quote:

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Originally posted by joeyisthebest:
New news for CMKX https://us.etrade.com/e/t/invest/Story?ID=STORYID%3Detrade_2004_03_11_eng-etrade_cbs2_market_watch_eng-etrade_cbs2_market_watch_37FC648F-EB4F-4030-B8E0-A0FD40455C1B&provider=Busine ssWire
Could this take the stock to a dollar if they find dimonds?

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I'm long in this and own 40 mil at 0.0001.

I WISH it would go to $1 but with the amount of O/S this stock has (at least 10 billion i would estimate), there's no way this stock will see $1 without a R/S. Sure wish it would though

Press Release Source: CMKM Diamonds Inc.

CMKM Diamonds Inc. Announces That Drilling Has Commenced Two Days Ahead of Schedule in the Fort a la Corne Area
Monday March 15, 9:30 am ET

LAS VEGAS--(BUSINESS WIRE)--March 15, 2004--CMKM Diamonds Inc. (Pink Sheets:CMKX - News) announced today that the company has begun drilling on privately owned land in which CMKM Diamonds Inc. owns the mineral rights.
Urban Casavant, President of CMKM, stated, "We are pleased to have started our drill program two days ahead of schedule. We have secured funding for an aggressive six month drill program and we are drilling on claims which CMKM Diamonds Inc. owns the mineral rights. Equipment has been mobilized and we are drilling at this moment. We are drilling on targets that have the highest probability of a kimberlite find. We would like to thank our thousands of shareholders for their patience."

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

I hope this helps, though some may require a photograph with UC holding a current newspaper taken in front of the drill.

Lets see that pop now!

PAUL

PAUL

PAUL

PAUL

PAUL

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SUBJECT: DSEL's analysis Posted By: cornewatcher
Post Time: 3/15/04 14:44
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Coastal - in my view DSEL's work is spot on - almost too good and I have been working on the assumption that he is an insider with one of the companies that are in the area and that he was worked on the details for them. I suppose the worst outcome from the sampling is that it still leaves us hanging with a valuation and grade projections that leave us in the US$12 to US$15 / tonne mark. That could still leave a margin of between US$3 and US$6 per tonne on half a billion tonnes at 60,000 tpd - or an 8 to 4 year payback. Not enough to commit US$500 million (or thereabouts). Therefore more work to try and get higher confidence in an economic model and no frenzy for the stock. A valuation of less than US$10 per tonne would kill the area for most and let DeBeers cherry pick. A US$20 per tonne valuation would spark a degree of interest in SGF and the mining sector that we haven't seen for a long time (Arequipa?). As I was told at the PDAC - the reason for the last financing was to give some breathing space in case the outcome was either of the first two scenarios.
My own thoughts - I think we will see a C$5 stock price before we see valuations, or a 150% gain from here in less than 6 months helped by some good sized stones from 5 releases on recoveries. Beyond that, I want to believe in something along DSEL's numbers. Just have to be patient.

Is there anything that could happen that might cause your opinions about this stock to change?

It seems that the biggest beef has been that they give a PR about future events that do not come to pass. Well this PR today was not that way. They claim to be drilling today. Two days earlier than expected.

Would it be a violation of law to release a PR that contains outright lies?

I for one do NOT consider a forward looking statement that does not come to pass as a lie. No matter how consistent the record for failure may be. However if they are NOT drilling today, this would clearly be a lie.

You make note in your post that now TWO of you have not found anything.

How large is this area that the drill is to be in?

Have you tried to find it recently or are you refering to the research you did some time back?

If / when proof is found that they are doing what they say they are doing. How do you think the price of the stock might be affected?

I hope all is well with you and look forward to your reply.

