posted July 26, 2004 18:59            

In my opinion, it is not likely that a R/S happens. Urban can't afford to make shareholders question him anymore. A lot of us have been invested in CMKX for over a year, and are really going to be on tilt if the pps stays under .0005 by the end of the year. If it was to happen, it would be, in the case of CMKX, decided by Urban and/or Roger Glenn.

Even if a R/S happened, it would not suddenly increase the value of the company, as you said in your post above. There would be less amount of shares outstanding and in float. The market cap of the company would not change.

posted July 26, 2004 19:18            

Posted By: islandtime Msg# 48538 of 52036

Post Reply Post New Message >

By Tom Martin
aka “Steve Tracy”
aka “Firebird_1965”

Today I want to come clean about something I
feel very badly about. I cannot undo some of
the things I have done, but hopefully this
message will prevent other such occurrences in
the future.

I am a paid basher.

Yes, it is true. Today is my last day at this
company; I’m moving on to a new job. But before
I go, I want to explain a few things because
this just isn’t right and I won’t feel good
about myself until I expose this sham. It’s
hurt too many people and I don’t want it on my
conscience anymore. I can no longer live with a
lie.

I work for a company called Franklin, Andrews,
Kramer & Edelstein in Stamford, CT. Basically,
it’s a Boiler Room much like the one in the
movie of the same name. The idea behind my
group is to bash the price of a company’s stock
down low enough to where the group of investors
who retained our company’s services can buy the
stock really cheap and perhaps even take it
over all together.

There are approximately 70 people at the
company divided into several groups. My group,
consisting of 5 people, is responsible for
BIFS. While I probably shouldn’t give any names
of anyone working here now, what the heck, I’m
leaving here, so what can they do – sue me? Ha!
I can tell you that GUTTWRENCH was part of my
group until he left last week, as was
Richardphx. Others who have been part of this
include early bashers like Epiphonics and
Simontaz. You may be interested to know that
some hypsters, such as Amato7 and BIFWATCHER,
have also been part of the scam (more on that
later).

There are several companies engaged in the
bashing business – ours is not the only one.
However, I can tell you that not every basher
in here is a paid basher. Having done this for
two years, I can usually tell who is a paid
basher and who is merely someone having a
little fun. While unpaid bashers have a
different motive than someone like me, they can
be unwilling accomplices to helping me achieve
my ultimate goal and they also spread rumor and
confusion throughout a room, which also helps
me.

What is that goal? Well, I am merely a cog in a
much larger machine, so my bosses never really
explained the big picture to me, but I’d say
essentially, GUTTWRENCH was right. There are
several companies who are quite familiar with
SWOMI and who are deathly afraid of it.

There are three types of bashers here at
Franklin, Andrews, Kramer & Edelstein:
Advanced, Intermediate and Beginner. An
Advanced-level basher (also known as a Silver
Tongued Devil) would spread false or misleading
information about the company. They would deal
in facts, countering every longs post with
articles, news reports and opinion surveys that
gave a negative impression about the company.

An Intermediate-level basher (also known as a
Serpent) would try to weasel their way into the
confidence of longs and create doubt using
rumor or innuendo.

Finally, a Beginner-level basher (also known as
a Pitchfork) would attempt to create confusion
in the room by distracting other posters with
satire, name calling and pointless arguments.
The idea was to make sure no serious discussion
of the stock could take place. A Pitchfork was
usually a basher, but not always. Sometimes, we
would throw in a hypster Pitchfork such as
Amato7 or BIFSWATCHER to create the illusion of
an argument going on. What was really funny (in Advertisement:
a perverse way, I guess) was that Amato7 and I [Image] [Image] [Image]
sat next to each other, laughing the whole
time.

I was a Pitchfork. I was paid a base wage of
$12 an hour for my services. I was given a $1
bonus for every post over 100 per day as well
as a monthly bonus of $100 for every penny the
stock had dropped from the previous month. I
was also paid a bonus for bashing on weekends.
While this may not sound like much, I made a
decent, though dishonorable, paycheck.

