posted July 24, 2004 02:30            

Diamond driller targets Weirdale...READ READ READ...

BARRY GLASS/Daily Herald

Saturday, February 21, 2004

A small company has made big plans for diamond exploration work in the Prince Albert region this year.
Casavant Mining Kimberlite International recently announced it purchased its own drill rig and received financing to get started.

The company holds mineral claims to more than 1.4 million acres in the province in an area stretching from north of Candle Lake down to St. Louis.

“We anticipate to start drilling up by Weirdale,” said company president Urban Casavant.

Weirdale is 58 kilometres northeast of Prince Albert and close to the Fort à la Corne claims of other companies drilling for diamonds.

Casavant Mining’s drilling program should begin within a month or so.

“It’s going to be an aggressive program,” said Casavant.

“We figure if we have no problems we can drill a hole a week.”

He wants to drill several properties over the next two years at a cost of about $10 million.

The company announced Friday a longtime individual investor in the company has put in $1.8 million US with a pledge of another $3.2 million US upon completion of a feasibility study and core sampling results.

Casavant Mining is a Las Vegas-based company publicly traded in the over-the-counter securities markets.

Being located in the United States gives the company access to the money needed for its planned drilling, said the president.

He said once people know how much work is involved in diamond exploration, they understand what it takes to get a mine into production.

“It takes money and money and money and a little bit of luck,” he said.

The company also has interests in property near Green Lake, 180 kilometres northwest of Prince Albert.

Casavant Mining will use an outside contractor for drilling in that area so its own rig can stay in the Fort à la Corne region.

Casavant said he’s happy to be at this stage.

“I’ve been at this prospecting and claiming land for about 15 years now,” said the self-taught prospector. “So I’ve been chasing this for a long time, and it’s finally all going to come together.”

The company is involved with many other companies in joint ventures in the area, he said, adding it also hope to do aerial survey work in the near future.

________________________________________
1. “We anticipate to start drilling up by Weirdale,” said company president Urban Casavant.
*What was the result?

2. “It’s going to be an aggressive program,” said Casavant.
*So aggressive they are too busy to file!

3. “We figure if we have no problems we can drill a hole a week.”
*Okaaay... where are all these holes? And what was found? Alot of WEEKS have past!

4. The company also has interests in property near Green Lake, 180 kilometres northwest of Prince Albert.
*Is this the same parcel as the zinc?
If so it then we already have interests in that other Casavant co.

5. The company announced Friday a longtime individual investor in the company has put in $1.8 million US with a pledge of another $3.2 million US upon completion of a feasibility study and core sampling results.
*Who is/was & did we lose this investor because the core samples sucked?

6. Casavant Mining will use an outside contractor for drilling in that area so its own rig can stay in the Fort à la Corne region.
*And how much will this cost?
______________________________________
I too have a feeling CMKM reads these boards, If I were in thier shoes - I know I would. It seems when we are all screaming for PR's at once they cough up something. Not what we want just something to try and pacify until they try and lock us in with these weak and untradable stock dividends. Cash dividends would be a hell-of-alot more appealling.

If this company is in fact drilling I would rather the money be reinvested in to the drilling program. Instead they are out there trying to pump this already VERY well known stock in race cars. Unless of course they had dumped ALOT of shares.

The promo has NOT affected the increase in shares sold. As a matter of fact over the past week I have been noticing a slight decline day by day.

