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August Focus Stock Update
CMKM Diamonds Inc. (PK: CMKX)
CMKM Diamonds Announces Purchase of 75 Billion Shares Issued to Nevada Minerals, Inc. for Acquisition of Mineral Rights in Saskatchewan, Canada
Christmas is almost here … Will Santa Casavant drop us a filing?
On Saturday, December 18, 2004 after 51 days of silence, CMKM Diamonds finally released a pubic announcement. Although the announcement is once again ambiguous, leaving us with a long list of questions, The Green Baron Report is encouraged by the mere fact that CMKM Diamonds does not appear to be under any kind of restriction to release its news to the public. We are hoping that Mr. Casavant will soon get “the green light” from his attorneys to comment on recent events through our Green Baron CEO Webcast forum now that the company is beginning to release news. In case you missed it, here is a reprint of the press release last weekend:
LAS VEGAS, Dec 18, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc. (Pink Sheets:CMKX) announced today that it has repurchased the 75 billion shares of the common stock stocks issued to Nevada Minerals, Inc. in July of 2004 to acquire mineral rights in Saskatchewan, Canada. The shares were restricted. The purchase price for the shares was $ 2.2 million, of which $2 million was in the form of a note payable in one year. "Being able to reacquire these shares for this price is a great opportunity for the Company," said Urban Casavant, the Company's CEO.
There is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company.
In most cases, The Green Baron Report is quick to respond with comments and analysis about press releases issued by CMKM Diamonds. However, it has been extremely difficult finding anyone who agrees with the announcement’s ramifications. Rather than rehash any of the theories presented on the message boards or in our private discussions, we will simply repeat what we have pointed out since we started coverage of CMKM Diamonds.
D. Roger Glenn is still the Company’s primary legal counsel. We believe his resume and experience speaks for itself. We do not think Mr. Glenn would involve himself with a company trading on The Pink Sheets unless there was something major to gain by doing so, and we are not just talking about money. There may soon be new rules and regulations that will be enforced under his guidance that could help propel CMKX stock to dizzying heights. By the time the entire plan developed by CMKM Diamonds is executed with the assistance of Mr. Glenn, we should be looking at CMKX as “The Stock Play of a Lifetime”.
There is some serious buzz right now that CMKM Diamonds is finally ready to file to become a fully reporting company. Originally we thought the filing would come in late September, but it was announced only that “The company’s accountants are working to complete the audit of the company’s financial statements. When that has been accomplished, the company will be well on its way to becoming a reporting company again.” Then, in late October, we thought the filing would be a nice touch in front of the massive shareholder appreciation party, but the US Canadian Minerals SEC halt and the Saskatchewan halt to CMKM Diamonds seemed to place the filing on hold.
Well, let’s hope the third time's a charm and we finally get the filing just in time for Christmas. We do believe the return of the 75 billion shares, even with a price tag, is a monumental event for the long-term success of CMKM Diamonds. It always had annoyed this writer that the Company had given away this large chunk of its own stock for unproven assets. It now appears there was a plan all along, and the plan is just beginning to come into view. If the offer on CMKX moves up to .0003, look for a possible breakout.
.................بالله خلهم يصوروني 
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