Replies to post #51942 on The Question and Answer Board (IHUB)

[Susie924]

U.S. SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 51383 / March 16, 2005
Administrative Proceeding
File No. 3-11858
In the Matter of CMKM Diamonds, Inc.
ADMINISTRATIVE PROCEEDING INSTITUTED AGAINST CMKM DIAMONDS,
INC. FOR FAILING TO MAKE REQUIRED PERIODIC FILINGS
The Commission today instituted a public administrative proceeding pursuant to Section
12(j) of the Securities Exchange Act of 1934 (“Exchange Act”) against CMKM Diamonds, Inc.
(“CMKM Diamonds”) to determine whether the registration of its securities should be revoked
or suspended for failing to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and
13a-13 thereunder, which require the filing of periodic reports with the Commission. The
Division of Enforcement alleges in the Order Instituting Administrative Proceeding that CMKM
Diamonds had common stock registered pursuant to Section 12(g) of the Exchange Act. The
Division of Enforcement further alleges that CMKM Diamonds has failed to file periodic reports
since 2002.
A hearing will be scheduled before an administrative law judge to determine whether the
allegations of the Division of Enforcement contained in the Order Instituting Administrative
Proceeding are true, to provide CMKM Diamonds an opportunity to dispute the allegations, and
to determine whether it is necessary and appropriate for the protection of investors to suspend or
revoke the registration of CMKM Diamonds’ securities.
Pursuant to the Commission's Rules of Practice, an initial decision shall be issued by the
administrative law judge within 120 days from service of the Order Instituting Administrative
Proceeding upon CMKM Diamonds.