posted July 24, 2004 04:42            

COMMONWEALTH OF KENTUCKY
NELSON CIRCUIT COURT
NO. ___03-CI-00190_____
COMMONWEALTH OF KENTUCKY ex rel.
ALBERT B. CHANDLER III, ATTORNEY GENERAL
PLAINTIFF
VS. COMPLAINT
B & B WORM FARMS, INC.
RR1 BOX 163B
MEEKER, OK 74855
Serve: Secretary of State
Registered Agent:
David Desormeau
1603 Mowbray Ct
Henderson NV 89014
and
LYNN BRADLEY, Individually
DEFENDANTS
RR1 BOX 163B
MEEKER, OK 74855
Serve: Secretary of State
* * * * * * * * *
Comes the Plaintiff Commonwealth of Kentucky ex rel. Albert B. Chandler III, Attorney
General, and for its claim for relief states as follows:
I. Parties, Jurisdiction, Venue
1. Plaintiff Albert B. Chandler III is the duly elected Attorney General of the
Commonwealth of Kentucky and is authorized by KRS 367.817 and KRS 367.190 to bring this
action in the name of the Commonwealth. The Attorney General has reason to believe that the
Defendant is using, has used, or will continue to use acts or practices described by KRS 367.170
and KRS 367.805 to be unlawful. The Attorney General has determined these proceedings to be
in the public interest.
2. Defendant B & B Worm Farms, Inc. (hereinafter “B&B”) is a Nevada
Corporation with a business address of RR1 Box 163B, Meeker, Oklahoma 74855 and, as more
fully set forth hereafter, has engaged in the practice of selling or offering to sell business
opportunities throughout Kentucky including but not limited to Nelson County without
registering with Plaintiff or posting surety bond as required by law. Accordingly, jurisdiction
and venue are proper pursuant to KRS 367.190 and KRS 367.817.
3. Upon information and belief, Defendant Lynn Bradley is the acting President,
Secretary, Treasurer and is a Director of Defendant B&B and has an address of RR1 Box 163B,
Meeker, Oklahoma, 74855.
4. Service is through the Secretary of State pursuant to KRS 454.210.
5. Claims stated against Defendant arise from the transactions of business within the
Commonwealth of Kentucky.
II. Conduct
6. Defendant B&B through its late President Greg Bradley and his wife, Defendant
Lynn Bradley and others, have offered for sale to Kentucky consumers and farmers a “business
opportunity” as defined in KRS 367.801(5). The business opportunity involves the sale by
Defendants of live worms to investors who pay a required minimum consideration in excess of
$500.00 and execute a contract with B&B, an example of which is attached hereto as Exhibit A
and incorporated by reference.
The essential terms of the contract include the following provisions:
A. A minimum required purchase price paid by the consumer/farmer in the range of
$2,000.00 to $60,000.00 in exchange for a large number of “breeder worms”;
B. A “buy back” policy in which B&B commits to purchase any amount of live
worms per month from the consumer/farmer (minimum of 100 lbs.) at a
guaranteed minimum price ranging from $7.00 to $9.00 depending on the
contract.
7. Defendants, their agents and employees have represented, directly or indirectly,
that they have knowledge of the market and market demand will enable the consumer/farmer to
earn a profit from the business opportunity.
8. Defendant has failed to register with the Attorney General as a business
opportunity and provide the information required by KRS 367.805 (see affidavit of Angela M.
Rhodes, attached hereto as Exhibit “B” and incorporated by reference). Therefore, a business
opportunities registration number has not been assigned to Defendants and such could not be
displayed in any advertisements.
9. Defendants has failed to furnish to the Attorney General the bond required by
KRS 367.815 prior to offering for sale a business opportunity (see Rhodes affidavit, exhibit “B”
hereto)
10. Defendants were aware of the requirement to register and bond with the Attorney
General as there had been correspondence from the Attorney General. Nevertheless, Defendants
but sold hundreds of contracts to Kentucky consumers in willful disregard of the law. (see
Rhodes affidavit, exhibit “B” hereto).
11. Upon information and belief, Defendants have sold to more than 561 Kentucky
consumers and possibly as many as 800 or 900.
12. Upon information and belief, Defendants have made false, misleading and or
deceptive representations concerning the business opportunity which have been relied upon by
consumers/farmers who have paid Defendants to participate in the business opportunity
including the following:
A: That Defendants have obtained commitments or contracts for the sale of
worms to “end users” other than other consumers/investors sufficient to
provide financial resources to honor their commitments to all
consumers/farmers that entered into contracts with Defendants, when in
fact the only purchasers of other worms appear to be other
consumers/farmers or to be extensions of B & B but not independent end
users.
13. Upon information and belief, Defendants induced consumers/investors into
buying worms by offering to paid a commission to any enrolled worm grower who
referred another Kentucky consumer who signed a contract. The commission was
approximately 10% of the amount paid by the new enrollee to Defendants. Such
payment for referral of additional purchasers is illegal pursuant to KRS 367.350.
III. Violations of the Consumer Protection Act
14. Paragraphs 1-13 are incorporated herein.
15. KRS 367.805(1) states:
It is unlawful for any person to engage in the sale of
business opportunities unless prior to the offering the
offeror has registered with the [consumer protection]
division and has furnished a bond pursuant to KRS
367.815(2) and provided all of the following [registration
information] . . .
16. KRS 367.170 provides that “Unfair, false, misleading, or deceptive acts or
practices in the conduct of any trade or commerce are hereby declared
unlawful.”
17. KRS 367.350 states:
With respect to a credit sale, cash sale or lease to a
consumer, the seller or lessor may not give or offer to give
a rebate or discount or otherwise pay or offer to pay value
to the buyer or lessee as an inducement for a sale or lease in
consideration of his giving to the seller or lessor the names
of prospective purchasers or lessees, or otherwise aiding
the seller or lessor in making a sale or lease to another
person, if the earning of the rebate, discount or other value
is contingent upon the occurrence of an event subsequent to
the time the buyer or lessee agrees to buy or lease. If a
buyer or lessee is induced by a violation of this section to
enter into a cash or credit consumer sale or consumer lease,
the agreement is unenforceable by the seller or lessor and
the buyer or lessee, at his option, may rescind the
agreement or retain the goods delivered and the benefit of
any services performed, without any obligation to pay for
them.
18. The conduct of the Defendants described in paragraphs 6 through 13
above is in violation of KRS 367.805(1) and such violation is willful as Defendant knew
or should have known of its obligation to register and post a bond but failed to do so.
19. The conduct of the Defendant described in paragraphs 6 through 13 above
is unfair, false, misleading, or deceptive in violation of KRS 367.170 and such violation
is willful as Defendant knew or should have known of its obligations to register and post
a bond but failed to do so and knew or should have known that the representations made
to consumers/farmers were false, misleading and/or deceptive; and knew or should have
know that referral commissions were illegal.
WHEREFORE, Plaintiff respectfully requests the Court to grant the following
relief:
A. For a judgment that Defendant has engaged in the conduct described in
paragraphs 6 through 13 of the Complaint and that such conduct is in willful violation of
KRS 367.805; in willful violation of KRS 367.170; and in willful violation of KRS
367.350
B. For a restraining order, temporary injunction, and permanent injunction
restraining and enjoining Defendant, directly or indirectly, its agents, employees, and any
and all others acting in active concert or participation with it from selling or offering to
sell business opportunities to consumers/farmers in the Commonwealth of Kentucky
unless and until such time as Defendant has registered with the Attorney General and
provided the information required by KRS 367.805, has displayed the registration
number on all advertising as required by KRS 367.809, and has posted the surety bond as
required by KRS 367.815(2);
C. Pursuant to KRS 367.990, that a civil penalty be assessed against the
Defendant in the amount of $2,000.00 for each willful violation of KRS 367.170;
D. For cancellation of any contracts for sale of a business opportunity made
in Kentucky and return of funds to consumers pursuant to KRS 367.819 and 367.816(6)
at the election of each consumer/farmer who entered into any such contract and elects to
cancel their contract and seek a refund;
E. For court costs expended by Plaintiff, including costs of investigation and
reasonable attorney fees; and
F. For all other relief to which Plaintiff may be entitled.
RESPECTFULLY SUBMITTED
ALBERT B. CHANDLER III
ATTORNEY GENERAL
Wanda R. Delaplane
Assistant Attorneys General
Consumer Protection Division
1024 Capital Center Drive
Frankfort, KY 40602
(502)696-5389

___________________________________
Looks as though he had to pay out approx. 1,800,000 in fines! whew!
And this guy is our CFO. wow.

posted July 24, 2004 04:50            

President: URBAN CASAVANT
Address: 30 PRINCIVILLE CT
LAS VEGAS NV 89113-

Secretary: DAVID DESORMEAU
Address: 1603 MOWBRAY CT
HENDERSON NV 89074-

posted July 24, 2004 05:18            

ZERO DEGREES OF SEPARATION – THE LAST HURRAH?, PART I

DIAMONDS AND DUST – TEODOSIO PANGIA’S JOURNEY FROM ENVIRONMENTAL SOLUTIONS WORLDWIDE, INC. (OTCBB: ESWW) TO DIAMOND DISCOVERIES INTERNATIONAL CORP. (OTCBB: DMDD).
http://www.stockpatrol.com/schlock/articles/zero4.html

posted July 24, 2004 07:39            

quote:

---

Originally posted by tradingpennys:
Another good read - About a Diamond mine stock fraud. Simularities? Interestingly enough!

