Post by westburbs on May 12, 2008 19:22:13 GMT -6
FAQ Session #13: May 12, 2008
Q) There has been a lot of speculation regarding the drilling that took place, but no one seem to know what commodities have been found on our original claims. Could you provide the shareholders if we did find Oil, Diamonds or Uranium and anything else that might be valuable. Are our original claims near the claims of Oilsands Quest? Are we in any form linked with this company?
A) The Company is not aware of any commercially producible natural resource that has ever been found on any claims once promoted to belong to CMKM Diamonds, Inc.
CMKM Diamonds, Inc. has never had a single claim held in the name of the Company. If our investigation reveals the Company purchased or otherwise acquired rights to claims that may contain value, the Company will give full consideration to its options regarding those claims.
There are numerous maps showing the physical location of all the claims which were promoted by prior management as belonging to the CMKM. The claims list was attached to the 14C which was publicly filed on January 15, 2003. You should be able to make your own determinations of whether any of those claims are near the Oilsands Quest by looking at any of the maps available on the boards or on other web sites. CMKM has no association with Oilsands Quest.
Q) Marco Glisson a.k.a. Delidog was involved in the selling of CMKM certificates for a long period of time. As far as I know, he is not a broker, and not legally entitled to do so. I was surprised he was not one of persons named in the current SEC indictment. Can you shed any light on this?
A) Unfortunately, the company cannot shed any light on your concerns. This is a question that can only be answered by the SEC. The Company has no intimate knowledge of the SEC investigation or to any official questions surrounding the persons that were named (or not named) in the SEC lawsuit. It is our understanding the SEC continues to investigate the present and past selling of unregistered shares by a number of former shareholders.
The Company wants to caution anyone who may be contemplating the purchase of CMKM Diamonds, Inc. stock that it is likely being solicited with promises of unsubstantiated potential future profit. Please see the new High Risk Stock Transaction Waiver that is required to be signed by all parties wishing to be involved in any future transactions requesting changes in ownership of CMKM stock. This waiver was created by CMKM when it was brought to our attention that certain shareholders were continuing the pumping of this stock like prior management engaged in for several years.
Q) When these SEC hearing/trials are set, will you be able to advise the shareholders of the time and place? Can the shareholders attend these proceedings or are they closed to the public?
A) All proceedings before any federal court are open to the public. There should be ample to notice of any scheduled hearings or trials.
Q) Hi I am a shareholder in CMKX. I wanted to know the timing of what is next in terms of court hearings etc? How long will it take to deal with the fails to deliver issue?
A) There are currently no scheduled court dates for any hearings in either Nevada or Canada. It is customary for sometimes lengthy pretrial discovery to occur before there are any scheduled public hearings or trials. Lawyers may be exchanging discovery documents, engaging in depositions, and other matters that will not appear on any court docket sheet. This is customary when matters go to litigation. Shareholders can keep abreast of the current court settings and cases filed in Nevada by going to courtgate.coca.co.clark.nv.us/ and looking up current CMKM Diamonds, Inc. cases.
There is no timeframe available for the issues dealing with fails to deliver.
Q) When all the dust settles down, what type of business will CMKM be involved in? Are some avenues being explored at this time for the business of CMKM post legal wrangling?
A) The company continues its investigations into the disappearance or transfer of all claims that were promoted to the shareholders as being owned or controlled by CMKM. When it is determined what assets belong to the company and what assets can be recovered, the company will proceed to exploit those assets for the benefit of the shareholders. It is current management’s intent to appoint an advisory / nominating committee to recommend candidates for the Board of Directors. The addition of new Board Members will most likely occur before any significant shift in the direction of the company takes place. Yes, current management gives daily consideration to other types of businesses that might be beneficial to the company and its shareholders.
Q) I currently have 1,000,000 shares of CMKM Stock. I would like to know once & for all, is this stock worth more than the paper it is written on?
A) Unfortunately, prior management of the company, insiders and other individuals profited significantly from the sale of illegally issued company stock. This is evidenced by the lawsuits which have been filed by the company and the SEC. It is the company’s policy not to comment on the value of CMKM stock. It should be obvious that the results of the present litigation will be important to the success of the company.
