posted July 22, 2004 22:04            

quote:

---

Originally posted by WinsumLosesum:
Here ya go, Wallace.
http://members.aol.com/cmkxpoint0001/mining.gif

It's just the page in question.

---

And just remember, this whole debate started when tradingpennys insisted this document "sure does nail it that CMKM isn't doing anything". Followed by my response "It doesn't prove that at all. On the contrary, if you look at page 21, top line, it indicates that "Diamond Exploration" by "Multiple Companies" in "Forte a la Corne" are in "Phase 1".

Everyone can see the discussion that transpired. The issue for me isn't what's in the document. The issue is that tradingpennys is letting her true colors show by continuing to defend something like this.

posted July 22, 2004 22:09            

It doesen't say proposed.
So 21 mil="We don't know yet" to me.

[This message has been edited by highwaychild (edited July 22, 2004).]
92 Yankee E4

posted July 23, 2004 01:04            

These are shares that the MM's should be buying right? How is it that people are getting filled at .0004 now? Shouldn't the MM's be sucking up every last share at this price? Then walk it up a tick and continue buying? And if they are so shorted, where are the shares coming from that people are buying now??? Something is weird!!! IMO, either the problem is not as bad as everyone seems to think, or there never was a problem to begin with.

My opinion is that the pps should be at a point where buying will stop (maybe .0008-.0009). And then the MM's could slowly walk it down from that point. That would create the most selling potential IMO. As most people start to watch a 900% gain turn into 800%, and then an 800% gain turn into 700% and so on...I believe that would create a large sell off, and a huge buying opportunity for the MM's. But what do I know? I'm still fairly new. IMO the shorted problem was probabily in the hundreds of millions, Not Billions! And the jump to .0006 - .0005 may already have created enought of a profit taking sell off that the shorted problem is all but fixed.

No matter what though, I will continue to hold until the very end! I am one of the people who has added to my stash of CMKX in the last couple of days. I just wanted to voice my thoughts and concerns, and see what everyone else is thinking at this point.

posted July 23, 2004 08:37            

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

"Urban's Ark"
« Thread started on: Today at 04:53am »

--------------------------------------------------------------------------------
“Urban’s Ark”

So many have been asking me how is everyone going to get through this thing alive and many keep coming back with the same question over and over again. I think we need to look at the practical solutions that are at hand. Seeing we have dividends in other companies being added to our portfolios and percentages and finances going out of CMKX to other companies then we can clearly see that valuation is taking place for CMKX. Valuation is great but it still doesn’t get everyone from point A to point B.

Point A = possibly being in a Naked Short Position wondering if they are going to be covered by the brokerage firm or the MM on their CMKX shares and share dividends
Point B = being on the other side of the Naked Short Position with share dividends in tact and CMKX value still in tact with the MM’s in our dust

We have to get outside the box a little here and realize that Urban doesn't want to bust the MM's he wants to make the investors rich and secure the company. This may rub a few people the wrong way, but I realize I sometimes have that ability. But I’ve been this way for so many years I guess this dog isn’t interested in rolling over for anyone.

Once we get out of the emotional realm where we so often tend to dwell, we can begin seeing a pattern and the potential solution to our problem. We need to first realize that an all out war with the MM’s and/or brokerage firms with the SEC refereeing isn’t a good scenario for anyone. We need to 1st except the fact that I don't see Urban ever backing the MM's into a corner he doesn't want them to get out of. He wants the money for the investors not their heads on a platter.

As much as many would love to take some of the MM’s outback and turn them over to the CMKX wolves it would not put any coin in our pockets. So the obvious question is how do we do this? I believe the answer is to be found in D. Roger Glenn. We all should love Urban and understand how much he cares for the shareholders and just how brilliant a man he is, but he is brilliant enough to also know when he is in over his head. Mining, Business deals with other mining companies, mineral claims, mineral rights, drilling, diamonds, etc… are all areas that Urban has proven himself to be proficient in. We all know the MM’s, securities, the SEC, the DTCC, etc… is an area that Urban can handle himself in, but he is wise enough to now he couldn’t take on the Big Boys by himself.

Enter, D. Roger Glenn who knows all of the above areas Urban was weak in like the back of his hand, as a matter of fact he wrote the book on it. There isn’t anyone out there better than D. Roger Glenn at knowing how to push buttons most effectively and when to push them. He knows more legal angles in these areas that would bury most of us in a matter of minutes. I don’t have to give you the credentials on him because that is part of what most of us has been holding on too for the last 4 to 6 weeks while we were waiting for some solid info.

