CMKM Diamonds Inc. (fka CMKX)

[janice shell]

Not really.

But since CMKX is still trading , one would assume that there are no real problems.

In most of the cases I've followed it's taken them years to get around to bringing a public action.

Here's an example: I first became interested in AZNT in August 1998. As I soon learned, at least two other people had been sending complaints about the company to the SEC for months. I and others followed up on that. In February 2000, the company brought its "basher suit" against me and others. The suit was dismissed in August of the same year.

What we didn't know at the time was that the SEC had opened a formal investigation sometime before September 1999, which was when Mad Mikey Sylver gave his first deposition. His second depo was conducted in June 2000. He'd been served formal notice that he and the company were under investigation. Yes, he should have included that information in his SEC filings, but, ah, he'd decided to stop filing.

The SEC didn't actually get round to filing an action against him and the company until February 2001. Should they have told us what they were up to? Should they have intervened to stop the frivolous "basher suit"? I think so, but that's not how they work.

So don't even begin to imagine you know what they're up to. The only times I've seen them move quickly were when serious public health issues were involved.