Post by swampdog on Jul 19, 2008 1:11:46 GMT -6
Thanks to Ric
Swamp
FAQ Session #15: July 19, 2008
Q) Have you responded to Eton's counter claim?
A) Yes, on May 20, 2008. Please see the following document on the Company website.
Q) I have the shares in certificate form, what should I do with them?
A) There are no actions required at this time of shareholders concerning their CMKM stock certificate holdings.
Q) Will the Jade collection touted by CMKM to be worth over 50 million dollars be recovered for the company funds?
A) Our investigation is ongoing and we will attempt to locate all assets that can be recovered by the Company. There has not been any evidence to suggest that this particular transaction was ever completed and it is doubtful that there is any such collection that can be identified as belonging to the Company.
Q) What can be done with the stocks that were once a dividend to CMKM shareholders?
A) You will have to contact those companies directly. CMKM is not associated with any of these companies.
Q) Are you aware of any TRO to be filed by the SEC against anyone and/or all the Edwards shell companies? If not, would that be something you would consider talking to the SEC about since they have all the account info?
A) The SEC does not consult with CMKM nor share its litigation decisions with CMKM prior to any filings.
This is an ongoing litigation matter and the Company has no response to questions that, if answered fully, might disclose trial strategies, tactics or other matters to the opposing parties.
Q) Many shareholders are confused about CMKM’s action which was filed prior to the SEC's action and now the resulting settlement per the SEC case....who has precedence and what will happen to Edwards in our case now that there is a settlement reached with the sec?
A) This question is an ongoing litigation matter and the Company must decline to answer questions that, if answered fully, might disclose trial strategies, tactics or other matters to the opposing parties.
The right of a corporation to seek civil remedies against individuals or companies that commit fraud against the Company is recognized as a distinctively different cause of action which can (and should be) brought by a corporation.
Q) Is Al Hodges associated with CMKM as an attorney?
A) Al Hodges was helpful to the Company in the hiring of local counsel when the Dave DeSormeau lawsuit was filed. He appeared for the Company at that time. Although Mr. Hodges is a friend of the Company and a valued and loyal CMKM shareholder, he is no longer associated with that lawsuit. His assistance was and is greatly appreciated by the Company.
Q) Is it true that CMKM has a new Board of Directors, the SEC has held our funds for two years and that Maheu was brought in by Citibank?
A) There is not one ounce of truth to such rumors. CMKM has one board member and one officer and that is Kevin West. The SEC has never held any funds for CMKM as a company or for its shareholders. Bob Maheu was not brought in by Citibank or any other corporation.
Q) According to Ann Sulzberg at SEC "I note that the SEC staff has settled with both CMKM Diamonds and John Edwards..."
As a shareholder of the company CMKM Diamonds, please tell me what the settlement with the SEC was for or about.
A) CMKM was not sued as a disgorgement defendant. The allegations against CMKM involved securities violations that occurred before present management took over. CMKM agreed not to commit future securities violations like those committed in the past. There was not any discussion or payment of monetary sums. CMKM is not aware of any monetary settlement with John Edwards.
These settlement agreements are both available on the Company’s website: SEC Final Judgment and John Edwards SEC Judgment.
Q) We are told by the company that the shareholder audit is on-going and indeterminate as to when it will be complete. However surely it has been determined at least in part who got free shares for doing nothing i.e.: "the field work in Canada" or shares that were given to insiders or other known scamming entities. Why aren't these shares being immediately cancelled as per past company updates?
A) There are many factors that go into having shares cancelled not the least of which is the fact that many of the shares you reference have previously been sold to third parties. The Company is continuing its investigation into these matters and will cancel such shares at the appropriate time. The Company will not approve the transfer of those shares to anyone else in the meantime.
Q) My dad, an attorney that I encouraged to try CMKX stock because they might have had something worth investing, is unwilling to contact unshareholder.com because the negative stance that Kevin West has taken regarding company value etc. He simply doesn't think that his time is worth reporting his 10's of millions of shares.
My question for the forum is this: Does the Company wish for us to contribute this information or not? If so, can providing this information result in a positive benefit for shareholders such as my dad?
A) The Company issued a press release to make shareholders that wish to participate aware of this website. The purposes of the site are explained fully for those shareholders who have questions regarding the website. The Company will not give advice on what to do or not to do with your personal information.
Q) I am a CMKM shareholder holding a certificate issued to me from TD Waterhouse (now TD Ameritrade). Do I need to list myself with the UnShareholder website or does my certificate make me a legitimate shareholder?
A) If you have a physical certificate for your holdings, then you have no reason to fill out a form with the UnShareholder website.
If you have a certificate issued to you from 1st Global Stock Transfer as a result of holdings that you have had in a brokerage house, you are most likely a bona fide shareholder.
Q) I contacted Steve Oshins about the CIM shares and he informed me that neither he nor his company handles this account. In fact, he was very adamant about not knowing anything with the situation and requested that I and others who contacted him quit spreading rumors. Any comment on this?
