SEC INFORMATION FOR CMKM DIAMONDS INVESTORS

SEC Obtains Summary Judgment Against Four Defendants in CMKM Diamonds Case

http://www.sec.gov/divisions/enforce/claims/cmkmopinion062309.htm

INFORMATION FOR CMKM DIAMONDS INVESTORS
CIVIL ACTION AGAINST CMKM DIAMONDS, INC.
URBAN CASAVANT, et al.

RECENT DEVELOPMENTS
On June 23, 2009, the federal district court in the District of Nevada granted the SEC’s motion for summary judgment against defendants John Edwards, Daryl Anderson, and Kathleen and Anthony Tomasso.

The court ordered:

Edwards to pay $28,583,288.98 in disgorgement and prejudgment interest and a civil penalty of $26,400,000;
Anderson to pay $2,490,211.04 in disgorgement and prejudgment interest and a civil penalty of $2,300,000; and
The Tomassos to pay $702,131.22 in disgorgement and prejudgment interest and a civil penalty of $648,500.
The court ordered the defendants to pay these amounts to the Clerk of the Court for the District of Nevada within ten business days. Any amounts paid to the Clerk will be deposited into an interest-bearing account with the Court Registry Investment System.

In cases where the SEC obtains a judgment to recover money from the defendants, and the defendants do not comply with the judgment by paying the money, the SEC will seek to enforce the judgment.

It is not yet known how much money, if any, will be recovered in this case. If the assets ultimately collected are sufficient for a practical and economically feasible distribution of funds to investors, the SEC may by motion to the court propose a plan to distribute the funds. No funds can be distributed to investors unless and until the court approves a distribution plan.

Order Granting SEC’s Motion for Summary Judgment Against Defendants John Edwards, Daryl Anderson, and Kathleen and Anthony Tomasso (June 23, 2009)
http://www.sec.gov/divisions/enforce/claims/cmkmopinion062409.pdf

BACKGROUND
On April 7, 2008, the SEC filed a civil injunctive action against CMKM Diamonds, Inc., its former Chairman and CEO, Urban Casavant, and 12 other defendants involved in the alleged illegal issuance and sale of unregistered stock of CMKM Diamonds, Inc., purportedly a diamond and gold mining company located in Las Vegas, Nevada. The SEC charged all of the defendants with violating the registration provisions of the federal securities laws. In addition, the Commission charged CMKM and Casavant with violating the antifraud and various reporting, record keeping, and internal controls provisions.

Litigation Release No. 20519: Securities and Exchange Commission v. CMKM Diamonds, Inc., et. al, United States District Court for the District of Nevada, Civil Action No. 08- CV 0437 (April 7, 2008)
http://www.sec.gov/litigation/litreleases/2008/lr20519.htm

Complaint
http://www.sec.gov/litigation/complaints/2008/comp20519.pdf

SELECTED COURT ORDERS

Final Judgment of Permanent Injunction Against Defendant CMKM Diamonds, Inc. (April 21, 2008)
http://www.sec.gov/divisions/enforce/claims/cmkmfinaljudgment.pdf

On April 21, 2008, the court entered a final judgment against CMKM Diamonds, Inc. enjoining it from future violations of the federal securities laws.

Order Granting SEC’s Motion for Summary Judgment Against Defendants John Edwards, Daryl Anderson, and Kathleen and Anthony Tomasso (June 23, 2009)
http://www.sec.gov/divisions/enforce/claims/cmkmopinion062409.pdf

OTHER SEC ACTIONS CONCERNING CMKM DIAMONDS

Litigation Release No. 20855: Securities and Exchange Commission v. Marco Glisson, Civil Action No. 2:09-cv-00104 (D. Nevada) (January 15, 2009)
http://www.sec.gov/litigation/litreleases/2009/lr20855.htm

Complaint
http://www.sec.gov/litigation/complaints/2009/comp20855.pdf

In the Matter of Daryl Anderson, Admin. Proc. File No. 3-13156 (September 2, 2008) (Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 and Notice of Hearing)
http://www.sec.gov/litigation/admin/2008/34-58449-o.pdf

Securities Exchange Act Release No. 58958 (November 14, 2008) (Order Making Findings and Imposing Remedial Sanctions Pursuant to Section 15(b) of the Securities Exchange Act of 1934)
http://www.sec.gov/litigation/admin/2008/34-58958.pdf

In the Matter of CMKM Diamonds, Inc, Initial Decision Release No. 291, Administrative Proceeding File No. 3-11858 (July 12, 2005)
http://www.sec.gov/litigation/aljdec/id291bpm.htm

Securities Exchange Act of 1934 Release No. 52694 (October 28, 2005) (Order Dismissing Review Proceedings and Notice of Finality)
http://www.sec.gov/litigation/aljdec/34-52694.pdf

Release No. 34-51305 (March 3, 2005) (Trading Suspension: CMKM Diamonds, Inc., aka Casavant Mining Kimberlite International, Inc.)
http://www.sec.gov/litigation/suspensions/34-51305.htm


http://www.sec.gov/divisions/enforce/claims/cmkmopinion062309.htm

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Home Previous Page Modified: 06/26/2009

OT - Venice Street Scene by F. Ferruzza

Venice Street Scene by F. Ferruzza...

Privately owned for approximately 50 years.

Owner seeking biographical information on artist F. Ferruzza,
and historical information on this Venice Street Scene painting.

Please contact owner with any information at tbo452@aol.com

Editor's Note - Painting size...
Approximately 40 inches W x 30 inches H

CMKX - CMKM Diamonds Inc. - ***Shareholder Theme Song***

West Side Story - SOMETHING'S COMING

(TONY)
Could be!
Who knows?
There's something due any day;
I will know right away,
Soon as it shows.
It may come cannonballing down through the sky,
Gleam in its eye,
Bright as a rose!

Who knows?
It's only just out of reach,
Down the block, on a beach,
Under a tree.
I got a feeling there's a miracle due,
Gonna come true,
Coming to me!

Could it be? Yes, it could.
Something's coming, something good,
If I can wait!
Something's coming, I don't know what it is,
But it is
Gonna be great!

With a click, with a shock,
Phone'll jingle, door'll knock,
Open the latch!
Something's coming, don't know when, but it's soon;
Catch the moon,
One-handed catch!

Around the corner,
Or whistling down the river,
Come on, deliver
To me!
Will it be? Yes, it will.
Maybe just by holding still,
It'll be there!

Come on, something, come on in, don't be shy,
Meet a guy,
Pull up a chair!
The air is humming,
And something great is coming!
Who knows?
It's only just out of reach,
Down the block, on a beach,
Maybe tonight . . .

Music By Leonard Bernstein, Lyrics By Stephen Sondheim.

Editor's Note - Finishing the race in a very close 2nd Place was... Annie's 'Tomorrow'...!!

Annie - TOMORROW

(ANNIE)
The sun'll come out
Tomorrow
Bet your bottom dollar
That tomorrow
There'll be sun!

Just thinkin' about
Tomorrow
Clears away the cobwebs,
And the sorrow
'Til there's none!

When I'm stuck with a day
That's gray,
And lonely,
I just stick out my chin
And Grin,
And Say,
Oh!

The sun'll come out
Tomorrow
So ya gotta hang on
'Til tomorrow
Come what may
Tomorrow! Tomorrow!
I love ya Tomorrow!
You're always
A day
A way!

Music By Charles Strouse, Lyrics By Martin Charnin.

CMKX - CMKM Diamonds Inc. ***Update*** - Spring 2009 Recap

November 26, 2002 to April 18, 2009...

6 Years, 4 Months, and 22 Days...!!

2,335 Days...
56,040 Hours...
3,362,400 Minutes...
201,744,000 Seconds...!!

CMKX Shareholders Still Have NOTHING...!!

Gurus Have All Been WRONG...!!

Sources Have All Been WRONG...!!

Shareholder Rumors Have ALL Been WRONG...!!

CMKX Shareholders STILL Have NOTHING...!!

Any Questions...??

CMKX - CMKM Diamonds Inc. - Smoking Guns

(Thanks sweettime...!!)

Topic: CMKX Smoking Guns...
CMKX / Entourage Unofficial Message Board

CMKX Smoking Guns
« Thread Started Today at 9:20am »
sweettime
Diamond Hunter

Joined: Apr 2009
Posts: 5
--------------------------------------------------------------------------------
I urge everyone to add to this list. I am going to email it to Molly White, Leslie Hakala, Mark Faulk and the SEC's OIG daily to remind them that we know something else went down and we expect to get paid from more than just crooked insiders and their chump change settlements. I urge all other CMKX shareholders to do the same.

SOME CMKX SMOKING GUNS

1. WHO SUBPONEA'ED CMKM DIAMONDS SILVER STATE BANK ACCOUNTS IN SEPTEMBER 2004?

2. WHY DID THEY SUBPONEA THE BANK RECORDS?

3. WHY WAS THE MONEY NOT FOLLOWED AFTER THE SUBPONEA?

4. WHY WAS THE MONEY ALLOWED TO DISAPPEAR?

5. THE SEC CHARGES THAT $64 MILLION WAS STOLEN FROM INVESTORS, TYLER TEXAS CHARGES THAT $250 MILLION WAS STOLEN. WHO STOLE THE OTHER $186 MILLION

6. WHY WHEN OFFERED URBAN CASAVANT'S CURRENT PHYSICAL LOCATION, DID BILL FRIZZELL NOT WANT TO KNOW?

7. WHY WAS THE SEC INVESTIGATING CMKM DIAMONDS TRADING RECORDS AND SPECIFICALLY THOSE OF JAMES KINNEY IN MAY OF 2003 OR MAY OF 2004? AS EVIDENCED BY THIS FAX http://www.cmkmdiamondsinc.com/justice/sec_ltr_bagley_5-26-04.pdf

8. WHY DID IT TAKE 4 YEARS TO CHARGE INSIDERS (INCLUDING JAMES KINNEY) AFTER ALL OF THE DAMAGE WAS DONE WHILE THEY SAT BACK AND DID NOTHING ABOUT IT DESPITE CONTACTING CMKM DIAMONDS TRANSFER AGENT REQUESTING TRADING HISTORIES AND STOCK ISSUANCE CONTROL LOG.

9. HOW DID THE SECURITIES DIVISION OF THE SASKATCHEWAN FINANCIAL SERVICES COMMISSION ISSUE A CEASE TRADE ORDER ON October 28, 2004 AND THE SEC NOT KNOW ABOUT IT? OR DID THEY KNOW ABOUT IT YET DECIDED THEY HAD BETTER THINGS TO DO?

10. WHY DID ROBERT MAHEU TAKE ON CMKM DIAMONDS AFTER IT WAS ALREADY PUBLIC KNOWLEDGE THAT URBAN WAS BANNED BY THE SECURITIES DIV OF THE SASK FINANCIAL SERVICES FOR DUMPING UNREGISTERED SHARES IN NOV OF 2004.

11. WHY DID ROBERT MAHEU TAKE ON CMKM DIAMONDS AFTER IT WAS ALREADY PUBLIC KNOWLEDGE THAT SOME AGENCY SUBPONEA'ED CMKM DIAMONDS SILVER STATE BANK ACCOUNTS IN SEPT OF 2004?

12. WHY HAS ONLY NEVWEST BEEN CHARGED? DESPITE THIS d*mnING ADMISSION FROM JEFFERIES
http://www.cmkmdiamondsinc.com/justice/jeffries_letter.pdf

13. WHY HAS ONLY NEVWEST BEEN CHARGED WHEN ANTHONY SANTO'S FROM NEVWEST HAS STATED THAT ONLY JOHN EDWARDS USED NEVWEST TO DUMP UNREGISTERED CMKM DIAMONDS STOCK AND THE OTHER INSIDERS USED OTHER BROKER DEALERS?

14. WHY WAS NEVWEST CHARGED WHEN THEY SEEKED AND GOT SEC APPROVAL TO DUMP THE UNREGISTERED CMKM DIAMOND SHARES IN ADVANCE

15. WHY HAS ROGER GLENN NOT BEEN CHARGED DESPITE IS ROLE IN THE DUMPING OF BILLIONS OF UNREGISTERED SHARES OF CMKM DIAMONDS?

16. WHY DID URBAN CASAVANT DO A CERTIFICIATE PULL? TO HELP CONVICT HIMSELF?

17. WHAT HAPPENED TO THE INTERPLEADER?

18. WHY IS ENTOURAGE CLAIMING THAT CMKM DIAMONDS IS GOING TO SELL BACK THE ENTOURAGE CERTIFICATE WHEN THAT CERTIFICATE IS OUR KEY TO EXPOSING THE HUGE FTD SITUATION IN CMKM DIAMONDS?

19. WHY DID BILL FRIZZELL HAVE INCRIMINATING EVIDENCE AGAINST URBAN AND OTHER INSIDERS SINCE 2005 YET DID ABSOLUTELY NOTHING MEANINGFUL WITH THE INFORMATION BUT RATHER DECIDED TO STICK BY URBAN'S SIDE UNTIL APRIL OF 2007?

20. WHY HAS IT BEEN 1 FRIGGEN YEAR TODAY THAT URBAN CASAVANT WAS CHARGED YET THERE HAS BEEN NO JUDGEMENT ON HIM DESPITE NOT RESPONDING TO THE CHARGES?

LIST OF PEOPLE I WILL EMAIL THIS TO DAILY:
whitem@sec.gov, hakalal@sec.gov, oig@sec.gov, faulkingtruth@gmail.com, 4justice@cmkmdiamondsinc.com, bfrizzell@tyler.net

The Following Link show that James Kinney was using TDAmeritrade to dump his CMKX Shares...yet TDAmeritrade has not been charged......ONLY NEVWEST

http://www.cmkmdiamondsinc.com/documents/kinney-may-2004-amtd-sample.pdf

The Following Links shows that Basic was also used to dump shares yet nobody from Basic or Fiserv has been charged ONLY NEVWEST
http://www.cmkmdiamondsinc.com/documents/vicom-oct-2004-fiserv-acct.pdf
http://www.cmkmdiamondsinc.com/documents....fiserv-acct.pdf
--------------------------------------------------------------------------------

Editor's Note - I have also sent this info to the following SEC & CNBC email addresses...

cmkmdiamonds@sec.gov, help@sec.gov, kotzd@sec.gov, schapirom@sec.gov, coxc@sec.gov, chairmanoffice@sec.gov, tradingandmarkets@sec.gov, newyork@sec.gov, losangeles@sec.gov, richardsl@sec.gov, enforcement@sec.gov, oiea@sec.gov, publicinfo@sec.gov, mccoyj@sec.gov, whitem@sec.gov, hakalal@sec.gov, murrayb@sec.gov, tysonr@sec.gov, thomsenl@sec.gov, greener@sec.gov, howellc@sec.gov, starkj@sec.gov, mckreeryj@sec.gov, kaeppleink@sec.gov, oig@sec.gov, bressmanb@sec.gov, powersd@sec.gov, schonfeldm@sec.gov, bergersd@sec.gov, hawked@sec.gov, nelsond@sec.gov, addlemank@sec.gov, gillettem@sec.gov, hoerld@sec.gov, romeror@sec.gov, israelk@sec.gov, fagelm@sec.gov

gettingreal@cnbc.com, investforsuccess@cnbc.com, headhoncho@cnbc.com, moneymakingmonday@cnbc.com, sectorwatch@cnbc.com, stockstowatch@cnbc.com, newinvestor@cnbc.com, behindthewheel@cnbc.com, wakeupcall@cnbc.com, squawk@cnbc.com, morningcall@cnbc.com, powerlunch@cnbc.com, powerguest@cnbc.com, streetsigns@cnbc.com, closingbell@cnbc.com, kudlow@cnbc.com, madmoney@cnbc.com, dennismillershow@nbc.com, donny@cnbc.com, maria@wsjreport.com, afterhours@cnbc.com

faulkingtruth@gmail.com, 4justice@cmkmdiamondsinc.com, bfrizzell@tyler.net

CMKX - CMKM Diamonds Inc. - CEO Faulk - Company Website Update

***
"The 622 billion shares that we alleged were improperly issued are included within the 703 billion issued and outstanding shares." - Leslie Hakala, SEC
***

CMKM Diamonds, Inc. Shareholders' Corner

3-25-09

The Company has had numerous inquiries from shareholders about the status of certain CMKM Diamonds, Inc. stock. The Company's viewpoint on this issue was addressed in the 9-2-08 Shareholders' Corner update:

There has been a lot of speculation and concern about whether certain shareholders are bonafide. With over 50,000 shareholders, it is impossible to say at this time with any degree of certainty whether or not individual certs are bonafide. Determining who are our actual shareholders are and who holds bonafide shares is a process that unfortunately will take considerable time, and could ultimately involve regulators and/or a legal process. However, as the Company has stated many times, we will do everything within our power to assure that anyone who purchased shares in good faith is bonafide. If you have bought shares in good faith from your broker, and have received a certificate for those shares from our transfer agent, then most likely your shares are bonafide.

Because of ongoing concern about this issue, I sent an email to the SEC detailing questions about shares of CMKM Diamonds, Inc. stock held by our shareholders. Both my email and their response is reposted below. I'll keep everyone updated on any further information and/or clarification we receive from the SEC. As always, all shareholders should be aware of their right to seek legal advice from their own attorney on any issue pertaining to their CMKM Diamonds, Inc. stock:

The company has been receiving numerous inquiries from our shareholders about the status of their shares of CMKM Diamonds stock. Some of the answers to these questions might seem obvious, but I do not feel comfortable in making assumptions when it comes to the SEC's position on issues pertaining to stock. We would greatly appreciate some guidance from the SEC on this matter. I guess the best way to address this is to simply lay out the questions that shareholders have submitted (condensed and paraphrased for the sake of expediency), and ask you to address them as best you can:

In the case of CMKM Diamonds, Inc., company officers and insiders, according to the SEC, approved the issuance of hundreds of billions of unrestricted shares "based on obviously incomplete and suspicious, and in some cases, forged documentation" (Item 35). In general, are shares issued and sold into the market through allegedly fraudulent means such as those cited in the CMKM example considered to be unrestricted and/or registered shares once they are purchased in good faith by shareholders from brokers, especially those who have applied for and received stock certificates through their brokers from the transfer agent?

Are shares originally issued through fraudulent means (as referenced in the prior question) subsequently purchased by shareholders in good faith and held in electronic form at their brokers considered to be unrestricted and/or registered shares?

At what point do said affected shares become registered and/or unrestricted shares?

Are the "up to 622 billion shares of purportedly unrestricted stock" (Item 4) issued by former company insiders in an "unregistered distribution" (Item 4), as cited by the SEC in Case 2:08-cv-00437, part of the 703 billion issued and outstanding shares, or are they above and beyond that number?

Again, I would appreciate any guidance on this issue from the SEC, so that we can respond properly to shareholders' inquiries.

Feel free to call me if you have any questions, or if we can assist you in your ongoing efforts to help us find justice in the ongoing CMKM Diamonds, Inc. investigations. As always, we are willing to cooperate in any way possible.

Sincerely,
Mark Faulk
CEO, CMKM Diamonds, Inc.

This is the response I received today from SEC attorney Leslie Hakala:

Thanks for your email. Answering your last question: The 622 billion shares that we alleged were improperly issued are included within the 703 billion issued and outstanding shares.
Unfortunately, we can’t give legal advice to investors, so we are not comfortable responding to the other questions. I have, however, passed the questions on to others in our Washington headquarters, and will let you know if they can provide any guidance.

Regards,
Leslie

CMKX - CMKM Diamonds - SEC Enforcement Blows Off Inspector General's Recommendations

Business As Usual At The 'New' SEC...

SEC Enforcement Division Ignores Recommendations From Inspector General On Stopping Naked Short Selling.

"We have recently alleged such behavior in the widely-discussed CMKM Diamonds litigation."

Practices Related to Naked Short Selling Complaints and Referrals

March 18, 2009
Report No. 450
Appendix VI

OIG Response to Management Comments

We are disappointed that the Division of Enforcement (Enforcement) only concurred with one of the 11 recommendations in this audit report. We are particularly concerned that Enforcement did not concur with the report’s first three recommendations that it develop written in-depth triage analysis steps for naked short selling complaints, as it has for other complaints; that it revise its written guidance to the Enforcement Complaint Center staff to ensure that naked short selling complaints are given a proper level of scrutiny and referred for further investigation; and that it add naked short selling to the list of categories of complaints on the Commission’s public webpage and develop an online complaint form specifically tailored to naked short selling complaints.

As we discussed in our report, the SEC has repeatedly recognized that naked short selling can depress stock prices and have harmful effects on the market. In adopting a naked short selling antifraud rule, Rule 10b-21, in October 2008, the Commission stated, “We have been concerned about ‘naked’ short selling and, in particular, abusive ‘naked’ short selling, for some time.” In this report, we determined that Enforcement’s current policies and procedures appear to limit significantly the referral of naked short selling complaints, and that its written policies and procedures result in naked short selling complaints being treated differently from other types of complaints of securities law violations. Notwithstanding the Commission’s previous statement and our findings, Enforcement responded to our report by stating that “there is hardly unanimity in the investment community or the financial media on either the prevalence, or the dangers, of ‘naked’ short selling,” and references the view held by some that “the threat posed by ‘naked’ short selling is wildly exaggerated . . . .” Accordingly, Enforcement concludes that the report’s recommendations, which are intended to allow for more thorough investigations of naked short selling complaints, are not optimal uses of Commission resources. We would hope that Enforcement reconsiders this position in light of the Commission’s stated concerns about the effect of naked short selling on the market.

