To become a CMKX Basher...
You must ignore all of the below and sprinkle fairy dust all around like its all good and how its ok to pretend its all happy time la la la la la la
Then bash some more and deny all facts la la la
sprinkle weeeeeeeeeeeee
• Besides the 622 Billion “Unregistered” Shares that the SEC states company insiders inappropriately issued, information discovered by various CMKX Shareholders suggests the stock may have been oversubscribed by as much as 9 times that amount…. While other evidence suggests that at least 2.4 Trillion shares of company stock were illegally naked shorted by hedge funds, market makers, and brokerage firms.
o We want to know why the SEC has failed to address this concern with Shareholders, ever?
• The National Association Of Securities Dealers (NASD), now known as The Financial Industry Regulatory Industry (FINRA), did not bring proceedings against a well-known brokerage firm, Jefferies and Co, even after they sent a letter, on May 6, 2005, to both the NASD (FINRA) and the SEC admitting they had traded 111 billion shares of CMKX outside the system, or "ex-clearing".
o We want to know under what SEC Regulations this activity could be found legal and justified.
o We want to know if the SEC and/ or FINRA even investigated this issue.
• There is direct evidence that the SEC knew about, and was investigating, the illegal Pump and Dump of unregistered shares by company insiders as early as 2003; yet, the SEC did not bring a case forward until last year… and even then, they do not account for 363 Billion of the 662 billion unregistered/restricted company shares they claimed were inappropriately issued by company insiders from January 2003 and May 2005.
o We want to know what became of the original investigations.
o We want to know why it took the SEC until April 7, 2008 to file a formal complaint.
o We want to know why the Courts have still not ruled on this matter.
o We want to know why the SEC has not initiated further action against Urban Casavant when, by all appearances, he has snubbed the court and failed to appear before the court?
• No criminal proceedings, indictments, or prosecutions have resulted from the SEC’s investigations against all insiders involved; even though the new CMKM Diamonds’ Management Team cites more than 200,000 pages of documentation resulted from those investigations. The new management team also claims they can show that more than 50,000 CMKX Investors lost at least $250 million from the fraudulent activities perpetrated by the Company’s founder, Urban Casavant, and other insiders, such as John Edwards.
o How could the SEC justify that level of investment in a case, and then not bring complete criminal proceedings… including the missing 363 Billion Unregistered shares that are not accounted for in the SEC’s Complaint?
o Why has the SEC not allowed any of the Depositions to be released to CMKX Shareholders?
o Why does the SEC Complaint only cite $53 Million in Shareholder losses from one Defendant (John Edwards), but fails to address the remaining losses presumably caused by the other defendants?
• Long term investors bought into CMKX due to the mineral claims that Urban Casavant has secured the rights to. CMKM Diamonds was and is a US Based company. Most of those claims are now mysterious held in control of another company, Shore Gold… a Canadian Company… and no one can provide shareholders with a rational explanation of how that could have happened. One SEC filing has relevant information, presented by the company’s geologist, blanked out in their public release. In the meantime, it’s clear that this once so-called “Moose Pasture” does have commercially viable diamond and other mineral deposits.
o Why is the SEC, and other law enforcement agencies, failing to disclose information on the apparent value of those claims, and the validity of those claims?
o Why hasn’t the SEC, and other government agencies, stepped forward to protect US Investor’s financial interests in these valuable claims?
• In late October of 2005, Urban Casavant, while Robert Maheu was still involved as Chairman of the Board, initiated a deal with Entourage Mining Ltd that exchanged various claims then held by CMKM Diamonds, in the Hatchet Lake and the Smeaton / Fort a la Carne area within the Province of Saskatchewan. The latter claims included 194,582 Hectares of land (~480,822 acres, or ~ 751.285 square miles). In addition, CMKM Diamonds’ agreement with Entourage requires the Entourage shares are to be distributed to CMKX Shareholders. Kevin West, then CEO of CMKM Diamonds, announces an Interplead action is to be initiated to ask the courts to decide who the lawful owners of the CMKX/ Entourage Securities are. Later, Entourage initiates a law suit against CMKM Diamonds to undo the agreement since the Entourage shares were never transferred to CMKX Shareholders.
o What is the current status of the Lawsuit between CMKM Diamonds and Entourage Mining Ltd. regarding the ownership of the claims that were transferred to Entourage?
o Why did the courts not enforce the terms of the agreement to have the Entourage shares distributed to CMKX Shareholders?
o Who now legally owns the rights to the claims referenced within the original Entourage/ CMKM Diamonds agreements?
