CMKM Diamonds Inc (fka CMKX)

[janice shell]

Not likely:

If the broad claims by the companies involved have no merit then this will be over before the end of the month.

It takes much longer than that because the SEC has rules they have to follow. They can't just order a company to stop business. The only way they can make it stop trading is to revoke its registration, and again, there are rules governing that. In the last year of so they've been more aggressive with revocations, but it's still rare.

If the SEC doesn't like the information Glenn give them, the next step will be to file a lawsuit against USCA and possibly some of the other companies. When the SEC sues, what it really wants is for the defendants to settle. If they don't, the suit can drag on for years.