We are also disappointed that Enforcement does not intend to implement immediately our specific recommendations (Nos. 5-11) designed to improve its complaints, tips and referral process. We understand that the SEC’s new Chairman has announced the enlisting of a contractor to conduct a comprehensive review of internal procedures used to evaluate tips, complaints, and referrals for the entire agency, and we will certainly work closely with the contractor to assist with this review. Nonetheless, we believe that implementation of our recommended improvements should begin now, in coordination with the contractor’s review, to ensure that the implementation of necessary improvements to Enforcement’s complaint system is not unduly delayed.

Practices Related to Naked Short Selling Complaints and Referrals March 18, 2009
Report No. 450 - Page 44

Audit Requests and Ideas
The Office of Inspector General welcomes your input. If you would like to request an audit in the future or have an audit idea, please contact us at:

U.S. Securities and Exchange Commission
Office of Inspector General
Attn: Assistant Inspector General, Audits (Audit Request/Ideas)
100 F Street, N.E.
Washington D.C. 20549-2736
Tel. #: 202-551-6061
Fax #: 202-772-9265
Email: oig@sec.gov

Hotline
To report fraud, waste, abuse, and mismanagement at SEC, contact the Office of Inspector General at:
Phone: 877.442.0854
Web-Based Hotline Complaint Form:
www.reportlineweb.com/sec_oig

CMKX - CMKM Diamonds Inc. - Possible CMKX / FFGO Connection Uncovered...??

Same Pink Sheet PR Strategy...??

(Editor's Note - Please accept my apology in advance for this ridiculously long post, but FFGO has issued a large number of PR's which change, delay, or reschedule the Extraordinary Dividend, which was originally announced on July 24, 2008.)

Extraordinary Dividend
Thursday July 24, 2008 10:58 am ET
Company to Distribute US$400 Million in Gold Assets to Its Stockholders as an Extraordinary Dividend
Alan Santini, the CEO of Fortress Financial Group, Inc., commented, that he hoped that "This Extraordinary Dividend will go a long way to rewarding long standing stockholders who have watched their stock decrease in value over time."

Clarification on Extraordinary Dividend
Thursday July 24, 2008 11:57 am ET
Company Clarifies Its "Record Date" in Respect of the Extraordinary Dividend
The "Record Date" for this Extraordinary Dividend cannot be before late August in 2008 and will therefore apply to stockholders on or around that date. Stockholders will be advised well in advance as to the "Record Date" and the "Pay Date." It will take at least three weeks to co-ordinate and prepare for this Extraordinary Dividend in order to ensure that all stockholders on the "Record Date" receive the Dividend.

Further Clarification
Friday July 25, 2008 10:38 am ET
Company Clarifies a Number of Issues Raised by Its Stockholders
24. WHAT IS THE LIKELY DATE FOR THE "RECORD DATE" FOR THIS EXTRORDINARY DIVIDEND:
The process of naming the "Record Date" is likely to take as long as
three weeks, given the number of parties involved in the co-ordination
of the distribution and payment of this Extraordinary Dividend.

Extraordinary Dividend Update
Tuesday July 29, 2008 8:30 am ET
Company Confirms Negotiations With Goldco to Issue "Free Trading Stock"
Goldco, as a "Reporting Company" with SEC, is required to file a Registration Statement in respect of these shares being issued to the Company.
However, Goldco is exploring avenues with your Company to ensure that stockholders do not receive Goldco shares that are untradeable and restricted for any substantial period of time.

Potential Change of Control
Thursday July 31, 2008 11:31 am ET
Company Confirms It Has Been Advised That a Private Equity Group Intends to Acquire 51% of the Company's Outstanding Stock
The CEO and controlling stockholder of the Private Equity Group has confirmed that Alan Santini will remain as CEO of Fortress Financial Group, Inc. and that the Extraordinary Stock Dividend will proceed as announced.

Additional Clarification
Friday August 1, 2008 10:03 am ET
Company Clarifies a Number of Issues Raised by Its Stockholders
6. WILL THE COMPANY STILL BE PAYING THE EXTRAORDINARY DIVIDEND AFTER THE ASSUMPTION OF A CONTROLLING INTEREST BY THE PRIVATE EQUITY GROUP:
Absolutely yes. They invested primarily as they saw our Company as a
"value play." They are 100% behind the payment of this Dividend. It is of huge benefit and profit to themselves.

Brief Update
Friday August 8, 1:55 pm ET
Company Provides a Brief Update to Its Stockholders
2. The Extraordinary Dividend remains unchanged and we are working on the "Record Date" with all parties.

Statement by CEO
Monday August 11, 10:20 am ET
Company CEO Makes a Formal Statement to His Stockholders
It would appear that the primary concerns of our stockholders are:
1) When will the Company declare the "Record Date" of the Extraordinary Dividend?
The "Record Date" for the Extraordinary Dividend will be announced in late August of 2008 as promised.

Statement
Monday August 18, 1:59 pm ET
Company Issues Statement on Its Future Direction and Disposal of Its Assets
The Company confirms that a number of substantial and extraordinary changes within the Company are be enacted and with immediate effect.
-- Company to distribute all of its Gold assets (through the Goldco
shares) to its stockholders in the form on an Enlarged Extraordinary
Dividend.
-- Company attempting to pay a further Dividend to its stockholders in
cash.
11. The Company will now focus on setting a "Record Date" and "Pay Date" for this enlarged Extraordinary Dividend. Stockholders will be advised as to these dates ahead of time; in order to be eligible for the receipt this enlarged Extraordinary Dividend; and all other Stock Dividends.

Schedule of Stock Dividends
Thursday August 21, 1:01 pm ET
Company Clarifies the Stock Dividend Distribution
1. ENLARGED EXTRAORDINARY DIVIDEND OF GOLDCO SHARES OF COMMON STOCK
Company to distribute all of its Gold assets (through the Goldco shares) to its stockholders in the form of an Enlarged Extraordinary Dividend.
The "Record Date" and the "Pay Date" will be announced at such time as the Company is in possession of its shares of Goldco.
Goldco has indicated completion on August 29, 2008.
The Company will not delay in setting this "Record Date"; of that, stockholders may rest assured.
2. SECOND DIVIDEND; THAT BEING STOCK IN ALAN SANTINI'S NEW COMPANY:
3. THIRD CASH DIVIDEND IN RESPECT OF THIS COMPANY'S STOCK HOLDING IN HUNT GOLD CORPORATION:
Alan Santini added "that he was not in the business of giving a free ride to those who wish to purchase stock solely for these Dividends, as his loyalties lay with his long term stockholders and warned that very little notice will be given in respect of the 'Record Dates' of these stock dividends.

30% Increase in Dividend Value
Monday August 25, 9:53 am ET
Company Confirms Sale of Gold Assets for Substantially Higher Price and a 30% Increase in Value of Extraordinary Dividend
This will not delay the payments of the Extraordinary Dividend; which has now been increased by 30% in value. The Company expects to be in a position to confirm the "Record Date" of this Extraordinary Dividend, within days.

Valuation of Extraordinary Dividend
Monday August 25, 1:40 pm ET
Company Confirms the Valuation of the Extraordinary Stock Dividend
The Company is working with professional advisors whom will be coordinating the payment of these this Extraordinary Dividend. The Company in conjunction with its Advisors, will be announcing both the "Record Date" and the "Payment Date" of this Extraordinary Dividend, very shortly.
Hurasu Resource Corporation is purchasing all of the remaining stock in both the "Bouse" and "South Copperstone" companies.
This will be an unrelated transaction to the Extraordinary Dividend and will not serve to delay the payment of this Extraordinary Dividend in any way whatsoever.

Record Date of Extraordinary Dividend
Wednesday August 27, 3:26 pm ET
Company Confirms That the "Record Date" of the Extraordinary Dividend Is Being Expedited
Fortress Financial Group, Inc. confirms that it is in a position to proceed with the setting of the "Record Date" of the Extraordinary Dividend.
The Company will not be waiting for Hurasu to complete their own reorganization, prior to our setting the distribution dates and it has now been agreed with the Management of Hurasu that this Company can now proceed with the setting of the "Record Date" without any delay.The Company will (a) announce the "Record Date" and the "Pay Date" and (b) file a Form 8-K to this effect; within minutes of the "Record Date" and the "Pay Date" being confirmed and published by the NASD.
There will no longer be any delay whatsoever in the setting of these dates as the Company is now extremely anxious to distribute these shares of Hurasu Common Stock and to remove all of the prevailing uncertainty that currently exists with our stockholders.

Statement
Tuesday September 16, 2:34 pm ET
Company Deals With the Key Issues Concerning Its Stockholders
2. The sale of the Company's holdings in both "Bouse" and in "South Copperstone" are a "done deal." The Stock Dividend will be declared upon the Company's receipt of the stock received in respect of this sale; and as previously announced.
This is expected to complete this week.

Stock Dividend Valuation
Wednesday September 17, 11:04 am ET
Company Confirms the Final Valuation of Its Extraordinary Stock Dividend
The Company can confirm that this Dividend is valued at US$0.0239 for every 1 (one) share of this Company's Common Stock.
It is expected that the Company will be in a position to confirm both the "Record Date" and the "Pay Date" in respect of this Stock Dividend, within days now.

Company to Attempt Further Stock Repurchases
Wednesday October 1, 11:32 am ET
Company in Discussions With Lenders in an Attempt to Secure Funding to Repurchase Additional Shares of Its Common Stock
The Company's CEO will be issuing a full statement on Friday October 3, 2008 to clarify the situation and to deal with investor concerns. The Company's Management wishes to stress that the Extraordinary Dividend is being paid to its stockholders as promised and that the Company's situation remains unchanged.

Statement
Friday October 3, 1:48 pm ET
Company Confirms Ongoing Discussions to Effect a Reverse Merger
The Company stresses that should this proposed Reverse Merger be agreed upon, this will not affect the payments of the Stock Dividends.

Update on Reverse Merger
Monday October 6, 12:40 pm ET
Company Clarifies the Details of the Reverse Merger Under Consideration
The Company will state for the last time that the Extraordinary Dividend is unaffected by these discussions and that this Dividend will be paid regardless and as announced.
The Company will announce the "Record" and "Pay" dates in respect of this Stock Dividend as and when it is in a position to do so.

Extraordinary Dividend Payout
Thursday January 15, 11:26 am ET
Company Updates Its Stockholders on the Extraordinary Dividend Payout
The Company is pleased to announce that all terms, pricing per share and conditions of the Extraordinary Dividend remain unchanged and that we are now very positive that this process will be completed within the next six weeks;
the "Record Date" and the "Pay Date" of this Extraordinary Dividend will be announced this month.

Hurasu Dividend Payout
Friday January 16, 12:57 pm ET
Company Files a Form 8-K Clarifying the Distribution of Hurasu Resource Corporation Shares of Common Stock
This Form 8-K deals with the forthcoming Extraordinary Dividend as well as the payment of the remaining outstanding Stock Dividends.
The Extraordinary Dividend "Record Date" and "Pay Date" will be announced in a very short time frame.

Update on Hurasu Dividend Payout
Wednesday January 21, 11:57 am ET
Company Confirms the Imminent "Record Date" and "Pay Date" Declarations of the Extraordinary Dividend
This Form 8-K dealt with the forthcoming Extraordinary Dividend as well as the payment of the remaining outstanding Stock Dividends.
The Company is now in a position to confirm that the Extraordinary Dividend "Record Date" and "Pay Date" will be announced shortly; the Company is awaiting completion of the final statutory details from Hurasu Resource Corporation.

Update
Friday January 30, 9:38 am ET
Company to Set Out Extraordinary Dividend Dates on Wednesday, February 4, 2009
Fortress Financial Group, Inc. will be announcing its Extraordinary Stock Dividend dates on Wednesday, February 4, 2009 prior to the market open on that day.

Stock Dividend Payment
Wednesday February 4, 9:54 am ET
Company Sets Out the Process and Proposed Dates for the Payment of the Extraordinary Stock Dividend
-- "Record Date" for Extraordinary Stock Dividend to be in February of 2009
5. Fortress Financial Group, Inc. will obtain a "Record Date" and a "Pay Date" for this Stock Distribution and once these dates are approved by FINRA; announce these dates.
The Company does not intend to wait for the delivery of the Hurasu stock certificate; before setting its "Record Date" and its "Pay Date."
The Company anticipates a "Record Date" on or around Friday, February 27, 2009 with a "Pay Date" being two weeks thereafter.
8. Hurasu will be trading at a price of US$12.50 per share of Common Stock at the Company's "Record Date"; valuing this Extraordinary Dividend in the amount of US$807,012,988.
This is equal to a price of US$0.029 for every 1 (one) share of Fortress Financial Group, Inc. Common Stock.
At the "Pay Date," Fortress Financial Group, Inc. stockholders will receive an amount of 0.234 shares of Hurasu Resource Corporation Common Shares for every 100 (one hundred) shares held in Fortress Financial Group, Inc.

Clarification on Record Date
Wednesday February 4, 11:19 am ET
Company Clarifies "Record Date" on Its Payment of the Extraordinary Stock Dividend
Fortress Financial Group, Inc. wishes to clarify that it intends to immediately set its "Record Date" and once approved by FINRA, announce that date to its stockholders.
The "Record Date" will be announced early next week and very possibly sooner than that, and not at the end of February of 2009.

Update on Stock Dividend
Friday February 13, 9:44 am ET
Company Updates Stockholders on Extraordinary Dividend Payments
Hurasu Resource Corporation is completing its restructuring and has announced this morning confirmation of these actions.
Upon their completion of their Corporate Actions, we will be in a position to complete the Extraordinary Stock Dividend payment process.

Acquisitions
Friday February 20, 9:33 am ET
Company Confirms Agreements to Acquire the "Bouse" and "South Copperstone" Gold Mining Properties
These shares of Hurasu Resource Corporation in the amount of 64,561,039 are to be distributed in full to Fortress Financial Group, Inc.'s stockholders as an Extraordinary Dividend at a date to be set by Fortress Financial Group, Inc.
Hurasu Resource Corporation and its Transfer Agent will work alongside Fortress Financial Group, Inc. and its Transfer Agent; to facilitate the accurate and orderly payment of Fortress Financial Group, Inc.'s Extraordinary Stock Dividend of Hurasu Resource Corporation's restricted shares of Common Stock to eligible Fortress Financial Group, Inc. stockholders.

CMKX - CMKM Diamonds Inc. - An Open Letter To ALL Government Officials

This update was published on the official CMKM Diamonds web site today, Sunday, Feb.8th, 2009, by the current CEO, Mark Faulk.
Can you verify that this information is true...??
- That there actually IS a Task Force working on this...??
- That the company IS actually working with the government on this investigation...??
- That CMKM shareholders are being added to the Victim Notification System (VNS)...??
- That CMKM shareholders have a snowball's chance in Hell of ever getting paid as a result of this massive fraud...??
--------------------------------------------------------------------------------
Shareholders' Corner...
2-8-09
CMKM Diamonds, Inc. has recently taken a number of steps to encourage the Department of Justice, Federal Bureau of Investigation, and the Internal Revenue Service to finally issue indictments and commence criminal proceedings against former CEO Urban Casavant and insider John Edwards and their cohorts, who blatantly stole $250 million from the Company and its shareholders.

Over the last two weeks, CMKM and its shareholders have contacted hundreds of public officials, including congressmen, federal regulators, criminal agencies, and people within President Obama’s administration. Although our letter was addressed to President Obama, our hope was that anyone in a position of authority would hear our plea for justice. One CMKX shareholder, a United States Air Force pilot who was just one of dozens of soldiers who were ruthlessly targeted in this massive fraud, worded it this way in his email to public officials: “The SEC, DOJ, FBI, etc. have dragged out this case for years and have no sense of urgency”.

While the Company cannot say for certain whether or not there was any “sense of urgency” in the past, we can confirm that the Company and its shareholders’ efforts have not fallen on deaf ears. Of particular significance was a single email directed to 20 people within the DOJ, FBI, IRS, SEC, and FINRA, containing the CMKM Plea for Justice, along with an introductory email, which said, in part:

I am aware of a joint Task Force consisting of the DOJ, FBI, and the IRS, assisted by the SEC, that has been investigating this massive fraud for the past few years. I know that our criminal agencies are overworked and underfunded, but this fraud is a travesty. These shareholders have been waiting for years to see criminal charges filed against those who blatantly stole hundreds of millions of dollars from them. Current management at CMKM Diamonds has in the past assisted the various agencies in their efforts, but I would like to extend that offer once again, We have hundreds of thousands of pages of bank account records, transfer agent records, and trading records, as well as other evidence that might be helpful to your efforts. Please contact me if I can be of assistance, and I would appreciate a reply so that I can at least be assured that this investigation has not been abandoned.

And please......PUT THESE CRIMINALS IN PRISON!!

When that email was sent out, the Company received a phone call from a member of the Task Force less than two hours later, asking us to assist them in their investigation. We are doing everything within our power to help them expedite their investigation, and will continue to do so. It is my belief that they are continuing their efforts with a renewed sense of urgency.

While we provide assistance to the Task Force, we believe it is in the best interest of CMKM Diamonds and its shareholders to continue to encourage a swift conclusion to the investigation, while at the same time being careful not to impede their progress. This is why we have followed up our letter by posting a petition to the DOJ, FBI, and IRS Task Force investigating CMKM Diamonds. Inc (CMKX). We intend to send them a preliminary copy as soon as we reach a thousand signatures, but we hope to have many more in the near future. We encourage all shareholders and other advocates for justice in our financial system to sign the petition and help us distribute it to others who might join our fight.

The Company has also mailed a Letter of Request to the Task Force asking that all CMKM Diamonds, Inc. (CMKX) shareholders be added to a victims’ list under the Victim Notification System (VNS). All recognized victims on the list have certain rights as specified in the “Help for Victims of Crime” brochure published by the Department of Justice, including “The right to proceedings free from unreasonable delay”. We have included a list of all shareholders who we have been able to identify through the cert pull conducted in late 2005 and 2006. Although this list is incomplete, it will give the FBI (during the investigation phase) and the DOJ (once charges have been filed) a starting point in contacting victims in the CMKM Diamonds, Inc. fraud case.

As we move forward with our civil lawsuits and other company business, CMKM Diamonds, Inc. will also continue to work with all federal agencies to ensure that all those who conspired to steal an estimated $250 million are punished to the fullest extent of the law. I would like to thank our Advisory Committee, Board of Directors, Corporate Counsel, and our dedicated shareholders for their untiring efforts in this cause.

Mark Faulk, CEO
--------------------------------------------------------------------------------
Editor's Note - I have emailed this information to 'my pals' at the SEC...
cmkmdiamonds@sec.gov, help@sec.gov, kotzd@sec.gov, coxc@sec.gov, chairmanoffice@sec.gov, tradingandmarkets@sec.gov, newyork@sec.gov, losangeles@sec.gov, enforcement@sec.gov, oiea@sec.gov, publicinfo@sec.gov, mccoyj@sec.gov, whitem@sec.gov, hakalal@sec.gov, tysonr@sec.gov, thomsenl@sec.gov, greener@sec.gov, howellc@sec.gov, starkj@sec.gov, mckreeryj@sec.gov, kaeppleink@sec.gov, oig@sec.gov, powersd@sec.gov, schonfeldm@sec.gov, bergersd@sec.gov, hawked@sec.gov, nelsond@sec.gov, addlemank@sec.gov, gillettem@sec.gov, hoerld@sec.gov, romeror@sec.gov, israelk@sec.gov, fagelm@sec.gov

CMKX - CMKM Diamonds Inc. - Officers Petition Criminal Agencies - DOJ, FBI, and IRS Task Force

CMKM Diamonds Corporate Updates

February 4th, 2009
CMKM Petitions Criminal Agencies to File Charges in Major Stock Market Scandal

At CMKM Diamonds, we are fighting a war on multiple fronts. While we move forward with our own corporate lawsuits in an effort to return value to the Company, we are also urging our government to enact justice against those who have wronged our shareholders. In order to keep pressure on the DOJ, FBI, and IRS Task Force that has been investigating the fraud committed by those criminals who stole an estimated $250 million dollars from innocent CMKX investors, we have posted a petition seeking justice “in one of the largest and most blatant singular frauds ever perpetrated in our financial markets”. When enough signatures are accumulated to present a united front, we will present the petition to those who are in charge of the investigation and their superiors.

We have always believed that properly motivated, our shareholders are our greatest asset. This is a perfect opportunity to, in the words of Company Chairmen Kevin West, “unite this group of wonderful people, our shareholders, for a common cause.”

