it is perhaps the end of the beginning.” Dr.D

I have to run. More thoughts will come later.

Success to all!

Pheenix11

The final piece to the puzzle?
« Thread started on: Today at 2:05pm »

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I'm sure some of you remember a rumor of UC saying something at a race to the effect that no buyout of shareholders would be necessary because most shareholders would be out by .61.

What if the final piece to destroy the MM's is that UC plans on exerting enormous buying pressure in the next month?

If he has some extra money from selling claims or private investors, he could buy a ton of stock, thus forcing the MM's into a double squeeze as they have to raise the price to not only get us to sell to cover the short shares but also to cover the huge buy orders coming in from UC himself?

Any shares that are sold would effectively be going right thru the hands of the MM's and into UC's hands. That could create a situation where they have to raise the bid monumentally just to get more sells than buys.

Once UC owns every single share, the dividend from UCAD effetively goes to him. All the shareholders are out (by .61). UC owns all of CMKX & most of UCAD (isn't there float only about 7.7 million anyways?).

[This message has been edited by VNGNTN1 (edited July 18, 2004).]

[This message has been edited by VNGNTN1 (edited July 18, 2004).]