Marleys Post was in need of it's own thread.
Good Luck Longs,
Jon

Here it is:

THIS IS JUST MY OPINION, and you certainly don't need to believe it, but I've mentioned it before on this board. I think a very low outstanding is certainly a possibility. I'm not a pumper, I'm a CPA who has worked in the financial/business world for many years. I was an auditor for many years, so I have a tendency to be skeptical. But this is the best upside potential I have ever seen with the smallest downside risk. I am willing to take this chance in a big way. The amount I have learned from other CMKX posters on various boards is worth a lot to me. So whatever happens, I won't feel like I've lost.

I have worked with many small business owners who work so hard to make it. They work so hard and often fail because of things outside their control. When they can smell victory, they know they were the ones who always believed in themselves, they had been doubted by so many others. Most of the time they did most of the work and don't feel they owe anything to others, except those who believed in them (longs). I am very strong on my feelings toward CMKX. To me, like many others have said, it appears it could be a chance of a lifetime. But this is my opinion and I'm glad Sterling is proposing an outstanding that I think is VERY POSSIBLE.

I agree with Sterling's analysis. I think there is a good chance the outstanding is very low. I also think UC KNOWS he's got something really big in CMKX, maybe far more than we could currently imagine. I think we all agree he could not have gotten Glenn unless he had something really special, and I don't think he needed Glenn, specifically, if he didn't have a fight to settle with the MM's (SEC Connections).

First of all, I believe UC found out he had some exceptional property with a lot of value. Nothing official, just based upon some confidential outside expertise that wasn't reported to the public. Then he realized he needed to get back his shares so he could get as much of the ownership as possible. Why give away millions/billions of dollars when you can buy your shares (potentially worth more than $1) back for .0001 or less. He knew his shares were ridiculously underpriced. He did all the work. Why should he give away millions of dollars. If the outstanding was 30 billion, all he needed was $3 million or less to buy it all back if the price stayed at .0001 or less. (Even today, assuming UC's property has the value, if UC wants to screw the naked shorters, why not borrow enough money to buy enough shares to get the outstanding down really low, since the price is only .0005. He knows the value of his property. They seem more than willing to keep shorting the stock. They're not playing fair. Buy the shares down to near zero and wait for the valuation.
The naked shorters will be screwed.)

Some people have posted that he comes from money, so if this is true, I think he could get that kind of money. Especially, if he had something potentially worth billions. When he started retiring shares at the end of 2003, he may have been trying to buy back the outstanding to zero so he would have total control of his dream. I know some people on this board disagreed with me on a previous post when I used share buy-back and retirement interchangably, but the only way I know to retire shares is to buy them and retire them. In any case, this is the usual way to retire them. Where else are they going to come from? To an owner who has all the stock, it doesn't matter if the outstanding is a billion shares or a 100 shares. They're all his. So I believe he may have kept buying the outstanding until he reached a point where he was real close to eliminating the outstanding and his shares were still being traded in the billions. This got him very angry and he new he needed big time help to deal with this.

He could document this and show it to Glenn. It is not hard to get all your filings and sales of stock and then get all your purchases together on a spreadsheet and give Glenn a copy of your spreadsheet along with the supporting documents and go meet with him. Take your CFO or outside accountant along for credibility. Unless he went to Glenn with a pretty locked up argument, I don't think Glenn would take the case on. UC also was able to communicate with Glenn about the value of his property, or Glenn probably wouldn't have taken on the job either. What would be the sense of taking on a potentially historic battle fighting the MM's for a valueless company. Not too likely.

As time passed UC had more info on the value of his property to obtain additional funding so I don't think he needed to sell more stock. I think he is keeping a low profile with press release information because he knows the MM's will keep shorting his stock and the price will not move as it should. I have watched level 2 for several weeks now and I know that everyday there are way more buyers of the stock than sellers, so why shouldn't the price go up. Instead, it goes down. When the price went down from .0010 to .0005 after the so called "negative" press release. I watched level 2 almost that entire day, and there was no reason, based upon supply and demand, that the price should have gone down at all. Some days it looks like on level 2 sales at the ask price outnumber sales at the bid price by10 or more to 1. Look at level 2 today, the first 80 or so sales were at .0005 and most have been at that price. Why hasn't the price gone up? What is the sense of issuing significant press releases into that?

