Replies to post #94671 on CMKM Diamonds Inc. (fka CMKX)

[TSXminer]

From another board: How CMKX makes its deals -

The answer can be found in U.S. Canadian's Form 10-Q financial report for the quarter ended June 30, 2004. According to the Form 10-Q, U. S. Canadian (UCAD) agreed to sell 600,000 shares of its stock to an unnamed party related to CMKM at $5 a share. The $3,000,000 received by U.S. Canadian from that transaction was then paid to CMKM.


In other words, an individual related to CMKM funded U.S. Canadian's investment in CMKM - just one more swap in this series of intriguing transactions.