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8K out
Oct 24, 2005 4:14:18 GMT -6
Post by abby52 on Oct 24, 2005 4:14:18 GMT -6
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8K out
Oct 24, 2005 4:19:40 GMT -6
Post by abby52 on Oct 24, 2005 4:19:40 GMT -6
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On October 20, 2005, Mr. Robert A. Maheu notified CMKM of his resignation as a member and Co-Chairman of the Board of Directors. His resignation was effective as of 10:00 a.m. on October 20, 2005. CMKM believes it is in the best interest for the company to accept Mr. Mahue’s resignation as a director due to CMKM’s current lack of funds to continue its operations and in anticipation of a distribution to CMKM stockholders of the anticipated receipt of the Entourage stock, whereby Mr. Maheu has agreed to lend his assistance to CMKM and its stockholders as a consultant, trustee, or in any other capacity as needed during the winding up of CMKM’s affairs. Additionally, Mr. Maheu has agreed to waive his rights to any past financial obligations due him from CMKM.
Mr. Urban Casavant will remain as the sole officer and director of CMKM until the affairs of CMKM are wound up. As a result of health concerns, Mr. Casavant intends to resign as the sole officer and director effective immediately upon a determination that all shares and other assets of CMKM have been properly disbursed to its stockholders.
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8K out
Oct 24, 2005 4:27:39 GMT -6
Post by starfire1 on Oct 24, 2005 4:27:39 GMT -6
Mr. Maheu's job is done.
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Oct 24, 2005 4:33:00 GMT -6
Post by abby52 on Oct 24, 2005 4:33:00 GMT -6
and we want to be revoked....
"CMKM has requested the Commission withdraw the petition and institute the Initial Decision of the Administrative Law Judge revoking registration of the common stock of CMKM pursuant to Section 12(j) of the Exchange Act effective immediately."
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8K out
Oct 24, 2005 4:35:41 GMT -6
Post by abby52 on Oct 24, 2005 4:35:41 GMT -6
assets of CMKX will be distributed to shareholders... Entourage stock will be distributed...
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Oct 24, 2005 4:36:32 GMT -6
Post by tramp on Oct 24, 2005 4:36:32 GMT -6
looks like we are moving..
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Oct 24, 2005 4:41:02 GMT -6
Post by digby on Oct 24, 2005 4:41:02 GMT -6
I can't say why, but for some reason, I don't feel this is either the end nor is it bad news. Have to gather my thoughts to make this more understandable.
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8K out
Oct 24, 2005 4:41:13 GMT -6
Post by mineralsrus on Oct 24, 2005 4:41:13 GMT -6
hmmmmm
interesting 8k
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8K out
Oct 24, 2005 4:44:32 GMT -6
Post by tramp on Oct 24, 2005 4:44:32 GMT -6
and we don't know what any ratio will be based on, others are thinking its based on 703.5 billion..
dig... there will be more to come.. this was supposed been friday's 8k..
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8K out
Oct 24, 2005 4:44:49 GMT -6
Post by mineralsrus on Oct 24, 2005 4:44:49 GMT -6
whereby Mr. Maheu has agreed to lend his assistance to CMKM and its stockholders as a consultant, trustee, or in any other capacity as needed during the winding up of CMKM’s affairs.
Winding up....?
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Oct 24, 2005 4:48:24 GMT -6
Post by starfire1 on Oct 24, 2005 4:48:24 GMT -6
Read the other pinned thread...we asked to be revoked
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Oct 24, 2005 4:48:38 GMT -6
Post by diamonddonna41 on Oct 24, 2005 4:48:38 GMT -6
pro rata ====proportionately according to an exactly calculable factor (as share or liability)
i still dont know what that means. is that a good thing for us?
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8K out
Oct 24, 2005 4:50:29 GMT -6
Post by digby on Oct 24, 2005 4:50:29 GMT -6
I was thinking that this might be the ultimate "Casavant Maneuvor". He effectively locks in all naked short positions, places us in a fully reporting, cash-rich company that has the means to exploit our land claims. In order to clean up all these Naked positions (at least with regards to the divy's), Entourage's stock price should shoot through the roof.
Still don't have a good grasp of this. It'll take a while.