ZERO DEGREES OF SEPARATION – THE LAST HURRAH?, PART I

DIAMONDS AND DUST – TEODOSIO PANGIA’S JOURNEY FROM ENVIRONMENTAL SOLUTIONS WORLDWIDE, INC. (OTCBB: ESWW) TO DIAMOND DISCOVERIES INTERNATIONAL CORP. (OTCBB: DMDD).
http://www.stockpatrol.com/schlock/articles/zero4.html

---

Maybe you better go to Sterlings class and tell everyone about your finds. I'm sure the people there would appreciate all your hard work. LOL. Get lost dumper scum bag.

goforit

posted July 24, 2004 07:50            

quote:

---

Originally posted by will:
... I don't know who the bigger pain in the ass is, the scab or the ones who pick it.

---

posted July 24, 2004 08:03            

quote:

---

Originally posted by JBCak47:
...Where is Pharm? Working? lol when does he work!!! lololol!!!
...

---

JB, I wasn't working, I was at Universal's Islands of Adventure yesterday.... it was hot and crowded!

I work graveyard shift, but I'm off every other week. That means, I'll be sleeping next week during the day when richness finds a way to get banned again. LOL

posted July 24, 2004 09:26            

quote:

---

Originally posted by will:
Hey pharm, you old scab picker, how are ya? I think I need a break from this thread, nothing but bullsh|t and nonsense going back and forth seeing that no one knows nothing. Can everyone say sideways .0003 to .0006 until diamonds are found or O/S are reported. Then is it's up if there is a managable amount of O/S, (which I doubt), or diamonds are found, or down if there are 400B / 500B O/S. Y'all better be praying for diamonds. Until then I have to put up with this nonsense for another month. "It's a scam, I tell ya" , "No, Urban is a genius, I tell ya" , "Roger Glenn worked a miracle, I tell ya" , "Roger Glen died in a stock fraud accident in Kentucky, I tell ya" , "Mt St Helena, I tell ya" , "Diamonds big enough for a flea's ring, I tell ya" , "A trillion naked shorts, I tell ya" , "Why would they short a .0001 stock".
Just let the PPS go up or find some godamn diamonds, so I can quit reading this crap.

---

Get lost. your a poor excuse for a basher.

posted July 24, 2004 09:31            

quote:

---

Originally posted by Money_Penny:
Allright, John, I admit I still have less than you (2.5 million) . But my kids own about another 1.5 million, does that count, LOL. I feel good though about buying at 0.0004 today. It was a sale indeed!

---

posted July 24, 2004 09:31            

quote:

---

Originally posted by goforit72545:

Get lost. your a poor excuse for a basher.

goforit

---

posted July 24, 2004 09:32            

quote:

---

Originally posted by highwaychild:
Now that's keepin' it real, Will.HA HA HA.

What I am waiting on...
1. Diamond core samples
2. O/S
3. What the h*ll is going to happen w/ CIM
4. I really hate to say it,prove bashers wrong(but it last on my list.He He.

---

You were on qbid board a while back bashing that one. You must have a very low self esteem to make a living being a loathsome paid off bashing scab. Go get a real job jerk

goforit

posted July 24, 2004 09:35            

We have too less to lose and too much to gain

quote:

---

Originally posted by highwaychild:
Now that's keepin' it real, Will.HA HA HA.

What I am waiting on...
1. Diamond core samples
2. O/S
3. What the h*ll is going to happen w/ CIM
4. I really hate to say it,prove bashers wrong(but it last on my list.He He.

---

posted July 24, 2004 09:41            

quote:

---

Originally posted by TruthTeller:
All can be summed up in one line

We have too less to lose and too much to gain

---

posted July 24, 2004 09:45            

quote:

---

Originally posted by will:
....and all the speculation, supposition, conjecture, opinions, are not going to change the facts, and the facts of this case are not known and yet to be presented and proven.

---

Man you are really a piece of work. Go away you aren't fooling anyone. Quit taking up space for people who really want to get input into this company.

goforit

posted July 24, 2004 09:49            

Just wanted to add this.. sad (or funny??) part is people with nagative thoughts are holding this (not selling).

quote:

---

Originally posted by will:
....and all the speculation, supposition, conjecture, opinions, are not going to change the facts, and the facts of this case are not known and yet to be presented and proven.

---

posted July 24, 2004 10:17            

quote:

---

Originally posted by TruthTeller:
I agree Will.
I got in at 0002, have 5M. The chance of losing $1000 is very lass than making $1000. I already did in the past and I think we will do it again in the future IMO.
All this bickering, name calling will continue until CMKX reaches 0010+ or 0000.

Just wanted to add this.. sad (or funny??) part is people with nagative thoughts are holding this (not selling).

[This message has been edited by TruthTeller (edited July 24, 2004).]

---

posted July 24, 2004 10:39            

quote:

---

Originally posted by will:
I'm not negative, Teller, just a realist that recognizes opinions favorable or unfavorable mean little. No one can prove their arguement, because the company has not released the facts.

---

posted July 24, 2004 10:50            

Here's a few excerpts that you may find particularly interesting right now. Note # 27.

Lesson 1: Remember, BASHERS NEVER Bash A BAD STOCK.

Lesson 2: BASHERS ALWAYS BRING UP OLD NEWS THAT YOU HAVE HEARD MANY TIMES.

Lesson 3: BASHERS POST MANY TIMES A DAY.

DOUBT + FEAR + LAZINESS = BAIL OUT!

Rules for Successful Bashing:

14. Don't worry about being labeled a "Basher". Newbies won't
know your history.

18. Use questions to create critical thinking.

posted July 24, 2004 10:58            

Will, what happened - someone is trying to pick on you

posted July 24, 2004 11:19            

quote:

---

Originally posted by TradingWizard:
Done reading today...will be back on Monday.
Just marking spot where I ended last. lol
Good weekend everyone. Take a break, I think some of us are really addicted to this site including me....but not as much as 2-3 months ago...

Will, what happened - someone is trying to pick on you

[This message has been edited by TradingWizard (edited July 24, 2004).]

---

posted July 24, 2004 13:04            

--------------------------------------------------------------------------------
zeninvestor: NITE and NAKED SHORTING

Posted by: zeninvestor32
In reply to: None Date:7/24/2004 12:28:22 PM
Post #of 61690

A THOUGHT WORTH REVISITING

I posted this a few days ago and only a few commented on it. I see this as SIGNIFICANT.

From NITE's most recent quarterly results ...

