One Step Ahead

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WillyWizard.com: Pink Sheet: CMKM Diamonds Inc. Resumed Trading & Profiled At WillyWizard.com
3/18/2005 11:02:54 AM
Mar 18, 2005 (M2 PRESSWIRE via COMTEX) -- After a 10 day suspension by the SEC CMKM Diamonds resumed trading Thursday with a bang up volume of 8,368,848,699 shares exchanging hands. Buyers outweighed sellers all day but the share price remained unchanged. For many months market makers have kept CMKX locked at .0001 by .0002 even with multi billion shares trading daily. There seems like no escape for investors looking for a share price increase.

Now CMKM Diamonds faces another challenge by the S.E.C. Initiating formal "Administrative Proceeding Against CMKX", March 16th, 2005 a day before CMKM Diamonds was to start trading after a previous10 day suspension. The SEC is not going to back off CMKM Diamonds for failing to file periodic reports since 2002. "A hearing will be scheduled before an administrative law judge to determine whether the allegations of the Division of Enforcement contained in the Order Instituting Administrative Proceeding are true, to provide CMKM Diamonds an opportunity to dispute the allegations, and to determine whether it is necessary and appropriate for the protection of investors to suspend or revoke the registration of CMKM Diamonds' securities." Administrative Proceeding File No.

3-11858 Ref: http://www.sec.gov/litigation/admin/34-51383.pdf

Many shareholders are appalled that the SEC has waited until the company is finally attempting to bring back a fully reporting status. The SEC states they are trying to protect shareholders but many shareholders dont see it that way. CMKM Diamonds reported, via IR for USCA last summer, they had 41,000 plus shareholders and numbers are rumored to be upwards of 60,000 plus at this time. To threaten to revoke the registration of a company that is attempting to bring order back to their filings, many shareholders believe is not protection but a threat to investors investment.

Recently Iron Man Robert Maheu has taken a co-chairman board of directors position. Maheu has been known to make decisions as a man of steel going forward with determination and resolve. Urban Casavant stated in a previous press release, " "In the company's agenda for 2005, it has become paramount to bring in individuals and companies that can make significant contributions to the company. As the company begins to accomplish short-term goals, we decided to bring in an individual who can manifest an atmosphere for success. Mr. Maheu is that man," stated Casavant, chairman of CMKM Diamonds Inc. In the same press release it is stated "Casavant and Maheu will together be looking into the company and setting forth exactly what CMKM Diamonds needs to do in order to be successful in its current endeavors. The two look to bring in a president to the company that has successful history in geology and mining of natural resources."

Does CMKM Diamonds look like a company that needs their shareholders protected? Shareholders are an organized group of believers partaking in many message boards and live chat rooms from Yahoo to Paltalk. These rooms contain as small as 15 shareholders to as large as 600 plus shareholders. These shareholders are united and believe in their chairman Urban Casavants dream. They share the dream trusting their Chairman to make the right decisions entrusting millions of dollars to his dream.

Shareholders have a message for Urban Casavant and Iron Man Robert Maheu, "We stand behind you with trust and that our investment dollars are safe. You both have our allegiance of trust. We wait patiently for your next move to accomplish building a successful company."