Link to D. Roger Glenn’s info http://www.ealaw.com/index.php?link=page=attorneys|AttorneyID=39

Roger has over 20 years of experience in securities law. He has handled numerous IPOs and other public offerings, PIPE transactions, exchange and hostile and friendly tender offers, mergers and acquisitions involving public and private companies, private placements, Rule 144A sales, Rule 10b5-1 plans and all filings and reports required by the Securities Exchange Act of 1934.

I believe with Urban and D. Roger Glenn together we will be able to push the MM’s (and their associates) to the “OH MY GOD” point with continual dividends, options to other companies, securities changes, mining explorations, lab results, etc… and then when the MM’s don’t think they can take anymore their pain will cry one final Holy $%#@!

It will be short and sweet to us and sour to them and every one that was faithful enough to stay the course with the Commander in Chief and His General will find that in a moment of time they have been guaranteed deliverance from Point A to Point B with an obvious solution.

Point A = possibly being in a Naked Short Position wondering if they are going to be covered by the brokerage firm or the MM on their CMKX shares and share dividends
Point B = being on the other side of the Naked Short Position with share dividends in tact and CMKX value still in tact with the MM’s in our dust.

The only probable solution in my mind would be that we will let them pay their way out with a set sum. We gain nothing by smashing on them until they bankrupt and then we try to get insurance companies involved, the SEC, the DTCC, and God only knows how many attorneys and frankly I believe we can all agree we don’t need these bozo’s trampling around on our dollars. The more they stomp the more we lose.

What can we do or how do we do this? Initially we need to establish a reasonable value of the company beyond its inherent intrinsic value, as is being done now, by our current operations in two separate areas.

We have basically two operations going on right now:
1. In Las Vegas, Nevada trying to create the value for the company the MM’s and brokerage firms have robbed us of (such as dividends, stock purchases, audits, options, and mineral rights and claims); also trying to protect the company from any possible attempts to be taken over; settling securities issues (with the naked short sell position CMKX has in the market place); move the company in to a reporting status to hopefully move up to a real exchange/market; and many other such like things

2. We have Saskatoon, Saskatchewan, Canada and Fort a la Corne where we have an aerial survey of all of the Fort a la Corne area, that is being gone over with a fine toothed comb to identify potential targets for drilling and core sampling; also working to secure permits for drilling on claims we already own; attempting to get too some of the targets we have already located; getting our drill rigs in place; protecting our claims; and many other such like things.

The one can very much affect the other and the outcome can be two seemingly different operations that may actually be pointing the way too our deliverance. In Las Vegas we are mounting an attack and a defense against a seemingly ruthless gang of MM’s that for some reason or another will not back off and cover their naked short position against CMKX. Why the resistance? Have they really that much to gain or lose by an open resistance and flooding of the market place against CMKX? Who really stands to gain from the CMKX demise? Urban and company? No way. The investors? No way! Our JV partners? No way. The MM’s? Maybe and seemingly they would. The DeBeers Cartel? No one would gain more than they would if CMKX fumbled the ball.

So, Urban and D. Roger Glenn are spreading out the wealth and percentages of CMKX that would cause the DeBeers Cartel or any others that think if they can TAKE CMKX out and seize on the claims now have another think coming. We have UCAD with a legal 5% of all claims of CMKX, we have our JV Partners that have 25% a piece of Smeaton Property where Carolyn Pipe is at, and God only knows what else we have out there. The message I believe is being sent to DeBeers Cartel or any others interested in seeing CMKX go down that the wealth is being spread around and you cannot get what we have by taking us down.

On the other hand, DeBeers or foes may be more afraid of the CMKX Casavant Diamond hitting the market over the years to come more than they are interested in actually seizing hold of the claims. Remember we had 52 times the mineral claims in Saskatchewan than DeBeers did when this scenario started developing a little over a year ago. Yes 52 times. Probably more like 51.7 times, but you get the idea. Our potential is therefore exponentially greater than DeBeers of becoming a continuing force in the diamond industry in the years to come seeing that these lands are the most diamondiferous and the largest in the world.

All of this going on while at the same time making a way for all investors to get through. So how do we move everyone from Point A to Point B? I see it best to come in two stages.

