Post by tec1958 on Aug 23, 2007 14:52:18 GMT -5
Frequently Asked Questions
FAQ Session #2: August 23, 2007
Q) Obviously, CMKM Diamonds Inc. is not financing all this legal activity from “just” the $500+ dollars in the company’s checking account. Please answer in detail: Where is the money from that is financing all salaries, rents, leases, lawyer fees, court costs and any other cost CMKM has had to pay at this time?
All litigation costs and expenses are being handled by Bill Frizzell with an agreement that all costs and expenses will be repaid by the Company when the Company is able to do so. Kevin West is being paid by CMKM a minimal salary from funds being loaned to the Company from various sources. All office administrative costs are being paid from these same funds.
The Company will not disclose its specific fee arrangements with the attorneys it has hired. Such information is highly confidential and could be used in many ways to harm the legal efforts of the Company. Contractual arrangements between corporations and their attorneys are not proper matters for general public knowledge. It is fair to say that some attorneys are working on an hourly basis, some are working on a contingency basis and some are working on a combination of hourly fees and some contingent fees.
This company has received substantial contributions from shareholders since the financial plight of the Company and Mr. West has been made public. There are shareholders who have substantial investments in CMKM. Several of these shareholders have agreed to fund any and all legal efforts if needed.
Q) Is Robert Maheu is still involved in any form with CMKM Diamonds Inc and is current management still in contact with Mr. Maheu, Urban Casavant and/or Donald Stoecklein?
Mr. Maheu is no longer involved with CMKM Diamonds, Inc. in any way. Kevin West and Bill Frizzell have requested cooperation from prior management seeking both financial assistance and company records. Prior management and previous company attorneys refuse to produce records or offer assistance in any way to Mr. West.
Q) What tangible assets does CMKM have on hand at this time and what are the results of the core samples viewed by Mr. West?
The Company presently owns a certificate for 45 million shares of Entourage Mining. This certificate remains whole and is the only tangible asset belonging to the company at this time. When the core samples were viewed by Mr. West, there was not a geologist present as promised to give any opinions of the sample. Emerson Koch explained to Mr. West that no testing had been done on the core samples. The Company has no knowledge of what value, if any, can be placed on the claims that are currently held by Mr. Koch and contracted to Entourage Mining.
Q) Is it possible to give a rough timeline for the company to return to trading?
There are too many variables to give any timelines for the Company to return to trading status. We are diligently working on several litigation matters, reconciling of books from the past 4+ years and other matters that pertain to bringing value back into the Company.
Q) Can you please try to address the rumors being sent around by people on talk shows and chat rooms regarding some big deal of selling part of the company way back that will now result in some sort of payout to stock holders? Someone using the name "acca" has been on the air and talk shows and chat rooms claiming to be an employee of either Casavant or his attorney and is reporting such payouts are virtually in the mail. If these rumors are nothing but cruel rumors and have no basis in fact, please say so in no uncertain terms so as to try to eliminate the false hopes being dashed over and over again. Once again, thank you for all you do, but to address these rumors once and for all would do wonders for us suffering endlessly.
The Company sincerely hopes that all shareholders will soon realize there are no distributions pending for the shareholders or anyone else. The Company regrets the lies and promises coming from several individuals about such distributions. The Company believes that it will return to trading status.
Q) Can you advise at this point whether or not our CIM dividend stock will have/does have any value at this point or in the future when CMKX begins to trade again?
Casavant International Mining Corporation (CIM) was revoked on 2-01-07 and the last known officers were Ron Casavant and Michael Williams. Mr. Williams is presently a defendant in a lawsuit initiated by CMKM. The zinc claims that purportedly belonged to CIM were sold through a series of transactions in January of this year to Golden Arch Resources.
These claims are mentioned in several press releases by Golden Arch Resources beginning in January of 2007 with a more recent one on June 18, 2007. CMKM never received any monies or other compensation from this transaction even though these claims were contracted as part of the Entourage Mining deal. No records have been provided to new management regarding CIM or the lost investments of CMKM in the zinc claims.
