CMKM Diamonds Inc. (fka CMKX)

[mcladr]

Letter to my senator:
Feel free to modify this to make it personal to your reps and pass it on



ATTN: NAKED SHORT SELLING (COUNTERFEIT SHARES), VIA OFF SHORE AND ON SHORE HEDGE FUNDS THROUGH THE DTCC AND THEIR EFFECT ON SOCIAL SECURITY REFORM:

Senator Rick Santorum,
As you are on both the Banking Committee and chair of the Social Security Committee I would like to bring to your attention an issue in the financial world that has been an ongoing issue for traders and could be a serious issue with your work in reforming Social Security. The issue is commonly known to investors as naked shorting or counterfeiting shares. The practice of naked shorting or NSS is an epidemic in the stock market, especially on the OTCBB and Pinksheet markets. NSS is not to be confused with legal shorting, which are backed by real shares at brokerages, whereas NSS are not. These naked shorters are allegedly linked to terrorist money laundering through offshore hedge funds taking advantage of these counterfeiting activities. With Social Security reform on the horizon and the possibility of privatization, it is important that you understand the corruption in the financial markets. How many voters and citizens are going to want their money put into an extremely corrupt market? These links will touch on some basics of what is going on: http://www.americaneedstoknow.com/ http://www.investigatethesec.com/ The Securities and Exchange Commission, or SEC has recently put into effect Regulation SHO, http://www.sec.gov/spotlight/keyregshoissues.htm . Many believe this regulation has done nothing to help the issue of failures in the market. Senator Robert Bennett is one such believer. He speaks to this at 1:19:30 of this video: http://banking.senate.gov/index.cfm?Fuseaction=Hearings.Detail&HearingID=140 and admonishes SEC Chairman William Donaldson for the failure of the SEC to stop these illegal activities and the follow-through of this regulation. Many companies and investors have fallen victim to these practices over the years. I would hate to see Social Security follow the same path. With the current manipulation in the market, what is one to think could happen if the naked short sellers suddenly have a whole new pool to drain? I understand the need for reform and support it for me and my children, but the counterfeiting practices must be stopped before any such reform can happen. Please take a look at http://www.eagletech1.com/homeindex.html from a company that is currently trying to fight these practices and what they are trying to accomplish.
Currently I'm invested in a company called CMKM Diamonds (CMKX on the pinksheets.) The current share price is $.0001 on tickers, but in reality trades under even that, but can only be publicly quoted to the 4th decimal. While I understand at first glance at this company things do not look so good because they have an authorized share count of 800 billion and a current outstanding share count just over 700 billion. The company is also under current investigation with the SEC. Some of the problems they are having are self-inflicted. But not all of the apparent problems are. Currently there has been a hearing with the SEC enforcement division and CMKM Diamonds. A group of shareholders has asked for 3rd party representation at this hearing and in the future. The group is represented by William Frizzell and their current website with shares represented can be found here: http://www.cmkxownersgroup.com/index2.php . Currently there are approximately 300 billion shares from 5,224 individuals represented by Mr. Frizzell. It is purported that there are shareholders in the tens of thousands for this particular stock and as you can see just over 5,000 represent about 42% of the outstanding share structure with tens of thousands of shareholders not yet included. There are many who believe share counterfeiting in this company numbers in the trillions of shares. Please read this letter from the Frizzell Law Firm to the SEC for particulars on information they are requesting as well as some more specifics on the number of shareholders: http://www.cmkxownersgroup.com/FOILetter.pdf .
I realize I am giving you only a few companies to look at, but I also understand your time constraints. There are many many companies as well as their shareholders, the voting public, that are being victimized by these practices. With today’s technology it has become increasingly easier for everyone and anyone to trade stocks in the market and many people start with only hundreds of dollars of their hard earned money. When one is starting out in trading often times they'll focus on microcap stocks because of their low share price and volatility. Many times these people lose some or all of their money due to illegal practices and many of the companies they invest in are forced into bankruptcy because they are given an unfair field of play.
If you have any questions or would like more information feel free to contact me at any time.

Matthew Lacey