1st stage = Too me the logical answer in the first stage would have to be a comfortable cash dividend to the investors in the below dollar range (.10 - .20) depending on how low that Urban and D. Roger Glenn have been able to get the O/S over the last few months. We would then have to decide where the money would come from for the true O/S while at the same time the MM’s would have to cover the rest of the Naked Short Position. With the O/S definitely not “ZERO” the “float” could definitely be “ZERO”. This would mean that the entire float we are watching every day in the market place could be Naked Short Sells.

The dividend is nice and we cost the MM’s some for their slothfulness in covering, but we still are not from Point A to Point B?

Point A = possibly being in a Naked Short Position wondering if they are going to be covered by the brokerage firm or the MM on their CMKX shares and share dividends
Point B = being on the other side of the Naked Short Position with share dividends in tact and CMKX value still in tact with the MM’s in our dust.

2nd Stage. Seeing that we have all now made a considerable sum from the cash dividend and our share dividends are in tact we need a clean break from the MM’s. If we hit them too hard at the beginning some of them want be around for the second round. Now, we know that while the retiring of shares was going on early on in 2004, we were being naked short sold, and I believe that while that was going on Urban was buying up many of the naked short sells as Sterling has pointed out in many of his scenarios. Now if we can imagine that Urban had a significant amount of these Naked Short Shares then he would have made a bundle off of them from the MM’s during the modest cash dividend previously issued. One can only imagine if Sterlings calculations were correct and Urban has 87.5% of the NSS position then a little math here can go a long way. If we have a modest NSS position of 400 billion and Urban has 87.5% of that then he would have in the neighborhood of 350 billion NSS.

350 billion NSS X .10 of cash dividend from stage 1 would = $35 billion

or if we have a .20 as a 1st stage dividend

350 Billion NSS x .20 of cash dividend from stage 1 would = $70 billion

All of this is important because the MM’s are still hanging on and probably mad, hurt, and licking their wounds, but now Urban is in a position to make a tender offer from within the company of XXXXX amount per/share to get everyone on the ARK at the same time. Now we would move into a part of the 2nd stage that will run closely along with other opinions that Sterling and Zen have shared.

Now with a tender offer in place the MM’s have no recourse, the SEC or no one else can tell Urban what he is allowed to pay as a tender offer for our shares. We have already made .10 to .20 per/share off the 1st stage plus the share dividends that have came along in the process of time so the offer can be modest depending on the true O/S because what ever Urban offers will only have to be paid to the true O/S and all of the NSS position will once again have to be matched by the MM’s. this means Urban gets paid again, we all get paid again and the MM’s will have the end of their NSS position in CMKX.

Now if we can thoroughly borrow a piece of Sterling’s scenario and follow up the tender offer with an equal or sizeable share dividend based upon our CMKX holdings at the time of the tender offer, in say CIM, then we can step up into the AMEX or NYSE as an IPO with an honorable offering price significantly in tact as we would be debt free, with assets out the yang.

Why this solution? Because with a share dividend attached to the tender offer we all are carried on Urban’s Ark from Point A to Point B into a land that the MM’s can’t touch us. No questions asked. No bartering. No fear. No one is smashed to pieces, maybe some MM’s get broken a little bit, but they’ll recover and survive and all CMKXers get through victoriously without any NSS position having to be rounded up in the market place share by share by the MM’s. We are rich, Urban is ridiculously wealthy, and all involved are as well. No worrying about whether the MM’s cover or not, no court room, no SEC, no DTCC, etc... We put the coin in our pocket and the MM's have to go away.

This is a nut shell version and as I said it is outside the box, but the only viable solution to get everyone out of this thing in tact in my opinion is “Urban’s Ark”.

Just my opinion and I ask that you treat it as such.

Dr.D

posted July 23, 2004 09:10            

quote:

---

Originally posted by Brad:
Christian Traders Invited to Appear on "World Business Review". They mention seeking an interview with Urban.
http://www.prweb.com/releases/2004/7/prweb143462.htm

---

posted July 23, 2004 09:40            

quote:

---

Originally posted by Wallacemyfriend:
...
Just for letting you know my username story..
Richnessforeveryon---->banned
Richnessforeveryon1--->banned
Richnessforeveryon2--->banned
Wallcebillmyfriends--->banned
...

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posted July 23, 2004 10:12            

quote:

---

Originally posted by pharmdman:
Can't you take a hint?!

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posted July 23, 2004 10:14            

Go CMKX!!

quote:

---

Originally posted by WWJD-thru-me:
Hi Everyone!
Still long and strong and looking forward to seeing what the post CIM dividend price will be. GLTA-DD-IMO-Debi

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posted July 23, 2004 10:18            

quote:

---

Originally posted by Brad:

I wish I could figure out how to make it send to my cell phone. I tried but in order to activiate the service you have to click on a link in a test email they send out. When I get the message on my phone there's no link.

