CMKM Diamonds Inc. (fka CMKX)

[jb1967lbk]

Frankly, Forrest, I doubt there is a naked short position in CMKM Diamonds. I looked into trying to establish one in early 2005, but found that there was simply no one with deep pockets willing to hold a stake in CMKM Diamonds.

Because of the additional compliance expenses and the other steps we have to take to create legal naked short positions, they are only cost effective when done for larger transactions... typically in excess of $100k. We won't waste time, effort, or money going naked short stock against some dickhead with $3000 on the table.

One look at Frizzell's bogus cert pull simply reinforces my belief that CMKM Diamonds never attracted anything other than a bunch of dimwits who threw a thousand or two into this scam. But it's not the existence of a hypothetical naked short position that interests me so much. What interests me is the number of scammers out there who lead people to believe that there could be some sort of a forced settlement against "market makers" (there never was a registered CMKM Diamonds market maker), brokers, or any other parties out there who might have been naked short CMKM Diamonds.

No such settlement would ever be offered, because if you WERE lucky enough to have naked shorted CMKM Diamonds, you made the correct decision. You win. You walk away with the money. And, no, you don't have to cover if the security you've naked shorted ends up worthless, as CMKM Diamonds clearly is.