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NSDM Market Diamonds on eBay
2005-11-16 09:00 ET - News Release
BELLINGHAM, WA, Nov. 16 /PRNewswire-FirstCall/ - North Star Diamonds, Inc. is now gearing up for the Christmas season with the marketing of its diamonds on eBay and the marketing of the Star Cut and Starburst diamond.
NSDM has decided to market Canadian Diamonds on eBay, which is expected to increase initial sales by an estimated $30,000 per month and continue to increase up to an additional $50,000 per month. The first diamonds have been listed and more diamonds will continue to be listed on a weekly basis.
NSDM is also marketing the Star Cut diamond, recently developed to meet the growing demand for specialty diamonds. This diamond is shaped like a star, has 86 facets and is extremely brilliant. Presently, it is available in 0.25 Carats and larger stones will become available as demand increases.
Plans are underway to market the Starburst diamond for the Christmas Season. The "Starburst" diamond is a rectangular brilliant cut diamond with 88 or more kite- and star-shaped facets.
Walter Stunder is now in Winnipeg introducing the Star Cut and Starburst diamond at the Manitoba Geological Convention and to facilitate the diamond drilling program on Phase 6.
DIAMOND DISCOUNTS
NSDM now offers a better price on diamonds to shareholders. This is based on cost plus a small markup rather than discounts from retail. NSDM is now qualified for a better price from the cutters and will pass these savings on to shareholders. For the new prices call 1-877-454-7872.
ABOUT NORTH STAR DIAMONDS, INC.
North Star Diamonds, Inc. is a diamond exploration and diamond sales company. The Company holds 117,820 acres of strategically acquired diamond claims mostly in the Southern Manitoba area of Canada. The company market diamonds in Canada and the United States. North Star Diamonds, Inc. has offices in Bellingham, WA and Vancouver, BC. www.northstardiamonds.net
CONTACT: Toll Free: 1-877-454-7872, or
Email: contact@northstardiamonds.net
Walter Stunder, President
-------------------------------------------------------------------------
Disclaimer: This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of North Star Diamonds Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
North Star Diamonds, Inc.
CONTACT: Toll Free: 1-877-454-7872, or Email:
contact@northstardiamonds.net
Diamond exploration expected to move forward on Phase 4 & 6
2005-11-08 09:00 ET - News Release
BELLINGHAM, WA, Nov. 8 /PRNewswire-FirstCall/ - North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) is pleased to announce that the final arrangements for the diamond exploration program have been made.
Walter Stunder will be traveling to Winnipeg on Nov 15-19 for the Manitoba Prospectors Conference and to supervise the geophysics and drilling. The delays have been due to an extremely wet spring and summer. Also, there was a lack of equipment locally due to high exploration activity. These problems are now solved and the exploration will now move forward.
John Hayles is now available to complete the geophysics.
DIAMOND DISCOUNTS
NSDM offers a wide selection of diamonds and diamond jewellery at the best price. Please call us at 877-454-7872 or email us at sales@northstardiamonds.net for further information. Marina Chakharian, NSDM's diamond consultant, will be happy to assist you with your purchase.
ABOUT NORTH STAR DIAMONDS, INC.
North Star Diamonds, Inc. is a diamond exploration and diamond sales company. The Company holds 117,820 acres of strategically acquired diamond claims mostly in the Southern Manitoba area of Canada. The company market diamonds in Canada and the United States. North Star Diamonds, Inc. has offices in Bellingham, WA and Vancouver, BC. www.northstardiamonds.net
CONTACT: Toll Free: 1-877-454-7872, or
Email: contact@northstardiamonds.net
Walter Stunder, President
Disclaimer: This press release contains statements, which may constitute "forward-looking statements'' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of North Star Diamonds Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE North Star Diamonds, Inc.
NSDM UPDATE
BELLINGHAM, WA, September 29, 2005/PRNewswire-FirstCall via COMTEX/-- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) reports on frequently asked questions.
Work is almost complete on the pre-audit portion of the bookkeeping. Mr. George Wilson-Tagoe is reporting steady progress with regard to the finalization of the consolidation of the two years of records. This is a process which takes time as all contracts, opening balances, land acquisitions, and financings must be thoroughly reviewed for legal and accounting accuracy.
Walter Stunder and Rendal Williams visited the drill site on Phases 4 and 6. The farmers are very co-operative as the prospect of finding diamonds would assist the local economy which has been adversely affected by a near record year of rainfall. John Friesen, of Friesen Drillers, demonstrated the drilling equipment which will be used on the project. Drilling will begin when the geophysical data is processed and drill sites are established. NSDM is also negotiating with other potential joint venture partners.
Attracting joint venture partners is part of NSDM's strategy to add value to its numerous properties while minimizing share dilution to its shareholders. NSDM is actively pursuing additional joint venture property option partners.
DIAMOND DISCOUNTS
NSDM offers a wide selection of diamonds and diamond jewellery at the best price. Please call us at 877-454-7872 or email us at sales@northstardiamonds.net for further information. Marina Chakharian, NSDM’s diamond consultant, will be happy to assist you with your purchase.
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Geophysics begin on Phase 4 and Phase 6
BELLINGHAM, WA, Sept 21, 2005 /PRNewswire via COMTEX/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) is pleased to announce that Walter Stunder, President and CEO of North Star Diamonds Inc., is in Winnipeg, accompanied by Rendal Williams, CEO of United States Canadian Minerals Inc. (Pink Sheets: USCA) to kick off the geophysical work on the diamond exploration program on Phase 4 and 6.
USCA and NSDM have a joint drilling program on Phase 4, and NSDM is conducting its own drilling program on Phase 6. NSDM is the operator of both exploration programs. This geophysical work defines the exact size and shape of the geological formation. This makes it possible to establish the precise position of the drill hole and to accurately estimate the depth of the target.
Mr. Rendal Williams will also take this opportunity to meet with the government officials and to familiarize himself with the local conditions as further work is planned for the area in conjunction with NSDM. NSDM is actively negotiating with other potential joint venture partners for the development of their potential diamond properties.
DIAMOND DISCOUNTS
NSDM offers a wide selection of diamonds and diamond jewellery at the best price. Please call us at 877-454-7872 or email us at sales@northstardiamonds.net for further information. Marina Chakharian, NSDM's diamond consultant, will be happy to assist you with your purchase.
ABOUT NORTH STAR DIAMONDS, INC.
North Star Diamonds, Inc. is a diamond exploration and diamond sales company. The Company holds 117,820 acres of strategically acquired diamond claims mostly in the Southern Manitoba area of Canada. The company market diamonds in Canada and the United States. North Star Diamonds, Inc. has offices in Bellingham, WA and Vancouver, BC. www.northstardiamonds.net
CONTACT: Toll Free: 1-877-454-7872, or
Email: contact@northstardiamonds.net
Walter Stunder, President
Disclaimer: This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of North Star Diamonds Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE North Star Diamonds, Inc.
CONTACT: Toll Free: 1-877-454-7872, or Email: contact@northstardiamonds.net
URL: http://www.prnewswire.com
www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved
Interesting Discussion on Walter:
http://cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1127063827
BELLINGHAM, WA, Aug 30, 2005 /PRNewswire-FirstCall via COMTEX/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) is pleased to announce it has reached a joint drilling program agreement with U.S. Canadian Minerals, Inc. (Pink Sheets: USCA) for Phase 4 (Whitemouth Lake).
Diamond exploration on Phase 4 (Whitemouth Lake) will begin with geophysical work followed by a drill program on three targets. USCA will initially earn 20% of the joint drilling program, 50% by spending $500,000 US on further development, and 80% ownership for bringing the site into production. USCA has also issued 139,534 shares of stocks to North Star Diamonds Inc. and will pay for all exploration and drilling costs while North Star Diamonds Inc. will continue to be operator of the project. Walter Stunder, President and CEO of NSDM, and Rendal Williams, President of USCA, will be traveling to Manitoba to meet with the geologist and drillers as well as government officials.
"We are pleased to have USCA and Rendal Williams take an active role in the Manitoba diamond exploration project," stated Walter Stunder, "Mr. Williams has previous diamond exploration near this area and is an asset to the project."
Drilling will commence as soon as geophysical work is complete and drilling equipment is available.
DIAMOND DISCOUNTS
NSDM is pleased to extend the diamond discount to U.S. Canadian Minerals, Inc. shareholders. Please call us at 877-454-7872 or email us at sales@northstardiamonds.net for further information. Marina Chakharian, NSDM's diamond consultant, will be happy to assist you with your purchase.
ABOUT NORTH STAR DIAMONDS, INC.
North Star Diamonds, Inc. is a diamond exploration and diamond sales company. The Company holds 117,820 acres of strategically acquired diamond claims mostly in the Southern Manitoba area of Canada. The company markets diamonds in Canada and the United States. North Star Diamonds, Inc. has offices in Bellingham, WA and Vancouver, BC. www.northstardiamonds.net
CONTACT: Toll Free: 1-877-454-7872,
Drillers selected for Phase 6 diamond exploration program
2005-08-23 09:00 ET - News Release
BELLINGHAM, WA, Aug. 23 /PRNewswire-FirstCall/ - North Star Diamonds, Inc.(NQB Pink Sheets: NSDM) is pleased to announce that an agreement for drilling Phase 6 has been reached with Friesen Drillers Ltd. (www.friesendrillers.com).