---

Brad & others, it took me a while to figure it out but here's one solution:

1. Open a free "lifetime e-mail account". I used fanmail.com (but there are others). Register your free lifetime e-mail address (remember, this is the one you want to use ONLY for CMKX news so don't give this address to anybody). I chose CMKXNEWS@Army.com (they didn't have my team, oh well who cares). During registration, they will ask you which e-mail address you want all email coming in to CMKXNEWS@Army.com forwarded to. Put in the e-mail address where you currently are. Remember your password, you’ll need it later!
2. Go to http://www.smallcapcenter.com/newsalerts.asp. The e-mail address you put in is your free lifetime e-mail (for me CMKXNEWS@Army.com)
3. A confirmation e-mail will be sent from Smallcapcenter over your lifetime e-mail service to the address where you currently are. Open the e-mail from Smallcapcenter and click on the link provided in the e-mail to complete the registration process.
4. Go back to your lifetime e-mail service (Fanmail. com for me), log in (now you use the password) and change the “forward to” e-mail address to your cell phone e-mail (for me that’s something like 1234567890@vmobl.com). Done.

posted July 23, 2004 11:31            

quote:

---

Originally posted by Money_Penny:
Brad & others, it took me a while to figure it out but here's one solution:

1. Open a free "lifetime e-mail account". I used fanmail.com (but there are others). Register your free lifetime e-mail address (remember, this is the one you want to use ONLY for CMKX news so don't give this address to anybody). I chose CMKXNEWS@Army.com (they didn't have my team, oh well who cares). During registration, they will ask you which e-mail address you want all email coming in to CMKXNEWS@Army.com forwarded to. Put in the e-mail address where you currently are. Remember your password, you’ll need it later!
2. Go to http://www.smallcapcenter.com/newsalerts.asp. The e-mail address you put in is your free lifetime e-mail (for me CMKXNEWS@Army.com)
3. A confirmation e-mail will be sent from Smallcapcenter over your lifetime e-mail service to the address where you currently are. Open the e-mail from Smallcapcenter and click on the link provided in the e-mail to complete the registration process.
4. Go back to your lifetime e-mail service (Fanmail. com for me), log in (now you use the password) and change the “forward to” e-mail address to your cell phone e-mail (for me that’s something like 1234567890@vmobl.com). Done.

Possible problems. There is about a 5-minute delay caused by Fanmail.com. I have not tried other lifetime e-mail services, but I’m sure there may be a faster one. If anybody finds one, please let us know! Also, I don’t know yet if any spam will be sent by my free lifetime e-mail server to my address, which, of course, would show up as SMS messages on my cellphone. So far so good.

---

posted July 23, 2004 11:47            

quote:

---

Originally posted by WinsumLosesum:
Did anyone here get any @ .0003 yet?

---

posted July 23, 2004 11:50            

quote:

---

Originally posted by WinsumLosesum:
Did anyone here get any @ .0003 yet?

---

posted July 23, 2004 11:52            

quote:

---

Originally posted by WinsumLosesum:
Did anyone here get any @ .0003 yet?

---

posted July 23, 2004 11:54            

quote:

---

Originally posted by Money_Penny:
I'll tkae the laugh back, a .0003 just went through. I'm changing my order to .0003.

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posted July 23, 2004 12:58            

Hahahhah I am a loser, I bought at .0005 yesterday and now I hear all these .0003's!?!?!?1 LOL, well you have me to thank, had I not bought yesterday it would be at .0006, I buy, in drops!

I don't care, I will have money in my account by next week again! I am hoping to pick up like 200-400k more next week depending upon how much I send/pps... However next Friday I get paid again so in like 9 days or so I can buy another large chunk of shares! All these shares go to the Long pile... and I have a feeling the pps will stay low until right before Aug 20th... we have like 28 regular days, maybe 20 trading days left... I really think I can get another 1 million shares. Or I will die trying! Holding 3 million shares!

posted July 23, 2004 13:01            

quote:

---

Originally posted by JBCak47:
Guys,

Hahahhah I am a loser, I bought at .0005 yesterday and now I hear all these .0003's!?!?!?1 LOL, well you have me to thank, had I not bought yesterday it would be at .0006, I buy, in drops!

