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No
and
Yes
I know and I find that really wierd - UC and company must be getting off on reading all this stuff about boiler room manipulations.
Did you know that UC can't come back to Canada and if he does the U.S won't let him back into the States?
'Dildo-of-Uzbekistan' who said...
"I have read you here many times together with your evil friends who try to take mony from real investors in this diamonds company."
You're right Dildor, CMKX is a diamonds company and here is the collective weight of their two diamonds weighed together.
"Two diamonds were retained in this phase of drilling, of which four intersected kimberlite. Two diamonds were retained on the 106 micron scree in sample #5, from hole #1, representing an interval from 190.0 to 210.4 meters depth and weighing 40.10 kg. The dimensions of the two stones are 0.22mm x 0.13mm x 0.10mm, and 0.20mm x 0.12mm x 0.10mm. Their combined weight is 0.001 milligrams.
The other two holes which also intersected kimberlite have not been sampled. The operator intends to have these holes sampled and tested for diamonds. Only two holes were initially tested because of the cost - in this case, $30,000 for the first two holes. Now that the kimberlite has been shown to be diamondiferous, further testing for diamonds is warranted"
In Court of Queen's Bench
PRINCE ALBERT
...................................
CERTIFICATE
....................................
I, ___________________, of the City of Prince Albert, in the Province of Saskatchewan, Deputy Local Registrar of the Court of Queen's Bench for the Judicial Centre of PRINCE ALBERT, Do HEREBY CERTIFY that a search has been made of the records of the Court of Queen's Bench for the Judicial Centre of PRINCE ALBERT, and 8 action(s) has/have been commenced in the said Court by or against:
CASAVANT, URBAN
From: Saturday, June 25, 1994
To: Thursday, June 24, 2004
Given under my hand and seal of the aforesaid Court, at the City of PRINCE ALBERT, in the Province of Saskatchewan, this 25th day of June, A.D. 2004
original signed
_________________________
Deputy Local Registrar
Court of Queen's Bench
Judicial Centre of PRINCE ALBERT
-----------
Case Type: QBG - Queen's Bench General
Case # : 39/1996 - Issuance Date: 19-Jan-96
RESPONDER PARTY - RAM-ROD MINING INC.
RESPONDER PARTY - PETRO PLUS INC.
INITIATOR PARTY - SCHIGOL WAYNE
RESPONDER PARTY - CASAVANT URBAN
RESPONDER PARTY - CASAVANT CAROLYN
Claim Type:
Claim Amt $0.00 Judgement Amount: $0.00
-----------
Case Type: QBG - Queen's Bench General
Case # : 377/1998 - Issuance Date: 29-May-98
INITIATOR PARTY - SEED REP INTERNATIONAL INC.
RESPONDER PARTY - CASAVANT URBAN
Claim Type:
Claim Amt $105,000.00 Judgement Amount: $0.00
-----------
Case Type: QBG - Queen's Bench General
Case # : 242/1999 - Issuance Date: 05-April-99
INITIATOR PARTY - TORONTO DOMINION BANK
RESPONDER PARTY - CASAVANT URBAN
RESPONDER PARTY - CASAVANT CAROLYN
RESPONDER PARTY - REID ERIC
Claim Type:
Claim Amt $352,000.00 Judgement Amount: $0.00
-----------
Case Type: QBG - Queen's Bench General
Case # : 645/1999 - Issuance Date: 10-Sep-99
INITIATOR PARTY - TORONTO DOMINION BANK
RESPONDER PARTY - CASAVANT URBAN
RESPONDER PARTY - CASAVANT CAROLYN
Claim Type:
Claim Amt $69,244.91 Judgement Amount: $71,438.91
-----------
Case Type: QBG - Queen's Bench General
Case # : 737/1999 - Issuance Date: 15-Oct-99
INITIATOR PARTY - TORONTO DOMINION BANK
RESPONDER PARTY - CASAVANT URBAN
RESPONDER PARTY - CASAVANT CAROLYN
Claim Type:
Claim Amt $0.00 Judgement Amount: $0.00
-----------
Case Type: QBG - Queen's Bench General
Case # : 32/2000 - Issuance Date: 14-Jan-00
INITIATOR PARTY - PRINCE ALBERT CREDIT UNION
RESPONDER PARTY - CASAVANT URBAN
RESPONDER PARTY - CASAVANT CAROLYN
Claim Type:
Claim Amt $0.00 Judgement Amount: $0.00
-----------
Case Type: QBG - Queen's Bench General
Case # : 290/2000 - Issuance Date: 20-Apr-00
INITIATOR PARTY - TORONTO DOMINION BANK
RESPONDER PARTY - CASAVANT URBAN
Claim Type:
Claim Amt $0.00 Judgement Amount: $0.00
-----------
Case Type: QBG - Queen's Bench General
Case # : 750/2001 - Issuance Date: 15-Nov-01
INITIATOR PARTY - SOROKA (BABCHOUK) NADIA
RESPONDER PARTY - CASAVANT URBAN
RESPONDER PARTY - REID ERIC MELVIN
RESPONDER PARTY - BUCKSHOT HOLDINGS LTD.
RESPONDER PARTY - CASAVANT WESLEY
Claim Type:
Claim Amt $60,000.00 Judgement Amount: $0.00
I understand princess has quite a large position in URMP.
