Owner
Post by Franko10 ™ on Apr 5, 2005 16:17:55 GMT -5
CMKX: Who is Making Money on CMKX?
Some conscientious readers sent us emails asking
some very good questions that we felt should be
addressed to the entire CMKX body of shareholders.
These questions are very apropos for today's CMKX
investor. First, let me share with you one email that
we received.
"From: CMKX Shareholder
To: info@zoomingstocks.com
Subj: CMKX
Why is it that everyone else makes the money here,
it seems the owners of CMKX and theirs are doing
well, the naked shorters are doing well, but the
stockholders are suffering? Can't the company do
anything to stop the naked shorting and force a
short squeeze?
I myself am not wealthy but I put all my daughter
and I have into this company weeks after it started
reporting as a diamond mining company in early
2003. It shows such promise. And what is with the
stocks they passed out that aren't really stocks at
all but more like IOU's? Who is going to coach us
into how to grow our own company and let the naked
shorters be squeezed? What is the best strategy for
that?
Is the attorney hired by the investors to protect
them from the SEC a good idea? Should we all be
sending in our twenty five dollars? I am not sure
what is going on. I do like that you mentioned it is
the stock play of the century but you did fail to tell
us which century.
Virginia
Stockholder of CMKX"
Where's the Beef?
As you can see one of the primary issues is "Who is
making money here?" I also want to ask that
question and see if we can arrive at some answers.
In the case of the CMKX Owner's making money and
doing well, I have doubts about that. The CMKX
Management is expending money's for drilling
operations, attorneys, the CMKXtreme Machine and
other racing ventures. Based on common knowledge
and the things we know about CMKX there is no
revenue stream coming into the company.
They have a high monthly burn-rate because of
ongoing activities and no money coming in that has
been reported. They have yet to issue any reports
about the sale of property, diamonds or anything.
Therefore, it is difficult to believe that they are
making any money.
Additionally, a company only makes money on their
initial entry into the market. This means an Initial
Public Offering or a Reverse Merger into the market
through a shell, which is what CMKM Diamonds did a
couple of years ago when they bought the CMKI
shell. Subsequent sale of stock is in the market and
only market makers and brokers make money from
the transactions. Therefore, CMKX has not made any
money on the sale of stock in the market since on or
about September 2002.
The naked shorters, if they in fact exist, of course
are making money as would be any market makers
involved in shorting CMKX. At this time other than
events reported in the past year concerning the
O'Quinn Task Force and other articles concerning
known market maker activity, we in fact know very
little about who is actually behind this egregious act.
To acknowledge the severity of what is going on with
naked short selling, naked short selling in many
opinions, is a term that legitimizes an act
of "thievery" perpetrated by institutions that have
been tasked with the care and feeding of our
economy. The abuse on the "stock borrow program"
to naked short Pink Sheet and OTCBB stocks should
be acknowledged as being more serious that it is
being made out to be.
A shareholder from Canada wrote to us, responding
to our recent press release and had this to say:
"Just one comment - the words naked shorting
means nothing to the general public. I see the SEC
and Donaldson using the word shorting in front of
senators to try to fool them. Let's start calling this
what it is "Share counterfeiting." Counterfeiting
has a solid ring to it and the public needs to
understand it is wrong."
The reader's comment puts things in perspective. It
is illegal to counterfeit U.S. currency but not illegal
to counterfeit stock shares which is representative
of "investor money". Basically, it appears that they
are walking away with the money and leaving the
investor holding a "bogus" piece of electronic paper
that says they own stock in a company when they
really do not. What is wrong with this picture!
Counterfeiting is counterfeiting and stealing is
stealing. When is it going to end?
