When the SEC revoked CMKM Diamonds, there was no point in entertaining the complaints of the bagholders who bought into this scam. From a financial perspective, they were already dead. The purpose behind the revocation was to prevent CMKM Diamonds' management and promoters from adding to their victim list.
"The penny stock investor may be the most dangerous creature in the investment world, at least to himself.[...]His hypocrisy becomes most apparent when he then blames his losses on the greed of others." Robert C. Dugan, Director - JRM Capital