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John Martin is the shareholder who has hired the attorney to intervene for shareholders in the SEC hearing. Here is his web post
John Martin's Talking Points
"This shareholders group action is in no way a type of class action lawsuit against or involving CMKM Diamonds, Inc. This is simply a group of shareholders that have one specific purpose in mind and that is for our views to be heard in a suit that has been brought by the SEC against our company. Class action lawsuits on behalf of shareholders are not uncommon, However, most of those actions are aimed at the company. I have seen no evidence at this point to suggest the company has any reason to be the target of a class action suit. To the contrary, the current management appears to be devoting a tremendous amount of time and money to correcting problems that need addressed."
[1] Every shareholder knows, "We're from the Government and we're here to help" is an oxymoron when it comes to the SEC protecting the rights and interests of the average investor. We as CMKX shareholders must take control of our own destiny and take responsibility for protecting our own interests regardless of the actions (or lack thereof) by the SEC. [2] This is not a lawsuit against the company CMKM Diamonds, Inc. It is a legal request via Motion to Intervene to secure representation for the shareholders during the proceedings involving CMKM Diamonds and the SEC. We are in essence teaming up with CMKX to protect our collective rights in this process.
[3] Our extraordinary and unprecedented loyalty and patience up to this point, demands that CMKX shareholders be recognized and represented in this process.
[4] The CMKM Diamond, Inc. shareholder base is among the largest and therefore most powerful investor groups in existence. This power will go to waste if we do not exercise it as investors and shareholders in CMKX. The time is now to unite and speak with one voice.
[5] We as shareholders have rights and we fully intend to exercise those rights and protect our interests to the best of our ability. We encourage all CMKX shareholders to immediately join in our Motion to Intervene.
How to Participate in the Motion to Intervene
* Registration is fast and easy. Click here to download the single page Participation Agreement * The name of the Shareholder is preferred, but not necessary to participate. * The number of shares held by Participant can be kept confidential. * There is a 1 time $25 application fee payable by: PayPal (online) or Check (print and mail form w/ check)
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Looks like the home of an empire builder to me.
i wonder if thats what was once said about the Enron guys, the Tyco guys, the World com guys maybe the global crossing guys
Wallace maybe it was his son not brother, just knew it was given to blood. being st george paid the cash it might be the place all the claims end up in not CIM. i would not be very suprised if 1 day some of theseclaim sites does produce a valuable mine or 2. i just don't think a single cmkx share will see that value. there are a number of JV mining companies out there that started up on share profits. that have dealt with the same start up costs, the same mm's tricks & cheats & started around the same time as cmkx but the o/s is not over 10 billion (a few are close). they now are close to mining & having value & they support much higher pps's then cmkx. but then they don't support race cars , 3.5 million dollar homes. family members dont get million dollar gifts. then again they have solid financial records. they tell shareholders whats going on, they report to the sec. as a matter of fact & principle they run the companies like honest businesses, something that is taboo around the cmkx tables.
-------------------- "keep your stick on the ice & your cup firmly in place"
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now there is a smart lawyer, see's a cult following & jumps right on the bandwagon to bilk more cash out of the huddled masses...lol must be a study of roger glen. at least 1 shareholder knows how to get his investment cash back, bet he gets a cut of the $25...lol
-------------------- "keep your stick on the ice & your cup firmly in place"
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That about sums it up, Bill. I have never used the word before, but this is REALLY starting to look like a scam now. It's almost like they want to be shut down, they're almost begging for it. I'm prepared to lose the money, but I certainly hope somebody stops CMKX from ripping off any more people. The above is IMO, for those who harbor legalistic tendencies.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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"The error is in the methodology used to value the mineral rights acquired by the registrant, which resulted in the value of such mineral rights being overstated." **********************************
Exactly what I have said with reference to CMKX's value of rights. There never appeared to be an independent, arm's-length appraisal of CMKX's rights. As far as I can determine, UC or cronies valued the rights which makes that value designation worthless. He had/has a vested interest in allocating an outrageous value.
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Please, if you are the least bit intelligent, stay away from the following (posted in full above):
John Martin is the shareholder who has hired the attorney to intervene for shareholders in the SEC hearing. Here is his web post.....
How to Participate in the Motion to Intervene
* Registration is fast and easy. Click here to download the single page Participation Agreement * The name of the Shareholder is preferred, but not necessary to participate. * The number of shares held by Participant can be kept confidential. * There is a 1 time $25 application fee payable by: PayPal (online) or Check (print and mail form w/ check)
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Kind of interesting how USCA's claims had a value of 7 million in one quarter, then they do the Casavant shuffle the next quarter and their claims jump to 62 million.
