Oh,you like rules now Wally, here's one.

C. Rule 15c2-11 is a proper response to the increased problem of fraud.

sarki is just way out in left field. I doubt if he could suck anyone in (????). Others, however have certainly done so and that, I agree, is very sad.

highwaychild,

Read those releases carefully.

The one for USCA (formerly UCAD) says nothing about the split but specifically states the other reasons.

What you posted just confirms what I previously posted as follows:

Currently, Rule 15c2-11 requires broker-dealers to obtain certain data about an is-suer before publishing price quotes related to the issuer's securities on any quotation me-dium besides a national securities exchange or NASDAQ. The rule is intended to discourage fraud and manipulation among equities issuers by establishing broker-dealers as a checkpoint to catch issuer misinformation. Under the SEC's proposed amendments to the rule, broker-dealers would not only be required to obtain such data, but to review and deliver it to anyone who requests it.

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Basically, it is saying that brokers must now act as a "checkpoint" against fraud, manipulation and misrepresentation by "equities issuers" (such as USCA, CMKX and other companies. Brokers in this sense do not "issue" equities (securities, stocks, debentures, etc.), they only trade them.

I do remember that release about a halt back some time ago, but don't remember when it was.

This MAY be the answer as to why you have not received your split shares:

THE DIRECTOR HEREBY ORDERS:
1. Pursuant to clause 134(1)(d) of the Act that trading in all securities by and of
The Respondents cease forthwith up to and including November 9, 2004

January 21, 2004 08:02

Casavant Mining Kimberlite International Announces Purchase of Drill Rigg, Accessories, Extra Equipment for Drilling
Company Signs One Year Contract With Experienced Drill Foreman to Oversee Drill Operation Program - Commits to Drilling Numerous Holes in Search Of Kimberlite Pipes in the Forte a la Corne Area and Green Lake Area

LAS VEGAS, Jan 21, 2004 /PRNewswire-FirstCall via COMTEX/ -- Casavant Mining Kimberlite International (Pink Sheets: CMKM) announced today that the company has purchased its own Drill Rigg and all equipment necessary to drill for diamonds. The company has also purchased secure warehouse facilities and living quarters for company drillers to work around the clock. In addition Security Fencing has been ordered for the protection of the facilities.

Urban Casavant President of CMKM stated, "Now that we have purchased our own Drill Rigg, the company is in a position to drill numerous holes at a reduced cost. This gives us a tremendous advantage in speeding the process of finding diamonds. We are excited to finally move forward with the drilling process, and now have our own drilling facilities to support the program and secure our core drillings for lab analysis."

Drill equipment is being immobilized immediately to facilities in preparation for drilling first target. The company approximates drill permits to be approved by the end of the month and drilling to commence.

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

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statement, other than the statements of historical facts may be deemed to contain forward looking statements with respect to events, the occurrence of which involves risk 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 Casavant Mining Kimberlite International

12/2/2002...Announces Purchase Bid for Latest Model Truck Mounted Drilling Rig with Diamond Exploration Schedule
Last Updated: 1:52 AM ET 12/2/2002
LAS VEGAS, Dec 2, 2002 (BUSINESS WIRE) -- Casavant Mining Kimberlite International Inc. (CMKI ) announced today that it was bidding for the latest model truck mounted drilling rig. The Company intends on purchasing the drilling rig following design and maintenance approval by the drill team project manager. The drilling rig and all related equipment (i.e. water truck, water tank, 3000 feet drilling capacity, onsite geologist office and living camp) will be relocated "turn-key" to the Company's mineral claims which are located in proximity to the Fort a la Corne diamond fields in Saskatchewan, Canada. For the past 10 years, the Fort a la Corne diamond fields have been the subject of joint exploration by De Beers Canada Exploration, Inc., Kennsington Resources Ltd., Cameco Corporation and UEM, Inc. To date, over $20 million (USD) has been spent testing 71 kimberlite bodies which have been described as world class diamondiferous kimberlite pipes. The Company will use the latest in airborne and surface technologies to test for both magnetic and non-magnetic diamondiferous kimberlite fields using proprietary software. During this phase of exploration, the Company will identify those drill sites which evidence the best profile for diamondiferous kimberlite pipes. With over a 1,000,000 acres of claims, the Company will be able to minimize exploration costs while maximizing exploration results through the use of this state of the art technology. The new drilling rig will be used by the Company to test core samples in the diamondiferous kimberlite bodies evidencing the best software enhanced profiles. The core samples take anywhere from 3 to 5 drilling days to complete per hole depending upon set-up time and overburden thickness. The Company's claims are accessible by secondary roads but some rough-cut access routes will be necessary at more remote sites. The depth of drilling will vary depending on overburden thickness with 250 to 350 feet being the norm in order to intersect diamondiferous kimberlite pipes. The Company previously announced that it intended on beginning core sampling by 1Q03, but with the new drilling rig in the field scheduling can be accelerated. The core drilling will be in phases with 7 to 10 drill holes per month using one drilling rig with three shifts during a 24 hr. period. As additional drilling rigs become available, the Company will bring them on line with a Canadian Dollar drilling budget of $8,000,000. All core samples will be retained in the Company's secured warehouse facilities. The core will be sent to an independent laboratory for testing. Under the terms of the Claims Purchase and Exploration Rights Agreement with Buckshot Holdings, Ltd. and Commando Holdings, Ltd. there is a 3% NPI royalty on any facetable gemstones discovered on the claims. Both Buckshot and Commando are companies managed by Urban Casavant and beneficially owned by his family. Results of the drill core sampling will be released immediately upon testing. The Company will announce the names and backgrounds of its geologists, drill team experts, and executive advisory members in future news releases.

