posted June 22, 2004 14:36            

Bashing does not bother me too much.

I have not been at this very long but, the way I figure things is that bashing will only have a short term effect.

Perhaps I am missing something.

I am just looking for this company to continue to put out honest PR's about where the company is with regard to the business.

In time I expect a PPS increase as a result of facts being given to the public.

I agree w/ Debi, this is going to be fun to watch.

PAUL

posted June 22, 2004 14:37            

quote:

---

Originally posted by Upside:
originally posted by Leardron:
Leardron,
In most cases insider trading is not illegal. Officers buy and sell their stock all the time. In the normal course of business, there's nothing wrong with it. It becomes illegal when an officer is in possession of non-public information about the company, and buys or sells based on that, or tips off an acquaintance to buy or sell because of this information. In any event though, I believe in CMKX's case he could buy or sell at any time he want's as they are a non-reporting company.

---

posted June 22, 2004 14:39            

quote:

---

Originally posted by brian2361:
Did anyone else see the .006. I almost s?@t my pants. LOL

---

posted June 22, 2004 14:43            

quote:

---

Originally posted by WWJD-thru-me:
I think the new article is definitely slanted in a biased way and I would call it a 'bashing' style. The writer talked about the recent press releases of unimportant things like the message board shut down but conveniently leaves off the ones about the law firm helping the company to become reporting again, the audit and the move to a new exchange and the probably true rumor of the shorted shares. Also, in fairness the other mining companies just released the results of their core sample tests taken last fall and spring. Ours will be given soon. This smacks of bash style for a buck. I'm not selling but if they can bring the price down I will be buying. Looking forward to seeing this play out.IMO--DD-Debi

---

posted June 22, 2004 15:11            

quote:

---

Originally posted by osubucks30:
Looks like its going to be another 2 billion volume day with no movement. May actually be down today. Bouncing between .0005 and .0006!

---

posted June 22, 2004 15:12            

Reader Comments - Comments are open and unmoderated, although abusive remarks may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.

--------------------------------------------------------------------------------

What kind of one sided article is this? This sounds like something you would read in some daily rag. Please realize people this guys opinion is worth no more then anyone elses. In fact with some of the things he left out I would say to discount it all together.

Posted by WTF @ 2004-06-22 14:06

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I think this gentleman is very biased and also not at all very thorough with his reporting

Posted by Manuel A Rodriguez @ 2004-06-22 14:15

--------------------------------------------------------------------------------

Does the hiring of a partner from a major lawfirm such as Edwards & Angell in order to get back on the OTC as a reporting company as quickly as possible qualify as an "entertaining press release"? Or is it simply one of the many positive pieces of information about CMKM Diamonds that the author has consciously omitted because it don't conform with his desire to launch a negative smear campaign against this company?

Posted by Hmmm @ 2004-06-22 14:36

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A blatant attempt to damage CMKX is proven here in this article. It is obvious who these people work for and with the non-stated facts regarding CMKX is also proof of this.

Posted by chrisl582004 @ 2004-06-22 14:42

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Now we know why Will Purcell doesn't work at the New York Times or Wall Street Journal. And, he never will.

Posted by Harley @ 2004-06-22 14:46

--------------------------------------------------------------------------------

How much were you paid by the Market Maker's Mr. Will Purcell? Good luck on your newspaper route

Posted by Lupe the Gardner @ 2004-06-22 14:51

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Mr. Purcell did your mother help you get this job, because I bet she is very proud of you bashing a stock. Great article printed it for my birdcage.

Posted by Lupe the Gardner @ 2004-06-22 14:57

--------------------------------------------------------------------------------

Where are the lab results Mr. Purcell from the CMKM drilling? Have you seen the other lab results from the multiple other pipes? Unless you have documentation from the lab, from CMKM, or Roger Glenn, I would hold on comments. The shareholders of CMKM Diamonds are waiting for the PR and will not sell 1 stock until a PR is released by the company.

Will, Have a great day!! : )

Posted by Gjfromfla @ 2004-06-22 14:57

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Only people with journalism skills are allowed to complain about multiple explanation points!!! You don't qualify Mr. Purcell!!! lol, no wonder he's working at StockWatch!!!

Posted by Frank DeLamas @ 2004-06-22 14:59

--------------------------------------------------------------------------------

Be careful how you take anything from stockwatch..That website is nothing more than just another message board..This recent article is obviously one individual's writings that have not been in any newspaper..Articles like pieces of this nature is to sway shareholders to a state of uneasiness..

There are many discrepancies with this article and the main one is the lack of mentioning of the law firm..

Don't you find it interesting that there are so many news releases and quite a few what is seemed as professional writtings only to have been completely fabricated.It seems to me that certain Market Makers and not bashers are behind this endeavor..This is another sign of things getting quite worrisome for the market makers.

Folks, I view this as very exciting..

Have a good day Varok

Posted by varok @ 2004-06-22 15:00

--------------------------------------------------------------------------------

Mr. Purcell I am sure you got paid well for this article. Probably can afford that new Parka you always wanted huh?