Here's a news release from Stockwatch dated September 29, 2004 news re Brock being a scam artist:
URANIUM POWER CP
Symbol URMP
Van Sun says BCSC target Brock chats up Uranium Power
The Vancouver Sun reports in its Saturday edition that Tim Brock, famed for the late-1980s high-octane promotion of War Eagle Mining Company, stumbled badly in June, 2003. The Sun's David Baines writes that he admitted to B.C. Securities Commission enforcement staff wash trading in War Eagle shares. Mr. Brock was prohibited from serving as an officer or director for five years. Mr. Baines says he was duly surprised when he tuned into World Talk Radio, an Internet tout service hosted by Francis Gaskins, and heard Mr. Brock pushing penny stock Uranium Power Corp., which is trading at 40 U.S. cents on the OTC Bulletin Board. Mr. Gaskins introduced Mr. Brock as Uranium Power's "director of business development." Mr. Brock said Uranium Power has many capable people working for it, including president Thornton Donaldson, who once "owned the largest brokerage firm in Western Canada." Mr. Baines says Mr. Donaldson ran Donaldson Securities, a pipsqueak purveyor of penny stocks that was suspended on several occasions by local regulators. And after he sold the firm in 1975, Mr. Donaldson was personally charged with 32 counts of trading in securities without being registered to do so.
"The URMP Pasquia Hills deposit contains a very high grade of aromatics, which includes benzene. Aromatics are the volatile or extremely "light" component of the oil being recovered and sell for a premium in the market for approximately $80-$100 per barrel delivered when converted to styrene."
http://www.apioil.net/i/pdf/Pasquia_Hills_QA.pdf
Styrene, a suspected carcinogen, has been used for decades to manufacture everything from drinking cups to lightweight auto and boat parts. It has been classified by the EPA as a volatile organic compound, meaning it tends to combine with other chemicals to form entirely new compounds. One result is the creation of ozone, a molecule that contains three atoms of oxygen instead of the environmentally friendly two-atom form of the gas. Ozone is a pollutant that is unhealthy to breathe and that may harm vegetation and wildlife.
http://news.uns.purdue.edu/html4ever/990716.Noonan.styrene.html
benzene (cancer causing)
"Benzene is an aromatic hydrocarbon that is produced by the burning of natural products. It is a component of products derived from coal and petroleum and is found in gasoline and other fuels. Benzene is used in the manufacture of plastics, detergents, pesticides, and other chemicals. Research has shown benzene to be a carcinogen (cancer causing). With exposures from less than 5 years to more than 30 years, individuals have developed, and died from, leukemia. Long-term exposure may affect bone marrow and blood production. Short-term exposure to high levels of benzene can cause drowsiness, dizziness, unconsciousness, and death. The current permissible exposure level is 1 part per million (ppm) in air for an 8 hour average with a short-term exposure limit of 5 ppm. Benzene can also be absorbed through the skin."
http://www.osha-slc.gov/SLTC/benzene/
URMP is a TOTAL scam...
Good point Richie.. At the 10th International Kimberlite Conference in Peoria Dr. Ricardo Boystrunko presented a paper entitled:
Saskatchewan Kimberlites - A New Zinc and Uranium Source?
United Carina Resources Corp. - June 15, 2004
"Two diamonds were retained in this phase of drilling, of which four intersected kimberlite. Two diamonds were retained on the 106 micron scree in sample #5, from hole #1, representing an interval from 190.0 to 210.4 meters depth and weighing 40.10 kg. The dimensions of the two stones are 0.22mm x 0.13mm x 0.10mm, and 0.20mm x 0.12mm x 0.10mm. Their combined weight is 0.001 milligrams.
The other two holes which also intersected kimberlite have not been sampled. The operator intends to have these holes sampled and tested for diamonds. Only two holes were initially tested because of the cost - in this case, $30,000 for the first two holes. Now that the kimberlite has been shown to be diamondiferous, further testing for diamonds is warranted"
http://www.sedar.com/
Well of course the news sounds positive. NSDM cut a deal with a broker for diamonds to sell off their website.
Some of you have an illusion Walter has a safe on Seymour street flowing over with diamonds but the odds are the diamonds are never even touched by NSDM but shipped directly to the purchaser with NSDM labels affixed from the broker.
When NSDM (or more likely Aurora Pacific) actually makes a sale they receive 10% of the proceeds with the balance going to the diamond broker.
They only have to sell a couple of thousand dollars worth of diamonds to be profitable because it only cost a few hundred dollars to build the website.
The only way to convince me is to become fully reporting and show the books.
I wonder how many hundreds of millions of shares Aurora Pacific took in brokering the deal to North Star because North Star is not registered to do business in Canada.
You will never see any money from your UCAD "dividends" IMHO. You'll be lucky if you get away without paying a pile of cash to the Canadian government when you get a T/5 from your brokerage house for the UCAD amount showing in your account ($22,000 US?) This has happened to many people I know.
http://www.stockhouse.ca/bullboards/viewmessage.asp?no=8497002&t=0&all=0&TableID=0
Oh yes, you're the big expert at taking profits. What about SAN and SLT in the Athabaska Basin of Saskatchewan, do they have a chance to appreciate.
