posted
agree 100% with Glassman,Time to move on nothing with this stock is going to happen for a while.So in the mean time go make some money on another penny stock and good luck.Let me know if there is a good stock with low O/S and float
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posted
Vman...I have a wee bit of Irish blood in me also some might say I have a wee bit of the blarney as well.The wife and I may grab some high dessert time this weekend, might even stop and have a few at a roudy little Bar I know out there.
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posted
Vman...I have a wee bit of Irish blood in me also some might say I have a wee bit of the blarney as well.The wife and I may grab some high dessert time this weekend, might even stop and have a few at a roudy little Bar I know out there.
After all I have all this CMKX GEMM CMKM USCA GEMM money to spend.
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posted
Com'on Glass, your even having fun with this. I just love watching a death that some won't believe and others are screaming I told you so. Soap Opera kind of stuff.
-------------------- Invest with your brain not with your heart.
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posted
1 day we hear the t/a is ready to announce the o/s. the next trading is suspended. ya think cmkx turned the o/s in? last report it was in the hundreds of millions & 2 yrs later its 100's of billions. SEC see's the o/s & has fit. can you see the face of the guy first seeing the o/s??? that pic would be worth bucks. maybe cmkx will turn into a good thing for pinks & us. maybe the SEC will get the idea just how bad companies dilute the market & start holding them accountable. then again maybe CMKX will be $1 by April first...lol
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
Pink Sheets have to answer a few questions each year just ask USCI. So why can't the SEC require the O/S be published ever so often. All these people claiming to write the SEC should be more constructive and be emailing SEC, their Senator, and their Congressmen to change the law requiring all publicly traded companies to report at least the minimum information on a company such as share structure. Only a huge voice can make a difference. Shoot if every CMKX investor only sent them they would be overwhelmed.
-------------------- Invest with your brain not with your heart.
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HIGHWAY.....I SCREWED UP TRYING TO EDIT MY POST man......I am going to the dessert for sure now.....I will buy you a drink DANIELS and not that new funny stuff.Then I WILL DRINK IT.
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quote:Originally posted by Dustoff101: Vman...I have a wee bit of Irish blood in me also some might say I have a wee bit of the blarney as well.The wife and I may grab some high dessert time this weekend, might even stop and have a few at a roudy little Bar I know out there.
After all I have all this CMKX GEMM CMKM USCA GEMM money to spend.
sorry, just curious but why is this directed at me? lol
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quote:Originally posted by dwman: Okay.... be honest. Who went to the dictionary because of my last post.
I did!! And I did notice the bit about the moon. I was going to say something about Dracula, but it did not fit with the post I made at the time. HA!
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Has anyone here EVER benefitted from being part of a class action lawsuit due to losses suffered when a stock tanked?
Unfortunately, I have been included in several of these lawsuits. After spending considerable time submitting the required documents to prove my claim, I have waited years to learn I would get nothing.
Sometimes I got nothing because I "did not suffer" a net loss. This was because I made money on early trades, then lost money on the later trades (the trades affected by the company's fraud). The courts said overall I was not injured.
Sometimes I got nothing because the settlement, after lawyer fees and expenses, amounted to nil for the people actually injured by the company's fraud.
So, based on my experiences, I have to agree with Bill1352. The stockholder usually gets nothing from the action, but the lawyers and accountants and other expert witnesses in the trials get rich.
Anyone else have a story to tell about class action shareholder lawsuits?
-------------------- Everything I say is only my opinion ... right or wrong.
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quote:Originally posted by glassman: guys.... this is not healthy... 7 pages on a halted stock at .00000001?
have a funeral and move on...
I hear the visitation isn't untill March 17th. The funeral isn't supposed to be till the 19th.
To be held at Ed's Sports Card Shop...
The funny thing about this is that here in Binghamton, NY, We have an Ed's Sports Cards and More Store. Not that anyone cares; however I got a chuckle from it.
quote:Has anyone here EVER benefitted from being part of a class action lawsuit due to losses suffered when a stock tanked?
I've been in a handful of them and the only one where I got anything at all back was from a suit against Genentech many, many years ago. Waited about 2 years and finally got a check in the mail for 3 dollars and some odd cents.
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CMKM Diamonds Comments on Temporary Trading Suspension
LAS VEGAS--(BUSINESS WIRE)--March 4, 2005--Commencing at 9:30 a.m. EST yesterday, trading of the common stock of CMKM Diamonds Inc. (Pink Sheets:CMKX) was temporarily suspended by the Securities and Exchange Commission ("SEC"). This temporary suspension will expire on March 16 at 11:59 p.m. EST and trading in CMKX is anticipated to resume on March 17, 2005.
In its reasoning, the SEC stated it had concerns over the adequacy of publicly available information concerning CMKX's assets and liabilities, mining and other business activities, share structure and stock issuances, and corporate management. Further, the SEC was concerned that CMKX may have unjustifiably relied on a Form S-8, filed in May 2003, to issue unrestricted securities and that CMKX and/or certain of its stockholders may have unjustifiably relied on Rule 144(k) of the 33 Act in conducting an unlawful distribution of its securities that failed to comply with the resale restrictions of Rules 144 and 145 of the Securities Act.
