quote:Originally posted by legaleagle: OK, I'll do this one more time. I don't pump this stock. That would mean I am encouraging people to buy it. Quite frankly, I think 50,000+ shareholders is way too many. I don't want anymore people involved. So here it is:
PLEASE DON'T BUY CMKX
Now with that said, what really irritates so many here is that I believe in the stock and post alternatives to the bashing. I believe it is a legal play for the NS issues. And I believe that they have the goods in Sask and in Ecuador. I have many good reasons to believe that the Justice Dept involved itself in this stock for the purpose of identifying, tracking and apprehending some very bad people who were manipulating it and Urban. The arrest and arraignment of Gary Walters is the beginning of a series of indictments and arrests. And his arrest by the LV Director of Homeland Security should speak volumes about who the bad guys are working with. Stay tuned.
The SGGM revocation today is a good and positive thing for CMKX. Look who Haseltine tendered his resignation to. Bruce Harlan of PCBM / SRCI. Follow that trail and you will begin to see the connections between them and the bad guys as well. SGGM has served it's purpose in assisting in tracking funds, shares and players. CMKXers received no dividend of the shares produced for CMKX and I haven't lost anything on the stock. As a matter of fact I played some of the early trading run for a good profit and got out.
But a pumper? NO. An anti-basher? YES The bashers here know no more than the company wants them to hear. And that is very little at the present time, and for good reasons.
As usual, IMO
Legal-
Nice post, but I'm not buying it. You say you are not a pumper, but your actions prove otherwise. You are a subtle pumper. You saying that you're not a pumper is like a KKK member saying they're not racist but they don't like black people.
And what does the number of shareholders have to do with anything? The number you should be concerned about is the 703 billion shares that your buddy UC authorized.... and then gave MOUNTAINS to friends and family.
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posted
One more thing.... the revocation of SGGM today did prove that CMKX is affiliated with dirty people and thus makes they themselves are dirty. I love how you guys portry UC and cohorts as innocent. UC scammed you.... and I think he scammed old man Maheu too.
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quote:Originally posted by santacruzblur: One more thing.... the revocation of SGGM today did prove that CMKX is affiliated with dirty people and thus makes they themselves are dirty. I love how you guys portry UC and cohorts as innocent. UC scammed you.... and I think he scammed old man Maheu too.
Well if all of the JV's had to sign off on a SEC brokered settlement agreement then you wouldn't expect a "dirty one" to agree would you?
BTW, didn't I see USCA still trading today, a year after their SEC investigation began?
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quote:Originally posted by legaleagle: Ed: "WHY does the company not want its faithful shareholders to know what is going on? That is the main question. Why are they silent?"
Ed, the company will be more forthcoming after the indictments are unsealed.
I hope we all live that long....LOL
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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posted
USCA didn't dump billions of shares into the market. USCA did however have to clear up statements made by cmkx & the cmkx cult about finding the goods. a point that seems to be ignored by the cult. in the 10-K right after the USCA halt it states in no uncertain terms no kimberlite has been found in amounts that would justify further exploration. remember USCA has rights to all of CMKX's claims. SGGM however was a dumping machine. they dumped millions of shares on each of those early 2005 prs. much in the same manor that cmkx did in 2004. they didn't hit the billions a day dump but the pps was .02 & billions would have dropped it to .0002 thus giving away the dilution. cmkx was in the billions & had a .0002 pps when the dumping started thus harder to see the dilution.
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
Bill you really must start reading these reports before you "accidentally" mislead those innocent investors who come here seeking your expertise on this stock.
Where exactly in the 10K do you find anything related to USCA's relationship with CMKX pertaining to the report of not having found any viable diamonds? This is a separate and non-related deal, carried out between USCA and Ed Dhonau, owner of Nevada Minerals. It has absolutely nothing to do with any of the 1.5 million acres of CMKX.
And in addition, this report only applies to "preliminary" test and sampling. This is now a year old and much more exploration has been done since then.
"On January 20, 2004, the Company acquired from Nevada Minerals, Inc. a 20% interest in the mineral rights to 500,000 acres in Saskatchewan Canada near Fort a La Corne (the "Fort a La Corne Property"). The Company issued 15,000,000 shares of its common stock to Nevada Minerals as consideration for such rights. On July 18, 2004, Nevada Minerals conveyed an additional 20% interest in the mineral rights to the Fort a La Corne Property to the Company for 100,000 Preferred A shares, giving the Company an aggregate 40% of the mineral rights to the Fort a La Corne property. The mineral rights include the right to explore and exploit all minerals discovered in the fort a La Corne property. The Company hopes, based upon certain magnetic imaging technology, that the Fort a La Corne Property contains kimberlites with diamonds. Kimberlites are raw materials in which diamonds are sometimes found. The Company has conducted preliminary drilling and obtained core samples that are presently being examined in a geological laboratory. So far none of these samples has kimberlites in commercially viable quantities and there can be no assurance that any kimberlite with commercially viable quantities of diamonds will ever be found on the Fort a La Corne Property."