My guess is Glenn was hired to orchestrate the whole process so the owners would get fair value for their investment and the MM's/shorters would pay for their past deeds.

I think everyone should hold their shares because it appears this info will be released soon. Please understand that an attorney like Glenn will make sure his i's are dotted and t's are crossed so delays and changes to timeframes are likely. This may be why some of the so called important dates have gone by without significant events. Glenn may be slowing things down because he wants things done a certain way. I believe you can already see some of Glenn's influence in the recent press release. The press release about the arial survey was better written and included a statement that buildings and equipment were considered in determining the number of anomalies. He was trying to to answer critics before they could ask the most likely questions. Don't get frustrated and sell before something big happens.

How many shares outstanding are there? I'm not sure and I don't know if it is final yet. I would think UC is meeting with Glenn to determine what the appropriate outstanding should be. At their level of financing, I think it is easy for them to change the outstanding to whatever they want it to be. Especially, if they have bought it down or close to zero. UC may have to sell shares to get the outstanding where he wants it. I loved Sterling's post, that UC could make the outstanding 1 share or any other number, because it should have put the naked shorters on notice. I think UC and Glenn will arrive at an estimated likely value for the company, and determine an outstanding that would put the per share price at a level that will punish the naked shorters but will not create such a hardship that paying up would be impossible. Certain naked shorters will be punished more severely. As Driller has said recently, this is a form of war!

That is my guess on what has occurred. I believe I am only connecting the dots, reading between the lines, and filling in the blanks. I'm sure there is much more to this than I am stating, but I think my guess is not too far off.

I very much doubt this is a scam because Mr. Glenn would have had to look at some pretty strong information before he risked his reputation. If we are getting scammed, so is he, and he is smarter and has access to more resources than we do. If it's not a scam, it seems it can only be a winner.

Wish you all good luck with your own theories and I believe you should do your own due diligence and come up with your own theory as to what's going on. Then decide what to do. Just don't spend the rent money because there is always a chance things will not work out until you see the price climb. I just bought 6 million more shares at .0005. I've been buying since December 2002, and I haven't sold a share yet. I am more confident now in CMKX than I ever have been before.

I hope you find this worthwhile.

John
Logged

The authorized number of shares of our common stock and the par value of
our common stock under our articles of incorporation would remain the same
following the effective time of the reverse split.

Issued shares do not equal the float. Many shares are deducted from the issued and outstanding shares to determine the float.

Look at it this way. Hallmark Cards is a corporation with issued and outstanding shares. It is also a private company, since all the shares are owned by insiders in one form or another. There is no float whatsoever.

People on the boards have been mistaken often when using the term "float", and have tried to use it to define some mythical figure which is between what investors hold and the O/S. A number which because it is so fluid is near impossible to calculate let alone analyze.

Float = O/S - Shares held by insiders. http://www.moneychimp.com/glossary/float.htm
http://www.investordictionary.com/finance/dictionary/definition.aspx?def=216
http://www.winninginvesting.com/stock_market_glossary.htm#F

CMKM Diamonds Inc. Message Board Now Available
ChristianTraders steps in to provide a forum for CMKX shareholders.

(PRWEB) June 23, 2004 -- Thousand of CMKX shareholders were suddenly left without a message board Friday June 18th. The company was required to take such action due to abuse of the service by users. It is unfortunate that the actions of a few, can have such a negative effect on so many.

Not as a company representative, but as a concerned shareholder, ChristianTraders has added a CMKX message board to it's website for the benefit of all shareholders.