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8K out
Oct 24, 2005 4:53:05 GMT -6
Post by doughboy on Oct 24, 2005 4:53:05 GMT -6
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On October 20, 2005, Mr. Robert A. Maheu notified CMKM of his resignation as a member and Co-Chairman of the Board of Directors. His resignation was effective as of 10:00 a.m. on October 20, 2005. CMKM believes it is in the best interest for the company to accept Mr. Mahue’s resignation as a director due to CMKM’s current lack of funds to continue its operations and in anticipation of a distribution to CMKM stockholders of the anticipated receipt of the Entourage stock, whereby Mr. Maheu has agreed to lend his assistance to CMKM and its stockholders as a consultant, trustee, or in any other capacity as needed during the winding up of CMKM’s affairs. Additionally, Mr. Maheu has agreed to waive his rights to any past financial obligations due him from CMKM. Mr. Urban Casavant will remain as the sole officer and director of CMKM until the affairs of CMKM are wound up. As a result of health concerns, Mr. Casavant intends to resign as the sole officer and director effective immediately upon a determination that all shares and other assets of CMKM have been properly disbursed to its stockholders. Urban is also resigning after all shares and other assets have been properly disbursed to its stockholders. ;D ;D Are we on our way to the new company/conclomerate or what?
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8K out
Oct 24, 2005 4:54:16 GMT -6
Post by mcup[385] on Oct 24, 2005 4:54:16 GMT -6
As a result of health concerns, Mr. Casavant intends to resign as the sole officer and director effective immediately upon a determination that all shares and other assets of CMKM have been properly disbursed to its stockholders.
I think "properly" is the key!
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8K out
Oct 24, 2005 4:54:34 GMT -6
Post by spoal on Oct 24, 2005 4:54:34 GMT -6
"One door closes another one opens". Andy knew exactly what he was talking about.
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Oct 24, 2005 4:55:11 GMT -6
Post by starfire1 on Oct 24, 2005 4:55:11 GMT -6
Item 8.01 Other Events
On October 21, 2005, the Board of Directors of CMKM approved the formation of a task force consisting of Mr. Robert A. Maheu, Mr. Donald J. Stoecklein, and Mr. Bill Frizzell for the purpose of assisting CMKM and Mr. Maheu, as a designated trustee, to conduct an orderly and verifiable pro rata liquidating distribution of any Entourage shares as reference herein and any other available assets of CMKM.
Mr. Maheu has been selected by the Board of Directors to oversee and facilitate the distribution of the Entourage shares and all other assets. Mr. Maheu has been directed by the sole officer and director of CMKM, Mr. Urban Casavant, to use all means possible, including filing appropriate actions in either Federal or State court, to assure that the bona fide stockholders of CMKM receive a pro rata distribution of the 50 million Entourage shares and any other assets of CMKM.
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Procedures for facilitating the pro rata distribution of Entourage shares, based upon a verifiable ownership of CMKM shares is being implemented by the CMKM board and the herein referenced task force. A future filing and/or communications will provide information as the procedure.
As a result of the recent events surrounding CMKM, the Stoecklein Law Group has been requested by the Board of Directors of CMKM to withdraw its Petition for Review in the Matter of CMKM Diamonds, Inc., Administrative Proceeding File No. 3-11858. On October 21, 2005, a formal withdrawal of its petition for review to the Securities and Exchange Commission was submitted. CMKM has requested the Commission withdraw the petition and institute the Initial Decision of the Administrative Law Judge revoking registration of the common stock of CMKM pursuant to Section 12(j) of the Exchange Act effective immediately.
A copy of the withdrawal is attached hereto as Exhibit 99.2.
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8K out
Oct 24, 2005 4:57:59 GMT -6
Post by mcup[385] on Oct 24, 2005 4:57:59 GMT -6
"Mr. Maheu has been directed by the sole officer and director of CMKM, Mr. Urban Casavant, to use all means possible, including filing appropriate actions in either Federal or State court, to assure that the bona fide stockholders of CMKM receive a pro rata distribution of the 50 million Entourage shares and any other assets of CMKM."
Again, this is key
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Oct 24, 2005 4:58:40 GMT -6
Post by windrider on Oct 24, 2005 4:58:40 GMT -6
Ummm what if UC is the "only" shareholder?