" Knight's OTC and pink sheet volumes surged to more than $376 million in the second quarter, versus $47 million a year ago. Meanwhile, Knight's money derived from trading in Nasdaq and listed equities -- the most lucrative types of trades -- declined to $28.9 million from $37.3 million."
http://biz.yahoo.com/rc/040721/inancial_knight_1.html

Seems to me there are some numbers in there that should floor EVERYONE. A seven hundred percent increase in ONE YEAR in pink/otc trading? Are you kidding me Why is NITE suddenly so heavy in the pink/otc market? I could understand a 30% increase or heck, even a 100% increase, but when you jump 7x the dollar volume in an area that is supposedly such a small percentage of the overall market, WHAT IS GOING ON HERE? Then, look at the total numbers. NITE's trading volume in pinks/otcs was $376 million out of a total of $405 million from ALL equities traded. THAT'S 93 PERCENT OF THEIR TRADING VOLUME FROM PINKS/OTCS!!!!

My personal guess is that they have been running naked shorts for some very large hedge funds that have been TREMENDOUSLY successful. Success begets success and these hedge funds IMO were making a TON of money and began to get much bolder in their moves. PLUS, as we know, the SEC began to finally pass some regulations (albeit weak ones) to curb naked shorting. So those that have read up on the issues surrounding the Berlin Exchange and the use of foreign exchanges to circumvent the new shorting rules probably can make the logical assumption that I do -- the hedge funds in this second quarter put the pedal to the metal on shorting pinks/otcs since they knew this game was only going to go on for so much longer before the SEC might effectively put some REAL teeth into regulations regarding naked shorting.

The jump of 700% in NITE's pink/otc trading is STAGGERING. IMO yes it is circumstantial, but it is some of the best circumstantial evidence we've seen I think as to what is really going on here. Again, I sincerely hope that CMKX is a true market EYE OPENER on what is happening and how average America is getting brutalized by some unsavory characters out to plunder blue collar Joe of hard-earned money. All just my opinion of course but a FORCEFUL one (JMFO?).

Z

As always, these are my personal opinions.

Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.

posted July 24, 2004 13:32            

Up,

Re your post 7/23 at 23:40. I agree that names will be on the 50 naked shorted shares (if they do exist) in my example. However, I suspect those names would be only on the books of the brokers and not with DTC. They definitely would not be with the TA or the Co. Bottom line is the TA or Co would not be able to tell which are naked or valid.

posted July 24, 2004 15:41            

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

Posted by: zeninvestor32
In reply to: None Date:7/24/2004 3:26:49 PM
Post #of 61755

MY OPINION RE: JEFF

A lot of people have privately asked me what my thoughts are on JEFF's behavior and whether I think he's a friendly MM to us or if I think Roger has worked out a deal with JEFF or a number of other theories.

Here are my OPINIONS. They are my SPECULATION. They are my GUESSWORK. Take them as such since I have no actual information on what JEFF is doing.

I posted many moons ago an article that tightly tied JEFF to NITE and CRWN (basically that 2 brothers that worked together at NITE split to form JEFF and CRWN). I believe this "family of thieves" has always worked together and probably even share many of the same clients (large hedge funds with offshore accounts). I believe they work in coordination with each other and probably even a few others as well (WIEN has always been one of the usual suspects to me). Personally, while the theory is interesting that maybe Urban is using JEFF in a positive way, I don't buy it.

First off, I don't think Roger would find it appropriate to engage and coordinate with the enemy to what would essentially amount to manipulating the market. The only way I could see this happening is if Roger went to some buddies at the SEC, explained the situation and all agreed that the best way to prevent market chaos was to allow JEFF to help CMKX in a friendly way so that the covering went smoother. I HIGHLY doubt that happened. Personally, I think Roger has contacted the parties he has suspected of naked shorting and in no uncertain terms, told them that CMKX is well aware of what is going on and it would be in their best interests to stop it immediately and cover. IMO, a letter like this from a firm partner at Edwards Angell is likely a first and should have been a HUGE warning sign to them. As I said from the start, pinks and otcs RARELY (if ever) hire a law firm of any significant national reputation.

IMO when that warning letter did not work and the price remained unchanged (or actually was shorted out more), my guess is that Roger may have personally called the General Counsel for the various shorting entities to explain that CMKX was prepared to take significant legal and corporate action and that covering would be wise. This was obviously ignored again. IMO, it was ignored probably because the MMs felt they could still cover more by keeping it suppressed than by raising the bid.

So now one might ask, "Ok, Roger gave them every opportunity so why are we just 'hinting' at things and not dropping the full bomb on them?" My opinion is that even though that would WORK it would still cause greater harm to the market than a process that induces the shorts to cover one step at a time on the way up with REDUCED VOLATILITY. I genuinely believe that if they released the OS at the outset and it was as low as I suspect (10 billion or less) that such a massive level of volatility would result that (pay attention) innocent shareholders could actually be harmed by this. I believe this is being handled the way it is to protect two classes of shareholders:

1. Those that would buy in at the height of the volatility and then sell at a massive loss due to the insane volatility. Many might be swept into the volatility and then the MMs would still be shaking and juking and twisting and these innocent shareholders could suffer huge losses because they are unfamiliar with what is happening.
2. Shareholders who plan on holding long term will be less likely to do so in the event of massive volatility. If the stock were to spike to let's say 25 cents and then drop to 5 cents, you are going to have massive selloffs by even strong longs.

So, this leaves me at this point. I think Roger personally warned the naked shorters. I think they ignored his warnings. I think he still believed it was in EVERYONE's interest (and to protect many from the volatility) that CMKX give the shorts a "nudge" forward. Thus, dividend number one. It did nothing. Dividend number 2. Nothing again. I believe that right now as I said before "the MMs have a choice -- they can do this the painful way or the very painful way, and apparently they have chosen maximum pain." So now I believe we will start getting more substantive details even though it may mean greater volatility than anyone wanted. I think Roger genuinely was trying to protect shareholders and the shorts genuinely refused to cooperate. I think the blows to the shorts will get more and more signficant now. I do NOT personally believe there was ever any coordination between Roger and JEFF or any other market makers.

Now that having been said, I believe it is still possible as an end game that the short position might suddenly agree to a complete buyout to stop the pain. That remains to be seen but my guess is it would only happen if and when the shorts realize that they can NOT cover their position comfortably on the open market. I doubt they feel that way right now even if it means they have to run it into the pennies or dimes. They probably still feel confident that all their tricks and manipulations can shake out all the shares they shorted in a cheaper fashion than a straight buyout.

