Owner
Post by Franko10 ™ on Feb 17, 2005 19:59:55 GMT -5
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
CMKX Recants Non-reporting Status
In a brilliant and strategic move CMKM Diamonds,
Inc. filed an amendment with the Securities and
Exchange Commission on February 16, 2005 to
revoke the original Form 15/A they filed on July 22,
2003 making them a non-reporting company. The
premise for the revocation was that they did not
meet the qualification to move to non-reporting
status because of the number of shareholders on
record at the time. The qualification for this status
requires a company to have 300 or less shareholders
and meet certain dollar values in total assets
according to Section 12(g subparagraph 3). CMKM in
their revocation states that they in fact had 698
shareholders of record at the time thereby
invalidating the Form 15/A. Therefore, under Section
12(g) of the Securities Exchange Act of 1934, CMKM
Diamonds is essentially once again a fully reporting
company.
The question that remains is how long before
the company submits a filing and what will we see in
that report. According to Section 12, a company
must disclose to its shareholders the share structure,
directors, officers and any other information they
deem necessary to adequately express and explain
the filing 60 days after the end of the fiscal year
ending December 31, 2004 for accelerated filers.
CMKM Diamonds appears to be making progress in its
continuum to build a fundamentally sound company
and bring value to shareholders. Zoomingstocks.com
is regenerated in its bullish stand on CMKX and looks
forward to future developments and press releases.
CMKM Diamonds, Inc. is a Nevada-based junior
diamond exploration company. Their principal mining
operations are located in Saskatchewan, Canada,
encompassing a total land mass of approximately 1.9
million acres rich with diamondiferous kimberlite
deposits. In addition to mining diamonds the
company also owns The American Mine which sits
inside the Zaruma-Portovelo Mining District of
Ecuador. This district has a recorded historic
production of more than 4.5 million ounces of gold
and 19 million ounces of silver, as well as significant
tonnages of copper, zinc and lead concentrates.
Read SEC website Section 12 - rs6.net/tn.jsp?t=gywdn6aab.0.9hyco6aab.8rorj6n6.181&p=http%3A%2F%2Fwww.sec.gov%2Fdivisions%2Fcorpfin%2F34act%2Fsect12.htm
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
CMKM Diamonds: The Beginning of an Aggressive Era
Since December 18, 2004, CMKX shareholders have
been treated to several press releases ranging from
the buy back of 75 billion shares of stock previously
swapped through a stock trade deal, to the
announcement of new Board members and an
updated corporate strategy. If this is an indication
of a re-awakening of CMKM Diamonds then just what
should we expect?
On December 18, 2004, CMKM announced its
repurchase of the 75 billion restricted shares of
common stock issued to Nevada Minerals, Inc. (July
2004) to acquire mineral rights in Saskatchewan,
Canada. For whatever reason the two companies
may have had for this transpiring, CMKM Diamonds,
Inc. returned the shares to the Treasury.
Fast-forwarding through Christmas and into the new
year, we end up with the announcement that Mr.
Robert Maheu has joined the CMKM Diamonds Board
of Directors as Co-Chairman. Mr. Mahue's colorful
past revolves around his relationship with the late
Howard Hughes and includes several other notable
names putting Mr. Maheu at the top of the Who's
Who of CMKX notables.
Moving forward a couple of weeks to Feb 8, we have
another press release announcing the addition of yet
a second member to the Board of Directors, Michael
Williams, with a list of credentials as impressive as
those touted about Mr. Maheu. In the press release,
Urban Casavant stated:
"As we continue our agenda for 2005, it was obvious
that Mr. Williams could bring a great deal of
opportunity, organization and expertise to the
company. He is a friend of Mr. Maheu and family
members, has already made significant contributions
to the company, and I welcome him to the board."
On February 11, less than a week ago, we received
information via another press release regarding an
updated corporate strategy that talks about taking
aggressive action to solve the problems of the past.
This includes the addition of a new team of securities
attorneys assigned to correct any deficiencies of the
past and cooperate fully with regulatory bodies in
both the U.S. and Canada. Maheu has also instructed
management that regular reports to stockholders and
the financial community are imperative.
So, how do investors take this information and turn it
into comprehensible and meaningful news about the
future of CMKX? The first thing to realize is that
there was no mention of the mines either in Canada
or in South America or drilling reports from
Saskatchewan and of the potential valuation of the
company. For once we were treated to (what could
be and will be), the realities of making a viable, solid
and fundamentally sound company.