Posted by Lupe the Gardner @ 2004-06-22 15:04

--------------------------------------------------------------------------------

It would be better journalism for StockWatch to reference sources. Conjecture and assumption are both very immature journalistic practices. Since StockWatch has chosen not to reference sources then I must conclude that most, if not all of the above assumptions made by Will Purcell are based on his knowledge alone.

"CMKM's Smeaton play began in March..." what play??? "Those plans hit a big snag..." what plans??? "a fraction even smaller than CMKM's recent share price..." journalistic freedom to be sarcastic??? "Based on earlier work on the Smeaton play, there should have been few surprises in any of the recent results form Smeaton..." source??? "As a result, what CMKM now calls its new Carolyn pipe is actually the old Smeaton kimberlite..." conjecture/fact, based on what???? "Entertaining press releases are not the only unusual quirk with CMKM..."more journalistic freedom to be sarcastic???

The fact that the De Beers Canada Corp. and Kensington Resources Ltd. group find the area to be profitable and reside as abutters to the CMKX group's property has been washed over by Will. I would think that with a little more journalistic knowledge that Will, would have found that the same pipe runs through both properties. Is Will a broker, diamond dealer, miner, SEC representative or in any way professional enough to make the assumptions made above? I think not. Will has gathered a lot of information and has then decided to use his imagination and hearsay to write a "Professional" (sic) article about a company without actually doing basic journalistic due diligence. Unbelievable all I can say. The fact that StockWatch published this article without any disclaimers at all leads me to believe that they also concur with Will's wildly imaginative assumptions. I therefore, have come to my own conclusion that StockWatch is not putting out reliable information and I must discontinue using StockWatch as information tool. Also, I feel compelled to voice my opinion to all of my stock "Buddies". Sorry and goodbye... cya wnwtby

Posted by 500andLong @ 2004-06-22 15:04

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posted June 22, 2004 15:16            

Started question QBID on April 21!! It was at .018 has fallen since! Now at .012 thats a 33% decrease. I do not just bash a stock I just think this has more of a chance seeing .0001 before seeing .001!!

posted June 22, 2004 15:16            

quote:

---

Originally posted by noahltl:
Osubucks: You started your own CMKX thread. Why are you here???? Too hot on that one????

---

posted June 22, 2004 15:19            

quote:

---

Originally posted by osubucks30:
...DO NOT OWN AND WILL NOT BUY!

---

posted June 22, 2004 17:45            

I don't know were this drill site was, but I do know CMKX has sites in and around Shore Gold and De Beers
Were said to be nonmagnetic Kimberlite was over looked.

posted June 22, 2004 18:10            

quote:

---

Originally posted by CB:
Shore Gold PR out
http://biz.yahoo.com/cnw/040622/shore_gold_recoveries_1.html

I don't know were this drill site was, but I do know CMKX has sites in and around Shore Gold and De Beers
Were said to be nonmagnetic Kimberlite was over looked.

[This message has been edited by CB (edited June 22, 2004).]

---

The site is here: "SASKATOON, SK"

posted June 22, 2004 18:43            

quote:

---

Upside-It is getting a little old to hear the same old questions-the truth is still the same answer. Meaning that the half truth crap in the article that was posted from stockwatch that you invite the longs to answer have all been answered on the previous 40+ pages. If you were not satisfied with those answers we don't have anything new to offer. But we will when we get the press release from the company that we are waiting for. The number of O/S has not been released yet and is unknown by the investors at this time. The quality law firm and lawyer hired by CMKX to give immediate attention to problems facing our company is one of the PR's that the article writer neglected to mention along with the fact that the company is in the process of working to become a reporting company again. Is any of this news to you? Why waste our time? The company believes there is a large naked short position in this stock and is forcing the issue by an audit and subsequent change of transfer agent. Not mentioned by such a high caliber newswriter? Who wrote it? Was it the Wall Street Journal. No? The National Enquirer? No, not even the caliber of the National Enquirer. No, Will gets to write his one sided stories for Stockwatch. I wonder who pays for that.

---

posted June 22, 2004 19:08            

I welcome all negative feedback on this stock. the only way you can know the truth of the matter is to look at the possitive with the negative.

i will not fall in love with any stock. as some have the custom in pennyland.

bring on the negatives.

5 million strong and growing.

quote:

---

Originally posted by Upside:
originally posted by WWJD-thru-me:
Debi,
The point I was trying to make is that no one is truly interested in hearing both sides of this particular story. If that had been a positive article which failed to mention some of the negative aspects of the company, you and all the other supporters here would have lauded it as the gospel truth. Granted, it did fail to mention the law firm and the transfer agent audit but the negative points that he brought out are well founded and to me anyway, are very real concerns as they should be to everyone. I guess we all have somewhat of an agenda here but more and more, it seems as if you post the slightest negative comment on this stock, it turns into a witch hunt.

---

posted June 22, 2004 21:01            

quote:

---

Where is this report that you are refering to . I would like to read it myself.

---

posted June 22, 2004 21:08            

quote:

---

Originally posted by Upside:
originaly posted by penny-trader:
Page 45 of this thread, posted at 13:21 by tradingpennys.

