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Post by John Winston Lennon O'Boogie on Jul 3, 2014 6:40:52 GMT -5
Our Problem would have been that, we let it go from one Elected Official to another. The one who cared and started the sting is long gone. Unless he or she also had CMKX shares.. (NOT) JMHO
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Post by imSINGLEruRICH on Jul 12, 2014 16:12:27 GMT -5
Alrich posts some more "Blasts from the Past"......This one a repost from the "Clubhouse"..... Everybody remembers the "Clubhouse" right?? SEEMS WE ARE ALWAYS ASKING.. WHO IS LYING ?? ..... Always conflict, in statements, made by some "key figures", in this saga.
Thanks.....alrich DIAMOND JEDI MASTER Post by alrich on 5 hours ago
Who Lied !! ? Bill Frizzell or Leslie Hakala
-------------------------------------------------------------------------------- From the Clubhouse....
Mr. Casey Rybeck Justice Taskforce
Who Lied !! ? Bill Frizzell or Leslie Hakala « Thread Started on Today at 10:00am » Take notice to the dates
10/27/2005
Hi xxxx,
I can't really comment about Mr. Frizzell's update, except to note the following (which was already made public in another context): The Enforcement Division welcomes all evidence of potential violations of the federal securities laws. Mr. Frizzell has been specifically invited to provide the Division with any evidence of violations that he has, including his alleged evidence of naked short selling. He has opted not to provide the Division with any such materials.
I don't know when the Commission will act on the revocation issue. I can assure you, however, that the matter is back in Washington, that adminstrative matters take time, and that the delay in getting a final order does NOT reflect any fears that the Division has about revoking the registration of CMKM Diamonds' stock.
I hope this helps you and other investors. Please do not hesitate to pass on my comments if you think they might be helpful to others. Best, Leslie Hakala
Bill Frizzell Q&A: 11-18-05
When I met with Leslie and the Regional Director of Enforcement in their offices following the administrative hearing I had in my possession a CD which showed our evidence (statistically speaking) that there were billions of naked shorted shares in this stock. I told her what was contained on the CD (digital photos of thousands of shareholder statements). She said if all you have is some shareholder statements showing 200 billion shares, that does not prove a naked short. I pointed out to her that the NOBO list numbers and the Transfer Agent’s numbers proved a naked short in this stock without any other evidence. I produced the NOBO list and she had the Transfer Agent’s list in her possession at the hearing. She expressed concern that shareholders would be sending in fake statements to support our cause. She asked me how we could prove that every shareholder statement was authentic. I told her that I had a digital photocopy of each statement and they were verified by the NOBO list in most cases. If you recall we were still accepting shareholder statements at the time of the hearing and continued to do so for some time after that meeting with Leslie. We continued to gather statements until we documented the information from 12,000 shareholders. Our totals exceeded 400 billion shares. If we did nothing more than add the cert holders to those that had shareholder statements we had proved a naked short.
We then asked the Judge to accept this evidence as a post trial exhibit. Leslie objected to our evidence during the appeals process when we offered this to Judge Murray. This was evidence to me that Leslie would continue to resist our evidence of naked shorting. When I asked her to produce for us the “fails to deliver�which they received daily in this stock, she declined to produce this information to us and asked me to file a FOIA request.
I left their office and immediately filed a FOIA request. The FOIA request was denied, so I filed suit to force the SEC to give me the information that Leslie told me I should be able to get through a simple request. Six months later, I finally received a partial response to my FOIA request. As we were leaving the meeting, I was told that whatever we did to prove a naked short, we were not to orchestrate a short squeeze because that was illegal. What we presented to her was not sufficient at that meeting by her own words.
The reality of the meeting was this. The SEC knew (or had the ability to know) the naked short positions in this company when we were in their office following the hearing. They received daily fails to deliver reports from the DTCC. They were fully aware of the NASD’s recognition of the naked shorting of CMKX stock. Remember the Jefferies letter and the ex-clearing transactions that were going on in CMKX. I was in their office with proof of naked shorting and was told our proof was not sufficient to conduct an investigation. The SEC did not need our proof to investigate the naked shorting of this stock if they were inclined to do so. They already had all the proof they needed and chose not to investigate it. Her letter stating we have not offered proof of naked shorting is inaccurate and was totally self serving. We did offer it, but she simply refused to consider it in the form we presented. I am hopeful that the appointment of Chris Cox will be helpful to us in our fight against naked shorting. I am hopeful the next time I approach the SEC will be with certificates from the Transfer Agent in hand. I fully expect to receive responses from more than 20% of the shareholders as we build our list to make the Entourage distribution.
So tell me, Who is lying to the shareholders ?!!
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Post by imSINGLEruRICH on Jul 16, 2014 13:50:47 GMT -5
The MP3 link (from 2009) does not work..... but the recap text, of convo, is interesting.....Thanks Allrich & seagull MP3 of Salty 1/16/09 with others « Thread Started Today at 8:57pm » -------------------------------------------------------- www.zshare.net/audio/54293519e34d3768MP3 of Salty, mccurdydon, spudey and davidjmar ty suddenfortune camrhon.proboards102.com/index.cgi?board=safe&action=display&thread=5196 ~~~~~~~~~~~~~~~~~~ ~ Partial recap by seagull: ~ [The first 1/2 of the mp3 was mainly Salty talking... I switched from 'I' to 'he' ... either is usually Salty... Hope it is clearer now.] Salty said he has been sitting on this for a long time... It starts with a paper trail. He still doesn't know what is going on but he has made some contacts. Now he has started an email trail with Fenra and the SEC know about all of his purchases. Frizzell said we had trillions of NSS. Then he went over to the 4th floor level bank building in Tyler and witnessed all of the trading records, etc of all the bad guys and KW saying we have narrowed it down to 50Billion NSS.... with boxes and boxes of certs... KW saying we are not calling them NSS ...but failures to deliver... They know Salty saw the driver's license of John Edwards ...transfers of stock over to Thomasa Trust in FL They promised they would do something in the future. They promised to show all of his letters to Mary Shapiro and to email me of this effect... which they haven't done. He (Salty) loaned Keith Houser $15k twice and he is making payments as he is suppose to told him ...said Frizzell is helping him... Houser said "I cannot be more thankful ... but Bill Frizzell is helping me"... Salty asked KH about the Wells Fargo news deal... and he said absolutely yes.. hundreds and hundreds of certs were going through... illegal... We haven't heard anything from Frizzell about his golden seal medallion (Salty was getting jammed constantly... ) Houser says we get 1c to 2c per share later in the year (in the past)... so I (Salty) called my friend & he called & asked Frizzell ...He (BF) said that is not what he said... but we ARE getting a lot of money... ....