CMKM Diamonds Inc. (fka CMKX)

[janice shell]

Jim posted this on another board:

Also, if all conditions of the exemptions are not met, purchasers may be able to obtain refunds of their purchase price.

Mightn't that have some application to the CMKXers? At least to those who aren't expecting a huge check from the Federal Reserve?

Here's the whole text:

You must remember, however, that all securities transactions, even exempt transactions, are subject to the antifraud provisions of the federal securities laws. This means that you and your company will be responsible for false or misleading statements, whether oral or written. The government enforces the federal securities laws through criminal, civil and administrative proceedings. Some enforcement proceedings are brought through private law suits. Also, if all conditions of the exemptions are not met, purchasers may be able to obtain refunds of their purchase price. In addition, offerings that are exempt from provisions of the federal securities laws may still be subject to the notice and filing obligations of various state laws. Make sure you check with the appropriate state securities administrator before proceeding with your offering.

http://www.sec.gov/about/whatwedo.shtml#laws