I don't care, I will have money in my account by next week again! I am hoping to pick up like 200-400k more next week depending upon how much I send/pps... However next Friday I get paid again so in like 9 days or so I can buy another large chunk of shares! All these shares go to the Long pile... and I have a feeling the pps will stay low until right before Aug 20th... we have like 28 regular days, maybe 20 trading days left... I really think I can get another 1 million shares. Or I will die trying! Holding 3 million shares!

-John-

---

posted July 23, 2004 13:09            

What is the rate, by chance? Last time I looked it was like 1 dollar= 1450-1500 dinars...

That will be our next purchase Pharm, when cmkx hits I am expecting you buy into this, even if it is only 500k dinars...

Big Party in Bagdhad !!!

Bombs over Baghdad!

However I still stand firm on the IQD at the current level of like .0007 it is by far the 'cheapest' currency...

My sister holds 500k dinars as well as her boy friend... My best bud owns 100k and he is happy he has something I don't lol... He bought his off Ebay.

Sooner or later one of our stocks will hit Guys and we can throw these big parties... Screw it we can rent a hall or something...

EVERYONE IS ALLOWED TO CRASH AT PHARMS CASA!!! He's got a hot tub, and is minutes away from Disney! I vote we have the party at his place,heheheh...

Wallace is even invited! You see I am a nice guy,lol...
=============================================

I still stick to my notion, that CMKX will trade at this level for at least another week or so...

Lol As I write this I see it at .0004!!!! errrrrrrrrrrrrrrrrrrrrrrr lol....... I bought yesterday at .0005!!!!!!!!!!!!!!Precious shares! Gone! What a world , what a world....

-John-

posted July 23, 2004 13:14            

I'll be in the IQD's soon, hopefully. $1=1450IQD this morning.

posted July 23, 2004 13:29            

=============================================

Pharm if this hits, "forget about it" (in a brooklynites voice).

CMKX hits a dime, Fahh get about it!

QBID hits a dollar, Fahh get about it!

IQD hits three cents, Fahh get about it!

I haven't been to Disney in almost three years...

Thanks for the dinar updates!
I love you guys, I love this board!

Pharm, TeenTrader (the smartest by far out of all us sorry saps! My man will be a millionaire by the time he is 22... )

My smoking Piegon... As of today, there is no more feeding ban on Pigeons.

Booty Qwest where are you today??? lol or do I want to know?!?1 WHOA!

WWJD- Welcome back. You went away right? You didn't miss much here. Shamrocks and Shananigans thats all...lol...

Any more purchases of CMKX WWJD? The mother load of all cmkx purchasers,heheh...

Well its almost time for that afternoon smoke I shall take hits for you all,lol... I am serious though when this hits we should throw some bash, somewhere, vegas would be cool but we maybe there already for Qbid... I have never been to Canada before... what is there to do in the middle of the woods,lol? Nah, too much trouble brewing on that last statement!!!

I see it unfodling:

"Hey look our competitors Mine shaft... Hey look, 4000 cubic feet of Concrete mix! Hey look a hose "
*************************************8
CNN HEAD LINE NEWS

A group of shareholders were arrested for filling in a mineshaft with concrete they thought belonged to a competeitor company when it was in reality THEIR OWN company... for more on this story we go to Shes-Too Young, our correspondante...

posted July 23, 2004 14:27            

UPDATE: CMKM DIAMONDS, INC. (Pink Sheets: CMKX) - SHARING SHARES
July 23, 2004
There seems to be no shortage of entities bearing the Casavant name, and no end to their intramural transactions. CMKM Diamonds, Inc. (Pink Sheets: CMKX), was known as Casavant Mining Kimberlite International, Inc. until March 2004. Casavant Mining Kimberlite International, Inc. had operated as a private entity until its shareholders secured control of a public company by virtue of a reverse-merger with Cybermark International Corporation in January 2003.

The President and CEO of CMKM is Urban Casavant.

On July 19, 2004, CMKM announced that it had agreed to invest $1 million in a company called Casavant International Mining (CIM) – that Casavant name again. CMKM stated that, in return for its investment, it would receive “a 10% lifetime royalty on all mineral claims of CIM, specifically including the George Lake Zinc Deposit.” According to the press release, in addition to the royalty, CMKM will receive 40 billion shares of CIM stock, which will be distributed to CMKM shareholders.