PAUL

quote:

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Originally posted by microdaytrader:
SO NOW TWO OF US HAVE NOT FOUND ANYTHING
ROY

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SUBJECT: DSEL's analysis Posted By: cornewatcher
Post Time: 3/15/04 14:44
« Previous Message Next Message »

Coastal - in my view DSEL's work is spot on - almost too good and I have been working on the assumption that he is an insider with one of the companies that are in the area and that he was worked on the details for them. I suppose the worst outcome from the sampling is that it still leaves us hanging with a valuation and grade projections that leave us in the US$12 to US$15 / tonne mark. That could still leave a margin of between US$3 and US$6 per tonne on half a billion tonnes at 60,000 tpd - or an 8 to 4 year payback. Not enough to commit US$500 million (or thereabouts). Therefore more work to try and get higher confidence in an economic model and no frenzy for the stock. A valuation of less than US$10 per tonne would kill the area for most and let DeBeers cherry pick. A US$20 per tonne valuation would spark a degree of interest in SGF and the mining sector that we haven't seen for a long time (Arequipa?). As I was told at the PDAC - the reason for the last financing was to give some breathing space in case the outcome was either of the first two scenarios.
My own thoughts - I think we will see a C$5 stock price before we see valuations, or a 150% gain from here in less than 6 months helped by some good sized stones from 5 releases on recoveries. Beyond that, I want to believe in something along DSEL's numbers. Just have to be patient.

Had a drive around yesterday to see if I could spot the CMKX rigg(sic) - I must have been in the wrong location as I found nothing. Another figment of Urban's imagination?

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But godliness with contentment is great gain.
For we brought nothing into this world, and it is certain we can carry nothing out.

CMKM or CMKX or whatever they call themselves now. I remeber this company when they owned a casino in Biloxi Mississippi five years ago. They were unprofitable then, they were closed soon after and will be the same in months to come.

Odd that they are still trading at .0001 or less after the name change.

Keep going Joey, sooner or later you will get someone to buy your shares of one of the worthless companies you tout.

Why March 22?

PAUL

quote:

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Originally posted by Bart:
Some people can not leave you alone can they Joey. I bet they have never had a loser in their life. They are so perfect. I enjoy the treads that when the stock is up you can not shut them up but when it is down it is like walking thru a grave yard at night. They go and hide under the bed and hope the boggy man want get them. I am in here with you Joey and I do not lose and neither do you. I like it when people like to degrade stocks that they no nothing about. Who laughs last will laugh best. As far as not finding CMKX's drilling area. That is one heck of a large area. Keep looking and you will find them. I got told friday that I was stupid for buying QBID at .0028. I sure was and sold it today at .0034. These same people are always saying the same thing to all of us. CMKX will move on the 22 of Mar.
To show how really stupid I am I will buy QBID back sometime tom. Also, with all the red today CMKX was not red.

[This message has been edited by Bart (edited March 15, 2004).]

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I don't know about this one. I am holding a small position with sell orders in place.

I am an easy touch. I try to believe in people even when things may be obvious that faith and hope should not be wasted on them. This may be one of those times. It is hard enough to trade with fear and greed being so strong in the market. I know I should leave my psycological baggage somewhere else between 9:30 and 4:00!

I hope everyone does well on this one. Though it does seem that there may need to be someone with more credibility issuing the PR's. In marriage, it is not necessary for a problem to be "real" to be a problem. If it is precieved by one party, this is enough to be a problem. It is obvious that there is a huge lack of trust in this relationship (shareholder & leader).

For this to move on something may need to change. Ither the Leader or the shareholders. The problem is that the leader may not be willing to leave. The second problem is that even though the shareholders change. It seems that there are many X's dropping by telling the new shareholders what a poor choice they have made.

Picture the ex-girlfriend dropping by and telling your new love interest what a jerk you use to be. Hard to create an enviroment for a sucessful relationship. It makes the new girl look for the exit door as ASAP. (read SELL ALL HOLDING CMKX .0002)

Ahhh.. what a market.

We need some pictures. Some proof. Though even proof will be accepted by some while being laughed at by others.

(Look a picture of the drill in operation..... That could be taken anywhere this proves nothing!)

I am starting to think this may be a bad investment not because of the stock but, because of the negative garbage that comes even on a day when a good pr is issued.

If you ignore the history, ignore the negative post that beat this stock up. Look at recent events and it seems like a company that is trying to seperate themselves from their past. Deal with shorting. Take steps into the future.

But heh, thats just me. I also don't assume OJ did it. Write letters to those that are about to die on death row and have a GREAT day regardless of the weather.

We may just be better of if the company is trying to do thigs right to just stop talking about it. I don't want the price to jump because I am PUMPING anymore than I want it to stay down or fall because of BASHING. I would like the precieved value of this stock to be greater in the near future than it is today because the company does what is right. Not because they do a PR and I repost it, some new guys read it and think I think it is a great deal.

