CMKM Diamonds Inc. (fka CMKX)

[jon_e_og]

My take on the O/S
*using the filings we have and a ton of assumptions

As of January 15, 2003 O/S was 7,241,653,404(see filing)

2.8 billion shrs to Urban(see filing)

"In order to finance the merger with the Casavant Mining Claims, the majority shareholders' approved the Company's financing plan which to date totals $2,000,000 USD."

2 mil/ .0014 = 1.5 billion more shares(not sure about this)

1,060,000,000 shares to consultants...

TOTAL FROM FILINGS - approx 12,600,000,000(problematic, seems as if still only authorized for 10 bil...)

August 03 - 2 for 1 split - 25.2 billion

August 03 - 3 million dollar expl with Durama / 2(assumed they paid for half) = 1.5 mil / .0001 = 15 billion shrs

"In 2003, expenditures of $2,762,064 Cnd ($1,807,469 USD) will be required to retain the claims"

= about 18 billion shrs

Need cash for operations - Annual expences( i.e. aerial surveys, diamond testing, prs, filings, administrative costs, transport of rigs, wages etc etc etc)
- maybe another 3 million or so?(again a BIG geuss)

= 30 billion shares

TOTAL before retirements = about 90 billion

- 20 billion

- 16.5 billion

Total after retirements = about 53 billion

Jan/04 - CMKM announces purchase of drill rig, accessories, and extra equipment for drilling. Company Signs One Year Contract With Experienced Drill Foreman to Oversee Drill Operation. Program - Commits to Drilling Numerous Holes in Search Of Kimberlite Pipes in the Forte a la Corne Area and Green Lake Area
- maybe a million for rig and eqipment?
- maybe .5 mill for expert and team?
1.5 million expenditure / .0001 = 15 billion shrs

Feb/04 - CMKM announces the company has obtained funding for US $1.8 million with a further pledge for US 3.2 million.
- jus the 1.8 so far
- financing was IMO collateralized by issueing equity
1.8 million / .0001 = 18 billion shares

June/04 - CMKM Diamonds, Inc. Announces It Has Retained D. Roger Glenn, Partner at Edwards & Angell, LLP as Securities Counsel
- retainer maybe 2 billion shares(2 bil x .0002 = 400k + anticipated pps appreciation from upcoming news)?(Another BIG geuss)


GRAND TOTAL - about 88 billion

So - I'm going to say we are prob around 100 billion outstanding
This is all assumption(except for whats in the filings) but offers a ballpark figure. If you believe Urban raised more than 3 mil for administrative expenses(my geustimate from above) than the O/S should consequently be higher...but not by much

if he were going to raise any more cash by issueing more stock(which I personally feel he did) he would have done it within the last 2 weeks knowing the pps would run on the lawyer/diamond news.

so @ .001 he could have raised another $10 million dollars by only printing another 10 billion shares leaving the O/S still under 100 billion(by my calculations)

Please respond with any feedback or revisions to my numbers/calculations/assumptions...

link to the SEC filings - http://sec.gov/cgi-bin/browse-edgar?company=casavant&CIK=&filenum=&State=&SIC=&o...