CMKM Diamonds Inc. (fka CMKX)

[Jim Bishop]

Whoa, where did you get this idea? Although you do realize that even by mistakenly saying until they pay their fines, you are admitting they did wrong, right?


"sask won't trade CMKX till they pay their fines"

Here's reality as far as Saskabush I do believe, although I should note that the poster hasn't addressed the bit that concerns the SFSC " as well as news
releases they have issued about their operations."


http://www.investorshub.com/boards/read_msg.asp?message_id=4752080


Posted by: rbitulsa
In reply to: None Date:12/7/2004 12:24:55 AM
Post #of 24110

SFSC Order against CMKM, et al.


Below is my completed review of the Sask. issue.

Here is what the order states has occured:

(1) The parties mentioned in the order were involved in the trading of company stock in Saskatchewan
(2) They did so without being registered with the SFSC
(3) They did so without receiving a receipt (of registration) from the SFSC
(4) They did so without having ever received exemption from registering
(5) It is misleading to trade securities in Saskatchewan without being registered to do so

Here is what the SFSC orders:

(1) The company must cease trading in Saskatchewan until it registers

Here are the registration requirements:

(1) A completed Form 3, Registration Application
(2) A registration fee of $300 - $700
(3) A surety bond of $10,000 - $35,000
(4) A prospectus, including financial statements
(5) The affirmations and signatures of all directors
(6) The affirmation and signature of an auditor

Upon the company's receipt of proper registration (from the SFSC), here's what happens:

(1) The Order to cease trading is lifted



References:
http://www.sfsc.gov.sk.ca/ssc/files/enforcementorders%202004/casavantminingkimberlite(temporder)oct2....
http://www.qp.gov.sk.ca/documents/English/Statutes/Statutes/S42-2.pdf
http://www.sfsc.gov.sk.ca/ssc/files/registration/initialreg-sec-issue.pdf
http://www.sfsc.gov.sk.ca/ssc/files/registration/mineralleasebroker.pdf