Q) Could you advise if Entourage shares will be issued to current stockholders in the future or has the plan been abandoned? Also, what happened to the Interpleader for these Entourage shares which was being worked on for so long?
The Company is concerned about all aspects of the contracts with Entourage Mining. Former Company attorney, Don Stoecklein, described this distribution as a wind up distribution. If the Entourage distribution was a “wind up” distribution, such a transaction requires a shareholder vote according to Nevada statutes. CMKM was a Nevada Corporation at that time. There was no shareholder vote. Thus, the legality of such distribution is in question.
The legal fees for the filing of the interpleader were paid to John T. Moran III according to prior management. Mr. Moran’s last advice to the Company was to file bankruptcy and he did not file the interpleader. No explanation has been given to Mr. West as to why the interpleader was not filed.
Q) What is the status of Susanne Trimbath's evaluation of the Naked Short Position of the Company thus far?
Susanne Trimbath continues her work on our shareholder audit. The naked short situation and the delivery failures are not a primary concern of management at this time. Keeping the Company alive and returning to trading status is the focus of our work.
Q) Was there ever any real effort made to explore for diamonds or was CMKX a scam from the beginning?
We learn more and more about the Company (prior to new management) each time we receive documents from our subpoenas. Money has been paid to Double K Excavating for drilling and obtaining core samples. Aerial surveys were undertaken by the Company. The latter part of the question is still under investigation.
Q) Are the company's current activities delaying or hindering ANY payment to shareholders from any other source?
There is no trust fund or any money set aside for shareholders. There have been rumors of payouts and distributions to shareholders since 2003. After a thorough examination of bank records of all Company accounts and with the assistance of a forensic accountant, there is no evidence of any funds available for the distribution to the shareholders. Our investigation confirms that there has never been a fund set aside for the shareholders.
If there is any factual evidence of any assets belonging to the Company or any evidence of any funds earmarked for the shareholders, you are encouraged to contact Mr. West and the Company will conduct a full investigation.
The lawsuits filed by the Company against former management are based on facts and documents. These lawsuits explain the loss of millions of dollars invested by shareholders into this company.
Q) How do you let the company know of a change of address?
Any change of address for your CMKM stock certificates can be called into 1st Global Stock Transfer @ 702-656-4919. No other notification is needed.
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FAQ Session #1: August 10, 2007
Q) What were the specific reasons for relocating CMKM's corporate registration from Nevada to Texas?
CMKM Diamonds, Inc. was moved from a Nevada domiciled corporation to Texas for the following initial reasons:
It was going to cost in excess of $11,000 for the annual filing due at the end of April, 2007 and the Company was left with no funds to pay such fees.
The Company headquarters is now based in Texas and it makes no sense to leave its domicile in Nevada.
Q) Why hasn't Urban been criminally charged?
This question can only be answered by the law enforcement agencies that are currently investigating this matter. The Company stands ready, willing and able to assist any law enforcement agency with the results of new management’s ongoing investigation.
Q) What is the total number of shares held by Urban and his family?
Although the Company may have not identified all of the Casavant family members as of this date, our current records show that the Casavant family as a whole own less than 10 Billion shares of CMKM Diamonds, Inc. stock. Urban Casavant appears to own 1.2 billion of those shares.
Q) Post the Wells Notice for all shareholders to review.
New Management and legal counsel is currently working with the SEC. Additional time is being allowed for a full response because new management is still acquiring the information needed for such response.
Q) What is the current O/S, and the float? The O/S less the total amount of restricted shares equal the float for the basis of this question.
Since all shares that were issued by the Company, whether they were legally issued or not, are more than 2 years old and the Company is no longer trading…. The total outstanding share count and float count are the same and that figure currently stands at 703,518,875,000.
Q) Can you post Urban’s paperwork showing Urban resigned and transferred power to Kevin?
Not at this time. These documents will be produced in due course through litigation.