By the time you get your restricted UCAD shares (restricted for one year) it will be worth pennies.
WOW - CMKX really stroked out today.
Maybe Christian Traders can start a prayer circle for it to and the Providence of Saskatchewan.
I understand Mr. Miller was exhorting the PalTalk CMKX flock to flood Stockwatch with phone calls, I suppose to express their displeasure with my articles. So far, they've been a rather timid bunch.
That may be true but Christian Traders are planning a special prayer group on Halloween to put a hex on you.
If you really want to make money on a stock check out SLT.
I understand they have ordered diamonds from the NSDM website.
PRAISE THE LORD!!!
"maybe god is on CMKX's side..."
You deserve to lose all your money.
btw - it is God not god
bbtw - it is eom not oem
"Do unto others as you would have them do unto you!
Yes and preferably quickly late at night...
And in this instance they are the same parties and the traunch of money is the same traunch of money being flipped back and forth between offshore accounts.
"But they CAN all be related parties."
"There are too many companies putting money into CMKX they can't all be idiots."
CMKX shareholders are 50% hoping for an appreciation in profit and 50% very stupid. All the large tonnage kimberlites in the FALC forest are owned by other parties.
It could be that CMKX has a small tonnage kimberlite somewhere on their optioned ground but small tonnage won't cut it because of the huge costs of mining a small tonnage ore-body.
One thing for sure the Fugro airborne survey was a waste of several hundred thousand dollars.
My prediction is CMKX will shortly fold and you will see Shane, Pine Channel or Carina inherit most of the ground.
Most large companies have only a few competent geologists on staff. Perhaps Nevada has 20 incompetent geologists.
I have seen them and I believe Atkins has agreed to use them as part of a test group for some of their new products.
Those boys know how to belly-up to a buffet table.
http://atkins.com/
I have no idea but if Janice knows of an artist who can paint it I'll cover the cost.
Instead of Hades the SEC building and instead of Heaven a stock chart with CMKX shown appreciating to several dollars.
It would need the talent of Michelangelo and Hieronymus Bosch.
It would be wonderful to have a scene painted of Emmerson and his friends on a chapel cieling all flying towards Roger Glenn with little propellers sticking out of their butts holding assorted pieces of rock.
I like this...
http://www.kasemier.nl/toonwerk.php?id=29&rubriek=5
Are the works of Botticelli on display at the Uffizi originals.
http://www.uffizi.firenze.it/Dipinti/botprim10.jpeg
I was there to see a Toulouse Lautrec exhibition a few years ago and could not believe everything was so open.
http://www.josephkern.blogger.com.br/Toulouse-Lautrec-InBedKiss.jpg
Do you have an inside track on how the law suit over the claim staking dispute that two FALC claim holders have done an airborne survey over?
"break in his schedule"?
What on earth do you suppose these clowns do during the day?
1) Meeting with Dow Corning
2) Meeting with DeBeers
3) Lunch with President
4) Channeling session with Jimmy Swaggart
5) Cheerleading lessons
6) Pretending he is someone important
7) Making crop circles
8) Writing memoirs
9) Translating lost Gospels from Aramaic
10) Banjo lessons
11) Taking food and cheap stock to the needy
12) Donating blood
13) Laughing ass off at shareholders
It is the church of the divine Providence of Saskatchewan and Urban is Choir-Master. Pray that you may touch his cloak so that you may be healed my son.
You realize that "New York lawyer" and "top reputation" is an oxymoron?
Just a bunch of 40 something overweight guys riding on a bush crawler acting like they're on safari. The only thing missing was Tarzan swinging from the drill mast.
Melvin,
I called and spoke to you about 2 weeks ago. At that time you assured me that the total number of shares would be posted that week. I hold a signifacant amount of shares in the company, and would buy more for the long haul but, I don't believe that your being all that straight with the shareholders. I asked you not to blow sunshine up my as*, just tell me straight up. Being vag and stepping around questions being put to you is bullsh**. Please stop. We all need some answers to some real simple questions.
1. How many shares are there total outstanding?
(not to hard, you have had ample time to figure it out)
2. Claim Numbers. How hard is that? If your digging, I'm sure its on a claim and it has a number.
Melvin, I'm not attacking you. I just want to know. Its really hard definding the stock when you won't give us any info on it. Isn't it our right. I'm on a few forums and there's alot of investors of this stock. There's a bunch that want to come up and see the operation up there. They want to see what they have invested all of there hard earned money in. They want to take pictures and meet you and Urbby. They want the names of the people on the board. I can't blame them really, you haven't provided much concrete/ researchable info and you should be. People get nervious when investing retirement dollars. I have great hopes for this company Mel, but we all need for you to answer the questions put to you. Please limit the dancing around; just give it to us straight.....Thanx in advance,...Jim
Posted by: Jim Moore on November 1, 2003 02:01 PM
Say goodbye to your money Jim Moore.
Posted by: I.P.Funnee on November 1, 2003 02:39 PM
"I called and spoke to you about 2 weeks ago."
I talk to a lot of people friend.
"At that time you assured me that the total number of shares would be posted that week."
That information is for the time being confidential.