CMKX Shareholders should walk away with the notion
(read as a warm and fuzzy feeling) that professional
management has arrived for the company. One of
the things history has shown us is that entrepreneurs
do not make good Chief Executive Officers. The
dreamer is not always the best person to steer the
ship across the vast uncharted ocean. However, the
vision and the dreams Mr. Casavant drempt are
turning into reality for him. Because of his strength
and humility, he acknowledged that professional
management is now required. I know it must be a
tremendous relief to Urban Casavant to have new
and objective advice on how to proceed with CMKX.
In a Feb 11 press release Urban made the
following comments:
"Today, CMKX is embarking on an aggressive,
strategic plan that is intended to transform the
entire corporation into a tightly focused mining and
development company. It is our intent to use all
available resources to generate consistent, long-term
growth and profitability for our stockholders."
Additionally, Casavant said,
"We shall be recruiting a team of experienced
advisors, professionals and management executives.
We intend to structure the company for a move to
the Over-the-Counter Bulletin Board or an exchange."
This information should be a signal to long-term
shareholders that CMKX is coming into its own and
that with a fundamentally sound company, which
Urban Casavant has been attempting to establish for
a couple of years now, we will finally be seeing some
visible progress. Visible because Mr. Maheu also
instructed management to regularly report to
stockholders and the financial community on their
progress. Zoomingstocks.com believes that we can
take that to the bank.
Finally, "the horse is before the cart" and the
establishment of the empire necessary to sustain a
company rumored to have significant diamond finds is
in the works. Mr. Maheu further talked about the
requirement of tough actions to move
forward. "Tough assignments are not solved by
wishful thinking, but rather by tough action." So,
what tough actions can we expect in the near
future? Well, we will have to see but, many
shareholders are excited about the possibilities.
Maybe now we will get some answers and some
concept of the direction the company will take.
Zooming$tocks.com continues to be pro-CMKX and is
now even more bullish about its long-term viability.
With regular reports from the company, our
subscribers and our reporters will be able to assess
the short-term and long-term state of this company,
in which we strongly believe. We are excited about
the opportunity to have information worth reporting
on what we still believe to be "The Stock Play of a
Lifetime".
read on... - rs6.net/tn.jsp?t=gywdn6aab.0.zbxn9a44.8rorj6n6.181&p=http%3A%2F%2Fwww.zoomingstocks.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
CMKX Recants Non-reporting Status
In a brilliant and strategic move CMKM Diamonds,
Inc. filed an amendment with the Securities and
Exchange Commission on February 16, 2005 to
revoke the original Form 15/A they filed on July 22,
2003 making them a non-reporting company. The
premise for the revocation was that they did not
meet the qualification to move to non-reporting
status because of the number of shareholders on
record at the time. The qualification for this status
requires a company to have 300 or less shareholders
and meet certain dollar values in total assets
according to Section 12(g subparagraph 3). CMKM in
their revocation states that they in fact had 698
shareholders of record at the time thereby
invalidating the Form 15/A. Therefore, under Section
12(g) of the Securities Exchange Act of 1934, CMKM
Diamonds is essentially once again a fully reporting
company.
The question that remains is how long before
the company submits a filing and what will we see in
that report. According to Section 12, a company
must disclose to its shareholders the share structure,
directors, officers and any other information they
deem necessary to adequately express and explain
the filing 60 days after the end of the fiscal year
ending December 31, 2004 for accelerated filers.
CMKM Diamonds appears to be making progress in its
continuum to build a fundamentally sound company
and bring value to shareholders. Zoomingstocks.com
is regenerated in its bullish stand on CMKX and looks
forward to future developments and press releases.
CMKM Diamonds, Inc. is a Nevada-based junior
diamond exploration company. Their principal mining
operations are located in Saskatchewan, Canada,
encompassing a total land mass of approximately 1.9
million acres rich with diamondiferous kimberlite
deposits. In addition to mining diamonds the
company also owns The American Mine which sits
inside the Zaruma-Portovelo Mining District of
Ecuador. This district has a recorded historic
production of more than 4.5 million ounces of gold
and 19 million ounces of silver, as well as significant
tonnages of copper, zinc and lead concentrates.
Read SEC website Section 12 - rs6.net/tn.jsp?t=gywdn6aab.0.9hyco6aab.8rorj6n6.181&p=http%3A%2F%2Fwww.sec.gov%2Fdivisions%2Fcorpfin%2F34act%2Fsect12.htm
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
CMKM Diamonds: The Beginning of an Aggressive Era
Since December 18, 2004, CMKX shareholders have
been treated to several press releases ranging from
the buy back of 75 billion shares of stock previously
swapped through a stock trade deal, to the
announcement of new Board members and an
updated corporate strategy. If this is an indication
of a re-awakening of CMKM Diamonds then just what
should we expect?