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posted
Legal yes they are revoked but under appeal. SGGM is not got a final order either. They have 21 days just like cmkx did to file a appeal.
This is similar to going to trial and getting convicted of a crime but released on bail while waiting on a appeal. Even though a jury convicted you, you are released while appealing the verdict and if the ruling is overturned then the conviction is over turned. Same hear, if the commision overturns the revocation then no final order is issued.
ORDER Based on the findings and conclusions set forth above:
IT IS ORDERED THAT, pursuant to Section 12(j) of the Securities Exchange Act of 1934, the registration of each class of securities of CMKM Diamonds, Inc., is hereby REVOKED.
-------------------- Invest with your brain not with your heart.
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posted
From the above link. It just amazes me why the cult don't understand why UC really took the fifth. Where did a security guard get millions of dollars to loan CMKX. Just like the question of where did the 200 billion of sggm shares go to? CMKX sold billions of shares yet is 36 million in debt with no operating expense yet UC has millions to loan the company? Makes you say hum.
Almost forgot about the missing documents about what happened to the Jade collection and where the 56 million went too.
The draft ledger for 2003 reflects that deposits were made into CMKM Diamonds's bank account. (Tr. 193-96.) These deposits were not revenues earned by the company; instead, they were loans from Casavant. (Tr. 194-96.) The draft ledger for 2003 reflects no revenues because the company was not engaged in any revenue-producing activities. (Tr. 193-96; Div. Ex. 58.) Similarly, the draft ledger for 2004 reflects no business operations and no revenues or income.10 (Tr. 196-97; Div. Ex. 58.) CMKM Diamonds had an accumulated deficit of more than $36 million as of December 31, 2004. (Tr. 197-203.)
-------------------- Invest with your brain not with your heart.
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posted
I don't like calling someone a moron but if the shoe fits:
wamcmkx Diamondologist Today at 5:25pm
If the rumor is true that cmkx has sold some of its claims, then sggm gets 5% of the action. That is where sggm would get the money for a cash div. I tried to buy sggm today *.003 after the news but couldn't get it done. Will try tomorrow *.005 and see what happens.
I refuse to believe that 5% of cmkx claims a FALC are worthless and I will put money into sggm to back it up.
wamcmkx
-------------------- Invest with your brain not with your heart.
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posted
"So far none of these samples has kimberlites in commercially viable quantities and there can be no assurance that any kimberlite with commercially viable quantities of diamonds will ever be found on the Fort a La Corne Property."
ya think that qualifies as no commercially viable kimberlite???? of course now that properity is out of the cmkx family as nevada minerals told UC he could have his shares back for $2 million....$2 million UC has yet to pay as far as we know. as for money lent to USCA to pay for the cmkx deal by UC...wanna bet thats where SGGM got the $10 million from too??? as wallace pointed out yesterday & i pointed out a few months ago its called money laundering. the idea of money laundering is to trade dirty cash for nothing but smoke & mirrors & get clean money back....lets see 5% of cmkx's claims...if there is no more cmkx thats 5% of nothing....200 billion shares....in early 2005 on every one of those great looking sggm prs millions of shares were dumped into the o/s...i wonder how many were UC's, thats called interest. as for who started all this scammin...note the article stating how UC's brother is a know securities scammer & on the board at the start. i'd say its a family tradition.
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
How many times have we asked legal to comment on the number of OS? How many times has he responded to this question? ZERO. Talk about not seeing the handwriting on the wall....