I used to believe that Roger had a plan to do a straight buyout and solve this whole thing cleanly and simply without relying on the open market. Obviously some things have changed my views on this. I still believe a pure buyout could happen but I don't think it is priority number one.

To recap, it is my OPINION that JEFF, NITE and others are being extremely uncooperative even though I believe Roger has given them enough time and incentive to begin covering. Given the time frame I see developing, I now believe events will become more dramatic and that we will be in for the most talked about roller coaster ride of a stock in the history of the stock market. That is my honest OPINION. By September 1, we'll see how close I was.

Z

As always, these are my personal opinions.

posted July 24, 2004 16:02            

The number of shares traded on Friday was more than 4.8 Billion. A lot of days the numbers reported here are significantly less than actual.

TP -Give it a rest. Your constant negativity reads more like bashing than DD. The post about the worm farm was previously dicussed and dismissed. Some of us can remember further back than our last meal. As far as stock patrol goes they are fairly suspect in who and how they 'report on'. It is a tired trick. It has been hauled out too often to be effective. There are elements to CMKX that many may question but the mineral rights haven't been one in any credible way. The CIM shares may not have a monetary value but if it forces a cover we will benefit monetarily in a raised PPS.

Brad-Thank you for you substantive posts on this thread.

Money_Penny -You get my vote for the post of the day For Fridays post:

Oh geeeeeeeez, richness....
You remind me of Jason from Halloween. You know, the creepy guy with the icehockey mask who gets killed at the end of each movie but then there's another sequel and Jason rises from the dead again? You know, there never is a happy ending for Jason...no matter how many time he comes back!

---------------------------------------------
I have been thinking about JEFF on .0005, .0004 and now .0003? for what seems like forever. If he had been involved in helping UC retire shares he may be getting ready to cannibalize his friends. He could be selling shares he previously purchased at sub .0001. He is looking like he is naked shorting and he may be just window dressing so it looks like business as usual. When the time to cover is here he may be one wealthy MM. That is just a guess; for all I know he could be actually naked shorting. But something is going on. I plan to stay tuned and I guess I will be able to buy shares cheaper still.

For anyone who asks the question how or why would anyone short a .0001 stock you need to read the cellar boxing article that has been posted on this thread two times previously. It is very profitable selling electronic copies and pocketing the money. This isn't shorting like we tend to think of with stocks over $5 that may be overpriced and we can legally sell shares we don't own and then buy to cover later (at hopefully lower prices). Naked shorting is allowed as a temporary aid for market liquidity. MM's can sell electronic copies of a stock they can borrow or believe can be delivered. The shares are supposed to be a copy that can be matched to a certificate. Unfortunately for us fraud enters the picture too often. If the MM's think that a stock is going belly up and has no chance of recovery they will sometimes sell off NS shares until the stock is BK and disappears.

posted July 24, 2004 17:21            

quote:

---

Originally posted by will:
Hey pharm, you old scab picker, how are ya? I think I need a break from this thread, nothing but bullsh|t and nonsense going back and forth seeing that no one knows nothing. Can everyone say sideways .0003 to .0006 until diamonds are found or O/S are reported. Then is it's up if there is a managable amount of O/S, (which I doubt), or diamonds are found, or down if there are 400B / 500B O/S. Y'all better be praying for diamonds. Until then I have to put up with this nonsense for another month. "It's a scam, I tell ya" , "No, Urban is a genius, I tell ya" , "Roger Glenn worked a miracle, I tell ya" , "Roger Glen died in a stock fraud accident in Kentucky, I tell ya" , "Mt St Helena, I tell ya" , "Diamonds big enough for a flea's ring, I tell ya" , "A trillion naked shorts, I tell ya" , "Why would they short a .0001 stock".
Just let the PPS go up or find some godamn diamonds, so I can quit reading this crap.

---

Hey will!! Same ol', same ol' here...u?

posted July 24, 2004 19:04            

See what ya did, I might have been able to sell him shares at .10, now you ran him off, lol.

Things are good by me, loosing some $, but with the condition of this market I'm sure it culd be worse.

I hardly go to the Q thread anymore, once every few weeks. I have some I'm loosing a few bucks on, as soon as it hits .01, I'll get out. I'll start swinging it again. Looks like a good buy in low .005's and then out in the .007's

quote:

---

Originally posted by pharmdman:
Hey will!! Same ol', same ol' here...u?

Mostly I've been working and lurking... until yesterday... I had one heck of a debate on the QBID thread.... and most of it was deleted by the moderator... LOL...

---

posted July 24, 2004 19:06            

Van wrote:
D$$M I HATE THAT when someone calls me a crazy fool. I thought I was just dumb. BEARCLAW might have been the next great insight on this stock. Excuse me while I go lick a tree.
VAN
---------------------------------------------
Brad -Thanks. I read the post about Jeff that you copied after I wrote my post and I have to say I think that he is still shorting makes more sense. I keep up with a few of my friends via email on CMKX and in the process of talking about the share count it occurred to us that if the share count is low (as I think and hope it is) and it is released as there is a forced cover we will see the maximum benefit of that information then along with any other good news. I think it is worth waiting for. If I am wrong I will be disappointed. If I am right I will be able to accomplish a lot of good that I couldn't even hope to do otherwise. I am serious about my goal of trying to help thousands of AIDS orpans in Africa thru World Vision. The $15,000 I have invested here could sponsor 4-5 kids for 10 years. I am already sponsoring 4 kids thru World Vision and have 2 more with Compassion. If this is as good as I am expecting it to be I can personally sponsor 1000 kids.

The funny thing about people who dream is that their dreams often come true. And if you look at the life of Joseph in the Bible I would add if your dream is from God it will always come true. I am not sure my dream is from God but if it is it will succeed.

posted July 24, 2004 19:44            

quote:

---

Originally posted by timberman:
Thanks Wallace. I still believe that there should be records of all or any of the things you just stated. Question is(and I'll get labeled a basher for this)Does anyone want to invest in a company that has such sloppy records. Heres something else to think about. Lets say the naked shorting theory is correct. If any of us bought those shares and the SEC decides that those shares do not exist, all who (thought)they owned shares will be holding nothing. I say this because the ones who sold them won't be returning them. Just a thought.

---

I won't call you a basher timberman. I'll just strike your question up to being new with naked shorting. I usually give people the benefit of the doubt.

posted July 24, 2004 19:51            

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

Certificates, NSS Position, O/S est and Shareholders

We have been this route before on talking about Certificates and many months ago most every one was afraid they couldn’t sell fast enough if the PPS shot way up. Now many are seeing that a long position is in store for CMKX. Urban has reportedly agreed that certificates would be incredible leverage against the MM’s. But he too doesn’t believe the shareholders will do it. Is this a sign of slight disappointment from our leader because we refuse to do this thing?