This begs the question, "What can the company do
about the "share counterfeiting" and how can they
force a short squeeze?" What does it take to force
a "short squeeze" and can CMKX do anything about
it with such a huge share structure? There are many
ways to accomplish a short squeeze and the opinions
vary from investor to investor. The problem we are
experiencing is beyond anything that any of us can
conceive. The only way to correct this problem is on
a large scale. Our government, (The SEC), will
actually have to step up to the plate in support of
investors to correct the problem. Regulation SHO has
so much promise, but has yet to be enforced to the
point where anyone (institutions) has had to pay the
price for these crimes. It is time for the SEC to
enforce Regulation SHO and protect the individual
investor and the companies that are trying to live
out their dreams of being successful public
companies.
Where are the Divys?
Our first responder also alluded in the email about the
U. S. Canadian Minerals, (USCA), Juina Mining
Company, (GEMM) and Casavant International Mining,
(no symbol), dividends that were received some
months ago. Are they in
fact "IOU's", "placeholders", "frames", call it what
you will, but did investors actually receive a
dividend? That question is still "up in the air" as are
many of the issues that we face today as CMKX
investors. I am certain that CMKX shareholders would
love a response from the company on what in fact
transpired with these dividends and how do they fit
in the overall strategy to increase shareholder value.
And what about the second GEMM dividend that was
announced to shareholders but was never received?
That is a question for the U.S. Canadian Minerals,
Juina Mining Company folks to address. However,
CMKM Diamonds should be seeking those answers for
their shareholders who have been kept waiting.
Mass Representation by an Attorney?
Our reader asked the question "Is the attorney hired
by the investors to protect them from the SEC a
good idea? Should we be sending in our twenty five
dollars?" Of course, shareholders need to do what
they are comfortable doing, especially if it means
that they have to pay money for it. Will the
shareholders see any value from the contribution to
the cause? That remains to be seen because each
person will evaluate the process differently. Is it
worth the money to be represented and will it
accomplish anything? The administrative hearing is
for CMKM management to present evidence to
support their failure to provide periodic filings in
accordance with SEC regulations and resolve some
other matters dealing with governance issues. Is
this the appropriate time for shareholders to be
stepping in and possibly complicating the hearing by
requesting to be represented? The only time
that the shareholders interests will be considered is
during the deliberations where it will be determined if
suspension or revocation is in order. During the rest
of the proceedings the shareholders will not have any
reason to be represented.
Shareholders at large are feeling powerless and feel
that the SEC representing them as a "protector" of
the people is ineffective. If their aim is to protect
investors, then how will suspending the company's
trading or revoking their securities help or benefit the
shareholder? It does not appear that there would be
benefit to the shareholder if this were to happen.
The SEC does not seem to have any control of the
counterfeiting of shares. The fact that millions of
investors, and thousands of companies are
getting "ripped off" is evidence of the SEC's lack of
control. Yet the SEC claims to be protecting the
investor from companies that they feel are not
compliant with regulations put in place for the
protection of the individual investor. Kind of hard to
get our arms around that one, however, we need to
let our justice system work and let CMKX
management have their "day in court" to present
their case and continue making progress towards
correcting the problems of the past.
In answer to the question of paying $25.00, that is
an individual decision each investor will have to make
and live with. Some investors feel that it is worth
investing the money while others feel that
shareholders will only be assisting the initial client
defray his attorney fees by having other investors
contribute. In the end it remains an individual
decision.
Stock Play of the Century?
Which century you say? Well we certainly hope that
it is this century, this year, and this month that
investors receive "full disclosure" as a result of the
administrative hearing. Many CMKX shareholders will
be attending the hearing and will get the word out
quickly as to the resolution of these issues.
"Yes, Virginia there is a Santa Clause". He lives in
your heart; he thrives on your faith and survives in
the support that you are willing to give.
Join the Zoom Generation - rs6.net/tn.jsp?t=mznthcbab.0.zbxn9a44.8rorj6n6.181&p=http%3A%2F%2Fwww.zoomingstocks.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Andrew Hill
Shareholders are encouraged to contact and
establish a rapport with CMKM Diamonds, Inc.
Andrew "Andy" Hill is the "official" spokesperson for
CMKM Diamonds and has established himself as
credible and experienced in the conveying the
company's progress to investors.