Each of us sat in a small half-cubicle in a
cluster with our teammates. Each group (usually
five people) was made of three beginners (two
who would bash and one who would hype), one
intermediate and one advanced level basher.
Occasionally for some of the hotter stocks, one
of the beginners would be replaced by an
intermediate depending on how much the stock
was rising. BIFS was a low-level stock, meaning
it got the 3-1-1 configuration. Somehow, I get
the feeling that JPACK2 may have worked for a
basher company or knows someone who does
because the “Basher Handbook” he occasionally
posts is eerily similar to the one we actually
use. While not a word-for-word match, I’d say
it is about 90 percent the same. We do have
certain rules that we follow.

First, we have to develop a character and stay
within that character in order to build a
“following.” My character, “Firebird_1965,” was
a sarcastic, obnoxious supporter of free
speech, but only when it came to bashers.

Next, we had to follow certain guidelines on
what we could say. We were urged to have an
“answer” to every long’s question, but we were
to frame that answer in a way that ridiculed
the questioner for asking such a question.
However, we were never to use profanity or
vulgarity because that would cause people to
ignore us. We were to make fun of people, but
in a civil way. The idea was to get “play,”
i.e. – reaction from other posters. The more
play we got, the more the room would be
disrupted. Ignored posters get no play. One
exception would be the hypster – since they
were “defending” the stock against our
onslaught, they got a little more leeway.
People would side with the hypster because they
thought he was real since he appeared to be on
their side, but was really on ours, setting us
up to disrupt the room. Padelcars is quite good
at this and gets paid very well.

I’ve worked on BIFS for about three months now.
In addition to the Firebird_1965 alias, I’ve
used a few others on the BIFS and several other
boards as well. I stuck with Firebird_1965
because it was the one that got the most play
from other posters.

In closing, I feel absolutely terrible about
this. It’s just awful how I’ve been part of a
scam designed to cheat honest, hard-working
people out of their investments all for the
benefit of a few wealthy people who already
have enough money to last a lifetime. These
greedy people MUST be stopped. That’s why I’m
posting this before I leave. I want to make up
for some of the damage I’ve done. I can’t live
with this lie anymore. You can’t imagine how
hard it is to look at myself in the mirror each
morning knowing my job is to cheat and lie.

I have to go now, I’m too broken up to
continue. I hope this confession can make up
for my sordid deeds; I would urge everyone who
reads this to copy and repost it as many times
as you can. Only by shining the light of truth
can we drive these rats back into the darkness
from whence they came. Believe me, they don’t
want publicity.

I hope all of you can forgive me and save me a
seat on that BIFS rocket to the moon. If this
helps, let me leave you with this…

GO BIFS!!!!

With fervent remorse,

posted July 26, 2004 19:20            

quote:

---

Originally posted by Money_Penny:
Harry,

Nobody said YOU were bashing. However, more than likely a basher put us up to all this, and the whole discussion just spun out of control. You just got caught up in it. Now we know that our shares are safe. The TA knows what we own, and dividends will be distributed to all of us. END OF DISCUSSION.

---

posted July 26, 2004 19:27            

What it can do is inform you of your position. If I applied for certs and could not get any then I would worry.

If I then dumped my shares on another unsuspecting trader I would be liable because I knowingly passed on illegal shares.

If part are naked and part real you could tell your broker to sell specific cusip numbers to dump the nakeds but then you and they become liable, knowingly selling naked shares.

posted July 26, 2004 19:33            

quote:

---

Originally posted by Upside:
goforit,
That thing has circulated before and hasbeen pretty much debunked. Take a look at the first letters of each of the firm names partners. It spells FAKE.