---

posted June 22, 2004 21:32            

Shore Gold Inc SGF
Shares issued 38,056,664 Jun 21 2004 close $ 1.60
Tuesday June 22 2004 News Release

Mr. George Read reports

STAR DIAMOND PROJECT INITIAL DIAMOND RECOVERIES: 344 CARAT PARCEL

Shore Gold Inc. has released the initial diamond recoveries for the first six sample batches processed from the Star kimberlite. These are the initial results of about 80 to 100 kimberlite batches that will be processed as part of the bulk sampling program on the Star diamond project, the aim of which is to recover a parcel of about 3,000 carats for valuation purposes. A total of 3,355 commercial-sized diamonds (greater than 1.18-millimetre square mesh screen), collectively weighing 338 carats, has been recovered from the treatment of 4,913 dry tonnes of kimberlite. Thirty-three diamonds greater than one carat have been recovered and the three largest stones are: 3.50, 3.31 and 3.19 carats, respectively. In addition, 352 diamonds (six carats) were recovered down to 0.85-millimetre square mesh. The colour of over 80 per cent of these diamonds has been classified as white, with a further 12 per cent classified as off-white.

Initial kimberlite processing commenced in three areas of the Star kimberlite:

1.) The top of the kimberlite (batch 1) was used to commission the plant as low diamond grades were anticipated due to dilution caused by abundant mudstone xenoliths in the immediate vicinity of the shaft.

2.) Kimberlite was processed from the shaft above (batch 5) and below (batch 7A) the 175-metre shaft station, in addition to the kimberlite extracted to construct the 175-metre station (batch 6).

3.) Kimberlite from the 235-metre shaft station (batch 9) and kimberlite from the base of the shaft (batch 10).

The kimberlite batches from the 175- and 235-metre shaft stations were processed to confirm lateral drift development proceeding on these levels. Batches 2A, 2B, 3A, 3B, 4A, 4B, 7B, 7C (all from shaft), 11 and 12 (from 235-metre level) have all been processed on site and the concentrates dispatched to the sorting laboratory for final diamond recovery. Results from these batches are pending.

All batches processed to date are classified as crater facies volcaniclastic kimberlites. The batches from the upper portion of the Star kimberlite (batches 1 and 5) are late Joli Fou stratigraphic equivalent kimberlites while the batches from the lower part of the shaft (batches 7, 9 and 10) are early Joli Fou equivalent kimberlite. batch 6 is located approximately at the boundary of the early and late Joli Fou kimberlite phases. Batch 6 exhibits some dilution from country rock mudstone xenoliths. The results suggest significant grade differences between the early and the late Joli Fou kimberlites. Batch 7A is a highly altered kimberlite breccia. The first shaft station was established at 175 metres below surface, above this altered breccia, for mine safety reasons. It is anticipated that lateral drift development will intersect this highly prospective breccia to the east of the shaft. Current mining on the 235-metre level has intersected similar breccias to batch 7.

Initial kimberlite processed and diamond results for these six sample batches are listed in the table below. Grades are expressed in carats per hundred tonnes (cpht).

Loca-
tion
Batch (m below Dry No. of Total
No. surface) tonnes stones (car-
ats)
1 Shaft:
107-131.4 825.52 246 13.08

5 Shaft:
161.5-171 373.90 238 18.51

6 Shaft and
station:
171-190.5 1,878.06 1,093 130.68

7A Shaft:
190.5-196.2 265.83 356 32.85

9 Station:
230.4-235 983.34 1,093 91.98

10 Shaft:
237-250 586.13 681 57.06
-------- ----- ------
Total 4,912.78 3,707 344.16

Loca-
tion Diamonds Largest
Batch (m below grade stone
No. surface) (cpht) (carats)

1 Shaft:
107-131.4 1.58 1.30

5 Shaft:
161.5-171 4.95 2.61

6 Shaft and
station:
171-190.5 6.96 3.50

7A Shaft:
190.5-196.2 12.36 2.87

9 Station:
230.4-235 9.35 2.14

10 Shaft:
237-250 9.73 1.10
------ ----
Total 7.01

The three largest stones have been recovered from batch 6: 3.50, 3.31 and 3.19 carats (all white), respectively. Ten diamonds exceed two carats and 33 diamonds exceed one carat of which 25 are white, five are off-white and three are brown. A total of 88 diamonds exceeds 0.5 carat. Over 80 per cent of the total diamond parcel is classified white in colour, with a further 12 per cent classified as off-white. The diamond parcel includes 24 yellow, 21 pink and three green stones. Ninety-eight per cent of the carat weight of this parcel occurs in diamonds greater than 1.18-millimetre square mesh. A selection of images of some of these diamonds is available on the Shore Gold website: www.shoregold.com.

Senior vice-president exploration, George Read, states: "These initial diamond results justify the significant work that has been required to commission this bulk sampling project. We are greatly encouraged by these results, in particular, the size and abundance of large stones and the overall high percentage of white stones."

