posted
Well it does mention cancellation of all preferred but was that one preferred share the loop hole to give up our voting rights before cancellation.
-------------------- Invest with your brain not with your heart.
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posted
first time i ever bothered to actually read these old filings... what a joke...
UC "locked up" 600 million of his common shares for three years... on 4-25-03...
then he turned around and "paid" two consultants 530 million shares each right as he stopped filing....
so if he didn't issue more comon shares to himself righ then? he only had the PREFERRED share with which to maintain control of the company....
if he didn't have the single preferred share anymore? then all of the shareholders votes were somehow "proxied"....but i see no requests for proxies.....
hmmmmmm...whatsayounow legal?
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
the filings go on to seem to claim that the prefered share was in fact canceled...
Filing Date: 2/3/2003 Form Type: DEF 14C (6) Majority Shareholders (not including Urban Casavant and the Casavant Family) consists of individuals, corporations, trusts and other legal entities which do not control more than 4.9% of the Company's shares per shareholder. The Majority Shareholders acquired their shares by purchase in consideration of $2,000,000 in cash and the forebearance of monies due them for loans and services rendered in connection with the Casavant Mineral Claims and their assignment to the Company.
Total issued and outstanding shares as of January 15, 2003 was 7,241,653,404 common shares.
this collection of holders is not clearly identified because no one of them owns more than 5% of the co.
if this is the case? then UC has not likely had a majority interest in CMK?
the wording used in these filings appears to me to be deliberately unclear...
somehwere somebody should have a PROXY count from this meeting.... if they don't they may have a problem....
i don't think i've seen another filing where they just say "we had a meeting and you weren't invited" without stating clearly how the share structure allowed them to do that......
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
Glassman, I think that is why this is part of the SEC exhibit list. I believe that UC is using this part of the special meeting to fore go all further shareholders consent and substitute their 51% voting rights with this Section 78.320 Statue.
"The elimination of the need for a special meeting of the shareholders to, in this case, elect directors and ratify certain amendments to the articles of incorporation and bylaws, is authorized by Section 78.320 of the Nevada Revised Statutes, (the "Nevada Law") as confirmed by the Opinion of Counsel. This Section provides that the written consent of the holders of outstanding shares of voting capital stock, having not less that the minimum number of votes which would be necessary to authorize or take the action at a meeting at which all shares entitled to vote on a matter were present and voted, may be substituted for the special meeting. According to this Section 78.320 of the Nevada Law, a majority of the outstanding shares of voting capital stock entitled to vote on the matter is required in order to, among other things, elect directors. In order to eliminate the delays in time and costs involved in holding a special meeting and in order to install a Board of Directors, as early as possible in order to operate the Company, the Company's majority shareholders elected to utilize the written consent of the majority shareholders of the Company in lieu of a calling a special meeting of the shareholders"
-------------------- Invest with your brain not with your heart.
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posted
The last line says it all. The company is going to make all the decisions of the company and use the written consent in lieu of calling a shareholders meeting. I bet he used this on all future votes. Its like taking a power of attorney for one case and robbing the shareholders blind.
"the Company's majority shareholders elected to utilize the written consent of the majority shareholders of the Company in lieu of a calling a special meeting of the shareholders"
-------------------- Invest with your brain not with your heart.
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posted
and now he's gonna say he didn't know any better?
sheeesh... this is why i rarely play pink sheets...
i am interested to see if the preferred share still exists or not... i got burned on SEIH last summer....they were rolling right along on great run and then they filed a DEF14 stating they didn't need a proxy, the previous 10QSB had clearly stated NO preferred shares...
but it was wrong....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
"In order to effectuate the merger with the Casavant Mineral Claims, the majority shareholders' holding more than 51% of the voting shares approved an increase in the authorized capital of the Company from 500,000,000 to 10,000,000,000 with the cancellation of all Preferred shares. Prior to this action, the Company had 3,000,000 Preferred shares authorized with 1 Preferred share issued and outstanding. This Preferred share had been purchased by the majority shareholders in 2001 for $235,000 from the Jarvis Entertainment Group, Inc., thereby giving them voting control of the Company."