Friesen Drillers Ltd. is a Manitoba company which has been in business since 1892 and employs the latest technology in drilling. The drilling program will employ a technology similar to RC drilling (Reverse Circulation). The main advantages of this drilling technology is the speed by which the hole can be drilled and a greater amount of material which can be brought to the surface. Friesen Drillers Ltd. is less than 50 miles from the drill site, therefore mobilization and demobilization of the drill is quicker and less costly.
The previously announced geophysicist and drillers are presently contracted on other projects and are unable to work on this project at this time.
Walter Stunder will be traveling to the drill site in about two weeks to begin drilling.
About North Star Diamonds, Inc.
Yep, however, at this stage all I care about is that they still have a 'pulse'. Worthless, but a 'pulse'.
NSDM announces commencement of Phase 6 geophysics
2005-08-10 09:00 ET - News Release
BELLINGHAM, WA, Aug. 10 /PRNewswire-FirstCall/ - North Star Diamonds Inc. (NSDM Pink sheets) is pleased to announce that the ground conditions on Phase 6 of the Manitoba diamond exploration program are suitable for the commencement of geophysical work.
Mr. Pat Holden, President of Central Geophysics Limited, will be performing the work. Central Geophysics Limited has been working in Manitoba for over fifty years and has a comprehensive knowledge of the geology of that area. Mr. Pat Holden received his geological education from the University of Manitoba. He is the past president of the Manitoba Prospectors and Developers Association. NSDM is pleased to have retained the services of such a qualified company to perform its geological services.
CONTACT: Toll Free: 1-877-454-7872, or
Email: contact@northstardiamonds.net
Walter Stunder, President
North Star touts Manitoba gems
2005-07-18 14:56 ET - Street Wire
by Will Purcell
Walter Stunder's one-cent pink sheets promotion, North Star Diamonds Inc., continues to poke about in southeastern Manitoba for diamonds. The company got its start in the summer of 2003 as a diamond hunter in Ukraine, but it added projects in the area southeast of Winnipeg a few months later. North Star continues to tout its Manitoba plays, but exploration lags behind Mr. Stunder's promotion and the company's shares continue their two-year slide. As a result, North Star will likely have to drill into a kimberlite pipe and move up to the OTC Bulletin Board to attract serious notice.
The plays
In a promotional salvo fired late in May, when the stock was usually under one cent, Mr. Stunder said that North Star planned to get cracking on its Manitoba diamond hunt. The company had drilling permits at the ready and North Star planned to complete its geophysics and set a drill date within a week.
Mr. Stunder made it to the area in mid-June and North Star laid plans to begin drilling immediately. The company selected at least three prime targets on its Phase 4 project. The play, also known as the Whitemouth Lake project, is about 90 kilometres southeast of Winnipeg and about 30 kilometres northwest of Whitemouth Lake.
Few things are immediate on the mighty pinks, and North Star's toutable targets were still without drill holes at last report. The company cited soft ground as the reason for the drilling delay, but it touted bigger plans for the area nevertheless. Late in June, the company added the nearby Phase 6 project to its proposed drill program.
The Phase 6 play, also known as the Grunthal project, has four more features that hopeful Mr. Stunder thinks could be worth drilling. The four Grunthal targets are about 55 kilometres southeast of Winnipeg and within 10 kilometres south of Steinbach. That brings the number of potential drill targets on the two projects to seven.
Last year, North Star revealed that it was selecting joint venture partners for some of its Manitoba plays, which cover close to 50,000 hectares of ground across the southern and central parts of the province. Those areas are hardly diamond hotbeds, so Mr. Stunder's pinkie indeed seemed fortunate to have a selection of potential partners.
Just before Christmas, when the stock was around two cents, North Star revealed that it picked "a very well-known Canadian joint venture partner." Unfortunately, the identity of that well-known partner remained unknown to investors, but the anonymous partner apparently agreed to pay for drilling on four of North Star's Manitoba plays, including the Whitemouth Lake and Grunthal projects.
North Star's drill program hit snags, not kimberlite. The negotiations with the proposed partner dragged on, apparently because of the illness of the unnamed, well-known partner's president. Eventually, North Star put off its plans until this fall, as its well-known partner proved not to have a sufficiently well-endowed treasury to drill its pink partner's plays. Undaunted, North Star said it was "actively pursuing additional joint venture property option partners."
North Star has not been all talk. The company did manage a drill program on its Phase 1 play, also known as the Hadashville project. Late in 2003, the company drilled four targets on the property, about 100 kilometres east-southeast of Winnipeg.
The company's drill began turning just before Christmas with a promotional bang, and the company's shares temporarily reversed their slide, briefly jumping to nearly a dime early in 2004. (All share prices are in U.S. dollars.) One of North Star's targets proved to be a lamprophyre, but there was no word of any diamonds and interest quickly waned.
The track record
North Star is not Mr. Stunder's only crack at a Pink Sheets promotion, but it is one of his better efforts. Now in his late 60s, Mr. Stunder briefly tried to get a pinkie off the ground in 2003. Aurora Precious Metals Inc. was to be an explorer poking about in Ukraine for gold, although the company also touted its ability to extract gold from oil sands.
As things turned out, Aurora's story did not fare well with speculators. The company, which had been a dot-com failure in a few earlier market incarnations, became V-Net Beverage Inc. before the end of 2003. The company is now RushNet Inc., as the result of a recent transformation.
The Vancouver-based Mr. Stunder also tried his luck with Black Sea Minerals Inc. He became president of the company in 1998, and a few years ago, the company seemed poised to pursue a garnet project in Ukraine. Black Sea filed a few documents with the Securities Exchange Commission in 2003, but fell silent after that brief volley and the company currently seems dormant.
Mr. Stunder also runs Aurora Pacific Consulting and Development Corp., a private company that he set up in the mid-1970s. He speaks Russian and Ukrainian, which came in handy on his various gem projects in Ukraine over the years. He grew up on a farm and spent a year running a gravel plant in Prince George before teaching mathematics, physics and chemistry in high school. Later, Mr. Stunder worked as a seismic surveyor.
Mr. Stunder created North Star out of Omicron Technologies Inc. in the spring of 2003. He once again turned to Ukraine and gems to get his promotion rolling on the mighty pinks. A share cost just a penny during the summer of 2003, but the Ukrainian story had enough sparkle to send North Star's shares rocketing upward to the 20-cent mark. Gravity took over and North Star's shares are now a much earthlier hue of pink, as the stock dipped below one cent this spring.
Despite the flagging interest in North Star's diamond story, Mr. Stunder continues to tout plans to lift North Star off the Pink Sheets and onto the loosely regulated but heavily prosecuted OTC Bulletin Board. The first mention of a possible move came late in the summer of 2003. Mr. Stunder touted North Star as "a rapidly growing company" that would be more at home with a Bulletin Board listing.
Progress has been slow since then. North Star is still not a reporting company and remains relegated to the mighty pinks, but just a few weeks ago, Mr. Stunder claimed that North Star was making progress. The company says that it has two years of financial records and it has an accountant to audit its books.
The Manitoba hope
Mr. Stunder is not the first to tackle diamonds in Southern Manitoba, nor is he the first to have problems coming up with exploration dollars for the hunt. The Superior craton has long been a prime area for diamond exploration, and Northern Ontario attracted the likes of De Beers Canada Inc. and BHP Diamonds Inc.
Much of the effort went for naught, but De Beers thinks it has Ontario's first diamond mine in the Attawapiskat region of Northern Ontario, about 900 kilometres northeast of Winnipeg. The diamond giant plans to mine about six million carats from just under 30 million tonnes of kimberlite. That points to a modest grade, but the diamonds in the Victor pipe carry a high value, making a mine seem profitable.
De Beers turned up a large cluster of diamondiferous kimberlites in the Attawapiskat region and Spider Resources Inc. found five pipes about 100 kilometres farther to the west in the early 1990s. That sparked interest in the westernmost parts of the Superior craton, and a few explorers drifted across the Manitoba border in their searches.
Early in 1993, Winslow Gold Corp. picked up ground about 140 kilometres southeast of Winnipeg, near Whitemouth Lake. The company also picked up two partners, Surf Oil Co. and Northwind Ventures Ltd., and the play grew to over 17,000 hectares. Geophysics produced some promotional fodder. The partners identified more than a dozen anomalies that appeared quite large. More work followed in 1994, but none of the promised drill programs came about, and Winslow's promotion quietly faded to black.
The area around Lake of the Woods caught the attention of Dalton DuPasquier's Consolidated Newgate Resources Ltd. in 1993. The company picked up ground about 25 kilometres east of the Manitoba border, about 175 kilometres east of Winnipeg.