The diamond recovery procedure includes on-site processing of kimberlite through the modular dense media separator (DMS), after which DMS concentrates are batch fed through an X-ray flow-sort. In order to ensure the recovery of low luminosity diamonds, the flow-sort tailings are processed over a grease table. Flow-sort and grease table concentrates are transported by a secure carrier to SGS Lakefield Research for final diamond recovery. The SGS Lakefield Research process includes drying, screening, magnetic separation, manual sorting, and diamond weighing and description. SGS Lakefield Research is accredited to the ISO/IEC 17025 standard by the Standards Council of Canada as a testing laboratory for specific tests.

Grease table tailings and samples of the DMS light fraction have been sent to Rio Tinto's Thunder Bay Mineral Processing Laboratory for audit. These tailings fractions will be audited for both free and locked diamonds down to 0.85-millimetre square mesh. The audit process includes screening, drying, magnetic separation, crushing and manual sorting. The audit process was delayed due to an abundance of sulphide in the grease table tailings of kimberlite batch 1. Grease table tailings audits for free diamonds have been completed for batch 1 and part of batch 6. Low diamond recoveries from the audit samples confirm the integrity of the processing plant. Most of the diamonds recovered from the audits are small (1.18- to 1.70-millimetre square mesh) and poor quality (brown or grey in colour). Audit sample processing continues and results will be integrated with final results. The Thunder Bay Mineral Processing Laboratory is accredited to the ISO/IEC 17025 standard by the Standards Council of Canada as a testing laboratory for specific tests.

Mr. Read, a professional geoscientist in the provinces of Saskatchewan and British Columbia, is the qualified person responsible for the verification and quality assurance of analytical results.

The Star diamond project is designed to recover a parcel of at least 3,000 carats of diamonds to enable an accurate valuation of the stones. Up to 25,000 tonnes of kimberlite will be recovered from the shaft and drifts and processed on site to produce this diamond parcel.

posted June 22, 2004 22:22            

quote:

---

Originally posted by cool1sh:
tradingpennys..
Your first post was on page 30 (jun 17th) from stockwatch. Did you pick this one from stockwatch too?

[This message has been edited by cool1sh (edited June 22, 2004).]

---

posted June 22, 2004 23:10            

MINING, OIL & GAS EXTRACTION
Mining

CMKM Diamonds Inc.

posted June 22, 2004 23:18            

CMKM Diamonds "Carolyn Pipe' Shows Some Promise
By Tom Bustamante,
Staff Reporter
NEW YORK--(WSNC)--June 13, 2004--CMKM Diamonds (OTC:CMKX) announced that initial tests show trace elements of diamonds on their Smeaton property in Saskatchewan, Canada.

Saskatchewan Research Council (SRC), an independent lab located in Saskatoon, Saskatchewan reported to the company today that the core samples from the "Carolyn Pipe" has come back positive for diamond content. The Smeaton property in Saskatchewan, Canada is jointly held by CMKM Diamonds Inc., being the primary operator of the claims, United Carina Resources Corp., Consolidated Pine Channel Gold Corp., and U.S. Canadian Minerals Inc..

In procedure of fair disclosure the company also announced that there is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company.

CORPORATE STRUCTURE

CMKX has been gathering a lot of attention lately with their plans of retaining a new auditor and law firm. If CMKX is serious about cleaning their company up to become fully reporting and compliant, then they seem to be making to correct first steps, but still have a ways to go.

As a first step, CMKX is correct to have a full audit conducted on the company, so as to know exactly how many shares and shareholders in the company. This will allow CMKX to review exactly what it is they are working with, and better work towards cleaning up the capital structure of the company. After the final audit, it would not be to surprising to see CMKX conduct some sort of reverse-split to reduce the number of shares outstanding, for they will most likely need this extra capital for production of their 'Carolyn Pipe" property. Of course, this would not be of great support to current shareholders, but would be a wise move for CMKX if they wish to clean up their capital structure to better reflect a higher exchange. I wouldn't expect a move on the capital structure issue until the auditing firm has had a chance to comb through the companies shares first. www.casavantmining.com

Afterwards, CMKX should then use their new law firm to make all the appropriate filings to get CMKX fully reporting, and apply for relisting on the OTC exchange. A good law firm can also help CMKX retain friendly financing, or better yet, some strategic partnerships for production on the diamond property.

posted June 22, 2004 23:22            

quote:

---

Originally posted by TradingWizard:
With so many CMKX shares being traded, and also possibly naked shorted, is there a possibility that this stock can reverse split? EAOP

---

....CMKX conduct some sort of reverse-split to reduce the number of shares outstanding, for they will most likely need this extra capital for production of their 'Carolyn Pipe" property.

- this is a quote from above, and hope its speculation for now

So what is the remedy to this issue - buy some more shares? What happens if it is 1:1000 reverse split?

------------------
'Alone we can do so little; together we can do so much.' - Helen Keller

[This message has been edited by TradingWizard (edited June 22, 2004).]

posted June 22, 2004 23:57            

quote:

---

What happens if it is 1:1000 reverse split?

---

posted June 23, 2004 00:07            

quote:

---

Originally posted by CB:
Shore Gold PR out
http://biz.yahoo.com/cnw/040622/shore_gold_recoveries_1.html

I don't know were this drill site was, but I do know CMKX has sites in and around Shore Gold and De Beers
Were the nonmagnetic Kimberlite was said to be over looked.