A) CMKM Diamonds, Inc. has nothing to do with Casavant International Mining Corporation or the company you refer to as CIM. Our past comments only direct those looking to find out more information on this company to contact the resident agent as listed with the Nevada Secretary of State. As of today’s date, Mr. Oshins is listed as the registered agent of this company.
Q) In your last FAQ you post a link with the answer to an interpleader question that has a letter from Mr. Moran, and I noticed at the bottom of his letter he has a Cc: to Michael Williams. Can you explain the reason why? Is Michael Williams part of CMKM Diamonds?
A) Mr. Williams was a personal advisor to Urban Casavant and a personal friend of Mr. Moran. Mr. Williams was involved as an assistant to Mr. Casavant in his dealings with Mr. Moran. He is not involved in the management of CMKM Diamonds, Inc.
Q) Mr. West, I first want to congratulate you and Bill for winning this very important victory. I hope this will be the first of many more to come. I believe the shareholders truly understand how hard you both have worked to get to this point. Having said that, now that the Judge has ordered Edwards to pay the company 33.6 million, how and when will be able to recover this money? Once we do recover this money, is CMKM planning on actually resuming business, including trading?
A) First of all, let me thank you for your kind comments. However, it would not be appropriate for the Company to discuss the legal the strategy as it relates to this judgment. It has always been the intent of current management to move forward and build a profitable business with any funds recovered through its litigation. CMKM is conducting business on a daily basis. Our intent and objective is and has always been to put publicly tradable securities into the hands of shareholders at some point in the future.
Q) There are liabilities being created against any potential return from judgments against former insiders, what are they?
A) The litigation being brought by the company is being paid for through loans from third parties. Such loans also include funding for administrative costs and normal operating expenses of the company.
Some of the litigation attorneys are being paid hourly fees. Some of the litigation is being pursued on a contingency basis. Some attorneys are being paid on a split fee arrangement, meaning an hourly fee plus a contingency fee. In the event there is a recovery from any judgment the company obtains, the company will pay back all loans, expenses, court costs and attorney fees it has incurred to bring such litigation. The company has plans to bring additional litigation and new attorneys will be brought on as new matters are pursued.
The work of our attorneys is vital to this company on many fronts. This company will not disclose specific legal expenses, loan amounts nor publicize its arrangements with its many lawyers due to the confidentiality involved with such matters. The company believes that publicizing such information provides any potential opposing parties with information not normally afforded to such opposing parties in litigation. The company can state with absolute certainty that all hourly fees and contingency arrangements are standard or below average rates for the legal work being performed.
www.cmkmdiamondsinc.com/faq_index.html
Swamp
FAQ Session #15: July 19, 2008
Q) Have you responded to Eton's counter claim?
A) Yes, on May 20, 2008. Please see the following document on the Company website.
Q) I have the shares in certificate form, what should I do with them?
A) There are no actions required at this time of shareholders concerning their CMKM stock certificate holdings.
Q) Will the Jade collection touted by CMKM to be worth over 50 million dollars be recovered for the company funds?
A) Our investigation is ongoing and we will attempt to locate all assets that can be recovered by the Company. There has not been any evidence to suggest that this particular transaction was ever completed and it is doubtful that there is any such collection that can be identified as belonging to the Company.
Q) What can be done with the stocks that were once a dividend to CMKM shareholders?
A) You will have to contact those companies directly. CMKM is not associated with any of these companies.
Q) Are you aware of any TRO to be filed by the SEC against anyone and/or all the Edwards shell companies? If not, would that be something you would consider talking to the SEC about since they have all the account info?
A) The SEC does not consult with CMKM nor share its litigation decisions with CMKM prior to any filings.
This is an ongoing litigation matter and the Company has no response to questions that, if answered fully, might disclose trial strategies, tactics or other matters to the opposing parties.
Q) Many shareholders are confused about CMKM’s action which was filed prior to the SEC's action and now the resulting settlement per the SEC case....who has precedence and what will happen to Edwards in our case now that there is a settlement reached with the sec?
A) This question is an ongoing litigation matter and the Company must decline to answer questions that, if answered fully, might disclose trial strategies, tactics or other matters to the opposing parties.
The right of a corporation to seek civil remedies against individuals or companies that commit fraud against the Company is recognized as a distinctively different cause of action which can (and should be) brought by a corporation.
Q) Is Al Hodges associated with CMKM as an attorney?
A) Al Hodges was helpful to the Company in the hiring of local counsel when the Dave DeSormeau lawsuit was filed. He appeared for the Company at that time. Although Mr. Hodges is a friend of the Company and a valued and loyal CMKM shareholder, he is no longer associated with that lawsuit. His assistance was and is greatly appreciated by the Company.
Q) Is it true that CMKM has a new Board of Directors, the SEC has held our funds for two years and that Maheu was brought in by Citibank?
A) There is not one ounce of truth to such rumors. CMKM has one board member and one officer and that is Kevin West. The SEC has never held any funds for CMKM as a company or for its shareholders. Bob Maheu was not brought in by Citibank or any other corporation.
