CMKM Diamonds Inc (fka CMKX)

[stockhound101]

TSX if that were the case USCA would most likely not resume trading at all.

Your Comments:
"I suspect it's those releases that say they've paid so many millions of dollars for a 5% share of CMKX's properties (or whatever). My suspicion is that the SEC's interest was tweaked by an essentially bankrupt company all of a sudden having millions of dollars to throw around.

IMHO no money actually changes hands, and the SEC frowns on this."


My Reply:
If the broad claims by the companies involved have no merit then this will be over before the end of the month. That still remains to be seen and I believe this will either be the end or beginning for CMKX and it's partners this month. I'm holding as I believe most will also.

I had expected a PR this weekend as I thought the meetings with the SEC would have taken place this week. Since they are not taking place until next week I'm moving my PR forcast to next weekend or before. I think by then if things are not above board with these companies it won't matter most likely anyway.

If USCA resumes trading I will take that as good news and that things aren't as blown out of proportion by the companies as some of you project it to be. The SEC will need very little to verify cash transfers between companies and also the value of company assets.