quote:

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The one I want is from months ago when UCAD was halted until they released information about the sample results.

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Originally posted by skippy:
What is significant about Nov.10th?

"U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 50599 / October 28, 2004
The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 ("Exchange Act"), of over-the-counter trading of the securities of U.S. Canadian Minerals Inc. (OTC Bulletin Board symbol “USCA”), of Las Vegas, Nevada. The suspension will commence at 9:30 a.m. EDT, October 28, 2004, through 11:59 p.m. EST, on NOVEMBER 10, 2004. "

and in Wallace's post about the Directors

"THE DIRECTOR HEREBY ORDERS:
1. Pursuant to clause 134(1)(d) of the Act that trading in all securities by and of
The Respondents cease forthwith up to and including November 9, 2004"

Why would they be restricted from trading now until/including November 9th? Is it o.k. for them to trade after November 9th?

Any ideas as to why the trading period has a definite ending date? If the company is under investigation why would they list an ending date? Or is it just common to have a suspension period of "x" days? Any thoughts?

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Originally posted by skippy:
Did the SEC issue a statement months ago when they halted UCAD trading or was that just the canadian market? If so, where can I get a look at the last statement regarding the UCAD halt.

Thanks

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LAS VEGAS, Jun 10, 2004 (BUSINESS WIRE) -- CMKM Diamonds Inc. (Pink Sheets: CMKX) is very excited to announce that the "Carolyn Pipe" is confirmed to be diamondiferous.

Saskatchewan Research Council (SRC), an independent lab located in Saskatoon, Saskatchewan reported to the company today that the core samples from the "Carolyn Pipe" has come back positive for diamond content. The "Carolyn Pipe" is located on the jointly owned Smeaton property in Saskatchewan, Canada held by CMKM Diamonds Inc., being the primary operator of the claims, United Carina Resources Corp. ( UCA ), Consolidated Pine Channel Gold Corp. ( KPG ) and U.S. Canadian Minerals Inc. ( UCAD ).
[URL=http://www.casavantmining.com

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it was a holiday monday in the US but the Canadian markets where open. The trading on United carina and pine had everyone excited as to what the effect would be on the opening of the market. That was the last time the pps ran up to .0011

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Originally posted by Upside:
skippy,
I'm assuming this is the one you are looking for. Penny-trader is correct, the Canadian partners were not halted by the SEC or the Canadian equivalent, They were halted by the TSX. I don't believe UCAD was ever halted.

[QUOTE]LAS VEGAS, Jun 10, 2004 (BUSINESS WIRE) -- CMKM Diamonds Inc. (Pink Sheets: CMKX) is very excited to announce that the "Carolyn Pipe" is confirmed to be diamondiferous.