On December 18, 2004, CMKM announced its
repurchase of the 75 billion restricted shares of
common stock issued to Nevada Minerals, Inc. (July
2004) to acquire mineral rights in Saskatchewan,
Canada. For whatever reason the two companies
may have had for this transpiring, CMKM Diamonds,
Inc. returned the shares to the Treasury.
Fast-forwarding through Christmas and into the new
year, we end up with the announcement that Mr.
Robert Maheu has joined the CMKM Diamonds Board
of Directors as Co-Chairman. Mr. Mahue's colorful
past revolves around his relationship with the late
Howard Hughes and includes several other notable
names putting Mr. Maheu at the top of the Who's
Who of CMKX notables.
Moving forward a couple of weeks to Feb 8, we have
another press release announcing the addition of yet
a second member to the Board of Directors, Michael
Williams, with a list of credentials as impressive as
those touted about Mr. Maheu. In the press release,
Urban Casavant stated:
"As we continue our agenda for 2005, it was obvious
that Mr. Williams could bring a great deal of
opportunity, organization and expertise to the
company. He is a friend of Mr. Maheu and family
members, has already made significant contributions
to the company, and I welcome him to the board."
On February 11, less than a week ago, we received
information via another press release regarding an
updated corporate strategy that talks about taking
aggressive action to solve the problems of the past.
This includes the addition of a new team of securities
attorneys assigned to correct any deficiencies of the
past and cooperate fully with regulatory bodies in
both the U.S. and Canada. Maheu has also instructed
management that regular reports to stockholders and
the financial community are imperative.
So, how do investors take this information and turn it
into comprehensible and meaningful news about the
future of CMKX? The first thing to realize is that
there was no mention of the mines either in Canada
or in South America or drilling reports from
Saskatchewan and of the potential valuation of the
company. For once we were treated to (what could
be and will be), the realities of making a viable, solid
and fundamentally sound company.
CMKX Shareholders should walk away with the notion
(read as a warm and fuzzy feeling) that professional
management has arrived for the company. One of
the things history has shown us is that entrepreneurs
do not make good Chief Executive Officers. The
dreamer is not always the best person to steer the
ship across the vast uncharted ocean. However, the
vision and the dreams Mr. Casavant drempt are
turning into reality for him. Because of his strength
and humility, he acknowledged that professional
management is now required. I know it must be a
tremendous relief to Urban Casavant to have new
and objective advice on how to proceed with CMKX.
In a Feb 11 press release Urban made the
following comments:
"Today, CMKX is embarking on an aggressive,
strategic plan that is intended to transform the
entire corporation into a tightly focused mining and
development company. It is our intent to use all
available resources to generate consistent, long-term
growth and profitability for our stockholders."
Additionally, Casavant said,
"We shall be recruiting a team of experienced
advisors, professionals and management executives.
We intend to structure the company for a move to
the Over-the-Counter Bulletin Board or an exchange."
This information should be a signal to long-term
shareholders that CMKX is coming into its own and
that with a fundamentally sound company, which
Urban Casavant has been attempting to establish for
a couple of years now, we will finally be seeing some
visible progress. Visible because Mr. Maheu also
instructed management to regularly report to
stockholders and the financial community on their
progress. Zoomingstocks.com believes that we can
take that to the bank.
Finally, "the horse is before the cart" and the
establishment of the empire necessary to sustain a
company rumored to have significant diamond finds is
in the works. Mr. Maheu further talked about the
requirement of tough actions to move
forward. "Tough assignments are not solved by
wishful thinking, but rather by tough action." So,
what tough actions can we expect in the near
future? Well, we will have to see but, many
shareholders are excited about the possibilities.
Maybe now we will get some answers and some
concept of the direction the company will take.
Zooming$tocks.com continues to be pro-CMKX and is
now even more bullish about its long-term viability.
With regular reports from the company, our
subscribers and our reporters will be able to assess
the short-term and long-term state of this company,
in which we strongly believe. We are excited about
the opportunity to have information worth reporting
on what we still believe to be "The Stock Play of a
Lifetime".
read on... - rs6.net/tn.jsp?t=gywdn6aab.0.zbxn9a44.8rorj6n6.181&p=http%3A%2F%2Fwww.zoomingstocks.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
