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Zoomingstocks.com: CORRECTING AND REPLACING End-of-Week Stock Update: (OTCBB: CMKX) CMKX Requests Subpoena of DTCC for upcoming Administrative Hearing
via COMTEX
May 2, 2005
Carlsbad, Ca, May 02, 2005 (M2 PRESSWIRE via COMTEX) --
Zoomingstocks.com mid-week stock update is focused on, NMC, Inc. and CMKM Diamonds, Inc.
Late Breaking News: CMKM Diamonds has submitted a request to the court to subpoena the Depository Trust and Clearing Corporation, "as they may have evidence relative to the hearing in this matter", states the subpoena. This turn of events is unprecedented and unheard of. The subpoena was issued at the request of CMKM Diamonds, Inc. by Donald Stoecklin and the Stoecklin Law Group. The purpose of the subpoena is unknown at this time; however, CMKM Attorneys have requested all manner of documentation both paper and electronic and any records pertaining to transactions dealing with CMKM Diamonds, Inc. to be made available for inspection at this hearing.
About the DTCC - The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, over-the-counter credit derivatives and emerging market debt trades. DTCC's depository also provides custody and asset servicing for more than two million securities issues from the United States and 100 other countries and territories. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC has operating facilities in multiple locations in the United States and overseas.
CMKM Diamonds, Inc. was recently featured in the Zoom Generation Newsletter, a weekly subscription publication from Zoomingstocks.com as being the subject of the "trading rebate program" which creates incentives for traders to engage in transactions with no economic purpose other than to receive market data fees. The SEC believes that such trading may distort the actual volume of trading in these securities. Moreover, the Commission is concerned that the structure and size of market data revenue rebates may be distorting the reporting of trades, and that these rebate programs may reduce the regulatory resources of the markets and reallocate the funding of regulation among participants.
Ever wonder why CMKX and other sub-penny stocks have such a high volume of trades per day? This trade rebate program accounts for a majority of those trades. The SEC is implementing reforms under Regulation NMS to curtail some of this activity and allow only relevant trades to be counted in the day's volume.
CMKM Diamonds, Inc. will in less than two weeks appear at a hearing in Los Angeles to answer allegations by the SEC concerning its claims and corporate governance. Tremendous support and outpouring by shareholders loyal to CMKX is expected to draw attention to some of the ills of the current abuse of sub-penny stocks through many of the systems and sub-systems intended to facilitate the management and clearing of the stock market. This technology has only made it easier for traders to tilt the scale towards them at the loss of billions of shareholder dollars. Towards this end, CMKX is finally going to have their day in court and attempt to address and expose some of these issues.
Recently a CMKX shareholder, Mr. John Martin, of Tyler, Texas began a solidarity effort aimed at unifying the CMKX shareholders. The CMKX Owner's Group will look after their interests in the upcoming hearing of allegations made by the SEC against CMKM Diamonds, Inc. These allegations are being made under the pretense of shareholder protection. Knowing that his investment was at no time under the protection of the SEC, Mr. Martin elicited the legal services of the Frizzell Law Firm to represent himself and has since invited other CMKX shareholders to participate making the Group more credible in its intention. Mr. Martin has successfully inducted over 2320 members to date.
The actions proposed by the SEC are viewed by the shareholders as not being in their best interest, nor protecting their CMKX investment. These shareholders are among the most dedicated and loyal group of investors that have ever supported a Pink Sheet Company. The CMKX Owner's Group will probably be the first of many such efforts begun by shareholders to say that they "have had enough". Visit the CMKX Owner's Group at http://www.cmkxownersgroup.com , take a stance, and protect your investment.
Have questions or interested in CMKM Diamonds, Inc? Call Mr. Andy Hill, Investor Relations at 1-877-752-3755 or 1-306-752-375 between the hours of 7:00 AM and 1:00PM Pacific Standard Time.
About Zooming$tocks.com: Zooming$tocks.com is your premier market analysis company whose goal is to provide you with rapid and timely information, well suited to your investment needs.