[This message has been edited by CB (edited June 22, 2004).]

---

posted June 23, 2004 00:14            

quote:

---

Originally posted by CB:
Here is the location on the map from todays News PR for Shore Gold.This gives New Light to CMKX's Next drill Site..I think this is good news for CMKX share holders for the fact that CMKX is planning on drilling on one of there sites next to De Beers 75 cluster location in and or around a corner of that location. http://casavantmining.com/images/17x11_Oct03.pdf

---

20 miles to the northwest, Ashton Mining has uncovered 900
> diamonds!...
>
> * To the southeast, DeBeers, the world's largest diamond
> producer, is in an exploration frenzy- they won't tell anyone
> what they've found...
>
> * And right in the middle of this region a small company owns
> 75,000 acres with over 30 geological anomalies...
>
>
> Potential value of each anomaly that contains diamonds:
> $1 to $3 BILLION!
>
> Dear Investor,
>
> My name is James DiGeorgia, Editor of the authoritative Gold & Energy
> Advisor, and after 20 years of advising thousands of investors, I've
> rarely seen a mining opportunity like this...
>
> Unknown junior exploration companies yielded staggering returns for
> investors when Canada's first major diamond mine was discovered.
> Companies such as...
>
> * Aber Diamond which saw its stock soar from $1.50 to over $40.
> Tiffany's invested $100 million and Aber Diamond now owns
> Harry Winston's (the most luxurious jeweler in America).
>
> * Dia Met Minerals discovered the Ekati diamond deposit and
> shares of their stock rose 13,300% in the first year or so
> after the discovery.
>
> * Winspear Resources was bought out by DeBeers in June of 2000 -
> yielding returns of over 600% to early investors.
>
> These now very successful diamond companies were right in the middle
> of Canada's first major diamond exploration area.
>
> And right now, on the other side of Hudson Bay, in the Otish Mountains
> of Quebec, a second major diamond area strikingly similar to the one
> in the Northwest Territory is being explored. Both major diamond
> producers and junior explorers recognizing the potential billions of
> dollars to be made have been rushing to stake claims. Diamonds
> already have been found at one spot in the region which means
> (according to geological precedent) there's plenty more in the
> surrounding land.
>
> One exploration company, the Otish Mountain Diamond Company (symbol
> OMDC:OTCBB), has already acquired the mining rights to 75,000 acres of
> mining claims right in the heart of the new Otish Mountain diamond
> region. And while the company's shares may be selling for peanuts now,
> the first confirmation of diamonds on its property could easily send
> shares soaring to many times their current value.
>
> I'm about to tell you why a small investment in this company could pay
> off enormously! First let me give you a few examples of junior mining
> companies, strikingly similar to Otish, that have made early investors
> millions of dollars...
>
> Aber Diamond
>
> In 1992 this company was a Canadian junior diamond exploration company
> trading for $1.50 a share. Today their stock sells for over $40 a
> share and they have a market cap of $2 billion ($2.5 billion in
> Canadian dollars).
>
> If you had invested $10,000 in Aber Diamond in 1991 you would have
> almost $2 million today.
>
> Tiffany's invested $100 million in Aber Diamond and after only a few
> years their investment is now worth $325 million.
>
> Aber Diamond is now one of the world's largest diamond producers. They
> also own Harry Winston's, the most luxurious jeweler in America.
>
> Dia Met Minerals
>
> The Canadian diamond boom, which began in the late 1990s with the
> success of the Ekati mine in the Northwest Territories, has already
> produced remarkable wealth for owners of many mining firms.
>
> One of these firms was Dia Met Minerals Ltd., which discovered the
> Ekati diamond deposit; it's 29% interest in the deposit was bought by
> the Australian mining giant BHP Billiton Ltd. in 2001 for
> approximately $480 million - valuing the mine at $1.7 billion.
>
> Dia Met was a small Canadian junior exploration company just like
> Otish Mountain Diamond Company (OMDC).
>
> If you had invested $10,000 in Dia Met Minerals in their early days
> you would have made in excess of $5 million at the time of discovery -
> that doesn't include the additional gains you would have made at the
> time of sale.
>
> Winspear Resources
>
> In June 2000, DeBeers bought out Winspear Diamond for 260 million
> Canadian dollars, which was 170 million in U.S. dollars at the time.
>
> DeBeers paid $4.25 per share - a 77% premium per share over the
> closing price on the previous day of trading.
>
> If you had invested $10,000 in 1997 you would have been bought out
> less than 3 years later for approximately $61,000.
>
> Demand Outstrips Supply
>
> The price of diamonds has shown robust growth ever since the Canadian
> diamond rush got under way in the mid-90s. More recently, wholesale
> diamond prices rose 10% in 2003 as demand for diamond jewelry surged
> once again in the U.S. And so far in 2004, the wholesale giant DeBeers
> has announced two price hikes - a 3% increase in January and a 5% rise
> in March.

posted June 23, 2004 01:15            

SPOKE WITH MELVIN:

