CMKM Diamonds Inc (fka CMKX)

[Pedro2004]

'catman'


Janice and I had a conversation on the R/S issue.
It would be best if you read what we discussed.

This is where the posting starts.
You can follow by reading the replies to each post.

http://www.investorshub.com/boards/read_msg.asp?message_id=3755579



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Posted by: Pedro2004
In reply to: janice shell who wrote msg# 72633 Date:8/7/2004 4:17:38 PM
Post #of 84366

janice shell

Question:

Why do you think there will be a R/S?



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Posted by: janice shell
In reply to: Pedro2004 who wrote msg# 72636 Date: 8/7/2004 4:26:52 PM
Post #

Because there's too much stock outstanding. The figure is ridiculous. It seems that some people like to be able to say they own tens or hundreds of millions of shares, but that kind of thing doesn't appeal to serious investors.

When will brokerages have to start using double-wide paper to print CMKX shareholders' account statements?

Another reason: if, as many suggest, any mergers are planned, then one side will have to accommodate the other. I'd say it's more likely that CMKX would reverse than that its suitor company would do a gigantic forward split.

But you never know: CIM has an a/s of 25 million shares. Soon they'll be issuing 40 BILLION shares. Before that happens, the authorized will have to be raised to at least 100 billion. What is the POINT of this?



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Posted by: Pedro2004
In reply to: janice shell who wrote msg# 72639 Date: 8/7/2004 4:31:24 PM
Post #

janice shell

Re: What is the POINT of this?

I wanted to hear your opinion as to why you believed there would be an R/S.

What about Nevada Minerals?
How do you think Nevada Minerals would react to a R/S?



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Posted by: janice shell
In reply to: Pedro2004 who wrote msg# 72643 Date: 8/7/2004 4:34:03 PM
Post #

I told you at some length why I believe there'll be a reverse split.

What about Nevada Minerals?
How do you think Nevada Minerals would react to a R/S?

Far as I can tell, Nevada Minerals isn't a "real" company, so I doubt they'd care one way or the other.



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Posted by: Pedro2004
In reply to: janice shell who wrote msg# 72644 Date: 8/7/2004 4:44:10 PM
Post #

Janice Shell


Re: Nevada Minerals and R/S

You seem to be very educated in corporate affairs.

When Nevada Minerals sold the mineral interest to CMKM,
CMKM paid for the mineral interest with 75 billion shares of CMKM.

Although I have no link to the CMKM – Nevada Minerals purchasing contract, I now call upon your knowledge of corporate affairs.


Would you believe that perhaps the CMKM – Nevada Minerals purchasing contract has a clause and/or stipulation that CMKM would not do an R/S?

Think about this.
Nevada Minerals is giving up over 50% of there assets to CMKM.
If CMKM has an R/S, this means the shares held by Nevada would drastically decrease.

In a sense, Nevada Minerals would be giving away its assets for relatively nothing should an R/S occur!

Don’t you think that Nevada Minerals Board of Directors would have foreseen this?
That any R/S would ruin the financial position of Nevada Minerals?

So Nevada Minerals Board of Directors inserts a stipulation and/or clause in the purchasing contract that would declare the contract “null and void” should CMKM do an R/S!



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Posted by: Pedro2004
In reply to: janice shell who wrote msg# 72644

Date:8/7/2004 4:50:54 PM
Post # of 84369



Janice Shell

Re: Far as I can tell, Nevada Minerals isn't a "real" company, so I doubt they'd care one way or the other.


Here is the link to the Nevada Secretary of State: Nevada Minerals

http://sos.state.nv.us/corp_nme.asp?corpnum=X2003315290

So this means that Nevada Materials is a "real" company.


I find this link very informative - This also shows what Nevada Minerals ventures

http://www.cmkx.net/empire.php



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Posted by: janice shell
In reply to: Pedro2004 who wrote msg# 72648 Date: 8/7/2004 4:49:09 PM
Post #

Would you believe that perhaps the CMKM – Nevada Minerals purchasing contract has a clause and/or stipulation that CMKM would not do an R/S?