The message board is located at http://www.christiantraders.com or you can go directly to the message board at http://christiantrader.proboards28.com

ChristianTraders is designed for the investor that recognizes Jesus Christ is Lord, not money. A daily newsletter is available with both Christian and Financial commentary along with a number of message boards including AZCO Mining - AZMN, Desert Health Products - DHPI, and Dale Jarret's Racing Adventure - DJRT. The message boards are a new service recently added by ChristianTraders.
http://christiantrader.proboards28.com/

CMKM DIAMONDS, INC. (Pink Sheets: CMKX) - A FAMILIAR DRILL
June 25, 2004

The volume has been deafening, and a bit odd. On Tuesday June 22, 2004, investors traded 3,262,736,128 shares of CMKM Diamonds, Inc. (Pink Sheets: CMKX). It was a record trading day for the Company, but hardly the first time billions of shares of CMKM have changed hands.

Just one day earlier, on Monday, June 21, 2004 investors traded more than 2 billion shares of CMKM - 2,147,483,600 shares according to available reports. The previous trading day, June 18, 2004, CMKM reportedly traded exactly the same number of common shares - 2,147,483,600. On those two days, the second ranking Pink Sheet stocks, in terms of volume, traded just over 200,000 and 100,000 shares, respectively. That is quite a gap.

To make matters even more puzzling, the historical trading records available on the Investors Hub website indicate that CMKM also traded 2,147,483,600 shares on each of the following dates within the last month: May 25th, June 1st, June 4th, June 7th, June 9th, June 16th and June 17th. What are the chances of that happening? David Duval was a better bet to win the US Open.

As we discovered, that recurring number is more likely the product of technical limitations than coincidence. Trading volume of 2,147,483,600 shares a day is the optimum number that reporting systems can post in the historical records available online. But while that may explain the odd repetition, it also opens the possibility that daily trading was well in excess of 2,147,483,600 on those days.

The overwhelming interest in CMKM stock is even more remarkable since it does not appear that any single brokerage firm has been driving the process. No firm has filed a Form 15c-211 to be listed as a market maker for that stock on the Pink Sheets.

While the share price for CMKM, .0006, remains microscopic, the trading volume is nonetheless noteworthy. Investors - albeit collectively - have been willing to spend almost $1.3 million a day to buy shares of CMKM, and on June 22nd they upped the ante to almost $2 million.

And billion share volume is hardly an aberration for CMKM. In recent weeks, daily trading volume for CMKM stock has repeatedly exceeded 1 billion shares. It signifies heady enthusiasm for a Company that does not file regular reports with the Securities and Exchange Commission, and whose financial condition remains a mystery.

So why are investors flocking to buy - and sell - billions of CMKM shares? They may just be searching for diamonds in the dark.

Mining in the Dark

For over a year, investors have not been privy to verifiable information concerning CMKM, its existing business, its financial status, its corporate structure, its management team, or its immediate and long-term prospects. In the absence of public filings, those details are largely unavailable. Indeed, the minimal information available about CMKM has come principally from press releases and the corporate website.

What can investors learn about CMKM's business? Far too little. CMKM's website describes it as a "new company involved in the exploration for diamonds in the Canadian province of Saskatchewan." How new? The Company, which used to be called Casavant Mining Kimberlite International, Inc. was incorporated in Nevada on April 18, 2002.

CMKM says that it holds mineral claims to more than 1.4 million acres in the Fort á la Corne area of Saskatchewan. While the Company suggests that diamonds have been discovered in Saskatchewan in general, and Fort á la Corne in particular, there is nothing to indicate that CMKM has uncovered a source of diamonds that justifies the current level of interest in its common stock.

Indeed, while CMKM recently announced the discovery of minerals that were "positive" for "diamond content," the Company has not offered any expert analysis that would indicate that there is any likelihood this will lead to the discovery of marketable diamonds.

In other words, there is no sign that this Company is, or will soon become, a revenue producing business.

The mystery surrounding CMKM emanates largely from its decision to cease providing audited financial information to shareholders and potential investors. The Company stopped filing public reports in July 2003, shortly after it failed to file its Form 10-Q report for the quarter ended March 31, 2003. On May 16, 2003, CMKM advised the SEC that the March 31st report would be filed late (but no more than five days late) because it needed "further time" to prepare financial statements. Late turned out to be never.