I believe as many of us here know the SHAREHOLDERS CAN FORCE A COVER by the MM’s if we could get everyone to order Certificates. I also am smart enough to know that not everyone wants too, neither will everyone do it. We have all talked about writing to our Representatives, Dateline, the SEC, and everything else when the truth is, as much as some are going to not like this, we as shareholders WILL NOT DO the one thing that Urban and D. Roger Glenn can’t do for us, and that is request our certificates and force the MM’s to cover.

I am not sure why Urban has not came right out and asked the shareholders to request certificates. For in my opinion if he did, at least 70% of the investors would get them. What would that mean? Lets take a brief look at it.

Say we have a 500 billion O/S that matches our current 500 billion A/S. We all agree this is a ridiculous number, but it is the worst case scenario. Say we have a matching 500 billion NSS position. What would happen if everyone ordered their certs? Of a possible 500 billion O/S and A/S, CMKX would have to have 251 billion in restricted and probably already in certificate form. That would drop the O/S to 249 billion that the NSS position of the MM’s and brokerage firms could use to cover with. I personally know of individuals totaling in the billions that have certificates already, so we will take say 10% of the remaining O/S (249 billion) out as already certificated, leaving us with
249 billion – 24.9 billion = 224.1 billion call it 224 billion.
Take away from that everyone that is in the “float” that is holding long on CMKX or will not sell into the market place and it gets very interesting.

Most companies have a relatively small float in comparison to their actual outstanding shares. Some are 1% others are 3-5%, but few are above 6%. So lets go beyond the norm and say CMKX has a 10% float on our O/S. Just for examples sake. If our O/S is the extremely high figure of 500 billion (not counting NSS) then a float at 10% would be 50 billion. I know our float is nowhere near this, but please stay with me. I hope you will be able to see how powerful we as shareholders can be with this tool we possess.

If CMKX had a huge float of 50 billion and an O/S of 500 billion and a NSS position of 500 billion we would have 1 trillion shares that could potentially be certificated. We would only need only 50% of these to request certificates to produce an incredible scenario. Why do I say a 500 billion NSS position? Actually 500 billion NSS position is to conservative. We probably still have 1trillion or more. Let me explain!

We can by looking at our daily trading volume clearly understand that the NSS position is actually near 1 trillion by percentages standards. Meaning our daily trading volume over a 30 day period can give you an indicator of the company’s O/S based on market standards. For example:

stock, daily volume, O/S, ratio
Msft, 37million, 10.8 billion, .34%
intel, 56million, 6.5 billion, .87%
GE, 22million, 10.55 billion, .2%
Cisco, 60million, 6.8 billion, .89%

Using these companies stats it is easy to see that a 2.00% daily volume to O/S ratio would be well within the standard if used for CMKX. Our average daily trading volume has ranged from 15 billion to near 3 billion over the last 30 days so we will use 5 billion as a generic daily volume although the medium on this 15 billion high and the 3 billion low would be 9 billion almost double my calculations. Using 5 billion daily volume as 2% of CMKX’s O/S we would arrive at 250 Billion outstanding shares of CMKX. Even at 15 billion as CMKX’s highest volume day, the O/S would be 750 billion at 2%.

If we go the other direction and 5 billion daily volume is only say .2% of the O/S then we get a number of near 2.5 trillion O/S or even .4% would be a 1.25 trillion O/S. We only have 500 billion A/S so how can we possibly have a 2.5 trillion or a 1.25 trillion calculated O/S on daily volume? There is only one answer? Naked short share position! Even at these conservative calculations the NSS position would have to be near 2 trillion to 750 billion at the very least, in my opinion. I know that is a phenomenal number, but the 30 day volume average to the O/S is a clear indicator that someone has NSS CMKX “TO DA MOON”.

With this in mind we could speculate that this is what the scenario could look like if 50% of the shares were requested in certificates based on 500 billion O/S and only a 500 billion NSS position.

1 Trillion potential certificated shares at 50% would be 500 billion shares in requests for certificates. This is actually equivalent to the entire A/S and would force the MM’s to cover the 500 billion NSS position with a float of only 50 billion. This would generate the same effects on the PPS if at anytime the MM’s were forced to cover. The MM’s can do a lot of things, but they cannot produce certificates. They have to cover their NSS position in order for the brokers to be able to release those certificates to the owner. So what does all of this mean?

The MM’s then have to go in and get the shares as quick as they can before all of the orders for certificates are finalized. Once the request goes in to get the certificates then the MM’s have no choice, but to satisfy that position with a real share. So if they need to cover 500 billion NSS position with a 50 billion float before the orders go in for the certificates, they will have to launch a PPS large enough to have you withdraw your order for certificates and sell to them before their NSS position is exposed by the incredible amount of Certificates requested to the Transfer Agent.

Remember 500 billion is only 50% of the share position that would need to be covered by the MM’s.

With a current PPS of .0005 and a float of 50 billion the MM’s would have to drive the PPS up enough to cause every single share of the float to be bought and sold 10 times to cover the demand. This means:
If they get 10 billion shares from the float at .0005 to .0010 they have to use those shares to cover their NSS positions to 10 billion shares owned by others.
Then if they get another 10 billion shares from the float at .0011 - .0020 they have to use those shares to cover their NSS positions to 10 billion shares owned by others. They would still owe 480 billion shares and would have to do this another 48 times. But, the problem with that is that it would take to long and CMKXers would catch onto that in a heart beat after the first few go a rounds and the gaps in the PPS would get larger and larger.

The obvious answer for the MM’s would be to jump the PPS to .005 or .01 and try to snag 50 billion or the entire float all at once. Why? Because this is about the only way the MM’s would freeze the further orders of investors from going in for certificates. That is necessary because if they don’t freeze the requests for certificates, they can’t possibly cover quick enough. Now, those shares have to be issued to 50 billion shares of those requesting certificates and the MM’s have bought some time through the gap up on the PPS and freezing the certificate requests.

They have to move quick now or the requests will continue. Why the freeze? Because if investors see the PPS climbing at phenomenal rates they will begin thinking they can sell into the market on this peak and then buy back in when it falls. Problem is it won’t fall and you will be out of shares. Why? Because the MM’s know you think that way and they will jack the PPS and hold it, freezing other investors that are now thinking their out on the next peek. With requests frozen the MM’s now slow down the PPS gaps and only shoot the next move from .005 and .01 to a new level of .0075 and .015.

