CMKM Diamonds Inc. (fka CMKX)

[jon_e_og]

another interesting theory;

a couple days back I was reading a post from RB I think, and it was a theory about DeBeers & JEFF... at first I thought it really wasn't plausible but now thinking about it and what has been happening recently It seems to me that it may in fact be quite viable.

The first assumption is that JEFF is working on behalf of DeBeers

Remember, months ago, when this was in the basement JEFF was a net buyer of this stock and seemed to have picked up a large number of shares @.0001 or below. Why would JEFF be buying all this stock?

1) It was not for playing the spread or in an effort to 'make a market' becaue he was a net buyer, therefore he wanted shares for some purpose.

2) He was not buying for his personal account IMO... because what reason would he have for owning a large chunk of a stock that's being cellar boxed and naked shorted into obvlivion...when JEFF was buying not many others were and this company didn't seem to have much going for it.

3) Therefore, he must have been buying for someone, just like he is selling for someone now.

What if, Debeers wanted CMKX diamonds

1) We are the largest claim holder in the region
2) Our claims are directly surrounding the debeers property: Debeers has the red border, shore the blue, cmkx the white



3) We have numberous magnetic, and recently discovered non magnetic anomalies that are very promising
4) Debeers realizes this is one of the biggest Kimberlite formations in the world
5) Debeers is currently trying to limit aggregate diamond supply throughout the world so as to control prices
6) There iss a strong relationship among all the JVs up there with one goal in mind - take Debeers market share
7) There are CMKX anomalies right along the border of Debeers property that have alot of promise
8) Urban was rumored to have stole these claims right under DeBeers nose

So what if Debeers wanted CMKX diamonds and knew they had issued no more than 100 billion shares(the A/S at the time) and it was trading @ .0001

50,001,000,000 * .0001 = $5,000,100 to basically buyout CMKX and all their claims...

Now Urban starts to see whats going on and starts to think - "IF Debeers wants our claims there must be something big in the ground up their that they're worried about." So he decides to fend off the hostile T/O by raising the A/S to 500 billion and issues 251,000,000,000 in treasury stock/restricted stock/insider options. At the same time Urban realizes he needs some big guns to handle situations like these. So he hires Glenn who specializes in securities law and corporate mergers/acquisitons.

It's around this time that Debeers realizes they don't have a shot at a hostile so they need to "dump" their shares. They realize the stock will run and have no problem making a huge profit on their investment, even if they can't have the 1.4 million acres in claims. So they call up JEFF and tell him to DUMP at whatever price. This would explain a couple things:

1) The urgency JEFF has to sell his shares at ANY PRICE and not the best price, which if it was an insider or a pump/dumper selling would try for the highest price.

2) The fact that JEFF is trying to hurt us with this selling. I'm sure if DeBeers was in fact selling they'd try and make it as painful as possible for one of their 'competitors.'

3) The fact that JEFF began selling alot of shares after the Glenn announcement and continues to do so

4) The size of the order that JEFF is filling: It seems to be atleast 50 billion so far, a number similar to what DeBeers would have tried to acquire during a hostile

5) The statement Melvin made saying that the company is not diluting and is still buying back shares as far as he knows.


All IMO of course, but interesting none the less...