CMKM Diamonds Inc (fka CMKX)

[jmrsage]

Islandtime - This CPA you are quoting is missing a big piece of the picture here. At 12/31/03, 99% of UCAD's value was based on a claims interest from a previous stock swap. If your expert here actually read through UCAD's filings, he or she would see that very little cash has ever been invested in UCAD. In addition, most of their expenses have been consulting and professional fees - which have been paid off by issuing paper - most of it at $3 or less per share.

Now we have a motherlode of stock swapping, money shuffling, and paper shuffling with very little substance to show for it.

Perhaps it is this scenario that is raising eyebrows at the SEC.