PLEASE go to http://www.petitiononline.com/CMKX/petition.html
to sign the petition. Let the government Task Force know that WE WILL NOT GO AWAY QUIETLY. Let your voices be heard. Post it on message boards, discuss it in chat rooms, and send it to everyone you know. You do not have to be a shareholder to sign the petition, just a citizen who believes that justice still counts for something in our country. Let CMKM Diamonds be the first step in cleaning up the rampant corruption that plagues our financial system. United we can change the world.

--------------------------------------------------------------------------------
To: DOJ, FBI, and IRS Task Force investigating CMKM Diamonds, Inc. (CMKX):

PETITION:

CMKM Diamonds and its shareholders respectfully ask that our government seek justice in one of the largest and most blatant singular frauds ever perpetrated in our financial markets. The company's stock (trading as CMKX) was revoked over three years ago, but its shareholders still await the filing of criminal charges against the numerous individuals who defrauded over 50,000 shareholders of an estimated $250 million.

From 2003 until late 2005, criminals in control of CMKM Diamonds, Inc. sold over 703 billion shares of stock to unsuspecting shareholders, including blue collar workers, the elderly, disabled, and even soldiers fighting for our country in Iraq and Afghanistan. Mastermind John Edwards and CEO Urban Casavant were aided and abetted in their crimes by high-powered attorneys, accountants, transfer agents, major banking institutions, brokerage houses, and clearing firms.

On April 8, 2008, the SEC charged 11 individuals and 3 corporate entities with civil violations, but despite a mountain of evidence clearly showing massive criminal fraud, a multi-year investigation by the DOJ, FBI, and IRS has yet to produce a single criminal indictment. Many of the criminals have already fled the country, while others are involved in new scams with the intent of robbing other investors.

To view a Letter to the President and supporting evidence sent out by current CMKM Diamonds, Inc. management, go to: www.cmkmdiamondsinc.com/letter_index.html

We the undersigned ask that the DOJ, FBI, and IRS to act immediately to issue criminal indictments against all of those individuals who conspired to defraud 50,000 CMKX shareholders of over $250 million.
http://www.petitiononline.com/CMKX/petition.html

CMKX - CMKM Diamonds - Open Letter To President Obama On CMKX

Return To The Rule Of Law... Fix CMKX...!!

free-press-release.com

For_Immediate_Release:
United States of America (Press Release) January 27, 2009 -- A real letter to President Obama,

Dear President Obama,

An initial statement of congratulations. Not only have you made history, but you have actually given Americans hope, especially with your immediate executive orders and your promise to return to the rule of law to America.

I humbly suggest that the first place that you start with returning the rule of law to America is with the matter of CMKX Diamonds. We are a penny stock that was used as a sting operation to catch the MASSIVE naked short sellers on Wall Street. The company had literally trillions of shares electronically counterfeited, via the illegal practice known as Naked Short Selling, a practice that has been perpetrated by the enemies of this nation through offshore hedge funds with the assistance of non-enforcement of the law by our regulators.

According to Orrin Hatch, while member of the Senate Judiciary Committee, in 2005 he stated that a minimum of $6 billion per day was “naked shorted” which amounts to $6 billion per day being stolen out of the American economy by those who can only be deemed as the very worst of financial terrorists. The figure has risen since that time.

The intelligence agencies addressed this matter in 2004-2005 by bringing in top intelligence operative Robert Maheu, who helped facilitate the company taking a “non trading status” to lock in the naked short position, and thereafter, have a certificate pull and share count to expose the naked short position. Unfortunately for the shareholders, the management who took over for Mr. Maheu seemed to have another agenda as they counted the certificates and stopped just short of exposing the true naked short position, which of course, protected the naked short sellers. When the company stopped counting shares in 2006, there were trillions of uncounted naked shorted shares left so that the public share count reflected a reality that the company was never naked shorted at all. The question remains why stop the share count?

Very recently, former CEO and current Chairman of the Board Kevin West stated that the company “ran out of money to complete the share count,” the entire time the company was paying salaries, attorney fees, funding lawsuits and the like. This is a completely inconsistent position with the very nature of the certificate pull due to the fact it was used to prove the crux of the company’s claims – the naked short itself! Incidentally, the company and the related industry agents, spent several millions of dollars to fund the certificate pull and related newspaper publications, etc. Why would they stop just before exposing the facts that would blow the case wide open?

The concern that the shareholders have is that a separate group of people, which includes current management and according to some, former political figures, have hijacked the CMKX claims by transferring them from the Nevada Corporate entity known as CMKX to a separate CMKX company formed in Texas, a company in which the shareholders of the Nevada Corporation were not included. Did they cut a secret deal behind the shareholders’ backs? As you may note, you recently received a letter from our current CEO Mark Faulk which misdirected you from the facts I have stated above and towards a former CEO, Urban Casavant. Notice how Faulk focused upon justice against the former CEO and not the entities who have caused the financial terrorism with unrelenting naked short selling and counterfeiting? Such misdirection and a failure to identify the real criminals is completely consistent with terms of a confidentiality agreement. Was a secreted deal with the broker, dealers and the DTCC made and the shareholders excluded? Huge claims should still exist against the financial institutions; yet the company is refusing to pursue them, another fact consistent with the position that a deal was already made.

For that matter, current CEO Mark Faulk wrote a book about this stock in particular entitled “The Naked Truth,” and addressed naked shorting in the market as a whole, but conveniently would not commit to the fact CMKX was naked shorted and a sting operation was carried out. Then he somehow found the funds to purchase an existing radio station that was dedicated to exposing the facts of naked shorting with CMKX, started a campaign of disinformation against the possibility of a sting operation, and went so far as to state that the shareholders were a “cult” for believing that there was a sting operation. In the end, after all of this criticism, this serious critic of the shareholders and their beliefs mysteriously became the new CEO with out a single shareholder vote. Now, he has written you a letter as what many deem to be a serious misdirection at a time that you are promising to return to the rule of law. Very interesting timing indeed.

Mr. President, I write this letter to you for the shareholders, not a tightly knit special interest group within the company. The shareholders know that Robert Maheu was sent in to this situation to fix the problem and do as he promised, “extract maximum value for the shareholders.” The shareholders’ great concern is that Mr. Maheu was very successful in his task, but as his health failed and he passed away in 2008, the operation was hijacked by the insiders. There may even have been a settlement with the DTCC and CMKX - THE TEXAS CMKX - and again, the real shareholders from the Nevada Corporation were not included.

Sir, you have stated that America will return to the rule of law. I must say that those words are both powerful and a true deliverance of hope for all Americans at a time of despair. Will you please look into this situation and help bring justice to the approximately 50,000 shareholders who have been literally on pins and needles for over five years?

Many thanks and God Bless,

CMKX - CMKM Diamonds - SEC Probe In Madoff Scam...??

SEC Self-Probe? Ha!
SAN DIEGO READER
By Don Bauder | Published Wednesday, Jan. 21, 2009

The Securities and Exchange Commission, the federal agency that is supposed to protect investors from Wall Street predators, says it is going to investigate how it missed the Bernie Madoff scam. San Diego’s Gary Aguirre, speaking from personal experience, knows that’s impossible. Any securities agency probe will be a cover-up.

New York’s Madoff ran a $50 billion Ponzi scheme. The securities commission admits that allegations about Madoff’s scheme had been repeatedly brought to the agency’s attention since 1999. “I am gravely concerned by the apparent multiple failures over at least a decade to thoroughly investigate these allegations,” proclaimed the agency’s Bush-era chairman, Christopher Cox, last month, announcing the supposed self-probe.

Balderdash. The only thing Cox is “gravely concerned” about is that the American public might finally understand the agency’s actual mission. For as Aguirre, a former attorney for the agency, points out, the Securities and Exchange Commission (SEC) does not exist to protect investors from Wall Street predators. It exists to protect powerful Wall Street predators from investors.

The notion that the agency can probe its own officials is hilarious — a real knee-slapper. In late December, Senator Arlen Specter (R-PA) heaped scorn on the securities agency’s ability to investigate itself in the Gary Aguirre case. Now the agency says it will open that probe again. “Reopening the investigation marks a new embarrassment for the beleaguered S.E.C., suggesting that, as in the Bernard Madoff case, it may have failed earlier to follow up adequately on strong indications of possible wrongdoing,” says Portfolio.com.

Aguirre puts it more strongly: the securities agency “cannot be trusted with an investigation of itself, especially when the investigation [involves] the highest levels of the SEC.”
Aguirre’s case lays bare everything that the securities agency is: a whorehouse catering to Wall Street’s elite. After a long and successful career practicing law in San Diego, Aguirre, brother of former City Attorney Mike Aguirre, decided to try public service. He joined the agency and began looking into a possible insider-trading case. A hedge fund, Pequot Capital Management, had made a bundle buying up stock in a firm just before the announcement that the firm would be acquired by another company. Pequot had also made money betting that the stock of the acquiring company would go down, as is normal. Before Pequot made those bets, John Mack, the hedge fund’s former chairman and a current investor, had talked with both the investment banking firm handling the acquisition and with Pequot’s current chairman, a close personal friend.

Aguirre wanted to interview Mack. But his boss said Mack had big Washington connections — specifically, to President George W. Bush. Aguirre protested. Just weeks after he had been given a strongly positive job review, Aguirre was fired. The Senate’s Committee on Finance and Committee on the Judiciary did a 108-page study on the matter.

There were some hair-raising findings. While Aguirre was trying to get the Mack interview, an attorney at the Debevoise and Plimpton law firm sent Paul Berger, Aguirre’s boss, an email with the opening words “Yowza!” It described how an ex-SEC lawyer could make $2 million a year with the firm. One of the top attorneys at the Debevoise firm contacted a senior official of the securities agency on behalf of Mack and behind Aguirre’s back. After he fired Aguirre, Berger took a job with Debevoise. Similar quid pro quos are called the “revolving door” phenomenon — agency officials do dirty work while at the commission and then go with a big law firm representing the crooks who got off. Mack wiggled off the hook and went on to become chief executive of Wall Street’s Morgan Stanley.

The two Senate committees vindicated Aguirre, denouncing his firing and concluding it was logical that he interview Mack. Then the agency’s inspector general, H. David Kotz, authored a 191-page study of the case. Kotz basically agreed with the two Senate committees. He recommended that the agency discipline its enforcement director and one other official. Kotz, too, blasted the ease by which the Wall Street law firm got special access to securities agency officials. He questioned the “impartiality and fairness” of the agency’s handling of the Mack investigation and firing of Aguirre.

Then the agency’s cover-your-ass team went into action. An administrative law judge, one Brenda Murray, was assigned to second-guess Kotz’s report. Just a few weeks later, her 15-page paper exonerated the two officials who Kotz said should be disciplined. Kotz was shocked and said so publicly.
Now we get to the heart of the agency’s double-dealing. As Senator Specter stated, Brenda Murray “was described in press accounts as an administrative law judge, and it was not until further inquiry that the SEC admitted she was not acting in a judicial capacity in issuing her decision.” In short, the agency picked a loyal staffer who happened to have the title “administrative law judge” and had her exonerate the officials who had been sharply criticized by the Senate committees and by the inspector general. But she was not acting as a judge at all — just a soldier taking orders.
Murray’s quickie report “was completely irregular in every detail,” says Aguirre. “It was outside the jurisdiction of an administrative law judge. The SEC pulled a scam.”

Senator Charles Grassley (R-Iowa), who spearheaded the investigation with Specter, said, “[I]t looked like the lawyers for the wrongdoers wrote the decision.”

Columnist Bruce Carton of Compliance Week wrote that agency staffers were stunned at the whitewash; Murray did not use the standard procedures for reviewing an internal-discipline recommendation. “Murray made her decision that discipline was not appropriate based almost exclusively on the one-sided information she received from counsel for the various subjects,” wrote Carton. “This information was not subject to any cross-examination or any follow-up by the [inspector general’s] office or other parties involved, and additionally was not provided under oath.”

One prominent attorney said that in Murray’s whitewash, the securities agency had merged “the functions of prosecutor, judge, jury, and appellate tribunal” under the same roof.
It gets even worse. One reason the Pequot case is being reopened is that a divorce suit has revealed that the hedge fund agreed to pay $2.1 million to a former Microsoft employee who was apparently feeding information on his former employer. “Pequot made a boatload of money” betting on Microsoft securities, based on such information, says Aguirre, but the agency found a way to drop the Microsoft angle of the investigation. But Aguirre has come up with new facts that have forced the agency to reopen the probe.

There’s more: In the same report in which she cleared Aguirre’s nemeses, Brenda Murray vindicated an agency official who closed an investigation into the derivatives dealings of Wall Street’s Bear Stearns in 2007. Early the next year, the Wall Street firm was rescued from bankruptcy when it was forced into J.P. Morgan, backed by $29 billion of federal money. Bear’s derivatives gambling was to blame. The agency missed it and then exonerated itself.

And the agency is going to look into whether it did its job properly in the Madoff case? Come now.

CMKX --*-- CMKM Diamonds Inc.--*-- *******Happy New Year...!!*******

"Cheers to a New Year and another chance to get it right."
- Some anonymous smart person.


Clint Eastwood Marathon on AMC...

'Fistful Of Dollars'
Baxter woman, putting a curse on her enemies, just before she is killed...
"I hope you all die spitting up blood...!!"


My sentiments exactly, for ANYONE responsible for causing CMKX shareholders to ENDURE the TORTURE of this 6 YEAR ORDEAL...!!

You all know who you are...!!

CMKX - CMKM Diamonds ---- Mad Money **Cox-Madoff Memorial Wall of Shame**

Mad Cap Recap
"One more thing: Cramer has decided that SEC Chairman Christopher Cox is so worthy of our spite and vitriol – have you noticed how he’s blaming everyone else at the SEC other than himself for Madoff’s $50 billion fraud and the market’s other regulatory problems? – that it’s actually an insult to New York Giants wide receiver Plaxico Buress to award Cox the Plaxy Good Judgment Award.

So going forward the award will be called the Christopher Cox Award for Good Judgment. And, as a way to enshrine the men who defined this era of no regulation, the Wall of Shame will henceforth be named the Cox-Madoff Memorial Wall of Shame."

Cramer's Outrage Video
Mad Money host Jim Cramer is outraged with himself for comparing Cox to Plaxico.

CMKX - Cramer On The SEC...

CNBC Video... 12/11/2008

Cramer's Market Strategy

or

"How I learned to love Chairman Cox & the SEC...
Even though THEY KNOW NOTHING...!!"

CMKX - CMKM Diamonds Inc. - The Secret Diamond Claims...

A diamond that is almost forever


Diamond star thrills astronomers...

Twinkling in the sky is a diamond star of 10 billion trillion trillion carats, astronomers have discovered.

The cosmic diamond is a chunk of crystallised carbon, 4,000 km across, some 50 light-years from the Earth in the constellation Centaurus.

It's the compressed heart of an old star that was once bright like our Sun but has since faded and shrunk.

Astronomers have decided to call the star "Lucy" after the Beatles song, Lucy in the Sky with Diamonds.

Twinkle twinkle

"You would need a jeweller's loupe the size of the Sun to grade this diamond," says astronomer Travis Metcalfe, of the Harvard-Smithsonian Center for Astrophysics, who led the team of researchers that discovered it.

The diamond star completely outclasses the largest diamond on Earth, the 546-carat Golden Jubilee which was cut from a stone brought out of the Premier mine in South Africa.

The huge cosmic diamond - technically known as BPM 37093 - is actually a crystallised white dwarf. A white dwarf is the hot core of a star, left over after the star uses up its nuclear fuel and dies. It is made mostly of carbon.

For more than four decades, astronomers have thought that the interiors of white dwarfs crystallised, but obtaining direct evidence became possible only recently.

The white dwarf is not only radiant but also rings like a gigantic gong, undergoing constant pulsations.

"By measuring those pulsations, we were able to study the hidden interior of the white dwarf, just like seismograph measurements of earthquakes allow geologists to study the interior of the Earth.

"We figured out that the carbon interior of this white dwarf has solidified to form the galaxy's largest diamond," says Metcalfe.

Astronomers expect our Sun will become a white dwarf when it dies 5 billion years from now. Some two billion years after that, the Sun's ember core will crystallise as well, leaving a giant diamond in the centre of the solar system.

"Our Sun will become a diamond that truly is forever," says Metcalfe.

Last Updated: Monday, 16 February 2004, 15:31 GMT

CMKX - CMKM Diamonds Group Think...!!

CMKX Group Think

Janis, I. L. & Mann, L. (1977). Decision making: A psychological analysis of conflict, choice, and commitment. New York: Free Press.

Eight Main Symptoms of Group Think...

Illusion of Invulnerability: Members ignore obvious danger, take extreme risk, and are overly optimistic.

Collective Rationalization: Members discredit and explain away warning contrary to group thinking.

Illusion of Morality: Members believe their decisions are morally correct, ignoring the ethical consequences of their decisions.

Excessive Stereotyping:The group constructs negative sterotypes of rivals outside the group.

Pressure for Conformity: Members pressure any in the group who express arguments against the group's stereotypes, illusions, or commitments, viewing such opposition as disloyalty.

Self-Censorship: Members withhold their dissenting views and counter-arguments.

Illusion of Unanimity: Members perceive falsely that everyone agrees with the group's decision; silence is seen as consent.

Mindguards: Some members appoint themselves to the role of protecting the group from adverse information that might threaten group complacency.

CMKX - CMKM Diamonds Incorporated ****HAPPY ANNIVERSARY CMKX****

It has now been 6 YEARS since CyberMark(CMKI) became Casavant Mining Kimberlite International Inc. (OTCBB:CMKI)
*****************************************************
SCHEDULE 14C
Information Statement Pursuant to Section 14(c) of the
Securities Exchange Act of 1934

November 25, 2002 (which is the effective merger date with the Casavant Mineral Claims (as defined) in Saskatchewan, Canada), the Company reported on its most recent Form 10-QSB (which was dated September 30, 2002) total assets of $344 in cash; total liabilities of ($1,672) for accounts payable; total stockholders' equity ($1,338); and total liabilities and stockholders' equity of $344.

This was based on the Company's then current share capitalization which consisted of 500,000,000 shares of common voting stock at $.0001 par value with 352,223,510 shares issued and outstanding.
*****************************************************
Outstanding Voting Stock of the Company
In order to effectuate the merger with the Casavant Mineral Claims, the majority shareholders' holding more than 51% of the voting shares approved an increase in the authorized capital of the Company from 500,000,000 to 10,000,000,000 with the cancellation of all Preferred shares.

As of the Record Date, there were 7,241,653,404 shares of Common Stock issued and outstanding. The Common Stock constitutes the outstanding class of voting securities of the Company. Each share of Common Stock entitles the holder to one (1) vote on all matters submitted to the shareholders.

*****************************************************
First PR - 11/26/2002
Casavant Mining Kimberlite International Inc. Announces
Election of Wesley Casavant as Secretary-Treasurer with Field
Responsibilities
*****************************************************

CMKX --- CMKM Diamonds Inc --- ***Citigroup Rescue***

Bloomberg.com
Citigroup Gets U.S. Rescue From Losses, Cash Infusion (Update2)

By Bradley Keoun

Nov. 24 (Bloomberg) -- Citigroup Inc. received a U.S. government rescue package that shields the bank from losses on toxic assets and injects $20 billion of capital, bolstering the stock after its 60 percent plunge last week.

The second-biggest U.S. bank by assets surged as much as 72 percent in New York trading after the Treasury, Federal Reserve and Federal Deposit Insurance Corp. announced the aid plan yesterday. In return for the cash and guarantees, the government gets $27 billion of preferred shares paying an 8 percent dividend and warrants equivalent to a 4.5 percent stake in the company.

The regulators stepped in to protect Citigroup from losses on $306 billion of troubled U.S. home loans, commercial mortgages, subprime bonds and low-grade corporate loans when the firm’s tumbling shares sparked concern that depositors might pull their money, destabilizing a company that operates in more than 100 countries. The $20 billion of new cash adds to a $25 billion infusion the bank, led by Chief Executive Officer Vikram Pandit, collected last month under a Congressional bailout program.

“It really was a must-do thing,” said Nader Naeimi, a Sydney-based strategist at AMP Capital Investors, which manages about $85 billion. “If they’d let Citigroup go, that would’ve been disastrous.”

Citigroup’s stock dropped below $5 last week for the first time since 1994, vexing government officials who in the past three months have pumped $250 billion into U.S. banks, expanded the Fed’s last-resort lending programs by more than $1 trillion and bailed out insurer American International Group Inc. and mortgage finance companies Fannie Mae and Freddie Mac.

Dividend Cut

The shares, which closed last week at a 15-year-low of $3.77, today surged 52 percent to $5.73 as of 2:45 p.m. in New York Stock Exchange composite trading. The stock remains 89 percent off the record $55.70 reached in December 2006.

The cost of the new preferred shares will reduce earnings left over for common shareholders, Morgan Stanley analysts Betsy Graseck and Cheryl Pate wrote today in a report. Under the terms of the deal with the government, Citigroup also has to slash its quarterly shareholder dividend to 1 cent from 16 cents.

Over the longer term, Citigroup’s stock price will appreciate because of “the reduction in ‘tail risk,’” or the chance that losses might be become so heavy the bank can’t sustain them, they said.