The date that the documents were signed was 3-29-07
The time of day was mid-morning during breakfast
Present was Urban Casavant, Ron Casavant and Kevin West
The place was the Carson Street Café at the Gold Nugget Las Vegas Hotel
Right after papers were signed, travel arrangements were made (at the breakfast table) for both Ron Casavant and Kevin West to fly together to Saskatoon to view core samples
Urban Casavant left to head to the airport directly after this meeting to fly home to Saskatoon.
Q) Is there any money to recover from any source whatsoever and what would be the timeframe on recovery?
The current lawsuits explain the Company’s efforts in recovering assets. There are too many variables to give any time frame on recovery.
Q) How many shares are actually NSS?
The Company shareholder audit is ongoing. This question cannot be answered at this time.
Q) Has Bill or Kevin worked with the FBI, IRS, or DOJ regarding criminal activity?
The Company cannot comment about the information that it may be sharing with any law enforcement agencies. Any information or documentation possessed by the Company is available to regulators and law enforcement upon their request.
Q) What is the relationship between Star Uranium and CMKM Diamonds today?
There is absolutely no relationship between CMKM Diamonds, Inc. and Star Uranium or any other company. The former Chairman of this Company signed away any and all rights to claims, JV partnerships and any other possible joint ventures or assets as documented on October 20, 2005 in documents available on this web site.
Q) When the 7 boxes of information appeared who provided this information? Was it one of Urban's original attorneys?
The attorney that provided the 7 boxes of documents was a personal attorney of Urban Casavant.
Q) Does the company plan on requisitioning Roger Glenn's firm to provide an audit on the services provided for $250,000.00?
No. New management has reviewed an itemized bill provided by Mr. Glenn.
Q) When did Kevin West suspect that this company's previous management squandered $200 million of shareholders money?
Mr. West had no documentation of the previous management’s conversion of corporate funds and assets until the boxes of information were received from a personal attorney for Mr. Casavant in April of 2007. This is still an ongoing investigation.
-Back to Top
FAQ Session #2: August 23, 2007
Q) Obviously, CMKM Diamonds Inc. is not financing all this legal activity from “just” the $500+ dollars in the company’s checking account. Please answer in detail: Where is the money from that is financing all salaries, rents, leases, lawyer fees, court costs and any other cost CMKM has had to pay at this time?
All litigation costs and expenses are being handled by Bill Frizzell with an agreement that all costs and expenses will be repaid by the Company when the Company is able to do so. Kevin West is being paid by CMKM a minimal salary from funds being loaned to the Company from various sources. All office administrative costs are being paid from these same funds.
The Company will not disclose its specific fee arrangements with the attorneys it has hired. Such information is highly confidential and could be used in many ways to harm the legal efforts of the Company. Contractual arrangements between corporations and their attorneys are not proper matters for general public knowledge. It is fair to say that some attorneys are working on an hourly basis, some are working on a contingency basis and some are working on a combination of hourly fees and some contingent fees.
This company has received substantial contributions from shareholders since the financial plight of the Company and Mr. West has been made public. There are shareholders who have substantial investments in CMKM. Several of these shareholders have agreed to fund any and all legal efforts if needed.
Q) Is Robert Maheu is still involved in any form with CMKM Diamonds Inc and is current management still in contact with Mr. Maheu, Urban Casavant and/or Donald Stoecklein?
Mr. Maheu is no longer involved with CMKM Diamonds, Inc. in any way. Kevin West and Bill Frizzell have requested cooperation from prior management seeking both financial assistance and company records. Prior management and previous company attorneys refuse to produce records or offer assistance in any way to Mr. West.
Q) What tangible assets does CMKM have on hand at this time and what are the results of the core samples viewed by Mr. West?