"I hold a signifacant amount of shares in the company, and would buy more for the long haul but, I don't believe that your being all that straight with the shareholders."
You will be rewarded for your patience!
"I asked you not to blow sunshine up my as*, just tell me straight up. Being vag and stepping around questions being put to you is bullsh**. Please stop. We all need some answers to some real simple questions."
I don't know you well enough to blow anything up your as*
"1. How many shares are there total outstanding?
(not to hard, you have had ample time to figure it out)"
We are still counting all the shares retired to the treasuree.
"2. Claim Numbers. How hard is that? If your digging, I'm sure its on a claim and it has a number."
In our attempt to confuse the competition we have confused ourselves. We will post this information when available but believe you me we have lots and lots of claims.
"Melvin, I'm not attacking you. I just want to know."
Yes you are attacking me!
"Its really hard definding the stock when you won't give us any info on it. Isn't it our right."
If you read the back of your share certificate you will see the rights you have as shareholders are practically nil!
"I'm on a few forums and there's alot of investors of this stock. There's a bunch that want to come up and see the operation up there."
Good luck!
"They want to see what they have invested all of there hard earned money in. They want to take pictures and meet you and Urbby."
Double good luck!!
"They want the names of the people on the board.
I can't blame them really, you haven't provided much concrete/ researchable info and you should be."
If you no longer like your investment please feel free to sell.
"People get nervious when investing retirement dollars."
I get nervious too when people ask me a lot of questions. Right now I'm drowning in sweat.
"I have great hopes for this company Mel,"
Good on you!!
"but we all need for you to answer the questions put to you."
In the over all scheme of things need sometimes equals greed. You must ask yourself what you can do for your company and not what can your company do for you.
"Please limit the dancing around; just give it to us straight.....Thanx in advance,...Jim"
Anytime Jimbo, and you're welcome.
Posted by: TheRealMelvin on November 2, 2003 11:42 AM
http://www.diamondblog.com/archives/000870.html
Oh good grief...
http://www.casavantmining.com/video.asp
CMKM Diamonds the subject of aborted radio debate
2004-09-24 12:31 ET - Street Wire
Also Street Wire (U-SGGM) St. George Metals Inc
Also Street Wire (U-UCAD) US Canadian Minerals Inc
by Lee M. Webb
CMKM Diamonds Inc., a sub-penny pink sheet promotion headed by Saskatchewan native Urban Casavant, was to be the topic of debate during a Sept. 21 half-hour Christian radio program called Prosperity for God's People. Stock tout Ed Miller of the Green Baron was scheduled to square off against a critic of the CMKM promotion, Hartley Bernstein of Stock Patrol. The ballyhooed debate bombed when Mr. Bernstein bowed out early.
Evidently Mr. Bernstein was unexpectedly travelling when the live radio program went to air and a poor telephone connection prompted his early departure from the debate. News of that development was greeted with a mixture of delight and derision among CMKM's faithful followers, many of whom label Mr. Bernstein a "basher."
The word "basher" is a popular, if nebulous, term bandied about regularly on Internet chat sites. At the frequently used extreme, anyone with the temerity to raise concerns or ask critical questions about a stock runs the risk of being labelled a basher.
Given Mr. Bernstein's very brief participation, Prosperity for God's People was pretty much basher free on Sept. 21. Pastor DeWayne Reeves, host of the program, and his stock tout guest, Mr. Miller, filled the void left by Mr. Bernstein with an upbeat chat about CMKM, a stock held by both the good pastor and the tout.
Before turning to a review of the great debate that turned into a chat, an introduction to CMKM and the participants in the radio program might be of some benefit to those unfamiliar with the pink sheet promotion.
The topic
CMKM, like most companies that trade on the mighty pinks in the U.S., is hardly a paragon of disclosure. The company's last regulatory filing was made with the U.S. Securities and Exchange Commission (SEC) on July 22, 2003, when it filed a certification and notice of termination of registration or suspension of duty to file reports.
Since CMKM stopped filing with the SEC, the sketchy information that can be pieced together about Mr. Casavant's pink sheet promotion comes largely from the company's own news releases, often vague and fluffy, and the occasional snippet gleaned from a welter of associated companies. Some of those snippet-delivering associated companies are even more obscure than CMKM.
Among the few pieces of information available from official outside sources is that CMKM is authorized to issue 800 billion shares. In addition, the official published ratio for a dividend-in-specie scheme payable on Sept. 24 pegs CMKM's staggering outstanding total at more than 779 billion shares.
CMKM has a wide following that extends far beyond the company's estimated 45,000 shareholders who hold those 779 billion shares. In addition to CMKM's devoted fans, many people follow discussions of the company on a number of Internet chat sites simply for the entertainment offered by the outlandish speculation, rumours and fantasies served up and seemingly embraced by both experienced touts and starry-eyed naifs who hold the stock.
The company's promotion turns on its interests in an unspecified number of mineral claims in Saskatchewan. Particular promotional effort is given to CMKM's highly touted property interests in the Fort a la Corne area, home to two advanced diamond exploration projects entirely unrelated to Mr. Casavant's play.