Want to receive the Zoom Generation Newsletter (ZGN) right to your email inbox? Subscribe at http://www.zoomingstocks.com/main_join.htm
Zooming$tocks.com is not a licensed investment advisor. Nor do we give out buy, sell or hold advice to anyone. Zooming$tocks.com has full disclaimer/disclosure information available to the general public on our website at: www.zoomingstocks.com/main_disclaimer.htm
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
via COMTEX
May 2, 2005
Carlsbad, Ca, May 02, 2005 (M2 PRESSWIRE via COMTEX) --
Zoomingstocks.com mid-week stock update is focused on, NMC, Inc. and CMKM Diamonds, Inc.
Late Breaking News: CMKM Diamonds has submitted a request to the court to subpoena the Depository Trust and Clearing Corporation, "as they may have evidence relative to the hearing in this matter", states the subpoena. This turn of events is unprecedented and unheard of. The subpoena was issued at the request of CMKM Diamonds, Inc. by Donald Stoecklin and the Stoecklin Law Group. The purpose of the subpoena is unknown at this time; however, CMKM Attorneys have requested all manner of documentation both paper and electronic and any records pertaining to transactions dealing with CMKM Diamonds, Inc. to be made available for inspection at this hearing.
About the DTCC - The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, over-the-counter credit derivatives and emerging market debt trades. DTCC's depository also provides custody and asset servicing for more than two million securities issues from the United States and 100 other countries and territories. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC has operating facilities in multiple locations in the United States and overseas.
CMKM Diamonds, Inc. was recently featured in the Zoom Generation Newsletter, a weekly subscription publication from Zoomingstocks.com as being the subject of the "trading rebate program" which creates incentives for traders to engage in transactions with no economic purpose other than to receive market data fees. The SEC believes that such trading may distort the actual volume of trading in these securities. Moreover, the Commission is concerned that the structure and size of market data revenue rebates may be distorting the reporting of trades, and that these rebate programs may reduce the regulatory resources of the markets and reallocate the funding of regulation among participants.
Ever wonder why CMKX and other sub-penny stocks have such a high volume of trades per day? This trade rebate program accounts for a majority of those trades. The SEC is implementing reforms under Regulation NMS to curtail some of this activity and allow only relevant trades to be counted in the day's volume.
CMKM Diamonds, Inc. will in less than two weeks appear at a hearing in Los Angeles to answer allegations by the SEC concerning its claims and corporate governance. Tremendous support and outpouring by shareholders loyal to CMKX is expected to draw attention to some of the ills of the current abuse of sub-penny stocks through many of the systems and sub-systems intended to facilitate the management and clearing of the stock market. This technology has only made it easier for traders to tilt the scale towards them at the loss of billions of shareholder dollars. Towards this end, CMKX is finally going to have their day in court and attempt to address and expose some of these issues.
Recently a CMKX shareholder, Mr. John Martin, of Tyler, Texas began a solidarity effort aimed at unifying the CMKX shareholders. The CMKX Owner's Group will look after their interests in the upcoming hearing of allegations made by the SEC against CMKM Diamonds, Inc. These allegations are being made under the pretense of shareholder protection. Knowing that his investment was at no time under the protection of the SEC, Mr. Martin elicited the legal services of the Frizzell Law Firm to represent himself and has since invited other CMKX shareholders to participate making the Group more credible in its intention. Mr. Martin has successfully inducted over 2320 members to date.
The actions proposed by the SEC are viewed by the shareholders as not being in their best interest, nor protecting their CMKX investment. These shareholders are among the most dedicated and loyal group of investors that have ever supported a Pink Sheet Company. The CMKX Owner's Group will probably be the first of many such efforts begun by shareholders to say that they "have had enough". Visit the CMKX Owner's Group at http://www.cmkxownersgroup.com , take a stance, and protect your investment.
Have questions or interested in CMKM Diamonds, Inc? Call Mr. Andy Hill, Investor Relations at 1-877-752-3755 or 1-306-752-375 between the hours of 7:00 AM and 1:00PM Pacific Standard Time.
About Zooming$tocks.com: Zooming$tocks.com is your premier market analysis company whose goal is to provide you with rapid and timely information, well suited to your investment needs.
Want to receive the Zoom Generation Newsletter (ZGN) right to your email inbox? Subscribe at http://www.zoomingstocks.com/main_join.htm
Zooming$tocks.com is not a licensed investment advisor. Nor do we give out buy, sell or hold advice to anyone. Zooming$tocks.com has full disclaimer/disclosure information available to the general public on our website at: www.zoomingstocks.com/main_disclaimer.htm
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
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