The Company presently owns a certificate for 45 million shares of Entourage Mining. This certificate remains whole and is the only tangible asset belonging to the company at this time. When the core samples were viewed by Mr. West, there was not a geologist present as promised to give any opinions of the sample. Emerson Koch explained to Mr. West that no testing had been done on the core samples. The Company has no knowledge of what value, if any, can be placed on the claims that are currently held by Mr. Koch and contracted to Entourage Mining.
Q) Is it possible to give a rough timeline for the company to return to trading?
There are too many variables to give any timelines for the Company to return to trading status. We are diligently working on several litigation matters, reconciling of books from the past 4+ years and other matters that pertain to bringing value back into the Company.
Q) Can you please try to address the rumors being sent around by people on talk shows and chat rooms regarding some big deal of selling part of the company way back that will now result in some sort of payout to stock holders? Someone using the name "acca" has been on the air and talk shows and chat rooms claiming to be an employee of either Casavant or his attorney and is reporting such payouts are virtually in the mail. If these rumors are nothing but cruel rumors and have no basis in fact, please say so in no uncertain terms so as to try to eliminate the false hopes being dashed over and over again. Once again, thank you for all you do, but to address these rumors once and for all would do wonders for us suffering endlessly.
The Company sincerely hopes that all shareholders will soon realize there are no distributions pending for the shareholders or anyone else. The Company regrets the lies and promises coming from several individuals about such distributions. The Company believes that it will return to trading status.
Q) Can you advise at this point whether or not our CIM dividend stock will have/does have any value at this point or in the future when CMKX begins to trade again?
Casavant International Mining Corporation (CIM) was revoked on 2-01-07 and the last known officers were Ron Casavant and Michael Williams. Mr. Williams is presently a defendant in a lawsuit initiated by CMKM. The zinc claims that purportedly belonged to CIM were sold through a series of transactions in January of this year to Golden Arch Resources.
These claims are mentioned in several press releases by Golden Arch Resources beginning in January of 2007 with a more recent one on June 18, 2007. CMKM never received any monies or other compensation from this transaction even though these claims were contracted as part of the Entourage Mining deal. No records have been provided to new management regarding CIM or the lost investments of CMKM in the zinc claims.
Q) Could you advise if Entourage shares will be issued to current stockholders in the future or has the plan been abandoned? Also, what happened to the Interpleader for these Entourage shares which was being worked on for so long?
The Company is concerned about all aspects of the contracts with Entourage Mining. Former Company attorney, Don Stoecklein, described this distribution as a wind up distribution. If the Entourage distribution was a “wind up” distribution, such a transaction requires a shareholder vote according to Nevada statutes. CMKM was a Nevada Corporation at that time. There was no shareholder vote. Thus, the legality of such distribution is in question.
The legal fees for the filing of the interpleader were paid to John T. Moran III according to prior management. Mr. Moran’s last advice to the Company was to file bankruptcy and he did not file the interpleader. No explanation has been given to Mr. West as to why the interpleader was not filed.
Q) What is the status of Susanne Trimbath's evaluation of the Naked Short Position of the Company thus far?
Susanne Trimbath continues her work on our shareholder audit. The naked short situation and the delivery failures are not a primary concern of management at this time. Keeping the Company alive and returning to trading status is the focus of our work.
Q) Was there ever any real effort made to explore for diamonds or was CMKX a scam from the beginning?
We learn more and more about the Company (prior to new management) each time we receive documents from our subpoenas. Money has been paid to Double K Excavating for drilling and obtaining core samples. Aerial surveys were undertaken by the Company. The latter part of the question is still under investigation.
Q) Are the company's current activities delaying or hindering ANY payment to shareholders from any other source?
There is no trust fund or any money set aside for shareholders. There have been rumors of payouts and distributions to shareholders since 2003. After a thorough examination of bank records of all Company accounts and with the assistance of a forensic accountant, there is no evidence of any funds available for the distribution to the shareholders. Our investigation confirms that there has never been a fund set aside for the shareholders.
If there is any factual evidence of any assets belonging to the Company or any evidence of any funds earmarked for the shareholders, you are encouraged to contact Mr. West and the Company will conduct a full investigation.