Saskatchewan Research Council (SRC), an independent lab located in Saskatoon, Saskatchewan reported to the company today that the core samples from the "Carolyn Pipe" has come back positive for diamond content. The "Carolyn Pipe" is located on the jointly owned Smeaton property in Saskatchewan, Canada held by CMKM Diamonds Inc., being the primary operator of the claims, United Carina Resources Corp. ( UCA ), Consolidated Pine Channel Gold Corp. ( KPG ) and U.S. Canadian Minerals Inc. ( UCAD ).
]www.casavantmining.com

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[/QUOTE]

UPDATE: CMKM DIAMONDS, INC. (Pink Sheets: CMKM) - LESS AND MORE June 22, 2004 CMKM Diamonds, Inc.

A June 10, 2004 press release from CMKM proclaimed that samples recovered from the Company's "Carolyn Pipe" drilling project had been confirmed to be "diamondiferous" by an independent laboratory.

What was the extent of "diamond content?" The CMKM press release did not elaborate, although it did offer a routine disclaimer 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."

Fortunately, other participants in the project eventually were more forthcoming.

As the Company noted in its press release, the "Carolyn Pipe" is located on property in Smeaton, Saskatchewan that is jointly owned by CMKM and three other companies listed on U.S. and Canadian exchanges - United Carina Resources Corp. (CDNX: UCA), Consolidated Pine Channel Gold Corp. (CDNX: KPG); and U.S. Canadian Minerals Inc. (OTCBB: UCAD).

The diamondiferous announcement may have fueled investor interest in CMKM, but it had a decidedly different effect on two of its partners, United Carina Resources and Consolidated Pine Channel Gold. The CMKM press release was issued at 6:26pm on Thursday June 10th, after the U.S. markets had closed for a long weekend that included an unusual Friday closing in honor of President Ronald Reagan's funeral.

Canadian markets were opened for business as usual on Friday June 11th, which might have allowed CMKM's Canadian-listed joint-venture partners to profit from the diamondiferous disclosure. Instead, trading in the two stocks was suspended by the Toronto Stock Exchange (TSE) on June 11th before the market opened. The TSE said that the suspension had been requested by United Carina Resources and Consolidated Pine Channel Gold "pending an announcement." All trades prior to the halt were cancelled because of an imbalance of material information.

Four days later, a press release from United Carina Resources balanced the available information and removed the luster from CMKM's diamondiferous find. The June 15th press release indicated that the samples were only marginally "diamondiferous." Indeed, one 40.01 kilogram sample contained two diamonds having a combined weight of less than .000005 carats. No diamonds were recovered from eleven other samples.

The United Carina press release shed further light on some earlier statements from CMKM. In a March 29, 2004 press release, CMKM announced a new kimberlite discovery on the Smeaton property, which it said would be named "The Carolyn Pipe" after the wife of CMKM's President Urban Casavant. According to United Carina, however, the kimberlite at "The Carolyn Pipe" was hardly new. It said that kimberlite had first been intersected on the Smeaton property in 1996, but was not fully tested at that time. Since that time it had been referred to as the Smeaton kimberlite.

Investors who have been relying upon news emanating from CMKM may not be aware of these details; CMKM has not yet issued a press release revealing the minimal nature of its diamondiferous discovery.

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Originally posted by Upside:
Will,
Please have an open mind! I was just on Paltalk listening to Sterling talk about what's going to happen now. Somehow CMKX and SGGM are going to reach an "equilibrium" and then they will be "parallel trading" even though one is at .50 per share and the other is at .0002 per share. Then the key is to buy whichever one is lower and when they "equalize, or reach the state of equilibrium", you sell the one you just bought, wait for the "divergence of the equilibrium", then buy the low one again and the whole process repeats itself.

I am not making any of this up. This is his current thinking and the Paltalkers are thanking him for clearing everthing up! It's just amazing. This really is like a cult.

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Originally posted by Wallace#1:
Up,

Isn't that Sterling some kind of military guy...a major or something? Now we know what happened to all those missing weapons from that storage facility in Iraq. They were parallel traded. LOL

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Originally posted by Upside:
Nope, not kidding. I actually took notes but it got sickening and I had to turn it off. These people have not wavered one bit and are grasping at anything anyone throws out there. One guy was saying that the "trap has now sprung" followed by Caaaching, Caaaching. It's insane.

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Originally posted by Upside:
You know, what irks me the most is that a lot of people are going to be in a world of hurt if this is the demise of this stock and all along while we were trying to point out some of the questionable things surrounding this company, we were told to leave, go protect someone else, told we weren't needed here, Wallace had death wished upon him, and many people left because of the issues we brought up. Just goes to show you how important us "bashers" can be in the long run, especially to a newbie.

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