quote:

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Originally posted by legaleagle:

The amount per shareholder is underwhelming I will admit. So knowing that some shareholders would have this attitude, why do you suppose Urban didn't just keep it for himself? This was millions of dollars for the company. ($3.2 mil) Distributed only to have investors ungrateful? Or distributed as part of a much maligned plan to trap the shorts?

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GOING CONCERN - The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company is in the development stage, has no operating revenue and has incurred cumulative net losses of approximately $18,911,000 since inception.

These conditions give rise to substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company's continuation as a going concern is dependent upon its ability to obtain additional financing, successfully develop its contemplated plan of operations, and transition, ultimately, to the attainment of profitable operations. Also, the Company's new business calls for the acquisition of various types of mining claims of precious metals. Management believes its due diligence procedures will assure the acquisition of the rights to profitable operational means that will enable them to maintain positive cash flow from its operations in the near future.

The Company plans to raise operating capital via debt and equity offerings in order to continue as a going concern and has been successful in raising some capital for future acquisitions (see note 12). However, there are no assurances that such offerings will be successful or sufficient to fund the operations of the Company. In the event the offerings are insufficient, the Company has not formulated a plan to continue as a going concern.

USE OF ESTIMATES - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the

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Juina Mining Corporation

On March 23, 2004, the Company acquired approximately 85% of the outstanding capital stock of Juina Mining Corporation, a Nevada corporation ("Juina"). The Company acquired the stock from James D. McFadden, Mark Hutchison and Richard Taulli in exchange for 833,334 shares, 179,091 shares and 150,000 shares respectively, of the Company's common stock and for a $200,000 private placement. At the time of this acquisition, there was an understanding between the Company and Mr. Hutchison that he would become a Director of the Company. The Company has the rights, exercisable in whole or in part at the option of the Company, for one year from the date of exchange in the case of Messrs. McFadden and Hutchison and 120 days from the date of exchange in the case of Messr. Taulli to repurchase the shares of its common stock issued to each of Messrs. McFadden, Hutchison and Taulli, at a price of $1.33 per share.

Juina owns 49% of a joint venture called Juina Mining Mineracao, Ltda. ("JMML"). The remaining 51% of JMML is owned by DIAGEM International Resources Corp., a Canadian corporation ("DIAGEM").

The sole asset of JMML is an 86% working interest in the mineral and mining rights to 2,471 acres of land in the District of Juina, Mato Grosso, Brazil ("Property 1000") as well as the equipment and processing facility appurtenant thereto.

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At present, there are no operations being conducted by JMML because, among other considerations, the required permits have not been issued by the relevant governmental agencies. There is no assurance that any such permits ever will be issued. Moreover, JMML is controlled by Diagem, which has publicly disclosed that it considers the company to be inactive

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LIQUIDITY AND CAPITAL RESOURCES

Since its inception the Company has had limited operating capital, and has relied heavily on debt and equity financing. During June, July, August and September of 2004, Mr. Urban Casavant, who is a Director and the Chief Executive Officer of CMKM Diamonds, Inc., and four other persons related to him by blood or marriage, purchased 9,000,000 shares of the Company's common stock at a price of $1.67 per share in a private placement exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The proceeds were used to exercise the Company's option to acquire mineral rights from CMKM Diamonds, Inc., as described above, and for general corporate purposes.

On August 20, 2004, the Company signed an agreement with Langley Investment Trust, PLC a London investment trust to exchange 5,142,000 restricted shares of the Company for 4,958,896 shares of Langley which are freely tradable on the London Stock Exchange. Langley entered into a "lock up" agreement with the Company pursuant to which it agreed not to trade the Company's shares it will receive as a result of this transaction for a period of two years from the closing date. The issuance of the Company's common stock to Langley was exempt from the registration provisions of the Securities Act pursuant to Regulations S. Fifty percent of Langley's shares issued to the Company will be held in escrow for two years following their issuance and in the event the per share market price the Company's common stock at such time is less than the per share value of the Company's stock at the time of the closing, Langley shall be entitled to the return out of escrow a percentage of Langley's shares equal to the market value of such decline. The remaining shares held in escrow shall be released to the Company at the time of any such release back to Langley.

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Since its inception the Company has had limited operating capital, and has relied heavily on debt and equity financing. During June, July, August and September of 2004, Mr. Urban Casavant, who is a Director and the Chief Executive Officer of CMKM Diamonds, Inc., and four other persons related to him by blood or marriage, purchased 9,000,000 shares of the Company's common stock at a price of $1.67 per share in a private placement exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The proceeds were used to exercise the Company's option to acquire mineral rights from CMKM Diamonds, Inc., as described above, and for general corporate purposes.

Scam huh? i'm still long and strong....

quote:

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Originally posted by Wallace#1:
Hope no one overlooked or ignored this:

At present, there are no operations being conducted by JMML because, among other considerations, the required permits have not been issued by the relevant governmental agencies. There is no assurance that any such permits ever will be issued. Moreover, JMML is controlled by Diagem, which has publicly disclosed that it considers the company to be inactive

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Wallace, we don't need to drill. Purpose of drilling is to determine if enough diamonds are there to mine. They are there and we have numerous shareholders with their shovels...I think Upside is up there with his corn scoop...digging like crazy. Me...I'm smart. I'm going up there and just pick up what falls off the shovels.

quote:

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Originally posted by dwman:
Oh that was corny. LOL Just kidding.