In the absence of current financial statements, there is no simple way for investors to determine the assets, liabilities, revenues or expenses of CMKM - or even the number of outstanding shares. Some details about CMKM, at least circa early 2003, can be culled from an "Information Statement" filed by the Company with the SEC on February 3, 2003. That Information Statement offers modest insight into CMKM's very brief history as a public company engaged in mineral exploration.

Prior to November 25, 2002, the entity now known as CMKM was involved in a completely different enterprise. The Company, which was then called Cyber Mark International, Inc., had been in the electronic game business, although without appreciable success. According to its Form 10-Q for the quarter ended September 30, 2002, Cyber Mark's assets consisted of $344 in cash. There were no operating revenues. At the time the Company had approximately 352 million shares outstanding. The balance sheet was dismal - but at least there was a financial statement for investors to review.

On the other hand, the value of Casavant at that time (and CMKM at the present) seems to be a matter of some conjecture. The Company did not file any financial reports for Casavant, either at the time of the merger or subsequently. Consequently, investors must rely upon fragmentary information in the "Information Statement," which asserts that the Casavant mineral claims were valued at $10 million "in situ" at the time of the merger, not including pre-merger expenses of $3 million. It did not say how Casavant arrived at that valuation.

The number of outstanding shares increased exponentially soon after the merger. As of January 15, 2003, more than 7.2 billion common shares were outstanding. In order to accommodate the twenty-fold increase in outstanding shares in the months immediately following the merger, the Company increased its authorized common stock from 500 million to 10 billion shares.

Most of that stock - almost 7 billion shares or 85.8% of the outstanding stock - was purportedly held by individuals, corporations and trusts who acquired their interests "in consideration of $2,000,000 in cash and the forbearance of monies due them for loans and services rendered in connection with the Casavant Mineral Claims and their assignment to the Company."

The Information Statement did not provide a specific breakdown between the amount of cash paid and the value of services rendered in exchange for the shares. It did state that none of those shareholders controlled more than 4.9% of the Company's stock - meaning that they fell short of the 5% threshold that would have required their identities to be disclosed. In this case, however, the Information Statement suggested that information about those shareholders would be revealed. It was not.

Another 770 million shares were held by CMKM's President Urban Casavant and members of his family.

According to the Information Statement, the Casavant family, and the unidentified shareholders who owned 85.8% of the Company's shares, all voted in favor of the amendments increasing the authorized shares. But how was that possible since most of their shares could not have been issued until after the amendment was approved? After all, only 500 million shares were authorized when the merger was completed, and 352 million of them had already been issued before Casavant entered the picture.

Before the Company dropped the curtain on its public filings, it revealed one other stock issuance. On May 2, 2003, the Company filed a Form S-8 Registration Statement covering more than 1 billion shares that had been issued to two consultants.

It also filed a Form 8-K on April 25, 2003, indicating that the Company's President, Urban Casavant, had agreed not to sell, pledge or otherwise dispose of his 600 million shares of CMKM stock for three years. Presumably, that eliminates Mr. Casavant as one of the parties contributing to the recent sale volume for CMKM - unless, of course, that agreement was subsequently amended or revoked.

Unfortunately, these dated details do not reveal how many shares of CMKM are outstanding today, or even how many shares are presently authorized. Has the Company increased its authorized capital beyond 10 billion shares? It would seem likely that the answer to that question is yes.

According to information available from the Pink Sheets, CMKM split its common shares 2 for 1 on September 12, 2003. Based upon the most recent figures cited by CMKM in a public filing (7.2 billion shares issued as of January 15, 2003) there would have been at least 14.4 billion shares outstanding after the stock split.

And, again according to the Pink Sheets, there was more. On September 19, 2003, one week after the stock split, the Company issued a dividend of one additional share for each share held as of that date. In other words, at least 28.8 billion shares would have been outstanding - more than double the 10 billion shares authorized in early 2003.

To make matters even more confusing, on October 10, 2003 the Company issued a press release announcing the retirement of 9,020,371,427 shares. Then, on November 6th, the Company declared that it had retired more than 20 billion shares - more than double the number of shares that had been authorized in February 2003.

So just how many shares of CMKM are floating around? Without public filings there is just no way to be certain.

News, Yes. But Newsworthy?

