Replies to post #174619 on CMKM Diamonds Inc. (fka CMKX)

[tomicT]

I'd say $15-$25 million um...or is that giving Urbie V too much credit?

[gump90]

I'd guess 50 million.

Maybe max. So cut it in half to $25 million ??? Don't forget all the drag racing stuff. That eats money like a paper shredder.

Anybody else ??

[matrix]

My guess is not very much "money" was raised. Perhaps $10 million or less. Most of the stock issued here was for things like consulting services, deals with other companies, etc where CMKX never saw real cash.

The value of the issued stock though is a different story. In the last 10Q before Urbie took over, the o/s sat at 352.2 million. Today, the o/s is 703.8 billion. If one values the difference at only .0001, that's $70.4 million.

In the last 10Q, the accumulated deficit is listed as $3.49 million. At the hearing, the bookkeeper said the accumulated deficit today using partial financial data is $36 million. So, I would say the amount sucked out of investors here is between $32.5 million ($36M - $3.5) on the low end to $200 million or so on the high end.