Replies to post #233313 on CMKM Diamonds Inc. (fka CMKX)

[jb1967lbk]

I've only been able to find one of the agreements. In the one I found, the Entourage shares "shall be issued to CMKM or to whoever it may designate as its agent or trustee". There is no language that I've found that compels CMKM Diamonds to distribute the Entourage stock to old CMKM shareholders. There are merely statements of their intent to do so.

Right now, those shares would appear to be an asset of CMKM. As such, West, in his role as CEO, should be able to direct the liquidation of that asset on behalf of the company.

[pantherj]

I thought the shares were given to CMKX in payment and then CMKX announced that they "intended" to distribute them to the share holders as liquidating distribution. "Intentions" are not legally binding. IMO, ETGMF legally belongs to the company. They can do with them as they wish, subject to any legal claim to them established by the courts.