In the absence of public filings, information on CMKM has come via a series of press releases. Unfortunately, those press releases reveal little information that would demonstrate the viability of CMKM's business or the value of its stock.

CMKM has regularly relied upon press releases to spread snippets of news, as it did when it revealed that billions of shares had been surrendered to the Company's treasury. Those late 2003 press releases also suggested that drilling in search of diamonds was imminent, but gave no sign that it actually had commenced.

In early 2004, the Company began to issue press releases with even greater regularity - but offered little useful information for investors trying to assess the value of CMKM. Consider the following:

On February 26, 2004 the Company issued a press release announcing that it would participate, together with several other U.S. and Canadian public companies, in an airborne survey of the Fort á la Corne Canadian kimberlite fields.
The survey, according to CMKM's President, Urban Casavant, would "identify known as well as search for new potential kimberlite pipes within our claims."
What does this mean? Kimberlite occurs in "kimberlite pipes," vertical columns of rock that rise from below the earth's surface and sometimes contain diamonds. Sometime, but not always. And while the Company's press release states that another survey in the Fort á la Corne area produced "outstanding known results," it conceded that "[t]here is no guarantee, however, that the survey will identify any kimberlite or kimberlite pipes." Even if it did, the Company cautioned "there is no guarantee that any such kimberlite pipes will contain any diamonds."
And the Company might have gone on to say - but did not - even the presence of diamond "content" does not guarantee the existence of marketable diamonds.

The next two press releases, on March 2nd and 9th, revealed the Company's plan to change its trading symbol from CMKM to CMKX - hardly the sort of news that would create interest among thoughtful investors.

The next press release, issued on March 11th, announced plans to begin drilling on privately owned land where CMKM owned mineral rights. While the Company promised to provide a live video stream of the drilling, it acknowledged that there was no guarantee that the exploration or drilling would result in any economic benefit.

If the March 11th press release offered little meaningful information, the next press release, issued on March 13th, provided even less. On March 13th the Company declared that it had begun its drilling "two days ahead of schedule," targeting areas with the "highest probability of a kimberlite find." The Company did not say how it had identified those target areas. Once again, however, it reminded the public that there was no guarantee that the project would produce anything of economic value to the Company.
The March 13th press release also stated that CMKM had secured funding for "an aggressive six month drill program." It did not reveal the amount of that funding, how it had been obtained, or its terms. Consequently, shareholders and investors were once again left without significant details that might indicate the Company's financial condition.

A press release with the next drilling update appeared on March 18th. The Company stated that its exploration and drilling program was proceeding as planned, that drilling on one "target hole" had reached sufficient depth, and that samples would be analyzed. It also disclosed that CMKM had purchased certain drilling equipment, although neither the cost of that equipment nor the source of funds were revealed. The Company promised to drill more holes, but still, there was no sign that CMKM had discovered any marketable diamonds or produced any alternative source of revenue.

On March 22nd, the Company issued a press release announcing that it had acquired a 25% interest in twenty-seven mining claims for consideration of $50,000. The Company promised that $200,000 (Canadian) would be spent to develop the property over the next year, but did not specify how those funds would be raised. Once again, there was no indication that the claims had, or were likely to, produce any meaningful quantity of marketable diamonds or other valuable minerals.

The onslaught of minimally informative press releases continued the next day, March 23rd, with an announcement that video footage of the Company's drilling was now available on the corporate website.

Shortly after 11:00 am on March 29th, the Company issued a press release announcing that kimberlite ore had been discovered on property located in Saskatchewan and jointly owned by CMKM and three other companies. The Company, which said the discovery would be named "The Carolyn Pipe," after the wife of CMKM's President Urban Casavant, noted that it was "too early for specifics on the mineral content and/or the possibility of diamonds," but claimed that the preliminary test was very encouraging and noted that "the kimberlite pipe is consistent with other diamondiferous kimberlite bodies located in close proximity."

Later that day, the Company issued a press release "updating" progress on The Carolyn Pipe. What merited the intra-day bulletin? The Company said that its drilling was well past 600 feet, and still in kimberlite ore.