---

posted July 26, 2004 20:06            

LAS VEGAS, Jul 26, 2004 (BUSINESS WIRE) -- CMKM Diamonds Inc. (Pink Sheets: CMKX) announced today that it has agreed to acquire a 60%, undivided interest in 500,000 acres of potential Kimberlite mineral property in Saskatchewan, Canada. The property is currently owned by Nevada Minerals Inc., a private company unrelated to CMKM. The property is being developed by a joint venture between Nevada Minerals Inc. and U.S. Canadian Minerals Inc. CMKM will acquire the interest in the property in exchange for 75 billion shares of restricted Rule 144 stock of CMKM. In order to reduce the dilution to CMKM's shareholders as a result of this transaction, Urban Casavant, CMKM's CEO, has agreed to contribute 40 billion shares owned by himself in exchange for an agreement from CMKM stating that Casavant will be paid only if the acquired property actually yields a profit. According to the agreement, Casavant will be paid one-half of the net proceeds from any mining on the property, after paying all associated expenses, up to a maximum aggregate total of US$62 million. CMKM will issue 35 billion new shares of the company to Nevada Minerals Inc. to complete the transaction.

As announced earlier, U.S. Canadian Minerals Inc. recently issued 7.5 million shares of the company's stock to CMKM in exchange for certain mineral rights. Those shares have been issued to CMKM and will be distributed to shareholders of record of CMKM on Aug. 20, 2004. Due to Casavant's share contribution to the property acquisition by CMKM occurring prior to the Aug. 20, 2004, date, Casavant will not receive this or any subsequent dividend.

Casavant stated, "We are delighted to make the acquisition of this property, which is covered by our proprietary Goldak Airbourne surveys. We will be traveling to Saskatchewan in August with executives from U.S. Canadian Minerals Inc. to view the property owned by CMKM with the intent of planning a drilling schedule." The drilling will be performed with Rick Walker and United Carina Resources Corp. (CA:UCA), Consolidated Pine Channel Gold Corp. (CA:KPG) and Shane Resources Ltd. (CDNX: SEI).

D. Roger Glenn, CMKM's counsel, stated, "I will be traveling to Saskatchewan with the company's management to expand my knowledge of the company and its business in order to facilitate the company becoming fully reporting." www.casavantmining.com

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

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

SOURCE: CMKM Diamonds Inc.

CMKM Diamonds Inc.
877-752-3755
Diamonds Hotline: Melvin O'Neil
306-752-3755 or 877-752-3755
Fax: 306-752-3754

Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.

Copyright (C) 2004 Business Wire. All rights reserved.

posted July 26, 2004 20:07            

July 26, 2004 07:57 PM US Eastern Timezone

CMKM Diamonds Inc. Acquires Additional Interests in Saskatchewan

LAS VEGAS--(BUSINESS WIRE)--July 26, 2004--CMKM Diamonds Inc. (Pink Sheets: CMKX) announced today that it has agreed to acquire a 60%, undivided interest in 500,000 acres of potential Kimberlite mineral property in Saskatchewan, Canada. The property is currently owned by Nevada Minerals Inc., a private company unrelated to CMKM. The property is being developed by a joint venture between Nevada Minerals Inc. and U.S. Canadian Minerals Inc. CMKM will acquire the interest in the property in exchange for 75 billion shares of restricted Rule 144 stock of CMKM. In order to reduce the dilution to CMKM's shareholders as a result of this transaction, Urban Casavant, CMKM's CEO, has agreed to contribute 40 billion shares owned by himself in exchange for an agreement from CMKM stating that Casavant will be paid only if the acquired property actually yields a profit. According to the agreement, Casavant will be paid one-half of the net proceeds from any mining on the property, after paying all associated expenses, up to a maximum aggregate total of US$62 million. CMKM will issue 35 billion new shares of the company to Nevada Minerals Inc. to complete the transaction.

As announced earlier, U.S. Canadian Minerals Inc. recently issued 7.5 million shares of the company's stock to CMKM in exchange for certain mineral rights. Those shares have been issued to CMKM and will be distributed to shareholders of record of CMKM on Aug. 20, 2004. Due to Casavant's share contribution to the property acquisition by CMKM occurring prior to the Aug. 20, 2004, date, Casavant will not receive this or any subsequent dividend.

Casavant stated, "We are delighted to make the acquisition of this property, which is covered by our proprietary Goldak Airbourne surveys. We will be traveling to Saskatchewan in August with executives from U.S. Canadian Minerals Inc. to view the property owned by CMKM with the intent of planning a drilling schedule." The drilling will be performed with Rick Walker and United Carina Resources Corp. (CDNX: UCA), Consolidated Pine Channel Gold Corp. (CDNX: KPG) and Shane Resources Ltd. (CDNX: SEI).