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Oct 24, 2005 4:59:24 GMT -6
Post by starfire1 on Oct 24, 2005 4:59:24 GMT -6
Was it Andy or Jay that said that Entourage was "casavant Maneuver 1" ? "One door closes another one opens". Andy knew exactly what he was talking about.
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Oct 24, 2005 4:59:40 GMT -6
Post by mcup[385] on Oct 24, 2005 4:59:40 GMT -6
And evidently Friz is part of the posse...
Go get 'em, guys!
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8K out
Oct 24, 2005 5:00:11 GMT -6
Post by mineralsrus on Oct 24, 2005 5:00:11 GMT -6
pro rata ====proportionately according to an exactly calculable factor (as share or liability) i still dont know what that means. is that a good thing for us? Well I guess we will receive shares according to the current O/S Now what is that O/S? If the O/S is low, then the MM's will have to cover the naked distibution. Did we just drop the bomb on the MM's by this 8K Depends on the O/S If the O/S is 703B the our prorata in entourage will be 7.11237553 × 10-5 which is .000071124 / share So for every 1 million shares you should receive 71.123 shares. of entourage. lets say that the current pps pps of entourage is .50¢ then for every 1 million shares of CMKX you will get $35.56 everything above is approximate based on an O/S 703 Billion and an Entourage PPS of .50¢
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8K out
Oct 24, 2005 5:03:56 GMT -6
Post by c5steve on Oct 24, 2005 5:03:56 GMT -6
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On October 20, 2005, Mr. Robert A. Maheu notified CMKM of his resignation as a member and Co-Chairman of the Board of Directors. His resignation was effective as of 10:00 a.m. on October 20, 2005. CMKM believes it is in the best interest for the company to accept Mr. Mahue’s resignation as a director due to CMKM’s current lack of funds to continue its operations and in anticipation of a distribution to CMKM stockholders of the anticipated receipt of the Entourage stock, whereby Mr. Maheu has agreed to lend his assistance to CMKM and its stockholders as a consultant, trustee, or in any other capacity as needed during the winding up of CMKM’s affairs. Additionally, Mr. Maheu has agreed to waive his rights to any past financial obligations due him from CMKM. Mr. Urban Casavant will remain as the sole officer and director of CMKM until the affairs of CMKM are wound up. As a result of health concerns, Mr. Casavant intends to resign as the sole officer and director effective immediately upon a determination that all shares and other assets of CMKM have been properly disbursed to its stockholders. Obviously we do not have any type of settlement coming if the company is letting Maheu go since "CMKM’s current lack of funds to continue its operations". Why do they continue to fund Bartone at a couple mill a year? Maybe CMKX feels the only move now is a merger and screw shorty with a short squeeze.
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8K out
Oct 24, 2005 5:07:30 GMT -6
Post by spoal on Oct 24, 2005 5:07:30 GMT -6
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On October 20, 2005, Mr. Robert A. Maheu notified CMKM of his resignation as a member and Co-Chairman of the Board of Directors. His resignation was effective as of 10:00 a.m. on October 20, 2005. CMKM believes it is in the best interest for the company to accept Mr. Mahue’s resignation as a director due to CMKM’s current lack of funds to continue its operations and in anticipation of a distribution to CMKM stockholders of the anticipated receipt of the Entourage stock, whereby Mr. Maheu has agreed to lend his assistance to CMKM and its stockholders as a consultant, trustee, or in any other capacity as needed during the winding up of CMKM’s affairs. Additionally, Mr. Maheu has agreed to waive his rights to any past financial obligations due him from CMKM. Mr. Urban Casavant will remain as the sole officer and director of CMKM until the affairs of CMKM are wound up. As a result of health concerns, Mr. Casavant intends to resign as the sole officer and director effective immediately upon a determination that all shares and other assets of CMKM have been properly disbursed to its stockholders. Obviously we do not have any type of settlement coming if the company is letting Maheu go since "CMKM’s current lack of funds to continue its operations". Why do they continue to fund Bartone at a couple mill a year? Maybe CMKX feels the only move now is a merger and screw shorty with a short squeeze. I don't know about a settlement but I think the "lack of funds" lingo is just to apease the SEC and hurry along the revocation.
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Oct 24, 2005 5:07:32 GMT -6
Post by mcup[385] on Oct 24, 2005 5:07:32 GMT -6
Trust the Team!
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