CMKM Diamonds Inc. (fka CMKX)

[Lee Webb]

CMKX CANNOT trade in Sask. until they register with the Sask Financial Services Commission.

Arete:

I am not sure how familiar you are with Canadian securities regulations or the patchwork of regulators here, but I am wondering whether you are perhaps confusing "registering" securities as that is understood in the U.S. (specifically by means of a registration statement) with the notion of being "registered" as it is understood in Canada and particularly with respect to this statement in the Saskatchewan enforcement order:

The Respondents traded in the securities of CMKI and CMKM when they were not registered pursuant to section 27 of the Act;

The term "registered" in that statement refers to the respondents, not the securities (CMKX shares). To put it simply, that basically means that the Urban Casavant, David DeSormeau and Melvin O'Neil were not registered as brokers in Saskatchewan.

If you lived in Saskatchewan, you could still buy and sell CMKX shares in the market.