Posted by: robbbbbb98
In reply to: None Date:6/22/2004 4:37:51 PM
Post #of 36339

MELVIN conversation 6-22-04 4:19pm

Melvin is doing well, was glad to hear form him we talked about the races this past weekend, we talked about drilling, They are all working hard to continue the progress we so eagerly await.
Melvin is one tough cookie I like his tenacity and passion, Im glad were on the same team. I am excited about the near term future prospects of CMKX, the next drill location imho will generate some buzz imho for sure! As far as other PR's well we are invlved in a company here under going some changes , serious growth phase and Im sure will see some developments in the very near term, Our Law Firm is obviously involved with this end of things by now and will dictate what is best course of action for PR's. Looking foward to the NEW Website which will give a more professional representation of our company and more detail and research for prospective investors! Ya know its nice to be able to contact Melvin and say thanks and just check in with him, Ive delt with so many companies on this level that I would not touch because they were not accessible at all. I will stick to my guns and say Its potentially the best sub penny Ive ever come across a real company carving a path in what could be one of the richest diamond finds in quit some time. Short term events could create explosive price appreciation as well as the long term prospects! Dont go anywhere accumulation phase is underway. Walkdown is being orcastrated by MM's Right Now they do this just prior to PR's any one with experience has seen this tactic many times over!

IMHO,

posted June 23, 2004 05:29            

Sterlings Latest (big) Post.. Your thoughts?
« Thread started on: 06/18/2004 at 02:46:55 »

--------------------------------------------------------------------------------
*CMKX*Our Casavant Checkmate*…

Many of us are Pawns in this game of Chess or even in what we know as life. The Pawn is considered your weakest piece for acknowledgment of power as compared to your Knights, Rooks, Bishops, Queen and King. Wisdom is what allows for the true understanding of how often the Pawn could be your strongest piece that puts your opponent in…Checkmate!

I am about to go out in left field on this post. Those that read, understand, and somewhat agree with what I discuss below, come on out in left field with me. For those who don’t understand… I understand, go ahead and stay in the clubhouse. As for the Market Makers (MMs), that have naked shorted CMKX, hope for rain before the fifth inning.

Urban increased the Authorized Shares to 500 billion back in Mar 04 and many had shown panic from fear of not understanding. What I am about to discuss is nothing more than what I think I understood to justify why he had done so mixed with some options of what I would do if I was Urban.

Logged

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CMKX
Diamond Guru (Admin)

member is offline

Posts: 2041
Re: Sterlings Latest (big) Post.. Your thoughts?
« Reply #1 on: 06/18/2004 at 02:47:11 »

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This could create a new paradigm for all OTC and OTCBB stocks to follow to force the Market Makers (MMs) to conform to a system of just being fair. I think many other CEOs will use Urban and CMKX as an example to establish the direction to combat naked shorting of their stock by the MMs.

Most MMs such as NITE, BSIC, JEFF, etc. have so many thousands of stocks that they are monitoring and trade on a daily basis that CMKX is not yet even on their radars yet, if I had to guess. Eventually once we get on the radar of the MMs, the MMs would soon realize that resistance is futile. That time is nearing in my opinion. The MMs have different levels of awareness that a stock must graduate to obtain growing recognition. We have graduated to the next level.

When Urban increased the AS to 500 billion shares, it caught ALL of the MMs off guard to think of them as your average pink sheet stock according to statistics. This was the best and most powerful move CMKX could have ever done. Previously, the MMs had reason to look at CMKX as one of those 90%+ penny stocks that never succeed in the penny world. Brilliant!!!

Urban increased the AS to 500 billion to first show accountability of the entire share structure for CMKX. Then Urban bought/retired back roughly 480 billion shares since the OS was roughly about 20 billion before the retiring of shares had began according to old SEC filings. Eventually, Urban’s goal is to retire each and every share to only leave what we will call the variable X for an OS. The variable X will be restricted. This could mean that we have no Outstanding Shares (OS) or one that has been carefully orchestrated through share retirement to be very low.

This means that most of us probably have naked shorted shares. The new official share count for CMKX will be whatever Urban reports to have for the recorded transactions for owning, not what we bought.

There is a chance that Urban bout the remaining 20 billion to retire the entire OS and Float. With the thought of not having an OS, this means that we don’t have a denominator to use for establishing fundamental value since the OS is what’s used for such determination.

For now, let’s assume that Urban left at least 1 share to allow for a denominator to simplify the assessment of fundamental value. We will use the variable X for the number 1.

Let’s assume that X will be no lower than 1 until further specified to be considered different at the given times. This means that Urban has retire CMKX shares down to the level of a number known as X. This means that what Urban is creating is a brand new term that I call Infinite Valuation.

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Re: Sterlings Latest (big) Post.. Your thoughts?
« Reply #2 on: 06/18/2004 at 02:47:28 »

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It’s called Infinite Valuation because the thought is that there are no limits as to how high your company could be valuated. Your EPS would equate to whatever you confirm to be your Earned Income of valuation that is given at such time by the company. Please review the formula:

Infinite Valuation = Earned Income ÷ X = EPS (Earnings Per Share)

Understand that X represents a number for the denominator when determining fundamental value as the OS keeps decreasing towards zero, but infinitely never reaches zero. This variable X will always be high enough to always capture the lowest OS before fully retiring in the example that I will be posting later. The thought is that the denominator keeps decreasing infinitely as it approaches zero, but never reaches zero.