Newgate also touted an array of geophysical targets that could be kimberlites and the company added hints of indicator mineral promise to its promotion. The play attracted Chris Jennings and his SouthernEra Resources Ltd. and the partners drilled at least one of the targets. That was the end of the story and nothing more was heard of the Falcon Island play.
One of the bigger projects popped up briefly in 1994, when Lucky Break Gold Inc. and Rhonda Mining Corp. applied for about 250,000 hectares of ground in southeastern Manitoba. Diamonds were to be the focus, but the two partners reeled off a lengthy list of metals that they thought could be lurking on their big play. Rhonda grabbed over one million hectares of ground that stretched from Winnipeg to the Ontario border, in an arrangement with Mill City Gold Mining Corp.
Other companies hopped aboard the Manitoba bandwagon in the 1994 rush. The flurry of interest was fleeting, and the promotions died off with barely a whimper. Manitoba gems did attract some well-known explorers in the late 1990s, but De Beers, BHP Billiton Inc. and Kennecott Canada Exploration Inc. threw several millions of dollars at the northeastern part of the province. As a result, Winnipeg diamonds seem likely to remain a tough tout until an explorer produces a kimberlite find with some promotable diamond counts. That will take a good supply of cash, which could be a challenge for Mr. Stunder's company, although its financial status remains unknown until North Star becomes fully reporting,
North Star closed at 1.2 cents on Friday, off one-10th of a cent on 295,000 shares.
July 7, 2005
NSDM EXPECTS MORE SALES WITH UPDATED WEBSITE
Bellingham, WA, -- July 7, 2005/PR Newswire-FirstCall via COMTEX/-- North Star Diamonds, Inc.(NQB Pink Sheets: NSDM) is pleased to announce that a major update and redesign of its website is now complete. www.northstardiamonds.net is now much more aesthetic and user friendly, giving diamond shoppers easier access to its inventory as well as easier diamond selection. NSDM will also be making its website more accessible for customers through major search engines.
Additional inventory has been added on its website and a list of “hard to find diamonds” is available “by request only”. Simply email us at contact@northstardiamonds.net, fax to 604-685-1596, or call our toll free number with your request. NSDM will assure that its shareholders get the best prices in the industry.
NSDM’s updated is expected to increase sales of diamonds substantially.
About North Star Diamonds, Inc.
North Star Diamonds, Inc. is a diamond exploration and diamond sales company. The Company holds 121,808 strategically acquired diamond claims mostly in the Winnipeg area of Canada. The company sells diamonds in Canada and the United States. North Star Diamonds, Inc. has offices in Bellingham, WA and Vancouver, BC. www.northstardiamonds.net
CONTACT: Toll Free: 1-877-454-7872, or
Email: contact@northstardiamonds.net
Walter Stunder, President
NSDM prepares for Bulletin Board
2005-06-29 09:00 ET - News Release
BELLINGHAM, WA, June 29 /PRNewswire-FirstCall/ - North Star Diamonds, Inc. is pleased to announce that it has retained the services of Mr. George Wilson - Tagoe, BSc. CGA, to prepare NSDM's financial statements for audit. This marks another step forward in NSDM's progress in proceeding to the Bulletin Board from the Pink Sheets. June 30th marks the date NSDM will have two complete years of books. The financial statements, as well as other pertinent information, will be posted on to the Pink Sheets website.
Mr. George Wilson - Tagoe has been connected with many public companies in the past and NSDM is looking forward to benefiting from his experience. Mr. George Wilson - Tagoe replaces Mr. David Maxwell who has sold his firm and has gone into retirement.
For more information about Mr. George Wilson - Tagoe, please visit his website at www.wilsontagoe.com
CONTACT: Toll Free: 1-877-454-7872, or
Email: contact@northstardiamonds.net
Walter Stunder, President
CMKM tagged as an egregious violator by SEC lawyers
Sorry if repost
2005-06-06 21:00 ET - Street Wire
by Lee M. Webb
CMKM Diamonds Inc., a pink sheet play headed by Saskatchewan native Urban Casavant, is an egregious, repeat securities violator that will likely continue to breach its reporting obligations, according to lawyers for the U.S. Securities and Exchange Commission (SEC) enforcement division.
The U.S. regulator's rather unflattering assessment of CMKM is served up in a June 2 brief filed in the wake of a May 10 administrative hearing. According to the SEC's posthearing brief, the public interest would be best served by revoking the registration of CMKM's common stock.
As previously reported by Stockwatch, the SEC suspended trading in CMKM on March 3. Just as the 10-day trading suspension was set to expire, the SEC launched an administrative proceeding against CMKM.
According to the allegations in the March 16 SEC order instituting proceedings (OIP) against CMKM, the company was in breach of its reporting obligations for not filing required annual reports since May 9, 2002, and quarterly reports since Nov. 18, 2002.
On April 11, CMKM filed its response to the OIP. Represented by Donald Stoecklein, CMKM set out nine affirmative defences.
Among other things, the company claimed that the SEC lacked authority to conduct the proceedings; the allegations failed to state a claim upon which sanctions could be rendered; the proposed sanctions were "punitive remedies against individual and indispensable parties who have not had an opportunity for appearance"; and that a proceeding to revoke or suspend CMKM's securities was premature.
According to the SEC's posthearing brief, all nine of CMKM's affirmative defences were "rightly rejected" by the administrative law judge during a prehearing conference call on April 13.
During the April 13 conference call, Mr. Stoecklein argued that the company had no reporting obligations from July of 2003 when it filed a Form 15 to February of 2005 when it filed an amended Form 15.
According to the SEC, while the court suspected that the original Form 15 may have been "fraudulent," Mr. Stoecklein suggested that it had been filed "in good faith and/or on the advice of counsel."
"At the May 10, 2005, hearing, however, CMKM Diamonds offered no evidence regarding the circumstances surrounding the filing of the Form 15 in July 2003 and offered no evidence supporting an advice-of-counsel defense," the SEC states in its June 2 brief.
"To the contrary, substantial evidence developed at the hearing confirms that at the time CMKM Diamonds filed the Form 15, it knew or should have known that the company had more than 300 shareholders of record and thus that the filing was false," the SEC claims.
The U.S. regulator reports that CMKM authorized the issuance of more than 994 million shares to 360 individuals and entities for "field work in Canada" on Jan. 12, 2003. Therefore, the company knew that it had at least 360 shareholders of record as of January of 2003, the regulator claims.
As of July 22, 2003, the day CMKM filed the original Form 15, the company's master shareholder list showed that it had 698 shareholders of record.
According to the SEC, CMKM's transfer agent could not find any record of the company requesting the number of shareholders of record in July of 2003 "and no one affiliated with the transfer agent could recall such an inquiry from the company." Thus, says the regulator, it appears that CMKM took no steps to confirm or verify the number of shareholders before filing the Form 15.
"Compellingly, during the hearing in this matter, CMKM Diamonds' Chief Executive Officer Urban Casavant asserted his Fifth Amendment privilege and declined to answer all questions regarding these specific points on the grounds that truthful answers might incriminate him," the SEC claims in its June 2 filing.
"Because Mr. Casavant asserted his Fifth Amendment privilege in this civil proceeding, this Court may draw the adverse inference that his answers would have been damaging to him and thus to CMKM Diamonds," the SEC continues.
The U.S. regulator goes on to argue that throughout 2004, "at the same time that the company now claims it thought it did not have to file periodic reports," Mr. Casavant repeatedly assured his investors and business partner that the company was close to being reporting, that reporting efforts were "a little ahead of schedule" and that the company would be fully reporting "very shortly." Similar claims were made in a series of news releases.
"CMKM Diamonds' recent assertions that the company believed it had no reporting obligations are difficult, if not impossible, to square with its statements throughout 2004 that it was working towards compliance and reporting," the SEC states.
According to the SEC, the relevant Steadman factors counsel in favour of revoking the registration of CMKM's stock.
The so-called Steadman factors are the egregiousness of CMKM's actions; the isolated or recurrent nature of the infraction; the degree of scienter involved; the sincerity of CMKM's assurances against future violations; the company's recognition of the wrongful nature of its conduct; and the likelihood of future violations. The SEC argues that each militates in favour of revocation.
The U.S. regulator claims that CMKM's actions were egregious. The company was clearly aware of its reporting requirements early in 2003 because it filed two forms seeking extensions of time to file its periodic reports, the SEC notes.
"Moreover, in the May 2003 Form 12b-25, the company flatly misrepresented that it was current in its reporting when in fact it had not filed its Form 10-K for the preceding year," the SEC states.
"After repeatedly missing periodic reporting deadlines using Form 12b-25, CMKM Diamonds switched to a new strategy to avoid filing periodic reports: terminate its reporting obligations entirely by filing a fraudulent Form 15," the U.S. regulator claims.
According to the SEC, CMKM "began taking its reporting obligations quasi-seriously" only after it was contacted by the enforcement division in December of 2004.
"CMKM Diamonds' failures to file required reports are recurring, indeed, endemic," the SEC argues, turning to a consideration of the second Steadman factor.