In this they would evaluate how many shares they are pulling and if the freeze is still in effect on the certificate requests from investors. If this isn’t effective enough they will boost it again until the freeze on certificates from investors holds. This is a scenario that the MM’s would have to do a minimum of 10 times just to cover 50% of the potential certificate requests that could go forth. All of the time this is strengthening the PPS because the NSS position that has held the market value down is being removed certificate request by certificate request and the float is dropping with every cover.

These effects could be phenomenal if only 50% of the share holders got involved in requesting the certificates and actually put the request to the broker for them.

Please don’t email me with your hard lines against certificates because I have heard more than enough already. The only reason not to get certificates is if you are going to short sell CMKX on the spikes and try to buy back in on the lulls. That is fine, if you want to play that way, I understand. But at least lets work together to get the spikes going so you can sell and take your own gamble that we will have some lulls that you can buy back in on.

Requests Monday morning for 50% of the shares in CMKX would rock the MM’s world in a bad way and CMKXers in a great way.

Can we get an organized effort to do it? We have met resistance every time by investors screaming don’t do it, you’ll be left out on the runs. The Pinks are to volatile a market to hold certificates on (meaning that it may take a few hours or days to get your certs in position to sell) and this is a clear indicator that those that say such things are wanting to do such things. I am in CMKX for the long haul and I have many millions in certificates and I have more that are not. I will try to get a hold of Urban or Roger and if they say that regardless of the timing of the dividends go ahead and do it, then as of Monday morning I am calling Ameritrade and requesting all of my certificates to be delivered immediately. I hope others will join me in this effort to support CMKX, Urban, D. Roger Glenn, and one another.

As I stated earlier in this post, “Urban has reportedly agreed that certificates would be incredible leverage against the MM’s.” But he too doesn’t believe the shareholders will do it. Is this a sign of slight disappointment from our leader because we refuse to do this thing? I would have to say, yes! He has done everything he can to help us and the one thing we can do to help him and ourselves, we don’t do. What is wrong with this picture?

I believe we need to ask CMKX, Urban, or Roger if they would like for us to request our certificates for CMKX shares. This is not illegal to ask! If Urban and company says it will help and our brokers assure us that our dividends will not be jeopardized by the certificate request or there shouldn’t be any confusion on getting paid, then we should all go for it. Lets force these sorry MM’s to cover and make them regret the day they ever naked short sold the first share of CMKX.

This is just my opinion and I ask that you treat it as such.

posted July 24, 2004 20:16            

As sloppy as the CMKX people may be, their records probably do show the correct shs issued and outstanding. My point was that I do not think the records of DTC (as a result of trades made and reported by brokers) would be the same as CMKX's if there is a large number of naked shorted shares out there.

Debi,

Nice to see you back.

Would you please explain to me how you figure naked shorted shares really exist? If there are 10 shs issued and outstanding and an MM has naked short traded 5 more shares making a total of 15 shs, how could the add'l 5 shs exist? They certainly do not exist with the TA or the Company. Do you see something I do not? Isn't that the whole concept of naked shorted shares?

posted July 24, 2004 20:35            

quote:

---

Originally posted by Wallace#1:
Brad,

What was the date on that "Latest from DD"?

---

Today. I should have included the header below.

posted July 24, 2004 21:39            

member is offline

Posts: 266
Naked Shorting 101: Its Harm. Written By Attorney
« Thread started on: Today at 10:47am »

--------------------------------------------------------------------------------
Hi All,

This is a letter to the SEC from a well-known attorney, Frederick D. Lipman, Esq. regarding naked shorting. (see his resume below and a list of the fifteen books he has written or you can go to the following link to view his entire information http://www.blankrome.com/attorneys/attydetail.asp?AttNum=121).

By reading Lipman's letter to the SEC, you can quickly get the bottom line on naked shorting. If you want to "get righ into it" start reading at the 3rd paragraph.

Ciao,

CDLIC

********************************************
Letter To The SEC from Frederick D. Lipman, Esq.June 10, 2004

The proposed rule would be appropriate only after the Commission has adopted effective methods to prevent naked short-selling and has devoted sufficient resources to enforcing the prohibitions that the Commission actually adopts to prevent naked short-selling. At this point the Commission has not adopted Exchange Act Release No. 48709 October 28, 2003, 68 FR 62972 November 6, 2003, and it is not clear its proposal to prevent naked short-selling will be effective and, even if effective, will be enforced by the Commission.

Therefore, it is premature to adopt prohibitions on issuer action to avoid the deleterious effect of naked short-selling on public companies and their equity holders.

The deleterious effects of naked short-selling are extremely serious, particularly for smaller public companies. The following is a list of the serious harm caused by naked short-sellers:

1. Naked short-sellers depress the price of the stock held by existing investors by artificially increasing the supply of stock offered for sale. The depressed price of the public company stock prevents the public company from raising needed growth capital and undermines equity incentives granted to motivate employees of the public company.

2. By selling shares that do not exist, naked short-sellers undermine the authority of the board of directors under state law to control the number of outstanding shares. State corporate laws typically permit corporations to establish the number of authorized shares in their certificates or articles of incorporation and authorize the board of directors to issue those shares. Naked short-sellers can effectively increase the supply of shares beyond what is authorized by the board of directors and even beyond what is authorized in the certificates or articles of incorporation. Naked short-sellers violate the public policy set forth in the corporate statutes of the various states which permit only the board of directors to control the number of outstanding shares.

3. Naked short-sellers are incentivised to manipulate the price of the stock downward in order to maximize their profits when they cover their short-sale. Unscrupulous naked short-sellers will post false information about the company in Internet chat-rooms, spread false rumors and do everything within their power to cause harm to the company. Indeed, the ultimate triumph of a naked short-seller is to drive the company out of business, with the consequence that all of the employees would lose their jobs. The Commission does not have the resources to prevent this type of unscrupulous activity by naked short-sellers.

Although I recognize the need to promote the integrity and efficiency of the U. S. clearance and settlement system, this desirable public policy must be weighed against the evil of permitting the continuation of naked short-selling. Until the Commission develops an effective program to prevent naked short-selling, it should not interfere with the effort of small public companies to attempt to prevent this activity by restricting transfers to or from securities intermediaries.