D. Roger Glenn, CMKM's counsel, stated, "I will be traveling to Saskatchewan with the company's management to expand my knowledge of the company and its business in order to facilitate the company becoming fully reporting." www.casavantmining.com

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

posted July 26, 2004 20:17            

quote:

---

Originally posted by will:
Yea, issueed another 35B, just what this stocks needs, more shares lol.

---

Since they had to issue another 35B, does that mean there were no "unused" authorized shares ? (Or whatever the word for that is) In other words, does that mean that all the authorized shares were outstanding?

posted July 26, 2004 20:21            

quote:

---

Originally posted by RaiderJR:

If part are naked and part real you could tell your broker to sell specific cusip numbers to dump the nakeds but then you and they become liable, knowingly selling naked shares.

Ignorance is bliss.

---

Raider, just to clarify, you can't tell the broker to sell "specific" cusip numbers since they are all the same for CMKX.

posted July 26, 2004 20:23            

Lah deeeee dee de deeee ...

Why don't we use this time for a word from our sponsor?

GOT CMKX?

(My apologies to those who posted right before I did. You're smart, too.)

posted July 26, 2004 20:28            

I was asleep, but the clamor of a maddening crowd woke me up! Had to find out what was happening so I could get out of the way of the bulls!!!!! LOL

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

Did I say "bulls"? Meant to say "bull".

posted July 26, 2004 20:29            

quote:

---

Originally posted by Brad:
This should also eliminate the rumor that Roger Glenn is out of the picture. Many have speculated that he wasn't representing CMKM anymore since we haven't heard from him in a PR. This PR shatters that rumor.

---

agree

I found this from others, kind of funny: http://www.rallymonkey.com/video/kenindex.swf

I have new rumor, now we know that Wallace#1 owns CMKX shares - welcome on board....

posted July 26, 2004 20:34            

Now for some analysis...

ASSUMING that our land is as valuable as their land...

60% of 500,000 acres = 300,000 acres for 75 billion shares.

5% of 1,400,000 acres = 70,000 acres for (7.5 million shares from dividend as of aug 20 at $5.20 per share, which is today's closing price) $39,000,000

300,000acres divided by 70,000acres = 4.286

$39,000,000 the price of 5% of our land multiply by 4.286 = $167,154,000

$167,154,000 divided by 75,000,000,000 shares = .0022287 value per share

posted July 26, 2004 20:44            

How many more shares does he own? my guess is a lot more, i hope

posted July 26, 2004 21:30            

CMKX 60% + UCAD 40%

Look more like a merger with every PR's

Coincedence? same headlines

CMKM Diamonds Inc. Acquires Additional Interests in Saskatchewan
Monday July 26, 7:57 pm ET

LAS VEGAS--(BUSINESS WIRE)--July 26, 2004--CMKM Diamonds Inc. (Pink Sheets: CMKX - News) announced today that it has agreed to acquire a 60%, undivided interest in 500,000 acres of potential Kimberlite mineral property in Saskatchewan, Canada. The property is currently owned by Nevada Minerals Inc., a private company unrelated to CMKM. The property is being developed by a joint venture between Nevada Minerals Inc. and U.S. Canadian Minerals Inc. CMKM will acquire the interest in the property in exchange for 75 billion shares of restricted Rule 144 stock of CMKM. In order to reduce the dilution to CMKM's shareholders as a result of this transaction, Urban Casavant, CMKM's CEO, has agreed to contribute 40 billion shares owned by himself in exchange for an agreement from CMKM stating that Casavant will be paid only if the acquired property actually yields a profit. According to the agreement, Casavant will be paid one-half of the net proceeds from any mining on the property, after paying all associated expenses, up to a maximum aggregate total of US$62 million. CMKM will issue 35 billion new shares of the company to Nevada Minerals Inc. to complete the transaction.