Since Mr. Casavant assumed control of the company in November of 2002, CMKM has not filed a single periodic report. The SEC notes that CMKM is delinquent in filing three annual reports and seven quarterly reports.
"Thus, CMKM Diamonds has violated the federal securities laws on at least ten separate occasions," the SEC claims.
According to the SEC, the evidence indicates that CMKM "clearly acted with scienter in filing a fraudulent Form 15 to avoid its reporting obligations."
"Moreover, the company's repeated statements during 2004 about working towards 'compliance' and efforts to become fully reporting indicate that CMKM Diamonds was keenly aware of its failure to file periodic reports," the SEC argues.
Turning to the fourth Steadman factor, the SEC claims that CMKM's assurances against future violations cannot be trusted.
"Ever since assuming control of CMKM Diamonds, Urban Casavant has been making hollow assurances to the investing public and others that the company was working on preparing financial statements and would be filing shortly," the SEC states.
"All of these statements appear to have been empty promises, as the evidence indicates that during 2003 and 2004, CMKM Diamonds took absolutely no steps to compile auditable financial statements or retain independent auditors," the regulator continues.
According to the SEC, CMKM tried to persuade the court that it has turned over a new leaf and is now dedicated to becoming compliant as soon as possible under the guidance of its new director, Robert Maheu.
"These assurances cannot be trusted," the SEC argues. "The Division does not doubt that Mr. Maheu has only good intentions in this matter, yet the evidence clearly indicates that he lacks a sufficient grasp of the situation and adequate control of the company to ensure prompt compliance.
"Mr. Maheu testified that he did not know whether CMKM Diamonds had any offices; did not know the company's liabilities; did not know the company's assets; did not know how many employees the company had or what kind of work they did; had no background in mining; and that he never disagreed with any decision made by Urban Casavant since he came on the Board.
"Moreover, Mr. Maheu testified that he was under the impression that an audit of CMKM Diamonds financial statements had begun, which is, of course, incorrect.
"Likewise, Mr. Maheu only learned during the hearing in this proceeding that CMKM Diamonds still had not provided its accountants with documents requested three months earlier.
"In short, the Division shares the concern expressed by this Court that CMKM Diamonds may simply be using Mr. Maheu and paying him $40,000 per month in order to 'give some color of legitimacy' to CMKM Diamonds." (All amounts are in U.S. dollars.)
Moving on to the fifth Steadman factor, the SEC claims that CMKM's statements call into question whether the company truly recognizes the wrongfulness of its conduct.
According to the SEC, CMKM still seems prone to making inaccurate statements about the status of the company's financial statements. As an example, the U.S. regulator points to a news release issued in February in which the company claimed that it was working toward completing an audit of its financial statements.
"In fact, however, at that time CMKM Diamonds did not even have -- and still does not have -- financial statements to audit; an audit had not even begun, much less was it nearing completion," the SEC states.
In a footnote to its brief, the SEC pointed to another allegedly inaccurate news release in which CMKM claimed that it had new offices at 5375 Procyon Street in Las Vegas as of March 1. According to the SEC, CMKM's lawyers learned on April 6 that the Procyon address contained only a hot rod shop.
"Instead of correcting the error, however, it appears that the company's counsel thought the company should pretend to 'move in' to the empty warehouse and 'talk to Shawn at the hot rod shop,'" the SEC claims. The regulator adds that almost a week later CMKM was still reporting "the phony Procyon Street address."
The SEC also takes issue with CMKM's public claim that the company first identified the problem with the July, 2003, Form 15 and brought it to the attention of the regulator in February of this year. According to the SEC, the enforcement division had contacted the company about the matter two months earlier.
Among other things, the U.S. regulator also notes that CMKM informed its shareholders that its stock would still trade on the Pink Sheets regardless of the outcome of the proceeding. According to the SEC, in the event of a suspension or revocation, CMKM will not be trading anywhere.
"CMKM Diamonds' ongoing misstatements signal that the company either still does not appreciate the magnitude and potential consequences of its misconduct -- or worse -- wishes to misrepresent them to its shareholders and the investing public," the SEC argues.
Turning to the final Steadman factor, the SEC argues that CMKM's reporting violations are highly likely to continue.
"Evidence developed during the hearing in this matter demonstrates that CMKM Diamonds is not even close to becoming fully compliant in its reporting," the SEC states, going on to claim that the company has barely begun reconstructing three years worth of financial statements.
"Moreover, the auditor retained by CMKM Diamonds in January 2005, Bagell Josephs & Company LLC, has recently terminated its engagement with CMKM Diamonds," the June 2 brief reports.
"The engagement partner, Neil Levine, testified that CMKM Diamonds simply 'isn't a company that [he or his] firm wants to continue to represent," the SEC notes. "Mr. Levine also indicated his distress with the fact that he had not received requested documents from CMKM Diamonds and that he found Urban Casavant's assertion of his Fifth Amendment privilege 'problematic.'
"Thus, CMKM Diamonds currently has no independent auditor to audit its non-existent financial statements."
Under the circumstances, the SEC argues, it is extremely likely that CMKM will continue to violate securities laws by failing to file periodic reports.
Rounding out its approximately 20-page posthearing brief, the SEC argues that the public interest is best served by revoking the registration of CMKM's stock.
"Although CMKM Diamonds has not devoted any meaningful effort towards preparing auditable financial statements in the past three years, it has purportedly engaged in numerous multi-million dollar transactions," the SEC states. "For example, the company allegedly received $3-million from U.S. Canadian Minerals Inc. and $10-million from St. George Metals Inc. in exchange for mineral claims in 2004.
"Unfortunately, the company seems to have no idea where that money went and shareholders have no way of finding out.
"Likewise, it appears that CMKM Diamonds may have issued over $24.6-million worth of stock in 2003, but the company's bookkeeper does not know why.
"And, the company may have acquired $56-million in jade, but cannot definitively explain what happened to that purported asset.
"By failing to file required reports, CMKM Diamonds has been able to operate in shadows and in secret, relieved of the obligation to keep its shareholders, regulators and the investing public apprised of its actual activities or lack thereof."
According to the U.S. regulator, the registration of CMKM's common stock should be revoked because the investing public lacks access to complete and reliable information about the company and, therefore, cannot make informed investment decisions.
"Revocation under these circumstances is a measured and appropriate form of relief, not a draconian remedy," the SEC claims. "The Division acknowledges that revoking the registration of CMKM Diamonds' common stock will substantially limit the ability of CMKM Diamonds shareholders to liquidate their investment in the company.
"However, such liquidation (not to mention CMKM Diamonds insiders' liquidation of their holdings) is only at the expense of potential future investors who cannot make informed decisions about investing in CMKM Diamonds."
The SEC brief goes on to suggest that "if at some point in the future CMKM Diamonds obtains audited financial statements and is prepared to make complete and accurate disclosures of its operations in accordance with federal securities laws, it will be entitled to file a Form 10 and seek to register its stock under the Exchange Act, just like any other company seeking Exchange Act registration status for a class of stock."
In a final footnote to the June 2 posthearing brief, the SEC acknowledges that the administrative law judge has the authority to suspend CMKM's registration for up to 12 months rather than revoke it entirely.
"The Division believes, however, revocation (and not merely suspension) is warranted in light of the egregious nature of CMKM Diamonds' past infractions and the high likelihood of future violations," the SEC argues.
Stockwatch will provide coverage of expected posthearing briefs by CMKM and by an attorney representing approximately 7,000 CMKM shareholders as they become available. Stockwatch will also review the transcript from the May 10 hearing in future articles.
Meanwhile, with trades now being executed at less than one-100th of a penny, CMKM tallied a modest volume of 708.5 million shares on June 6.
The saga continues.
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; Sept. 16 and 24; Oct. 1, 15 and 20, 2004; and Feb. 11, 14, 18, 22 and 23; and March 1, 3, 4, 7, 14, 15, 16 and 21, 2005.)
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Reader Comments - Comments are open and unmoderated, although libelous remarks may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
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Thank you for much-needed update!!
Posted by goLEEgo @ 2005-06-06 19:11
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Please post the past SEC violations and 800,000.00 fine paid by the editor of the scum website Hartley Bernstein,
So people can make up thier own minds if stockwatch is a fraud and paid by MMs and Hedge funds to bash stocks for profit or a real web site with no agenda..
Oh and please post about how Stockwatch Canada was fined 150,000.00 for a slanderous article.
FULL DISLOSURE Air your own dirty laundry b-4 you try to soil others.
Some how I doubt those true stories will appear here..
Posted by Hartley Bernstein is SCUM @ 2005-06-06 20:49
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Last poster is OFF TOPIC! The topic is: the SEC has busted CMKX and has previously halted it due to SERIOUS violations of the LAW. Discuss. Stockwatch's agenda is to expose investing SCAMS.
