Owner
Post by Franko10 ™ on Nov 15, 2007 9:28:43 GMT -5
CEO Updates
11-01-07
To all CMKM shareholders:
Many rumors of funds payable to Company shareholders are still circulating. There simply is no truth to these rumors as stated in several statements from the Company up to and including the last FAQ posted on this website on October 30, 2007:
“Lawsuits were filed against former insiders of CMKM in an attempt to recover assets that should have belonged to the Company. There is absolutely no evidence that any monies were ever set aside for some type of distribution to the shareholders. The facts set out in the exhibits to these lawsuits are based on documents the company has obtained since Urban Casavant resigned as CEO of the company. The evidence obtained by the company since March of this year shows millions of dollars that have gone to family members and other insiders and were not spent on the business of the company."
It has come to my attention that the SGGM transaction has been the source of many present rumors suggesting payouts loom for the shareholders. I have on this date posted several documents which we obtained through the discovery process of our lawsuits. The evidence we have obtained indicates the St. George Metals, Inc. transaction with CMKM Diamonds, Inc. was never consummated. There is no evidence that St. George Metals, Inc. exists today for any purpose. The corporate status was revoked on April 1, 2007.
Sincerely,
Kevin West
CEO, President & Chairman
11-01-07
To all CMKM shareholders:
Many rumors of funds payable to Company shareholders are still circulating. There simply is no truth to these rumors as stated in several statements from the Company up to and including the last FAQ posted on this website on October 30, 2007:
“Lawsuits were filed against former insiders of CMKM in an attempt to recover assets that should have belonged to the Company. There is absolutely no evidence that any monies were ever set aside for some type of distribution to the shareholders. The facts set out in the exhibits to these lawsuits are based on documents the company has obtained since Urban Casavant resigned as CEO of the company. The evidence obtained by the company since March of this year shows millions of dollars that have gone to family members and other insiders and were not spent on the business of the company."
It has come to my attention that the SGGM transaction has been the source of many present rumors suggesting payouts loom for the shareholders. I have on this date posted several documents which we obtained through the discovery process of our lawsuits. The evidence we have obtained indicates the St. George Metals, Inc. transaction with CMKM Diamonds, Inc. was never consummated. There is no evidence that St. George Metals, Inc. exists today for any purpose. The corporate status was revoked on April 1, 2007.
Sincerely,
Kevin West
CEO, President & Chairman