The July 19th press release leaves several critical questions unanswered. Does CMKM actually have $1 million in cash, and if not, how does it plan to raise the funds? As we noted in our initial article on CMKM, the Company no longer files regular reports with the Securities and Exchange Commission, so its financial condition is a mystery. See CMKM Diamonds, Inc. - A Familiar Drill.

Equally mysterious is the number of outstanding CMKM shares. The Company is authorized to issue 500 billion shares but, here again, the absence of public filings leaves investors guessing how many shares have actually been issued. Update: CMKM Diamonds, Inc. - Less and More. In any event, billions of CMKM shares have been traded virtually every day since at least March 2004.

The number of outstanding shares is significant since it will dictate how many of those 40 billion CIM shares each CMKM stockholder will receive. On the other hand, it may ultimately make little difference; CMI is a private company and consequently there is no liquid market for those shares – and no assurance that CIM, like CMKM, will not simply issue more shares and dilute its shareholders.

Investors may also be curious about the relationship between CMKM and CIM. The July 19th press release certainly implies that CMKM and CIM are separate entities – that CMKM does not already own CIM. After all, CMKM would not have to acquire a 10% interest in CIM royalties if it already controlled those rights.

So what relationship does exist between CMKM and CIM? According to the press release, the President of CIM is Ron Casavant and the Treasurer/Secretary is Dave Desormeau. While Mr. Desormeau does not share the Casavant name, both he and Ron Casavant have had prior relationships with CMKM. A Schedule 14c Information Statement filed with the SEC at the time of the reverse-merger (before the Company ceased to file reports) disclosed that Ron Casavant owned 30 million shares of CMKI common stock (the Casavant family, including Urban Casavant, owned a total of 770 million shares at that time – which was before the Company expanded its treasury to 500 billion shares); and that Dave Desormeau had been elected as a director of CMKM.

Again, absent more recent public filings, there is no public information indicating whether Mr. Desormeau remains a director of CMKM, or how many shares of CMKM are now owned by Ron Casavant and all of the other Casavants (23 of them were listed as CMKM shareholders in that Form 14c).

On the other hand, we were able to learn some information about Casavant International Mining from Nevada’s corporate records. Those files reveal that Casavant International Mining Corporation was formed in January 2003, and that its President is Urban Casavant. Those records also indicate that the corporate secretary is Carolyn Casavant and the treasurer is Emmerson Koch.

So which Casavant really does run Casavant International Mining – and does it really matter?

And then there is this – a disquieting sense of déjà vu for those who have been following events at CMKM.

On December 8, 2003, CMKM announced

the spin-out of corporate zinc deposits at George Lake, Saskatchewan, its wholly owned subsidiary Casavant Mining International, Inc. (CMI). CMKM shareholders received a dividend of one share of CMI stock on October 3, 2003.

While the language is somewhat confusing, it suggests that (i) CMI was a wholly owned subsidiary of CMKM; and (ii) CMKM shareholders will receive CMI stock.

The December 8, 2003 press release also stated that CMI was a private company that would become public within two weeks. Apparently, CMKM intended to merge CMI with another Pink Sheet company, Mirador Corporation. That transaction, however, was later aborted.

We have found no indication that CMI ever became a public company.

Sounds confusing – Casavant Mining International and Casavant International Mining – both mining for zinc in the same vicinity. Aren’t all of these Casavants tripping over one another?

So what, if anything, is the relationship between CIM and CMI – aside from their obvious relationships with some or all of the Casavants? Based upon the Company’s announcements it would seem that both CIM and CMI are involved in the search for zinc deposits in the same area - Lake George, Saskatchewan. Why were two different companies created – and where was CMI incorporated? Is it possible that each company controls different zinc deposits at the same location? If those zinc deposits were owned and controlled by CMI, a wholly-owned subsidiary of CMKM, how were they transferred to CIM?

CMKM shareholders should be interested in the status of CMI and its zinc deposits. After all, they received CMI shares in late 2003, didn’t they?

What ever happened to CMI?

More Shares to Spare

Interestingly enough, CMKM has promised its shareholders another dividend as well – this time in shares of one of its joint venture partners. On July 18, 2004, CMKM issued a press release to announce that U.S. Canadian Minerals, Inc. (OTCBB: UCAD) had agreed to purchase 5% of CMKM’s mineral claims in exchange for 7.5 million shares of U.S. Canadian stock.

In recent days, U.S. Canadian stock has been trading at about $4.80 a share, meaning that the 7.5 million shares would be valued at more than $36 million - assuming there is a market for the stock when it eventually can be sold. It is difficult to conceive how 5% of CMKM’s royalties could possibly be worth that kingly sum. In the absence of audited financial information about CMKM, investors may be understandably skeptical about any of these valuations.