Mr. Hill can be reached at the CMKM Diamonds
Hotline at 1-877-752-3755.
Some conscientious readers sent us emails asking
some very good questions that we felt should be
addressed to the entire CMKX body of shareholders.
These questions are very apropos for today's CMKX
investor. First, let me share with you one email that
we received.
"From: CMKX Shareholder
To: info@zoomingstocks.com
Subj: CMKX
Why is it that everyone else makes the money here,
it seems the owners of CMKX and theirs are doing
well, the naked shorters are doing well, but the
stockholders are suffering? Can't the company do
anything to stop the naked shorting and force a
short squeeze?
I myself am not wealthy but I put all my daughter
and I have into this company weeks after it started
reporting as a diamond mining company in early
2003. It shows such promise. And what is with the
stocks they passed out that aren't really stocks at
all but more like IOU's? Who is going to coach us
into how to grow our own company and let the naked
shorters be squeezed? What is the best strategy for
that?
Is the attorney hired by the investors to protect
them from the SEC a good idea? Should we all be
sending in our twenty five dollars? I am not sure
what is going on. I do like that you mentioned it is
the stock play of the century but you did fail to tell
us which century.
Virginia
Stockholder of CMKX"
Where's the Beef?
As you can see one of the primary issues is "Who is
making money here?" I also want to ask that
question and see if we can arrive at some answers.
In the case of the CMKX Owner's making money and
doing well, I have doubts about that. The CMKX
Management is expending money's for drilling
operations, attorneys, the CMKXtreme Machine and
other racing ventures. Based on common knowledge
and the things we know about CMKX there is no
revenue stream coming into the company.
They have a high monthly burn-rate because of
ongoing activities and no money coming in that has
been reported. They have yet to issue any reports
about the sale of property, diamonds or anything.
Therefore, it is difficult to believe that they are
making any money.
Additionally, a company only makes money on their
initial entry into the market. This means an Initial
Public Offering or a Reverse Merger into the market
through a shell, which is what CMKM Diamonds did a
couple of years ago when they bought the CMKI
shell. Subsequent sale of stock is in the market and
only market makers and brokers make money from
the transactions. Therefore, CMKX has not made any
money on the sale of stock in the market since on or
about September 2002.
The naked shorters, if they in fact exist, of course
are making money as would be any market makers
involved in shorting CMKX. At this time other than
events reported in the past year concerning the
O'Quinn Task Force and other articles concerning
known market maker activity, we in fact know very
little about who is actually behind this egregious act.
To acknowledge the severity of what is going on with
naked short selling, naked short selling in many
opinions, is a term that legitimizes an act
of "thievery" perpetrated by institutions that have
been tasked with the care and feeding of our
economy. The abuse on the "stock borrow program"
to naked short Pink Sheet and OTCBB stocks should
be acknowledged as being more serious that it is
being made out to be.
A shareholder from Canada wrote to us, responding
to our recent press release and had this to say:
"Just one comment - the words naked shorting
means nothing to the general public. I see the SEC
and Donaldson using the word shorting in front of
senators to try to fool them. Let's start calling this
what it is "Share counterfeiting." Counterfeiting
has a solid ring to it and the public needs to
understand it is wrong."
The reader's comment puts things in perspective. It
is illegal to counterfeit U.S. currency but not illegal
to counterfeit stock shares which is representative
of "investor money". Basically, it appears that they
are walking away with the money and leaving the
investor holding a "bogus" piece of electronic paper
that says they own stock in a company when they
really do not. What is wrong with this picture!
Counterfeiting is counterfeiting and stealing is
stealing. When is it going to end?
This begs the question, "What can the company do
about the "share counterfeiting" and how can they
force a short squeeze?" What does it take to force
a "short squeeze" and can CMKX do anything about
it with such a huge share structure? There are many
ways to accomplish a short squeeze and the opinions
vary from investor to investor. The problem we are
experiencing is beyond anything that any of us can
conceive. The only way to correct this problem is on
a large scale. Our government, (The SEC), will
actually have to step up to the plate in support of
investors to correct the problem. Regulation SHO has
so much promise, but has yet to be enforced to the
point where anyone (institutions) has had to pay the
price for these crimes. It is time for the SEC to
enforce Regulation SHO and protect the individual
investor and the companies that are trying to live
out their dreams of being successful public
companies.
