CMKM Diamonds Inc. (fka CMKX)

[4profit1]

"Hey John Winston O Clueless..."

Post by John Winston Lennon O'Boogie on about an hour ago
Some say they sold 1.6 Trillion shares into the market.. 800 Billion shares short.. Now if that is true than someone had to pay on each share in order for the Company to call our shares worthless and close the doors. TOL has our accounts but we hold our shares.. Remember UC has been telling the market about NSS way back in 2002 before it became CMKX.. You really think the SEC wasn't watching..?

And then, there are the facts.

Explanation is very simple..from Stockwatch and the SEC OIP valid transcript.


Bagley SEC OIP Hearing.

"Hakala

Moving forward, Ms. Hakala referred Ms. Bagley to CMKM's master shareholders list for Dec. 31, 2004.

"How many shares were outstanding as of December 31st, 2004?" Ms. Hakala asked.

Ms. Bagley replied that there were 778,518,875,000 shares outstanding as of that date.

"If any auditors contacted you to ask how many outstanding shares there were as of December 31st, 2004, what would you say?" Ms. Hakala asked.

"I would tell them there are 778 billion," Ms. Bagley said.

"And change," suggested Ms. Hakala.

"And change," Ms. Bagley agreed.

Ms. Bagley went on to testify that there were 2,033 shareholders of record as of Dec. 31, 2004.

"And issued shares?" Ms. Hakala asked.

"It looks like two trillion and change," Ms. Bagley said.

"Does that mean that there are two trillion and change shares floating around out there?" Ms. Hakala asked.


"No," said Ms. Bagley. "That is the same thing as what's been issued and cancelled. It's constant."

"And the number of surrendered shares?" the lawyer queried.

"A billion four and change," Ms. Bagley began. "Or, excuse me, a trillion four and change."

"So if I took that trillion four and change, subtracted it from the 2.2 trillion and change, I'd end up with the number of outstanding shares?" asked Ms. Hakala.

"Correct," said Ms. Bagley.

"And do you have any reason to doubt the accuracy of these numbers?" Ms. Hakala asked.

"None whatsoever," Ms. Bagley replied.


Stoecklein

Do you have any idea where that actual certificate ends up when it goes to Cede & Company?" asked Mr. Stoecklein.

"No, I don't," said Ms. Bagley.

"You don't keep a copy; correct?" CMKM's lawyer asked.

"No," Ms. Bagley answered.

"Are you familiar with the Depository Trust Company, DTC?" Mr. Stoecklein asked.

"Yes," said Ms. Bagley.

"Do you have an understanding that those shares may actually end up with the DTC?" Mr. Stoecklein queried.

"Yes," the transfer agent said.

Do you have an understanding that those shares may actually end up with the DTC?" Mr. Stoecklein queried.

"Yes," the transfer agent said.

"Are you familiar with what's called the share borrower program?" Mr. Stoecklein asked, drawing an objection from Ms. Hakala.

"What is the relevance of the share program?" Judge Murray asked CMKM's lawyer.

"Well, Your Honor, the whole issue just now was on what's issued and what's outstanding," Mr. Stoecklein said. "I'm trying to get to this issue of outstanding. They brought it up again."

"Wait a minute," Judge Murray said. "This has a bearing on what's outstanding?"

"It sure does, Your Honor," Mr. Stoecklein replied.

"Okay," the judge said. "I'll overrule the objection and allow the question if the witness knows."

"And I'm going to be very brief about it, Your Honor," Mr. Stoecklein said.

"Well, I don't -- I think you might be disappointed," Judge Murray said, turning to Ms. Bagley. "Does the witness know the answer to the question?"

"No, I don't," Ms. Bagley replied. "It's the first time I've heard it."

That marked the end of Mr. Stoecklein's cross-examination."


Helen counted the shares twice, once coming in and once going out and Transfer Online Manager, Jon, told me personally, that is not the way shares should be accounted. TOL does not count them like Helen did. There were only forever, the same 703+ plus Billion shares issued and outstanding and 100 Billion in CMKM Treasury. Never 1.4 Trillion, or 1.6 trillion.