Here are the facts:
Tomorrow is the magic date! Nice !
a). Now we wait "INFORMATION FOR CMKM DIAMONDS INVESTORS
CIVIL ACTION AGAINST CMKM DIAMONDS, INC. URBAN CASAVANT, et al.
RECENT DEVELOPMENTS On June 23, 2009, the federal district court in the District of Nevada granted the SEC’s motion for summary judgment against defendants John Edwards, Daryl Anderson, and Kathleen and Anthony Tomasso.
The court ordered:
Edwards to pay $28,583,288.98 in disgorgement and prejudgment interest and a civil penalty of $26,400,000;
Anderson to pay $2,490,211.04 in disgorgement and prejudgment interest and a civil penalty of $2,300,000; and
The Tomassos to pay $702,131.22 in disgorgement and prejudgment interest and a civil penalty of $648,500.
The court ordered the defendants to pay these amounts to the Clerk of the Court for the District of Nevada within ten business days. Any amounts paid to the Clerk will be deposited into an interest-bearing account with the Court Registry Investment System.
b). 622 billion shares were purportedly unrestricted stock issued by former company insiders in an "unregistered distribution" (Item 4), as cited by the SEC in Case 2:08-cv-00437, part of the 703 billion issued and outstanding shares
Hence to summarize:
Thats about $33Million of money which may be returned tomorrow.
703-622billion = 81billion of registered shares
over 50,000 shareholders
Some simple math and we have.
$33,000,000/81Billion shares = 0.0004/share which is rather a realistic value
This would in turn return our basic investment.
Then if they add a little more to compensate our stress I think most CMKX investors would be ok.
Feel free to demonstrate your point of view and calculations.
