Owner
Post by Franko10 ™ on Mar 16, 2005 20:17:01 GMT -5
Lets recap where we are now…..
Ok,.. so we got the news tonight that the SEC is not done with us,.. and lets all be completely honest,.. we knew that was the case,..
Maheu said in the PR that this wasn’t going to happen in the time allocated to report,..
On Feb. 17, 2005, CMKX filed an amended Form 15 to reinstate its reporting obligations under the 34 Act. SEC regulations require CMKX to file, within 60 days after the date of the filing of the amended Form 15, all reports which would have been required had the original Form 15 not been filed. CMKX has not been provided a waiver, "variance" or any other relief by the SEC for complying with the 60-day requirement. In fact, due to the overwhelming number of reports that need to be filed, coupled with the necessary financial statement preparation, CMKX will not be able to comply with the 60-day requirement. Management does not believe the filing of the amended Form 15 had anything to do with the SEC's decision to temporarily suspend trading in its common stock and continues to aggressively do everything within its power to comply with its 34 Act reporting requirements.
So,.. With that said,.. This could very well be a blessing in disguise,.. More or less gives the company some additional time to comply with all the filings,..
The question now becomes is this the plan,.. Meaning do they plan on taking this the whole way,.. File and move on from there,.. Move on by going into another company? Abandon the whole deal completely and start another company,…<br>
We should not forget that the land claims are not in CMKX’s name and that this was done early on for the reason that Urban wanted to protect the claims against hostile take overs and movements in the markets like this maybe.
All land claims had been managed all along through Fort a la Corne Diamond Fields, Inc.
On November 25, 2002 the Company agreed to acquire the Casavant Family Mineral Claims in certain kimberlite deposits located in the Province of Saskatchewan, Canada. The Mineral Claims were held in the name of five companies owned directly and/or beneficially by the Casavant Family and Morgain Minerals, Inc. (a company held by third parties with the claims under option). These companies include Commando Holdings, Ltd., Buckshot Holdings, Ltd., 101010307 Saskatchewan Ltd., 101012190 Saskatchewan Ltd., and 101027101 Saskatchewan Ltd.
In addition, Fort a la Corne Diamond Fields, Inc. acted as the claims and exploration manager for the five companies above, as well as, the claims held by Morgain Minerals, Inc. Each of these companies have agreed to transfer 100% of the Mineral Claims to the Company in accordance with the Mineral Disposition Regulations of Saskatchewan, 1986.
Guess who’s the Fort a la Corne Diamond Fields, Inc. is? Lol,.. Urban.
So I guess what I am saying is no matter what happens,.. no matter where we end up there is a light at the end of the tunnel,..
Urban did not start this to have it crumble to pieces before his feet,.. regardless of what any basher may say,..
Urban did a lot of stuff,.. but pulling the wool over our eyes was not one of them,..
· He has the claims
· He has the support of some 50,000 investors
· He has Maheu
· He has JV’s interlocking beyond anyone can comprehend
· He has a team of securities lawyers,.. a “team” not one
· He has relationships with other companies in the area
So all in all I am not as disappointed as I had been,.. Will we see filings tomorrow? Maybe
Is this a part of the plan? Maybe but I doubt it,.. Can they adapt to it? Heck ya!
My advice if we are trading in the AM,.. (as it appears as though this is not going to affect the trading suspension) please don’t dump,.. For what you got in this,.. Minus the few that I know have put in more then they can chew,.. What do you really have to loose,.. CMKX has already surpassed any entertainment value for my money, and IMHO the Show is just getting started,..
I would not want to be the guy to back IBM into a corner swinging,.. Because you know what the outcome will be… Or at least I do IMHO,.. lol
Staying Strong, Staying Long CMKX all the way,..
Ok,.. so we got the news tonight that the SEC is not done with us,.. and lets all be completely honest,.. we knew that was the case,..
Maheu said in the PR that this wasn’t going to happen in the time allocated to report,..
On Feb. 17, 2005, CMKX filed an amended Form 15 to reinstate its reporting obligations under the 34 Act. SEC regulations require CMKX to file, within 60 days after the date of the filing of the amended Form 15, all reports which would have been required had the original Form 15 not been filed. CMKX has not been provided a waiver, "variance" or any other relief by the SEC for complying with the 60-day requirement. In fact, due to the overwhelming number of reports that need to be filed, coupled with the necessary financial statement preparation, CMKX will not be able to comply with the 60-day requirement. Management does not believe the filing of the amended Form 15 had anything to do with the SEC's decision to temporarily suspend trading in its common stock and continues to aggressively do everything within its power to comply with its 34 Act reporting requirements.
So,.. With that said,.. This could very well be a blessing in disguise,.. More or less gives the company some additional time to comply with all the filings,..
The question now becomes is this the plan,.. Meaning do they plan on taking this the whole way,.. File and move on from there,.. Move on by going into another company? Abandon the whole deal completely and start another company,…<br>
We should not forget that the land claims are not in CMKX’s name and that this was done early on for the reason that Urban wanted to protect the claims against hostile take overs and movements in the markets like this maybe.
All land claims had been managed all along through Fort a la Corne Diamond Fields, Inc.
On November 25, 2002 the Company agreed to acquire the Casavant Family Mineral Claims in certain kimberlite deposits located in the Province of Saskatchewan, Canada. The Mineral Claims were held in the name of five companies owned directly and/or beneficially by the Casavant Family and Morgain Minerals, Inc. (a company held by third parties with the claims under option). These companies include Commando Holdings, Ltd., Buckshot Holdings, Ltd., 101010307 Saskatchewan Ltd., 101012190 Saskatchewan Ltd., and 101027101 Saskatchewan Ltd.
In addition, Fort a la Corne Diamond Fields, Inc. acted as the claims and exploration manager for the five companies above, as well as, the claims held by Morgain Minerals, Inc. Each of these companies have agreed to transfer 100% of the Mineral Claims to the Company in accordance with the Mineral Disposition Regulations of Saskatchewan, 1986.
Guess who’s the Fort a la Corne Diamond Fields, Inc. is? Lol,.. Urban.
So I guess what I am saying is no matter what happens,.. no matter where we end up there is a light at the end of the tunnel,..
Urban did not start this to have it crumble to pieces before his feet,.. regardless of what any basher may say,..
Urban did a lot of stuff,.. but pulling the wool over our eyes was not one of them,..
· He has the claims
· He has the support of some 50,000 investors
· He has Maheu
· He has JV’s interlocking beyond anyone can comprehend
· He has a team of securities lawyers,.. a “team” not one
· He has relationships with other companies in the area
So all in all I am not as disappointed as I had been,.. Will we see filings tomorrow? Maybe
Is this a part of the plan? Maybe but I doubt it,.. Can they adapt to it? Heck ya!
My advice if we are trading in the AM,.. (as it appears as though this is not going to affect the trading suspension) please don’t dump,.. For what you got in this,.. Minus the few that I know have put in more then they can chew,.. What do you really have to loose,.. CMKX has already surpassed any entertainment value for my money, and IMHO the Show is just getting started,..
I would not want to be the guy to back IBM into a corner swinging,.. Because you know what the outcome will be… Or at least I do IMHO,.. lol
Staying Strong, Staying Long CMKX all the way,..