Here, again, CMKM says it plans to distribute those shares to its stockholders as a dividend. Once again, the number of outstanding CMKM shares will be critical since it will determine how many U.S. Canadian shares each CMKM investor will receive. For example, if CMKM has issued all 500 billion shares, the owner of 1 million CMKM shares would receive 15 U.S. Canadian shares.

There is a catch, however. The shares will not be registered, and the agreement between CMKM and U.S. Canadian suggests that there are impediments to their future sale. Here is what the agreement provides:

Purchase Price. Seller will sell 5% of all current and future claim holdings and mineral interests in exchange for 7.5 million shares of common stock of U. S. Canadian. The shares exchanged hereunder shall be newly issued restricted shares under Rule 144 with a holding period of at least one year from the date of their issuance by UCAD and shall not have the holding period thereunder shortened by means of a dividend. Such shares may be distributed by means of a dividend but shall not take the holding or tacking periods of the underlying shares. By this agreement between both parties, in the event such transfer is initiated, the shares shall be deemed cancelled and void and this Agreement is deemed authorizated (sic) by both parties for such cancellation (sic).

These sale restrictions are vague and somewhat confusing. At what point can the shares be cancelled, and how will that affect the CMKM shareholders who receive the dividend?

The agreement also gives U.S. Canadian a one year option to acquire an additional 10% of CMKM’s mineral claims for $15 million in cash.

While all of these numbers sound impressive, it is difficult to understand the valuations afforded to either company. Unlike CMKM, U.S. Canadian does file regular reports with the SEC – and its financial statements do not paint a pretty or promising picture. As of March 31, 2004, U.S. Canadian had $408 in cash. It claims to have an additional 6.9 million in assets based upon the value of stock it contributed to a joint venture.

As of March 31st, U.S. Canadian had issued approximately 7.6 million shares – making the Company worth more than $35 million on paper based upon the current share price. That also means that CMKM will be acquiring 50% of U.S. Canadian.

The current price of U.S. Canada shares defies logic. U.S. Canadian had no revenues for the first three months of 2004. The Company has incurred cumulative net losses of more than $18 million since its inception in December 2000.

With $408 in the bank, and no revenues, it is difficult to see how U.S. Canadian will be able to pay $15 million to CMKM within the next year. It appears unlikely that the money will come from one joint venture already being pursued by the two companies – the Carolyn Pipe. So far, that project has produced two microscopic diamond particles weighing a total of .000005 carats.

In the end, investors can only wonder why CMKM is suddenly on a binge – issuing illiquid shares of other companies as dividends. Who knows? Maybe they ran out of their own.

©2004 Stock Patrol.com. All rights reserved.

WE'RE BACK ON PATROL

posted July 23, 2004 15:05            

quote:

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Originally posted by tradingpennys:
Penny-Stock Fraud, From Both Sides Now http://www.rgm.com/articles/nytimes2.html
........
Very interesting article on how Stockpatrol.com came into being. I like the articles on that site. They are straight and to the point. Easily understood.

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Quote frome the article: "In a spare bedroom of his eight-room Georgian-style apartment on Park Avenue in Manhattan, he searches the Internet for.....

posted July 23, 2004 15:39            

In times like these, thats a very bold statement to make. You "hate being an American" because of a stock message board incident?

Please reconsider and look at the long, rich tradition Americans have contributed to this WORLD before making hideous statements as such.

posted July 23, 2004 15:41            

quote:

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Originally posted by Brad:

Thanks Money,
You and I are on the same page. I thought about doing something like that with one of email accounts (there are several) but as you pointed out there is a delay in delivery. That delay is just enough to tick me off. I may do it anyway though. Thanks for the post though.

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Brad,

posted July 23, 2004 15:42            

quote:

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Originally posted by tradingpennys:
I think it is a shame that richness had been banned. I truely feel this is quite an injustice. He was only trying to say basically the same things I have been. Instead he was ridiculed, treated horribly, for trying to voice an opinion. No wonder why the french or other countries hate the US. With this type of abuse that had been exposed in here I hate being an american. Pissing contests should be held outside! Ethnic slanderings from the people in here, those people should have been held accountable and banned instead.
That's all I have to say!