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posted
On November 25, 2002 the Company agreed to acquire the Casavant Family Mineral Claims in certain kimberlite deposits located in the Province of Saskatchewan, Canada. The Mineral Claims were held in the name of five companies owned directly and/or beneficially by the Casavant Family and Morgain Minerals, Inc. (a company held by third parties with the claims under option). These companies include Commando Holdings, Ltd., Buckshot Holdings, Ltd., 101010307 Saskatchewan Ltd., 101012190 Saskatchewan Ltd., and 101027101 Saskatchewan Ltd. In addition, Fort a la Corne Diamond Fields, Inc. acted as the claims and exploration manager for the five companies above, as well as, the claims held by Morgain Minerals, Inc. Each of these companies have agreed to transfer 100% of the Mineral Claims to the Company in accordance with the Mineral Disposition Regulations of Saskatchewan, 1986.
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posted
As of the Record Date, there were 7,241,653,404 shares of Common Stock issued and outstanding. The Common Stock constitutes the outstanding class of voting securities of the Company. Each share of Common Stock entitles the holder to one (1) vote on all matters submitted to the shareholders.
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posted
Legal you still forgot to mention the UC and family only held 10.7% of that 7.24 billion o/s. And that they used written consent in lieu of a shareholders meeting to vote 51% for matters the shareholders should have been told about and let vote on themselves.
-------------------- Invest with your brain not with your heart.
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posted
If you figure that UC and Family still only hold 10% then there is 630 billion shares in float possibly. Hey they may still only hold the 700 Million. Theres all kinds of possiblities now we know the truth and UC never held a majority in the company.
-------------------- Invest with your brain not with your heart.
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posted
Why would UC want to own any shares in this scam. But really what CEO owns street shares. Thats almost the craziest thing that I have ever heard. Then of course he has been selling unregistered shares why not buy them, lol. But if UC had anything legal about him then he would have to register all his shares being CEO and holding over 5%.
-------------------- Invest with your brain not with your heart.
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posted
If you owned more then 5% then it would be illegal to not register your shares. If not then what does it matter they are just like us a stuck stockholder with no real value for our shares.
quote:Originally posted by Highwaychild: and family/friends/JV partners?
-------------------- Invest with your brain not with your heart.
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posted
Hey, Up, I even confirmed I talked to the same person at Global!!!! Proof enough!! Ask UC. Send me my 15 cents.
Going back over some of that old stuff I saw something I had forgotten all about. Remember "the traveling jade museum show"?
"On December 30, 2002, the company acquired Fifty Million Dollars ($50,000,000) worth of Ancient Chinese Jade as appraised by Elizabeth Childs-Johnson, from Opal Financial and Development Corporation, for a total of Five Hundred Million Shares (500,000,000) of common stock of the corporation. The company intends to use the Jade for forthcoming exhibitions in conjunction with Casavant Diamonds to promote the Casavant name.
In addition, the majority shareholders approved the Company's time-shared acquisition on December 30, 2002 of an ancient Chinese jade collection appraised by experts at $50,000,000 in return for 500,000,000 common voting shares. The Company believes that the jade collection will provide it with both a $50,000,000 asset base for reporting purposes and it will also serve as the centerpiece for a traveling jade museum show in venues throughout North America, including Las Vegas, NV (where major hotels and casinos have offered world master artwork collections, treasuries of the Russian Czars, treasurers from the Titanic, and motorcycle collections as revenue generating tourist attractions.
Note: "centerpiece for a traveling jade museum show " above. Sounds a bit like a carnival, huh?
Also this: "in conjunction with Casavant Diamonds to promote the Casavant name.". Yeah, forget about the company, pump the family name.
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posted
"PAYMENT IN SHARES. On or before Closing of this Agreement or as otherwise agreed to by the Parties, CMKI shall pay to the Seller and its designees the sum of not less than 2,800,000,000 of its common voting shares in certificate form and the sum of $2,000,000."
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posted
UC has a large family, IMO, alot of friends, and alot of jv partners that are *in* with him.Let's just say for arguments sake,if just 100 people had 5 bil. in street shares you have 1/2 a tril.