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I laughed.

This damn computer of mine is driving me crazy. Does all kinds of weird things. Am on the Nov 17th CMKX thread and when I hit "Back", it always goes to Oct 27th. Pain in the butt!

quote:

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Originally posted by dwman:
On second thought, Wallace, corn is yellow like gold and actually was the medium for commercial transactions at one time in the U.S. (that,afterall, is where the expression "shelling out" came from.)

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Now see, Upside is really smarter than you thought!! LOL

quote:

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Now see, Upside is really smarter than you thought!! LOL

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No he's not.

In July, 2004, 5% of CMKM was valued at $33,750,000. That's 1/20th of CMKM value. 20 x 33,750,000 = $675,000,000 valuation for CMKM. With a $675,000,000 evaluation, we are still back to the same question for CMKM: What is the real OS?

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Yellow River Mining

The Company owns 80% of Yellow River Mining S.A., which owns the Yellow River processing plant in the Provincia Del Oro (Province of Gold) in southwest Ecuador. This area has been actively mined since the 1600s. The Yellow River processing plant extracts gold from ore taken from mines in the area. The capacity of the processing plant is presently being expanded to 40 tons per day of ore. Yellow River S.A. receives 50% of the gold it extracts at its plant. To date, the Yellow river processing plant has produced only negligible revenues. The other 20% of Yellow River Mining S.A. is owned by an individual who is an Ecuadorian resident, from whom the Company acquired its 80% interest.

quote:

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Originally posted by safeguard:
Well, if 800 billion is correct then that would be a pps of at least .0008 - MAN ARE WE UNDERVALUED OR WHAT!!! LOL

If it would just go there that would be a nice percentage profit for me.

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Note that the value was as of July 2004. Much has occured since then.

We still must have the CMKM filing before we can conclude anything as to evaluation or OS.

quote:

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Originally posted by ed19363:
Am I blind, or are you?
This is one of the worst financial reports I have ever seen!!! Fort a La Corne-no kimberlites worth anything. Lincoln County- big zero. Smeaton- big zero. Juina- not operating. Yellow river- negligible revenue. Nevada Magnetic- evaluating. COD- at best a maybe. 18 million loss. How in hell do you people see ANYTHING positive in this? USCA has nothing, is worth nothing, and doesnt even know if it can continue to BE nothing. Doesnt take a ton of bricks hitting me on the head to see that this is going nowhere.
27,000,000 shares of CMKX, also worth NOTHING!!!!!!!!

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Come on, Ed, put some spin on it and it will look a whole lot better! LOL

quote:

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Originally posted by ed19363:
Am I blind, or are you?
This is one of the worst financial reports I have ever seen!!! Fort a La Corne-no kimberlites worth anything. Lincoln County- big zero. Smeaton- big zero. Juina- not operating. Yellow river- negligible revenue. Nevada Magnetic- evaluating. COD- at best a maybe. 18 million loss. How in hell do you people see ANYTHING positive in this? USCA has nothing, is worth nothing, and doesnt even know if it can continue to BE nothing. Doesnt take a ton of bricks hitting me on the head to see that this is going nowhere.
27,000,000 shares of CMKX, also worth NOTHING!!!!!!!!

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Yet they have managed to make, spend or invest nearly $74,000,000 so far this year and increase mineral rights assets to $62,000,000.
Viability somewhere.

quote:

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Originally posted by legaleagle:

Yet they have managed to make, spend or invest nearly $74,000,000 so far this year.
Viability somewhere.

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LIQUIDITY AND CAPITAL RESOURCES

Since its inception the Company has had limited operating capital, and has
relied heavily on debt and equity financing. During June, July, August and
September of 2004, Mr. Urban Casavant, who is a Director and the Chief Executive
Officer of CMKM Diamonds, Inc., and four other persons related to him by blood
or marriage, purchased 9,000,000 shares of the Company's common stock at a price
of $1.67 per share in a private placement exempt from the registration
requirements of the Securities Act of 1933 (the "Securities Act"). The proceeds
were used to exercise the Company's option to acquire mineral rights from CMKM
Diamonds, Inc., as described above, and for general corporate purposes.

quote:

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Originally posted by ya ya:
NO BUYS ON THIS STOCK JUST SELLS.TAKE YOUR LOSES AND MOVE ON

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Yeeshh...

Wallace, others, have been parked here for MONTHS! I read your posts when you first came on this thread, pre-JULY! Why haven't some of you just 'moved on' if you don't own stock??

Then you (wallace#1) cried because bird and others cracked some jokes at your expense. Heheheh.

It was funny watching you get all excited and upset.
lolol...

Anyways, regardless of what posters WANT you to think, CMKX is not the 'sea of fire' that they want you to think it is. Just ask yourself, why would people work so hard on a message board NOT TO GET ME TO BUY...

As suspicious or more then a stock pumper...