Q) According to Ann Sulzberg at SEC "I note that the SEC staff has settled with both CMKM Diamonds and John Edwards..."
As a shareholder of the company CMKM Diamonds, please tell me what the settlement with the SEC was for or about.
A) CMKM was not sued as a disgorgement defendant. The allegations against CMKM involved securities violations that occurred before present management took over. CMKM agreed not to commit future securities violations like those committed in the past. There was not any discussion or payment of monetary sums. CMKM is not aware of any monetary settlement with John Edwards.
These settlement agreements are both available on the Company’s website: SEC Final Judgment and John Edwards SEC Judgment.
Q) We are told by the company that the shareholder audit is on-going and indeterminate as to when it will be complete. However surely it has been determined at least in part who got free shares for doing nothing i.e.: "the field work in Canada" or shares that were given to insiders or other known scamming entities. Why aren't these shares being immediately cancelled as per past company updates?
A) There are many factors that go into having shares cancelled not the least of which is the fact that many of the shares you reference have previously been sold to third parties. The Company is continuing its investigation into these matters and will cancel such shares at the appropriate time. The Company will not approve the transfer of those shares to anyone else in the meantime.
Q) My dad, an attorney that I encouraged to try CMKX stock because they might have had something worth investing, is unwilling to contact unshareholder.com because the negative stance that Kevin West has taken regarding company value etc. He simply doesn't think that his time is worth reporting his 10's of millions of shares.
My question for the forum is this: Does the Company wish for us to contribute this information or not? If so, can providing this information result in a positive benefit for shareholders such as my dad?
A) The Company issued a press release to make shareholders that wish to participate aware of this website. The purposes of the site are explained fully for those shareholders who have questions regarding the website. The Company will not give advice on what to do or not to do with your personal information.
Q) I am a CMKM shareholder holding a certificate issued to me from TD Waterhouse (now TD Ameritrade). Do I need to list myself with the UnShareholder website or does my certificate make me a legitimate shareholder?
A) If you have a physical certificate for your holdings, then you have no reason to fill out a form with the UnShareholder website.
If you have a certificate issued to you from 1st Global Stock Transfer as a result of holdings that you have had in a brokerage house, you are most likely a bona fide shareholder.
Q) I contacted Steve Oshins about the CIM shares and he informed me that neither he nor his company handles this account. In fact, he was very adamant about not knowing anything with the situation and requested that I and others who contacted him quit spreading rumors. Any comment on this?
A) CMKM Diamonds, Inc. has nothing to do with Casavant International Mining Corporation or the company you refer to as CIM. Our past comments only direct those looking to find out more information on this company to contact the resident agent as listed with the Nevada Secretary of State. As of today’s date, Mr. Oshins is listed as the registered agent of this company.
Q) In your last FAQ you post a link with the answer to an interpleader question that has a letter from Mr. Moran, and I noticed at the bottom of his letter he has a Cc: to Michael Williams. Can you explain the reason why? Is Michael Williams part of CMKM Diamonds?
A) Mr. Williams was a personal advisor to Urban Casavant and a personal friend of Mr. Moran. Mr. Williams was involved as an assistant to Mr. Casavant in his dealings with Mr. Moran. He is not involved in the management of CMKM Diamonds, Inc.
Q) Mr. West, I first want to congratulate you and Bill for winning this very important victory. I hope this will be the first of many more to come. I believe the shareholders truly understand how hard you both have worked to get to this point. Having said that, now that the Judge has ordered Edwards to pay the company 33.6 million, how and when will be able to recover this money? Once we do recover this money, is CMKM planning on actually resuming business, including trading?
A) First of all, let me thank you for your kind comments. However, it would not be appropriate for the Company to discuss the legal the strategy as it relates to this judgment. It has always been the intent of current management to move forward and build a profitable business with any funds recovered through its litigation. CMKM is conducting business on a daily basis. Our intent and objective is and has always been to put publicly tradable securities into the hands of shareholders at some point in the future.
Q) There are liabilities being created against any potential return from judgments against former insiders, what are they?
A) The litigation being brought by the company is being paid for through loans from third parties. Such loans also include funding for administrative costs and normal operating expenses of the company.
Some of the litigation attorneys are being paid hourly fees. Some of the litigation is being pursued on a contingency basis. Some attorneys are being paid on a split fee arrangement, meaning an hourly fee plus a contingency fee. In the event there is a recovery from any judgment the company obtains, the company will pay back all loans, expenses, court costs and attorney fees it has incurred to bring such litigation. The company has plans to bring additional litigation and new attorneys will be brought on as new matters are pursued.
The work of our attorneys is vital to this company on many fronts. This company will not disclose specific legal expenses, loan amounts nor publicize its arrangements with its many lawyers due to the confidentiality involved with such matters. The company believes that publicizing such information provides any potential opposing parties with information not normally afforded to such opposing parties in litigation. The company can state with absolute certainty that all hourly fees and contingency arrangements are standard or below average rates for the legal work being performed.
www.cmkmdiamondsinc.com/faq_index.html