CMKX has been in discussions with the SEC in relation to the SEC's inquiry into another public company that has done business with CMKX. In this process, CMKX has provided the SEC with substantial documentation, much of which spans back to transactions and stock issuances in 2002. It is believed some of the information provided raised concerns with the SEC sufficient enough to cause this temporary suspension of trading. CMKX anticipates a formal request for documents to be issued by the SEC in the near future.
"The SEC did not provide us with any notice of the temporary trading halt," stated Urban Casavant, CEO of CMKX. "This was an unwelcome surprise, especially since our counsel has had ongoing dialogue with the SEC."
According to the SEC's Web site, www.sec.gov, "The primary mission of the SEC is to protect investors and maintain the integrity of the securities markets." Consistent with this mission, Casavant specifically engaged Robert A. Maheu to assist CMKX in its compliance efforts. "Like the SEC, protecting our investors is a primary concern. We have been aggressively gathering the essential information needed to comply with our public disclosure obligations and anticipate working with the SEC to ensure our compliance with all federal regulations," stated Maheu, co-chairman of CMKX.
"We are not letting these regulatory matters impede our primary focus of creating stockholder value through the mining and development of our mineral assets," stated Maheu. CMKX is continuing to search for additional property claims in Canada and monitor its holdings in Ecuador.
On Feb. 17, 2005, CMKX filed an amended Form 15 to reinstate its reporting obligations under the 34 Act. SEC regulations require CMKX to file, within 60 days after the date of the filing of the amended Form 15, all reports which would have been required had the original Form 15 not been filed. CMKX has not been provided a waiver, "variance" or any other relief by the SEC for complying with the 60-day requirement. In fact, due to the overwhelming number of reports that need to be filed, coupled with the necessary financial statement preparation, CMKX will not be able to comply with the 60-day requirement. Management does not believe the filing of the amended Form 15 had anything to do with the SEC's decision to temporarily suspend trading in its common stock and continues to aggressively do everything within its power to comply with its 34 Act reporting requirements.
With its reporting status reinstated, CMKX anticipates filing a number of significant corporate updates with the SEC in the upcoming weeks on Form 8-K. Investors and stockholders are encouraged to review these forms as they become available through the SEC's EDGAR database.
The SEC's Web site further discloses, "The laws and rules that govern the securities industry in the United States derive from a simple and straightforward concept: all investors, whether large institutions or private individuals, should have access to certain basic facts about an investment prior to buying it." Casavant reiterated, "We understand the importance of supplying accurate information to the public and have made it our top priority to uncompromisingly disclose all material corporate information as soon as it becomes available."
Consistent with CMKX's continuing efforts to furnish the investing public and its stockholders with current information and to quell any inaccurate rumors, CMKX has disclosed certain corporate information pertaining to its operations and corporate structure. Of the 800 billion authorized shares of common stock, CMKX currently has 703,518,875,000 shares of common stock issued and outstanding to approximately 2,032 stockholders of record (excluding shares held in "street name"). In addition, effective March 1, 2005, CMKX has relocated its executive office address to 5375 Procyon St., Suite 101, Las Vegas, NV. Lastly, CMKX's current officer is Urban Casavant (CEO/President/Secretary/Treasurer) and current directors are Urban Casavant and Robert A. Maheu (Michael Williams will join the board of directors upon CMKX's obtainment of D&O insurance).
Investors and stockholders are being asked to please refrain from contacting the company, the SEC, NASD, the Transfer Agent and/or Stoecklein Law Group to allow them to focus on completing the tasks at hand. All corporate updates will be made in press releases and filed in current reports on Form 8-K as they become available.
CMKX also would like to repeat the SEC's statement of, "At the heart of effective investor protection is an educated and careful investor" and encourage its stockholders and other investors to visit the SEC's Web site (www.sec.gov), which offers the public a wealth of educational information.
Forward-Looking Statements
This press release may contain statements that constitute "forward-looking statements" as defined under U.S. federal securities laws describing the reinstatement of CMKX's reporting obligations and the expected impact of these obligations on CMKX's operations. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "establish," "project" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are based on current expectations and assumptions that are subject to certain risks and uncertainties that could cause actual results to differ materially from CMKX's historical experience and its projections. Such forward-looking statements are inherently uncertain, and actual results may differ from those expressed or implied in the forward-looking statements. Consequently, readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date they are made.
CMKX's actual results could differ materially from such forward-looking statements because of factors such as: impact of the temporary halt in trading on CMKX's stock price; impact of the halt on CMKX's operations; uncertain further regulatory scrutiny; the current state of operations; unavailability of documentation and corporate records; changes in the number of outstanding shares of common stock and number of stockholders of record; the impact of failing to meet the 60-day filing requirement; timing necessary to comply with reporting requirements; lack of adequate internal controls; unforeseen capital deficiencies; unavailability of insurance; changes in the mining and metals environment, including actions of competitors; the effectiveness of CMKX's development and drilling programs; regulatory and legal changes; and other risks associated with companies in similar industries. CMKX undertakes no obligation to publicly update or revise any forward-looking statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contacts
CMKM Diamonds Inc. Andrew Hill, 306-752-3755 or 877-752-3755 cmkxir@mail.casavantmining.com
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posted
I guess Bill was very close to being right. I didn't even think the O/S was that high. And pumpers said we would be pleasantly surprised, lol.
703,518,875,000 shares of common stock issued and outstanding to approximately 2,032 stockholders of record (excluding shares held in "street name"). In addition, effective March 1, 2005,
-------------------- Invest with your brain not with your heart.
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