Posted 06/26/07
In the beginning
* CMKM Diamonds was incorporated in Delaware in 1998 as Cyber Mark International Corp
* In April 2002, Cyber Mark changed its corporate domicile to Nevada.
* On November 25, 2002, Cyber Mark agreed to acquire certain mineral claims held by five companies owned by the family of Urban Casavant (Casavant) in exchange for $2 million and almost 3 billion shares of Cyber Mark restricted common stock with registration rights.
* Prior to his resignation on November 25, 2002, Cyber Mark's sole director appointed Casavant sole director, president, and chief executive officer.
* On November 26, 2002, Casavant appointed his wife, Carolyn Casavant, as vice president of claims, his son, Wesley Casavant, age twenty-two, to the position of corporate treasurer, and his daughter, Cindy Casavant, to the position of corporate secretary.
* On December 3, 2002, the company changed its corporate name to Casavant Mining Kimberlite International.
* In February 2004, it changed its name to CMKM Diamonds.
* In the most recent information it has provided to the public through a periodic filing, a Form 10-QSB for the quarter ending September 30, 2002, CMKM Diamonds reported total assets of $344.00, all in cash, and total liabilities of $1,672.00.
* Casavant currently is the president, chief executive officer, and co-chair of CMKM Diamonds's two-person board of directors.
* Casavant and his wife have signatory authority on CMKM Diamonds's bank accounts.
* CMKM Diamonds has failed to file annual reports for its fiscal years ended December 31, 2002, 2003, and 2004.
* On March 31, 2003, the company filed a request for an extension of time to file its annual report for the year ended December 31, 2002, because it had not yet completed its financial statements.
* Despite having not filed an annual report for 2002, CMKM Diamonds erroneously represented in this filing that it had filed all required reports for the preceding twelve months.
* On July 22, 2003, CMKM Diamonds filed a Form 15, signed by Casavant, pursuant to Exchange Act Rule 12g-4, in which it certified that it had approximately 300 shareholders of record as of that date.
* IM appears on several of JE’s trust documents provided to NevWest as part of the new account documentation. During relevant times to the complaint, IM was the former President, director and shareholder of CMKM, and IM also acted as the Registered Agent on behalf of CMKM.
Before the hearing
* John Edwards opened 32 accounts at NevWest and sold more than 250 billion shares of a sub-penny stock, which generated total sales proceeds of over $53 million. NASD alleged that NevWest earned commission revenue on the sales totaling $2.5 million -- 36 percent of the firm's total revenues during the relevant period.
* CMKM opened 100 bank accounts of which 64 million dollars passed through at Silver State Bank
* 703 billion o/s
* Authorized Shares increased from less than 1 billion to 800 billion
* Outstanding Shares increased from less than 1 billion to 779 billion
* 600 billion in dilution in the year 2004
* 407 billion in Cede and Co. as of March 2005
* Ameritrade holds 180 billion shares of CMKX for its clients
* Was told we would be pleasantly surprised by O/S and made to believe it was under 400 billion. Melvin on the air denies that the O/S is over 400 Billion after TA fiasco
* CMKX Transfer Agent gagged per direction of the UC
* UC gave shares in a deal but issued himself those shares just prior to announcement
* 16.5 billion shares buyback and the o/s never decreased and after the PR the o/s doubled
* Refuses to give investors basic information on company
* Refuses to give share structure
* CMKX trading unregistered shares in SASK, trading halted there
* SASK inquiry into CMKX valuations ignored
* CMKX partner USCA under investigation by the SASK
* No revenue stream from company operations
* Repeated claims of being close to reporting when in fact no attempt had been made
* Claims in Canada for mineral rights, made to believe 100's of holes drilled. but only 15
* claimed buybacks yet O/S raised after each claim
* Goldak would not sign off on the PR of the TDEM survey because the PR was misleading.
