CMKM Diamonds Inc. (fka CMKX)

[Ignutz]

August 30, 2004. (FinancialWire) Friday’s story that said omeone appears to have paid “Prospector Alert” a whopping $50,000 to send out faxed “Investors Alert!! GOLD, GOLD, GOLD” touts for Juina Mining (OTC: GEMM) which resulted in irate phone calls to Jody’s Travel set off a firestorm among the online community as investors began to contact FinancialWire enmasse, some including threats.
Interestingly, however, the messages didn’t come from Juina Mining investors but from CNKM Diamonds (OTC: CMKX) investors, which was mentioned only incidentally. The story noted that “the fax says that controlling interest in Juina has been acquired by US Canadian Minerals (OTCBB: UCAD), which it said ‘has been on a tear since June, going from $1.35 to over $5.’ Earlier in August, CMKM Diamonds, which is a favorite of Stock Patrol (www.stockpatrol.com) for its 500 billion shares, a world record number of shares outstanding, said it intends to distribute 95,502,027 of Juina Mining Corp. to its shareholders on October 1 as a dividend.
CMKM Diamonds is a “favorite” of StockPatrol (www.stockpatrol.com), an Investrend Information (www.investrendinformation.com) Investor Resource Center partner.
The story had noted that the 800 number given on the fax to “be removed immediately from the database” was missing a digit, leaving Jody Donnelly at Jodys Travel to field hundreds of calls from people wanting to be off the fax list, which she pointed out is “at my expense,” not to mention the time and aggravation involved.
The fax broadcast said that the company, which trades at $0.028, has a one month target price of $0.50. The company traded at $0.20 in mid-2002 and spiked at $0.16 in late March, 2004.
It didn’t say who the “analyst” is or the location of the report, who paid the $50,000, or the qualifications of the “analyst.”
It concluded, “Donnelly just wants her phone number off the faxes and out of the mix.”
One reader told FinancialWire, “you are breaking the law.”
Another reader identifying himself as Trey Beathard with an email address at UReach.com, told FinancialWire that the story “referenced a woman named Jody Donnelly of ‘Jody's Travel’. The problem is that she does not seem to exist. I, and several CMKX shareholders, need you to either verify the truthfulness of this PR (sic), or issue a retraction immediately. Let's clear up this mystery please, because we won't let this PR (sic) stand without further verification.”
When Beathard was asked wht he meant by not letting this “PR” stand, or if his purported company was in anyway connected to the fax distribution, he did not respond.
Among the newest irate recipients of the fax was Pat Bernhardt of the Divine Peace Lutheran Church in Milwaukee, who asked FinancialWire: “We received a fax regarding Prospector Alert, on stock of GEMM.PK with a bogus number to be removed from the fax list. Do we call the FCC? Who is sending this out?”
Meanwhile, the only ones apparently not hearing of the article were the fax distributors themselves.
Donnelly contacted FinancialWire again to note that the offending fax was apparently sent out again, and now she is receiving a horde of new calls.
Donnelly has not said if she intends to sue, or if she’s notified authorities. The biggest problem with that, of course, is that no one seems to know where the faxes are coming from.
Similarly, no one seems to know where the “CMKX shareholders” are coming from, but there appears to be billions and billions and billions of them. It seems there are at least 100 shares outstanding for every person on earth.
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