CMKM Diamonds Inc. (fka CMKX)

[janice shell]

No. You don't understand this. Nobilis and Beaufort bought DEBT, not stock. Beaufort bought part of the old GIM note; Nobilis presumably bought part of the old Industrias Calissio note.

When they wanted to cash out, they had to convert that DEBT to COMMON STOCK. That means the company had to authorize those issuances, and the TA had to make those issuances. That is what the tradability opinions JJ is flashing around are about.