Post by kenshin7 on Nov 14, 2007 11:43:28 GMT -5
FAQ Session #7: November 14, 2007
Q) What has been done in addressing the ETGMF lawsuit? Has an attorney been hired to protect shareholder interest on that front?
The Company has hired the law firm of Getz Prince Wells LLP of Vancouver, BC. There is a filed copy of this firm’s initial appearance on the Company website. CMKM Diamonds, Inc. will file their initial answer to this lawsuit through this firm within a few days.
Q) It is my understanding that the Hurd case was settled. All 14 individuals were fortunate enough to be well paid off. I want to know why, since you were kept in the loop about this lawsuit, that the rest of the shareholders weren't rallied to do the same as those in the Hurd lawsuit?
There was never one penny paid by the company to Mr. Hurd or anyone associated with Mr. Hurd. The Company is not aware of any funds being paid to Hurd or anyone associated with Hurd from any other sources. Anyone that suggests this company paid any money to settle the Hurd lawsuit is not dealing with reality. Such rumors are simply fantasy of the type that has plagued this company and its shareholders for years now. The Company does not have one shred of evidence that would support what you are suggesting. If any shareholder has documented proof that there were any funds paid to Mr. Hurd or anyone claiming to be associated with him, please feel free to send your documents to the Company and we will fully investigate the matter.
Our company attorney spoke to someone who claimed to be associated with Mr. Hurd a few days before Mr. Hurd dismissed his case. We were not surprised the case was dismissed. There were never any discussions of paying money to anyone in that suit. The problems expressed to our attorney by a person claiming to be associated with the plaintiff were personal in nature to the plaintiff.
As the CEO of this company I am duty bound to defend every lawsuit brought against this company and I will continue to do so. Federal and state securities laws severely limit the rights of shareholders to bring suits against a corporation. It is the company’s obligation to go after parties that committed wrongs against the company. The company is suing many parties that are responsible for the problems of the company and the company plans to file more suits in short order. It is hoped that recoveries of assets and damages from third parties will provide funding for the company to continue to exist for the benefit of all shareholders not just a select few.
Q) If Casavant family members, friends and insiders have taken funds from the company, will the IRS be notified?
The Company cannot comment on ongoing investigations. However, the Company believes the IRS is currently investigating many previous actions of former Company insiders.
Q) Do I need to send you a copy of my stock certificate or let you know my position in CMKX? I have 6,000,000 shares of CMKX and the certificate is in my possession. Someone suggested that all stockholders should let you know their positions.
If you have received a physical stock certificate from First Global Stock Transfer for CMKM Diamonds, Inc. stock, the Company already has a record of your holdings. No further action is required at this time. The Company will keep all shareholders informed through the official Company website if there is ever a time when you will need to take any action.
Q) I've been a shareholder in CMKM since 2003.I was wondering if I can sell any of my private stock right now to another individual? I have a cert for one million shares of CMKM and a cert of 250,000 CIM (2003 issue version) and I want to find a buyer for the same. Just wondering if you could let me know if a private sell can be done and the transfer made.
The Company cannot give legal advice concerning this issue. Stock transfers through the Company transfer agent are evaluated on a case by case basis. If you have a transfer request, you can fax the entire details of your request to the Frizzell Law Firm @ 903-595-4383 and someone will get back to you when a decision has been made concerning your request.
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Q) What has been done in addressing the ETGMF lawsuit? Has an attorney been hired to protect shareholder interest on that front?
The Company has hired the law firm of Getz Prince Wells LLP of Vancouver, BC. There is a filed copy of this firm’s initial appearance on the Company website. CMKM Diamonds, Inc. will file their initial answer to this lawsuit through this firm within a few days.
Q) It is my understanding that the Hurd case was settled. All 14 individuals were fortunate enough to be well paid off. I want to know why, since you were kept in the loop about this lawsuit, that the rest of the shareholders weren't rallied to do the same as those in the Hurd lawsuit?
There was never one penny paid by the company to Mr. Hurd or anyone associated with Mr. Hurd. The Company is not aware of any funds being paid to Hurd or anyone associated with Hurd from any other sources. Anyone that suggests this company paid any money to settle the Hurd lawsuit is not dealing with reality. Such rumors are simply fantasy of the type that has plagued this company and its shareholders for years now. The Company does not have one shred of evidence that would support what you are suggesting. If any shareholder has documented proof that there were any funds paid to Mr. Hurd or anyone claiming to be associated with him, please feel free to send your documents to the Company and we will fully investigate the matter.
Our company attorney spoke to someone who claimed to be associated with Mr. Hurd a few days before Mr. Hurd dismissed his case. We were not surprised the case was dismissed. There were never any discussions of paying money to anyone in that suit. The problems expressed to our attorney by a person claiming to be associated with the plaintiff were personal in nature to the plaintiff.
As the CEO of this company I am duty bound to defend every lawsuit brought against this company and I will continue to do so. Federal and state securities laws severely limit the rights of shareholders to bring suits against a corporation. It is the company’s obligation to go after parties that committed wrongs against the company. The company is suing many parties that are responsible for the problems of the company and the company plans to file more suits in short order. It is hoped that recoveries of assets and damages from third parties will provide funding for the company to continue to exist for the benefit of all shareholders not just a select few.
Q) If Casavant family members, friends and insiders have taken funds from the company, will the IRS be notified?
The Company cannot comment on ongoing investigations. However, the Company believes the IRS is currently investigating many previous actions of former Company insiders.
Q) Do I need to send you a copy of my stock certificate or let you know my position in CMKX? I have 6,000,000 shares of CMKX and the certificate is in my possession. Someone suggested that all stockholders should let you know their positions.
If you have received a physical stock certificate from First Global Stock Transfer for CMKM Diamonds, Inc. stock, the Company already has a record of your holdings. No further action is required at this time. The Company will keep all shareholders informed through the official Company website if there is ever a time when you will need to take any action.
Q) I've been a shareholder in CMKM since 2003.I was wondering if I can sell any of my private stock right now to another individual? I have a cert for one million shares of CMKM and a cert of 250,000 CIM (2003 issue version) and I want to find a buyer for the same. Just wondering if you could let me know if a private sell can be done and the transfer made.
The Company cannot give legal advice concerning this issue. Stock transfers through the Company transfer agent are evaluated on a case by case basis. If you have a transfer request, you can fax the entire details of your request to the Frizzell Law Firm @ 903-595-4383 and someone will get back to you when a decision has been made concerning your request.
-Back to Top