So here it is. I have a small position. Not selling now. Not buying anymore now. Hope to make money AGAIN on this one. I would not recommend it to a friend right now.

If you are new, do yourself a favor. READ! There is much history on this one.

If you like it BUY it. If you do not, DON'T.

If you ar UC, please do what is right to the best of your ability. DIG DIG DIG. Don't lie. Distance yourself from your mistakes if you can. Step aside if you need to. Stop blowing smoke, just give us some proof of the fire!

PAUL

------------------
But godliness with contentment is great gain.
For we brought nothing into this world, and it is certain we can carry nothing out.

------------------------------------------
There's a form of the securities fraud known as naked short selling that is
becoming very popular and lucrative to the market makers that practice it.
It is known as "Cellar boxing" and it has to do with the fact that the NASD
and the SEC had to arbitrarily set a minimum level at which a stock can
trade. This level was set at $.0001 or one-one hundredth of a penny. This
level is appropriately referred to as "the cellar". This $.0001 level can be
used as a "backstop" for all kinds of market maker and naked short selling
manipulations.

"Cellar boxing" has been one of the security frauds du jour since 1999 when
the market went to a "decimalization" basis. In the pre-decimalization days
the minimum market spread for most stocks was set at 1/8th of a dollar and
the market makers were guaranteed a healthy "spread". Since decimalization
came into effect, those one-eighth of a dollar spreads now are often only a
penny as you can see in Microsoft's quote throughout the day. Where did the
unscrupulous MMs go to make up for all of this lost income? They headed
"south" to the OTCBB and Pink Sheets where the protective effects from naked
short selling like Rule 10-a, and NASD Rules 3350, 3360, and 3370 are
nonexistent.

The unique aspect of needing an arbitrary "cellar" level is that the lowest
possible incremental gain above this cellar level represents a 100% spread
available to MMs making a market in these securities. When compared to the
typical spread in Microsoft of perhaps four-tenths of 1%, this is pretty
tempting territory. In fact, when the market is no bid to $.0001 offer there
is theoretically an infinite spread.

In order to participate in "cellar boxing", the MMs first need to pummel the
price per share down to these levels. The lower they can force the share
price, the larger are the percentage spreads to feed off of. This is easily
done via garden variety naked short selling. In fact if the MM is large
enough and has enough visibility of buy and sell orders as well as order
flow, he can simultaneously be acting as the conduit for the sale of
nonexistent shares through Canadian co-conspiring broker/dealers and their
associates with his right hand at the same time that his left hand is naked
short selling into every buy order that appears through its own proprietary
accounts. The key here is to be a dominant enough of a MM to have visibility
of these buy orders. This is referred to as "broker/dealer internalization"
or naked short selling via "desking" which refers to the market makers
trading desk. While the right hand is busy flooding the victim company's
market with "counterfeit" shares that can be sold at any instant in time the
left hand is nullifying any upward pressure in share price by neutralizing
the demand for the securities. The net effect becomes no demonstrable demand
for shares and a huge oversupply of shares which induces a downward spiral
in share price.

In fact, until the "beefed up" version of Rule 3370 (Affirmative
determination in writing of "borrowability" by settlement date) becomes
effective, U.S. MMs have been "legally" processing naked short sale orders
out of Canada and other offshore locations even though they and the clearing
firms involved knew by history that these shares were in no way going to be
delivered. The question that then begs to be asked is how "the system" can
allow these obviously bogus sell orders to clear and settle. To find the
answer to this one need look no further than to Addendum "C" to the Rules
and Regulations of the NSCC subdivision of the DTCC. This gaping loophole
allows the DTCC, which is basically the 11,000 b/ds and banks that we refer
to as "Wall Street", to borrow shares from those investors naive enough to
hold these shares in "street name" at their brokerage firm. This amounts to
about 95% of us. Theoretically, this "borrow" was designed to allow trades
to clear and settle that involved LEGITIMATE 1 OR 2 DAY delays in delivery.
This "borrow" is done unbeknownst to the investor that purchased the shares
in question and amounts to probably the largest "conflict of interest" known
to mankind. The question becomes would these investors knowingly loan,
without compensation, their shares to those whose intent is to bankrupt
their investment if they knew that the loan process was the key mechanism
needed for the naked short sellers to effect their goal? Another question
that arises is should the investor's b/d who just earned a commission and
therefore owes its client a fiduciary duty of care, be acting as the
intermediary in this loan process keeping in mind that this b/d is being
paid the cash value of the shares being loaned as a means of collateralizing
the loan, all unbeknownst to his client the purchaser.