(cutting out).... sealed document... guy named Jeff... WellsFargo... be responsible... (cutting out ) (Salty is having line problem at home... then goes dead... ) Salty said: I called Sarge and my phone was jammed... I have never had my phone jammed. I will keep trying to talk now. Talking to people at the SEC.. they know about the stock I bought and why... and from that I bought at Nev. West Securities... A conversation with CEO of BDLF ...that worked across the hall from Nev. West... said he was approached by John Edwards, Shawn Ackman, & Gary Walters in order to do the same thing to BDLF that they did to CMKX I (Salty) told them about the BMCS I have bought ... asked Keith Houser about the float & he (KW) said that was correct... We are at the point of being just like Eagle Tech.. there are no shares left of BMCS Ameritrade gave him (Salty) the run around when he asked for his cert. I (Salty) got the name of the pres. of the bank who is testifying on behalf of BMCS and should be testifying on behalf of CMKX ... who allowed the girl who medallion sealed all the illegal certs that went through the bank... Bill Frizzell should be doing the same thing Keith Houser is with BMCS... hundreds of the certs came from CMKX How can he help Houser if he (BF) hasn't done it himself. I (Salty) called my friend in Texas who has given Frizzell a lot of money. He (friend) called Frizzell to varify the 1-2cents... Frizzell denied saying that... but said we would get a lot of money. He went back to Houser... and Houser again said Frizzell did say 1-2cents... Salty said he is tired of Frizzell telling one person one thing and another ...something else. Frizzell said we have 29 potash mines.......... ...told to watch API which is a potash company Chinese are all over the Falc In the past 2 weeks I (Salty) bought a million shares... there are 3 million in the float... with each sale ... the float inches down... ......... 50mil shares were put into the float by Helen Bagley (our TA at First Global) ........... Someone Salty knows someone who said cmkx was shorted into the ground... and Chairman Cox said not to regulate Not until he is in front of Congress will he (Salty) divulge the name of his friend who told him. Salty made a comment about UC playing David Jamar like a __?__ putting him at risk because he has a bad heart by contacting him saying things ... like we aren't going to get any money ... he (DJ) could die... Sandy said: UC called to check to see how David Jamar was doing. It was when David said something that UC flew off... ?? ~~~~~~~~~~~~~ Conversation within the room ...asked about the rumor that Frizzell may have been paid 2cents over a year ago... Frizzell does have the 1-2cents per share...but rumor has it he is going to offer us less than that ... just half a cent or 1/4 of a cent or something... and we have to give up our certs if we do that. We are hearing that Frizzell is pocketing the rest. Someone said they are out to screw the shareholders period. Expecting something in the mail maybe next week... not sure. Someone said there is no way that Tyler can steal the money that the DTCC has been holding for us for distribution. Spudy said the 2cent is with Frizzell... and the rest is with the DTCC. Spudy is saying he is hearing the big money is coming from the DTCC **************** I listened to parts of the last half of the mp3 .... primarily discussion about payout, Tyler, the function of Tyler as we have discussed before... to help non-shareholders and to keep the company alive (important) so we can be paid. ~seagull
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Post by JoeRockss on Jul 18, 2014 11:04:38 GMT -5
cmkx a penny stock.... another oldie
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Post by imSINGLEruRICH on Jul 22, 2014 6:16:55 GMT -5
#2028683 diamondraiderJun 28 15:23 I dusted off this old post because I believe now more than ever in those who started us on this now long journey. I also think we will eventually receive some kind of payment for our patience. The world as we knew it is about to change for the better- IMO. Sometimes in this long ride none of us willing signed up for-gives me pause- I focus on the concrete information. Why would Mr Robert Maheu be involved with a little pink sheet stock. I mean he was the same guy who ran covert operations (Stings) for the government. He was the right hand-man for one of the most influential men in modern times-Howard Hughes. Howard Hughes turned his inheritance of $600,000 into 2.5 Billion not an easy task. And IBM was on his game to the end. Oh and how many hectre acres represented our claims in the great North? So are you starting to see the primers for a Sting operation? Not to mention the beating those of us that did DD and then got blasted for it in the controlled Paltalk rooms- Just like Tuscan keeps saying. And did I mention that this Board is under attack from Bashers. Why are they hanging around here, because I have never heard one of them explain that fact away yet. So, I have offered a small sampling of what this Ride of a Life time may hold in value(Monster). By the way I bet the True Longs know what they hold and will hold what they have. And for those of you who think CMKI/CMKX has nothing to do with the rest of the world- you aren't looking very hard-IMO. Bash away Bashers. For the Good Guys on the Original team and the True Longs www.youtube.com/watch?v=BXpdmKELE1k#2037069 diamondraider 7 hours ago LOL.... Looks like I am not the only one dusting things off. But I still believe in the original team. IBM and Company Mission Impossible crew. Interesting BRICS we have been counting on the road of this long journey. I hope they turn out to be Golden BRICS. IMO Raider
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Post by imSINGLEruRICH on Jul 28, 2014 8:56:51 GMT -5
moneycomesandgo DIAMOND DIGGER Post by moneycomesandgo on about an hour ago Re: Hodges and Associates 1/11/11
Remember this ?
THE ENGINE…===THE WHITE KNIGHTS AND CHINESE… they are pulling the train and the cars are: WGS..—THE NATIONS <--- could this be the starting POINT HERE ( BRICS NATIONS ) ? ? ? ? ? ? FIRST CAR====Prosperity Programs==Humanitarian Programs SECOND CAR====THE DINAR===REVALUE AND TURNS ON THE NEW BANKING SYSTEM THIRD CAR AND CABOOSE====CMKX…
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Post by John Winston Lennon O'Boogie on Jul 28, 2014 9:41:41 GMT -5
The Whole post and nothing but the whole post.
Hodges and Associates
My associate Dennis Smith recently advised that I would have some information for all on this date. Here it is:
1. Let me start by referring you to a message Tramp posted just this morning, as follows:
tramp Administrator
member is online
GONNA HIT YOU LIKE A FREIGHT TRAIN..YOU READY?
Joined: Aug 2006 Gender: Male Posts: 24,895 Re: Hodges and Associates 1/11/11 « Reply #79 Today at 5:02am »
________________________________________ There is a train for all this and the following is on the train... I have had this confirmed by one of the white knights who has been giving us information... you can believe this or not, it does not matter, but IT IS FACT... and matters not... THE ENGINE...===THE WHITE KNIGHTS AND CHINESE... they are pulling the train and the cars are: WGS..---THE NATIONS FIRST CAR====Prosperity Programs==Humanitarian Programs SECOND CAR====THE DINAR===REVALUE AND TURNS ON THE NEW BANKING SYSTEM THIRD CAR AND CABOOSE====CMKX... and the white knight said i understand this and those who don't understand should pay attention to what i am trying to say and help... LAST IS THE DINAR... that starts the new banking system which turns on everything... and all gets paid at once... And all those who bought dinars, well they cash out... and thus more money to help out the economies of the world... If this is not done now, the USA and Europe will collapse with the rest of the world in 4, 5 months the most...make 1929 a picnic... this is very serious... pixie gets it... and understands...
2. Tramp understands very well what’s been going on; he is not alone – Pixie gets it, Deltadon gets it, Chucky gets it, etc. etc. etc.
3. I understand that you may not be happy with what’s going on. However, it is a fact and we are only a very small part of the pay-out scheme. We have had a great deal of ‘headwind’ in the past 6 to 9 months. Unfortunately that is putting it altogether too mildly. We have confronted, with added pressure from the “lien-holders” without which we could not have succeeded, the vilest, most contemptible, well financed forces for evil on the planet – we have won! A life changing event it will be for CMKX shareholders; more importantly, the world financial markets will be essentially re-constituted from the currency level up.