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and here is more stuff sggm & cmkx, the copy format got messed up , sorry
INITIAL DECISION RELEASE NO. 298 ADMINISTRATIVE PROCEEDING FILE NO. 3-11971 UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION Washington, DC ___________________________________ In the Matter of : : : INITIAL DECISION ST. GEORGE METALS, INC. : September 29, 2005 : ___________________________________ APPEARANCES: Leslie A. Hakala and Gregory C. Glynn for the Division of Enforcement, Securities and Exchange Commission St. George Metals, Inc., pro se BEFORE: Robert G. Mahony, Administrative Law Judge PROCEDURAL HISTORY The Securities and Exchange Commission (Commission or SEC) issued its Order Instituting Proceedings (OIP) on July 1, 2005, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Exchange Act). The OIP alleges that the common stock of St. George Metals, Inc. (St. George Metals), is registered with the Commission pursuant to Section 12(g) of the Exchange Act. The OIP further alleges that, since registering its stock, St. George Metals has not filed an annual report on Form 10-K or 10-KSB since April 26, 2002, or a quarterly report on Form 10-Q or 10-QSB since November 14, 2002. As a result, the OIP alleges that St. George Metals has failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder. St. George Metals filed an Answer to the OIP. At a prehearing conference held on July 28, 2005, I granted the Division of Enforcement (Division) leave to file a motion for summary disposition. See 17 C.F.R. § 201.250. The Division filed its motion for summary disposition with supporting declaration and exhibits on August 30, 2005. St. George Metals failed to file a 2 response, due by September 16, 2005, and the Division filed a concluding brief on September 21, 2005.1 STANDARDS FOR SUMMARY DISPOSITION Rule 250(a) of the Commission’s Rules of Practice, 17 C.F.R. § 201.250(a), provides that after a respondent has filed an answer and documents have been made available to that respondent for inspection and copying, a party may make a motion for summary disposition of any or all allegations of the OIP with respect to that respondent. The facts of the pleadings of the party against whom the motion is made shall be taken as true, except as modified by stipulations or admissions made by that party, by uncontested affidavits, or by facts officially noted pursuant to Rule 323 of the Commission’s Rules of Practice, 17 C.F.R. § 201.323. Rule 250(b) of the Commission’s Rules of Practice, 17 C.F.R. § 201.250(b), requires the administrative law judge promptly to grant or deny the motion, or to defer decision on the motion. The administrative law judge may grant the motion for summary disposition if there is no genuine issue with regard to any material fact and if the party making the motion is entitled to summary disposition as a matter of law.
St. George Metals does not dispute that it has failed to file required annual reports since April 26, 2002, and required quarterly reports since November 14, 2002. (Answer at 1.) St. George Metals asserts that it has been “dormant for the past two years, and has neither conducted any business nor had access to any capital,” which resulted in it not being able to file periodic reports on a timely basis. (Answer at 1.) In September 2004, St. George Metals announced that it had reached an agreement with CMKM Diamonds, Inc. (CMKM), in which St. George Metals would purchase five percent of CMKM’s mineral claims for $10 million and 200 billion restricted shares of St. George Metals’s stock.2 (Div. Ex. 8.) On September 28, 2004, St. George Metals announced that it had completed the $10 million payment to CMKM. (Div. Ex. 9.)
ORDER Based on the findings and conclusions set forth above: IT IS ORDERED that the Division of Enforcement’s Motion for Summary Disposition is GRANTED; and IT IS FURTHER ORDERED that, pursuant to Section 12(j) of the Securities Exchange Act of 1934, the registration of each class of securities of St. George Metals, Inc., is hereby REVOKED. This Initial Decision shall become effective in accordance with and subject to the provisions of Rule 360 of the Commission’s Rules of Practice, 17 C.F.R. § 201.360. Pursuant to that Rule, a party may file a petition for review of this Initial Decision within twenty-one days after service of the Initial Decision. A party may also file a motion to correct a manifest error of fact within ten days of the Initial Decision, pursuant to Rule 111 of the Commission’s Rules of Practice, 17 C.F.R. § 201.111. If a motion to correct a manifest error of fact is filed by a party, 6 then that party shall have twenty-one days to file a petition for review from the date of the undersigned’s order resolving such motion to correct a manifest error of fact. The Initial Decision will not become final until the Commission enters an order of finality. The Commission will enter an order of finality unless a party files a petition for review or a motion to correct a manifest error of fact or the Commission determines on its own initiative to review the Initial Decision as to a party. If any of these events occur, the Initial Decision shall not become final as to that party. ____________________________ Robert G. Mahony Administrative Law Judge
2 The registration of CMKM’s stock was revoked for failing to file periodic reports on July 12, 2005. CMKM Diamonds, Inc., Initial Decision Release No. 291 (July 12, 2005). The Commission has yet to decide CMKM’s appeal of that decision.
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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quote:Originally posted by Ric: I don't like calling someone a moron but if the shoe fits:
wamcmkx Diamondologist Today at 5:25pm
If the rumor is true that cmkx has sold some of its claims, then sggm gets 5% of the action. That is where sggm would get the money for a cash div. I tried to buy sggm today *.003 after the news but couldn't get it done. Will try tomorrow *.005 and see what happens.
