CMKM Diamonds Inc. (fka CMKX)

[MIJ13]

To All CMKM Shareholders:

I just got off the phone from speaking to two of our attorneys regarding the outcome of the scheduled hearing yesterday. As it turns out, the judge did not meet with the two teams of attorneys “in chambers” as had been expected. Judge Scann decided to forego the “in chambers” hearing, and took the new pleadings under advisement with no opportunity for further discussion.

In short, what this means is that we wait a few more days for the judge to weigh the merits of the case. She will issue a decision within a few days, but there is no specific deadline for her ruling to come down.

Our legal team remains cautiously optimistic about getting a favorable ruling which would allow the case to move forward. However, as previously reported – if we go forward it is like starting from square one, with new discovery requests, more hearings, more scheduling orders, and more delays.

I understand that everyone has been waiting for news, and I am reporting this to you as rapidly as possible. I did not sleep one minute last night myself. Frankly, I expected to get some answers yesterday, but heard nothing until I finally tracked down our local counsel in Las Vegas by phone around 11 AM CST.

So, we continue to endure and wait for the outcome. I will report anything I hear as soon as possible. I will probably schedule a PalTalk webinar when the judge’s decision is handed down in order to explain our situation to Shareholders, and to take your questions.

Happy Valentine’s Day, and God bless.

Steve Kirkpatrick

cmkmdiamondsinc.com/

Read more: http://tfant53.proboards.com/thread/9268/steve-feb-14-2014-update#ixzz2tKkS6zCb