The lawsuits filed by the Company against former management are based on facts and documents. These lawsuits explain the loss of millions of dollars invested by shareholders into this company.
Q) How do you let the company know of a change of address?
Any change of address for your CMKM stock certificates can be called into 1st Global Stock Transfer @ 702-656-4919. No other notification is needed.
-Back to Top
FAQ Session #1: August 10, 2007
Q) What were the specific reasons for relocating CMKM's corporate registration from Nevada to Texas?
CMKM Diamonds, Inc. was moved from a Nevada domiciled corporation to Texas for the following initial reasons:
It was going to cost in excess of $11,000 for the annual filing due at the end of April, 2007 and the Company was left with no funds to pay such fees.
The Company headquarters is now based in Texas and it makes no sense to leave its domicile in Nevada.
Q) Why hasn't Urban been criminally charged?
This question can only be answered by the law enforcement agencies that are currently investigating this matter. The Company stands ready, willing and able to assist any law enforcement agency with the results of new management’s ongoing investigation.
Q) What is the total number of shares held by Urban and his family?
Although the Company may have not identified all of the Casavant family members as of this date, our current records show that the Casavant family as a whole own less than 10 Billion shares of CMKM Diamonds, Inc. stock. Urban Casavant appears to own 1.2 billion of those shares.
Q) Post the Wells Notice for all shareholders to review.
New Management and legal counsel is currently working with the SEC. Additional time is being allowed for a full response because new management is still acquiring the information needed for such response.
Q) What is the current O/S, and the float? The O/S less the total amount of restricted shares equal the float for the basis of this question.
Since all shares that were issued by the Company, whether they were legally issued or not, are more than 2 years old and the Company is no longer trading…. The total outstanding share count and float count are the same and that figure currently stands at 703,518,875,000.
Q) Can you post Urban’s paperwork showing Urban resigned and transferred power to Kevin?
Not at this time. These documents will be produced in due course through litigation.
The date that the documents were signed was 3-29-07
The time of day was mid-morning during breakfast
Present was Urban Casavant, Ron Casavant and Kevin West
The place was the Carson Street Café at the Gold Nugget Las Vegas Hotel
Right after papers were signed, travel arrangements were made (at the breakfast table) for both Ron Casavant and Kevin West to fly together to Saskatoon to view core samples
Urban Casavant left to head to the airport directly after this meeting to fly home to Saskatoon.
Q) Is there any money to recover from any source whatsoever and what would be the timeframe on recovery?
The current lawsuits explain the Company’s efforts in recovering assets. There are too many variables to give any time frame on recovery.
Q) How many shares are actually NSS?
The Company shareholder audit is ongoing. This question cannot be answered at this time.
Q) Has Bill or Kevin worked with the FBI, IRS, or DOJ regarding criminal activity?
The Company cannot comment about the information that it may be sharing with any law enforcement agencies. Any information or documentation possessed by the Company is available to regulators and law enforcement upon their request.
Q) What is the relationship between Star Uranium and CMKM Diamonds today?
There is absolutely no relationship between CMKM Diamonds, Inc. and Star Uranium or any other company. The former Chairman of this Company signed away any and all rights to claims, JV partnerships and any other possible joint ventures or assets as documented on October 20, 2005 in documents available on this web site.
Q) When the 7 boxes of information appeared who provided this information? Was it one of Urban's original attorneys?
The attorney that provided the 7 boxes of documents was a personal attorney of Urban Casavant.
Q) Does the company plan on requisitioning Roger Glenn's firm to provide an audit on the services provided for $250,000.00?
No. New management has reviewed an itemized bill provided by Mr. Glenn.
Q) When did Kevin West suspect that this company's previous management squandered $200 million of shareholders money?
Mr. West had no documentation of the previous management’s conversion of corporate funds and assets until the boxes of information were received from a personal attorney for Mr. Casavant in April of 2007. This is still an ongoing investigation.
-Back to Top