No.

Nevada Minerals is giving up over 50% of there assets to CMKM.
If CMKM has an R/S, this means the shares held by Nevada would drastically decrease.

Certainly. But theoretically, their value would remain constant.

In any case, Nevada Minerals appears to be a paper company owned by John "Ed" Dhonau. In my view, its role is only to facilitate the shuffling of paper and money among the UCAD-CMKX group.

Edit: While I don't think there's any prohibition on doing a reverse split in the agreement between Nevada Minerals and CMKX, it occurs to me that there's a possibility that there might be an anti-dilution clause... Now wouldn't THAT be interesting...



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Posted by: Pedro2004
In reply to: janice shell who wrote msg# 72651 Date: 8/7/2004 5:01:32 PM
Post #

Janice Shell

Re: While I don't think there's any prohibition on doing a reverse split in the agreement between Nevada Minerals and CMKX, it occurs to me that there's a possibility that there might be an anti-dilution clause... Now wouldn't THAT be interesting...

So I take it you don’t believe the Nevada Minerals Board of Directors would not protect the interests of Nevada Minerals.

But what about the Minority Shareholders of Nevada Minerals?

If there was no clause for protection of the Nevada Minerals Assets,
And CMKM does an R/S,
Which in return makes the 75 billion shares worthless,

Don’t you think the minority shareholders of Nevada Minerals would have a lawsuit against Nevada Board of Directors?

But then again, are not the shareholders of Nevada Minerals, including the Board, interested in making a profit?

What would happen with your so called dilution theory?

After CMKM does the R/S, reducing the shares held by Nevada Minerals,
Then CMKM dilutes the shares again,
Then CMKM does another R/S.

Don’t you think that the 75 billion shares would be worth “nothing?”

So CMKM gets 500 thousand acres of mineral rights for free?

And you don’t believe that there is a stipulation and/or clause in the purchasing contract that protects Nevada Minerals from a CMKM R/S?



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Posted by: Pedro2004
In reply to: janice shell who wrote msg# 72655

Date:8/7/2004 5:05:38 PM
Post # of 84369

Janice Shell

Re: Does Nevada Minerals have any operations? Don't think so. Does it have any employees? Don't think so. Does it have any revenues or earnings? Don't think so?


Was this fact or just your opinion?

If this is fact, can you provide a link to your DD?

Or if this is your opinion, then that's OK. Everyone has a right to their own opinion.


It would be hard to find out if your statements are true.

Do you think it's possible to get the State of Nevada Corporate Income Tax Returns on Nevada Minerals?

Maybe that could prove what you wrote?



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Posted by: janice shell
In reply to: Pedro2004 who wrote msg# 72662 Date: 8/7/2004 5:06:03 PM
Post #

What board of directors? What minority shareholders? Sheesh, Nevada Minerals is entirely controled by Dhonau. (Who, let's not forget, also owns and controls IB2000, the promotional company that most recently touted UCAD in return for 50,000 freetrading shares.)

And you don’t believe that there is a stipulation and/or clause in the purchasing contract that protects Nevada Minerals from a CMKM R/S?

As I said, there could well be an anti-dilution clause. We're not likely to find out anytime soon, as Nevada Minerals is private, and CMKX isn't reporting.



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Posted by: Pedro2004
In reply to: janice shell who wrote msg# 72657

Date:8/7/2004 5:13:17 PM
Post # of 84369

Janice

Re: I have no doubt that Urbie effectively controls CIM. So basically he's shuffling money and paper from one hand to the other.


But how could "Urbie" transfer mineral rights.

CIM and Nevada Minerals are corporations.

Your aware of corporate law, so no need to get technical.

CIM and Nevada Minerals are considered an individual entity!

How can "Urbie" make this into his own "shuffling" board?


What about the share holders who voted for the sales of the assets to Urbie?

Would not there be a chareholder meeting and 51% of the shareholders voted "Yes."

