Post by John Winston Lennon O'Boogie on Sept 16, 2014 9:46:03 GMT -5
ONE MORE INTERESTING LITTLE POST..
iamice
Diamond Driller
Posts: 124
Did Urban own the claims after defaulting E. Koch Nov 20, 2006 at 11:26pm Quote
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.Post by iamice on Nov 20, 2006 at 11:26pmUrbans agreement shows he owned the claims
« Thread Started on Today at 6:18pm »
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The way I read this is...........Urban owned all the claims and sold them to Entourage. So Entourage has our claims. Emerson Koch has none.
Read it and see where I am coming from.............perhaps you'll see something I missed.
Ice
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sec.edgar-online.com/2005/11/25/0001062993-05-002844/Section3.asp
The Smeaton/Forte a la Corne Property is comprised of approximately 1087 claims totaling approximately 411,275 hectares in the Smeaton-Forte a la Corne, Saskatchewan area. No NI 43-101 report has been completed on the Smeaton/Forte a
la Corne Property to date.
An agreement was made between 1010 and CMKM Diamonds, Inc. dated August 1, 2003.
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Profiles of CMKX shows that 101047025 was Emerson Koch and he was to own it.....but CMKX defaulted, so the claims went back to Urban.
www.willywizard.com/Profiles/Profile-CMKX.html
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Then because of the default, Urban thought it best that Entoruage purchase (buy) the claims from CMKX. Because of CMKX'x default situation with 1010, Emerson was to receive from Entourage 38,888,888 shares of common stock. And from that common stock Koch or 1010, agreed to transfer 30,000,000 shares of Entourage's stock to CMKM shareholders.
So my assumption is: Emerson Koch doesn't own 101047025 and never did. It was CMKX's and because of the default, CMKX sold it to Entourage. Now also, because of the default, Emerson Koch was compensated, with a portion of Entourage, but he agreed to also give the 30 mil to the CMKC shareholders. Now why would he do that? He didn't have to, but he agreed to because Urban made it part of the compensation package............so who was running the show? It wasn't IMHO Emerson.
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www.siliconinvestor.com/readmsg.aspx?msgid=21820676
1010 Default
Under the terms of the agreement between CMKM and 101047025 Saskatchewan Ltd. ("1010") dated August 1, 2003, CMKM was obligated to provide the necessary capital for maintenance of claims located in the Smeaton / Forte a la Corne property as well as the drilling and exploration expenses. CMKM has been financially incapable of meeting these obligations and has therefore defaulted under the terms of the agreement. Furthermore, due to the ongoing Securities and Exchange Commission investigation currently being conducted, CMKM has been unable to raise the necessary capital needed to meet the requirements of the above mentioned agreement. Since CMKM was not able to meet its obligations to 1010, CMKM deemed it to be in the best interest of CMKM to consent to the purchase of those claims by Entourage. Entourage, in exchange for acquiring these claims, has agreed to issue 38,888,888 shares of common stock to 1010. Mr. Emerson Koch, acting on behalf of 1010, has agreed to transfer 30,000,000 shares of Entourage's stock to CMKM, which will also be distributed to CMKM stockholders.
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iamice
Diamond Driller
Posts: 124
Did Urban own the claims after defaulting E. Koch Nov 20, 2006 at 11:26pm Quote
Select PostDeselect PostLink to PostMember Give GiftBack to Top.
.Post by iamice on Nov 20, 2006 at 11:26pmUrbans agreement shows he owned the claims
« Thread Started on Today at 6:18pm »
--------------------------------------------------------------------------------
The way I read this is...........Urban owned all the claims and sold them to Entourage. So Entourage has our claims. Emerson Koch has none.
Read it and see where I am coming from.............perhaps you'll see something I missed.
Ice
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
sec.edgar-online.com/2005/11/25/0001062993-05-002844/Section3.asp
The Smeaton/Forte a la Corne Property is comprised of approximately 1087 claims totaling approximately 411,275 hectares in the Smeaton-Forte a la Corne, Saskatchewan area. No NI 43-101 report has been completed on the Smeaton/Forte a
la Corne Property to date.
An agreement was made between 1010 and CMKM Diamonds, Inc. dated August 1, 2003.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Profiles of CMKX shows that 101047025 was Emerson Koch and he was to own it.....but CMKX defaulted, so the claims went back to Urban.
www.willywizard.com/Profiles/Profile-CMKX.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Then because of the default, Urban thought it best that Entoruage purchase (buy) the claims from CMKX. Because of CMKX'x default situation with 1010, Emerson was to receive from Entourage 38,888,888 shares of common stock. And from that common stock Koch or 1010, agreed to transfer 30,000,000 shares of Entourage's stock to CMKM shareholders.
So my assumption is: Emerson Koch doesn't own 101047025 and never did. It was CMKX's and because of the default, CMKX sold it to Entourage. Now also, because of the default, Emerson Koch was compensated, with a portion of Entourage, but he agreed to also give the 30 mil to the CMKC shareholders. Now why would he do that? He didn't have to, but he agreed to because Urban made it part of the compensation package............so who was running the show? It wasn't IMHO Emerson.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
www.siliconinvestor.com/readmsg.aspx?msgid=21820676
1010 Default
Under the terms of the agreement between CMKM and 101047025 Saskatchewan Ltd. ("1010") dated August 1, 2003, CMKM was obligated to provide the necessary capital for maintenance of claims located in the Smeaton / Forte a la Corne property as well as the drilling and exploration expenses. CMKM has been financially incapable of meeting these obligations and has therefore defaulted under the terms of the agreement. Furthermore, due to the ongoing Securities and Exchange Commission investigation currently being conducted, CMKM has been unable to raise the necessary capital needed to meet the requirements of the above mentioned agreement. Since CMKM was not able to meet its obligations to 1010, CMKM deemed it to be in the best interest of CMKM to consent to the purchase of those claims by Entourage. Entourage, in exchange for acquiring these claims, has agreed to issue 38,888,888 shares of common stock to 1010. Mr. Emerson Koch, acting on behalf of 1010, has agreed to transfer 30,000,000 shares of Entourage's stock to CMKM, which will also be distributed to CMKM stockholders.
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