An interesting phenomenon occurs at these "cellar" levels. Since NASD Rule
3370 allows MMs to legally naked short sell into markets characterized by a
plethora of buy orders at a time when few sell orders are in existence, a MM
can theoretically "legally" sit at the $.0001 level and sell nonexistent
shares all day long because at no bid and $.0001 ask there is obviously a
huge disparity between buy orders and sell orders. What tends to happen is
that every time the share price tries to get off of the cellar floor and
onto the first step of the stairway at $.0001 there is somebody there to
step on the hands of the victim corporation's market.

Once a given micro cap corporation is "boxed in the cellar" it doesn't have
a whole lot of options to climb its way out of the cellar. One obvious
option would be for it to reverse split its way out of the cellar but
history has shown that these are counter-productive as the market
capitalization typically gets hammered and the post split share price level
starts heading back to its original pre-split level.

Another option would be to organize a sustained buying effort and muscle
your way out of the cellar but typically there will, as if by magic, be a
naked short sell order there to meet each and every buy order. Sometimes the
shareholder base can muster up enough buying pressure to put the market at
$.0001 bid and $.0002 offer for a limited amount of time. Later the market
makers will typically pound the $.0001 bids with a blitzkrieg of selling to
wipe out all of the bids and the market goes back to no bid and $.0001
offer. When the weak-kneed shareholders see this a few times they usually
make up their mind to sell their shares the next time that a $.0001 bid
appears and to get the heck out of Dodge. This phenomenon is referred to as
"shaking the tree" for weak-kneed investors and it is very effective.

At times the market will go to $.0001 bid and $.0003 offer. This sets up a
juicy 200% spread for the MMs and tends to dissuade any buyers from reaching
up to the "lofty" level of $.0003. If a $.0002 bid should appear from a MM
not "playing ball" with the unscrupulous MMs, it will be hit so quickly that
Level 2 will never reveal the existence of the bid. The $.0001 bid at $.0003
offer market sets up a "stalemate" wherein market makers can leisurely enjoy
the huge spreads while the victim company slowly dilutes itself to death by
paying the monthly bills with "real" shares sold at incredibly low levels.
Since all of these development-stage corporations have to pay their monthly
bills, time becomes on the side of the naked short sellers.

At times it almost seems that the unscrupulous market makers are not
actively trying to kill the victim corporation but instead want to milk the
situation for as long of a period of time as possible and let the
corporation die a slow death by dilution. The reality is that it is
extremely easy to strip away 99% of a victim company's share price or market
cap and to keep the victim corporation "boxed" in the cellar, but it really
is difficult to kill a corporation especially after management and the
shareholder base have figured out the game that is being played at their
expense.

As the weeks and months go by the market makers make a fortune with these
huge percentage spreads but the net aggregate naked short positions become
astronomical from all of this activity. This leads to some apprehension
amongst the co-conspiring MMs. The predicament they find themselves in is
that they can't even stop naked short selling into every buy order that
appears because if they do the share price will gap and this will put
tremendous pressures on net capital reserves for the MMs and margin
maintenance requirements for the co-conspiring hedge funds and others
operating out of the more than 13,000 naked short selling margin accounts
set up in Canada. And of course covering the naked short position is out of
the question since they can't even stop the day-to-day naked short selling
in the first place and you can't be covering at the same time you continue
to naked short sell.

What typically happens in these situations is that the victim company has to
massively dilute its share structure from the constant paying of the monthly
burn rate with money received from the selling of "real" shares at
artificially low levels. Then the goal of the naked short sellers is to
point out to the investors, usually via paid "Internet bashers", that with
the, let's say, 50 billion shares currently issued and outstanding, that
this lousy company is not worth the $5 million market cap it is trading at,
especially if it is just a shell company whose primary business plan was
wiped out by the naked short sellers' tortuous interference earlier on.

