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Originally posted by Otttoman:
For what it's worth:

http://www.stockpatrol.com/article/key/update_cmkm1005

October 25 2005

CMKM Diamonds, Inc. (Pink Sheets: CMKX) is ready to give up the ghost. The Company declared “No Mas” this week, abandoning its fight against the Securities and Exchange Commission and asking an Administrative Law Judge to revoke registration of all CMKM securities “immediately.” CMKM’s public act is done. The Company, which previously has kept its financial status a closely guarded secret, now concedes that it lacks money to operate.

CMKM’s ignominious end has management running for the door. Robert Maheu, the former Howard Hughes aide who joined CMKM Board of Directors earlier this year, has resigned – apparently willing to walk away from any money still owed to him by the Company. CMKM Diamonds, Inc. – Do New Directors Mean a New Direction? Maheu, who purportedly was brought aboard to bring CMKM into compliance with federal securities laws – and perhaps avoid the inevitable revocation of registration - demonstrated little knowledge of CMKM’s history or operations when he testified in the SEC proceedings.

Maheu, who joined the Company with considerable fanfare in January 2005, departed quietly on October 10. Soon, he will be followed by Urban Casavant, the Company’s sole remaining director and officer, who says he plans to resign for unspecified “health concerns.”

CMKM leaves in its wake a host of unfulfilled promises. The Company has been scrambling to dispose of assets, hastened by its default on these key agreements:

• CMKM agreed to spend $500,000 on exploration of certain property at Hachet Lake in Canada under the terms of an October 23, 2004 agreement with United Carina Resources Corp. CMKM failed to make required payments because it lacked necessary funds;
• Pursuant to the terms of an agreement with 101047025 Saskatchewan Ltd., CMKM was required to provide necessary capital for the maintenance of claims in the Smeaton Forte a la Corne area of Saskatchewan, Canada, as well as drilling and exploration expenses. CMKM defaulted on the agreement because it lacked funds to meet these obligations.
• CMKM also defaulted on two separate agreements with Nevada Minerals, Inc. The Company had agreed to provide funding for maintenance, drilling and exploration of property at Forte Diamond in Saskatchewan, Canada. It was unable to do so because it lacked funds. CMKM also failed to meet its obligations to Nevada Minerals regarding “the American Shaft” project in Ecuador.

According to a Form 8-K filed by CMKM on October 24, 2005, the Company has now transferred its remaining rights and obligations under these various agreements to yet another obscure Canadian mining company, Entourage Mining Ltd. (OTCBB: ETGMF). On October 20, 2005, CMKM assigned its 50% interest in United Carina Resources’ Hatchet Lake claims; its 36% interest in the Forte Diamond property; and its portion of the Forte a La Corne claims, to Entourage. In exchange, CMKM will receive 55 million shares of Entourage stock.

CMKM says that it plans to distribute the Entourage shares to existing CMKM shareholders – presumably including Casavant. Considering the number of CMKM shares presently outstanding – more than 700 billion shares as of March 2005, according to the Company – CMKM’s public shareholders can expect to receive an infinitesimal interest in Entourage. In any event, the deal will collapse unless Entourage raises a minimum of $1,050,000 in equity financing by October 28, 2005.

CMKM says that a task force consisting of Mr. Maheu and two attorneys who have been involved with the pending SEC litigation – Bill Frizell and Donald Stocklein – will assist with the distribution of the Entourage shares to CMKM’s shareholders.

And what of Entourage? The Canadian company is based in Vancouver, Canada and, like CMKM, has no assets. What do investors know about Entourage and what are the prospects for that Company? That is another story for another day.

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Originally posted by DIGDOUGH:
Does anybody know what I can do with my cmkm spinoff divdidend shares?
I also have some Juania mining and us/canadian minerals.

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Originally posted by DIGDOUGH:

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Originally posted by legaleagle:
Can any one of the negs here point out anything that they have predicted that has actually come true.


To FULL fruition?

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Still ain't worth a damn.

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