4. To put it another way, the World Global Settlements, including the US Dollar Refunding Project, are real. They are the instruments of change. They are part of a world wide re-distribution of wealth which includes some 20 countries revaluation [up and down] of their currency, which will become asset-backed currency. Yes, this does include Iraq which is the cheapest of the lot and therefore had [to prevent unreasonable manipulation] to go first. The very latest information indicates that it has revalued, that it will be posted on Forex sites sometime on Sunday, and will be fully convertible in the US by Tuesday.
5. Although CMKX payments were not originally part of the WGS, they were included by attachment earlier this year. However, be assured that CMKX moneys are not currently part of the WGS; I understand from a number of different sources that Global Intelligence of Las Vegas petitioned the US Supreme Court, in camera, just after Christmas to separate CMKX pay-outs from any association or attachment with the WGS. I understand further that the Court issued an Order for the Trustees to pay-out the moneys within 48 hours, which time expired on or before December 31, 2010. I have received further information that Global Intelligence has not effected said pay-outs, has been fined some $150,000,000 on or about January 4, 2011, and is presently incurring additional fines at the rate of $13,000,000 per week. I have not been successful in any of my attempts to secure explanation from Global Intelligence.
6. Although at first blush this lack of performance may seem potentially criminal in nature, I believe there is a reasonable explanation. I am aware, for example, that many of those I have previously referred to as ‘miscreants’ have in the interim been duly relieved of the money they stole [which has now been recovered by the US], are still feared by the new-financial-order people; the fear is that to the extent they can obtain cash/financing, they would use the IQD revaluation as a means of replenishing their war chests. There are other reasons related to the big picture, which may also play a part in this delay. I know this will come as a shock to some and seems unfair on the surface, but the fact is that we are but a small part of what’s happening [and must happen] to correct the financial imbalance in the world.
7. Several months ago, due to the on-going delays and increased ‘headwind’ the Joint Chiefs of Staff were appointed by the World Court to supervise the conclusion of the WGS; they were given a deadline of December 31, 2010. Based upon this and the progress that was being made in early December, I opined [which has been widely reported] that if I were a betting man CMKX would be paid out by Christmas. Unfortunately, not even the JCS were up to the task. Accordingly, on January 1, 2011 the World Court appointed one of the lien holders, China, to take charge and supervise the conclusion of the WGS payouts. They are currently in charge and proceeding to bring the matter to conclusion. I am currently advised that all will be completed by January 21, 2011.
8. Prior to the recent change of process by the Chinese lien holder it was a requirement, based upon BASEL, that ER be obtained prior to the time that certain other payments could be made. As I have previously stated on many occasions we were waiting for Michael Cottrell and his companies to receive their payments as they were Number 20, the very last payee, on the BASEL list. Because the Chinese lien holder has changed the process, I now understand that Michael Cottrell will be paid on or about January 21, 2011, after all of the Prosperity Program money has been paid out which is estimated to take between 4 – 5 days. This is no way suggests that ER continues to be a requirement of the release of CMKX payments. As set forth above, I have tried desperately to contact Global Intelligence to secure their agreement to authorize immediate release of the CMKX packages, as I believe that the reason for delaying their delivery has now evaporated.
9. I have been told by three separate independent people, each of whom attest that they have personally viewed at least one package, that the CMKX packages contain written information as well as a preliminary payment in the form of a U.S. Treasury Check in the amount of $0.80 per share. The information that has been previously placed on the boards to the effect that the packages were prepared and were ready for distribution is accurate to the best of my information, knowledge and belief. I further understand that the packages remain ready for immediate distribution as soon as Global Intelligence determines, and/or is advised, that such distribution is approved.
10. Some have inquired whether registration with the Transfer Agent makes them a bona fide shareholder; in a word – YES. Some have asked whether I have had response to the letters which I have submitted to the Queen of England and others including POTUS; I have had direct response from the Palace and have seen rapid evidence of the efficacy of the other correspondence that has been submitted. Others have requested information regarding the identity and whereabouts of the CMKX Trustee and/or Trustees. This information can not be made public at the present time for security reasons; I am sure that you will hear more about this in the very near future.
A. Clifton Hodges (CSBN 046803) HODGES AND ASSOCIATES 4 East Holly Street, Suite 202 Pasadena, CA 91103-3900 Tel: (626) 564-9797 Fax: (626) 564-9111 E-Mail: al@hodgesandassociates.com
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cano1
Dr. Of Diamonds
Posts: 211
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Post by cano1 on Jul 28, 2014 11:27:01 GMT -5
After all this years of lies, half truth, half lies, and disinformation ! if nothing happen , if we don't get paid after all the "FREIGHT TRAIN.." pass by ! .I'm starting to think we might have been use like a "audience or crowd" together with the dinar investor by the team driving the "FREIGHT TRAIN", of course putting aside all the theft by brokers and insiders that occurred before! let see what's gonna happen in real live! IMO.... Cano1
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Post by John Winston Lennon O'Boogie on Jul 28, 2014 11:39:17 GMT -5
Yea, one of the hardest things to do is to review these old Al Hodges updates..
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Post by imSINGLEruRICH on Aug 23, 2014 6:32:14 GMT -5
Sterling was never a friend to the cmkx shareholders Sterling, just one amongst many. We shareholders have A long list of so called "friends". I remember the first time I actually got excited about CMKX. Joe & I bought the stock in March 2004 (both new to the market & before all the Hoopla) and Sterling posted this post in May 2004 (just 2 months after)....... Joe called me when I got home from work with the news of the post. We thought we had our lottery ticket in our hands....... lol, surprise, surprise, surprise. CMKX-Great News-Must Read... 21 May 2004 I just talked with, Frank, a very reliable source that many of you know from the CMKX board. We just got info directly from Urban himself to one of our sources whose name is Topogigio on the RB board. Here is a quick rundown of info:
** We have diamonds! Many of them!!! ** We have the largest diamond find ever! ** We have Platinum! ** We have Gold! ** We have other resources! ** We have a naked short position of 1 Trillion shares! ** We don't have 1.4 million acres, we have millions of acres! ** Urban said that CMKX will be at .50 to .60 cents even without the covering of the naked short position! ** There is much more that I will get with you all later! ** My apologies if this sounds like hype!!!
Sterling We (Joe & I) just wanted to learn about the stock market, 10 years later.... Ha, We sure got more than we bargained for. SINGLE ok husband Saturday, 08/23/14 12:46:09 AM Re: mretgnol post# 342218 Post # of 342222 sterling gets real defensive with loads of pvt messages if you call him out about cmkx. i think he is even paranoid really.
