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Originally posted by Upside:
Or hate it depending on your point of view.

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[B] LOL I am just amazed there still spinning,don't they get dizzy.I knew i should have sold the rights to this saga.
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quote:

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Originally posted by tigertony:
Sorry upside,hope something works out for the shareholders.

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quote:

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Has anybody ever seen anything quite like this before?
I know I haven't.All this blows me away.

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highway,
I'll guarantee you that no one has ever seen anything like this before. Even in the penny stock land of scams, this is unprecedented. There has never been a stock with this kind of an o/s, anywhere near it for that matter, and yet they're this brazen with their activities. If nothing else, when we're all old and gray and CMKX is the stuff of legend, we can tell our Grandkids, "yep, I was involved with that stock".

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Originally posted by RobinO:
Of course a bunch of people pointed out the fact that this was a scam months ago... Oh wait, we're just bashers.

-R

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I believe this was turned into authorities as a scam.

Upon furthur DD it is being discovered that crown land was turned over to Saskatchewan and of this land 1/5 was made private.

It seems the Carolyn land is owned privately and therefore not subject to these filings.

CMKX it now appears is a real company and will survive this and may even be stronger.

This is what is being reported.

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sorry bam bam but the guy that thought this up is probably in a padded room. first cmkx raises o/s to sell to raise capitol ok i buy that but having someone then buy these and retire them ends the whole thing. buying & then reselling just spins the same shares & does nothing for the float and if they got $10 million for sggm why the need for capitol. if they wanted to reduce the float they would have just used the $10 million to buy up shares a little at a time nothing else. buying & selling the same shares does nothing to the pps or the float. face it the game may be up. i had an idea this was a new kind of pryamid scheme and it sure looks like it is just that. when all said & done odds are sggm will be gone after making a nice profit from shares sold. cmkx, gone. ucad might still be around because it was reporting & probable does have assets. gemm might still be there but the game is over. when the reports from vegas come in bet none of the main players show up at least those from cmkx

[This message has been edited by bill1352 (edited October 30, 2004).]

Friday, October 29, 2004
Firms slapped with cease-trade order
Barry Glass/Daily Herald

Saskatchewan’s Financial Services Commission slapped a temporary cease-trade order on two companies and some people involved in diamond exploration in the Fort a la Corne area.
The order covers CMKM Diamonds Inc., its predecessor Casavant Mining Kimberlite International, Urban Armand Joseph Casavant, David DeSormeau and Melvin A. O’Neil. The men are officers, directors and promoters of the companies.

Vic Pankratz, deputy director of enforcement for the commission, said the order was issued because the parties were selling securities in Saskatchewan without being registered to do so, trading securities without filing a prospectus and making misrepresentations about securities.

CMKM’s shares trade on what’s known as over-the-counter market pink sheets in the United States. CMKM is based in Las Vegas, Nev.

The cease-trade order only has authority over activity in Saskatchewan, said Pankratz.

The commission will review its decision based on information it receives from the company on or before Nov. 9.

“Right now the ball is in the company’s court,” said Pankratz.

Company officials were not available for comment.

The company has been the subject of speculation by people near and far.

Brandon Polk, a certified public accountant in Abilene, Texas, said a client of his told him about the CMKM stock several months ago.

Once Polk started investigating, he realized it was a very unusual company.

“There’s no way in the world I would recommend this to someone,” Polk told the Daily Herald.

Even so, he plunked down $200 US and, because of the extremely low share price, owns two million shares.

He based his decision on company press releases, in which the company said it has claims on a huge amount of property in the Fort a la Corne area, an area where companies such as De Beers have spent millions exploring for diamonds.

In its cease-trade order, the Saskatchewan commission expressed concerns over news releases the company has issued.

Polk said his money wasn’t so much an investment as a gamble that he was willing to take for fun.

“It’s like watching that last wheel on a slot machine roll around,” he said, adding he probably will never see his money again.

Potential and a cheap price are what has drawn so many people to the stock, said Polk, but expectations have been blown out of proportion to the point some investors might expect to make millions.

“People are extrapolating way outside the realm of possibility,” said Polk.

Besides a lack of good information about CMKM’s activities, Polk said he is unable to determine how many shares of the company have been issued.

Shares recently traded for $0.0002 and volume on Tuesday appears to have been 6.3 billion shares, said Polk.

But he said no one knows how many shares are really traded because the software used wasn’t designed to count that high. But as many as 800 billion shares might be outstanding for CMKM.

“It’s the most bizarre thing I’ve ever seen,” said Polk.

For comparison, the New York Stock Exchange website says General Motors has only about half-a-billion shares outstanding and slightly more than five million were traded on Thursday.

The Securities and Exchange Commission regulates stock exchanges in the United States.

SEC has not made any announcements regarding CMKM. However, on Thursday, it did announce the temporary suspension of over-the-counter trading of Las Vegas-based U.S. Canadian Minerals Inc. securities.

U.S. Canadian Minerals has been referred to by CMKM as a joint venture partner, and CMKM has made announcements of issuing the other company’s stock as dividends to its own shareholders.

The SEC said it suspended trading in U.S. Canadian Minerals because of questions raised about the accuracy of publicly disseminated information concerning, among other things, U.S. Canadian Minerals’ financing and mining activities and the value of U.S. Canadian Minerals’ purported assets.

Both the SEC and the Saskatchewan commission caution that anyone interested in making investments should seek advice from an accountant, lawyer or other knowledgeable professional.