Posted by goLEEgo @ 2005-06-07 04:58
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The CMKX Owners The CMKM Owners Group was started by a CMKM stockholder, John Martin. He hired attorney Mr. Bill Frizzell. Since the Group formation in late March 2005, Mr. Frizzell has been representing a rapidly growing group of CMKM stockholders for the purpose of investigating the possibility that CMKX stock has been naked shorted, and to assist CMKX shareholders in discovering all relevant information regarding their CMKX investment.
Of major importance is securing proof that illegal naked shorting has taken place in CMKX stock. To that end, when joining the CMKX Owners Group, you will be asked to provide information as to how much stock you hold of CMKX.
The cost to join the CMKX Owners Group is a one-time fee of $25.00. The $25.00 supports the legal cost for the Group to be represented by Mr. Frizzell. One may ask, why pay the $25.00, doesn't CMKM have lawyers representing the Company to the SEC? The answer is yes. However, the Company may only do certain things when interfacing with shareholders; Mr. Frizzell may accomplish things the Company cannot; he may also provide information to the Group that the Company is not allowed to provide to its stockholders.
You may join the CMKX Owners Group by clicking on the icon titled Sign-Up (at the top left of this page); fill out the form (note, there are two areas to list the number of shares you own, the first one is for how many shares you hold in stock certificate form, the second one is how many you hold in "street name"...which means how many shares you hold electronically in your brokerage account). Then select payment method of either 'A' or 'B'. Option 'A' allows you to pay using PayPal (credit card, bank account, etc.,), option 'B' allows you to pay by mailing a check and signed contract to Mr. Frizzell's firm. If you select option 'B' you must print out the contract, sign it, and then fax it to Mr. Frizzell's firm (you then send in a signed copy with your check).
After joining, you will receive periodic e-mails from Mr. Frizzell updating all Owners Group members regarding the ongoing situation relative to the SEC. This may be the only source of information the stockholders will receive, in that CMKM is not disclosing information regarding these proceedings.
* Note: Important information to assist you in faxing copies of your most recent stock statement is listed below in the section titled Important Information
The CMKX Shareholder Fax-in Campaign For those who choose not to join the CMKX Owners Group, you may assist in helping to prove that CMKX stock is being naked shorted as follows. Each shareholder send to us the most recent statement from their broker which evidences their present ownership in CMKX stock. Most people have sent in their March (05) or April (05) statements. If you do not receive a monthly statement, we would ask that you print out an online copy of the page showing your holdings and send it to us. Some people are asking their broker for a copy of their statement and they are forwarding the same to us. I am providing with this letter a fax cover sheet which has a space for the vital information. Writing in this information will assist us in the data entry process we have set up in this office. Please attach your statement to the fax when you forward this information to us. You may delete any information in your statement regarding other stocks or other personal information. This information is extremely important to the shareholders and the company. Call our office if there is any way we can assist you in this request. Please fax this information to 903-595-4249. You may want to visit the CMKX Owners Group web site at www.cmkxownersgroup.com to learn of the recent activities in your stock. Call us if we can offer any assistance.
Posted by fishing4diamonds @ 2005-06-07 06:24
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http://www.cmkxownersgroup.com/index2.php
Posted by fishing4diamonds @ 2005-06-07 06:25
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50,000 shareholders of CMKX
O/S is 703 billion shares. 5400 shareholders in the owners group hold 1/2 the total O/S?
No naked short position here right? Come on Lee. Wake up and smell the coffee. How many shares do you think the other 45,000 shareholders have? The SEC and DTC are the crooks here. Not CMKX. Watch wait and see. Your slipshad journalism isn't worth the paper it's written on.
We will prove there is a naked shorting of this stock in the trillions of shares. Then what will you write about?
CMKX owners group to date: Street Shares: 274,332,709,542 Cert Shares: 31,604,069,565 Total Shares: 305,936,779,107 Signed Agreements: 5401
Posted by fishing4diamonds @ 2005-06-07 06:34
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June 7, 2005
To: Lee M. Webb
You are a funny, funny guy.
I just read your October 1, 2004 report on CMKM Diamonds. What a hoot. I laughed so hard, I couldn't catch my breath.
My erstwhile nephew talked me into buying this garbage last spring. I got a whopping 25,000 shares for a measly $220 that's now worth a big $87.50.
As a writer, I can tell you you're wasting your time. You should be writing a novel about this company. It would be a best seller. Your wit is superb.
Incidentally, when I told a friend about your report and read him the section about CMKM's joint ventue partners yielding from a 5-hold drilling program only "two tiny stones with a combined weight of 0.000005 carat," his priceless remark was "they shouldn't have bothered to take that fucking speck out of the ground."
Posted by Philamina Gold @ 2005-06-07 06:59
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Good coverage Lee. This scam can't stand up to BreX, but damn, it's a lot funnier!!
Have you obtained a copy of the transcript yet? It will be slow reading, what with the numerous breaks needed to supress hysterical laughter. DO NOT try and drink coffee while reading it!
Posted by Lefty Malone @ 2005-06-07 07:46
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Lee...left out The CMKX Owners The CMKM Owners Group ? why? http://www.cmkxownersgroup.com/index2.php....why don't ya do a long story on them?
Posted by mij4ever @ 2005-06-07 08:07
So what was said on tradersnation yesterday about UDVE?
Kevin Stunder
Drilling to commence at Scout Lake
Monday February 21, 1:00 pm ET
VANCOUVER, Feb. 21 /PRNewswire-FirstCall/ - Madison Explorations Inc. ("Madison" or the "Company") (MDEX: OTC other) is pleased to report that drilling has commenced at Scout Lake.
Madison has five high priority targets at Scout Lake after an extensive ground program consisting of indicator sampling, ground magnetics, and a Mobile Metal Ions (MMI) survey.
The drill program will take approximately 10 days to execute, results will be announced pending analysis of the drill core.
Madison Explorations, Inc. is a progressive mineral exploration company focusing on the discovery of diamonds. The Company has a portfolio of three highly prospective diamond properties located in one of Canada's newest diamond exploration regions in Southern Saskatchewan.
For further information please contact the Company at 1-888-650-9924 or visit: http://www.madisonexploration.com/
On behalf of Madison Explorations Inc.
Kevin Stunder Joel Haskins
President and Director Chairman and Director
Safe Harbour Statement:
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
Diamonds!
At the end of article:
Testdrillingin theFortlaCorne region, 40 kilometres to the southwest, has produced diamonds for De Beers Canada and CMKM Diamonds Inc. The area has one of the largest kimberlite rock clusters in the world and there is hope if mines are opened, Love will persevere.
DARREN BERNHARDT Saskatoon StarPhoenix
CanWest News Service
LOVE, SASK.
Some people spend their entire lives looking for love. Others are born and raised there.
The village of Love, in northeastern Saskatchewan, is easy enough to find. Quite literally, Love is just around the bend, off a curve of Highway 55, nestled in the land of timber and trout. And this time of year, near Valentine’s Day, is when Love really blooms.
Every year, thousands of romantics around the world send cards and letters through the community’s tiny post office, ensuring mail destined for their sweethearts is stamped with “Love.”
Love letters
The village was the first place in Canada to receive its own sanctioned postmark—a teddy bear holdingaheart surrounded by the village name — which was unveiledonValentine’s Day in1993.
The following year, the mail load through Love in the weeks leading to Valentine’s Day increased by more than 10,000 letters.
“And that doesn’t count all of the others for weddings, birthdays or anniversary cards. I couldn’t believe how it took off,” said Pauline McKinnon, the postmaster in Love for 23 1 /2 years until 2000. Colleen MacDonald, who lives 20 kilometres away, in Choiceland, uses Love’s post office to send valentines to her grandchildren.
“It’s just a unique littlefeature and they all get a kick out of the heart on the envelope. It adds that little touch of Love.” Other locations have custom postmarks,but Loveis theonly placeinNorth America with that name.
Still a long way to Climax
Saskatchewan also boasts the town of Climax but it is far fromLove— you can’t go quickly from one to the other.
TheU.S.has Loveland,Ohio; Valentine, Neb.; Loving,N.M.; Intercourse,Pa.; and RomanceinbothArkansas andWestVirginia. But it also has Squabbletown, Calif.; Fort Lonesome, Fla.; and Lost Chance, Colo.
“I’ve spent my whole life in Love,” said a smirking Valerie Rodgers, administrator for the little village with the big heart, as locals like to proclaim.
Love,at first sight,is aplacidplace with more white-tail deer crossing the main street at times than residents. Settled in the 1930s, the village was named for Tom Love, the first conductor to pass through on the CPR.
The possibilities are endless for word puns — it’s so small, it’s hard to get lost in Love; you can make Love in under three minutes from nearby White Fox. Rodgers has heard them all and never grows tired.
“It always gives us something to talk about and if it brings people here, that’s great,” she said from her one-room village office.
“Usually the first question people ask is, ‘What do people in Love do on Valentine’s Day?’ Well, we’re the same as everybody else. Some go out for supper and some stay home. It’s not that exciting,” Rodgers said.
“There’s no orgies going on, if that’s what they think,” saidcurrent Lovepostmaster Joanne Munro.
