One Step Ahead

[Ignutz]

Missed this Webb article last Friday ...

CMKM Diamonds mired in outstanding muddle

2004-10-01 21:13 ET - Street Wire

See Street Wire (U-CMKX) CMKM Diamonds Inc

by Lee M. Webb

CMKM Diamonds Inc., a highly touted pink sheet diamond exploration play featuring a funny car dragster as a promotional vehicle, is mired in an apparent muddle over its share structure. Published ratios for two CMKM dividend-in-specie schemes peg the outstanding total at approximately 780 billion shares, but a third dividend-in-specie ratio seems to set the total at an even more staggering 1.56 trillion shares.

Many CMKM shareholders, particularly members of the cult-like following that congregates on an Internet chat site called PalTalk, dismiss any suggestion that the company has anywhere near 780 billion shares outstanding, let alone an outstanding total of more than 1.56 trillion shares.

[snip]

http://new.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=U-s0119702-U:UCAD-20041001&symbol=...