Polk said the funniest thing about the situation is that CMKM and U.S. Canadian Minerals planned a big shareholder appreciation party for this weekend in Las Vegas.

“I was hoping we’d find out some information regarding mining sample results, reporting status and other valuable information,” he said.

“Now everyone will be talking about the cease-trade orders.”

quote:

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“There’s no way in the world I would recommend this to someone,” Polk told the Daily Herald.

Even so, he plunked down $200 US and, because of the extremely low share price, owns two million shares.

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I have said here before I think that this was going to end good, bad, or ugly.I got in CMKX @ .0001 with money I could afford to lose, and sold some to reduce risk even farther.So to me, because of the 'halt' I hope there IS an incidental/accidental investigation into all of it.I have time.
This stock blows me away.
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The following is a list of public information articles and reports detailing the brokerage houses, marketmakers and the conduct of the main "street" characters engaged in the illegal practice of "naked short selling", "death-spiral financing" and/or stock fraud. This page is a resource for anyone wishing to educate themselves regarding the depth and breath of these illegal activities. http://www.rgm.com/shortselling.html
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"these manipulations can occur only in a lax enforcement environment. The record shows that the SEC has not disciplined a single broker-dealer, a single investment firm, a single staff or official of the NSCC or DTCC in connection with the massive illegal activities which the Commission acknowledges have occurred." http://www.sec.gov/rules/proposed/s72303/rshapiro122403.htm
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Shapiro said the SEC is correct to broaden the terms of regulation of short sales, and applauded the section directing broker dealers to mark all equity orders as "long," "short" or "short exempt." More important, he said, the new "locate and delivery" requirements could substantially reduce stock manipulation carried out through naked short sales -- but only if those requirements are widely applied and strictly enforced. http://www.investors.com/breakingnews.asp?journalid=23435497&brk=1
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http://www.investors.com/brea kingnews.asp?journalid=23435497&brk=1
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http://www.sec.gov/rules/proposed/34-48709.htm
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"But some investors and public issuers are complaining that naked short selling in Canada can be used to manipulate the stock of U.S. companies. Canadian regulators are considering whether to adopt some form of affirmative determination rule that would link the ability to short a stock to that of borrowing it." http://www.rgm.com/articles/nakedreview.html
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"In a customary class action lawsuit under the federal securities laws, an investor proves his membership in the class and claims his damages by submitting to plaintiffs’ counsel copies of the confirmation slips he received from his broker showing that he purchased the stock at a particular time for a particular price. But, as pointed out before, in a short sale, there are two different people who will hold confirmation slips evidencing the purchase of the same share. Both holders of real shares and holders of artificial shares will have in their possession evidence showing that they have purchased the stock and, further, the transfer agent’s records (from which the list of class members ultimately is compiled) will show that both people were members of the plaintiff class."

http://www.sec.gov/rules/proposed/s72303/ajames121103.htm

It seems the AS after 50 billion was never registered for public trading.

Remember the shares given to Nevada Minerals were rule 144 stock and never registered. That is what rule 144 pertains to.

That means the extra 300 billion could not be sold to the public and those claiming they were dumped are incorrect.

We cannot find any indication that any stock past the 50 billion point was registered.

quote:

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Originally posted by Bigrod40:
Another rumour, they have discovered Germanium.
Well it depends how much Germanium was found (if it was).
This stuff is very expensive. It sells for $3.00 U.S. a gram.
Which means $3000 per kilogram
$1363 per pound

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quote:

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Originally posted by Upside:
originally posted by highwaychild:
highway,
I'll guarantee you that no one has ever seen anything like this before. Even in the penny stock land of scams, this is unprecedented. There has never been a stock with this kind of an o/s, anywhere near it for that matter, and yet they're this brazen with their activities. If nothing else, when we're all old and gray and CMKX is the stuff of legend, we can tell our Grandkids, "yep, I was involved with that stock".

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CMKM(CMKX) gave U.S. Canadian a one year option to acquire an additional 10% of CMKM's mineral claims for $15 million in cash. On July 27, 2004, CMKM announced that it had received $3 million from U.S. Canadian, representing a partial exercise of the option.

On the surface it seemed unlikely that U.S. Canadian would be able to come up with the necessary funds. Unlike CMKM and St. George, U.S. Canadian does file periodic reports with the SEC - the price it must pay to preserve its listing on the OTC Bulletin Board. Those reports suggest that U.S. Canadian faces considerable financial challenges. As of March 31, 2004, U.S. Canadian had $408 in cash, no current revenues, and concerns about its ability to continue as a going concern.

Matters hardly improved in the third quarter of 2004. As of June 30, 2004, U.S. Canadian had $1,321 in cash, no revenues, and cumulative losses of $17.7 million. So where did U.S. Canadian get $3 million - and why would it invest those precious funds in CMKM?

The answer can be found in U.S. Canadian's Form 10-Q financial report for the quarter ended June 30, 2004. According to the Form 10-Q, U. S. Canadian agreed to sell 600,000 shares of its stock to an unnamed party related to CMKM at $5 a share. The $3,000,000 received by U.S. Canadian from that transaction was then paid to CMKM.

Monday should be a more telling tale as to where the above stocks are headed.

I will not be surprised if the SEC also takes action against Casavant, DeSormeau and Melvin...that would make sense in view of what was done in Canada. They have probably already been getting loads of complaints re CMKX and stooges.

Any news from the party?

Any answer as to Glenn's statement (I think)that they will be fully reporting by the end of Oct.?

LOL I too would like a live broadcast. Think there might be just a few angry shareholders at that party? Was it today?