Where are the Divys?
Our first responder also alluded in the email about the
U. S. Canadian Minerals, (USCA), Juina Mining
Company, (GEMM) and Casavant International Mining,
(no symbol), dividends that were received some
months ago. Are they in
fact "IOU's", "placeholders", "frames", call it what
you will, but did investors actually receive a
dividend? That question is still "up in the air" as are
many of the issues that we face today as CMKX
investors. I am certain that CMKX shareholders would
love a response from the company on what in fact
transpired with these dividends and how do they fit
in the overall strategy to increase shareholder value.
And what about the second GEMM dividend that was
announced to shareholders but was never received?
That is a question for the U.S. Canadian Minerals,
Juina Mining Company folks to address. However,
CMKM Diamonds should be seeking those answers for
their shareholders who have been kept waiting.
Mass Representation by an Attorney?
Our reader asked the question "Is the attorney hired
by the investors to protect them from the SEC a
good idea? Should we be sending in our twenty five
dollars?" Of course, shareholders need to do what
they are comfortable doing, especially if it means
that they have to pay money for it. Will the
shareholders see any value from the contribution to
the cause? That remains to be seen because each
person will evaluate the process differently. Is it
worth the money to be represented and will it
accomplish anything? The administrative hearing is
for CMKM management to present evidence to
support their failure to provide periodic filings in
accordance with SEC regulations and resolve some
other matters dealing with governance issues. Is
this the appropriate time for shareholders to be
stepping in and possibly complicating the hearing by
requesting to be represented? The only time
that the shareholders interests will be considered is
during the deliberations where it will be determined if
suspension or revocation is in order. During the rest
of the proceedings the shareholders will not have any
reason to be represented.
Shareholders at large are feeling powerless and feel
that the SEC representing them as a "protector" of
the people is ineffective. If their aim is to protect
investors, then how will suspending the company's
trading or revoking their securities help or benefit the
shareholder? It does not appear that there would be
benefit to the shareholder if this were to happen.
The SEC does not seem to have any control of the
counterfeiting of shares. The fact that millions of
investors, and thousands of companies are
getting "ripped off" is evidence of the SEC's lack of
control. Yet the SEC claims to be protecting the
investor from companies that they feel are not
compliant with regulations put in place for the
protection of the individual investor. Kind of hard to
get our arms around that one, however, we need to
let our justice system work and let CMKX
management have their "day in court" to present
their case and continue making progress towards
correcting the problems of the past.
In answer to the question of paying $25.00, that is
an individual decision each investor will have to make
and live with. Some investors feel that it is worth
investing the money while others feel that
shareholders will only be assisting the initial client
defray his attorney fees by having other investors
contribute. In the end it remains an individual
decision.
Stock Play of the Century?
Which century you say? Well we certainly hope that
it is this century, this year, and this month that
investors receive "full disclosure" as a result of the
administrative hearing. Many CMKX shareholders will
be attending the hearing and will get the word out
quickly as to the resolution of these issues.
"Yes, Virginia there is a Santa Clause". He lives in
your heart; he thrives on your faith and survives in
the support that you are willing to give.
Join the Zoom Generation - rs6.net/tn.jsp?t=mznthcbab.0.zbxn9a44.8rorj6n6.181&p=http%3A%2F%2Fwww.zoomingstocks.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Andrew Hill
Shareholders are encouraged to contact and
establish a rapport with CMKM Diamonds, Inc.
Andrew "Andy" Hill is the "official" spokesperson for
CMKM Diamonds and has established himself as
credible and experienced in the conveying the
company's progress to investors.
Mr. Hill can be reached at the CMKM Diamonds
Hotline at 1-877-752-3755.
