Channeling Stocks

[sludgehound]

StockPatrol hard on for CMKX

9:08 am Now the fun begins.

7/23/04 - 500B Shares But Who Will Distribute Them, Asks StockPatrol.com

Jul 23, 2004 (financialwire.net via COMTEX) -- (FinancialWire) Buyers and sellers of CMKM Diamonds, Inc. (OTC: CMKX) stock may be beginning to wonder who will be delivering their shares, according to Stock Patrol (http://www.stockpatrol.com), which partners with Investrend Information's (http://www.investrendinformation.com) Investor Resource Center.

StockPatrol had already identified the company as the all-time champion in terms of authorized shares, and said it may be on the road to becoming the first trillion share company.

StockPatrol.com stated:

At 9:56 pm on June 29, 2004, CMKM announced that it had engaged a new transfer agent, Pacific Stock Transfer Company of Las Vegas, Nevada.

At the time, the Company said that it was "looking forward to working with [Pacific Stock Transfer and] confident that Pacific Stock Transfer will process transactions in the Company's stock accurately and quickly.

On July 2, 2004, StockPatrol.com contacted Pacific Stock Transfer seeking to learn just how many of CMKM's 500 billion authorized shares had been issued. We were told to call back on July 6th, when the appropriate party would be available. When we called again on July 6th we were advised instead that Pacific Stock Transfer had ceased to act as CMKM's transfer agent as of 2:15pm on July 1st.

CMKM's relationship with Pacific Stock Transfer had lasted less than two days.

On July 8, 2004, CMKM issued a press release announcing simply that 1st Global Stock Transfer had been re-engaged as the Company's transfer agent. We contacted 1st Global to inquire about the number of outstanding shares, but were advised that only the Company can provide that information.

Will the relationship with 1st Global last this time around? The Company's principals may be hedging their bets?

On July 1, 2004, the same day the Pacific Stock Transfer association was dissolved, the "Desert Stock Transfer Company" was formed in the State of Nevada. The President, Secretary and Treasurer of Desert Stock Transfer? Urban Casavant, the President of CMKM, StockPatrol.com concluded.

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