CMKM Diamonds Inc. (fka CMKX)

[Brad S]

By: stervc
05 Mar 2004, 06:58 AM EST
Rating: Msg. 322 of 348504

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More Important CMKM Thoughts

If what had been discovered about the authorized shares (AS) going to 500 billion had led to the discovering that the outstanding shares (OS) were now 500 billion, then I must admit that my humility would have been challenged too.

I think that many might have made rash decisions and illogical deductions. All I recommend is that you really research the reasons that had enlightened you to CMKM. If everything is still intact, then stay the course. The move revealed yesterday does not damage the share structure.

Since they increased the AS to 500 billion from 200 billion these are some thoughts that I have derived

They retired since 9 Jan 04 a total of 60,740,742,854 shares. They have continued to reduce the OS (not the AS) as they have been retiring even more shares from 9 Jan 04 up to the present. If I had to guess it would be in the area of an additional 100+ billion shares bought and/or retrieved from insiders to be retired. It could be concluded that as a worse case scenario, the OS could have been 200 billion from what was revealed yesterday. With subtracting the 200 billion from the known amount of shares already retired and the anticipated shares retired to date, we could deduce that the OS should be far less than 100 billion.

The increase in the AS from 200 billion to 500 billion leads me to think that another important piece to consider is that maybe more shares had been retired than we all here could imagine to secure the position of the individual investor who is fronting the $1.8 million in funds for CMKM to use now. This would give CMKM the capital needed to press forward with their business objectives and have the opportunity to make sure the individual investor fronting up the $1.8 million was very well secured for his support.

Think about it. How else would CMKM secure the individual investor s $1.8 million vested interest?

I m sure that the individual investor that s fronting the $1.8 million will be given preferred shares. This would mean that the supporting party is investing $1.8 million into CMKM for them to use now. In return they would be given a large portion of preferred shares to be held in the treasury or restricted.

Those 500 billion shares were also issued at .001 cent par value which is the value used to give those with preferred shares if all fails within the company to ensure that they would get their money first before common shareholders if the company fails and collapses. Again, the par value is .001 cent and not .0001 cent. This too is a comfort.

Again, do not get discouraged. Hang tough. As I had stated before, anything that happens for now on is going to be far fetched so consider all rational thoughts. Converting our theories into facts will be very much out of our control.

I have many more thoughts/opinions that I wish I could share with everyone. Unfortunately, time is of the essence for me. I will try to return later to see what transpires for today. I still remain confident that Urban Casavant, CMKM, and their affiliates will bring prosperity for many CMKM shareholders.


Sterling