“For the foreseeable future, Citi has oxygen,” Royal Bank of Scotland Group Plc analyst Tom Jenkins wrote today in a report.

Losing Streak

Pandit, who has been unable to snap a four-quarter streak of net losses totaling $20 billion since he took the lead at the company in December 2007, said the agreement addresses “market confidence and the recent decline in Citi’s stock.”

“What we really needed to do was completely put behind us the issue of whether Citi would be able to cover the losses that it has out of the capital base that it has,” Chief Financial Officer Gary Crittenden said in an interview. “Under virtually any circumstance that is reasonable, Citi has the ability now.”

The asset guarantees and capital infusion will boost Citigroup’s Tier 1 ratio -- a gauge of the bank’s ability to withstand loan losses -- to 14.8 percent, from 8.19 percent at the end of September. A bank needs a 6 percent Tier 1 ratio to meet the regulatory requirements for “well-capitalized” status, and Citigroup has at least $100 billion more capital than it needs to reach that threshold, Crittenden said.

Vanishing Value

“Today’s government actions seem to ensure its survival,” Sandler O’Neill & Partners LP analyst Jeff Harte wrote today in a report.

Former Chairman Sanford “Sandy” Weill, 75, built Citigroup through more than 100 acquisitions during his 17 years at the helm. The company pioneered the “financial supermarket” concept, offering services including branch banking, trading, investment-banking, credit cards, mortgage lending and transaction processing.

Citigroup’s market value, which at $274 billion at the end of 2006 was bigger than any of its U.S. rivals, has since slumped to $31 billion, ranking No. 6 behind JPMorgan Chase & Co., Wells Fargo & Co., Bank of America Corp., U.S. Bancorp and Bank of New York Mellon Corp.

Addressing employees last week, Pandit, 51, said he wanted to stick with the bank’s business strategy and avoid selling “core businesses” including the Smith Barney brokerage. Crittenden, 55, said in the interview that the stabilization deal with the government will allow investors to “look through to the earnings potential of the franchise.”

‘Stronger Hands’

Investors and Citigroup’s rivals may think differently.

“We should be thinking about breaking this company up and redistributing the assets into stronger hands,” Christopher Whalen of Institutional Risk Analytics, a Torrance, California- based research firm, said in a Bloomberg Radio interview.

Under the asset guarantees, Citigroup will cover the first $29 billion of pretax losses on the $306 billion asset pool, in addition to any reserves it already has set aside. After that, the government covers 90 percent of the losses, with Citigroup covering the rest. In addition to the mortgages, the guarantees cover U.S.-originated “structured investment vehicles,” which already this year have stuck the bank with $3.3 billion of writedowns.

The warrants accompanying the preferred shares give the government the right to buy 254 million Citigroup shares at $10.61 each, allowing taxpayers to profit if the stock rallies following the government’s investment. When combined with the warrants that came with last month’s injection under the Troubled Asset Relief Program, the Treasury would have an 8 percent stake in Citigroup.

Pandit’s Job

The deal is designed to “strengthen the financial system and protect U.S. taxpayers,” according to the statement from the three agencies.

In a departure from terms of the AIG, Fannie Mae and Freddie Mac bailouts, no management changes were required and Pandit gets to keep his job, government officials said. The government will have a say over executive compensation at Citigroup.

The bank still may end up “controlled by the government,” said Whalen, of Institutional Risk Analytics. In an interview with Bloomberg television, Crittenden said he was “quite confident that we will stay out of the government’s hand.”

Prince, Alwaleed

Pandit, a former Morgan Stanley banker, was picked to succeed Charles O. “Chuck” Prince five months after joining the bank as head of hedge-fund and private-equity investments. In May of this year, he announced a plan to rid the bank of more than $400 billion of its worst “legacy assets” -- many of them accumulated through an expansion in subprime mortgages and asset- backed lending during Prince’s four-year tenure.

As the stock tumbled last week, Pandit announced a plan to eliminate 52,000 jobs and cut costs by about $2 billion per quarter. He and three top deputies bought 1.3 million shares in a show of confidence, and Prince Alwaleed bin Talal, one of the bank’s biggest investors, said he would boost his stake to about 5 percent from 4 percent.

The stock kept plunging, and the bank’s board called an emergency meeting on Nov. 21 to discuss its options. The frenzied weekend of discussions with the Fed and Treasury were reminiscent of those that took place when Bear Stearns Cos. collapsed in March and Lehman Brothers Holdings Inc. descended into bankruptcy in September.

Loan Losses

“The lack of confidence in Citi’s stock price required the government to help stem the tide in order to avoid systemic risk over the weekend, which was not enough of a window for any serious bidders for a major takeover or segment sale,” CreditSights Inc. analyst David Hendler wrote today in a report. “These actions should settle market jitters surrounding the company for now.”

Alwaleed, in an interview today on CNBC, laid the blame for Citigroup’s troubles at the feet of Prince, and said he has “full confidence” in Pandit.

“You can never judge a CEO with this short tenure,” Alwaleed said. “Vikram should be given more time.”

Citigroup remains vulnerable to losses on loans and securities outside the U.S., said Peter Kovalski, a portfolio manager at Alpine Woods Capital Investors LLC in Purchase, New York, which oversees $8 billion and holds Citigroup shares. The bank also is keeping its credit-card and consumer-finance loans, where delinquencies also have surged.

The government plan “gives them a little bit of breathing room, but longer term, things may deteriorate and losses increase,” said Kovalski. “The Achilles heel with Citi is their exposure to emerging markets and what’s going to happen when emerging markets turn down, as they’re doing now.”

To contact the reporters on this story: Bradley Keoun in New York at bkeoun@bloomberg.net;

Last Updated: November 24, 2008 14:49 EST

CMKX --- CMKM Diamonds Inc --- ***Citigroup Demise Part II***

Bloomberg.com
Citigroup May End Up With Government Rescue After Stock Skids

TIME.com
Will Citigroup Survive? Four Possible Scenarios...

CNBC.com
Citigroup Talks, But Nothing 'Walks' To Stabilize...

Citigroup Update: Reports Emerge Of Possible Plan

Topics:Earnings | Nasdaq | NYSE | Stock Picks | Stock Market
Companies:Goldman Sachs Group Inc | Morgan Stanley | Citigroup IncBy Charlie Gasparino, On-Air Editor | 23 Nov 2008 | 01:03 PM ET

Citi officials are reportedly working on a plan that could include a capital injection from the Federal government—among other possible ideas. The details have yet to be hammered out and it's not clear when such a plan would be announced.

Officials from Citigroup [C 3.77 -0.94 (-19.96%) ] and the government had been discussing ways to stabilize the company's stock price over the weekend.

As of Saturday afternoon, the general consensus between officials from Citi and government officials from the US Treasury department and US Federal Reserve is that the government will not takeover Citigroup in the way it took control of AIG—by lending the firm massive amounts of money and in return assuming a huge equity position.

Government officials fear taking over Citigroup would create a precedent: Unlike AIG, Citigroup's balance sheet is relatively healthy, with relatively strong levels of capital particularly compared to most of its competitors.

Still, officials from the Treasury and Citigroup are unsure what it would take to restore confidence in the company, including a possible smaller capital injection or some sort of statement that Citigroup is financially sound.

For that reason, Citigroup officials are continuing to explore possible merger possibilities and a spin off of some of Citigroup's businesses, even as CEP Vikram Pandit publicly stated the sale of the firm's massive and coveted broker business, Smith Barney is off the table, these people say.

Both officials at Citigroup and in the government concede the situation facing Citigoup is daunting. Because of Citigroup's size and scope—it operates in just about every country and competes in just about every financial business, the company's survival is a national concern.

Citigroup has spent the past week telling investors that its capital position is strong, but investors have lost confidence in the current management led by CEO Vikram Pandit who has been in the job less than a year, and the firm's board, which appeared to ignore widespread calls by analysts to integrate the firms operations and slash its massive workforce until recently.

Meanwhile, various merger possibilities seem slim. A deal with investment banks Morgan Stanley [MS 10.05 0.85 (+9.24%) ] or Goldman Sachs [GS 53.31 1.31 (+2.52%) ] would create massive overlap and would lead to huge layoffs. There aren't many banks with a strong deposit base that Citigroup can buy with its depressed stock price.

Pandit, for his part, has cut the workforce to 350,000 from 375,000 and just announced another 50,000-job cut by early 2009. But for investors, those moves were too little too late. Nearly a year ago, Citigroup's share traded at around $50. On Friday they traded at $3.77 and failed to rebound even as the Dow Jones Industrial Average of large company stocks spiked nearly 500 points on the news that President-elect Barack Obama will name NY Fed President Tim Geithner as his new Treasury Secretary.

Citigroup's Ills May Signal Market Isn't Near Bottom
Because Citigroup is a bank it has access the the Federal Reserves discount window, and because of its size, there is virtually no possibility of the bank failing and filing for bankruptcy as investment bank Lehman Brothers did. "Citigroup is too big to fail; the government wont allow that because the firm is involves in so many business both institutional and consumer around the world," said one bond trader with detailed knowledge of Citigroup's operations.

Investor fear remains deep despite one-day rally
But the lack of confidence coupled by the falling stock price could pose other problems, such as a run on bank deposits, where worried depositors yank their money from their Citigroup accounts, or investors pulling their funds from their Smith Barney brokerage accounts. A Citigroup spokesman declined to say if the company is experiencing either of those scenarios.

For that reason, Citigroup officials continued to work over the weekend to possibly unveil some sort of plan of action by Monday morning. "Everyone knows saving Citigroup is important to saving the economy, but no one knows what to do," said one person close to the firm.

Copyright 2008 Reuters.

CMKX --- CMKM Diamonds Inc --- ***Citigroup Demise...??***

Citigroup Executives Weigh Selling Off All or Part of Company, WSJ Reports

Citigroup Considers Sale of Company, Wall Street Journal Says

By Jesse Westbrook

Nov. 20 (Bloomberg) -- Citigroup Inc., which fell 26 percent in New York trading today, is considering selling off pieces of the bank or the whole company, the Wall Street Journal reported online, citing people familiar with the matter.

Talks are preliminary and don’t suggest that New York-based Citigroup is backing away from its insistence that it has sufficient capital and funding, the Journal said.

Buffeted by four straight quarterly losses, Citigroup has raised about $75 billion since December by selling assets and equity stakes, including a $25 billion injection from the U.S. Treasury. The government will do whatever it takes to stabilize Citigroup, including pouring more money into the company, because of the threat its failure would pose to the global economy, said Peter Wallison, a fellow at the Washington-based American Enterprise Institute.

“There is no question that Citigroup will not be allowed to fail,” said Wallison, who was Treasury Department general counsel under former President Ronald Reagan. “I would not think it is a good idea to restore the ban on short selling,” he said.

Citigroup declined $1.69 to a 15-year low of $4.71 on the New York Stock Exchange at 4:15 p.m. It has fallen 84 percent this year.

Citigroup has lost about $20 billion in the past four quarters as bad loans increased and demand for banking services declined. Chief Executive Officer Vikram Pandit said this week the company will cut 52,000 jobs in the next year to lower costs.

Citigroup is seeking to revive a prohibition on short- selling financial stocks, according to a person familiar with the matter. The bank has discussed with the Securities and Exchange Commission and lawmakers its proposal to reinstitute the ban on bets that stock prices will fall, said the person, who declined to be identified because the discussions weren’t public.

To contact the reporter on this story: Jesse Westbrook in Washington at jwestbrook1@bloomberg.net.

Last Updated: November 20, 2008 20:46 EST

CMKX -- CMKM Diamonds Inc. -- Shareholders' Corner *Tyler Update*

Shareholders' Corner
11-18-08

A quick note to dispel recent rumors. The phrase of the week is "patently false".

First of all, concerning the recent judgment in the Rutherford lawsuit, our attorney in Las Vegas contacted the plaintiff's attorney's office and spoke with his assistant. Here is our attorney's response on the issue:

"Just called his assistant and confirmed it was not against CMKM Diamonds (only against Casavant and CMKXtreme). They said they have not received the judgment back from the court yet, which is why it has not showed up on the system to date. The online docket will often say 'All Parties' under docket entries, but that does not mean the judgment applies to all parties, just that all parties may be affected. The only Motion for Default Judgment on file (filed in May) does not include CMKM Diamonds. The electronic documents on the court's system do not yet include the recent prove up documents."

In the unlikely event the company is incorrectly named in the final default judgment, a motion to set aside the default will be promptly filed. The company’s attorney has appeared at all required settings and is prepared to defend the company against the claims made by Jay Rutherford.

Now on to the "patently false" part of the update:

Kevin West is the Chairman of the Board of CMKM Diamonds. Information posted on the message boards that he has "moved on" are patently false. Although it is true that Kevin is working primarily out of his own office, he is actively involved in all Company decisions and is in close contact with me on a daily basis. Any rumors to the contrary are patently false.

I was NOT chosen by Bill Frizzell to succeed Kevin West as CEO of CMKM Diamonds, Inc. In fact, Frizzell was not even notified of the decision until after the Board of Directors and former CEO Kevin West had offered me the position. Frizzell is the Corporate Counsel, and as such, has no involvement in the hiring or firing of Company employees.

My work with CMKM is NOT for the intention of promoting my book. If anything, I took the job against the advice of many of my closest associates and friends, who felt that it would be detrimental to my efforts to remain an objective voice for reform of our stock markets. I did it because I believed (and still believe) that I can do some good for the Company and its shareholders. Those who bash the Company and claim that we are involved out of greed or our own personal gain are entirely misguided.

My recent involvement with a project that I hope will bring widespread exposure not just to the plight of CMKM Diamonds but to the issue of stock market fraud in general is not in any way related to The Owners Group Inc. (TOGI) or to Fuego Entertainment. Anything posted implying that is patently false. It is an independent project that I was approached about because of my five years as an (entirely unpaid) advocate for stock market reform. After reading my book on the topic, the producers decided to include the CMKX story in the documentary, along with the story of my efforts on behalf of reforming our financial markets in general. Frankly, it is becoming increasingly difficult for me to make the case to the film's producers that the CMKX shareholders are victims when in fact many shareholders have attacked even those who are trying to help them.

In fact, TOGI is not in any way related or involved with CMKM Diamonds. It is a fact that Bill Frizzell was originally approached by John Martin in an attempt to help CMKX shareholders before the SEC delisting hearing, and it is a fact that both are themselves CMKX shareholders, but to imply that somehow TOGI is involved with CMKM is ludicrous and patently false. They provide an outlet to air our monthly CEO Chat radio shows, completely free of charge, but that is the extent of their involvement. Period.

There has been much discussion about moneys paid to those currently working for the Company. This issue has been addressed several times, but I'll cover it once more. I have not received a single penny to date from CMKM Diamonds, Inc. The salary I was offered was $10,000 per month, but I have voluntarily deferred that salary for the time being. In fact, I'll go a step further. Because much of the groundwork has already been laid through the considerable efforts of Kevin West and Bill Frizzell, the position of CEO is not at this time, in my opinion, a full time position. Therefore, any compensation I receive will be pro-rated based on the amount of time required to perfo

any future employment agreements with others who may or may not become involved with the Company. Board of Directors and Advisory Committee members receive absolutely no payment or compensation of any kind. They have chosen to assist the Company on an entirely voluntary basis. As an active employee and Chairman of the Board, Kevin West is entitled to a partial salary.

In any event, no shareholders' money originally invested in CMKM Diamonds, Inc. is being used to pay any salaries, bills, or other costs related to running the Company. The over $250 million dollars originally invested in CMKM Diamonds, Inc. was stolen by former Company officers and insiders. On more than one occasion, on a single day, Urban Casavant gave himself and family members millions of dollars of shareholders' money. John Edwards, David DeSormeau, and many others enriched themselves to obscene degrees using the Company and shareholders' money as well. To imply that there is any comparison between the formerly involved con artists, who defrauded CMKM and its shareholders, and current individuals who are attempting to recoup money stolen from the Company is ridiculous and patently false.

My efforts for the Company will continue, as will the efforts of Kevin West, Bill Frizzell, our Board of Directors, Advisory Committee, and anyone else who has assisted the Company. The Company is moving forward. Results take time, especially when it comes to legal efforts. I am as frustrated as anyone about that simple fact, but nonetheless, it is a fact. Those who not support us are entitled to their opinions, but I repeat: this Company is moving forward. Any outlandish assumptions or misinformation that emanates from outside the Company should be assumed to be patently false unless directly confirmed by the Company itself.

The next CEO Chat will be Friday, December 5, 2008, from 9-10 AM CST at www.toginet.com All archived shows will be accessible via the CMKM Radio Player. Please send your inquiries and comments to questions@cmkmdiamondsinc.com

Mark Faulk, CEO
CMKM Diamonds, Inc.

CMKX - Ends With CITI...??

Citigroup's Pandit Will Reduce Headcount by 50,000, Lower Expenses by 20%

Citigroup Cutting 53,000 More Jobs

Citi to Cut 53,000 Jobs, Boosting Total to 20%

Citigroup to shed another 53,000 jobs

Citigroup's Stock Plunges Despite Major Job Cuts

Will Citigroup (C) Be Sold To JP Morgan (JPM) Or Taken Over Like AIG (AIG)?

If the press is right, Citigroup (C) is about to hold a big pep rally with its CEO Vikram Pandit raising the cheer followed by an announcement that it will fire another 35,000 people. Morale will never be better.

But, the markets are wise, and they are saying that there is a very reasonable chance Citi may not survive as an independent entity. It is no secret that the bank's shares, which are trading below $10, are off much more over the last year than those of the other large US money center banks

Citi is at a tipping point like a cow in a field at midnight. If its stock continues to drop sharply, the market and the bank's customers may begin to lose faith and withdraw assets or cease doing business with the firm. If Citi announces that its financial fortunes will get worse between now and its next earnings report, it may say that the damage within some of its division cannot be contained.

That leaves the question of whether Citi becomes the next Wachovia or the next AIG (AIG). If the Fed and Treasury become concerned enough about the bank and have to intercede with more capital, the government may pressure Citi's board to sell the company to the highest bidder within its own industry. That may be the well-run JP Morgan (JPM) The FDIC might have to guarantee some of Citi's assets to accommodate a transaction, but there is recent precedent for the government to bend in that direction.

If the problems at Citi deteriorate quickly and its falls, as it certainly does, into the "too big to fail" bucket, the government may simply have to pour cash into the bank in exchange for a majority ownership position. That would involve bringing in new management to sell of enough assets to get the bank stable. The government would hope against hope that those sales would bring in enough money for the taxpayer to get some return.

Citi's share price is a signal and it may become brighter and more troubling as the year moves toward a close.

Douglas A. McIntyre

CMKX - You Can't Be Serious...??

WHAT...??

"The More Positive The Sentiment Towards A Certain Citi, The Better.
Knight Has Fallen Upon Us And A Master Has Left His Legacy!
A Giant Will Fall And A New Giant Will Reign!
Sally Knew When To Get Out!
The Auto Makers Are Second In Line With A "Bailout" Making The First In Line Of Priority The Utmost To The "Beneficiary" Of The CMKM Shareholder!!!
Funds Will Be Released Within Days!!"

- Guess WHO...??

CMKX - acca's Web Page Has Been UPDATED...!!

accadacca's CMKM Diamonds Web Page Has Been UPDATED...!!
www.cmkm.info

NEW AC/DC Music...!!

"Information Will Be Available On This Website November 15 Or Earlier."

acca Says By November 6th...

Previously, This Website Said "Info By May"...??

Editor's Note - Now I Feel MUCH Better...!!

CMKX - OT - Just One More Question...

Sorry to bother you Mr. Obama, Sir...


Excuse me Mr. Obama, I mean Senator Obama, sir. Um .. know you are busy and important and stuff. I mean running for president is very important and . . . ah . .. . I hate to bother you. I will only take a minute ok, sir?

See, I have these missing pieces that are holding me up, and I was wondering sir, if you could take time out of your busy schedule and help me out. You know, no big deal, just some loose ends and things.

I can't seem to get some information I need to wrap this up. These things seem to either be "locked" or "not available'. I'm sure it's just some oversight or glitch or something, so if you could you tell me where these things are .. I . . I . . . have them written down here somewhere . . . oh wait. Sorry about the smears. It was raining out. I'll just read it to you.

Could you help me please find these things, sir?

1. Occidental College records -- Not released
2. Columbia College records -- Not released
3. Columbia Thesis paper -- not available, locked down by faculty
4. Harvard College records -- Not released, locked down by faculty
5. Selective Service Registration -- Not released
6. Medical records -- Not released
7. Illinois State Senate schedule -- "not available"
8. Law practice client list -- Not released
9. Certified Copy of original Birth certificate - - Not released
10. Embossed, signed paper Certification of Live Birth -- Not released
11. Harvard Law Review articles published -- None
12. University of Chicago scholarly articles -- None
13 Your Record of baptism-- Not released or "not available"
14 Your Illinois State Senate records--"not available"

You couldn't get a job at McDonalds and become district manager after 143 days of experience.

You couldn't become chief of surgery after 143 days of experience of being a surgeon.

You couldn't get a job as a teacher and be the superintendent after 143 days of experience.

You couldn't join the military and become a colonel after 143 days of experience.