The following day the Company continued what was beginning to seem like its foot-by-foot progress reports. The March 30th press release declared that drilling had passed 900 feet and was still in kimberlite ore.

Then there was silence. After the frenzy of press releases issued between February 26th and March 30th, the Company stopped issuing reports for almost two months. When it resumed, there was more news on The Carolyn Pipe.

A May 27th press release stated that the Company had completed its first phase of drilling at The Carolyn Pipe, having drilled five holes, four of which intersected kimberlite. The Company said that samples from two holes had been sent to an independent laboratory for analysis.
The press release addressed some of CMKM's other pending plans. The company revealed that plans to drill on its "Green Lake" claims would be delayed because of the potential difficulty of drilling through ice. It also said that its aerial survey of the Fort á la Corne area was continuing.

On June 10th, the Company announced that the independent laboratory, identified as Saskatchewan Research Council, had reported that samples from The Carolyn Pipe were "positive" for diamond content. The press release did not elaborate on those findings or offer any comment on the value or potential marketability of the diamond content, but again warned that there is no guarantee of an economic benefit to the Company.

The Company did not say that while the presence of "diamond content" may well be a promising sign, it does not in itself signify the value of the claim. It did, however, note - once again - that "[t]here is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company."

Between February 26, 2004 and June 11, 2004, CMKM had issued eleven press releases noting its exploration efforts, but had not revealed facts that would establish the viability of the Company, its financial condition, or the potential value of its claims.

The Company recently issued another press release worth noting. On June 3, 2004, the Company addressed an issue that had remained on the backburner for almost six months.

On December 8, 2003, CMKM had announced its intention to spin-off its subsidiary, Casavant Mining International (CSI) as a separate public company. At the time, CSI apparently was involved in mining for zinc deposits. On December 19th, CMKM provided some details of the potential spin-off, saying that it would involve a share exchange with Mirador Corporation, a company trading on the Pink Sheets.

We found no further mention of the proposed spin-off until June 3, 2004, when CMKM issued a press release stating that the Mirador transaction had been abandoned because the Company wanted to focus on its diamond drilling program. The press release also indicated that CMKM planned to change its transfer agent, although it offered no explanation for the switch.

These press releases kept CMKM in the public eye, but provided only a modicum of information, and no financial details to guide investors or comfort shareholders. Is that about to change? On June 4, 2004, the Company announced that it had retained a securities law firm and planned "to begin the process of bringing the company into full compliance in order to be fully reporting." A second press release later that day disclosed the name of the law firm, Edwards & Angell. A third announcement, on June 16th, said that the lawyers had begun to work on "securities and corporate issues faced by the company."

Exactly what "issues" does the Company face? Like so many details concerning CMKM, that remains a mystery. The June 16th press release quoted the Company's new attorney, Roger Glenn of Edwards & Angell, who stated that "[w]e have been retained by the company to resolve the problems it has been facing, and we expect to devote significant efforts immediately toward that goal. The company has advised us that it is dedicated to complying fully with all requirements on it, and we are pleased to act as counsel to it on that basis."

The press release did not enumerate those "problems."

Public filings, if they do resume, could clarify all of these "issues," and provide verifiable details of The Carolyn Pipe "diamond content" discovery. Until that happens, it is difficult to understand why investors would want to jump aboard the daily billion share volume train.

©2004 Stock Patrol.com. All rights reserved.

Source: http://www.stockpatrol.com/schlock/doghouse/u_cmkm.html

June 29, 2004

LAS VEGAS, Jun 29, 2004 (BUSINESS WIRE) --

CMKM Diamonds, Inc., (Pink Sheets:CMKX) Announced today that it has engaged a new transfer agent -- Pacific Stock Transfer Company , 500 E Warm Springs Road, Suite 240, Las Vegas, Nv. 89119 phone 702-361-3033. D. Roger Glenn of Edwards & Angell, attorneys for CMKM Diamonds, Inc. said "The Company is proud to announce this relationship with Pacific Stock Transfer .It has a fine reputation as a transfer agent, and the Company is looking forward to working with it in the future. The Company is confident that Pacific Stock Transfer will process transactions in the Company's stock accurately and quickly.