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Post by skoondog on Aug 24, 2014 14:31:04 GMT -5
Yea, one of the hardest things to do is to review these old Al Hodges updates.. Your so right!!!!! OLD...... Skoondog
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Post by imSINGLEruRICH on Sept 12, 2014 7:14:13 GMT -5
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Post by imSINGLEruRICH on Sept 17, 2014 6:04:17 GMT -5
passinthru3 DIAMOND JEDI Post by passinthru3 on 12 hours agocamrhon.proboards.com/thread/6676 Some interesting research from pj a few yrs back Bob Miller, former Governor of the Great State of Nevada and friend of Robert Maheu is a Director of Wynn Resorts AND Newmont Mining : This is a long read so get ready,lol
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Post by John Winston Lennon O'Boogie on Sept 17, 2014 6:15:04 GMT -5
Another interesting but old read from days of old.. BTW What ever happen to all that Money SGGM gave to CMKM for 5% interest..? www.cmkmdiamondsinc.com/documents/sggm-cmkm-transactions.pdfwww.stockpatrol.com/article/key/CMKM6Investigative Reports October 29 2004 Consider it just one more puzzle, wrapped in a mystery, shrouded in an enigma. The buzz keeps building for a group of little known mining companies – and billions of shares keep changing hands – although the companies in question have yet to produce meaningful revenues, or demonstrate that they are running viable businesses. This quintet of companies - CMKM Diamonds, Inc. (Pink Sheets: CMKX); U.S. Canadian Minerals, Inc. (OTCBB: USCA); Juina Mining Corp. (Pink Sheets: GEMM); St. George Metals, Inc. (Pink Sheets: SGGM) and United Carina Resources Corp. (CDNX: UCA.V) – may someday yield tangible results which so far have proved elusive, but for now investors are relying on encouraging press releases, chatter on Internet Message Boards, predictions and projections from promoters, and little else. Indeed, with the exception of U.S. Canadian Minerals, none of the companies presently files financial reports with the Securities & Exchange Commission. The financial reports filed by U.S. Canadian are hardly encouraging. So what has been motivating investors to propel these companies toward the top of active trading lists? As we have noted in the past, CMKM Mining frequently trades billions of shares a day – though with minimal price movement. See CMKM Diamonds, Inc. - A Familiar Drill; Update: CMKM Diamonds, Inc. - Swapping Stuff; Update: CMKM Diamonds, Inc. - Sharing Shares; Update: CMKM Diamonds, Inc. – Concentric Circles; and Update: CMKM DIAMONDS, INC. - Less and More. This week regulators in Canada and the U.S. stood up and took notice of the unusual trading patterns that had been fueled by relentless hype. On October 26, 2004, the Saskatchewan Financial Services Commission issued a Temporary Order halting trading of CMKM stock until November 9th. The Temporary Order also suspended trading in shares of CMKM's affiliate, Casavant Mining Kimberlite International, and put a halt to securities trades by Urban Casavant (CMKM's President), David Desormeau (a one time, and perhaps present, director of CMKM) and Melvin A. O'Neil (CMKM's press contact). The Temporary Order charges that Casavant, Desormeau and O'Neill made statements that contained misrepresentations in connection with their trades of CMKM stock that were neither properly registered nor exempted from registration. The Temporary Order may be extended beyond November 9th if the Commission does not receive satisfactory answers to its questions. Meanwhile, south of the border, the U.S. Securities and Exchange Commission was setting its sights on CMKM's partner, U.S. Canadian Minerals. On October 28, 2004 the SEC suspended trading of U.S. Canadian shares until November 10, 2004, putting an end to months of irrational trading and speculation fueled by rumors, press releases and promotional hype. In announcing the suspension, the SEC cited questions about the accuracy of publicly disseminated information concerning U.S. Canadian's financing and mining activities and claims about the value of the Company's assets. As we have discovered, those claims, and related representations by some of U.S. Canadian's "partners," including CMKM, have created a frenzy for shares of a group of obscure mining companies that have in common, among other things, a notable failure to produce tangible results and significant revenues. Mining The Markets It all started with a relentless campaign to promote CMKM. The surge of interest in CMKM shares has coincided with a barrage of press releases issued by the Company offering an optimistic, although cryptic, view of the Company's prospects. CMKM's CEO and President is Urban Casavant, who has been down this high-flying road before. Mr. Casavant was at the helm of a company called Petro Plus beginning in late 1995. At the time shares of Petro Plus were trading at about 15 cents on what was then the Vancouver Stock Exchange (now subsumed in the TSX Venture Exchange). Soon, in the wake of press releases reporting "visible gold" taken from ore samples, shares rose to more than $1. Share prices soon plummeted once again and Mr. Casavant took his leave from Petro Plus. While the other members of this group have not achieved similar ten digit volume, the demand for their shares has been steadily increasing. Juina Minerals, which traded 42,900 shares on September 30, 2004, soared to more than 4 million shares on October 5th. Volume has exceeded over one million shares each trading day since, and unlike CMKM, share prices have risen dramatically, from 3 cents on September 29, 2004 to 18 cents on October 18th. Shares of St. George Metals have followed a similar pattern. On September 1, 2004, 500 shares of St. George Metals stock changed hands at a price of 1 cent a share. Less than two weeks later, on September 9th, almost 2.5 million shares were traded, as stock prices reached a high of 35 cents a share. And then there is U.S. Canadian Minerals. On September 6, 2004, U.S. Canadian stock closed at a price of $4.15 a share. No trades were reported that day. On October 18, 2004, U.S. Canadian shares were selling for $15.30 (having hit $18.75 a share four days earlier). Approximately 61,000 shares traded on October 18th. Since the beginning of October, U.S. Canadian volume has exceeded 100,000 shares on nine occasions, topping 1 million shares on October 5th. On October 27th, U.S. Canadian shares underwent a 3 for 1 forward split. A day later the SEC halted trading. Yet, despite this frenzy of trading activity, U.S. Canadian and these other companies have not produced any results that translate into revenues. Conjoining Forces From all appearances, CMKM and U.S. Canadian Minerals have developed a close working relationship, joining together to explore mining properties, swap shares, and exchange interests in one another's mining claims. Recently, the CEOs of CMKM and U.S. Canadian appeared together on a web cast hosted by an Internet promoter known as the Green Baron, who has been calling CMKM "The Stock Play of a Lifetime." Earlier this year, CMKM and U.S. Canadian joined forces with United Carina Resources Corp. (CDNX: UCA.V), Consolidated Pine Channel Gold Corp. (CDNX: KPG) to hunt for diamonds in Smeaton, Saskatchewan, Canada. On June 10, 2004, CMKM issued a press release declaring that ore samples recovered from the area had been confirmed as "diamondiferous" by an independent laboratory. Unfortunately, that press release failed to mention that the diamonds were microscopic – two particles having a combined weight of .000005 carats. Eleven other samples contained no diamonds at all. Investors learned those details when United Carina Resources, under pressure from Canada's TSX Venture Exchange, issued its own press release clarifying the dimensions of the diamond "find." Unlike CMKM, United Carina Minerals and Consolidated Pine Channel Gold do file public reports, in their cases through Canada's SEDAR system, which is somewhat akin to the SEC's EDGAR filing system. Those reports indicate that United Carina and Consolidated Pine share more than their association with CMKM. The companies both maintain offices at 105-111 Research Drive, Saskatoon, Saskatchewan, Canada; share a telephone number; have the same President, Richard Walker, and the same directors and; have failed to produce meaningful revenues. United Carina's revenues for the first six months of 20034 totaled less than $3,000, while Consolidated Pine Channel had no revenues for the first six months of 2004. It would appear that the diamond dust discovered in Saskatchewan added nothing appreciable to those companies' coffers. Despite the lack of meaningful results from their Smeaton project, CMKM and U.S. Canadian have continued to develop a close working relationship. On July 18, 2004, CMKM issued a press