U.S. Canadian Minerals Purchases Additional Interests In Saskatchewan
Monday July 19, 7:26 pm ET

posted July 26, 2004 21:37            

quote:

---

Originally posted by HarryHar:
They didn't say anything about authorizing another 35 billion shares, just issuing. So we KNOW that all the authorized are not issued. That's GREAT news!

---

"CMKM will issue 35 billion new shares of the company"

What does "new" mean?

posted July 26, 2004 21:37            

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

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.

The companies he has represented have been in the telecommunications, media, health care, financial services, technology and software industries and have had securities listed on the New York and American stock exchanges and the NASDAQ stock market.

Notable Experience

Roger was involved in the $600 million acquisition by a major telecom company of corporations and limited liability companies holding FCC licenses.
Roger represented another major telecom company in a cash tender offer and the $450 million outstanding high-yield debt of an acquisition target pursuant to a change-of-control indenture provision.
He was instrumental in the acquisition of an Austrian wireless telecom company with $1 billion of assets.
Roger handled the successful takeover of an insurance company by hostile tender offer.
Roger represented a telecom company in the issuance of $200 million in Senior Notes in a PIPE transaction.

Recent Speaking Engagements and Publications

The Going Public Sourcebook,co-author, a guide to the initial public offering process and ongoing reporting and other compliance obligations of a public company published by RR Donnelley Financial.
Corporate Responsibilities of Public Companies in 2003, author, 2003.

Before Edwards & Angell

posted July 26, 2004 22:22            

quote:

---

Originally posted by Wallace#1:
Winsum,

Whatever they are calling the shares being issued for the Nevada interests, they still have to be coming from the authorized and unissued shares. Upon issuance they become issued and outstanding. If the authorized at the time of issuance is 500 bil, then it is a reduction from that 500 bil. However, since there is no information publicly available and because UC + family probably control, they certainly could have authorized more shares...even another 500 bil.

---

I could have sworn I read somewhere that 500 billion was the max. allowable A/S the state of Nevada would allow. How could they possibly have authorized more shares? Another 500 billion? Are you serious? Please back up this bogus claim with FACTS.

posted July 26, 2004 22:25            

I think my confusion stems from not understanding what "authorized shares" are. I picture them as shares locked up in a vault somewhere. The company chooses to release (issue) a certain amount of shares from the vault, which are then the "outstanding shares." Now, if additional shares are released (issued) from the vault, I wouldn't call them "new", since they already existed in the vault.

However, if "authorized shares" is more like a license to print a certain amount of shares, then more shares printed (issued) from that amount could very well be referred to as "new".

"CMKM will issue 35 billion new shares of the company"

posted July 26, 2004 22:27            

"In order to reduce the dilution to CMKM's shareholders as a result of this transaction, Urban Casavant, CMKM's CEO, has agreed to contribute 40 billion shares owned by himself...profit."

Please note the "contribute".

"According to the agreement, Casavant will be paid one half of the net proceeds from any mining on the property...up to a maximum aggregate total of US $62 million.

posted July 26, 2004 22:37            

quote:

---

Originally posted by Wallace#1:

Now that's some contribution on behalf of not diluting shareholders' interests! LMAO
Let's see, 40 billion shares at today's close of .0004 =s $16,000. And all for a tiny potential of $62 million for UC. WOW!!!!! Some contribution...and so as not to dilute shareholders' interests!

---

You should check your calculator Wallace. Mine says that's a $16 million dollar contribution by UC not $16 thousand. And that's at today's closing .0004 which most longs here believe is a way under-priced bargain. Sounds like an unselfish move by UC by my book.

posted July 26, 2004 22:42            

quote:

---

I could have sworn I read somewhere that 500 billion was the max. allowable A/S the state of Nevada would allow. How could they possibly have authorized more shares?

---

posted July 26, 2004 22:51            

quote:

---

Originally posted by Wallace#1:
Winsum,

Were you kidding or did I just confuse you all the more? If I confused, I will try to explain again, and hopefully, more clearly.

---

No, no, no, Wallace. I wasn't kidding. I like how you explained it. The way you said it was just the right way for my brain to conceive it.

My confusion didn't arise because of your explanation, but rather remains in spite of your explanation.