You couldn't get a job as a reporter and become the nightly news anchor after 143 days of experience.

BUT....

'From the time Barack Obama was sworn in as a United State Senator, to the time he announced he was forming a Presidential exploratory committee, he logged 143 days of experience in the Senate. That's how many days the Senate was actually in session and working. After 143 days of work experience, Obama believed he was ready to be Commander In Chief, Leader of the Free World .... 143 days.

We all have to start somewhere. The senate is a good start, but after 143 days, that's all it is - a start.

AND, strangely, a large sector of the American public is okay with this and campaigning for him. We wouldn't accept this in our own line of work, yet some are okay with this for the President of the United States of America ?

Come on folks, we are not voting for the next American Idol!

CMKX -- OT -- It's Almost Election Day... World History 101 Review...

For those who slept through World History 101......
Here is a condensed version.

Humans originally existed as members of small bands of nomadic hunters/gatherers. They lived on deer in the mountains during the summer and would go to the coast and live on fish and lobster in the winter.

The two most important events in all of history were:

1. The invention of beer, and

2. The invention of the wheel. The wheel was invented to get man to the beer, and the beer to the man.

These facts formed the foundation of modern civilization and together were the catalyst for the splitting of humanity into two distinct subgroups:

1. Liberals
2. Conservatives.

Once beer was discovered, it required grain and that was the beginning of agriculture. Neither the glass bottle nor aluminum can were invented yet, so while our early humans were sitting around waiting for them to be invented, they just stayed close to the brewery. That's how villages were formed. Some men spent their days tracking and killing animals to B B Q at night while they were drinking beer. This was the beginning of what is known as the Conservative movement.

Other men who were weaker and less skilled at hunting learned to live off the conservatives by showing up for the nightly BBQ's and doing the sewing, fetching, and hair dressing. This was the beginning of the Liberal movement. Some of these liberal men eventually evolved into women. The rest became known as girlie-men.

Some noteworthy liberal achievements include the domestication of cats, the invention of group therapy and group hugs, the evolution of the Hollywood actor, and the concept of Democratic voting to decide how to divide all the meat and beer that conservatives provided. Over the years, Conservatives came to be symbolized by the largest, most powerful land animal on earth, the elephant. Liberals are symbolized by the jackass.

Modern liberals like imported beer (with lime added), but most prefer white wine or imported bottled water. They eat raw fish but like their beef well done. Sushi, tofu, and French food are standard liberal fare. Another interesting evolutionary side note: most of liberal women have higher testosterone levels than their men. Most social workers, personal injury attorneys, journalists, dreamers in Hollywood and group therapists are liberals. Liberals invented the designated hitter rule because it wasn't fair to make the pitcher also bat.

Conservatives drink domestic beer. They eat red meat and still provide for their women. Conservatives are big-game hunters, rodeo cowboys, lumberjacks, construction workers, firemen, medical doctors, police officers, corporate executives, athletes, Marines, and generally anyone who works productively. Conservatives who own companies hire other conservatives who want to work for a living.

Liberals produce little or nothing. They like to govern the producers and decide what to do with the production. Liberals believe Europeans are more enlightened than Americans. That is why most of the liberals remained in Europe when conservatives were coming to America . They crept in after the Wild West was tamed and created a business of trying to get more for nothing.

Here ends today's lesson in world history.......

CMKX - "Ends With CITI...??"

247wallst.com

Citigroup (C) Won't Make It

Citigroup (C) is not going to make it, at least not as an independent company. The FT has reported that the head of Goldman Sachs (GS) called Citigroup CEO Vikram Pandit to discuss a merger. Goldman had converted itself into a commercial bank. Maybe it was worried it would go the way of Morgan Stanley (MS). But, the Treasury has come up with capital for all the big financial firms, so the urge to do something has probably passed for the world's premier investment bank.

It is different for Citigroup. There things have gone from bad to worse.

Citigroup is not likely to make it as an independent company. It will not be a buyer. It will be sold.

If the bank's stock price and analysts covering the company are right, Citi's fate could be determined by the end of the year. Over the last month, shares in the bank are down by 40%. Rival JPMorgan (JPM) is off 2%. Wells Fargo (WFC) is up 10%. Citi's market cap is down to $66 billion. Bank of America's is nearly $100 billion.
In the last quarter Citi lost $2.8 billion, or $.60 per share, compared with a profit of $2.2 billion, or $.44, in the period a year ago. Revenue fell 23% to $16.7 billion

Bank analyst Meredith Whitney, who has been right more often than not on bank stocks, says that troubles in Citi's consumer group will drive up its losses more than expected. She cut her earnings estimates on the bank to a 2008 loss of $2.87 per share and a loss of $2.65 in 2009. Citi may not have the capital to cover those losses even with the government's cash injection.

What Whitney did not factor in just a week ago is that the credit crisis and signals of a recession have become much worse in a matter of days. Mortgage defaults are likely to rise more sharply then they have been as people lose jobs. The consumer's ability to pay his credit cards debt will deteriorate sharply. Citi's investment banking business is dead as a doornail. Most LBO loans are dropping in value as each week passes.

Citi will not report Q4 earnings for almost three months. It may run into awful trouble before that. The Fed and Treasury are going to have to find a merger candidate. Most likely that will be JP Morgan (JPM) because Bank of America (BAC) and Wells Fargo (WFC) are already digesting big acquisitions. Or, the government may turn around and take a majority stake in the money center bank the way it did with AIG (AIG) where it has already provided $90 billion in loans.

Vikram Pandit will have failed. It may take a little while for that to become absolutely clear, but Wall St. can take it to the bank. Or, maybe not.

Douglas A. McIntyre

CMKX --- CMKM Diamonds Inc. Recap.... Starts With CITI...??

---------------------------------------------------------------------------
Q: hey acca you always said .. starts with citi and ends with citi.
Are we waiting on the citi?

A: Now does everybody understand what does citi group mean, citigroup financial?
lets get something straight here.
that, they are the reason why you are going to be paid the amount you are going to get paid. that’s it. all i have to say.

the demise of citi group. once that happens .. the gates will open for cmkx.

Q: is the demise of citi group the event that we have been talking about for years?
you always said its event driven.. is that the event?

A: i have to answer yes.
---------------------------------------------------------------------------
Bloomberg.com - Citigroup Quote

Citigroup... Today $12.14 Down .97 - 7.399 %

Citigroup Down 72 % from 52 week high...!! $12.14 / $43.11
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ISN'T 72% DOWN A 'DEMISE'...?? HOW MUCH LONGER...??

CMKX - Some Polls Show Presidential Race Tightening...

Obama Holds National Lead as Some Polls Show Presidential Race Tightening

Bloomberg.com

By Catherine Dodge and Christopher Stern

Oct. 23 (Bloomberg) -- Barack Obama is holding an average lead of 7 percentage points over John McCain nationally even as some polls show the race tightening 12 days before the election.

More than a dozen national polls have been released this week showing the margin in the presidential race ranging from 1 percentage point to 14 points.

Three surveys -- from the Associated Press-GfK, George Washington University and an Investors Business Daily/TIPP poll - - show McCain closing the gap with Obama.

The AP poll puts Obama at 44 percent to McCain's 43 percent, compared with a 7 percentage point advantage for Obama in their September survey. The GW Battleground poll showed Obama's edge at 2 points, down from 7 points in the middle of October, while the IDB/TIPP tracking survey has the margin for the Democrat narrowing to 1 point from 5 points at the start of the week.

Other polls, including those by Fox News, the Wall Street Journal/NBC, and Gallup show Obama either holding or expanding his lead over McCain. The average of 14 national polls taken between Oct. 16 and Oct. 22 is just over 7 percentage points, according to data compiled by Realclearpolitics.com. The gap has increased steadily since mid-September.

Poll results can vary because researchers use different methods and assumptions for defining likely voters, said Karlyn Bowman, who tracks polling at the American Enterprise Institute in Washington. Differences in how questions are asked and how much respondents are pushed in one direction or another can also cause discrepancies, she said.

Timing

Ed Goeas, a Republican pollster who supervised the GW poll with Democratic pollster Celinda Lake, said the timing of the poll also can affect results. The GW poll didn't survey people on Friday and Saturday nights.

``I think there are a lot of the harder core Republicans that are family adults that just will not engage in polling over the weekend,'' Goeas said.

In addition, some pollsters have an ``unrealistic'' expectation that the youth vote will dramatically increase this year, he said. Younger voters tend to be Obama voters by large margins.

Because the presidency isn't won directly by popular vote, Obama and McCain are waging a state-by-state battle to get the 270 Electoral College votes needed to claim the White House. The states have electoral votes equal to their representation in Congress. Washington D.C. gets three electoral votes.

Battlegrounds

Obama leads McCain, an Arizona Republican, in the key battleground states of Florida, Ohio and Pennsylvania, according to a Quinnipiac University poll. The three states combined have 68 electoral votes and have played a central role in recent elections.

Obama is ahead by 5 percentage points in Florida, 14 in Ohio and 13 in Pennsylvania, the surveys, conducted Oct. 16-21 found.

McCain has narrowed Obama's lead in Florida from three weeks ago, but fell further behind in Ohio as concerns about the economy continue to shape voters' views, the polls found. Ohio and Florida both went to Republican President George W. Bush in the last two elections, while Pennsylvania gave its 21 electoral votes to the Democratic candidate both times.

If the numbers hold up, Obama ``could win the biggest Democratic landslide since Lyndon Johnson in 1964,'' Peter Brown, assistant director of Hamden, Connecticut-based Quinnipiac University Polling Institute, said in a statement.

The Florida and Pennsylvania polls have a margin of error of plus or minus 2.6 percentage points, while the Ohio poll has an error margin of plus or minus 2.7 points.

Nevada, North Carolina

Polls by CNN and Opinion Research also showed the Democrat ahead in Nevada, North Carolina and Virginia, while McCain holds a lead in West Virginia. Obama also led in Ohio in the CNN survey.

Virginia hasn't gone for a Democratic presidential candidate since 1964 and North Carolina last gave its electoral votes to a Democrat in 1976. Nevada has voted for the Republican in eight of the last 10 elections.

The CNN polls found Obama ahead by 5 percentage points among likely voters in Nevada, 4 points in North Carolina and Ohio, and 10 points in Virginia. McCain leads in West Virginia, which was won by Bush in 2000 and 2004, by 9 percentage points.

The CNN state polls have a margin of error of plus or minus 3.5 percentage points for surveys in Nevada and Ohio and 4 percentage points in the other three states.

To contact the reporter on this story: Catherine Dodge in Washington at cdodge1@bloomberg.net; Christopher Stern in Washington at cstern3@bloomberg.net

Last Updated: October 23, 2008 16:15 EDT

CMKX - Have No Fear... All Is Well...??

Bloomberg.com

Economy

Argentine Default Looms as Seizure of Private Pensions Roils Bonds, Stocks
Argentina's planned seizure of $29 billion of private pension funds stoked concern the nation is headed for its second default in a decade.

Bank of England Voted Unanimously for Emergency Half-Point Rate Reduction
Bank of England policy makers voted unanimously to lower the benchmark interest rate by the most since 2001 in an emergency meeting this month on signs that Britain had entered a recession.

Hungary Increases Key Rate to 11.5% in Emergency Measure to Defend Forint
Hungary raised its benchmark interest rate by 3 percentage points, the biggest increase in five years, and pledged measures to shore up the economy after steps to halt the flight of investors failed.

King Says Bank of England Will Act `Promptly' as Recession Seems Likely
Bank of England Governor Mervyn King said Britain's worst banking crisis since World War I is likely to push the economy into a recession, requiring policy makers to act ``promptly'' to prevent inflation from slowing too much.

New Home Sales in U.S. Will Decline by 12% Next Year, Mortgage Bankers Say
U.S. new-home sales will fall 12 percent next year as housing starts drop by a record, Mortgage Bankers Association Chief Economist Jay Brinkmann said.

Bank of Japan May Pay Interest on Deposit Reserves, Morgan Stanley Says
The Bank of Japan may announce next week that it will start paying interest on reserves lenders deposit at the central bank to counter the global financial turmoil, Morgan Stanley said.

New Zealand May Slash Benchmark Rate By Record 100 Basis Points Tomorrow
New Zealand central bank Governor Alan Bollard will probably cut interest rates tomorrow by a record amount to limit damage from the global financial crisis.

Brown Predicts First U.K. Recession Since Labour Came to Power in 1997
Prime Minister Gordon Brown predicted the U.K. will slip into a recession for the first time since he took charge of Britain's finances in 1997.

Paulson Plans to Buy Mortgages, Use `Leverage' to Aid Struggling Borrowers
Treasury Secretary Henry Paulson aims to intensify efforts to stem record mortgage foreclosures, using part of the government's $700 billion financial-rescue fund to purchase home loans.

Barney Frank Wields Bailout Clout to Restrain Private Equity, Hedge Funds
U.S. Representative Barney Frank is walking through Statuary Hall in the Capitol, a portrait of rumples and wrinkles. His left shirttail hangs out over his belt. Reporters and photographers are hounding him. Cameras are whirring. Questions are being shouted.

Bank of England Voted Unanimously for Emergency Rate Cut: Table of the Day
The following table details the changes in the Bank of England's benchmark interest rate.


Fed Watch

Fed Will Provide $540 Billion to Help Money-Market Funds Meet Redemptions
The Federal Reserve will provide up to $540 billion in loans to help relieve pressure on money-market mutual funds beset by redemptions.

Bernanke Backs Consideration of Second Stimulus Package on `Weak' Outlook
Federal Reserve Chairman Ben S. Bernanke endorsed additional fiscal stimulus, saying the credit crunch is ``hitting home'' as Americans find it harder to get loans, threatening a prolonged economic slump.

Fed's Lockhart Says U.S. Weakness to Persist, Easing Inflationary Pressure
The continuing freeze in credit markets will result in weak U.S. economic growth well into next year while dampening inflationary pressures, said Dennis Lockhart, president of the Federal Reserve Bank of Atlanta.

CMKX - Goldman... Citigroup Is a Sell...!! Starts With CITI...??

Acca MP3, Oct.10/08

Q: hey acca you always said .. starts with citi and ends with citi.
Are we waiting on the citi?

Q: acca does the current banking fiasco have any bearing on us getting paid?

A: as i said before i want to say no. Now does everybody understand what does citi group mean, citigroup financial?
lets get something straight here.
that, they are the reason why you are going to be paid the amount you are going to get paid. that’s it. all i have to say.

the demise of citi group. once that happens .. the gates will open for cmkx.

Q; is the demise of citi group the event that we have been talking about for years?
you always said its event driven.. is that the event?

A: i have to answer yes.

Citigroup Is a Sell
Bloomberg.com

Citigroup May Not Report Profit Until Late 2009, Goldman Says

By Jeff Kearns

Oct. 21 (Bloomberg) -- Citigroup Inc., the second-largest U.S. bank, may not be able to report a profit until the second half of 2009 because of worsening credit conditions, said Goldman Sachs Group Inc., which reinstated the shares at ``sell.''

``It will be difficult for Citi to generate profitability over the next 12 months as additional write-downs, lower levels of capital markets activity, and further deterioration in credit quality trends will continue to weigh on the firm's operating results and capital ratios,'' analyst William Tanona wrote.

Citigroup slipped 3.6 percent to $14.55 at 8:23 a.m. in New York. Before today, the shares had lost 49 percent this year.

The analyst added Citigroup to Goldman's ``Americas Conviction Sell List.''

To contact the reporter on this story: Jeff Kearns in New York at jkearns3@bloomberg.net.

Last Updated: October 21, 2008 08:34 EDT

UPDATE 1-Goldman Sachs recommends "sell" on Citigroup
Reuters.com

Tue Oct 21, 2008 8:39am EDT

Oct 21 (Reuters) - Goldman Sachs reinstated Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) with a "sell" rating and recommended a "paired" trade in which investors sell Citigroup short, betting on a decline, and buy Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) shares.

Shares of Citigroup, the giant U.S. bank, fell 4 percent to $14.45 in trading before the bell.

"We believe weak economic data will keep the stock under pressure over the next six months and it is tough to see why the stock would head higher over this period," analyst William Tanona said in a note to clients.

Adding Citigroup to Americas Conviction Sell list, Tanona said it will be difficult for the company to generate profitability over the next 12 months primarily due to additional write-downs and deteriorating credit market.

Tanona has a six month price target of $11 on Citigroup.

On Morgan Stanley, the analyst said the company has very limited exposure to consumer credit, which is an area the brokerage believes will provide the most significant headwinds for Citigroup in 2009.

Morgan Stanley will generate profits over the next four quarters, thus adding to its capital base, whereas Citigroup will lose money, thus reducing its capital base, Tanona added. (Reporting by Sweta Singh in Bangalore, Editing by Dinesh Nair)

CMKX - This Stuff Just NEVER Gets OLD...

Oct 14, 2008, 9:23pm
Q - Are we still looking for an SEC release or simply something in the mail?
Is everything ready to go?
A - Mail, Everything Is Great!!

Oct 14, 2008, 8:56pm
Q - Is election day the line in the sand?
A - I Think The Latest Possible Date Would Be In November!

Well, Maybe Just A Tad OLD...

04 Apr 2005, 07:55 PM EDT
Just A Delay People, Deals Of This Magnitude Often Have Delays! Either You Believe, Or You Don't, It's That Simple!! It Will Come, Just Have The Faith, If You Don't Believe Then Move On Very Simple!



Can 3 1/2 YEARS be considered "Just A Delay" ??????

CMKX - CMKM Diamonds Inc. Rescue/Bailout/Payment Plan...!!

*** ATTENTION *** *** ATTENTION *** *** ATTENTION ***

*** WEEKEND MEETING AT WHITE HOUSE ***

President Bush... Secretary Paulson...
Chairman Bernanke... Chairman Cox...
International Monetary Fund...
G7 Finance Ministers and Central Bankers

* Please Just Pay 40,000 - 60,000 CMKX Shareholders NOW...!! *

40,000 - 60,000 Mortgages Paid Off...!!

40,000 - 60,000 New Homes Purchased With CASH...!!

40,000 - 60,000 Vacation Homes Purchased With CASH...!!

50,000 - 100,000 Car Loans Paid Off...!!

50,000 - 100,000 New Cars Purchased With CASH...!!

80,000 - 120,000 College Loans And Tuition Paid Off...!!

40,000 - 60,000 Families Paying More Taxes...!!

40,000 - 60,000 Families Spending A TON OF MONEY...!!

So PLEASE Put An End To This Financial Turmoil...

* Please Just Pay 40,000 - 60,000 CMKX Shareholders NOW...!! *

coxc@sec.gov,
chairmanoffice@sec.gov,
tradingandmarkets@sec.gov,
oig@sec.gov,
newyork@sec.gov,
losangeles@sec.gov,
enforcement@sec.gov,
oiea@sec.gov,
publicinfo@sec.gov,
help@sec.gov,
mccoyj@sec.gov,
whitem@sec.gov,
hakalal@sec.gov,
tysonr@sec.gov,
thomsenl@sec.gov,
cmkmdiamonds@sec.gov

CMKX - Bush Says U.S. Using `Wide Range of Tools' on Crisis...

Bloomberg.com

Bush Says U.S. Using `Wide Range of Tools' on Crisis (Update1)

By Demian McLean and Catherine Dodge

Oct. 10 (Bloomberg) -- President George W. Bush said the U.S. government will ``aggressively'' use a ``wide range of tools'' to help stabilize markets and resolve the financial crisis.

``The United States government is acting; we will continue to act to resolve this crisis and restore stability to our markets,'' Bush said at the White House. ``This has been a deeply unsettling period for the American people.''

Bush sought to reassure Americans that the $700 billion rescue plan passed by Congress last week is comprehensive enough to solve the credit crisis that is creating widespread uncertainty throughout the economy.

Comments by Bush and members of his administration haven't calmed markets since the Senate cleared the legislation on Oct. 1. Since then, Bush has spoken publicly or issued statements about the rescue plan seven times, and the Dow Jones Industrial Average declined by 20.8 percent. Stocks sank again this morning, capping the worst week ever for the Standard & Poor's 500 Index.

The U.S. president said the government has acted on several fronts, including injecting hundreds of billions of dollars into the financial system, coordinating a global cut in interest rates, and expanding the amount of money that is insured in savings accounts.

``Fellow citizens, we can solve this crisis and we will,'' Bush said.

`Aggressive' Plan

``The plan we are executing is aggressive,'' Bush said. ``It will take time to have its full impact. It is flexible enough to adapt as the situation changes. And it is big enough to work.''

Bush meets tomorrow with finance ministers from the Group of Seven industrial nations, as his predecessor, former President Bill Clinton, did with the group during a 1998 financial crisis.

The G-7 ministers and central bankers meet today in Washington, facing a breakdown in investor confidence in their ability to end the credit freeze endangering the global economy.

Threatened by the worst economic outlook in a quarter century, officials arrived in Washington still without the broad- based strategy that investors were seeking, raising the risk of further turmoil if their remedies disappoint. Among the options: a proposal by U.K. Chancellor Alistair Darling for nations to guarantee lending between banks, a suggestion that U.S. Treasury Secretary Henry Paulson hasn't ruled out.

