Replies to post #112847 on CMKM Diamonds Inc (fka CMKX)

[janice shell]

I'm wondering if Dr Diamonds and others will soon be contacted by the SEC and the Sask Securities Commission.

[gump90]

Ooo Ahhh .. blue ..
Where can I buy a waffle franchise ? They will be the IN thing now. LOL.

[Downunder]

As the good doctor says this halting of USCA is like the thieves NS MMs running to the police for help.
Cant wait for the short squeeze to really bite!

[bluediamonds]

What do you think CMKX is really worth? by DrDiamond
« Thread started on: Today at 12:59am »


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I believe most don't believe the potential of CMKX! I would like to put some ideas out there for the consideration of CMKX investors concerning possible basic calculations giving us an idea of what might be generically feasible valuations for our FALC claims and CMKX assets. This post will be consideration #1.

The reasonable facts are enough for serious pink sheet investors to believe in the potential for CMKX. After all this isn’t the NYSE and we are not getting all of the info at this point we would like to have. Most can't or have a hard time believing that something good can actually come their way. I guess like most of us after you get burned enough the tendency is to turn critical and cynical. Let's see if we can put aside the criticism, sarcasm, and look at reasonable amounts with a very low level of speculation. Just a reasonable breakdown of what we know and we can go from there.

Every time some one brings up substantial DD that the value of the company is significantly more than people can imagine they shoot it down and think the individual is a pumper. So loosen up and try and be open minded.

I know the A/S (Authorized Shares) is 800 billion shares. Just because 800 Billion are authorized doesn't mean they have been used.

Retiring of Billions of shares has taken place and the PR's attest to it. Even if none has been retired since Feb 2004 when the O/S was still 37 billion we can add to that the 75 Billion paid to Nevada Minerals bringing a possible O/S to 112 billion. We can only speculate beyond the 112 billion O/S we know of seeing as nothing else was PRed, but the market value of CMKX at .0002 is WAY UNDERVALUED! Many speculate a 779 billion O/S, a 400 billion O/S, etc… but the only actual evidence we have supports a 112 billion O/S. Personally I think Urban owns 60 – 70 billion CMKX shares so we can possibly see 200 billion O/S, but it is just a guess.

Here is the link to Urban’s comments on the DeBeers and CMKM Diamonds comparisons. Just so you see I did not make these comparisons up, but are actually the thoughts of Urban and CMKM Diamonds. Please read the PR below very carefully and see how Urban refers to our claims.
http://questfordiamonds.com/news/topic79.htm

If we just take the Smeaton Property, regardless of the other 1.4 million or 1.9 million acres we have, the Smeaton property is 22,447 acres I believe. If you use the DeBeers valued property of approx. 58,000 acres at 40-80 billion dollars then we could reasonably assume that Carolyn and Smeaton is worth half of that at $20-40 billion. This alone when compared to the 112 billion O/S we know of for sure would make the market value of CMKX worth approx .18 to .36 per share. Even if you move to the possible 800 billion A/S as the O/S you would still be at .025 to .05 market value per share. No hype, no assuming the other 1.4 or 1.9 million acres has anything or any value at all.

On Carolyn and the Smeaton property alone we could reasonably expect to have .025 to .05 cents per share price if we had a 800 billion O/S.
And if there were 400 billion O/S we would be looking at a pps of .05 to .10 on Carolyn and Smeaton alone!
And if there were 200 billion O/S our pps could be at .10 to .20 on Carolyn and Smeaton alone.
Or if even our O/S of 112 billion were correct then our pps could be at .18 to .36 on Carolyn and Smeaton alone.

I don't see how anyone can argue with that! But, I’m sure some will find fault.
Now as a bonus, lets do a VERY CONSERVATIVE CALCULATION!

Debeers acreage is valued at around $700,000 per acre. Lets take one third of that and say CMKX acreage is only worth $230,000 per acre. When you multiply $230,000 per acre times 1,400,000 acres you get $320,000,000,000 (Billion dollars). If we have the 1.9 million acres that Melvin quoted to me over the phone then 1.9 million acres X $230,000 you get $437 Billion.