release to announce that U.S. Canadian had agreed to purchase 5% of CMKM's mineral claims in exchange for 7.5 million shares of U.S. Canadian stock. The agreement also gave U.S. Canadian a one year option to acquire an additional 10% of CMKM's mineral claims for $15 million in cash. It seemed unlikely at the time that U.S. Canadian would exercise its option on the CMKM claims. As of June 30, 2004, U.S. Canadian had $1,321 in cash, no revenues, and cumulative losses of $17.7 million. Where would U.S. Canadian get the money to invest in CMKM, and if it were able to raise capital, wouldn't it be more likely to use them to fund ongoing operations than to invest in CMKM's unproven mining claims? Apparently not. On July 27, 2004, CMKM announced that it had received $3 million from U.S. Canadian, representing a partial exercise of the option. Why had U.S. Canadian decided to use those valuable funds to take a stake in CMKM's operation? According to its Form 10-Q financial report for the quarter ended June 30, 2004, U.S. Canadian had 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. And that, as they say, was the start of a beautiful friendship. On September 28, 2004, U.S. Canadian announced that it had exercised an additional portion of the CMKM option, purchasing an another 1.66% of CMKM's mineral claims for $2.5 million. How did the Company finance that purchase? The September 28th press release did not say, but on September 8th U.S. Canadian had issued a press release revealing the receipt of "$3,000,000 of funding via a private placement." The Company, which did not indicate how many shares it had issued in exchange for the investment, explained that the funds would "allow the company to move forward on several fronts in the execution of its current plans and future development of the company's financial growth as dictated by the board of directors." It did not say whether that included the additional investment in CMKM. The CMKM/U.S. Canadian relationship continued to evolve on other fronts as well. An August 6th press release from U.S. Canadian stated that the two companies (teaming up with United Carina Resources and Consolidated Pine Channel Gold, their joint venture partners on the Smeaton project that yielded negligible particles of diamondiferous ore, and a new player, Shane Resources (SEIH.V)) had received permits to drill in the Fort á La Corne, Saskatchewan area. U.S. Canadian, which files regular public reports as an OTCBB listed company, offered no further details of the venture, or predictions for its success. CMKM, which files no such reports, was considerably less restrained. In an August 5th press release, CMKM's CEO and President Urban Casavant stated that "the Company feels that this target in the Fort á La Corne area has great potential," citing, in support of his optimism, a "Time-Domain Electro Magnetic Survey" of the property. He then alluded to diamond discoveries by other companies in other parts of Canada that had utilized the same type of survey – possibly leading some investors to conclude that the survey itself was indicative of positive results. A September 13th press release from CMKM stated that drilling had been commenced and samples collected, but no results were reported at the time – or since. More CMKM-ty Promises? All too often, press releases create the possibility of unfulfilled expectations, opening the possibility of important developments, but failing to provide essential supporting details. The "news" from CMKM and U.S. Canadian suggested potential discoveries but offered no meaningful insight into the likelihood of meaningful revenues. A more recent announcement, suggesting the prospect of a substantial gold discovery, suffers from a similar deficiency. On October 19, 2004, CMKM issued a press release headlined "THE SUCCESS OF ITS INTEGRATED BUSINESS PLAN GOES INTO EFFECT IN ECUADOR." The prospects sounded promising. Unfortunately, the details that followed were somewhat muddled. CMKM said that it had concluded "the major ownership acquisition of the established American Mine…in Portevelo [Ecuador]." The press release went on to explain that CKMM, together with its operating partner, Minera Nevada SA, a subsidiary of Nevada Minerals, will manage a major corridor of gold production in the region. A spokesman for Minera Nevada claimed that the American Mine is currently yielding an average of 40 tons of gold a day, and that the production was expected to rise to 80 tons a day within six weeks. According to the press release, the "American Mine," sits within a district which has "recorded historic production of more than 4.5 million ounces of gold and 19 million ounces of silver, as well as significant tonnages of copper, zinc and lead concentrates." It does not indicate how that production, reflected in millions of ounces, relates to the purported "tonnage" produced at the American Mine, or the value of that "tonnage" to each of the participants. An October 27th press release from CMKM only added to the fog. This time, CMKM claimed that the "first week of gold ore has been mined at the American Mine" and had been shipped to "the Yellow River processing facility for immediate ore extraction." CMKM's President, Urban Casavant, called it an "exciting day for CMKM shareholders," but is that excitement a tad premature? The Company offered no indication that the "gold ore" possessed any significant value. We have noted the relationship between CMKM and Nevada Minerals in earlier articles. See Update: CMKM Diamonds, Inc. – Concentric Circles. On July 26, 2004, CMKM announced that it had agreed to acquire a 60% interest in 500,000 acres of "potential Kimberlite mineral property in Saskatchewan, Canada" from Nevada Minerals Inc., a private Nevada corporation, in exchange for 75 billion restricted shares of CMKM stock. And how does U.S. Canadian fit into this picture? On January 20, 2004, U.S. Canadian and Nevada Minerals entered into a joint venture agreement to develop what would appear to be the very same property in Saskatchewan, Canada. As part of that transaction, Nevada Minerals received 5 million shares of U.S. Canadian stock which, together with 4,850 shares of Preferred Stock (which was convertible into 485,000 U.S. Canadian common shares) made it U.S. Canadian's largest shareholder – at least until CMKM came along. In exchange for those shares, U.S. Canadian received rights to a percentage of revenues from the project – but only for a limited time, which expires on January 20, 2005. That could prove to be a bad bet for U.S. Canadian. So far there is no indication that any revenues have been generated from the Saskatchewan claims. And what is bad for U.S. Canadian also could prove unfortunate for CMKM as well. On July 18, 2004, CMKM revealed that U.S. Canadian had agreed to purchase 5% of CMKM's mineral claims in exchange for 7.5 million shares of U.S. Canadian stock. As a result, CMKM owned approximately 46% of the outstanding U.S. Canadian shares (8.56 million U.S. Canadian common shares had been issued as of June 30, 2004). All of this would seem to make CMKM, U.S. Canadian and Nevada Minerals more than mere business partners – but how much more? Which leads us back to CMKM's latest announcement and the prospect of Ecuadorian gold. After reciting the prospective tonnage expected from the operation, the spokesman for Minerva Nevada, stated that " ll will be done to ramp the mining production to complete our obligations to Yellow River and US Canadian Minerals, Inc. for their addition of two additional mills to Yellow River and the new production facility of the Buza coming on line over the next 90 days to build up to 300 tons of gold ore processing per day to satisfy the volume increase of the American Mine build up of production."
If the word "huh" comes to mind take comfort, you are not alone. Despite this string of details it is not clear whether CMKM or US Canadian owns or controls the American Mine, what interest each holds in the American Mine, or what revenues can be expected from "management" of a gold corridor. What does seem clear is this:
• Minera Nevada is a subsidiary of Nevada Minerals. • Nevada Minerals owns a substantial interest in U.S. Canadian. • CMKM owns approximately 46% of the issued U.S. Canadian shares. • CMKM is a joint venture partner with Nevada Minerals. • Nevada Minerals owns 75 billion shares of CMKM common stock. What percentage of CMKM shares does that represent? Since CMKM does not file public reports, and has not otherwise disclosed its outstanding shares, it is impossible to determine that percentage from the public record. Since CMKM reportedly is authorized to issue up to 800 billion shares of common stock, Nevada Minerals may own as little as roughly 10% of the CMKM shares – or a greater percentage if CMKM has not yet issued all of its authorized stock.