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posted July 23, 2004 15:51            

2. I said "That's all I have to say".

3. I know enough about history probly more than you could possibly dream.

4. I can and WILL express myself in what ever manner I so choose!

5. My statement is just that - MY STATEMENT. It is not open for discussion nor anymore of these obsessive pissing contests I have observed too many times in here.

posted July 23, 2004 15:53            

Now, you know why we are referred to as "the ugly Americans". I agree, it truly is sad.

It is because of attitudes like those expressed on this thread.

As to "talking bad about CMKX"...that is ridiculous! No one at Allstocks would ban someone for that!!!!!!

[This message has been edited by Wallace#1 (edited July 23, 2004).]

posted July 23, 2004 15:55            

As much as the Germans bother me lately, there is a reason why the Germans felt like invading the French twice in a period of roughly 30 years...

I have trouble trusting people who don't bath at least once a day... sorry...

If you get offended don't read this next statement:

There is a difference between a dirty french girl and a dirty American girl... think about it guys

=============================================

I for one do not feel bad Richness was banned... Its one thing to give negitive comments or opinions, that is Wallace, fine... richness just went overboard, calling people stupid and whatnot. Only Wallace calls me stupid and I can deal with that,lol...

If they banned Wallace I would object, a tad, but richness, he got thrown out of this place the way you throw out a french girl... quickly while shouting America's # 1

-John- (Hater of the cheese eatin' surrender Monkeys!)

posted July 23, 2004 16:01            

It is because of attitudes like those expressed on this thread. ""

You are such a foolish American. We are hated because facist Islamic Radicals and their cohorts world wide want nothing more to Abloish every thing we do. That includes this stock board and even the markets. They, and this is radical Islam I am refering too, would like nothing more than us to either die or convert.

We are hated becasue we have a value system that lets Women vote. That lets every citizen express themselves with out fear of a gas chamber or firing squad. We can read books that aren't burning.

We are allowed to follow WHATEVER form of worship we like.

We have freedom of speech and basic human rights.

---------THIS IS WHY THEY HATE US----------

NOT BECAUSE OF SOME MESSAGE BOARD

WALLACE YOU JUST PROVED HOW MUCH OF AN IDIOT YOU REALLY ARE. AFTER A STATEMENT LIKE YOURS YOU CAN NOT BE AS OLD AS YOU SAY YOU ARE, BECAUSE YOU SHOULD KNOW A LOT BETTER. THE WORLD HATES US BECAUSE WE ARE EVRYTHING THEY ARENT. IT TOOK US 227 YEARS TO REACH THIS STAGE, OTHER COUNTRIES/PEOPLES HAVE BEEN TRYING FOR 2500 YEARS AND STILL HAVE NOT ACHIEVIED 10% OF US.

RE-READ THAT LAST SENTENCE. THAT IS WHY THE WORLD HATES US.

-JOHN-(Let the world hate us, they can all go die... If Bin Laden or Saddam is in heaven, I swear to God I will pick Hell... If that is what Heaven is all about, screw it, I will gladdly go to Hell...)

posted July 23, 2004 16:06            

at the moment to me it just seems like a walkdown so the mm can cover their shares
i heard orders get still executed,but in all the orders that start with size 9 are kind of strange

posted July 23, 2004 16:08            

quote:

---

Originally posted by Wallace#1:
tradingpennys,

Now, you know why we are referred to as "the ugly Americans". I agree, it truly is sad.

It is because of attitudes like those expressed on this thread.

As to "talking bad about CMKX"...that is ridiculous! No one at Allstocks would ban someone for that!!!!!!

[This message has been edited by Wallace#1 (edited July 23, 2004).]

[This message has been edited by Wallace#1 (edited July 23, 2004).]

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Yes, horrible attitudes. My nationality is of 5 european countries. And every single one had been attacked. I am 5th generation American. And had been proud but with current events and then this abussive behavior in here ... UGH!!!!!!!
I think I should start a new thread titled something to the effect "Open minded CMKX" or something to that effect. Someplace where you don't get ganged up on saying what you feel, find, or think!
YES Wallace, Ugly americans is quite accurate!!

posted July 23, 2004 16:09            

Just ebcause you fought in a war doesn't make you better than anyone else.

I have done CPR on a dead person, helped many many sick people out, extracted a person with the Jaws of life... all before I was 20... whats YOUR point Wallace...

My point is you are a self hating American, after comments like that...

SINCE WHEN DO WE CARE WHAT EUROPE THINKS OF US?

THAT IS WHY ALL OF OUR FAMILIES LEFT... THEY HATES EUROPE... I NOW UNDERSTAND WHY.