Owner
Post by Franko10 ™ on Dec 28, 2007 8:40:49 GMT -5
CMKX is amending the Edwards/Desemorue lawsuit.
12/24/2007 NTC OF MTN AND MTN FOR LEAVE TO AMEND COMPLAINT/7
Next Hear 01/28/2008 at 09:00 AM For NTC OF MTN AND MTN FOR LEAVE TO AMEND COMPLAINT
This should shed some light to the above:
1. CMKM Diamonds, Inc. vs. Dave Desormeau; John Edwards; Does 1-50; and Roes 1-50
We are currently considering our options in the Edwards/Desormeau lawsuit. We have expended significant funds and made numerous attempts to serve John Edwards at several known addresses. Our investigation continues into the acts of Mr. Desormeau and Mr. Edwards.
2. CMKM Diamonds, Inc. vs. Urban Casavant; The UAJC 2005 Irrevocable Trust; Michael Williams; Deshawn L. Wayne; Brian Dvorak; James Kinney; Ginger Gutierrez; P.A. Holdings, Inc.; Bucko LLC; Does 1-20; and Roes 1-20
In a hearing this week in Las Vegas, Judge Denton granted our motion to enlarge the time to serve the summons and complaint for an additional 90 days. David Koch has submitted an order for the court’s signature and we will post a copy of the order once we have received it from the Court.
We also requested permission to serve the summons and complaint via publication on all parties that have not been served or filed an answer. The judge indicated he was inclined to permit us to do so, he asked that we submit a formal written application. Mr. Koch has agreed to file such application for service by publication.
Bill Frizzell has made contact with an attorney at the Manitoba Commission. Since current management was not involved with the company’s acts which have been alleged in the proceeding being brought by the Manitoba Commission, we have requested certain items from the Manitoba Commission’s file. We will respond appropriately when we receive the requested information from the Commission.
The Company has not filed an official response to the Wells Notice but we are in contact with the SEC regarding the matter. Current management was not involved in the matters being alleged by the commission when the acts occurred. We are acquiring information through various sources so that we can adequately respond to the matters raised in the Wells Notice.
As we have previously discussed, the Company is working diligently to obtain the financial records and company documents which were used to transact hundreds of business and stock deals over the last four years. We have been fortunate to have subpoena power to obtain certain documents and financial records. Some of the records we are requesting are voluminous and because of the large volume, we occasionally receive requests for extensions of time from those parties that receive our subpoenas. Delays often occur through no fault of the company, but the material is vitally important to our efforts to have a set of auditable books. We have discovered many transactions that will need documentation before this company can become compliant. We are succeeding in our efforts to obtain all needed records.
Many shareholders have inquired as to why the Company feels that it is feasible to return to trading with no tangible assets. We are not prepared to guess at what assets the Company may have in the future. Current management knows and understands that the Company will need to have tangible assets and a well structured business plan in order to have any chance of success in the markets. We continue our efforts in this regard.
Sincerely,
Kevin West
CEO & Chairman
12/24/2007 NTC OF MTN AND MTN FOR LEAVE TO AMEND COMPLAINT/7
Next Hear 01/28/2008 at 09:00 AM For NTC OF MTN AND MTN FOR LEAVE TO AMEND COMPLAINT
This should shed some light to the above:
1. CMKM Diamonds, Inc. vs. Dave Desormeau; John Edwards; Does 1-50; and Roes 1-50
We are currently considering our options in the Edwards/Desormeau lawsuit. We have expended significant funds and made numerous attempts to serve John Edwards at several known addresses. Our investigation continues into the acts of Mr. Desormeau and Mr. Edwards.
2. CMKM Diamonds, Inc. vs. Urban Casavant; The UAJC 2005 Irrevocable Trust; Michael Williams; Deshawn L. Wayne; Brian Dvorak; James Kinney; Ginger Gutierrez; P.A. Holdings, Inc.; Bucko LLC; Does 1-20; and Roes 1-20
In a hearing this week in Las Vegas, Judge Denton granted our motion to enlarge the time to serve the summons and complaint for an additional 90 days. David Koch has submitted an order for the court’s signature and we will post a copy of the order once we have received it from the Court.
We also requested permission to serve the summons and complaint via publication on all parties that have not been served or filed an answer. The judge indicated he was inclined to permit us to do so, he asked that we submit a formal written application. Mr. Koch has agreed to file such application for service by publication.
Bill Frizzell has made contact with an attorney at the Manitoba Commission. Since current management was not involved with the company’s acts which have been alleged in the proceeding being brought by the Manitoba Commission, we have requested certain items from the Manitoba Commission’s file. We will respond appropriately when we receive the requested information from the Commission.
The Company has not filed an official response to the Wells Notice but we are in contact with the SEC regarding the matter. Current management was not involved in the matters being alleged by the commission when the acts occurred. We are acquiring information through various sources so that we can adequately respond to the matters raised in the Wells Notice.
As we have previously discussed, the Company is working diligently to obtain the financial records and company documents which were used to transact hundreds of business and stock deals over the last four years. We have been fortunate to have subpoena power to obtain certain documents and financial records. Some of the records we are requesting are voluminous and because of the large volume, we occasionally receive requests for extensions of time from those parties that receive our subpoenas. Delays often occur through no fault of the company, but the material is vitally important to our efforts to have a set of auditable books. We have discovered many transactions that will need documentation before this company can become compliant. We are succeeding in our efforts to obtain all needed records.
Many shareholders have inquired as to why the Company feels that it is feasible to return to trading with no tangible assets. We are not prepared to guess at what assets the Company may have in the future. Current management knows and understands that the Company will need to have tangible assets and a well structured business plan in order to have any chance of success in the markets. We continue our efforts in this regard.
Sincerely,
Kevin West
CEO & Chairman