And that is not all.
Juina Dance The relationship between CMKM and U.S. Canadian is even more complex than these transactions suggest. There is plenty of fodder for more bullet points. Enter Juina Mining Corp. (Pink Sheets: GEMM). Like CMKM, U.S. Canadian, and Nevada Minerals, Juina has declared itself to be in the mining business – and like those other companies it has yet to uncover marketable ore that seems likely to lead to significant revenues.
How has the relationship between these companies evolved? In April 2004, U.S. Canadian acquired control of Juina. Later that month Juina acquired Yellow River Mining S.A., which operates the Yellow River Gold Mine in Ecuador. At the time of the acquisition, U.S. Canadian said that the Yellow River Gold Mine was "currently a revenue producing concession." Exactly what does that mean? U.S. Canadian's Form 10-Q financial report for the quarter ended June 30, 2004 stated that "to date, a small quantity of gold" has been recovered from black sand removed from the Yellow River Mine.
U.S. Canadian did not generate any revenues in the first six months of 2004 – either from the Yellow River Mine or any other project. Still, efforts to exploit the Yellow River Mine apparently continue – to reiterate the comments from a Minera Nevada spokesman in CMKM's October 18th press release:
ll will be done to ramp the mining production to complete our obligations to Yellow River and US Canadian Minerals, Inc. for their addition of two additional mills to Yellow River.
How does this relate to CMKM? In July 2004, CMKM announced that it would acquire 95,502,027 shares of Juina Mining Corp. representing 25% of Juina's outstanding shares, for $500,000. CMKM had the option to buy another 24% of the Juina shares for an additional $500,000. On October 16, 2004, CMKM revealed that it had exercised its option to purchase the additional Juina Shares (127,336,036 shares) for $500,000.
Will CMKM enjoy potential revenues from the Yellow River Mine by virtue of its ownership interest in Juina? Apparently not. One day before CMKM acquired the first tranche of Juina shares, Juina sold its interest in the Yellow River Mine to U.S. Canadian in exchange for 50,000 shares of U.S. Canadian stock. Where does that leave Juina? According to a spokesperson for the Company, Juina plans to proceed with mining operations in Brazil once it gains necessary governmental approvals.
On the other hand, CMKM could now benefit from the Yellow River Mine as a significant shareholder of U.S. Canadian – assuming of course that the mine yields something of value. The value of that mine remains at issue. U.S. Canadian reported in May 2004 that two of its representatives – neither of them a qualified geologist – visited the mine and returned home with samples of gold that had not yet been tested independently. U.S. Canadian conceded at the time that it lacked the financial wherewithal to support the project and that, even if funds could be raised, the Ecuadorian government and other third parties may object to the venture for reasons that include international environmental considerations. The Company now says that Yellow River Gold received a concession for mining gold from the government of Ecuador on August 24, 2004, although the terms of that concession have yet to be released.
Where does Juina presently fall in the CMKM/U.S. Canadian equation?
• U.S. Canadian acquired control of Juina in early 2004. • CMKM has now acquired 49% of the outstanding Juina shares. It is not clear whether those shares came directly from Juina, from U.S. Canadian, or elsewhere. • U.S. Canadian has obtained Juina's interest in the Yellow River Mine. • Minera Nevada (in partnership with CMKM) is completing "obligations" to U.S. Canadian and Yellow River Mine. • Juina is planning to mine for gold and/or other minerals in Brazil if and when it gains permission.
And investors are still awaiting a discovery that will generate substantial revenues for any of these companies.
Could They Be Laying a Pysanka? Add St. George Metals, Inc. to the roster of obscure companies entwined in the CMKM/U.S. Canadian mix. St. George, which trades on the Pink Sheets (Pink Sheets: SGGM) announced in October 2002 that it had "no continuing ongoing business operations." The Company's Form 10-Q report for the period ended October 31, 2002 confessed that it's "financial resources have been substantially exhausted." As of January 31, 2002, the date of the last audited financial statement filed by the Company, St. George had no money.
When it was last heard from – or at least at the time of its last public filing in November 2002 – St. George, a Nevada corporation, maintained its offices in Alexandria, Virginia. The Company, which had abandoned its mining operations and appointed a new set of directors (Joseph Meuse, Gary Meuse and Barry Martelli) who it hoped would "be able to propose a combination of the Company with another business entity that could possibly result in a return of some shareholder value to the shareholders of the Company." Joseph Meuse, an investment consultant and licensed stock broker, was identified as the Company's new Chairman.
St. George now has resurfaced, with a different home – and apparently a different set of characters. The Company is now located in the town of Vegreville, in Alberta, Canada. Vegreville, with a population of 5,376, is best known as the home of the world's largest Pysanka, a Ukrainian Easter Egg.
The Company also has new management. The National Quotation Bureau identifies Mark Giebelhaus as the President of St. George. We have not discovered any public information detailing the transition from the Meuse group to Mr. Giebelhaus, describing Mr. Giebelhaus's professional background, or indicating the identities of any other members of the St. George management team.
St. George ceased filing public reports in November 2002, joining CMKM and Juina as non-reporting public companies whose financial status remains hidden from the public. Somehow, that has not dissuaded investors from purchasing St. George shares – or CMKM from tagging St. George as another business partner.
On September 2, 2004, CMKM announced that St. George had agreed to acquire 5% of CMKM's mineral claims in exchange for $10 million and 200 billion restricted shares of St. George stock. CMKM said that St. George had already paid the first $2.5 million installment and that a second $2.5 million payment was anticipated by October 2nd. Indeed, CMKM announced receipt of the second $2.5 million payment on September 13th, the third $2.5 million payment on September 22nd, and the final $2.5 million payment on September 28th.
CMKM offered no insight into St. George's sudden ability to dole out millions of dollars. As we noted earlier, when last heard from, St. George was in dire financial straits, and there has been no public information that would indicate a dramatic turnaround. Indeed, on October 15, 2004 St. George issued a press release suggesting that it still is struggling to ramp up operations. The announcement certainly would not encourage investors to conclude that St. George is on the brink of success. Instead, it revealed that St. George:
• Had retained a mining consultant, but had yet to assign him any work, and could not be certain that any fruitful mining claims would be forthcoming; • Is considering exploration in Northern Arizona, but has not entered into any contracts; • Is seeking a new Board of Directors and Board of Advisors but had not yet identified any candidates; and • Was continuing negotiations with CMKM – but gave no indication of how those talks might position the Company.
So where did St. George get $10 million to invest since the Company does not reveal the existence of any operations that would generate those funds? Does that mean St. George raised the money by selling shares, and, if so, to whom? The Company has not issued any information detailing the source of those funds – or explaining why it valued 5% of CMKM's unproven mining claims at $10 million.
Then there is this – which should not be lost in the glow of St. George's $10 million investment. St. George would now appear to be a subsidiary of CMKM. According to the National Quotation Bureau, as of September 6, 2004, 16.9 million shares of St. George common stock had been issued. That same month, CMKM said it would receive 200 billion St. George shares as part of the $10 million deal. That would leave CMKM holding 99.99% of the outstanding St. George shares.