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The picture of the shed put me over the top. I can't stop laughing. I hope I can stop before the Fed X person come's...The picture of the path to the shed was bad enough but that shed, O man, wow that was just to much....where's dwman
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NEW YORK--(BUSINESS WIRE)--March 30, 2005--The following statement was issued today by Stuart Z. Goldstein, managing director of DTCC Corporate Communications and spokesperson for the company: "The Depository Trust & Clearing Corporation (DTCC) has provided its bank and broker customers with a detailed explanation of its Stock Borrow program and the issue of naked short selling in an effort counter a widespread campaign of distortions and misleading information.
DTCC has published a Q&A interview with our First Deputy General Counsel in its own newsletter, @dtcc, which is distributed to over 7,000 readers throughout the financial services industry. Our aim is simply to correct misstatements of fact. We have confidence that our regulators, who carefully review our activities, understand that short selling is a trading strategy and is not related to the post-trade clearance and settlement process.
We've made the Q&A interview available on DTCC's web site at www.dtcc.com, so journalists and investors can get a more accurate understanding of our role in the completing the trading process. It is a highly automated environment that can handle in a given day up to 4.6 billion shares traded across all U.S. markets."
We believe that those involved in the litigation on naked short selling have been part of these efforts to try and achieve in the media what they have not achieved in a court of law.
To date, nine of the suits brought against DTCC and its subsidiaries variously alleging either we 'counterfeit securities certificates,' 'that our Stock Borrow program reaps billions in profits' and that we 'directly contribute to naked short selling,' have been dismissed or withdrawn. These assertions are false."
About DTCC
Through its subsidiaries, DTCC provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter derivatives. DTCC's depository also provides custody and asset servicing for more than two million securities issues from the United States and 100 other countries and territories. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC has operating facilities in multiple locations in the United States and overseas. For more information on DTCC, visit www.dtcc.com.
quote:The picture of the shed put me over the top. I can't stop laughing. I hope I can stop before the Fed X person come's...The picture of the path to the shed was bad enough but that shed, O man, wow that was just to much....where's dwman
It's really kind of a shame isn't it. Everything else that Urban is involved in is top notch. Racing team, 3.5 million dollar home, state of the art RV's at the races, etc. Everything is first class, except the drilling end of it of course.
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That "got cmkx" truck looks like the one I used when dating my wife. The case 850G is like the one I used on our last date. She refused to ride to town in it. Never dated me again. Didn't marry me until 60 years later.
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why would you want top notch drill equipment before you tanked the stock that bought all the other nice things. after you get the stock wiped out then you drill in earnest so that all the profits are yours or you sell the rights to a company that you own say 200 billion shares of. let them do the real exploration.
-------------------- "keep your stick on the ice & your cup firmly in place"
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From those pictures, I didn't see any drilling equipment. Well, It is Las Vegas. I guess that everything is a gamble in that city. Don't bet against the house, they'll take all your money.
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bil1352...now let's not get to quick to judge U/C'S drilling site equipment...I think that shed of his might of been one of those high teck jobs...I think I saw a toilet paper dispencer in there.
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My belly muscle's hurt ,,Bill1352 ,peaser01,everybody,, check out the storage equipment shed on ski's. I hope he wrote that off as a racing machine. Whats with that CMKX sign on the shed, did he think someone was going to steal it.
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quote:Originally posted by Dustoff101: dwman...took her 60 years to walk to town? Come on now Texas ain't that big,,,,,,,,,,is it?
No, Dusty, 60 years to forget that I tried to take her to town in a bulldozer. Let's see.... been married 44 years....21 when we were dating... that makes me about 125 yeras old.
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quote:Originally posted by Peaser01: From those pictures, I didn't see any drilling equipment. Well, It is Las Vegas. I guess that everything is a gamble in that city. Don't bet against the house, they'll take all your money.
Reminds me of Billie Sol Estes, an aide to Lyndon Johnson. Back in the 60s he borrowed money using one anhydrous amonia tank of fertilizer as collateral. He kept moving the tank all around that big expanse of west Texas. Borrowed millions before he was caught.
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guys seriously the first pic proves its a top notch operation...notice the old duct tape used to hold the pipe together? now thats a classy operation Red Green would be proud (canadian show seen in detroit area - inside joke for those that know the show). if there's no duct tape its not done right.
-------------------- "keep your stick on the ice & your cup firmly in place"
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