To contact the reporter on this story: Demian McLean in Washington at dmclean@bloomberg.net; Catherine Dodge in Washington at Cdodge1@bloomberg.net.

Last Updated: October 10, 2008 11:29 EDT

CMKX - Bush Plans Statement Tomorrow to `Assure' Nation...

Bloomberg.com

Bush Plans Statement Tomorrow to `Assure' Nation (Update2)

By Demian McLean
Oct. 9 (Bloomberg) -- President George W. Bush will address the nation tomorrow to tell Americans they should remain ``confident'' amid falling stock markets and a worldwide credit crisis, administration spokeswoman Dana Perino said.

The president wants to ``assure'' the country that Treasury Secretary Henry Paulson and other administration officials are making ``every effort to stabilize our financial system,'' Perino said.

The statement, spurred by ``volatility'' in U.S. markets today, will be given at 10:25 a.m., Perino said.

The Dow Jones Industrial Average fell below 9,000 for the first time since 2003 today, closing at 8,579.19. The Standard & Poor's 500 Index fell for the seventh day, losing 7.6 percent to 909.92. Higher borrowing costs and slower consumer spending have spurred concern that carmakers, insurers and energy companies will be the next victims of the credit crisis.

Previous statements by Bush and members of his administration haven't calmed markets since Congress passed a $700 billion bailout package intended to shore up banks and other financial institutions and stabilize markets.

Since Oct. 1, when the Senate gave final passage to the legislation, Bush has spoken publicly or issued statements about the rescue plan and the markets six times and the Dow has fallen 20.8 percent.

`Fear Level'

``Right now the fear level among investors is high and it's hard to see anything from him making much of a difference,'' said Frederic Dickson, who helps oversee $25 billion as chief market strategist at D.A. Davidson & Co. in Lake Oswego, Oregon.

The two major party presidential candidates, Democrat Barack Obama and Republican John McCain, also have sought to reassure the public as they urge government officials to continue working to solve the situation.

``Now is not the time for fear or panic, but for all of us to come together with resolve and determination that we can steer ourselves out of this crisis,'' Obama, an Illinois senator, said in a statement issued tonight.

``We have to get this economy turned around and we have to get it turned around immediately,'' McCain, a senator from Arizona, said at a campaign event today in Wisconsin.

Additional Steps

As markets continued to tumble and credit markets remained locked, the U.S. and other government have taken several additional steps.

The Federal Reserve, European Central Bank, Bank of England, Bank of Canada and Sweden's Riksbank each cut their benchmark rates by half a percentage point.

The U.S. Treasury has begun selling an additional $40 billion of debt to meet demand for government securities in an effort to address shortages. Officials said today the Treasury is planning to buy stakes in a wide range of banks as another effort to unfreeze credit.

In the U.K., Prime Minister Gordon Brown is engineering a 50 billion pound ($87 billion) program that partly nationalizes at least eight British banks. Officials in Japan and Spain also announced steps to inject public money into banks and finance companies.

``Economic officials are aggressively taking every action,'' Perino said today. ``The Treasury is moving quickly to use new tools to improve liquidity, which is the root cause of this problem.''

Paulson and Federal Reserve Chairman Ben S. Bernanke will meet with their counterparts from the Group of Seven major industrial nations tomorrow in Washington. Bush plans to meet with the finance ministers at the White House the following day, along with the heads of the International Monetary Fund and the World Bank.

To contact the reporter on this story: Demian McLean in Washington at dmclean@bloomberg.net.

Last Updated: October 9, 2008 19:58 EDT

CMKX - Who Is Protecting Investors FROM The SEC...??

Impartiality of S.E.C. Is Questioned
(Complete Article)

The New York Times...

By WALT BOGDANICH
Published: October 6, 2008

A federal inquiry has concluded that the Securities and Exchange Commission should consider disciplining its director of enforcement and two supervisors for their role in handling an insider trading investigation that led to the firing of an S.E.C. lawyer for trying to interview an influential Wall Street executive.

Public Comments For Chairman Cox
(Complete Comment)

Chairman Christopher Cox May 19, 2008 Securities & Exchange Commission Washington, DC

There is no discipline with naked shorting and repeat offenders have no fear of the SEC because the chances of a violator being caught and disciplined is negligible. Most of the repeat offenders take the same cavalier attitude as that of a serial killer. Once you have killed, the penalty is no greater for repeat killings. So illegal manipulation of stocks continues daily by repeat offenders with impunity.


Case in point: CMKM Diamonds (a/k/a Casavant Mining, now revoked former stock symbol: CMKX). The SEC has had an ongoing investigation for over 5 years titled:
In the Matter of CMKM Diamonds, Inc., LA-3028. This case goes back to 2002 and involves approximately $100 million in theft of investor funds with nearly ONE TRILLION Shares of stock, a majority of which were illegally issued without pre-requisite restrictions, legal opinions; or legal opinions issued from deceased attorneys and/or were naked shorted in the market with counterfeit shares.

It was not until April 7, 2008 that the SEC has finally taken action in US Dist. Court, Las Vegas, NV regarding this egregious fraud upon the investing public. Most of the stolen funds are gone, leaving investors pennies on the dollar if anything.


The “mastermind” (SEC words not mine) in this fraud, John Edwards was also the “mastermind” of illegally issued shares in BioTech Medics (and dozens more pennystocks). Edwards had numerous accomplices who have yet to be cited by the SEC. The fraud in our case stems back to 2002 and involves scores of millions of dollars in fraud and over 50 million shares that we have been able to verify in an audit of our shareholders.


However, FINRA over a year ago in the CMKX matter sanctioned NevWest Securities Corp (CRD # 46464) of Las Vegas and Sergey Rumyantsev and Anthony Santos $100,000 and K Houser REG SHO- 10B-21 Proposal Comments Page # 1

$75,000 each respectively, for laundering over $58 million of John Edwards and over 20 of his sham shell trusts and companies that were used to perpetrate the alleged fraud and benefit from the naked shorting. NevWest reportedly received over $2.4 million in commissions.


So the alleged manipulators got away with $58 million and the sanctioned stock broker facilitators were slapped on the wrist and got away with nearly $2 million in profits.

Where is the justice in this “discipline”???

Editor's Note - PLEASE Take A Moment To Contact The SEC And Voice Your Complaints Concerning Their Handling Of The Massive Fraud Involving CMKX And Other Companies.

coxc@sec.gov,
chairmanoffice@sec.gov,
tradingandmarkets@sec.gov,
oig@sec.gov,
newyork@sec.gov,
losangeles@sec.gov,
enforcement@sec.gov,
oiea@sec.gov,
publicinfo@sec.gov,
help@sec.gov,
mccoyj@sec.gov,
whitem@sec.gov,
hakalal@sec.gov,
tysonr@sec.gov,
thomsenl@sec.gov,
cmkmdiamonds@sec.gov

CMKX -- Fortress Financial Group, Inc. -- Update on Reverse Merger...

Company Clarifies the Details of the Reverse Merger Under Consideration

NEW YORK, NY, Oct 06, 2008 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirmed on October 3, 2008 that it is in discussions to acquire a Company which if successful, would constitute a Reverse Merger.

The Company can confirm that a Reverse Split of the Company's stock is not being considered and all speculation that this Company will effect a Reverse Split of its Common Stock, is complete nonsense.
Furthermore, the Company with whom we are in discussions is in the business of Uranium Mining & Exploration.

The Company will state for the last time that the Extraordinary Dividend is unaffected by these discussions and that this Dividend will be paid regardless and as announced. The Company will announce the "Record" and "Pay" dates in respect of this Stock Dividend as and when it is in a position to do so. Stockholders may rest assured that your Company's Management is very anxious to get these Dividends paid as the Company's CEO is resigning as announced and is now committed to join the Board of Directors of a Private Equity Fund on a full time basis; and from November 1, 2008.

Your Company's incumbent Management is of the opinion that given the fact that the Company's Stock Dividend is in the form of shares of a Gold Company; stockholders should consider themselves extremely fortunate given that Gold remains a safe haven in these turbulent markets. Management is not going to comment on the Gold company whatsoever and considers that Gold Company's Management responsible for any statements in respect of their Company, its assets and its future.

Management of your Company can categorically state that all speculation in respect of this Gold Company is pointless until such time as further details are announced. The majority of the speculation surrounding the Gold company is complete nonsense and stockholders are advised to make their decisions as and when details of this Company are made available.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.

Contact:
Financial Insights
Dick Granieri/Gordon Otter
E Mail: Email Contact
Telephone: 1-800-530-3545

Fortress Financial Group, Inc.
Alan Santini
Chief Executive Officer
Email Contact
Tel: (954) 840-6961

CMKX - Bailout Bill Passes - All Is Well...??

Bloomberg.com

U.S. Stocks Slide in Worst Week for S&P 500 Since 2001 Terrorist Attacks (Full Report)

U.S. Stocks Drop as Recession Concern Outweighs Bailout Passage
By Eric Martin

Oct. 3 (Bloomberg) -- U.S. stocks slid, capping the worst week for the Standard & Poor's 500 Index since the 2001 terrorist attacks, on concern the $700 billion bank bailout isn't enough to unlock credit markets and prevent a recession.

Payrolls in U.S. Drop in Sign Economy May Enter Worst Recession Since 1982 (Full Report)

Crisis Hits Main Street as Employers Cut More Jobs
By Shobhana Chandra and Rich Miller

Oct. 3 (Bloomberg) -- U.S. payrolls plunged in September, signaling the economy may be heading for its worst recession in at least a quarter century as the 13-month-old credit crisis on Wall Street finally hits home on Main Street.

CMKX - CMKM Diamonds Inc. New CEO Mark Faulk Speaks Out...

CMKM Diamonds Corporate Update

Corporate Updates

9-25-08
Update on Questionable Brokerage and Clearing Firm Activity

CMKM Diamonds, Inc. has received letters from a broker requesting that larger CMKX certificates (held in the same broker's name) be broken down into several smaller certs. The written request contained the notation "FOR FAILS PHY". The broker confirmed that the request was to cover a fails to deliver in the stock.

In a separate incident, one major brokerage firm requested the transfer of a bulk certificate from another major brokerage firm. This request was dated June 29, 2008, over two and a half years after the Company was delisted and no longer trading.

The Company also has in its possession a letter where a clearing firm discusses the cost effectiveness of obtaining stock so that they could issue certificates to their clients, saying "Given the price of the stock, it may be more reasonable for us to go out and buy the shares to cover the short." This letter is dated almost two years after the Company was delisted and its shares no longer trading.

In a CMKM Diamonds press release dated April 20, 2007, it was confirmed that the Company "halted the transfer of a large bulk certificate to a major brokerage from a third party". The Company is continuing its investigation of this and other questionable brokerage activity.

Mark Faulk,
CEO

CMKM Diamonds Shareholders' Corner

Shareholders' Corner

9-26-08
A quick note to answer a couple of concerns from shareholders. In reference to information sent out by Bud Burrell, Bud was a middleman to put that info into the hands of certain officials in the hope that the CMKX situation will continue to receive the attention it deserves. In light of the national events of the last couple of weeks, it is crucial that our story be heard by the right people. Any official documents were sent directly to the person who requested them, but the information should never have been leaked publicly. Bud nor anyone else not directly involved in investigations has knowledge of any individual's or companies' names that are a focus of our investigations.

It would be beyond detrimental to our investigation to release any detailed information to anyone not directly involved in either researching or investigating potential claims that CMKM might take against those who defrauded the Company and its shareholders. There are two choices here, either release ALL information to shareholders to be publicly reposted on message boards and compromise our legal position, or do what is best for the Company. Given those choices, I will always take the course of action that is best for CMKM Diamonds, Inc., which in turn is ultimately what will best benefit the Company's shareholders.

On a separate note, I am currently in New York, and will be available only on a limited basis for the next few days. I have received numerous phone calls about recent events, and I apologize if I haven't had time to return some calls. Things are very hectic, and the Company is making excellent progress in its efforts, but this is a marathon, not a sprint. Please be patient with us as we concentrate our efforts on the task at hand.

The CEO Chat is still scheduled for 9-10 AM CST on Friday, October 3, 2008. Please send your comments and questions to questions@cmkmdiamondsinc.com and I will address them as best I can at that time.

Mark Faulk,
CEO

Editor's Note - I requested more information from the SEC about brokers being forced to cover their old positions, especially on a revoked stock like CMKX. I will post any additional information I get from the SEC.

CMKX - Petition Against Naked Shorting...!!

PLEASE Go To This Site And SIGN The PETITION Against Naked Short Selling...!!

Main Street Americans

STOP NAKED SHORT SELLING NOW!
To: Our Elected Leaders
From: Patrick Byrne & Concerned Americans

America’s capital markets used to be the envy of the world. Now they are in turmoil — turmoil caused by manipulative and abusive naked short sellers! It is time for it to stop — and now.

You are charged with overseeing and policing our capital markets. As long as naked short selling continues, our markets will suffer and you are not doing your job. That is shameful. Start doing your job — and now.

Half-measures don’t work. We are in a deep enough financial crisis that you can’t waste any more time. Do the following — and do it now:

1. Put in place a market-wide mandatory pre-borrow requirement (like the SEC did in the 30-day July 15 emergency order that protected 19 financial institutions).

2. Create the obligation that if a naked short seller fails to deliver a share, the purchaser must force a mandatory buy-in (this is the rule in Canada where it works).

3. Track trades cradle-to-grave (rather than net blocks of trades against each other), so that it is obvious who the naked short sellers are and the total amounts they are stealing.

4. Provide regular and timely disclosure by naked short sellers of when and how many shares they are failing to deliver.

5. Then enforce these rules (which should include significant monetary penalties and jail time).

Our capital markets are too important to let greedy manipulators ruin them. Get these laws in place, police them, and help restore the economy you are charged with protecting.

Sincerely,

Patrick Byrne
& Concerned Americans

After you have added your name to this petition an e-mail will be sent to the given address to confirm your signature. Please make sure that your e-mail address is correct or you will not receive this e-mail and your name will not be counted.

CMKX ---- New Financial Bailout Plan ---- CMKX Style...!!

*** ATTENTION ***

President Bush... Secretary Paulson...
Chairman Bernanke... Chairman Cox

* Please Just Pay 40,000 - 60,000 CMKX Shareholders NOW...!! *

40,000 - 60,000 Mortgages Paid Off...!!

40,000 - 60,000 New Homes Purchased With CASH...!!

40,000 - 60,000 Vacation Homes Purchased With CASH...!!

50,000 - 100,000 Car Loans Paid Off...!!

50,000 - 100,000 New Cars Purchased With CASH...!!

80,000 - 120,000 College Loans And Tuition Paid Off...!!

40,000 - 60,000 Families Paying More Taxes...!!

40,000 - 60,000 Families Spending A TON OF MONEY...!!

So PLEASE Put An End To This Financial Turmoil...

* Please Just Pay 40,000 - 60,000 CMKX Shareholders NOW...!! *

OT - LAST GAME AT YANKEE STADIUM

And now, the end is near;
And so we face the final curtain.

CMKX - This Just In... All Is Well...

What, Me Worry...??

Bloomberg.com

Breaking News

•Stocks Jump in U.S., Worldwide on Bank-Bailout Measures, Short-Sale Curbs
•Paulson, Bernanke Seek to Rid Firms of Toxic Assets, Expanding U.S. Powers

•Money-Market Mutual Funds Will Be Insured by U.S. in $50 Billion Backstop

•Morgan Stanley Said to Pursue Merger Talks After U.S. Rescue, Stock Rally

•Dollar Rises Most Since April Against Yen on U.S. Steps to Underpin Banks

•Fed Historian Meltzer Calls Paulson Plan `Social Democracy at Its Worst'

•Short Sellers Come Under Fire in U.S., U.K. After Collapse of Lehman, AIG

•Bush Says Rescue Plan Will Ease Pressure on Banks, More Action Is Needed

•Frank Accuses McCain of Using SEC's Cox as `Scapegoat' for Market Turmoil

Editor's Note - This Is All Very Exciting...
What Was The Question...??
Oh Yeah, Where's Our MONEY...??
PLEASE Just Pay Us NOW...!!

CMKX - Attention: SEC Commissioners...

SEC Issues New Rules to Protect Investors Against Naked Short Selling Abuses

Washington, D.C., Sept. 17, 2008 — The Securities and Exchange Commission today took several coordinated actions to strengthen investor protections against “naked” short selling.

“These several actions today make it crystal clear that the SEC has zero tolerance for abusive naked short selling,” said SEC Chairman Christopher Cox.

“The Enforcement Division, the Office of Compliance Inspections and Examinations, and the Division of Trading and Markets will now have these weapons in their arsenal in their continuing battle to stop unlawful manipulation.”

For this reason, naked shorting can allow manipulators to force prices down far lower than would be possible in legitimate short-selling conditions.

Now that the SEC seems to recognize, and promises to do something about Naked Shorting, what about the shareholders of all the companies that were shorted into oblivion, using this illegal, abusive, manipulative practice...??

A practice which was IGNORED for years, and whose existence was DENIED by the regulatory agencies responsible for protecting shareholders.

NOTE: Please send a copy of the Press Release to Annette Nazareth...!!
----------------------------------------------------------------------------------
This Just In...

"Goldman Sachs Group Inc. and Morgan Stanley, the remaining independent securities firms on Wall Street, plunged by the most ever, prompting Morgan Stanley Chief Executive Officer John Mack to say short sellers are using abusive tactics to attack companies."

Editors Note - I think they just want their stocks to go up...!!
-----------------------------------------------------------------------------------

SEC Contact Info...

coxc@sec.gov,
chairmanoffice@sec.gov,
tradingandmarkets@sec.gov,
oig@sec.gov,
newyork@sec.gov,
losangeles@sec.gov,
enforcement@sec.gov,
oiea@sec.gov,
publicinfo@sec.gov,
help@sec.gov,
mccoyj@sec.gov,
whitem@sec.gov,
hakalal@sec.gov,
tysonr@sec.gov,
thomsenl@sec.gov

CMKX - SEC Chairman - Zero Tolerance For Naked Shorting...

SEC Issues New Rules to Protect Investors Against Naked Short Selling Abuses

FOR IMMEDIATE RELEASE
2008-204

Washington, D.C., Sept. 17, 2008 — The Securities and Exchange Commission today took several coordinated actions to strengthen investor protections against “naked” short selling. The Commission’s actions will apply to the securities of all public companies, including all companies in the financial sector. The actions are effective at 12:01 a.m. ET on Thursday, Sept. 18, 2008.

“These several actions today make it crystal clear that the SEC has zero tolerance for abusive naked short selling,” said SEC Chairman Christopher Cox. “The Enforcement Division, the Office of Compliance Inspections and Examinations, and the Division of Trading and Markets will now have these weapons in their arsenal in their continuing battle to stop unlawful manipulation.”

In an ordinary short sale, the short seller borrows a stock and sells it, with the understanding that the loan must be repaid by buying the stock in the market (hopefully at a lower price). But in an abusive naked short transaction, the seller doesn't actually borrow the stock, and fails to deliver it to the buyer. For this reason, naked shorting can allow manipulators to force prices down far lower than would be possible in legitimate short-selling conditions.

Today’s Commission actions, which are the result of formal rulemaking under the Administrative Procedure Act, go beyond its previously issued emergency order, which was limited to the securities of financial firms with access to the Federal Reserve’s Primary Dealer Credit Facility. Because the agency's exercise of its emergency authority is limited to 30 days, the previous order under Section 12(k)(2) of the Securities Exchange Act of 1934 expired on Aug. 12, 2008.

The Commission’s actions were as follows:

Hard T+3 Close-Out Requirement; Penalties for Violation Include Prohibition of Further Short Sales, Mandatory Pre-Borrow

The Commission adopted, on an interim final basis, a new rule requiring that short sellers and their broker-dealers deliver securities by the close of business on the settlement date (three days after the sale transaction date, or T+3) and imposing penalties for failure to do so.

If a short sale violates this close out requirement, then any broker-dealer acting on the short seller’s behalf will be prohibited from further short sales in the same security unless the shares are not only located but also pre-borrowed. The prohibition on the broker-dealer’s activity applies not only to short sales for the particular naked short seller, but to all short sales for any customer.

Although the rule will be effective immediately, the Commission is seeking comment during a period of 30 days on all aspects of the rule. The Commission expects to follow further rulemaking procedures at the expiration of the comment period.

Exception for Market Makers from Short Selling Close-Out Provisions in Reg SHO Repealed

The Commission approved a final rule to eliminate the options market maker exception from the close-out requirement of Rule 203(b)(3) in Regulation SHO. This rule change also becomes effective five days after publication in the Federal Register.

As a result, options market makers will be treated in the same way as all other market participants, and required to abide by the hard T+3 closeout requirements that effectively ban naked short selling.

Rule 10b-21 Short Selling Anti-Fraud Rule

The Commission adopted Rule 10b-21, which expressly targets fraudulent short selling transactions. The new rule covers short sellers who deceive broker-dealers or any other market participants. Specifically, the new rule makes clear that those who lie about their intention or ability to deliver securities in time for settlement are violating the law when they fail to deliver. This new rule is effective immediately.