There are other elements that suggest the underpinnings of a close working relationship between the two companies. St. George identifies its investor relations representative as Vickie Curran. As recently reported by Stockwatch, an Internet publication headquartered in Vancouver, Canada, Ms. Curran's father is Victor Casavant, Urban Casavant's brother. According to Stockwatch, Ms. Curran says that Victor Casavant has no role at St. George. As for Urban Casavant – with CMKM holding a controlling interest in St. George, his involvement would appear to be considerable.
St. George may barely exist as an operating entity, but that has not deterred investors in the wake of the CMKM announcements. On September 1, 2004, St. George stock closed at a price of one cent a share, on volume of 500 shares. On September 8th, shares prices hit 75 cents and over 653,000 shares were traded. Volume continued to increase, to 2.4 million shares on September 9th and over 1 million on September 10th. Shares have continued to trade at prices ranging from 23 cents to 50 cents, although by October 21st they had dipped to 28 cents a share. Of course, even that seems high for a Company which seems to be starting over – at best.
Shaking the Money Tree For the past several months U.S. Canadian has been bubbling with enthusiasm about the imminent appearance of a white knight which would alleviate the Company's financial woes. On August 19, 2004 the Company announced that it had agreed to swap $9,005,355 of U.S. Canadian common stock for shares of a newly-formed London, England-based investment company that had been formed to invest in United States micro cap companies.
According to U.S. Canadian, the investment company planned to apply for its shares to be traded on the London Stock Exchange. The deal provided that the U.S. Canadian shares issued to that investment company would be "locked up," and therefore could not be traded for two years. On the other hand, fifty percent of the investment company shares issued to U.S. Canadian could be forfeited, in whole or in part, if the price of U.S. Canadian shares dropped during the lockup period.
U.S. Canadian was so enthusiastic about the prospects of this transaction that it issued virtually the same press release before the stock market opened for trading the next day. It did not, however, file a Form 8-K with the SEC describing the transaction and making public the underlying documents. U.S. Canadian certainly is familiar with Form 8-K, having filed nine of those forms since May 2004 to report such sundry developments as transactions involving CMKM and the Yellow River Mine and the replacement of the Company's accountants.
On October 5th, U.S. Canadian announced that it would release a timetable for its new funding within a few days. The following day U.S. Canadian identified the financier as Langley Park Investment Trust Plc and said that Langley shares would begin trading on the London Stock Exchange on October 7th. Then, on October 8th, the Company declared that Langley shares had begun to trade, thereby triggering the time schedule for funding U.S. Canadian.
What was that time schedule? The Company did not say, and still has not filed a Form 8-K reflecting its terms.
U.S. Canadian is not the only U.S.-based company to have announced a stock swap arrangement with Langley Park. At least four other U.S. over-the-counter companies have disclosed similar transactions: Direct View, Inc. (OTCBB: DRVW); Consolidated Energy & Technology Group, Inc. (Pink Sheets: CGGE); Galaxy Minerals, Inc. (OTCBB: GAXY); iMedia International, Inc. (Pink Sheets: IMNL); IVI Communications, Inc. (Pink Sheets: IVCM); and Material Technologies, Inc. (OTCBB:MTNA).
Galaxy Minerals has filed a Form 8-K with the SEC, including a copy of its agreement with Langley. While there can be no certainty that the terms of that agreement are identical to those between U.S. Canadian and Langley, the Galaxy transaction does offer some food for thought. The Galaxy shares were sold to Langley pursuant to Regulation S, which permits the sale of unregistered shares to non-U.S. citizens. Regulation S shares may not be sold back into the U.S. market for one year, but, under ordinary circumstances they can be sold immediately outside of the U.S. In this case Galaxy, like U.S. Canadian, has entered into a two year lockup agreement with Langley. Galaxy may, however, consent to release its shares from that lockup at any time.
If the U.S. Canadian shares were issued to Langley under Regulation S – as seems likely – and if U.S. Canadian has the right to release the lockup before the end of two years, those shares also could find their way into the marketplace in far less than two years.
Meanwhile, Langley is predicating its net asset value on the current market prices of its "portfolio" companies – which could prove dicey considering the untested nature, and uncertain financial future, of many over-the-counter companies.
Meanwhile, Langley's U.S. Canadian holdings now have multiplied threefold. On October 27th, U.S. Canadian completed a three for one forward split of its common shares.
U.S. Canadian stock prices have been soaring in recent weeks even though the Company has not reported any revenues in 2004 and had merely $1,321 in the bank as of June 30, 2004. Have investors bought into the promise of the as yet unproven U.S. Canadian/CMKM alliance? Or is the prospect of Langley stock driving U.S. Canadian's share price? The reason for the surge may be elusive, but U.S. Canadian shares, which were selling for $4.70 on September 30, 2004 (on volume of less than 9,000 shares) reached a price of $18.75 a share on October 12th, as over 660,000 shares changed hands.
U.S. Canadian's rising stock price created a market capitalization for the Company that is out of proportion to its financial condition and hardly justified by its uncertain prospects. On October 12, 2004, when the share price hit $18.75, at least 16 million shares of U.S. Canadian stock were outstanding – the 8.5 million shares issued as of June 30th and the $7.5 million shares given to CMKM in July. That does not include the shares issued to Langley, which may or may not have been distributed at the time. Based solely on those 16 million shares, with the stock priced at $18.75, U.S. Canadian had a market value of approximately $300 million.
And $1,321 in cash – at least according to the most recent public filing.
Uranium or Mine? CMKM recently extended one of its partnerships, this time with United Carina Resources, one of its joint venture partners in the quest for diamonds in Saskatchewan which, thus far, appears to have uncovered two diamond particles weighing an aggregate of .000005 carats.
On October 8, 2004, CMKM announced that it had entered into an agreement with United Carina under which it could earn a 50% interest in "recently acquired uranium properties" in Saskatchewan in exchange for payments totaling $1.45 million.
The October 8th press release maintains that "a substantial amount of exploration has been carried out on these properties in the past" and notes that the targeted area is within 30 kilometers of known uranium deposits – but 30 kilometers, otherwise known as 18.6 miles, sounds like a considerable distance. CMKM goes on to describe the nature of mineral deposits in the area, a reference that offers no indication that valuable, revenue producing uranium has been discovered on the property under exploration by United Carina.
The uranium announcement, like many of the other press releases issued by this group of companies, is long on promise and short on substance. And while investors have had access to financial details about several of these entities – namely U.S. Canadian, United Carina, and Consolidated Pine Channel Gold – information about CMKM, Juina and St. George ranges from scarce to non-existent.
That may change if, as promised, CMKM resumes filing public reports. That, at least, is the buzz from the Company and its proponents on Internet Message Boards. CMKM's press releases have repeatedly referred to the Company's retention of an experienced securities attorney, Roger Glenn, and fans of the Company have convinced themselves, and one another, of the significance of Mr. Glenn's role as a prelude to becoming a reporting company. Indeed, a CMKM press release issued on September 24, 2004, quoted Mr. Glenn as saying that "[t]he company's accountants are working to complete the audit of the company's financial statements. When that has been accomplished, the company will be well on its way to becoming a reporting company again."
