Hodges Crew is pumping hard to dump CIM now.
Is there a day that passes by where Treff doesn't threaten people with lawsuits?
From: IBAFT (Rep: 0) Date: 10/25/2010 15:38
Forum: Cmkm Diamonds Inc - Msg #235 Thread #673086697 (Rec: 0)
INFORMATION REGARDING CIM
As many are aware, I recently offered for sale shares of CIM from my portfolio. In response, some people have responded, contending that CIM was worthless as the company has no transfer agent, in spite of Urban and Carolyn's earlier representations, Deli's obvious role in this deal and him selling millions of CIM shares, the Steve Ocean's trust deal (although recently, Oceans claimed CIM was without value), and all of the allegations and potential evidence of inter-related connections to other companies in what so many people have referred to as "The Conglomerate.".
I have my own recent history of searching our CIM. Here is what I have found out on my own: One year ago July (July '09), I tried to give a gift of 100,000 shares of CIM to a friend directly from my Charles Schwab account. This person does not have an open stock account anymore, so I would have had to give the gift in certificate form instead of transferring them electronically. At first, Schwab tried to tell me that the shares could not be transferred because they were restricted. Then they tried to tell me they could not be transferred because they were of a private company. Then they told me that CIM was part of a huge share block and could not be transferred. After informing Schwab personnel that I was an attorney and that I knew better, dispelling all of these misdirections, I was informed that the transfer agent was refusing to permit the transfer of any stock. I immediately asked who the transfer agent was and multiple Schwab personnel went from "we don't know" to "we are not allowed to say" to finally upon the threat of litigation, informed me that it was Pacific Stock Transfer of Las Vegas.
I immediately called Pacific Stock Transfer and got a similar run-around. First, they insisted that they were not the transfer agent. Then, after threats of litigation and putting them on the phone with the previously-referrenced representative from Schwab who confirmed their status as a transfer agent, Pacific Stock Transfer Agent finally admitted that they were the transfer agent for CIM. Then they told me that there was no block on transferring shares from their company, placing the burden of finalizing my 100,000 transfer back upon Charles Schwab. Even though this discussion took place putting both T/A and broker on the spot, and such admissions were indeed made, to this date, my 100,000 transfer has not been completed. This entire scenario with the 100,000 shares occurred earlier this year in the Spring.
Presently, after some persons recently raising the question relating to the value of CIM and that there is no transfer agent, I have again connected to Pacific Stock Transfer Agent of Las Vegas. As of this day, they are now telling me that their services were terminated in September of 2009. In spite of the conflict in information from their own personnel, I merely asked the logical follow-up question and that question was "who is the new T/A? Their response was that they did not know. "No problem" I responded. Just tell me who the contact information for forwarding information to the company and I will contact them. Pacific's representative told me that there was no contact information. Although this is impossible in nature, for there has to be a forwarding address for any correspondence or business issues that Pacific might be sent AFTER their termination, I responded "fine, just tell me who the entity was that paid your last bill or who gave you the notice of termination for certainly, no anonymous phone call could terminate the transfer agent services for ANY company without follow-up notice in writing and certainly, you would know who to send a bill to for your services rendered." The T/A representative gave the less-than-open "ahhhh... hmmm... " then excused himself put me on hold and transferred me to a supervisor.
The Supervisor came on in a few minutes and then informed me that the company had no forwarding information whatsoever. When I challenged this claim as both illogical and completely unorthodox as to the normal course of business based upon arguments I posted in the paragraph immediately above, the T/A Supervisor informed me that "I am sorry, I CAN NOT release any other information about this company." I told her that if I had to, I would file suit and subpoena it. She then said that is what I would have to do and that the T/A would comply with any subpoena served upon it.
Just as a final note, I just got off of the phone with Deli and he said he has not done any transfers of CIM for at least a year or two.
What does all of this information mean? I have my own ideas, but since I am offering the shares of CIM for sale and you are a perspective purchaser, it is your duty to do your own research and make up your own mind. Is CIM worthless as some have said, or is it like so many other mining companies, playing a game of "hush-hush" until they get operations off of the ground or is it some factual scenario somewhere in-between? Your guess is as good as mine. However, to accommodate any transactions of CIM that may have certain prospective purchasers overly concerned, I will make this offer and put it in writing:
Since it would appear that I can not transfer the shares of CIM at this time, I will either do a gold medallion guarantee on the back of a particular certificate (I have certs of varying quantities ranging from a few hundred thousand to several million) and transfer the entire certificate to the prospective purchaser - done deal - and when a new T/A is appointed, they can have the certificate transferred into their own name. There is a second option or offer to sell that I will make which is as follows: I can also enter into a written contract to hold these shares of stock in trust for the prospective purchaser, to be immediately transferred to them upon the designation of a new transfer agent. Lastly, I will make the following guarantee with the stock: "if in the event CMKX does pay some sort of compensation, buyout or settlement in any form, and within 30 days of our receipt of our CMKX compensation, buyout or settlement proceeds, the prospective purchaser decides to cancel his/her purchase of CIM, I will cancel the deal and give a 100% refund of all money paid for the CIM shares."
This is the offer on the table. The cost per share will be .005.