# # #

http://www.sec.gov/news/press/2008/2008-204.htm

Bloomberg.com

SEC Stiffens Rules Limiting Short-Selling Amid Market Turmoil

By Jesse Westbrook and Edgar Ortega

Sept. 17 (Bloomberg) -- The U.S. Securities and Exchange Commission stiffened rules against manipulative short-selling after a market rout pushed American International Group Inc. to the brink of collapse and triggered Lehman Brothers Holdings Inc.'s bankruptcy.

The SEC adopted two regulations today forcing traders and brokers to close out short sales, amid concern investors are driving down share prices by flooding markets with sell orders. A third rule makes it a securities fraud when short sellers deceive brokers about delivering borrowed shares to buyers.

``These several actions today make it crystal clear that the SEC has zero tolerance for abusive'' short-selling, SEC Chairman Christopher Cox said in a statement.

Lawmakers and regulators are questioning whether short sellers have contributed to a crisis by spreading false information and using abusive tactics to attack companies. Hedge funds and other investors argue that poor business strategies are to blame, not short sellers.

In traditional short sales, traders borrow shares that they then sell. If the price drops, they profit by buying back the stock, repaying the loan and pocketing the difference.

The SEC rules approved today target so-called naked short- selling, in which traders never borrow shares from their brokers. The agency is concerned that such a strategy can free investors to manipulate prices by placing unlimited sell orders.

One SEC regulation eliminates an exemption for options market-makers to deliver shares of companies placed on so-called threshold lists. Companies are listed when they have a high number of borrowed shares that haven't been delivered.

Market-Makers

The rule will make it harder for options market-makers to hedge trades when they sell put contracts, said Stephen J. Nelson, a securities lawyer in White Plains, New York.

``If you want to short the stock you're going to have to deliver it, and the only way to really do that is to pre- borrow,'' Nelson said. `Professional traders are not in the business of taking that kind of risk. They would be very reluctant to face the five-day window because buy-in can be very expensive.''

The SEC also approved a rule drafted in March that would make it a fraud for investors to lie to their broker about locating shares to sell short. Currently, brokers are able to rely on their customers' assurance that they had located shares that could be used to cover a short sale.

The SEC rules don't reinstitute an ``emergency'' order that expired last month, which placed restrictions on short-selling in Lehman, Fannie Mae, Freddie Mac and 16 securities firms. The order required investors betting on a decline in stock prices to arrange to borrow the shares before completing a sale.

The SEC also declined to bring back the so-called uptick rule, which allowed short sales only if a preceding trade boosted a company's stock price. Lawmakers such as U.S. Senator Charles Schumer, a New York Democrat, have questioned the agency's June 2007 decision to remove the rule.

To contact the reporter on this story: Jesse Westbrook in Washington at jwestbrook1@bloomberg.net; Edgar Ortega in New York at ebarrales@bloomberg.net.

Last Updated: September 17, 2008 09:52 EDT

CMKX - Cramer... Line Of Defense...

ATTENTION SEC...

CNBC Video - Mad Money host Jim Cramer shares his outrage.

CMKX - UCAD/USCN SEC Filing...

SEC FORM 10-KSB/A

US Canadian Minerals Inc. (the “Company”) received a letter dated September 2, 2008 from the Securities and Exchange Commission (”SEC”) notifying the Company that the staff of the SEC had completed its investigation of the Company and does not intend to recommend any enforcement action against the Company.

US Canadian Minerals Inc. at AOL Finance

CMKX - Perfect Timing For CMKM Diamonds Settlement...

Who Would Notice...??
Just One More Financial Calamity...!!
CMKM Diamonds... PLEASE Just Pay Us NOW...!!

Bloomberg.com

Breaking News

•Lehman Files for Record Bankruptcy, Victim of Meltdown Firm Helped Create

•Stocks in U.S. Drop as Lehman Bankruptcy Deepens Turmoil in Credit Markets

•AIG Slumps After Insurer Rejects Buyout Offers, Seeks $40 Billion Fed Loan

•Bank of America Will Buy Merrill for $50 Billion as Credit Crisis Broadens

•Oil, Gasoline Tumble as Lehman Fails, Hurricane Ike Spares U.S. Refineries

•Pimco, Vanguard, Franklin Are Biggest Bond Fund Losers in Lehman Collapse

•Credit-Default Swaps Surge Most Ever as Lehman Threatens to Unravel Market

CMKX - SEC May Reinstate Emergency Naked Shorting Rules...

SEC to act on abusive short selling: source
Yahoo News

Banks Fear Next Move by Shorts...
The New York Times - Business

By LOUISE STORY
Published: September 14, 2008

In May, David Einhorn, one of the most vocal short sellers on Wall Street, made no secret he was betting against Lehman Brothers. Now, some investors are afraid that fund managers like him will take advantage of the climate of fear stirred up by the troubles of Lehman to single out other weak financial firms whose declining share prices would bring them rich rewards.

At emergency meetings over the weekend, the heads of major financial institutions urged Timothy F. Geithner, the president of the New York Fed, and Treasury Secretary Henry M. Paulson Jr., to consider having the Securities and Exchange Commission reinstate a temporary rule to limit the risky but potentially lucrative practice of betting on a firm’s falling share price, according to two people who were briefed on, but did not attend, the meetings.

They are concerned that short sellers might fix their gaze on other big financial institutions. But Wall Street may be breathing easier after one company frequently mentioned, Merrill Lynch, began advanced talks on Sunday to sell itself, and another, the insurance giant American International Group, moved toward a restructuring in an effort to strengthen its financial position.

In July, the S.E.C. briefly halted a practice known as naked short selling after speculators placed large bets that shares of Fannie Mae and Freddie Mac, the troubled mortgage giants, would decline. That also made it harder, though not impossible, to short the stocks of 19 financial institutions, including brokerage firms like Lehman Brothers and Morgan Stanley.

The investment tactic of betting a stock will slide is not new, of course. But it has become particularly controversial in the last year, when Wall Street firms started to be singled out as the credit crisis turned the financial sector upside down.

Short sellers and their free market supporters say they have done nothing wrong. If anything, they say, they have merely spotted problems at financial institutions ahead of everyone else, making them a useful early warning system for the rest of the market. Critics believe they have contributed to the speed of the decline of any number of financial shares.

Short-selling against financial institutions has proved particularly lucrative for hedge funds. Mr. Einhorn’s accusations included a complaint that Lehman had been failing to properly account for its marks on troublesome holdings.

Lehman’s shares were already under pressure when he took the microphone at a large industry gathering in May to lay out his case against the investment bank. The firm, he told the crowd, had used “accounting ingenuity” to avoid large write-downs and remained tainted by bad commercial real estate investments.

Mr. Einhorn stood to profit by convincing people of his view: He had been betting against Lehman’s stock — it stood at around $40 when he spoke — since July 2007, when it traded for around $70.

While Lehman’s shares have declined as investors lost confidence in its ability to repair its balance sheet, in the four months after Mr. Einhorn’s remarks, short-selling played a role in the erosion. A rapid plunge in the shares to below $4 last week created the conditions that brought the 158-year old firm to its knees on Sunday.

For all his boldness, Mr. Einhorn is aware of the havoc that bank failures can create. “We would not win if Lehman went down and took the whole financial system with it,” Mr. Einhorn said in an interview in June. “An actual collapse of Lehman — that would not be a good thing.”

Other hedge fund managers recognize the dangers and the harm that is befalling bank employees who have been paid in their companies’ stocks. “My children, their playmates’ fathers work at Lehman,” said one manager who is short Lehman and asked to remain anonymous, citing the fragility of the situation. “Obviously I had nothing to do with what happened, and the idea that I profited, and they got clobbered, and I’ve got to see them on Monday is awkward. I feel badly for them.”

Mr. Einhorn was never shy with his criticism of Lehman. He pointed to the bank’s investments in two real estate companies, Archstone and Sun Cal, and said Lehman had not marked its mortgage assets down enough. “Lehman is one of the deniers,” he said in the June interview.

To many, Mr. Einhorn simply saw the writing on the wall early. And, hedge fund managers say, Lehman executives failed to realize how much credibility Mr. Einhorn has in the investor community. Lehman might have fared better if it had raised capital or taken write-offs far earlier, as Mr. Einhorn suggested.

But to some in the world of finance, Mr. Einhorn and investors like him are dangerous.

“It is really like taking a baseball bat to someone who is down,” said Jim Hardesty, president of Hardesty Capital Management in Baltimore. “A bunch of these guys with very large bats are circling around certain companies and banging them over and over again. It is unsportsmanlike conduct.”

“My worst nightmare would be waking up one day and listening to David Einhorn talk about our company and wanting to short myself,” said Larry Robbins, chief executive of the hedge fund Glenview Capital, as he started his own speech at the May conference, the third event that included Mr. Einhorn’s criticisms of Lehman.

Hedge fund managers who focus on shorting companies stand out in the industry in an otherwise terrible trading year. Hedge funds are down more than 4 percent but short-focused hedge funds are up 9.76 percent, said Hedge Fund Research.

By coincidence, Mr. Einhorn’s fund, Greenlight Capital, is down 4.3 percent this year through Aug. 22, according to HSBC (he also invests in stocks, as well as shorting them).

His is a so-called long-short fund, which means he invests $2 buying shares in companies for every $1 he places shorting other companies. One company he took a positive view on was New Century, one of the first mortgage lenders to file for bankruptcy.

Mr. Einhorn said in June that he receives far more criticism for his short positions than he does for the positive bets he makes, which he also sometimes discusses publicly. And, he said, executives at companies are biased in the views they provide because they own so many shares of their companies’ stocks.

Mr. Einhorn declined to comment for this article and a spokesman would not say if he was still short Lehman’s stock or on what day he sold his position.

Eric Dash contributed reporting.

A version of this article appeared in print on September 15, 2008, on page C1 of the New York edition.

CMKX - Urban Casavant's Family Sued By CMKM Diamonds Inc.

The Prince Albert Daily Herald

Kin of former P.A. man in diamond fraud case hit with lawsuits...

SASKATOON -
DAVID HUTTON
Canwest News Service

Several family members of a man from Prince Albert who faces charges in a diamond mine scam are being sued in Texas.

The lawsuit is the latest twist in what is being called the largest penny-stock fraud in history. Urban Casavant, the 51-year-old former CEO of CMKM Diamonds Inc., was charged by the United States Securities and Exchange Commission (SEC) in April.

Casavant, according to sources, is now back in Saskatoon, staying with family while being investigated by the Federal Bureau of Investigation, the Internal Revenue Service and the U.S. Department of Justice.

CMKM's lawyer Bill Frizzell alleges in court documents that Carolyn Casavant, Urban's wife, was issued more than $4.8 million in company payments. Victor Casavant reportedly gained more than $740,000 while Ron Casavant, who was active peddling the penny stock at car races, was issued cheques for $290,000, the documents state.

Carolyn Casavant remains in their Saskatoon home that overlooks the Willows Golf and Country Club. The house, on the market for 18 months, is listed at $1.2 million.

After being shown a picture of Urban Casavant, a neighbour confirmed that he was seen coming and going from the house recently. Named in the court documents are Corinne Ward, Eric Reid, Margaret Reid, Dale Casavant and Max Casavant, all relatives of Urban.

Casavant - a former prison guard and U-Haul franchise owner in Prince Albert - and several American cohorts, allegedly conspired to illegally sell billions of shares of unregistered CMKM stock, raising at least $64 million from 40,000 investors around the world between 2003 and 2005.

They claimed to hold mineral rights near Prince Albert. To add to the hype, Casavant started the CMKXtreme team of drag racers that travelled to events across the U.S., their cars emblazoned with the CMKM stock symbol.

None of the allegations have been proven and none of those accused have filed statements of defence. If found liable, those named in the case will not face prison time because the case is civil.

Link to the lawsuit is:
cmkmdiamondsinc.com/documents/texas_lawsuit_09_05_08.pdf

CMKX - CMKM Diamonds Appoints Mark Faulk as New CEO

TYLER, Texas--(BUSINESS WIRE)

September 11, 2008 06:14 PM Eastern Daylight Time

CMKM Diamonds Appoints Mark Faulk as New CEO

TYLER, Texas--(BUSINESS WIRE)--CMKM Diamonds, Inc. CEO and Chairman of the Board Kevin West announced today that Mark Faulk has been named as the new CEO and President of CMKM Diamonds, Inc., effectively immediately. Faulk is a nationally recognized advocate for stock market reform, and has performed extensive research on CMKM Diamonds in the process of writing “The Naked Truth: Investing in the Stock Play of a Lifetime.” Kevin West will remain with the Company as Chairman of the Board, and will continue to assist in all aspects of Company business.

Mr. Faulk stated: “I am honored to have been chosen to lead the Company as we move forward to return assets and value to CMKM Diamonds. I have spent the past five years advocating reform in our financial system, and this new challenge will allow me to put that knowledge to work in a practical way that will benefit CMKM and its loyal shareholders. Kevin West and general counsel Bill Frizzell have worked tirelessly on behalf of the Company, and their efforts should be applauded by all CMKM shareholders.

“This is not a passing of the baton, it is instead simply reinforcing the troops,” Faulk continued. “With the newly appointed Advisory Committee and Board of Directors, the Company has laid a strong foundation that is capable of meeting any challenges that CMKM may face. My immediate goal is to continue to add to that base, which will allow the Company to become even more aggressive in their legal battles and widen the scope of their efforts.”

Faulk also said, “In the very near future, we plan to announce the expansion of our legal team to maximize our efforts to return real value to CMKM Diamonds. We are also in the process of filling positions for a Research Committee to aid the Company in its efforts. I intend to continue West’s plans to utilize CMKM’s greatest asset, which is its extensive and knowledgeable shareholder base. There is truly strength in numbers. While we intend to keep the door open for those who wish to negotiate settlements to atone for their actions against the Company, we will move forward aggressively in our legal efforts.”

Chairman Kevin West states, “I want to thank the newly appointed Board of Directors and the Advisory Committee for their help, recommendations, and unanimous decision to select Mark Faulk as the new leader of this Company. I believe this is a high point in this Company’s history and Mr. Faulk is the most qualified person to take over the leadership role and move CMKM to the next level. I look forward to working with our new team as we continue to grow in strength and numbers.”

Faulk also announced his resignation as CEO of Togi Entertainment, Inc., and wants to thank those who he has worked so closely with over the past two years. In order to avoid any conflicts of interest, The Faulking Truth Show on Toginet.com will no longer be aired. Co-hosts DeWayne Reeves and Mark Faulk will do one final show this Friday from 8:30-10 AM CDT on www.toginet.com to discuss Faulk’s hiring, and will take calls from shareholders for the last half of the show. The toll free caller number is 1-877-864-4869.

Faulk also intends to conduct a monthly CEO radio chat in order to keep shareholders informed about current developments, and to answer questions that shareholders may have about the Company’s activities. Also, a new Company phone line will be set up in the very near future, and will be posted on the company website. The Company requests that all phone calls be directed to the new company phone line so that legal counsel can maximize their time and efforts on the task at hand.

CMKM also announced that, in addition to the new CEO and Research Committee, they are currently in negotiations to add several attorneys to the legal team to assist General Counsel Bill Frizzell in his actions on behalf of the Company.

CMKM Diamonds Inc., Tyler
Kevin West, 903-262-8397
www.cmkmdiamondsinc.com

CMKX - SEC Email Response...

This Just In...

I sent an email requesting info about CMKX - CMKM Diamonds to many SEC email addresses on August 28th, 2008.
This reply came today, September 10th, 2008.
(help@sec.gov).

Thank you for contacting the SEC.

You ask about the current status of CMKM Diamonds. As you may know, since the SEC filed its civil complaint against CMKM Diamonds and 13 other defendants on April 7, 2008, the SEC has settled with the company, John Edwards, Anthony and Kathleen Tomasso.
Disgorgement has been ordered against all of the defendants who have settled except CMKM Diamonds. To date, the Court has not entered any orders regarding the amounts to be disgorged nor has payment been made.
If and when money ordered disgorged has been paid, the SEC may establish an investors claims fund. Typically, these funds are not established until the conclusion of a case.
The Fair Funds provisions of SOX may come into play because of penalties also ordered against John Edwards and possibly others.

The Tomassos have filed for bankruptcy in Florida. The docket sheet shows that they filed a Suggestion of Bankruptcy and that there are hearings scheduled relating to this. On August 5th, the SEC filed a proposed judgment against another defendant, Daryl Anderson.

The SEC litigation is ongoing. Investors can monitor the case themselves through PACER at https://ecf.nvd.uscourts.gov/cgi-bin/ShowIndex.pl. You may want to go to Pacer's general website as a password has to be requested -- see http://pacer.psc.uscourts.gov. Please be aware that the SEC conducts its investigations on a confidential basis and will not comment on its investigations other than posting litigation releases on our website.

Sincerely,

ROBERT T GREENE
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
100 F St, NE
Washington, DC 20549-0213

CMKX - CMKM Diamonds - An Open Letter To Urban Casavant...

Mr. Casavant,

I am one of the 40,000 or more CMKX shareholders.

I started buying shares on November 26th, 2002, the day after CyberMark officially became a Casavant company.
I continued buying shares until June 14th, 2005, shortly before trading was suspended & CMKX was eventually revoked.

Soon, CMKX will be revoked for longer than it was trading.

I have all my shares in certificate form, as requested by the company. I also have certificates for my CIM spinout shares.

I met your brother Ron at the NHRA races in Englishtown, NJ. I was hoping to meet you, but you were not there.

There are many rumors & theories about you and CMKX... Some good, some bad. I'd like to believe the good ones.

However, the 'new' team that you turned the reins over to, does not appear to have any concern whatsoever for the shareholders. I would like to believe there is some hidden method to this apparent madness.

Some shareholders are still hoping to hear from you and the 'old' team again, if there still is one.
The repeated failure of the information from supposedly connected gurus & sources, continues to erode shareholder confidence.

The SEC activities, and other legal action concerning CMKX has been interesting, but it is not clear if that activity will ever directly benefit shareholders.

I have chosen to believe in CMKX, and I continue to hope for a good outcome for all shareholders.
Unfortunately, shareholders don't really have any other choice but to wait.

Many people have said what a good person you are, and how much you care about the shareholders.
I would like to believe that also.

The continued lack of credible, factual information supporting a positive outcome for the shareholders, only serves to reinforce the negative assertions of the naysayers.

Hearing from someone who may still be concerned about the best interests of the shareholders, would silence many of the critics and naysayers, and bring a renewed hope to shareholders.

Good or bad, I believe the shareholders have a right to know.

CMKX - Latest Update For CMKM Diamonds Payout...

November 26, 2002 To September 5, 2008...

5 Years, 9 Months, and 9 Days...!!

2,110 Days...

50,640 Hours...

3,038,400 Minutes...

182,304,000 Seconds...!!

ANY QUESTIONS...??

CMKX - Guru Perfomance Evaluation...

November 26, 2002 To September 1, 2008...
5 Years, 9 Months, and 5 Days...!!
2,106 Days... 50,544 Hours... 3,032,640 Minutes...
181,958,400 Seconds...!!

Labor Day Is Here... Another Month Has Ended...

Another 'Sure Thing - Can't Miss' Prediction
For CMKX Goes Down In Flames...!!

Seems Like A Fitting Time For...

Guru Performance Evaluation Top Ten List...!!

(10) "This guru is really not so much of a 'has-been',
but more of a definite 'wanna-be', 'never-will-be'."

(9) "This guru sets low personal standards,
and then consistently fails to achieve them."

(8) "He certainly takes a long time to be so pointless."

(7) "When he opens his mouth, it seems that it is only to change feet."

(6) "This guru has delusions of adequacy."

(5) "He shows great loyalty...
Probably can't get a job anywhere else."

(4) "This guru should go far...
And the sooner he starts, the better."

(3) "I would not allow this guru to breed."

(2) "This guru is depriving a village somewhere of an idiot."

(1) "Considering his latest prediction,
this guru has reached rock bottom...
And has started digging."

CMKX - Calendar Update 3...

Let's Review...

Guru Predictions...
Yes, it will still be in August...

Yes...... there is closure...

Closure for shareholders is money in hand...

Everything is done except for the release of the funds...

Question: Are you still thinking we would have money... our closure... in hand by Labor Day?
Answer: Yes, I still believe that.

Guru Results...

Business Days Left In August = ZERO

Last Two Days Of August = Saturday & Sunday

Labor Day On Monday

Shareholders STILL Have NOTHING...!!


ANY QUESTIONS...??


Relax... Chill Out... Maybe Next Time...
Have Another Drink... The Guru Is Buying...




Editor's Note - CMKX may or may not payoff for shareholders...
But it won't be a GURU that makes it happen...!!
Why do you think the sources remain UN-NAMED...??

SEC Electronic Mailboxes...

Electronic Mailboxes at the Commission

General Information

The SEC invites public inquiries and comments through the use of its Internet electronic mailboxes. Because electronic mail (e-mail) on the Internet is not secure, you should not send confidential or sensitive information. Further, responses sent over Internet e-mail are not considered statements of SEC policy or Commission opinion.