I refuse to believe that 5% of cmkx claims a FALC are worthless and I will put money into sggm to back it up.
wamcmkx
SGGM now at .0001. That should make this guy real happy. He's probably going to buy a pants load of them.
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posted
bill: "wanna bet thats where SGGM got the $10 million from too???"
Actually if I were a betting man, I would bet on the $10 million coming from the PCBM / SRCI folks. Re: an old stock swap deal with UC that few know about. That's why Haseltine submitted his resignation to Bruce Harlan of PCBM / SRCI. You really have to look deeply to find the connections with this company if you want to understand what is going on.
If the SGGM revocation sticks, it becomes a private company, like CIM. If UC then decides to distribute the 200 billion SGGM as a dividend to CMKX shareholders, where will shorty get the shares to cover?
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posted
LOL!!!! The funniest chit I've seen all day....thanks Ric, I needed a good laugh
quote:Originally posted by Ric: Does this look familar
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;)
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posted
You got that right. The connections are obvious. Scams that stick together get revoked together. lol
What is sad though about this is the people that actually believe they will recieve rewards from a scam revoked company. Cmkx figured a way to caught shorty when no other company could. Caught what a cold. lol This is really getting funnier. Looks like Lee Web got his last article right.
quote:Originally posted by legaleagle: bill: "wanna bet thats where SGGM got the $10 million from too???"
Actually if I were a betting man, I would bet on the $10 million coming from the PCBM / SRCI folks. Re: an old stock swap deal with UC that few know about. That's why Haseltine submitted his resignation to Bruce Harlan of PCBM / SRCI. You really have to look deeply to find the connections with this company if you want to understand what is going on.
If the SGGM revocation sticks, it becomes a private company, like CIM. If UC then decides to distribute the 200 billion SGGM as a dividend to CMKX shareholders, where will shorty get the shares to cover?
-------------------- Invest with your brain not with your heart.
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Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission Also Street Wire (U-CMKX) CMKM Diamonds Inc
by Lee M. Webb
St. George Metals Inc., a pink sheet shell revived last year in support of U.S. Securities and Exchange Commission (SEC) target Urban Casavant's CMKM Diamonds Inc. promotion, may soon be put to rest again. Administrative Law Judge Robert G. Mahony ordered St. George's stock registration revoked in an initial decision issued on Sept. 29.
As previously reported by Stockwatch, Nevada-incorporated St. George was dusted off last September, reportedly inking a multimillion-dollar deal with Mr. Casavant's massively diluted CMKM.
According to news releases issued by the non-reporting pink sheet companies, resuscitated St. George peeled off $10-million and 200 billion shares for a 5-per-cent stake in mineral claims, primarily located in Saskatchewan, purportedly controlled by CMKM. (All amounts are in U.S. dollars.)
Fantasy
News of the deal sent CMKM's large and excitable Internet following into a tizzy as they quickly worked obscure St. George into their wild fantasies about a secret "master plan" destined to transform Mr. Casavant's floundering pink sheet promotion into the most valuable mining conglomerate in the world.
The news also propelled St. George's share price from its rarely traded subpenny level to 75 cents per share as investors, including many of CMKM's faithful followers, piled into the stock as millions of shares changed hands in the days following the announcement.
St. George's rocketing share price was also worked into the CMKM fantasies as the company's faithful, if naive, Internet followers "did the math." Brooking no criticism, many of CMKM's cult-like followers assigned a staggering value based on the prevailing inflated market price to the 200 billion St. George shares purportedly issued in the deal.
According to the dubious logic of the CMKM fantasists, if a mere 5-per-cent stake in CMKM's mining claims was worth more than $100-billion, then their nascent mining giant was clearly worth $2-trillion or more. For many of the CMKM faithful, the St. George transaction merely confirmed what they had already determined by other, if equally dubious, means.
Many of CMKM's faithful followers, the "true longs," as they often call themselves, were evidently largely untroubled when Stockwatch reported on Sept. 16, 2004, that recently revived St. George was headquartered in the unlikely community of Vegreville, Alta.
They were apparently also unconcerned that Mr. Casavant reportedly told Dow Jones reporter Carol Remond that he really knew nothing at all about St. George.
As reported by Stockwatch, however, Mr. Casavant's brother Victor Casavant, a CMKM shareholder and former securities violator, lived in the small town of Vegreville. Moreover, Vicki Curran, another CMKM shareholder and Mr. Casavant's niece also lived in Vegreville and was St. George's investor relations spokesperson.
CMKM's devoted followers seemed equally untroubled when promised news releases that were supposed to identify St. George's board of directors and the source of the $10-million, among other things, failed to materialize. It is still far from clear whether any of that money actually changed hands.