* UC buys a 3.5 million dollar property, motor-home, hummer, boat, likes to gamble, likes to race funny cars while shareholders value decreases
* UC at race track almost every weekend
* Spent investors money to sponsor motorcycle and drag racing
* Advertises stock instead of company, Got CMKX
* Voids in records
* UC says he doesn't know how to run a public company
* UC blames others for mismanagement
* SEC investigation and temporary halt
* Lied on form 15 more then 100% off (claimed under 300, had 689)
* Lied on SEC documents about the Address and tried to cover it up
During the hearing
* Judge ruled that NS is not going to be admitted into evidence because company did not claim it was a factor in not filing
* She asked SEC if they think CMKX has NS and the SEC said no
* When asked by the SEC, TA stated there was no record of CMKX management inquiring into the number of shareholders in July 2003
* RG was paid $250,000 and one page report was presented
* Urban shows up with his own personal lawyer
* Urban invokes his 5th Amendment right to not answer any/all questions asked by the SEC attorneys (12 minutes of "I take the 5th")
* Maheu testifies he was not aware of the problems the new accountant and attorney were having in receiving documentation from Urban to get filings completed.
* Maheu can’t answer question on companies operations
* We find out Urban runs CMKX from his house, not the company PR'd new offices in Las Vegas
* Maheu paid $40,000 a month. Has been paid for 2 months pay even though he has been there 4 months and Judge makes joke about the amount he is paid
* Accountants: all quit after frustration in not being able to do their jobs. Current accountant, Neil Levine, resigns on May 9th one day before the hearing
* Rendal Williams (CEO of UCAD & 50/50 partner with CMKX) has a "failing memory" when questioned on the stand, he appearingly is distancing himself from CMKX/Urban Casavant
* Dhonau met UC at the slot machines
* Carolyn Casavant wrote checks against the company account although she is not an officer of the company, explanation given to the court "that's what wife's do."
* Current financial status, over $30 million in debt
*Judge says this is a filing issue
* Has till 29th of June for rebuttals and decision will be by July 15th
After the hearing
* Two .011 micron size diamonds
* Only 15 holes drilled, nothing found in any except in one hole see above
* Drilling report says to give it up people.
* Company issued PR that 100's of anomalies found from goldak fly over yet 8K states 16 from goldak fly over & some of them may not be worth drilling
* Refuses to give investors basic information on company.
* Refuses to give share structure
* Auditor files 10-A letter for possible illegal activities with CMKXtreme, deals, and loans to officers. It was illegal that the company did not keep records
* Bill issues a Shareholder Derivative Letter
* UC can't afford to sponsor Arends car anymore
* Frizzell working on proving NS
* Revoked by the SEC
* UC refuses to let the shareholders know whats going on or give any reinsurances.
After the Appeal was dropped/Cert Pull
* Entourage deal for 45 million shares to be distributed to bonafide shareholders
* Cert Pull was announced before you can get your Entourage distribution
* 8-K states due to lack of funds that they have defaulted on claims (United Carina, 101047025 Saskatchewan Ltd. (“1010”), and American Shaft)
* 8-K states Maheu resigns and UC will resign due to health reasons after distribution
* Task Force formed with Maheu, Stoecklien, and Frizzell
* 1st Corp. Update - As CMKM is effectively a non-operational company holding only the Entourage shares and intangible assets
* 2nd Corp. Update - The Task Force was formed solely for the purpose of establishing a Distribution Plan and supervising the distribution of the Entourage shares and other assets of CMKM, if any. The Task Force will not be conducting any due diligence to determine the validity of any other potential assets of CMKM other than those stated above.
* And - The Task Force has been apprised of the significant rumors pertaining to the receipt of funds and erroneous agreements reached with brokerage firms short in CMKM's stock. Other than the funds received from Casavant to pay for certain of the costs associated with the Task Force's operations, there have been no funds received from brokers/dealers or any other sources
* Stoecklien no longer represents CMKX
* We find out that CIM lost it zinc claims and as of now is in Default in Nevada
* Lawsuit against UC, CMKM, and CMKXtreme for unpaid bills
After the Cert Pull
* Stoecklien and the TF recommends and interplead
* Stoecklien and Maheu resign the Task Force and no longer has any involvement in CMKM.
* Was understanding that a PR was to be released in a week which never happened.
* Bill Frizzell no longer represents shareholders and doesn’t no anything more then us.