Earlier this year, CMKM and three joint venture partners, Canadian-listed Consolidated Pine Channel Gold Corp. and United Carina Resources Corp. along with OTC Bulletin Board offering U.S. Canadian Minerals Inc., drilled five holes on the Smeaton property in Saskatchewan. Much to the delight of the company's excitable fans, CMKM announced in late March that the Smeaton drilling had intersected kimberlite.
As previously noted in Stockwatch, it would have been something of a shock if the drilling program had not intersected kimberlite, given that the holes were apparently positioned to retest a 1996 Smeaton kimberlite hit by Swannell Minerals Corp.
After Swannell abandoned the project, Consolidated Pine Channel and United Carina picked it up and poked another four holes into the property in late 2000, hitting a narrow zone of reworked kimberlite in one of the holes.
Smeaton, with its less than stellar results, was then shopped around until Panterra Exploration Corp. briefly picked up and subsequently dropped an option on the property. Smeaton gathered dust again until CMKM appeared on the scene.
The excitement over CMKM's reported kimberlite intersection was ratcheted up a few notches in June when the company announced that the "Carolyn" pipe, renamed after Mr. Casavant's wife, was diamondiferous.
CMKM's Canadian partners, Consolidated Pine Channel and United Carina, subsequently disclosed more details regarding the diamondiferous Smeaton property. According to that more detailed report required by Canadian regulators, 12 Smeaton samples were sent for analysis, but only one sample weighing 40.1 kilograms yielded any microdiamonds. Sample No. 5 returned two tiny "stones" with a combined weight of only 0.000005 carat.
CMKM and its partners, bolstered by the addition of another Canadian junior, Shane Resources Ltd., moved to another site in early August. According to CMKM's investor relations spokesman, Melvin O'Neil, one hole was completed on the new property approximately two weeks ago, intersecting what he has described as "very interesting stuff." The identity of the "stuff" has not been disclosed.
Meanwhile, Mr. O'Neil says that the drill rig has been moved and a new hole is being drilled approximately 1.5 miles away from where the unidentified stuff was intersected in the last hole. It is not clear why CMKM would move so far from the very interesting stuff, but 1.5 miles is well beyond anything that could be called a step-out hole.
Notwithstanding CMKM's less than exciting exploration results, at least for investors with some experience when it comes to mining plays, the company has recently been the recipient of some rather hefty cash infusions.
In addition to peeling off 7.5 million shares, U.S. Canadian Minerals has ponied up $5.5-million for a slice of CMKM's mineral claims. (All future amounts are in U.S. dollars.) At least $3-million of that amount came from an otherwise unidentified related party to CMKM.
U.S. Canadian Minerals currently holds a 9.16-per-cent stake in CMKM's claims and can increase its interest to 15 per cent by shelling out a further $9.5-million.
St. George Metals Inc., a recently revived Nevada shell with connections to Mr. Casavant, has also been pouring shares and money into CMKM. In addition to a whopping 200 billion restricted shares, St. George has anted up $7.5-million under a $10-million option agreement to acquire a 5-per-cent stake in CMKM's mineral claims.
The source of that money remains a mystery, as does almost everything else about St. George, which also changes hands on the mighty pinks.
According to many of the CMKM faithful, any account of the company that does not include mention of its highly touted lawyer, D. Roger Glenn, would be seriously remiss, at best. Great weight is placed on Mr. Glenn's association with the company; indeed, some shareholders claim that he is the reason they hold the stock.
Many CMKM followers claim that Mr. Glenn is one of the top securities lawyers in the U.S., some extend that to one of the best in the world. While Mr. Glenn may indeed be a very good securities lawyer, Stockwatch has not been able to discover any publication ranking him among the top securities lawyers in the U.S. or anywhere else.
A review of SEC filings indicates that Mr. Glenn has been with three different law firms over the past five years and his name appears in SEC filings by at least 12 reporting companies over the same time period. Six of those companies are currently trading on either the OTC Bulletin Board or the pink sheets.
Mr. Glenn has not responded to a Stockwatch interview request.
Stock Patrol
Mr. Bernstein, one of the scheduled participants in the great debate, is the founder and publisher of Stock Patrol, which has been around since 1999. Since June of this year, Mr. Bernstein has published a number of very unflattering articles about CMKM.
"Dozens of the companies and people that have been profiled on StockPatrol.com have subsequently been targets of regulatory proceedings, investigations and criminal prosecutions," the company claims on its website.
Mr. Bernstein does indeed seem to have a nose for sniffing out overblown promotions and even outright scams that have subsequently run afoul of securities regulators and other agencies, including law enforcement agencies.
Apparently Mr. Bernstein's sniffer was not enough to keep him from his own stock-related problems when he was a securities lawyer representing a number of public companies and some brokerage firms.
"To his regret, Mr. Bernstein became aware of certain aspects of his clients' activities, and didn't disclose those activities to securities regulators," Stock Patrol's gloss on the affair states. "As a result, Mr. Bernstein agreed to plead guilty to participating in a conspiracy to commit securities fraud, and was sentenced to probation."
A May 27, 1999, litigation release issued by the SEC paints a much harsher picture of Mr. Bernstein's regrettable involvement in what the U.S. regulator described as a "massive securities fraud."
According to the SEC, simultaneously with being named in a civil complaint filed by the regulator, Mr. Bernstein consented to the entry of a final judgment in the case that included an order to pay a civil penalty of $40,000.