Q) There has been a lot of speculation regarding the drilling that took place, but no one seem to know what commodities have been found on our original claims. Could you provide the shareholders if we did find Oil, Diamonds or Uranium and anything else that might be valuable. Are our original claims near the claims of Oilsands Quest? Are we in any form linked with this company?
A) The Company is not aware of any commercially producible natural resource that has ever been found on any claims once promoted to belong to CMKM Diamonds, Inc.
CMKM Diamonds, Inc. has never had a single claim held in the name of the Company. If our investigation reveals the Company purchased or otherwise acquired rights to claims that may contain value, the Company will give full consideration to its options regarding those claims.
There are numerous maps showing the physical location of all the claims which were promoted by prior management as belonging to the CMKM. The claims list was attached to the 14C which was publicly filed on January 15, 2003. You should be able to make your own determinations of whether any of those claims are near the Oilsands Quest by looking at any of the maps available on the boards or on other web sites. CMKM has no association with Oilsands Quest.
Q) Marco Glisson a.k.a. Delidog was involved in the selling of CMKM certificates for a long period of time. As far as I know, he is not a broker, and not legally entitled to do so. I was surprised he was not one of persons named in the current SEC indictment. Can you shed any light on this?
A) Unfortunately, the company cannot shed any light on your concerns. This is a question that can only be answered by the SEC. The Company has no intimate knowledge of the SEC investigation or to any official questions surrounding the persons that were named (or not named) in the SEC lawsuit. It is our understanding the SEC continues to investigate the present and past selling of unregistered shares by a number of former shareholders.
The Company wants to caution anyone who may be contemplating the purchase of CMKM Diamonds, Inc. stock that it is likely being solicited with promises of unsubstantiated potential future profit. Please see the new High Risk Stock Transaction Waiver that is required to be signed by all parties wishing to be involved in any future transactions requesting changes in ownership of CMKM stock. This waiver was created by CMKM when it was brought to our attention that certain shareholders were continuing the pumping of this stock like prior management engaged in for several years.
Q) When these SEC hearing/trials are set, will you be able to advise the shareholders of the time and place? Can the shareholders attend these proceedings or are they closed to the public?
A) All proceedings before any federal court are open to the public. There should be ample to notice of any scheduled hearings or trials.
Q) Hi I am a shareholder in CMKX. I wanted to know the timing of what is next in terms of court hearings etc? How long will it take to deal with the fails to deliver issue?
A) There are currently no scheduled court dates for any hearings in either Nevada or Canada. It is customary for sometimes lengthy pretrial discovery to occur before there are any scheduled public hearings or trials. Lawyers may be exchanging discovery documents, engaging in depositions, and other matters that will not appear on any court docket sheet. This is customary when matters go to litigation. Shareholders can keep abreast of the current court settings and cases filed in Nevada by going to courtgate.coca.co.clark.nv.us/ and looking up current CMKM Diamonds, Inc. cases.
There is no timeframe available for the issues dealing with fails to deliver.
Q) When all the dust settles down, what type of business will CMKM be involved in? Are some avenues being explored at this time for the business of CMKM post legal wrangling?
A) The company continues its investigations into the disappearance or transfer of all claims that were promoted to the shareholders as being owned or controlled by CMKM. When it is determined what assets belong to the company and what assets can be recovered, the company will proceed to exploit those assets for the benefit of the shareholders. It is current management’s intent to appoint an advisory / nominating committee to recommend candidates for the Board of Directors. The addition of new Board Members will most likely occur before any significant shift in the direction of the company takes place. Yes, current management gives daily consideration to other types of businesses that might be beneficial to the company and its shareholders.
Q) I currently have 1,000,000 shares of CMKM Stock. I would like to know once & for all, is this stock worth more than the paper it is written on?
A) Unfortunately, prior management of the company, insiders and other individuals profited significantly from the sale of illegally issued company stock. This is evidenced by the lawsuits which have been filed by the company and the SEC. It is the company’s policy not to comment on the value of CMKM stock. It should be obvious that the results of the present litigation will be important to the success of the company.