Earned Income is considered to be Revenue – Expenses or the “Intrinsic Value” that was made into an actual value. (Within the Intrinsic Value the expenses are already included.) Earned Income would be considered as your net profits from revenues minus expenses. Let’s capture how this would work.

I am guessing that we have so much land full of kimberlite that there is no way we are going to mine all of what we have in our populated kimberlite areas. I am guessing that we will be selling some of that to those who are probably highly interested. Let’s take for an example that Urban releases confirmed valuation of $5 billion in CMKX. This means that because of what I explained above, our Infinite Valuation and EPS would equate to $5 billion per share. This is very powerful.

What’s even more powerful, earlier I mentioned that we use X to show the number of the OS to represent the lowest number to use as a denominator. To fully understand the power of this example, let’s make the assumption that X=1 for the reasons above. Observe…

Earned Income = $5,000,000,000
X = 1

So…
Infinite Valuation = Earned Income ÷ X = EPS
Infinite Valuation = $5,000,000,000 ÷ 1 = EPS
Infinite Valuation = $5,000,000,000 = EPS

This means that Infinite Valuation is equal to $5 billion, which would be equal to the EPS. Yes, this would mean that we would have an EPS of $5 billion per share.

Now back to the importance of retiring all shares except for 1 share. That 1 share could now be forward split to whatever number Urban desires to have for an OS. Now, Urban could pick any number to make this scenario work at this point. Let’s say he uses 5 billion. This would mean that Urban would now do a 5 billion to 1 forward split.

This would give Urban an amount of 5 billion for our OS and we would have to multiply our shares by 5 billion to be given the same CMKX forward split ratio. Since us shareholders are all holding naked shorted shares, this magnifies the naked shorted problems by 5 billion times the amount it was already naked shorted to significantly further compound the problems for the MMs. This would no doubt force an accelerated naked short covering.

With Urban having 5 billion for our new OS, he would simply retire those 5 billion shares by simply returning them back to the Treasury since those shares are restricted shares that had originated from the 1 pre-split share that was restricted, as I had previously mentioned.

This would mean that in essence, we would then be already private because he would have already bought all shares needed and accounted for with taking CMKX private. All he would then have to do is just name his price for the Tender Offer of taking the company private and the MMs would have to cover by his price named by the execution date stated by Urban in the PR. This would be like Urban buying out himself since he would own all of the accountable shares.

Urban could also do as stated above and do a Tender Offer while having 1 share for the OS of $1.00 per share. This means that if he has accountability of all shares minus 1, then all he would be required to legally pay for is that 1 share. The MMs would be responsible for covering with cash the $1 Tender Offer price that Urban had stated at his deemed execution date.

The power of the example above is that Urban could execute the same concept at any number he deems fit to have temporarily as the OS. The same logic would apply to the naming of the Tender Offer. These actions would be arranged and designed to not be at his expense.

Something else to ponder…
Since UCA was previously halted for trading as one of CMKX JV partners on the Canadian Exchange, this leads me to think they are somehow a player. I am thinking that it would make more sense to have UCA and KPG merge to trade on the US stock exchanges versus the Canadian by merging into UCAD. They would then be known as Saskatchewan Diamonds.

After retiring all shares down to 1 share, Urban could do a forward split ratio of 100,000,000 to 1 to have CMKX do a 1 for 1 merger into what might be known as Saskatchewan Diamonds (the Triad of their JV partners - UCAD, UCA, & KPG).

Still, with a merger, why have one company of value when you can two or multiple companies of value. Urban would then issue us a share dividend from Saskatchewan Diamonds too to entice holding to further make things difficult for the MMs to obtain shares/inventory needed to cover. Shareholders would hold to receive the share dividend of Saskatchewan Diamonds.

Urban could issue a double, triple or more dividend of power to further compound the covering. Each would have their story for understanding.

We could see the issuance of spin-off share dividends in new entities such as below:
a. Gold = CMKG
b. Uranium = CMKU
c. Zinc = CIM
d. Platinum = CMKP
e. Silver = CMKS
f. etc.

Another option to consider for making the MMs cover would be to issue a cash dividend such as… “For every 1 share of CMKX you own, you would receive a .01 cent or even .10 cents cash dividend.” Whatever price named would instantly make CMKX to be worth the price named x 2 in value.

Here’s the power behind this. A cash dividend price named at .10 cents would give CMKX instant valuation of .20 cents. This is so because CMKX would hit .10 cents at minimum because that would be the same as assessing valuation for CMKX shareholders. Then once .10 cents is reached, CMKX would still have the remaining .10 cents coming to them to execute the cash dividend by the execution date. That’s a psychological double.

This would equate to a certain amount that Urban would give to award such dividend. This would not be at any to very minimum cost to Urban.

The cover would no doubt have to be forced to make sure each .10 cents increment matches each share according to the amount of shares verified per CUSIP number that the company’s Transfer Agent reports. Still, if Urban verifies accountability of a huge position, then the payout of the dividend would be minimal because it would act as if he was paying out himself.