To view further company updates, you can go to our website located at http://www.casavantmining.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.

SOURCE: CMKM Diamonds, Inc.

CMKM Diamonds, Inc. Melvin O'Neil, 306-752-3755 or 877-752-3755 fax: 306-752-3754 ipr@sasktel.net http://www.casavantmining.com

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.

quote:

---

Originally posted by Wallace#1:
Suggest you all go back and review that post by an atty about Edwards & Angell and how many so-called experts in that office where Glen practices. Edwards & Angell is not considered a Wall Street firm...specialty is basically insurance if I remember correctly.

---

You know I truly wish you all the luck in the world! You can be tough but underneath, there's a lot of sugar..."sweetie pie".

Re the ribs and tempura...any time you get near my neck of the woods, let me know. You got it!!

Here's one for you. Re the release on 6/16/02 -- Roger Glen. Part of his statement said, "The company has advised us that it is dedicated to complying with all requirements on it, and we are pleased to act as counsel to it on that basis."

As a pink sheet listed company, there are few if any "requirements" on it. They even stopped SEC filings. If counsel is acting on that basis (that is, "requirements on it"), then I must suggest that they are doing little or nothing. What do you think?

[This message has been edited by Wallace#1 (edited June 29, 2004).]

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CMKM Diamonds, Inc. Announces New Transfer Agent
6/29/2004 9:56:00 PM

LAS VEGAS, Jun 29, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc., (Pink Sheets:CMKX) Announced today that it has engaged a new transfer agent -- Pacific Stock Transfer Company , 500 E Warm Springs Road, Suite 240, Las Vegas, Nv. 89119 phone 702-361-3033. D. Roger Glenn of Edwards & Angell, attorneys for CMKM Diamonds, Inc. said "The Company is proud to announce this relationship with Pacific Stock Transfer .It has a fine reputation as a transfer agent, and the Company is looking forward to working with it in the future. The Company is confident that Pacific Stock Transfer will process transactions in the Company's stock accurately and quickly.

To view further company updates, you can go to our website located at http://www.casavantmining.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.

SOURCE: CMKM Diamonds, Inc.

CMKM Diamonds, Inc.
Melvin O'Neil, 306-752-3755 or 877-752-3755
fax: 306-752-3754
ipr@sasktel.net http://www.casavantmining.com

quote:

---

Originally posted by noahltl:
Thread was nearing full. With next week being anticipated as a very active week, thought we should get started with a new thread. Bashers can use up what is left of the old one. Pumpers aren't much needed here either, because everyone is already pumped on this stock. Opinion is valued, but opinion without substance or support is a waste of our time and thread space. Let's take a professional view toward this stock this week, stop the bickering and bashing, and clearly analyze what is going on with our investment.

---

MY TAKE ON TONIGHT'S PR.

Second quote from Roger Glenn in a PR in 2 weeks. In fact, the entire bulk of this PR is Roger Glenn. One thing I feel very confident in is that the top securities partner in the NY office of a firm like Edwards Angell is not a promoter or a pumper. And the fact that he is here twice in two weeks being quoted in their press releases is very, very important IMHO. I have said before that everything hinges on the share count (and valuation but share count is primary given that it relates to valuation AND the short position which must first be eliminated). This is the final warning shot. A quote from the lawyer that our transfer agent is good and ready. Doesn't mean the final count has been tallied and is yet verified but my personal interpretation is we are getting exceptionally close to it.

I'm tellin' ya. Lawyers at this level don't mess around. This PR wasn't meant to promote or appease shareholders. I interpret it as the final warning before the share count is released and IMO it becomes obvious to the whole world that we have had the living bejeezus shorted out of us.

Interpret it however you want. My translation is "Gentlemen, on your marks ...."

Z

As always, these are my personal opinions.

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With the audit done, Global takes over and the MM's are put on notice. PR on share count could be out anytime. It would be great to know before the long weekend coming.

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Glad that only Cnd markets are closed on Thursday. Interesting play is now unwinding, I guess the truth will be out soon. Good luck to all of you.