• Citigroup and Smith Barney sponsored a CMKX company racing car during the “Got CMKX” marketing campaign, which was put in place to further pump up the share price and purchases.
o We want to know what role [and financial interests] those two companies had in the CMKM Diamonds.
• In addition, Knight Trading Group, now owned by CitiGroup, traded an average of about 3.36 billion CMKM shares a day, representing more than 40% of Knight's average daily share volume for the month of February 2004… and that level of trading by Knight continued over a three month period.
o We want to know how Knight Trading Group supported that level of trading, and where and how did they get that many shares to trade?
• Former SEC Enforcement Attorney, Roger Glenn, allegedly wrote bogus opinion letters for the company founder, Urban Casavant, and company insiders, such as John Edwards.
o We want to know why the SEC has not brought civil charges against Mr. Glenn for that activity.
• The same former SEC Enforcement Attorney, Roger Glenn, raised the company’s Authorized Shares (AS) from 500 billion shares to 800 billion shares.
o What possible scenario could have justified that amount of shares to be traded on the market?
o Again, we want to know why the SEC has not brought civil charges against Mr. Glenn for writing those Opinion Letters.
• CMKX Management, under the leadership of Mr. Robert Maheu, and with assistance from Attorneys Bill Frizzell and Donald Stoecklein, conducted the largest shareholder certificate pull in the history of Wall Street. The Cert Pull was undertaken to try to uncover where all the shares, then trading on the market, were originating from.
o We want to know why the SEC clearly worked to put a stop to that effort, before the cert pull could be completed.
o We want to know why the SEC forced the company to delist instead;
• The SEC Enforcement Department failed to account for 362 billion unregistered/restricted shares in civil complaint involving company founder and company insiders.
o We want to know why the SEC’s complaint only addresses 259 Billion shares issued and sold by John Edwards.
o We want to know why the SEC filed a complaint against NEVWEST, but not against many other broker/ dealers who helped clear the other 363 Billion Shares.
o We want to know why the SEC has not filed a single complaint against any of the 70+ brokers and market makers who made a market in CMKX Securities, and/ or made commissions from facilitating the sales of CMKX Securities.
• Current company management posts unprofessional CEO Updates and FAQs on its website rather than through professional Press Releases.
o We want to know why the SEC allows the new management team to post “Official” company information and their law suits, etc. on the company’s web site without “Safe Harbor” Statements, and not in formal Press Releases.
• SEC FOIA Department unjustly denies FOIA Requests submitted by company shareholders.
o We want to know why the SEC will not release any of the more than 100 Depositions they have taken related to this case to CMKX Shareholders.
o If the case is still considered “under investigation”, we want to know when the information and facts will be released to the public and shareholders under FOIA?
o We wonder why the SEC is allowed to hide so much information under FOIA… especially when the hiding of such information only makes it seem more likely that certain individuals at the SEC are protecting the interests of Wall Street more than the interests of investors.
• There is no evidence that the SEC has ever referred the company founder and company insiders to the DOJ or FBI to initiate criminal proceedings.
o With investor losses of ~$250 million, or more – assuming Naked Short Selling is also part of this – we want to know why criminal investigations and indictments haven’t come down?
• We understand the IRS/ Treasury Department has initiated a Grand Jury Investigation, out of Las Vegas, into CMKM Diamonds.
o We’d like to know the scope of the investigation that is being conducted by that Grand Jury
• We have heard reports that a similar Grand Jury investigation was held back in 2005.
o We would like to know the scope and the outcome of that Grand Jury investigation.
• There are reports that Robert Maheu initiated the CMKX Task Force that resulted in the Cert Pull, in order to force the many broker / dealers, market makers and hedge funds to the table, and compensate Shareholders for the fraud that these companies had participated in. Further, we understand funds were collected and put into a Trust for distribution to the Shareholders.
o We want to know why those funds have not been distributed.
