One Step Ahead

[Lownumba]

It appears that that Frizzell doesn't plan on sharing everything (anything?) with you right now. The fifth column has infiltrated!

http://cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&num=1114479403

4/25/05

Greetings Group,

I would like to report on my meetings in Las Vegas last week. I met with Don Stoecklein and others in his office. Don is representing CMKM Diamonds, Inc. in the SEC proceeding. I had the pleasure of meeting Urban Casavant, Carolyn Casavant, Ron Casavant, Mike Williams, and Ed Dhonau. Anthony Demint, with Mr. Stoecklein’s office, was present during most of the meetings. There were other individuals present at different times during the day. Mr. Maheu was out of town and unavailable.

Don Stoecklein is spending long hours preparing for the hearing and guiding the work being done to have the proper financials filed. We have reviewed over 1200 pages of documents which were contained in the SEC’s administrative file. Witness lists and exhibit lists have been exchanged. We mutually agreed upon the terms of a confidentiality agreement. There is certain information which could only be disclosed to me with this confidentiality agreement in place. This was discussed prior to my visit to Las Vegas and was not unexpected. I must be privy to certain information to be able to be an effective advocate for our shareholders.

The company is (and has been) concerned about possible naked shorting of company stock. A plan for assessing the naked short position has been discussed. I cannot go into detail about the plan at this point. I can confirm that actions are contemplated which will identify the naked short position which may exist. We will be continuing this investigation as we prepare for the 12(j) hearing. I share any frustration you may have in my inability to disclose to you more specifically our plan at this point. I am trusting that as investors and business people you can understand why I might not be able to lay out in detail how we plan to document any abuses that may have occurred in this stock. I am convinced there are certain people dedicated to seeing this company fail. Some are members of your boards and pose as friends. They have even joined this group and call and email with innocent questions to see our progress. It would not be helpful to you as shareholders to disclose certain things to these people through this forum.

Questions about the float will be answered as we gather information in this investigation.

I have received requests for reserved seating at the hearing and I simply do not have any control over the seating problem.

We again ask for patience if you get this information from some source other than your chosen email. We have switched to a dedicated server that will allow us to handle a virtual unlimited number of emails.

The numbers of our group were discussed on several occasions during our meetings. There was discussion concerning some other companies that are currently battling the naked short issue. It was pointed out to me that we had one thing the other companies do not have-an educated and organized shareholder group. Of course I knew that but I was proud for you folks when I heard others make that comment. Our recent verified numbers are 1,948 shareholders owning 152 billion shares. I look forward to a visit with you on Wednesday or Thursday.

Bill Frizzell

P.S. Many of you will enjoy viewing the witness/exhibit lists which
have been posted on the group’s website.