As St. George remained silent and its share price went into a slide, CMKM's faithful followers moved on to other fantasies about massive diamond discoveries, gold deposits, uranium finds, oil rights and astronomical buyouts, among other things.
CMKM's cult-like followers, the so-called true longs, barely missed a beat when the SEC instituted administrative proceedings seeking to revoke the company's stock registration in March of this year.
Indeed, the SEC action was soon incorporated into new CMKM fantasies about painting the U.S. regulator into a corner, trapping nasty short sellers and forcing a staggering cash settlement from the conspirators on "the dark side," which included the SEC, the Depository Trust and Clearing Corp., hedge funds, market makers and others, according to the CMKM faithful.
Meanwhile, St. George finally stirred again.
On April 25, St. George announced that the board of directors, still unidentified, had appointed U.S. lawyer William B. Haseltine to the position of president, replacing another Vegreville player, Mark Giebelhaus.
The appointment of pink sheet experienced Mr. Haseltine, who boasted some SEC experience, was yet more fodder for some of the CMKM fantasists. They worked Mr. Haseltine, a touted securities lawyer with no obvious mining background, into secret master plan designed to trap short sellers.
While some of CMKM's devoted followers stitched St. George's new president into their patchwork and fluid imaginings, Mr. Haseltine issued a series of fluffy news releases about proposed multimillion-dollar deals involving other obscure mining properties.
Reality
On July 1, less than two weeks before issuing an initial decision ordering CMKM's stock registration revoked, the U.S. regulator instituted an administrative proceeding against St. George for failing to file required periodic reports.
The action against St. George was instituted after the SEC enforcement division contacted Mr. Haseltine and was informed that he was the company's only officer and director and, among other things, he knew nothing about the purported $10-million transaction with CMKM.
Mr. Haseltine, who also served as St. George's legal counsel, subsequently filed a very brief answer to the SEC order instituting administrative proceedings against the company.
In his one-page answer, Mr. Haseltine claimed that St. George had been dormant for the past two years and had neither conducted any business nor had any access to capital. He also said that the company was taking steps to pay its accountants to prepare the overdue SEC reports and expected to become current with its reporting obligations within two weeks.
St. George did not become current with its filings. Indeed, the company made no progress at all with respect to meeting its reporting obligations.
At a subsequent prehearing conference before Judge Mahony, the SEC was granted leave to file a motion for summary disposition of the case.
On Aug. 25, four days before the SEC filed its motion for summary revocation of St. George's stock registration, Mr. Haseltine pulled the plug, resigning his position as the company's lawyer and president.
St. George did not file an opposition brief to the SEC's Aug. 29 motion for summary disposition of the administrative proceeding.
On Sept. 29, Judge Mahony issued his initial decision ordering the revocation of St. George's stock registration.
"St. George Metals's actions were egregious and recurrent," Judge Mahony wrote in part. "St. George does not recognize the wrongfulness of its conduct and has acted with a high degree of scienter.
"For nearly a three-year period, it failed to file a total of 11 required periodic reports.
"Despite its claim that it was dormant and without access to capital the past two years, St. George Metals, starting in late 2004, issued press releases touting purported multimillion dollar deals it had entered, or planned to enter, all while it was out of compliance with the periodic reporting requirements.
"Thus, instead of current audited information, the investing public was forced to rely on self-serving statements."
Reviewing the Steadman factors, a guide to determining the appropriate sanction, Judge Mahony went on to conclude that there was a high probability that St. George would continue to violate the reporting requirements of federal securities laws.
"Viewing the Steadman factors in their entirety, I conclude that the only appropriate sanction for the protection of investors is revocation of the registration of each class of St. George Metals's securities," Judge Mahony wrote.
Barring the filing of a petition for review by lawyerless and headless St. George within 21 days, Judge Mahony's initial decision will become final with the entry of an SEC order of finality.
St. George may soon be permanently put to rest.
Meanwhile, CMKM's revocation order is under appeal and the fantasies and trading continue.
St. George managed to eke out a paltry trading volume of 35,300 shares and closed at one-100th of a penny in the final session of the week.
CMKM notched a far more robust volume of more than 1.6 billion shares and, as it has done for the past many months, also closed at a reported one-100th of a penny on Sept. 30, which may be high because NASD grey-sheet reporting only to four decimal places.
-------------------- Invest with your brain not with your heart.
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posted
It's all part of the sting operation. When all is revealed CMKX, SGGM, USCA, and whatever other pos companies that are/were tied to this abortion will be trading in the 100's of dollars. I'm sorry I sold my CMKX. (In a pig'a ass!!!)
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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