When shelanded thepostingfive years ago, coworkers in nearby White Fox ribbed her about going there. They suggested she start up an Internet business to sell Love products. But now if anyone asks how she likes it, “I tell them I love it, thenI realize that sounds likeI’mmaking a joke, but I’m not,” Munro said. “There are a lot of really good people around here.”
If it weren’t for the valentines, the daily mail load in Love would be closer to a few dozen items, said Munro. Mail comes in from across Canada, the U.S., England,Japan,Russia,France,Norway, Scotland, Germany and more.
Return to sender
Many cards are sent back to the country of origin, often to someone in the same city. The circuitous route is for the sake of a stamp. One Australian couple even directed their wedding invitations through town for that reason.
Others exchange “I dos” there, driving hours to a place neither the bride nor groomhave visitedbefore.Loveeven brought together one of history’s most notorious feudingfamilies, theHatfields and McCoys, in a wedding for a Regina couple who claimed their bloodlines traced back to the original Kentucky-West Virginian kinfolk of the 1880s.
McKinnon began keeping track of the locales offoreignerscontactingLove,jotting city names in a journal that soon filled up. It was her husband, Dale, who conceived the idea of recognition from Canada Post. It started some years ago whena trickleofcards andletterscaught his attention. At the time, the post office was located in the McKinnon family store and Dale set out to get a Love postage stamp.
At first Canada Post said it would cost toomuchmoney.“But Icouldjust see the potential,” Dale said.
Undeterred by their initial reluctance, helobbiedfour years until theagency relented with the postmark.
Sadly,Loveis fading.According to 2001 census data, there were 71 residents. At its peak in the 1930s, when logging was king, there were 250 peopleinLove. “There’s not very many of us but we try to work together to keep things going and keep us on the map,” said Rodgers. All that remains are three businesses: amechanic’sgarage,a tavern-restaurant and a craft barn. But there is reason for residents to be optimistic.
Testdrillingin theFortlaCorne region, 40 kilometres to the southwest, has produced diamonds for De Beers Canada and CMKM Diamonds Inc. The area has one of the largest kimberlite rock clusters in the world and there is hope if mines are opened, Love will persevere.
Ouch!
Recent Trades - Last 10
Time Ex Price Change Volume
15:10:26 Q 0.0035 -0.0021 40,000
15:09:46 Q 0.0041 -0.0015 200,000
15:05:26 Q 0.004 -0.0016 10,000
15:05:18 Q 0.004 -0.0016 25,000
15:05:12 Q 0.004 -0.0016 10,000
15:05:10 Q 0.004 -0.0016 10,000
15:05:05 Q 0.004 -0.0016 5,000
15:05:04 Q 0.004 -0.0016 25,000
14:58:24 Q 0.004 -0.0016 100,000
14:58:09 Q 0.0042 -0.0014 70,000
Hunt for diamonds extends to south
Bruce Johnstone
Leader-Post
February 2, 2005
While the hunt for diamonds is well underway in the Fort a la Corne area near Prince Albert, southern Saskatchewan has been barren ground for diamond exploration activity.
A Vancouver-based junior mining company is hoping to change that when it begins drilling for diamonds about 215 km south of Regina later this month.
Madison Explorations Inc., which is traded over the counter, will begin drilling at Scout Lake, near Rockglen, within three weeks. "We have a test drill program starting the week of the 21st (of February),'' said Kevin Stunder, president of Madison. "We have five targets right now.''
Stunder said the area was first explored by diamond mining giant De Beers in the early 1960s, while two junior companies, Better Resources and Pure Gold Resources, did some exploration work in the 1990s, but neither drilled for diamonds.
"To our knowledge, there hasn't been a whole lot of exploration in the area.''
Madison is focusing on a "dike structure'' -- a geological anomaly 13-km long, 500-metres wide and up to 50-metres deep -- that Stunder hopes is a kimberlite pipe -- the remnant of an ancient volcano that sometimes contains diamonds.
"It's our first foray into drilling to find out, do we have it or don't we, as a company,'' Stunder said. The drilling, which will take about a week and cost less than $50,000, should determine whether the Scout Lake site is worth exploring further.
"Our cost is about 10 per cent of exploring up north,'' Stunder said, adding "we can drive a pick up truck off the highway onto the field with a drill mounted on the back.''
Stunder said the Scout Lake site has lots of indicator minerals of diamonds, such as cobalt., but they're of indeterminate origin.
"It's a confusing piece of landscape. We know there are great indicators from the Alberta border to Weyburn and the size of the indicators suggests a local source.''
Once drilling is complete, the company will send the core samples to the Saskatchewan Research Council laboratory in Saskatoon for testing. "Hopefully, within a couple of weeks, we get the results back.''
If the "dike structure'' turns out to be kimberlite, the next step will be to determine whether its diamondiferous, that is, containing diamonds. The best case scenario would be to find a four-carat diamond sitting in the drill core, Stunder said.
"We're looking for a one-carat diamond in a tonne of material, that's commercial grade,'' he added. Failing that, Madison has a dozen other sites worth exploring in southern Saskatchewan, he added.
Lynn Kelley, a research geologist with the Saskatchewan Geological Survey, agreed that Madison is breaking new ground in the search for diamonds in Saskatchewan.
"It's the first drill test for diamonds in southern Saskatchewan,'' said Kelley, who wrote a paper on southern Saskatchewan's potential for diamond exploration last year.
He also agreed the area is confusing, geologically speaking. "It's not clear whether it's a neat geological puzzle or indicative of diamondiferous rock.''
But, like Stunder, Kelley said he looked forward to seeing the results of the drill test. "It's something that will help us solve this geological puzzle. You never know. It's always a bit of gamble.''
The Leader-Post (Regina) 2005
Tuesday, February 08, 2005
Copyright © Las Vegas Review-Journal
JOHN L. SMITH: Company dangles lure of diamonds, but transactions hook SEC
For most people, the prospect of investing in a diamond mining venture in frosty Saskatchewan probably seems as remote as that distant Canadian province.
But that is precisely what CMKM Diamonds has proposed to investors from the company's Warm Springs Road office. (If you're like me, you didn't know Warm Springs Road was an outpost of Canadian diamond mining exploration.) And CMKM appears to have had no shortage of sparkle-eyed speculators willing to back the company, which trades at a fraction of a penny per share on the pink-sheet market.
When you learn that the Forte a la Corne region of Saskatchewan is believed to be one of the largest diamond fields on Earth and that the gigantic DeBeers diamond corporation has been exploring the area, the prospect of a local company being a part of the rush to riches becomes all the more intriguing.
Intriguing, if somewhat hard to believe.
Read the company's side of the story, and you might be convinced it's onto something big. CMKM has issued dozens of optimistic press releases, and its Web site showed not only a complicated schematic of its big plans, but its interest in advertising the corporate logo on a top-fuel dragster.
More recently, the company announced that former Howard Hughes aide Robert Maheu had become a member of its board of directors. A nationally recognized authority on security issues, Maheu has credibility in many circles.
I became interested in CMKM recently, and it appears I'm not alone. The Securities and Exchange Commission is downright fascinated with CMKM and has begun to probe the company's numerous Southern Nevada business transactions.
The SEC has subpoenaed bank records related to CMKM's local transactions, an institutional source confirms. The company maintained nearly 100 accounts at a local branch of Silver State Bank alone. A bank employee who handled CMKM's accounts is no longer employed after suspicious activity involving a continuing circle of cashier's checks was uncovered.
By one informed estimate, CMKM is suspected of moving up to $64 million through its Silver State accounts.
Getting an accurate line on CMKM's activity takes a calculator -- and the ability to suspend one's disbelief.
For instance, one company update noted it had acquired 1.9 million acres of mining claims in Saskatchewan. Another stated that company chief executive Urban Casavant has been selling off some of that acreage to fund his business ventures since 1993. That seems like a lot of acreage, but then Canada is a big place.
Although sources conflict, it's conservatively estimated the company sold at least 352.2 million shares of stock with a value as low as 2/1000ths of a cent and a high of just over a half penny.
But that's a grain of sand in Saskatchewan compared to the news in another company-generated news report that listed up to 40 billion shares. Yet another report lists the company's issuing capability at 500 billion shares.
But, hey, the sky's the limit when you're a big diamond mining outfit, right?
All this talk of diamond mining must be getting me dizzy because I'm confused by the companies and characters associated with CMKM. CMKM is formerly known as Casavant Mining Kimberlite International, which became a publicly traded company after a January 2003 merger with Cybermark International.
CMKM's president is listed as Urban Casavant. Another company associated with CMKM is Casavant International Mining, which lists its chief executive as Ron Casavant. In 2003, CIM's president was listed as Urban Casavant, and Carolyn Casavant is also listed as a corporate officer, so it appears CMKM is a family company.
A family company with up to half a trillion shares of penny stock for sale and an ongoing SEC investigation.
CMKM's press releases sound promising, but that investigation could spell trouble.
Of course, much of the company's problems would surely be remedied if it actually discovered a treasure trove of diamonds in far away Saskatchewan.