With our acreage in Smeaton and Carolyn valued equal with Debeers and our additional acreage valued at only 1/3 of that of Debeers we arrive at a low market value of:

Low end value compared to DeBeers:
$20 Billion for Smeaton and Carolyn
$320 Billion for remaining 1.4 million acreage
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$340 Billion low end value –
If 112 Billion as an O/S we are looking at a market value of $3.04 low end
If 200 Billion as an O/S we are looking at a market value of $1.70 low end
If 400 Billion as an O/S we are looking at a market value of $.85 low end
If 800 Billion as an O/S we are looking at a market value of $.425 low end

Low end value compared to DeBeers if 1.9 million acres:
$20 Billion for Smeaton and Carolyn
$437 Billion for remaining 1.9 million acreage at 1/3 value of DeBeers
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$457 Billion low end value –
If 112 Billion as an O/S we are looking at a market value of $4.08 low end
If 200 Billion as an O/S we are looking at a market value of $2.28 low end
If 400 billion as an O/S we are looking at a market value of $1.14 low end
If 800 billion as an O/S we are looking at a market value of $.571 low end

High End
$40 Billion for Smeaton and Carolyn
$644 Billion for 1.4 million acreage at 2/3 value ($460,000) of DeBeers
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$684 Billion high end value –
With 112 Billion O/S we are looking at a market value of $6.10 high end
With 200 Billion O/S we are looking at a market value of $3.42 low end
With 400 Billion O/S we are looking at a market value of $1.71 high end
With 800 Billion O/S we are looking at a market value of $.855 high end

I believe the low side of the tape is more than enough to convince any investor with or without the further calculations of our 1.4 to 1.9 million acres of mineral rights. Smeaton and Carolyn alone could easily bring us to .025 to .05 cents per share.

Add in 1.4 million acres of mineral rights with a very possible “market valuation” reserve of $320 billion dollars on the low end we are looking at $.425 cents as a reasonable market value per share.

Add in 200 billion shares of SGGM (.27 pps); Add in our stake in the UCA Uranium mine in the Athabasca Basin; Add in our American Mine with gold revenues streaming in from Ecuador; Add in 10% lifetime royalties from CIM; Add to that a very possible resolution to the NSS position with a short squeeze or buy-out; share dividends paid out already to investors with more on the way; etc…

I could go on with this area of thought, but I believe the very basic should be able to show that we could very easily have “market valuation” of .40 cents plus even if we had an 800 billion O/S and here we are currently at .0002. Is CMKX a value or bargain at .0002? You tell me.

Currently a $200 investment in CMKX would yield 1,000,000 shares of CMKX. If my low end calculations were only 10% correct and CMKX were only worth .04 per share then the 1,000,000 shares would return $40,000. You can do the math from there based on percentages of accuracy. But for anyone to think that CMKX is justifiably at .0002 and will not reach the pennies needs their head examined in my humble opinion.

I hope this helps give a “basic idea” of what a possible “market value” could do for CMKX’s PPS in one of the worst case scenario’s IMO. I know no mineral reserves unproven can be used for SEC accounting purposes to build asset valuation, but they can be used for "market valuation".

Thanks for reading

These are just my opinions and I ask that you treat them as such.

Dr.D

http://cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&num=1098946753

[bluediamonds]

One Dr D MP3 SUMMARY is at:

http://www.cmkx.net/forum/viewtopic.php?t=3591

But it is much better to listen to the whole thing for yourself at:

http://cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&num=1098996677

Naked shorters going down soon...

Watch in happen...

CMKX will CRUSH THEM ALL!!!

IMO

[bluediamonds]

Bo Spoke With Chris (UCAD/USCA)

Posted by: Bo14172
In reply to: None Date:10/28/2004 7:28:22 PM
Post #of 20516

Just spoke with Chris, please read.

She is in Vegas and in preparation of the party. Nonetheless we had a long talk and she was willing to cover points to reassure us in this situation.

Roger Glenn is most definitely on top of this.

This was not expected BUT IT IS NOT A CONCERN AS THEY HAVE DONE NOTHING WRONG. It is her opinion, but I sense a concensus of thought among the leaders that this is clearly an attempt by the MM's to put the brakes on a stock which is doing quite well for itself. She states sarcastically that it's totally ok for stocks to be illegally shorted from $5 to $1 and nothing is said, but we can't let a stock rise from $5 to $15 and try to move to a bigger exchange can we?

All of their reporting and any valuations they have made are in accordance with GAAP (generally accepted accounting principles).
She states they are in compliance with reporting and accurate in their pr's as to company activity.

She said there simply have been more buys than sells based on good news and value, nothing more, nothing less. She said Mr. Williams sold some stock at ~$4.85 and she knows he is kicking himself for doing so based on the recent rise.

Speaking for herself only, she is angered by this, but not concerened. She assured Roger Glenn is preparing an answer and questions (the legal lingo is 'interrogatories') for more specifics, which is what I posted earlier today that he may do.
He will get back to her with any updates on the matter.