The U.S. regulator noted that in a parallel criminal proceeding in connection with the massive fraud, Mr. Bernstein pled guilty to two criminal counts, one count of perjury and agreed to pay $850,000 in restitution for his role in the fraud.
The Green Baron
Mr. Miller, the head of the Green Baron, also seems to have a keen nose for promotions. Indeed, he touts many stock promotions on his website.
While Mr. Miller receives compensation for some of his touting, as disclosed at the end of a very long disclaimer, he has evidently not been compensated for touting CMKM. He has also provided some free touting service to U.S. Canadian Minerals.
Unlike Mr. Bernstein, Mr. Miller does not seem to have ever run afoul of securities regulators.
Mr. Miller, who holds an undisclosed number of shares in CMKM, has published several articles about the company, all of them upbeat. According to the Green Baron puffery, CMKM could be "the stock play of a lifetime."
The pastor
Mr. Reeves, the host of Prosperity for God's People, holds approximately 10 million shares of CMKM.
The enterprising pastor is associated with an outfit called Christian Traders, which also has an Internet presence. Mr. Reeves and Christian Traders report that no compensation is received for any of the company profiles on the website.
Christian Traders features a message board, including a members-only forum for discussing CMKM that accounts for approximately 80 per cent of the messages posted to the site.
Mr. Reeves has previously discussed CMKM on his radio program.
On the air
While Mr. Reeves has discussed CMKM before on his radio program, the Sept. 21 edition of Prosperity for God's People featuring "The Great Debate" was billed as quite an event.
Broadcasting live from the flagship radio station in "beautiful Phoenix, Arizona," the program opened with a country-sounding spiritual song that seemed to come to an end with a clanging reminiscent of the closing bell on a stock exchange trading floor.
After welcoming his audience of Christian traders, Mr. Reeves paused to offer a prayer, noting that he was in need of prayer on that day and would later explain why he needed prayer.
Evidently Mr. Reeves's particular need for prayer had something to do with Mr. Bernstein and the possibility that he would not be able to take part in the great debate.
According to the good pastor, he had received word about an hour before the show was scheduled to air that Mr. Bernstein would be getting on an airplane, but would try to connect using an airplane telephone.
"Now, as you all know, this isn't something we cooked up last night," Mr. Reeves told his audience, with perhaps just a hint of exasperation. "The arrangements were made, carved in stone, over a week ago."
Mr. Reeves said he could not understand why Mr. Bernstein would be getting on a plane when he was expected to speak on national radio.
Rising flesh
"I'm a pastor, I'm what they call 'the man of God,' I'm supposed to not be burdened with this fleshly thing," Mr. Reeves remarked as he shared his reaction to the unsettling news about Mr. Bernstein. "But, you know, my flesh rose up. Your flesh rose up today, too, and it's probably going to rise up again before you go to bed.
"So what we have to learn to do as Christians is we have to learn to crucify that flesh.
"I can't be angry with this brother I don't even know. I have to love him, forgive him, pray for him because that's what God calls us to do."
Perhaps fortunately, the tide of rising flesh at least temporarily ebbed as Mr. Reeves announced that his technician was talking furiously to someone on the phone, possibly Mr. Bernstein.
On again
"We have Mr. Bernstein, he made it through on his airline phone!" Mr. Reeves exclaimed a short time later.
With the help of some prompting from Mr. Reeves, Stock Patrol's publisher explained that his plans had unexpectedly changed because he had broken his hand on Sept. 20 and was en route to visit his doctor.
The good pastor introduced his two telephone guests to each other and then sketched the format of the debate he envisioned.
Mr. Reeves then spent some time outlining the "neutral position" of Christian Traders with respect to CMKM.
"Yes, we do hold 10 million shares in our portfolio," the pastor noted. "We hold them simply for entertainment value. The reason I say that is because we don't have enough information yet to make any other type of a decision.
"Do we think that the possibility of making some profits are greater than a lottery ticket? Absolutely.
"Are we convinced? No.
"Have we been able to meet with management and ask them questions? No."
Mr. Reeves went on to provide the Christian Trader disclaimer regarding not accepting any compensation for promoting stocks. He also plugged the importance of becoming a member of Christian Traders, apparently a "unbiased" source of stock picks.
Off again
Alas, by the time Mr. Reeves was finished with his spiel Mr. Bernstein had lost his telephone connection.
"Ed, I'm going to talk to you," Mr. Reeves said after discovering that Mr. Bernstein was no longer connected. "If Hartley gets back through, then so be it."
The pastor began his one-to-one chat with Mr. Miller by reading a good portion of one of the CMKM touts published on the Green Baron website.
A key issue in that early tout was a discussion of the number of outstanding CMKM shares. According to the dated Green Baron article, "bashers" put that figure at approximately 483 billion shares. At that time, Mr. Miller's Green Baron maintained that the figure was incorrect and that the number of outstanding shares would be far lower than that.
A brouhaha erupted over the number of outstanding shares in June after CMKM briefly changed its transfer agent. The new transfer agent, Pacific Stock Transfer, was the recipient of some rather glowing comments from Mr. Glenn, CMKM's highly touted lawyer.