At the very least it would help to pay for a good lawyer.
John L. Smith's column appears Tuesday, Wednesday, Friday and Sunday. E-mail him at Smith@reviewjournal.com or call 383-0295.
If goes below that tomorrow, I'll be in for more.
Canadian Storefront vs US - for 'Valentines' -- spell check
A lot of Website updates for Vanentines Day on the Store side.
Filing date is 01/28/05 on each:
CMKM DURANGO TRAILS LLC
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?CorpID=132206
UAJC Durango Trails LLC
(Could UAJC=Urban Armand Joseph Casavant)
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?CorpID=132209
URBAN, LLC MANAGERS
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?CorpID=131549
From another board
CMKM DURANGO TRAILS LLC
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?CorpID=132206
UAJC Durango Trails LLC
(Could UAJC=Urban Armand Joseph Casavant)
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?CorpID=132209
URBAN, LLC MANAGERS
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?CorpID=131549
Loaded up this morning - feel a spike coming.
Well I agree but only care right now to get in and out quick and make a few bucks.
Hundred .. whats your opinion on this sudden flurry of PRs?
Didn't know if this was posted here yet or not.
I still think at this price you can't go wrong.
By Tim Wood
19 Jan 2005 at 04:39 PM EST
NEW YORK (ResourceInvestor.com) -- There is no shortage of scoundrels trawling the resources bull market intent on parting suckers from their money. Whether it’s hyped promotion about billions of this and that, mystical geology or plain fraud, it’s happening all the time. United Development International, or UDI Resources, takes the cake though.
This pink sheet promotion trades under the symbol UDVE and is worth a fraction of a cent; yes to the third and fourth decimal place.
What makes UDI worth a mention was the most amateur batch of press releases we’ve ever seen. The most outrageous was appropriately datelined Las Vegas and declared: “Five Ounces Gold Per Ton Discovered on La Ronge Gold Property.”
Well, that’s pretty impressive. In fact it’s stupendous at better than double Goldcorp’s Red Lake mine grade.
You’d think UDI would have immediately traded up at least a hundredth of a cent on the news. Yet not even the most spurious revenue projections based on this “discovery” could do the trick. However 10.5 million shares did trade today, managing to pull the stock up three hundredths of a cent by the close.
And it’s no one-trick pony: “Initial geology reports from a small drill sampling program lead management to believe this site could generate significant gold and possibly, diamond production over the next three years. Also, early indications from the limited sampling program lead management to believe proven reserve testing will yield results sufficient to justify investment in full-scale commercial mining facilities.”
We called two numbers supplied on UDI’s press releases. The number for UDI president, Robert Doherty, terminates on an answering machine in Kamloops, British Columbia. We did get a return call from someone who would only identify himself as “Merv” at “Global Explorations”. Global is supposed to be a contracted flacking service based in Reston, Virginia, but it has old links to UDI including an opaque Sierre Leone and Congo diamond deal. Doherty never returned calls despite promising to do so via e-mail.
It’s not hard to guess why there might be some reluctance to spin the story for the media. After all, “Merv” and his sidekick, apparently a “Ravi”, who chirped from the background every now and again, were beyond clueless.
Asked for the drill data that supports the claim for a 5opt discovery, he did everything except answer. It is clear that the strategy is to talk big and positive; say anything as long as it has little to do with actual facts. Pressed on the matter, “Merv” said the drill data was confidential, but assured us it was compiled after a drill programme undertaken one and a half years ago.
So why wait a year and a half? “The gold price was only $260,” said “Merv”. That gold price was last seen three-and-a-bit years back which fact put “Merv” off balance, but not for long. He returned to the script even as he agreed that the timeline was all wrong and that nothing was making sense.
“Merv” assured us that this “gold anomaly” was “all over the place”. Asked to be more specific he said a “private consortium” had put “30 holes” into the La Ronge property and arranged for “assays”. “Ravi” tried to be helpful on one particular question, coming up with an “intercept” width of “4.5 feet” for the 5opt discovery. One hole or many? No answer.
Perhaps they drilled through an amalgam filling lost by a bush pilot making a hard landing some time back?
“Merv” adroitly moved back to the sales pitch telling us that the first drill programme “only went to 500 feet. We’re going to 1,000 feet now! There’s gold everywhere!” When asked how exploration was being funded, “Merv” gave up and said Doherty would call. We’re still waiting.
The UDI Web site reveals that the La Ronge “gold properties” are subject to an unspecified earn-in agreement with a company owned by a UDI director, Chris Knudsen. Knudsen is also president of Clearview Consulting which apparently owns the La Ronge “project”. Clearview is an outfit that works “behind the scenes helping arrange financing for different feasible projects.”
Putting sprinkles on doughnuts is certainly feasible, both behind and in front of the scenes.
The La Ronge project information on the company Web site directly conflicts with that in the press release and “Merv’s” spiel. “From 1997 to 2001, 35 holes were drilled, with anomalous gold being intersected in 19 out of a 35 holes, with the best intersection averaging 1.05 ounces per ton over eight feet,” reads the spin for UDI’s “Canadian Initiative”.
So where does the 5opt over 4 feet come from, or the 30 holes, or the 2003 drilling? In the absence of the evidence we have asked for, it can only be someone’s fertile imagination.
Invest at your peril or delight in the clownish theatrics that are bound to get the wrong sort of SEC attention. Indeed, UDI plastered the “market” with two announcements today that hilariously mismatch headline and substance. For additional comic relief please do note this precision mapping of the project as provided by the company.
You realize Madison's President is Kevin Stunder....
Todays news at least matches up with the 2005 plans announced earlier (reposted here), however, it looks like they are at least 2 months behind schedule.
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NSDM announces 2005 exploration program
North Star Diamonds, Inc. has formulated plans for 2005 which will begin in early January.
NSDM now controls 121,808 acres of strategically located diamond claims in the most promising areas for diamond exploration in Canada. These claims were staked using Computer Enhanced Geological Imaging system that enhances the image of potential kimberlite pipes. The identification of kimberlite pipes is a significant step toward a successful exploration program.
NSDM has reached agreement with a very well known Canadian joint venture partner. More details of this agreement will be announced when regulatory approval is received. Walter Stunder, President of NSDM explained that this partnership will add significant resources to an immediate kick-off of the 2005 exploration program without compromising or diluting share holder value. The drilling program can now be executed for 2005.
Phase 3 - Pelican Rapids located 235 miles NW of Winnipeg.
(Big Blue)
Phase 4 - Whitemouth Lake located 50 miles SE of Winnipeg.
Phase 5 - Winnipeg Lake located 36 miles NE of Winnipeg.
Phase 6 - Grunthal located 28 miles SE of Winnipeg.
All phases have very good kimberlite indicator minerals (KIMs) and the geological formations have the classic kimberlitic formations. Additional information is being posted onto our updated website.
To better inform the shareholders NSDM has engaged the services of Rothchild Corporation to redesign the present website and to update it on a regular basis. Mr. Rothchild is also the President of the Vancouver Chapter of the International Webmasters Association.
"We expect a busy season for diamond sales and also a busy exploration program" states Walter Stunder, President and CEO.
Fyi..From another Board ...
PUBLICATION: WINNIPEG FREE PRESS
DATE: 2005.01.06
PAGE: B7
SECTION: City
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Glittering visions of diamonds lure firms to Manitoba's north
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CP Wire Michelle MacAfee On a Friday morning last month, geologist Kevin Keough was filled with heady excitement, hoping his junior mining company had its hand on a property that would catapult his one-employee operation into the big leagues.
But in attempting to stake his claim to the large parcel of land in northern Manitoba that he believes could contain diamonds, silver, lead and zinc, the Ontario geologist was soon faced with an almost unbelievable good-news bad-newsscenario.
Diamond giant De Beers had beaten him to the punch by mere hours, snapping up the rights to a massive 20,000-square-kilometre chunk of land that included much of the area Keough was eyeing.
"That's when all the wheels fell off," Keough said yesterday.
"We realized then we had major competition. But for De Beers to do what they did is also a big stamp of approval for the Manitoba industry." Keough, whose company Nustar Resources of Toronto is partnering with one of De Beers' main rivals, BHP Billiton, still managed to get his hands on 35,000 hectares he believes are resource-rich.
And it seems he didn't have a minute to spare. Word that two of the world's biggest mining companies were suddenly on the hunt for diamonds in northern Manitoba has travelled fast, sparking a run on exploration licences and renewing hopes the industry could rebound from recent closures.
"Here we are a pip-squeak company teamed with the biggest mining company on the planet, surrounded to the horizon by the biggest diamond company in the world," Keough said with a laugh.
A spokesman for the Manitoba government says it issued 167 exploration licences in 2004, up from 60 in 2003.
More than a dozen of those were issued in the last three weeks, once juniors found out about De Beers' claim, said Gary Ostry, manager of minerals policy and business development.
"Diamond exploration is a sophisticated game," Ostry said.
