I have been watching since 2003 - have never read a single statement by any CMKX believer that was correct in regard to this thing not being a worthless pump and dump revoked scam
one of my Favorite write ups!
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BILLION SHARE POPULATION GROWTH
As we have noted here, and in our earlier article on CMKM, investors have been trading billions of shares of the Company's stock each day, so many shares in fact that the reporting systems are unable to record the total number.
Considering that massive volume we could not help but wonder just how many shares CMKM is authorized to issue. That information is not easy to obtain since CMKM has elected not to file regular reports with the SEC. It is, however, available from the Office of the Nevada Secretary of State.
When we contacted the Nevada Secretary of State's Office to find that number we were initially greeted with a chuckle from a representative who then explained that her office had been swamped with requests for information about CMKM. When we then asked how one might obtain copies of all amendments to the CMKM Certificate of Incorporation, we were told that, at a price of 20 cents per page, it could be costly since there had been multiple amendments and the material was "voluminous." We also were advised that it could take days to receive the material because of the numerous pending requests.
Fortunately, the Nevada Secretary of State's Office was kind enough to send the information we were requesting, quickly and free of charge. What we learned was startling. As of March 1, 2004, CMKM was authorized to issue 500 billion shares! To place that in some perspective, it means there is enough CMKM stock to give every one on earth (approximately 6.4 billion people according to the U.S. Census Bureau) about 78 shares of CMKM common stock.
Imagine that, everyone in China could share a piece of those two diamond fragments.
In February 2003, shortly before the Company ceased filing public reports, it indicated that it had recently decided to increase its authorized stock from 500 million to 10 billion shares - a healthy bump. In fact, the records we have now reviewed indicate that the Company had increased its authorized shares to 100 billion shares by December 2003.
It was just getting started. As we have now learned, the Company increased its authorized shares from 200 billion to 500 billion on March 1, 2004. That, however, was only the latest in a series of amendments increasing the Company's authorized capital on the way to 500 billion shares.
How many of these shares have been issued? That remains a mystery, but as a rule companies do not tend to dramatically increase their authorized capital unless they have issued all, or nearly all, of the available stock.
At this rate, the prospect of a trillion shares does not seem that far away.
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