Shortly after being engaged, however, Pacific Stock Transfer disclosed CMKM's outstanding total, setting the figure at 400 billion shares. That news was broken on an obscure stock talk radio program on June 30.
CMKM's investor relations spokesman, Mr. O'Neil, just happened to be listening to the obscure program at the time and quickly called in to claim, in rather blunt terms, that the 400 billion figure was wrong. It was, as he put it, "b.s."
In a recent Stockwatch interview, Mr. O'Neil was asked about his June 30 claim regarding the number of outstanding shares. After Stockwatch pointed out that he had given the impression that the outstanding total was far less than the 400 billion disclosed by the transfer agent at the end of June, Mr. O'Neil said that if he left that impression, he owed the public an apology.
Pacific Stock Transfer was dumped immediately after disclosing the number of shares. Mr. O'Neil is still CMKM's investor relations representative.
In any event, when the Green Baron article first appeared, CMKM was authorized to issue 500 billion shares. Since then, the company has raised the authorized total to 800 billion shares.
Responding to Mr. Reeves's question regarding the outstanding shares, Mr. Miller acknowledged the increase in the authorized total to 800 billion shares and then went on to argue that CMKM had not issued all those shares, contrary to the claim by Stock Patrol.
In support of his claim, Mr. Miller served up a rather weak and confused argument tenuously linked to an SEC filing by U.S. Canadian Minerals. The apparent thrust of that misguided argument was that Mr. Casavant would not be receiving dividends on 40 billion shares of CMKM that he held prior to transferring them to privately owned Nevada Minerals Inc. on July 26 as part of mineral claims acquisition deal.
Given that Mr. Casavant personally held those 40 billion shares, they were clearly part of the outstanding shares. Moreover, given that the transfer of the 40 billion shares occurred prior to the record date for the dividend-in-specie scheme, Mr. Casavant clearly would not be receiving the dividend on those shares.
"We believe that he has locked up some shares," Mr. Miller continued, offering no substantiation for that belief or any explanation of how that would reduce the number of outstanding shares.
"Uhm, obviously we think he's bought back some shares," the tout went on, again not bothering to offer any support for that thinking.
Mr. Miller then segued into a discussion of a few things that were "out there" when the Green Baron "changed to a buy recommendation" on CMKM.
The tout's nattering about "a buy recommendation," though quite possibly candid, is at odds with the wordy disclaimer on the Green Baron website. "This material is not a solicitation or recommendation to buy, sell or hold any securities and does not provide an analysis of the financial position of the company," the lengthy blanket disclaimer states in part.
Among the things that were "out there," according to Mr. Miller, was a stock-and-cash deal under which U.S. Canadian Minerals could acquire up to 15-per-cent of CMKM's mineral claims. The first 5 per cent was acquired in exchange for 7.5 million restricted shares of U.S. Canadian Minerals.
Like many CMKM touts, Mr. Miller assigned a value to that deal using the arguably unrealistic market price of OTC-traded U.S. Canadian Minerals, currently floating around $5 per share. Mr. Miller pegged the value of the deal, including $9.5-million that has yet to be paid under an option agreement, at $52.5-million.
He also assigned a value to CMKM's holdings of another pink sheet company, Juina Mining Corp. CMKM currently holds more than 95.5 million shares of Juina, purchased for $500,000. That stake amounts to 25 per cent of Juina and CMKM has an option to acquire a further 24 per cent of the company for another $500,000. Juina has recently been changing hands for four U.S. cents. Mr. Miller tagged a value of $7-million to that deal, including the as yet unexercised option.
The Green Baron tout floated out a value of $78-billion for a deal involving St. George Metals before suggesting that rather than argue about that value, it could be discounted completely. He went on to suggest that a deal involving the even more obscure privately owned Casavant International Mining Inc. could be valued at $20-million.
According to Mr. Miller, even completely discounting the value of the St. George deal, his calculations lead to the conclusion that CMKM is trading at half of its value.
"And that doesn't even take into consideration that if you look up Saskatchewan, Saskatchewan is the second-highest oil producing providence and the third-highest natural gas producing providence in Canada," Mr. Miller went on, either unfamiliar or having difficulty with the word "province."
"And Saskatchewan is the third-largest non-fuel mineral producing providence in Canada," he continued.
"And the forestry that's there is one of the fastest growing industries there is.
"And then we look at potash. The providence is the largest potash producer in the world and accounts for 25 per cent of the world's potash production."
Mr. Miller never did get around to explaining just what oil, natural gas, forestry or potash might have to do with a pink sheet diamond exploration promotion.
The return
As the tout seemed to be nearing the end of his nattering about Saskatchewan, Mr. Bernstein managed to establish his telephone connection again. Evidently the Stock Patrol publisher was a little puzzled by all that talk of the prairie province.
"My concern here is that from an investor's point of view it's all well and good that there are these terrific industries thriving in Canada," Mr. Bernstein remarked. "There is not a single piece of information that indicates where CMKM stands in any of those industries.
"There is not a single piece of information that that company puts out that is verifiable.
"There is not a single audited financial statement or revenue number.
"There is absolutely nothing for an investor to go on."
Mr. Bernstein went on to remark that there are a number of very successful Canadian companies that provide a great deal of disclosure that are involved in the industries mentioned by Mr. Miller. He suggested that investors should look into those companies.