She is continuing to believe that the good people invested in this stock have as much right to good financial fortune in their lives as the MM's do.

I let her go to continue her preparation work with about 20 others at that point.

She said to keep the faith.

I have and I will.

We have Atty Glenn and the firm of E & A serving as his support on this. Litigation and injunctions occur in life. Nope, they aren't fun, but they spring up every day in the business world. Chris's assurance matched with Atty Glenn's expertise is why my words to everyone are to remain calm and "there are 2 sides to every story". It is assuring to me that Atty Glenn is the one telling our side.

Be well, Bo

http://www.investorshub.com/boards/read_msg.asp?message_id=4417509

[bluediamonds]

Green Baron Report Out on 10/28/04
« Thread started on: Today at 10:39pm »


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CMKM Diamonds, Inc. (CMKX)

Trading in US Canadian Minerals (a CMKX dividend stock) Temporarily Suspended Only One Day after its 3-for-1

Forward Stock Split

On Wednesday, October 27 U.S. Canadian Minerals (USCA) announced that the company’s 3-for-1 forward split had been declared effective. The former symbol for the company was UCAD. This restructuring of the company will allow for the pursuit of additional avenues of financing and future acquisitions. Rendal Williams, CEO of USCA, stated: “With the split and new symbol now effective, the company will continue pursuit of its goals as stated by the board of directors. We expect to have some exciting announcements in the next few days.”

Later that same day, USCA announced it completed the acquisition of a controlling interest in a new processing plant in Buza, Ecuador. The first stage of the facility is 95% complete. The first stage of the plant will have capacity to process approximately 70 tons of gold ore per day. When completed, the second stage of the plant will have processing capacity of approximately 400 to 500 tons of gold ore per day.

In the same announcement, Rendal Williams stated, “… Through our commitment to CMKM Diamonds and Nevada Minerals, USCA is working diligently to expand its production facilities to stay ahead of the processing requirements of the American Shaft gold ore production.”

The next morning, today Thursday October 28, trading of shares in USCA were suspended by the SEC until the end of day on Nov. 10. The SEC said it took action because of questions regarding the accuracy of publicly disseminated information regarding the company’s financing and mining activities and the value of its assets. However, The Green Baron Report expects the shares of USCA to begin trading again at some point next week based on what we believe are unfounded allegations against the company.

Strangely enough, it also came to light this morning that the Saskatchewan Financial Services Commission has delegated to the Director of the Securities Division for a special inquiry that was initiated on October 26. The officers of CMKM Diamonds including Melvin O’Neil are being asked to produce supporting documentation to evidence the possibility of trading unregistered shares of CMKM Diamonds back when the stock carried the symbol CMKI and CMKM. The individuals and related companies are being asked to provide a response by November 9, 2004.

The Green Baron Report thinks now more than ever it is obvious a short position exists in the shares of US Canadian Minerals (USCA) and CMKM Diamonds (CMKX). We strongly believe we have just witnessed a consorted all out effort to tarnish the images of CMKM Diamonds and US Canadian Minerals. On the day following a statement by CEO Rendal Williams to expect “some exciting announcements in the next few days”, and only one day before a huge CMKX/USCA shareholder appreciation event begins in Las Vegas, two separate attacks have been launched with precision. US Canadian Minerals stock had also just rallied strongly again on Wednesday to close at a split adjusted $5.65 (pre-split $16.95). Anyone short this stock would have experienced tremendous losses over the past month.

Although a formal statement has not been issued in response at this hour by either company, we expect both CMKM Diamonds and US Canadian Minerals to successfully and quickly resolve any questions that are being raised by the interested parties. U.S. Canadian Minerals just got done announcing on Tuesday October 25 that it had initiated preparations for compliance with the upcoming additional requirements under the Sarbanes-Oxley Act of 2002. The Green Baron Report notes that this is typically not the type of announcement that comes from a company that has done something wrong.

It seems very odd that the Saskatchewan Financial Services Commission chose this precise moment to inquire about trading activity that probably took place a year ago in CMKM Diamonds. The Green Baron Report is convinced there are other forces at hand that do not want CMKM Diamonds to be successful, and they chose this exact moment to launch its smear campaign.

The Green Baron Report has been told that former SEC attorney D. Roger Glenn will be involved in responding to both inquiries. Again, we are confident that Mr. Glenn’s vast experience with the SEC will resolve these issues in a very timely and professional manner. In the meantime, we will gladly wait for resolution of these matters, and for CMKM Diamonds to become what we still believe will be The Stock Play of a Lifetime.

http://1millionaire.proboards31.com/index.cgi?board=general&action=display&num=1099021149