The truth of the matter is that the single biggest asset of these victim
companies often becomes the astronomically large aggregate naked short
position that has accumulated throughout the initial "bear raid" and also
during the "cellar boxing" phase. The goal of the victim company now becomes
to avoid the 3 main goals of the naked short sellers, namely: bankruptcy, a
reverse split, or the forced signing of a death spiral convertible debenture
out of desperation. As long as the victim company can continue to pay the
monthly burn rate, then the game plan becomes to make some of the strategic
moves that hundreds of victim companies have been forced into doing which
includes name changes, CUSIP # changes, cancel/reissue procedures, dividend
distributions, amending of by-laws and Articles of Corporation, etc. Nevada
domiciled companies usually cancel all of their shares in the system, both
real and fake, and force shareholders and their b/ds to PROVE the ownership
of the old "real" shares before they get a new "real" share. Many also file
their civil suits at this time also. This indirect forcing of hundreds of
U.S. micro cap corporations to go through all of these extraneous hoops and
hurdles as a means to survive, whether it be due to regulatory apathy or
lack of resources, is probably one of the biggest black eyes the U.S.
financial systems have ever sustained. In a perfect world it would be the
regulators that periodically audit the "C" and "D" sub-accounts at the DTCC,
the proprietary accounts of the MMs, clearing firms, and Canadian b/ds, and
force the buy-in of counterfeit shares, many of which are hiding behind
altered CUSIP #s, that are detected above the Rule 11830 guidelines for
allowable "failed deliveries" of one half of 1% of the shares issued. U.S.
micro cap corporations should not have to periodically "purge" their share
structure of counterfeit electronic book entries but if the regulators will
not do it then management has a fiduciary duty to do it.

A lot of management teams become overwhelmed with grief and guilt in regards
to the huge increase in the number of shares issued and outstanding that
have accumulated during their "watch". The truth however is that as long as
management made the proper corporate governance moves throughout this ordeal
then a huge number of resultant shares issued and outstanding is unavoidable
and often indicative of an astronomically high naked short position and is
nothing to be ashamed of. These massive naked short positions need to be
looked upon as huge assets that need to be developed. Hopefully the
regulators will come to grips with the reality of naked short selling and
tactics like "Cellar boxing" and quickly address this fraud that has
decimated thousands of U.S. micro cap corporations and the tens of millions
of U.S. investors therein.
---------------------------------------------

Look at a weekly line chart for the last year.

Apr 03 .0003
May 03 .0002
Jun 03 .0004
Jul 03 .0003
Aug 03 .0002
Sep 03 no pop
Oct 03 .0002
Nov 03 no pop
Dec 03 .0002
Jan 04 no pop
Feb 04 .0002
Mar 04 .0002

I do not know if those pops on the chart are rounded up. (.00016 = .0002 on the chart)

I do know that I sold for .0002 on a recent .0003 pop that does not even show up on the chart as .0003. It closed at .0002 during this time. I do know that my average cost on the shares I sold was .00013 including commission. I do know I made money.

I think I will again.

100.00 @ .0001 = 1,000,000 shares
I pay 10.99 commission
sell 1,000,000 @ .0002 = 200.00
I have had 110.99 tied up in this buy order.
Sold for 200.00. Profit = 78.02

Profit 70.29% of the 110.99 tied up.

I do not dispute any thing you are saying about his company. I do not not know what you are saying to be fact. I assume it is. I am not questioning your honesty.

However this is the way I am playing it.

I hope I am right.

I consider myself warned.

For the record, I do not recommend this stock. There are too many people that trade far better than I do that think this is a bad play. I just respectfully dis-agree on this one.

PAUL

quote:

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Originally posted by DiQuiRiesco:
A year......A FRIGGEN YEAR. This damn company has bee .0001 for a year. What many of you do not understand is I knew this company when they owned a casino in Biloxi Mississippi many years ago. They were worthless then, they are worthless now. If they were truly the victim of market maker maniputalion they would be involved in a multi billion dollar civil action suit....ARE THEY??? no.

Look guys I am not a "basher" I am in fact a guy who knows something about the company itself. I know about the family that is the company.
I'm not telling you to sell, I'm just saying someone told you so.

---

PUAL

quote:

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Originally posted by BB:
Paul, you will also have to pay a capital gains tax. Probably 30 something %. I know my tax bracket is 37% if I don't hold for one yr. and a day. Then I would only pay 20.3%. But you're still making money though and that's the name of the game.

BB

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------------------
But godliness with contentment is great gain.
For we brought nothing into this world, and it is certain we can carry nothing out.