Another option to consider for making the MMs cover would be to re-issue the CIM dividend with an extension of the old 30 Sep 03 date to be at some date in the future. This would serve three primary purposes:

1. Entice shareholders to hold during any covering to put more pressure on the MMs.
2. The re-issuing of CIM shares would allow for all who own shares now to own CIM.
3. This would help to create a more united front of shareholder support for motivation.

I am sure that Urban wants to retire the entire OS and the float. If and when he has, this means that we are the float. This means that all of our shares are probably naked shorted shares. This means that the MMs have a serious problem. This means that shares recently bought over the past few months are naked shorted shares. This means that shares bought today and in the future are naked shorted shares. This means that the MMs are allowing for this problem to continue escalating to a level where some major rectification is going to have to take place.

This means SEC and NASD interface for resolution will become manifest. Now I really see why Urban had to get the best New York law firm in this field of resolution. This is starting to get very interesting. I’m sure with Glenn having prior SEC law writing experience, he would know exactly how to get this resolved. Many were not sure whether or not if Glenn was there for the defense of CMKX or the support of CMKX for going after the MMs.

All of the above are only some “food for thought” as to how I would consider resolving this issue if I was Urban. They are “theory” until proven to be “facts” by the company.

I believe that prosperity is upon us with CMKX! Check mate! Game Over!

All is well! http://www.sterlingsclass.com/

;-)
Sterling

[/QUOTE]

posted June 23, 2004 08:31            

SOME THINGS THAT ARE HAPPENING.

Is there a silver lining in the middle of this murky time frame? Yes.

The company is actually starting to act like a real company. And this must be scaring the shorts far more than anything else right now. We have hired a top tier law firm. We have switched transfer agents. We have shut down our message board. Melvin's IBC appearances have now been yanked. The "Get it while it's hot" self-promotion on the website has been removed. In the past 12 days, despite a sagging stock price, no PRs have been put out to try to prop the price up (the lawyer PR was one paragraph and straight forward, and the message board PR was obviously not intended to promote the company, just to inform investors (albeit in an immature way)). All of this is pretty much contradictory to the way most otc or pinks operate at this juncture. And that must be pretty scary to some shorts. Most otcs or pinks at this point begin an even MORE aggressive promotional push to "combat" everything being thrown at them. To the contrary, things are frustratingly quiet on the long front.

And they should be. The problem with most otcs and pinks is that good lawyers are NOT involved and the CEOs end up doing all the things that the shorts just sit back and LAUGH at. Let me give you a good example. Here's a press release from a company that I suspect is under a short attack. Their stock price reached almost two dollars and got slammed back to 60 cents. So how do they respond? With this press release:
http://biz.yahoo.com/prnews/040614/phm018_1.html

Laughable. A self-proclaimed piece of promotional rubbish that actually has the gall to declare themselves the next TASR. How did the shorts react? Oh no!!!!! They let the buying frenzy run the stock from 63 cents to 95 cents on the day of that press release. And they have comfortably shorted it back down to 78 cents today with probably much more to go. Or how about QBID's daily "message hotline" which basically feeds advanced notice of their press releases to the public. All efforts by pennyland CEOs to fight back exactly as the shorts anticipate them to fight back.

My point is that instead of seeing such desperate moves, CMKX has been strangely quiet. They didn't even put out a press release to try to "explain" the press release from UCA/KPG, a move I almost for sure thought Urban would try to squeeze out. Nope. Nothing. Any coincidence that in the middle of this silence is a PR simply stating that the new law firm is beginning its work? I think not. I think we are starting to finally see the wheels of the law firm start to turn. Slowly at first. More rapidly I hope as true progress emerges.

If we're for real, than this is the path I find MOST encouraging. If we were NOT for real, I suspect we'd be seeing some pretty aggressive promotional efforts going on right now in an effort "support the share price" and "increase shareholder value". The fact that we have Edwards Angell in our corner right now is presenting a very unique wrinkle to the naked shorts -- they have likely never faced an otc or pink sheet with actual legal firepower behind them. To compound matters even worse, there are so many "free riders" at this stage (people who are letting their shares ride after taking an initial investment off the table) that those shares are simply not coming loose. Not in enough volume at least to counteract the buying.

I know this is tough and it's almost laughable after we've fallen from .0011 to .0005 but my honest guess is that the shorts are now starting to get reasonably concerned and our game plan is starting to mature behind the scenes. In ten years of penny investing, I've never seen these forces align quite like this. I can't say that I "like" our position since I'd rather us be in the pennies already. But I can say that this is the path I would most likely script out for a small, emerging company that actually has something tangible and real and wants the world to take them seriously.

Good luck to us. There will be many pain threshholds. I think where we are right now is the first among many to test our will.

Z

As always, these are my personal opinions.

posted June 23, 2004 09:29            

quote:

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Originally posted by cool1sh:
I am not selling a SINGLE share before 0010 (even for swing trade). If the lose hands fall and the MMs are covered, there is a greater chance for this stock to run. JMO

GO CMKX!

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posted June 23, 2004 09:30            

quote:

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Originally posted by Vinny:
I expect some big news today!! Gonna make some good money GO CMKX

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