What would the shareholders give away the 500 thousand acres in mineral rights?



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Posted by: Pedro2004
In reply to: janice shell who wrote msg# 72665 Date: 8/7/2004 5:17:01 PM
Post #

Janice Shell

Re: What board of directors? What minority shareholders? Sheesh, Nevada Minerals is entirely controled by Dhonau.

Are you saying that Dhonau owns 100% of Nevada Minerals?

If not, who else owns shares?



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Posted by: janice shell
In reply to: Pedro2004 who wrote msg# 72673 Date: 8/7/2004 5:22:22 PM
Post #

I'll say it's likely that Dhonau owns 100% of Nevada Minerals. But unless he wants to tell us more, we don't know.

Maybe his wife, if he has one, owns some shares. Maybe NCH's Mysterious Client does too...



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Posted by: Pedro2004
In reply to: janice shell who wrote msg# 72674

Date:8/7/2004 5:24:03 PM
Post # of 84369

Janice Shell

Re: What board of directors? What minority shareholders? Sheesh, Nevada Minerals is entirely controlled by Dhonau.

You said that Dhonau owns Nevada Minerals.

I asked if Dhonau owned 100% of the shares.


I just wanted to know where you found that information?

If you don't know, it's OK.
I don't know either!


But I don't believe he owns 100% of Nevada Minerals.



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Posted by: Pedro2004
In reply to: janice shell who wrote msg# 72680 Date: 8/7/2004 5:30:34 PM
Post #

Janice Shell

Re: I'll say it's likely that Dhonau owns 100% of Nevada Minerals. But unless he wants to tell us more, we don't know.


Sounds like Dhonau is a smart man!

Also looks like Dhonau has put up a lot of money into Nedada Minerals. Purchasing the minerals rights, etc.

It is very hard to believe that Dhonau would not protect his investment.

For Dhanau to release 500 thousand acres of mineral rights to CMKM, Dhanua would surely have a clause that would protect his investment.
And should CMKM do anything to risk Dhanau investment, Dhanau would surely have the right to take the 500 thousand acres back to Nevada Minerals control.


Thus you have a stipluation that CMKM would not have an R/S.

An R/S would threaten Dhanau's investment!

So CMKM would not have a R/S.


Makes sense to me.

However you are entiltled to your own opinion.



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Posted by: Pedro2004
In reply to: janice shell who wrote msg# 72685

Date:8/7/2004 5:34:09 PM
Post # of 84369

Janice Shell

Re: Why not? And if he doesn't, who do you believe are the other shareholders?


What I wrote was this

If you don't know, it's OK.
I don't know either!


But I don't believe he owns 100% of Nevada Minerals.


You forgot to copy that above part on that post.

To answer your question - I don’t know!

Maybe some of the people you posted earlier - and members of the Board of Directors.



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Posted by: janice shell
In reply to: Pedro2004 who wrote msg# 72691 Date: 8/7/2004 5:38:41 PM
Post #

Mineral rights aren't all that expensive. But I see no reason why one couldn't subsequently sell them for much more than one paid for them.

Don't forget, while diamonds may be forever, mineral claims aren't. You have to work them to keep them, or they go up on the block once again.

My guess is that Dhonau's a facilitator and perhaps a financer here. Oh yes, and also a promoter. If you check out the other companies he's been involved in, it's clear that he's not a mining professional.

Sounds like Dhonau is a smart man!

Not smart enough to stay out of stock-related legal trouble in Ohio.



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Posted by: Pedro2004
In reply to: None

Date:8/7/2004 5:51:25 PM
Post # of 84369

Janice - I enjoyed chatting - but

When you said there was going to be an R/S,
this was just purely speculation and your opinion.
So it is safe to assume you do not own any CMKM shares.

This is what I feel about our talking together today.
That's cool!
We both are entitled to our own opinion.


I still feel there is a stipulation in the purchasing contract.
But only time will tell.


On or before August 10th we should have our answer.


Again, enjoyed chatting with you!