Neither Mr. Glenn nor CMKM has identified those accountants, but they could face a daunting task when you consider the number of other public companies in which CMKM now seems to hold a controlling interest - U.S. Canadian; Juina; St George. Does CMKM intend to consolidate its financial statements with one or more of those companies. That could pose a problem since Juina and St. George are public companies that do not file audited reports.
On the other hand, if CMKM's revenues rival those of its joint venture partners, the calculations could be simple.
X Factors The television program "X Files" developed a following of devoted fans who tuned in each week (and paid their way into the movies) hoping, sometimes expecting, to find answers to the lingering questions that formed the show's fabric. Followers of CMKM – which trades on the Pink Sheets as CMKX – have set out on a similar journey – occasionally positing their own answers to questions, despite the paucity of information emanating directly from the Company.
The CMKM bandwagon has been ably assisted by a group of promoters and proponents who spread the word through e-mails, reports, and a litany of mind-numbing messages posted on Internet Message Boards like Raging Bull. An Internet tout named Harold (Hal) Engel, who calls himself Willie Wizard, has been one of the Company's most prolific supporters, sending out dozens of e-mails regurgitating CMKM press releases and recommending the stock. Engel recently invited his readers to attend a "Shareholders' Appreciation Party" in Las Vegas later this month honoring CMKM and U.S. Canadian.
Earlier this year the SEC charged Engel with violating federal securities laws by selling unregistered shares of Energy & Engine Technology Corp. that he had received for his promotional services. At the time, the SEC found that
Engel fails to provide any assurances against future violations. Further, Engel is in the practice of entering into arrangements with issuers that are similar to the one he entered into with Energy & Engine. Engel states that from 'time to time [he] is approached and asked to assist in building a corporate image by allowing the company to advertise on his website.'…Engel's submissions also indicate that it is not atypical for him to receive payment in securities from these companies.
Since Engel seemed determined to continue his promotional activities, and would therefore have ample opportunity to violate the securities laws again in the future, in May 2004 an Administrative Law Judge ordered him to cease and desist from future violations.
By June 2004 Engel was hyping CMKM - and admitting that he had purchased 725 million shares of the Company's common stock.
He was not alone. That same month a promoter operating a website and newsletter service called Explosive Stock Picks. Com, or ESP, began beating the drum for CMKM. Explosive Stock Picks said it owned 5.7 million shares of CMKM common stock, which had been purchased in the open market. [Note: On January 23, 2005, StockPatrol.com received an email from Equity Bridges Financial Relations, the publisher of Explosive Stock Picks, stating that the publisher continued to hold all of his shares of CMKM, that he has continued to buy more shares, and that "there is nothing hyped in my profile. Pink sheet stocks are speculation."]
The CMKM boosters soon were joined by The Green Baron Report, published by Evergreen Marketing, which repeatedly has called CMKM "The Stock Play of a Lifetime." The Green Baron is a vocal proponent of CMKM, but its website does not indicate whether this particular fan of the Company holds any CMKM shares.
These CMKM proponents have been ably assisted by a flock of true-believers who spend hours pumping the Company's prospects in online forums available on Raging Bull, PalTalk, Investor Hub, and elsewhere on the Internet. But the biggest X Factor driving the CMKM promotion may be one provided by the Company itself – the "CMKXtreme" "funny car," which travels the drag car circuit. CMKM fans apparently gather at these events, soaking up the CMKM vibes and hoping to sniff out tangible information about the Company's mining activities.
So far, however, they seem to be inhaling the same exhaust fumes as the rest of the public.
No doubt, some of the CMKM/U.S. Canadian boosters will dismiss the recent trading halts as a regulatory conspiracy, plot by short sellers, or mere blip on the upward trajectory of the two companies and their venture partners.
On the other hand, some things are even funnier than a funny car.
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Post by imSINGLEruRICH on Sept 23, 2014 8:01:21 GMT -5
Blast from the Past...... CEO & President of Transfer on Line..... Letter sent to the SEC in 2005 . Transfer on line became the transfer agent, for CMKX, I believe in April of 2010....a few months after Al Hodges filed the Bivens suit.
"Get Rid of the DTC"
Lori Livingston, President and CEO of Transfer Online, Inc., said in an interview with The Faulking Truth that the DTC and Market Makers are "perpetuating the entire scam against the companies and their shareholders, who are getting creamed". In her letter to the SEC, sent on Friday, May 27, 2005, she says, "As someone who has been in the transfer agent business for 23 years, I am alarmed by recent developments and trends that all work toward a system of increasing positions on the books and records of corporations in the name of Cede & Co. (nominee name for DTC). As the transfer agent for approximately 300 issuers, I am increasingly contacted by these companies as they seek information regarding the stock ownership in their companies and the underlying trading of those shares in the market."
According to Livingston, "these are not pump and dump scams, many of these companies are legitimate companies whose shares are being manipulated through the buying and selling of counterfeit shares of their stock." In some cases, "'arrangements' are being made between brokerage firms to 'loan' shares from one broker to another to cover short positions at a reduced price," so that the broker who was short to begin with can then "replace the 'borrowed' shares on the open market, as they are able to beat the share price down."
The transfer agent's job is to act as a representative for companies who issue shares, and make certain that all "buy and sells of stock are matched up with each other", in other words, that for every share bought, there is an equal number of shares sold by someone else. Livingston stated, in her letter to SEC Chairman William Donaldson, that in the past, all trades were handled by transfer agents, but that "over the years as the amount of shares held at DTC has increased it has become more and more difficult to determine who owns the shares, who is trading them and if the trading is proper".
Livingston said that "now, millions of shares change hands through the DTC, and the transfer agent for that company has no idea who bought or sold those shares, and that often times, the transfer agent didn't trade a share". She questioned the fairness of a system where transfer agents are closely regulated by the SEC, but where the DTC, who now handles the majority of all trades, is "self-regulating", and where all of their activities take place "behind closed doors, and the transfer agent has no idea what's going on".
"Transfer agents used to do all of this - there's no reason that a brokerage-owned organization should act as a de facto transfer agent." When asked what could be done to fix the system, she said simply, "get rid of the DTC. Let brokers deal directly with the transfer agents. Then, every share bought can be matched up with a share that's sold."
In her letter to SEC Chairman Donaldson, Livingston asked about the millions of extra shares that many of the companies that her firm represents, "Where are these extra shares coming from? Why are there no controls on the number of shares held in the nominee name Cede & Co. (the nominee name for the DTC) vs. the ownership on the books and records of the brokers and why is the company not privy to any information unless it pays whatever fees it is told it must pay by the organizations that control the data? There have been a great deal of new regulatory levels of reporting put on companies (i.e. Sarbanes- Oxley Act compliance), but from where I am positioned in the marketplace that does not address what is a far greater problem for issuers shareholders and the integrity of the markets, and that is, who are their shareholders and how are their shares trading?"
She said that her letter was prompted by her anger over a recent press release from the DTC encouraging the elimination of physical certificates, and by a "DTC rule change that prohibits a transfer agent from representing any company who seeks to withdraw from the DTC system." According to Livingston, "This change effectively leaves companies with no voice or choice in the management of their stock and their ability to have any transparency as to what is actually taking place in the market in regard to their stock."
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