"We have always maintained that area has a very high mineral potential for diamonds and other minerals, so we're not surprised De Beers has taken such a huge land position, but we're certainly excited about it." There is also measured excitement slowly creeping across northern Manitoba, where most of the coffee talk in recent years has been about closures and other negative projections for the region's mines.
"I don't think anybody is ready to go nuts because they think everything is going to take off," said Bruce Krentz, manager of the Norman Regional Development Corp.
"But there are lots of hopes and everyone is happy to see some good news again." There are two diamond mines operating in Canada -- BHP's Ekati mine and the Diavik mine owned by Rio Tinto/Aber Resources, both in the Northwest Territories. Two other mines in the territory are expected to begin production within the next few years.
A spokesman for De Beers could not be reached for comment. This is the company's second close look at northern Manitoba. It pulled out of the province just last year after leading the first diamond-staking rush in northeastern Manitoba in 1999, Ostry said.
With only about one of every 1,000 exploration programs evolving into a commercial mine, both Ostry and Keough are quick to caution there are years of work ahead of any potentialproduction.
Nustar, which is set to merge with Candor Ventures to operate the exploration program for BHP, is scheduled to drill at least six test sites in April.
The outcome will determine whether they focus on diamonds, silver, lead or zinc, and how soon they might try to build a mine, if at all.
The way Keough sees it, while things didn't turn out quite the way he planned, his business future has a little more sparkle now than it did a few months ago.
"This is company-maker property," said Keough. "We could, with some success, make our company either from the base metals or from the diamonds. We don't really care how we do it." -- Canadian Press
Better site but you still can't buy Diamonds online from a address outside of the US. Company address is in Vancouver, exploration is in Manitoba ... doesn't make sense.
I also wish everyone a great holiday and a healthy NSDM new year.
Interesting post from other board.
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Found this one on RB:MAXIMUM PAIN REACHED, AND NOW CMKX DISHES OUT THE PAIN
I want to say something here first, and I want everybody to come back up here and read this again, after they are finished with the entire post. Promise ????
I have never been more confident that we are going to make some money off this stock than today. (read that one more time for me please, and again after your finished with the entire post)
Here's what I think has happened since Roger Glen took the job:
Knight has a huge short on CMKX, and decided one way out was to sell their derivatives division (shorting division) to Citigroup, Citigroup cut a deal with CMKX at the meeting in Saskatch to help them out of a jam with their huge short that Knight created. (I also think the HMFIC of Citigroup is friendly with Debeer's and that's how they got the deal with Knight, but we'll touch on that around a bar stool later) CMKX increased the O/S 300 billion and sold those shares to Citigroup for a fixed price (lets say .0005 for example) in order to help cover some of their short position. Also with the agreement that CMKX gets to buy the 300 billion back for a fixed price (lets say .0002)
Everybody gets home from Saskatch, and here comes EFGI on the .0002, and we watch 100's of billions go through the tape. Matter of fact, we see right around the magic number of 300 billion go through at .0002. EFGI was the MMer used to get the shares back from Citigroup into CMKX's hands. EFGI was contracted on a per share commission (ex. they get each share at .00017 from Citigroup, and sell that to CMKX for .0002, and they keep the vig.) The result of that deal is as follows: Citigroup was helped out, and they owe us a favor, and, AND, CMKX put 90 million in their pocket, did not increase the O/S, because after CMKX bought the 300 billion shares back, he set them on fire. Nobody to be the wiser. (except a few dumb rednecks that sit patiently and watch close enough to see the grass grow)
How are we sounding so far ???????????
Now, something has popped up since Roger took the reins, and the Citigroup deal was done. We have a new little helper on the horizon called SHO. Guess who is in a big jam now? You got it, the DTC. The huge volume that you have been seeing at one is a booking issue with the DTC I think. When asked at the beginning of the month, how many shares I thought would have to pass through to get that cleaned up, I said hundreds of BILLIONS. We are not even close to that yet, and I don't think CMKX stock price is going anywhere until that happens. I know, I know, I want to get paid yesterday already also. But, its not CMKX's fault, or Roger Glens fault, that the DTC is dragging their feet. They looked like they were going to play ball on the 40 Billion share day we saw on the 9th, and the 15 billion share day following. But then the next week comes, and they are really dragging their feet. One of the reasons I suspect the slow down in the volume was it's obvious nature. It doesn't take a genius to look at a one year chart on CMKX and ask the question, "What happened here?" as Mikey points to the huge flashing volume spike of 40 billion shares that day.
What I think happened on last Saturday with the PR about CMKX buying back the 75 billion shares was the first real pressure Roger Glen has put on "The big boys" since he has taken the job. What that PR said, was, hurry the heck up !!!! We are not going to wait much longer. (See movie, 13 Days, when the guy playing McMaron said "this is Kennedy speaking to Kruschieve in a language you morons don't understand" and I know the spelling is wrong on the names) Most investors could also then attribute the DTC passing the shares through the tape at .0001 to something like "CMKX is selling shares", or "CMKX is buying back the shares" etc. All a bunch of bunk, becuase if you read the PR closely, like us stupid rednecks that can spot grass growing, you can see the word RESTRICTED SHARES.
From the PR, the DTC has another group screaming at their heals now also. It's the MMer's. That PR not only told the DTC to hurry up, it also brought in more retail buyers in the last 2 days, and that is making the short worse. So now the DTC has Edwards and Angel, a bunch of market makers, and some grass watching rednecks watching them very closely. Kind of ironic, that if they print a bunch of volume again like the other week, they are going to be even more under the microscope. So do you see how the pressure is finally building for the bad guys? The more they drag their feet, the more boxed in they become, the more they hurry, the more light gets shinned on them, more the short grows....................
I also saw today for the first time since watching the trading in CMKX, a very large amount of washed sales and matched orders. See, what is happening is the MMer's are holding the price here for the DTC. Now listen here, and this is important. If you watch the tape, you will see what I am talking about. Say a buyer comes in for 26 million shares at .0002, right after that, you will see 26 million shares pass the tape at .0001. What the MMer did is sell the 26 million shares short at .0002, and covered it imdiately after at .0001. He did this through his own accounts. That is a washed sale, to keep the price exactly where it is, and not increase the short for the MMer's. I promise, the MMer's can not do this for very many more days, because the Red Flags went way up on that today, HUGE !!!! I think almost 80% of the buy orders today where washed. And everybody in the business knows you can't do that for but just a little while, before Joe Blow public comes a knockin on your door. Another sign of desperation, and pressure.
Getting good now. If they don't get moving tomorrow, I bet Roger is going to put some more pressure on them. I bet another PR like, somethng simple, "oh, by the way, the 75 billion shares CMKX just bought back, we set those on fire, their gone" Now more retail starts buying because the O/S was just officially lowered, time gets shorter, SHO is 7 trading days away, DTC needs to put a couple hundred BILLION shares through at .0001................
The show has finally started, and we are about to get paid for watching for so long.
Now here is a rumor from me, and this is a rumor, only a rumor, you know, heard it from a friend who, heard it from a friend who..........(didn't REO Speedwagon say that?)
The DTC got a jingle from somebody pretty high up today, telling them to 'get r done'. I bet we get some pretty heavy printing at .0001's again.
Final note to watch for.....when you see SBSH or JEFF show back up on the market in CMKX, then the price moves.
Summation of what has to happen before we start happy dance?
More shares go through at .0001 for DTC booking, alot more
More pressure PR's from CMKX if that is going slow
SBSH and JEFF show up on the market
Maybe a filling after they show up
We are off to the races
All of this is just my opinion of what looks to have happened, and to be happening. Don't make things complicated, they're not, they're just being really sneaky in order to keep legitimacy in the US markets, because this situation that the DTC has gotten itself into, and the naked shorting is really pooched up. I don't think the short position has been resolved in CMKX. AND don't get the printing of shares at .0001 mixed up with covering the short, it has nothing to do with the short, it is a booking issue only. The short is alive and well, Just because we helped out one of the big shorts, doesn't mean the short is gone. I also think that big player is long now also.
Alright, you promised you would read that paragraph again for me.
If I knew how to post a jpeg image I would....
NSDM sent me 2 bulk emails today announcing Diamond sales for the holidays. Jpeg image.
DRCAL -- see this? 4 to 6 cents a share?
2004-11-18 09:50 ET - News Release
LAS VEGAS -- (Business Wire) -- Nov. 18, 2004
United Development International (Pink Sheets: UDVE) is
in negotiations with an existing publicly traded gold mining company
for an asset purchase agreement. The identity of this company will be
confirmed at the time of a formal agreement in place.
It is the company's view that we are undervalued in the market
place at the present time. An independent accounting of the value of
the company's assets will occur to ensure that the fairest value will
be on the table for the shareholders of United. Present agreement
price is between 4 and 6 cents per share.
The company strongly believes that once this acquisition has been
signed, within 45-90 days the transaction will be completed. All
transactions of this nature are subject to majority shareholder
approval.
I guess I'll continue to painfully wait until I hear something .... just like NSDM.
DRCAL
Do you still own UDVE? ... and/or heard anything lately regarding them?
Is anyone going to the Convention?