Mr. Miller piped in to say that he would like to respond to Mr. Bernstein, but he could not hear what he was saying.
Stock Patrol's publisher then apologized for the connection difficulties and said that he would try to speak with Mr. Reeves at some other time. With that, Mr. Bernstein signed off.
Back to the chat
"Okay, Ed, it looks like it's me and you," the pastor said after Mr. Bernstein again left the discussion.
Evidently for the benefit of Mr. Miller, the pastor offered his summary of Mr. Bernstein's comments.
"What he was saying is that there is no verifiable information," Mr. Reeves said. "We have no way of knowing that anything exists."
With the summary of Mr. Bernstein's comments out of the way, Mr. Reeves threw out his own comment. "However, all these companies keep throwing money at CMKX," the pastor said, referring to the company by its trading symbol. "Why is that?"
"Well, with today's technology, these companies know what exists," Mr. Miller replied, a claim that might surprise the executives and geologists at a number of mining companies still labouring under the notion that extensive drilling and sampling is required to prove up a deposit.
The tout went on to acknowledge that CMKM was not "going to be pulling up diamonds in a week or two," something of an understatement, to be sure.
"However, with today's technology and these fly-overs that are done and the gemologists looking at the evidence they have, these companies that are putting up $5-million and $10-million know what's there and they're going to be a part of the game because they're excited about what's there and that has to excite us as shareholders also," the tout gushed.
Mr. Reeves then asked about another issue raised by Stock Patrol; specifically, questions about the source of the cash that is being funnelled into CMKM.
"I honestly can't tell you," Mr. Miller acknowledged, stumbling a bit with his reply.
"Uhm, you know, they're -- these are mining people that are getting involved in these businesses," he offered.
"Uh, UCAD (U.S. Canadian Minerals) is in, uh, Ecuador, Yellow River, pulling out gold at an astronomical pace," the tout continued. "Very exciting company, I feel. That's where they're coming up with a lot of their money."
Just where Mr. Miller came up with the notion that U.S. Canadian Minerals is "pulling out gold at an astronomical pace" is another mystery, and one that certainly cannot be solved by looking at the company's dismal financial results. U.S. Canadian Minerals, flagged with a going-concern warning, is virtually penniless and has not reported any revenue.
"They did some equity financing, which obviously someone knows they have some products also," Mr. Miller continued.
What the Green Baron tout attempts to pass off as obvious may be murky, at best. In fact, the only thing obvious about recent financings by U.S. Canadian Minerals is that $3-million came from an unidentified party related to CMKM and was subsequently shunted off to CMKM, something disclosed well after the fact in an SEC filing.
Mr. Reeves moved on to ask why CMKM's stock price refuses to go up.
"Well, a couple of different reasons," Mr. Miller replied. "One, I think there's stock manipulation out there."
He went on to hint rather broadly that CMKM was being shorted, something that he suggested was a reason for hiring the esteemed Mr. Glenn.
He also suggested that CMKM had to become a reporting issuer and move to a higher board. That would certainly be quite a feat, given the company's share structure, among other things.
The wrap
"Well, Mr. Miller, I want to thank you for taking today's show seriously, for being faithful to come and stand by your convictions," Mr. Reeves said as the program was winding down.
"I hope that in the future Mr. Hartley (Mr. Bernstein) will take the opportunity that has been extended to him to defend the statements he has made," the pastor continued. "Everyone has read them and since he did not make it a priority to get on the air today, as promised, then I am not going to read over all of these negative statements. I will wait until he is on the air and he is able to defend the statements that he has made."
Mr. Reeves had one more question for Mr. Miller.
"Now, let me ask you this," he began. "If your mother was on a fixed income and she needed to invest a few dollars, would you personally steer your own mother towards CMKX?"
Mr. Miller danced around that question for a while, explaining that Green Baron's job was to put out information.
He went on to remark that Stock Patrol's job was to ask the questions. "That's what he is putting out there are questions that he knows can't be answered and that's, quite honestly, the way a basher works," Mr. Miller continued.
"Our job at the Green Baron is to give the information and not the question," the tout said.
"We list a lot of different stocks," he remarked. "We never actually say, 'Go and buy this stock.'"
Eventually Mr. Miller did come directly back to the question, with some prompting from Mr. Reeves.
"If your mom said, "Eddy, should I buy some CMKX," would the answer be yes?" the pastor asked.
"Ah, yes," Mr. Miller replied. "Actually, my mother is not living, but my father is and I do have him in CMKX."
With that, the good pastor thanked Mr. Miller again and then closed out his show.
On Sept. 23, U.S. Canadian Minerals shed 19 cents with 8,400 shares changing hands and ended the day at an even $5.
St. George Minerals traded 585,200 shares and closed unchanged at 27 cents.
CMKM Diamonds registered a volume of approximately 2.5 billion shares and closed at three-100ths of a penny.
The saga will continue.
Comments regarding this article may be sent to lwebb@stockwatch.com.
(More information regarding CMKM Diamonds and associated companies can be found in Stockwatch articles dated Oct. 21, 2003; June 22; and Sept. 16, 2004.)
maybe you should change your name to genius...
WOW, another highroller!!!