CMKM Diamonds, Inc. will also receive 40 billion shares of CIM stock which CMKM Diamonds, Inc. will distribute pro rata as a dividend to all CMKM shareholders of record on August 31, 2004.
Re: if the dividend ratio is correct it seems to me that the only way they would have to cover the shartes is if Urbie and Co. actually naked shorted their own stock. It sounds ridiculous, but what about this whole mess doesn't?
Please do some research on 1. Short Sales 2. Naked Short Sales 3. Corporate Share Structure
Study in depth these 3 areas and get back with me. I will be more than happy to help you understand.