Frederick D. Lipman, Esq.June 10, 2004

Lipman resume:

Mr. Lipman frequently appears on CNN, CNBC, and Bloomberg television as a national commentator on initial public offerings, venture capital, mergers and acquisitions, and stock options. He currently teaches venture capital in the MBA program at the Wharton School of Business and has taught corporate finance for ten years at the University of Pennsylvania Law School.

Publications (not all):
"The Complete Guide To Employee Stock Options" (published April 2001 by Prima Publishing and distributed nationally to bookstores)
"The Complete Guide to Valuing and Selling Your Business" (published by Prima Publishing in February 2001 and distributed nationally to bookstores)
"Audit Committees" (published by The Bureau of National Affairs, Inc. in 1995 and updated in 2000) -- lead author. Cited in Blue Ribbon Committee Report
"The Complete Going Public Handbook," subtitled "Everything You Need to Know to Turn a Private Enterprise into a Publicly Traded Company" (published April 2000 by Prima Publishing and distributed nationally to bookstores)
"Financing Your Business With Venture Capital," subtitled "Strategies to Grow Your Enterprise With Outside Investors" (published November 1998 by Prima Publishing and distributed nationally to bookstores)
"How Much Is Your Business Worth? A Step-By-Step Guide to Selling and Ensuring the Maximum Sale Value of Your Business" (published July 1996 by Prima Publishing and distributed nationally to bookstores)
"Venture Capital and Junk Bond Transactions" (published June 1996 by the American Law Institute-American Bar Association)
"Going Public" (published February 1994 by Prima Publishing and distributed nationally to bookstores). Designated by Fortune Book Club, a division of the Book of the Month Club. Selected as one of ten best business books for 1994.
"Being Public" -- The Personal Duties of Directors, Officers and Principal Stockholders Under the Securities Exchange Act of 1934 and Rule 144 of the Securities Act of 1933." -- Packard Press, 1997
"Alternatives to Incorporating in Delaware" - New York Law Journal, November 6, 1997
"The Best Way to Launch An Initial Public Offering" - The National Law Journal, April 17, 1995
"What Should the Audit Committee Do?" The Corporate Governance Advisor, March - April, 1995
"Accounting Principles and Economic Growth" - Venture Capital Journal, November 1994
"Advanced Planning Needed for Your IPO" - The Small Business Controller, Fall 1994
The Quality Pursuit (1989) published by the American Bar Association: author of chapters entitled "Legal Opinions" and "Responding to Auditor's Letters."

« Last Edit: Today at 4:09pm by CDLIC » Logged

posted July 24, 2004 21:59            

http://www.findarticles.com/p/articles/mi_m0EIN/is_2003_March_5/ai_98373658

Casavant Mining Kimberlite International Announces Acquisition of Claim and Aerial Survey Update
Business Wire, March 5, 2003

Business Editors

LAS VEGAS--(BUSINESS WIRE)--March 5, 2003

Casavant Mining Kimberlite International, Las Vegas (OTCBB: CMKM), has reached an agreement to the terms of an acquisition for the Snowden Kimberlite Pipe with Anglo Minerals Ltd. Claim S-133707 (Section 5, Twp 52, Rge 18, W2). This claim is one of many targeted by Casavant Mining, and Claim S-133707 is currently surrounded by Commando/Buckshot Holdings which recently was acquired by Casavant Mining Kimberlite International.

Saskatchewan Energy and Mines' open files record contains the following information (SEM open File 73HO7-0018) for informational purposes only.

-- Three drill holes were completed by Rhonda Mining Corp. in 1993, located 5 km southeast of Snowden, in Section 5, Twp 52, Rge 18, W2, adjacent to a large kimberlite body on Cameco/De Beers/Kensington ground to the north.

-- Rhonda drillhole OFS93-02 encountered 15 m of tufaceous/detrital kimberlite immediately below the overburden, from 102 m to 117 m. End of hole was at 160.6 m depth.

-- OFS93-03 cut 9 m of eruptive and detrital kimberlite material immediately below the overburden, from 95.12 m to 104.05 m. End of hole was at 154.8 m.

-- OFS93-04 intersected 14 m of mainly tufaceous kimberlite immediately below the overburden, from 94.4 m to 108.4 m. End of hole was at 160.6 m. Indicator mineral chemistry and micro diamond analyses were performed on kimberlite core samples. A total of 21 micro diamonds were reported from approximately 100 kg of kimberlite (100 kg equals approximately 220 pounds). (SEM Open File 73H07-0018).

Fugro Airborne Survey Update

We are pleased to inform that the Fugro Airborne Survey has been launched and is currently underway. Casavant Mining has received updates as to progress of the aerial survey on the 700,000 acres at the Fort A La Corne Project. On Feb. 26 and 27 Fugro crew was mobilized and approximately 892 kms of data was collected of the 11,380 kms contracted at this time. Fugro Airborne Surveys is currently using advanced Geotem Technology to identify any kimberlite presence on the company's claims.

Casavant Mining shall be informed, on a daily basis, in respect to the progress of the survey; the shareholders shall also be informed as to updates on a frequent basis.

There is no guarantee, however, that the survey will identify kimberlite pipes. Even if numerous kimberlite pipes are identified, there is no guarantee that any such kimberlite pipes will contain diamonds.

Investor Relations

In addition to investor relations in Las Vegas for Casavant Mining Kimberlite International, a Saskatchewan Diamonds Hotline has now been opened. The purpose for this office is to give shareholders an opportunity to speak with a representative from the Fort A La Corne area.

The division will be headed by Melvin O'Neil, a 50-year resident and a well-known member of the community.

O'Neil is familiar with the mining and mineral industry and has first-hand knowledge of the development of the Fort A La Corne area.

Saskatchewan Diamond Hotline Contact information:

Melvin O'Neil Office Tel.: 306/752-3755 Toll free in U.S./Canada: 877/752-3755 Fax: 306/752-3754 E-mail: ipr@sasktel.net

Casavant Mining Kimberlite International Inc. Contact information:

Investor Relations 1489 W. Warm Springs Rd., Suite 110 Las Vegas, NV 89014 Tel: 702/946-6746 (please note new number) Fax: 702/946-6767 Contact persons: James Kenny/Ginger Gutierrez

The office is open 9 a.m. to 4 p.m. Monday through Friday.

Correction

Press releases on Feb. 19 and 20 mentioned "claims surrounding the De Beers diamond mine at Fort A La Corne"; in fact, they should have read "De Beers diamond exploration project."

Forward-Looking Statements

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 Act of 1934, as amended (the "Exchange Act"). All statements that are included in the press release other than statements of historical fact are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be 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.

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