CMKM Diamonds Inc. (fka CMKX)

[BadBassPlayer]

glittergirl, to make this simple and hope I am interpreting it correctly SHO is: A new law taking effect regaurding shorting. A MM may not trade a stock (which it has shorted) till it covers the shorted shares. The MM has three days to cover the shorted shares. If they don't cover they cannot trade that stock untill they cover.
In CMKX case we are hoping the SHO ruling will cause the MM to cover and ignite a short covering.
Jan. 3rd is the upcoming date for SHO to take effect. A company must be fully reporting to qualify under SHO. So we are confident CMKX will file prior to that date.

The high volume taking place is (43 billion on Thursday) likely the results of the MM's preparing for SHO.

http://www.sec.gov/rules/proposed/s71804/jjangel051404.pdf

I hope this helps you.
BBP!