Then you through in guys like Sterling and people that is purported having 1 bil or more that are close-knit.Well how you going to add that up?
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quote:Originally posted by legaleagle: "In order to effectuate the merger with the Casavant Mineral Claims, the majority shareholders' holding more than 51% of the voting shares approved an increase in the authorized capital of the Company from 500,000,000 to 10,000,000,000 with the cancellation of all Preferred shares. Prior to this action, the Company had 3,000,000 Preferred shares authorized with 1 Preferred share issued and outstanding. This Preferred share had been purchased by the majority shareholders in 2001 for $235,000 from the Jarvis Entertainment Group, Inc., thereby giving them voting control of the Company."
legal, I read that info earlier and specifically did not see the word "authorized" in that language. Did I misss it or did you take license?
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posted
THE CASAVANT FAMILY MAY HAVE ONLY HELD 170.3 MILLION SHARES BEFORE THEY SOLD THE BUCKSHOT,COMMANDO, SAST LTD ET AL, BUT AFTER THE FAMILY RECEIVED THE 2.8 BILLION FROM THE SALE THE CASAVANT SHAREHOLDINGS WERE SUBSTANTIALLY CHANGED.
Urban Casavant 600,000,000 8.3%
Casavant Family As A Group 170,300,000 2.4%
Shares to all family 2,800,000,000
Total 3,570,300,000
"Total issued and outstanding shares as of January 15, 2003 was 7,241,653,404 common shares."
3,570,300,000 divided by total os 7,241,653,404 equals 50% The Combined Casavant held 50% of the entire OS from the beginning.
quote:Originally posted by legaleagle: "In order to effectuate the merger with the Casavant Mineral Claims, the majority shareholders' holding more than 51% of the voting shares approved an increase in the authorized capital of the Company from 500,000,000 to 10,000,000,000 with the cancellation of all Preferred shares. Prior to this action, the Company had 3,000,000 Preferred shares authorized with 1 Preferred share issued and outstanding. This Preferred share had been purchased by the majority shareholders in 2001 for $235,000 from the Jarvis Entertainment Group, Inc., thereby giving them voting control of the Company."
legal, I read that info earlier and specifically did not see the word "authorized" in that language. Did I misss it or did you take license?
posted
Focus, guys. This is 2005. What do they hold NOW? I still call for an immediate filing to dispel all the rumors. How about it, UC???????????????????????????
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quote:Originally posted by legaleagle: Street Shares: 148,781,373,416 Cert Shares: 17,484,506,779 Total Shares: 166,265,880,195 Signed Agreements: 2254
I'll send in my money as soon as CMKX gives me a PPS that I can get $25.00 from. Not before.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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posted
I am sure he sold that quickly too for needed cash. I mean he didn't file any forms so who knows what he did with those shares. He couls still on them and now has 3 billion shares of the 703 billion o/s. Who knows since he stole your votes and approved everything with the written consent giving on the Jan special meeting.
-------------------- Invest with your brain not with your heart.
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quote:Originally posted by glassman: i saw that legal but it it also says that those comapanies were not UC and family...
so which is it?
WHERE ARE YOU SEEING THAT THEY DIDN'T?
The Mineral Claims were held in the name of five companies owned directly and/or beneficially by the Casavant Family and Morgain Minerals, Inc
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posted
If he didnt sell those shares, where did he get the money to buy portions of other companyies. Some cash had to be involved somewhere. I doubt if ALL these JVs were dumb enough to take shares in CMKX.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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quote:Originally posted by Ric: I am sure he sold that quickly too for needed cash. I mean he didn't file any forms so who knows what he did with those shares. He couls still on them and now has 3 billion shares of the 703 billion o/s. Who knows since he stole your votes and approved everything with the written consent giving on the Jan special meeting.
DID YOU MISS THIS PART RIC?
"Total issued and outstanding shares as of January 15, 2003 was 7,241,653,404 common shares."
"3,570,300,000 divided by total os 7,241,653,404 equals 50% The Combined Casavant held 50% of the entire OS from the beginning."
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