* TF is dissolved
* 18 months after the last update from UC he issues a PR stating an interplead and new CEO.
* Kevin West is named interim CEO.
* NevWest was charge for Money Laundering with John Edwards as the client funneling shares through numerous companies.
* Company still refuses to communicate with shareholders
* UC refuses to testify at his own civil trial taking the 5th yet again
* After a phone calls to Moron the Company was forced to issue a PR in Dec. 06. Company wants shareholders to stop calling Moran's office.
* The Company met with their corporate attorney, John T. Moran III of the Moran Law Firm, to discuss the status of interpleader to be filed with the Federal Court as discussed in the PR of 8-28-06. The Company was informed that the pleadings are almost complete, however, Attorney Moran was made aware of and discovered additional Company information that dictated further investigation and due diligence that needed to be performed by all of the attorneys involved before the document can be completed.
* Kevin West, interim CEO seems to be nothing more then a IR person to answer phone calls
* Company promises to write a PR once a month to keep shares informed of interplead.
* Kevin claims Interplead is treading on new grounds and that is for the delay.
* In telephone calls, Kevin tells each shareholder that called there is no settlement, that the Interplead is all that is happening at the moment.
* Interplead has been postponed again. And it looks like it is to the magic statue of limitation date.
* Gene Hurd files a lawsuit in federal court before the 2 year statute of limitation date against CMKM Diamonds, Inc., Urban Casavant, Robert Maheu, David DeSormeau, Rupert Perrin, Carolyn Casavant, Wesley, Casavant, Cindy Casavant, and 50 roes and 50 does.
* Bill Frizzell issues a second Shareholder Derivative Letter
* Bill Frizzell files suit against DeSormeau, Edwards and 50 Does and 50 Roe Corporations
Urban Retires and Turns over Company to Kevin West
* Kevin learned the truth about Urban and has been talking to Bill Frizzell on what to do.
* Kevin takes over CMKM as Urban Casavant issues a PR of his resignation.
* Kevin receive several boxes of information from an attorney in Canada about CMKM which leads to a lawsuit against Urban Casavant.
* Kevin West Hires Frizzell Law Firm.
* The Frizzell Law firm has hired Las Vegas attorney George Cromer as local counsel to file these first two lawsuits on behalf of the Company. Los Angeles attorney, Al Hodges, will be assisting the legal team as it proceeds.
* Bill Frizzell files suit against DeSormeau, Edwards and 50 Does and 50 Roe Corporations
* Kevin west announces that they are moving the corporation from Nevada to Texas and converts out of Nevada.
* The company instructs 1st Global to stop further transfer or issuance of CMKM Diamonds, Inc. stock effective immediately.
* The Company has instructed the law offices of Moran and Associates to cease any and all legal work on behalf of CMKM Diamonds until further notice.
* The As of March 29th 2007, the Company had 3 pending lawsuits, a Wells Notice from the SEC that was supposed to have been answered by March 9, 2007 (of which current management was totally unaware, until an official at the SEC contacted them on 4-10-07), and ongoing investigations by at least four government agencies. In addition there is documentation showing the forfeiture of all claims and mineral rights, no corporate records for the past 4 ½ years of business and taxes that have never been filed. The only tangible asset is a 45 million share certificate of Entourage Mining stock.
* Company only has $558.00 left out of approximately $200 million from the sell of CMKM shares.
* A lawsuit was filed naming Urban Casavant, The UAJC 2005 irrevocable trust, Mike Williams, DeShawn L. Wayne, Brian Dvorak, James Kinney, Ginger Gutierrez, P.A. holdings, Bucko LLC, 20 does and 20 roes.
* Susanne Trimbath has agreed to help the Company in our efforts to determine “fails to deliver” in our stock.
* CMKM Attorney David Koch files a Temporary Restraining Order against several trust and properties related to those involved with CMKM.
* CMKM Diamonds, Inc. has engaged the accounting firm of Henry & Peters, P.C. with a certified fraud examiner.
www.cmkxunplugged.com/forum/showthread.php?t=112...Flying Moose(cmkx-treme)
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Hundred to One
