Replies to post #242429 on CMKM Diamonds Inc. (fka CMKX)

[dia duit]

OMG! Now THIS is a Perverse Split......

and Pearl Scam promised it would NEVER happen. Major Ouch!!!

November 16, 2007 - 10:01 AM EST

Pearl Asian Mining Industries, Inc. Implements Reverse Split of Common and Preferred Shares with Record Date of Nov. 19, 2007

Reduces Authorized Common Shares to 20 Million and Authorized Preferred Shares to 80 Thousand

Brokers, note CUSIPs and new symbols

3rd Quarter Unaudited Financial Report Available at www.pearlasianmining.com

Pearl Asian Mining Industries, Inc., Stock Symbols: USA (OTC Common Shares: PAIM)(OTC Preferred Shares: PAIIP); Germany (Xeta: R1z.De) And (Frankfurt: R1z.F) today announced that by a special corporate action, resolved, acknowledged, and approved by the Board of Directors and the 57% of its majority shareholders, the following actions are being undertaken in consistent with the company’s capital restructuring, effective Monday, November 19, 2007 (Record Date).

* 1 for 500 REVERSE SPLIT of all Issued and Outstanding Common Shares. Note, pre-split Common Shares CUSIP# 704755 107: ISN#US704755 107 9, (Old Symbol: PAIM) have been assigned a new CUSIP # 704755 404: ISN#US704755 404 9. The post-split outstanding public float for Common Shares will be 8,540,057 Common Shares.

* Reduction of the number of Authorized Common Shares from “4.0 Billion” (4,000,000,000) to 20.0 Million (20,000,000).

* 1 for 75 REVERSE SPLIT of all Issued and Outstanding # Preferred Shares. Note, pre-split Preferred Shares bearing CUSIP # 704755 30 5 ISN # 704755 305 9 (Symbol: PAIIP) have been assigned a new CUSIP # 704755 503: ISN# US704755 503 9. The post-split outstanding public float for Preferred Shares will be 40,000 Preferred Shares.

# Reduction of the number of Authorized Preferred Shares from “6.0 Million” (6,000,000) to Eighty Thousand (80,000).

[dia duit]

Okay, I read the PR now.

On October 25, 2007, a majority of shareholders of BioTech Medics, Inc. consented to amend the Articles of Incorporation to a 1 for 20 reverse stock split for the outstanding shares of common stock

Um, why in the world would a majority of shareholders in a pinkie vote to do a reverse split? Complete BS!


No small shareholders will be cashed out

Is this "the dividend" you spoke of? There are no further details explaining this. Does it mean you still have at least one voting share to approve another reverse split sometime in the future?



The outstanding shares (o/s) will be approximately 8.09 million at the open of today's market. The authorized shares remain at 500 million, there are no preferred shares issues.

Oh dear!


Shareholders will not be required to return their old stock certificates for new certificates; however, shareholders may voluntarily exchange their BTME shares for BMCS shares for a fee charged by Transfer Online.

Why throw more money down the drain paying for a new cert on a company that does two reverse splits in five months?


The Board of Directors together with a majority of shareholders voted on the reverse stock split to better achieve the business purposes of the Company and to increase the price of the stock to attract investors.

Do you know who is on the Board of Directors? Again, I find it hard to believe the shareholders voted for this r/s.


Contact:
Investor Relations
1-972-274-5533

Unnamed IR? Is this a one man operation?