To assist us in responding to your message quickly, please include your e-mail address, a postal mailing address, and a daytime telephone number in your message. In most of these boxes, incoming messages are acknowledged through an automatic receipt reply; however, please note that the volume of messages received by a Commission mailbox may delay a response to all inquiries.

A variety of SEC offices and divisions currently maintain mailboxes to receive messages from the public. Available mailboxes include:

SEC Electronic Mailboxes

chairmanoffice@sec.gov,
enforcement@sec.gov,
oig@sec.gov,
newyork@sec.gov,
losangeles@sec.gov,
mccoyj@sec.gov,
whitem@sec.gov,
hakalal@sec.gov,
boston@sec.gov,
philadelphia@sec.gov,
miami@sec.gov,
atlanta@sec.gov,
chicago@sec.gov,
denver@sec.gov,
dfw@sec.gov,
saltlake@sec.gov,
sanfrancisco@sec.gov,
tradingandmarkets@sec.gov,
oiea@sec.gov,
publicinfo@sec.gov,
help@sec.gov

CMKX - acca & Des... Heard It Through The Grape Vine... 8/21/2008

acca & Des In The Grape Vine MP3

Written Recap on Proboards86

Written Recap on Proboards102

Some 'Highlights'...

Gosh: Are we still on for the end of August in your opinion?
Acca: Yes, it will still be in August.

Ines: Has every one paid?
Acca: To the best of my knowledge everybody has paid up.

Ines: Which has to come first? Announcement from SEC or company side?
Acca: Obviously damages has to be paid first. He sold some claims to some individuals that is where the money is coming from and that was put into a trust. That is the second payment.

Question: Why the secret still? Companies around Saskatchewan are putting out PRs on a daily basis. Why can they tell us when we are getting paid and how much? The sting is over ... so why the secrecy........
Acca: In the very near future there will not be secrecy. It will all come out. You will understand.

Question: Is this it? Are we done? Is your task over? Are we finally going to be paid?
Acca: Yes...... there is closure...

Question: You said that it was going to be ugly before closure... Describe closure.
Acca: Closure for shareholders is money in hand... for me is I don't have to come in anymore.

Question: You said we have closure. We still don't have closure.
Acca: Everything is done except for the release of the funds.

Question: ... asked about payment...
Acca: I think I said .17 and .37

Question: Are you still thinking we would have money... our closure... in hand by Labor Day?
Acca: Yes, I still believe that.

Question: Did Acca know that Urban was going to be on Ice Road Truckers?
Des: He did not...... I knew before he did

CMKX - Calendar Update 2...

CMKM Diamonds Calendar Update...
Since we seem to be doomed to waiting & watching the calendar, I think some new calendar formats can provide an interesting diversion during our ordeal.



Another week is ending...
Another month draws to a close...
Another Holiday rolls around...
Another Summer season passes us by.

And here we sit...

Teased by the same promises as the long cold Winter past...
Disappointed by the hopeful rejuvenation of a Spring long gone.
See you in September... October, November & December.

Harmless words which now make me cringe...

Within Two Weeks... By The End Of The Month...
It's Over... It's Done... I'm Out Of Here...!!

Editor's Note - This May Be A Useful Tool...
CMKX - Perpetual Calendar Generator

Former SEC Boss Harvey Pitt Investigates Naked Shorting...

Remember When Naked Shorting Didn't Exist...??

Former SEC Boss Joins Alabama Probe

Former SEC boss joins Alabama probe... Harvey Pitt appointed deputy AG to investigate suspected financial crimes

Wednesday, August 20, 2008
By GEORGE TALBOT
Political Editor

Alabama is enlisting some high-powered help in its battle against financial crime.

Harvey Pitt, former chairman of the U.S. Securities and Exchange Commission, was appointed Tuesday as a deputy attorney general for Alabama, enabling him to assist the state in its investigation of a controversial investment tactic known as naked short selling.

"He's the best, and I wanted him on our team," said Joe Borg, chairman of the Alabama Securities Commission.

Borg said he asked Attorney General Troy King to appoint Pitt to the unpaid position. Pitt will focus on a case involving Montgomery-based Colonial BancGroup, which has seen its shares plummet under pressure from investors who profit when stock prices fall.

These investors profit through a practice known as "short selling."

Borg's office is investigating whether some of those investors spread lies and malicious rumors in order to manipulate the stock price — a scheme often employed by "naked" short sellers, who illegally trade shares they do not own.

"There's nothing wrong with shorting a stock. But when you combine that with false information, you're breaking the law, and we're going to prosecute you for that," Borg said Tuesday.

Pitt, he said, "will be a great asset to Alabama, because he's one of the most knowledgeable people in the world when it comes to securities law. And he has a particular expertise on naked short selling, which is now a major target of the SEC. He knows how these guys work and how to stop them."

Pitt was appointed to lead the SEC in 2001, serving as chairman until his resignation in 2003. The government agency enforces federal securities laws and regulates the U.S. stock markets. Pitt currently serves as chief executive of Kalorama Partners LLC, a Washington, D.C.-based global strategic consulting firm, and will continue in that role, according to a news release.

"He'll be back and forth here on a regular basis," Borg said. He said the appointment as deputy attorney general is a legal formality that allows the state to share its investigative files with Pitt.

Colonial declined to comment Tuesday, citing the ongoing criminal investigation launched by Borg. The second-largest Alabama-based bank (trailing Birmingham-based Regions) saw its shares fall from $16.01 on Feb. 1 to $3.36 on July 14. Colonial took its concerns about short selling to Borg's office in late July. Since then, the stock has nearly doubled its value, closing Tuesday at $6.31.

Colonial has been stung by mortgage losses across its network of 340 branches in Alabama, Florida, Georgia, Nevada and Texas. The bank founded and chaired by prominent Auburn University trustee Robert E. "Bobby" Lowder ranks fourth in Alabama in terms of market share, and fifth in Mobile and Baldwin counties.

© 2008 Press-Register. All rights reserved.

SEC Experiment - Enforcing The Rules ACTUALLY WORKS...!!

SEC New Naked Shorting Rules @ CNBC.com

U.S. SEC to propose new short selling rule in weeks...

WASHINGTON - The top U.S. securities regulator plans to propose new short selling rules in the next few weeks.

U.S. Securities and Exchange Commission Chairman Christopher Cox said on Tuesday that the proposal "will focus on market-wide solutions" but is not intended to have any impact on the direction of prices.

Cox also said fails to deliver "were reduced substantially" for the stocks covered under the SEC's recent emergency short selling rule.

"It was a very effective order from that standpoint," Cox told reporters after a news conference.

The SEC enacted an emergency rule on July 21 that required short sellers to pre-borrow stock in mortgage finance giants Fannie Mae and Freddie Mac and 17 Wall Street firms such as Goldman Sachs before executing a short trade.

Investors who bet on falling stock prices also have been required to deliver the securities by the settlement date -- obligations that forced Wall Street to change the way they traded those stocks.

Short trading in those 19 stocks reverted to rules governing other shares on August 13 as the SEC experiment against abusive short selling expired.
Copyright 2008 Reuters.

CMKX * acca Speaks * On Pro86 Board-- "This Agonizing Journey Will Be Over Within Two Weeks."

acca Posts On Pro86 - Millionaires Board

Also On Pro102 Board

I Understand The Immense Scrutiny I Am Under And I Accept That. Having Said That, We Need To Get A Few Things Clear. I Am With The Original Camp Plain And Simple. I Do Not Work For A Short Interest. Certain Individuals Have Worn Thin On Patience And Have Taken A Hostile Stance Which They Will Regret Very, Very Soon.

It Is Not Crazy Nor Insane To Think That One Of The Richest American Companies In The World Has A Play In This. This Will Be IBM's Greatest Accomplishment, And His Legacy Will Live On Forever Because Of This!

Tyler Is Made Up Of Nothing More Than A Three Ring Circus, Who Are Completely Out Of The Loop And In The Dark, And Is Chaotic And Disorganized At Best. This Agonizing Journey Will Be Over Within Two Weeks. It Just Had To Be This Way, It Really Did. You May See It As Some Cruel Or Extreme Unconventional Torture But Yet Again I Say It Had To Be This Way As You Will See Shortly.

To The Tyler Group, Any Lawsuit You Try And Serve Me With Will Be Frivolous And You know This, As I Have Don In My Corner. I Invite You To Waste Your Time And File One. To All The Long And Strong Shareholders I Thank You And Commend You!! I Said It Was Going To Get Ugly Before We Had Closure, Well, We Have Closure!! ~Acca

Editor's Note -
( Please Refer To Previous Explanation of 'Two More Weeks'...!! )

CMKX - CMKM Diamonds, Inc. Appoints New Directors To Board...

Business Wire
August 14, 2008 06:48 PM Eastern Daylight Time

CMKM Diamonds, Inc. Appoints New Board of Directors’ Members
TYLER, Texas--(BUSINESS WIRE)--CMKM Diamonds, Inc. CEO and Chairman of the Board Kevin West announced today that shareholders Stan Polsom, Tom Stephenson, and Roger Summers have been named to the Company’s Board of Directors. With the recommendation of the newly formed advisory committee, the Company is now in negotiations with an individual to take over the leadership role as Chief Executive Officer. Kevin West will remain as the Chairman of the Board.

Mr. West stated, “We will continue to forge ahead as we are determined to show our loyal shareholders and the entire business world that this Company will not only survive through the difficult times, but in the end it will flourish.” Mr. West continued, “Regardless of what many will say, we still believe after all this time that our shareholders are our biggest strength.”

Roger Summers served eleven years as a US Navy Hospital Corpsman stationed with 1st BN Fourth Marines, and at the Naval School of Health Sciences in San Diego as clinical coordinator. He is currently president of OG Advisors LLC., providing subcontracted Corporate Due Diligence, Asset Tracking, and Investigations. Summers is also a clinical instructor in Radiography for a nationally-known medical institute.

Summers said, “Having been a shareholder of CMKM Diamonds since March 2004, I am pleased to step forward and join the fight to reclaim what is ours. This company has faced many obstacles since Mr. West has taken over, yet he and our Corporate Counsel, Bill Frizzell, have met every challenge with courage, dedication and veracity. Together we will work to return legitimacy to this company by building upon the foundation laid by their efforts. I am honored to serve the shareholders of CMKM in building a viable, profitable business.”

Tom Stephenson brings a wealth of knowledge and experience with public companies. Tom is a successful private businessman and understands what must be achieved to bring the Company credibility and longevity. His extensive 20-year background in the field of Information Technology will assist the Company in many of the diverse and complex undertakings it is in the process of resolving.

Stephenson stated, “Our role as a team is to effectively represent and promote the interests of all shareholders with a view to adding long term value to the Company's shares. We are all committed and prepared to make any personal sacrifices to ensure that we fulfill that role. We intend to fulfill our goals by any and all means necessary and with honesty and integrity.”

Stan Polsom brings a diverse background to CMKM Diamonds. He has a degree in Business Administration along with seven years experience in contract law and accounting, specializing in internal audits and control. Polsom has over a decade of training in the petroleum industry, and has been a successful developer and contractor for the past forty-two years.

Polsom stated, “I will do my best to make sure that we as shareholders receive the justice that we deserve for all of the hard work that has been done. We are standing up for what we believe in, and we are going to fight to see that nobody is allowed to just walk over us.”

CMKM was recently awarded a $33,675,365 judgment in a Nevada District Court against former company insider John Edwards. The Company plans to announce the appointment of their new CEO in the very near future and is rapidly moving forward with efforts to recover assets stolen from the Company and its shareholders.

Contacts
CMKM Diamonds Inc., Tyler
Kevin West 903-262-8397
www.cmkmdiamondsinc.com

CMKX - Cube, The Sequel...

Memorable quote from 'Cube' (1997)

Worth: There is no conspiracy. Nobody is in charge. It's a headless blunder operating under the illusion of a master plan.
Big Brother isn't watching you!

Mysteries Of The Universe...

Simple Questions...??

Why is abbreviated such a long word?

Why does monosyllabic have five syllables?

Why isn't phonetic spelled the way it sounds?

Why is a carrot more orange than an orange?

Why are there interstate highways in Hawaii?

Why do we drive on parkways and park on driveways?

Why are they called apartments, when they're all stuck together?

Why do scientists call it research when looking for something new?

If vegetarians eat vegetables, what do humanitarians eat?

Why is it when you transport something by car, it's called a shipment, but when you transport something by ship, it's called cargo?

If price and worth mean the same thing, why are priceless and worthless opposites?

Is there another word for synonym?

Is it possible to be totally partial?

Why do they call it a building? It looks like they're finished. Why isn't it a built?

OT - Beijing Olympics Opening Ceremony...

On Tap at Summer Games


Father of former Olympian killed in Beijing
By BETH DUFF-BROWN, AP
posted: 51 MINUTES AGOcomments: 0

BEIJING -The murder of the father of a former Olympian at a Beijing landmark cast a sad shadow over the first full day of Olympic competition Saturday, just hours after China's jubilant opening of the Summer Games.
Todd and Barbara Bachman of Lakeville, Minn. _ parents of 2004 volleyball Olympian Elisabeth "Wiz" Bachman and in-laws of U.S. men's volleyball coach Hugh McCutcheon _ were attacked by a Chinese man while visiting the 13th-century Drum Tower.
The U.S. Olympic Committee confirmed Bachman died from knife wounds and that Barbara Bachman suffered life-threatening injuries. She and their Chinese tour guide, who was also injured in the attack, were being treated in a Beijing hospital.
Elisabeth Bachman was with them at the time of the attack, but uninjured. Her father was chief executive officer for Bachman's, Inc., a home-and-garden center based in Minneapolis.
The assailant, Tang Yongming, 47, leapt to his death from a 130-foot (40-meter) -high balcony on the Drum Tower, just five miles (eight kilometers) from the main Olympics site, the official Xinhua News Agency reported.
The midday attack sent shock waves through the games precinct after the Olympics' spectacular opening ceremony had set an ebullient tone. President George W. Bush, in the Chinese capital for the games, expressed sadness while American athletes and Olympics officials reacted with disbelief.
There was no indication that the assailant knew that his victims had any connection to the games. "For all intents, it appears to be a random attack by a deranged man," an American member of the International Olympic Committee, Jim Easton, told The Associated Press. "The only thing we've heard is they were not identifiable except for a small volleyball pin which would probably be invisible to a guy."
Easton said the attack has stunned the Olympic community.
"It's certainly a down day, certainly for the U.S. people," he said. "Here it is supposed to be a great time of happiness and peace and all that. That's what we work hard for, then for one person to be able to put a dark cloud on that."
The U.S. women's indoor volleyball team heard about the killing of their former teammate's father before they took on Japan in a match Saturday. After their victory, player Logan Tom was obviously shaken.
"God, we all love Wiz," she said. "It's hard to put it in words. That's not something that's supposed to happen."
Tom then turned away, crying.
"It's just tragic," said U.S. woman's basketball coach Anne Donovan. "I don't know if there's another word for it. We said a prayer for them in the locker room. I get goosebumps talking about it. It's something obviously that just changes the events right now for the Olympic Games."
Violent crime against foreigners is rare in tightly controlled China, and the assault at the Drum Tower, five miles from the main Olympics site, occurred despite major security measures that have blanketed the capital city during the Olympics: A 100,000-strong security force plus countless volunteer guards have been deployed to protect against any trouble.
Beijing's Communist leaders are hypersensitive about anything that could take the shine off the games. China's Foreign Ministry said it had no immediate comment on the attack. It was not mentioned in the main evening news bulletin on state-controlled television, though it was reported by the official Xinhua News Agency and other Chinese-language media.
Interpol said initial investigations found nothing indicating the murder was linked to terrorism or organized crime.
"So far, our database check and preliminary analysis suggest that today's murder-suicide was an isolated, though brutal, murder of one person and assault on two others," said Interpol Secretary General Ronald K. Noble.
Tang's name was run through computers containing more than 178,000 individuals, including 12,000 suspected terrorists, and came up blank. But Noble noted that the investigation was not complete.
Interpol said Tang had apparently recently divorced and had not been seen by relatives for two months.
U.S. Ambassador Clark T. Randt visited the victims in hospital, and the embassy issued a statement later that said the attack "appears to be a senseless act of violence."
"We don't believe this was targeted at American citizens, and we don't believe this has anything to do with the Olympics," embassy spokeswoman Susan Stevenson said.
Jennie Finch, a member of the U.S. softball team, said her heart skipped a beat when she heard about the attack, but was undaunted.
"I'm here with my husband and son, so it's not easy but we're living our dreams and we're not going to live in fear," she said. "We're going to go out there every day and enjoy every day and celebrate it."
Attacks on foreigners in China are extremely rare. A Canadian model was murdered last month in Shanghai _ police said she stumbled onto a burglary. In March, a screaming, bomb-strapped hostage-taker who commandeered a bus with 10 Australians aboard in the popular tourist city of Xi'an was shot dead by a police sniper.
Shanghai and Beijing are still safer than most cities of their size. Punishments for crimes against foreigners are heavier than for crimes against Chinese, and police-linked neighborhood watch groups are highly vigilant. Chinese are not allowed to own guns. Still, the U.S. government has warned Americans against muggings, beatings and even carjackings, especially in the nightlife and shopping districts of large cities.
The Drum Tower is one of few ancient structures still in fast-developing Beijing. Long ago, drummers pounded their massive instruments on the hour to let people in the imperial city know the time. It is located on an important central axis of the city, to the north of the Forbidden City, which was home to the emperor.
___
Steve Wilson in Beijing contributed to this report.

CMKX - Robert Maheu, 90; Tycoon's Aide, CIA Spy

Washington Post
Obituaries
Robert Maheu, 90; Tycoon's Aide, CIA Spy

By Matt Schudel
Washington Post Staff Writer
Wednesday, August 6, 2008; Page B05

Robert A. Maheu, who was a powerful aide to reclusive tycoon Howard Hughes and whose cloak-and-dagger exploits included involvement in a CIA and Mafia plot to assassinate Fidel Castro, died Aug. 4 at Desert Springs Hospital in Las Vegas. He was 90 and had cancer and heart ailments.

Mr. Maheu (pronounced MAY-hew) was a onetime FBI agent who ran a Washington company that he said carried out secret missions for the Central Intelligence Agency.

Mr. Maheu's first jobs for Hughes in the 1950s included private-eye snooping on Hughes's past and prospective girlfriends in Hollywood. Later, as Hughes's chief adviser, he helped make his boss Nevada's third-largest landowner, after the federal government and the state power company.

After becoming Hughes's director of Las Vegas operations in 1966, Mr. Maheu was the most influential member of the billionaire's inner circle and acted as his liaison to leading political figures and the world at large.

"If he wanted someone fired, I did the firing," Mr. Maheu wrote in his 1992 autobiography, "Next to Hughes." "If he wanted something negotiated, I did the bargaining. If he had to be somewhere, I appeared in his place. I was his eyes, his ears, and his mouthpiece."

Before he was abruptly fired in 1970, Mr. Maheu spoke with Hughes as many as 20 times a day on the telephone. But in all their years together, he never met the eccentric mogul face to face. Hughes lived in seclusion on the top floor of the Desert Inn Hotel, with only a few private aides admitted to his presence.

"He finally told me that he did not want me to see him because of the way in which he had allowed himself to deteriorate, the way in which he was living, the way he looked," Mr. Maheu said on "Larry King Live" in 1992. "He felt that if I ever in fact saw him, I would never be able to represent him."

Mr. Maheu earned $520,000 a year and was living in one of the largest houses in Las Vegas when Hughes had two other aides fire him in December 1970. In 1972, Hughes broke a long silence by speaking in a telephone news conference, seeking to prove he had nothing to do with a purported autobiography by Clifford Irving, which was later confirmed a hoax.

During that news conference, Hughes called Mr. Maheu "a no-good son of a bitch who robbed me blind." Mr. Maheu sued him in federal court for defamation. He initially won a $2.8 million settlement from Hughes, but the decision was overturned.

The four-month trial revealed many engrossing details about Hughes's business dealings, his political contributions and his increasingly bizarre private life.

Mr. Maheu disclosed that in 1970 he delivered $100,000 to Charles G. "Bebe" Rebozo, a close friend of President Richard M. Nixon's, in return for possible future favors for Hughes. Mr. Maheu entertained Nixon's vice president, Spiro Agnew, on his yacht and regularly played tennis with then-Nevada Gov. Paul Laxalt (R), who became a U.S. senator.

But Hughes spread his political largess to both parties, contributing $100,000 to 1968 Democratic presidential candidate Hubert H. Humphrey. Mr. Maheu said he personally placed a briefcase containing $50,000 cash -- from receipts at the Hughes-owned Silver Slipper casino -- in Humphrey's limousine. The contributions were legal at the time because they were considered private donations from an individual, not corporate contributions.

Mr. Maheu said he twice turned down requests from Hughes to arrange $1 million payments to Presidents Lyndon B. Johnson and Nixon -- payable after they left office -- if they would agree to stop underground nuclear testing in Nevada, where Hughes lived until moving to the Bahamas in 1970. (He died at age 70 in 1976.)

"In '57, when I agreed to be his alter ego," Mr. Maheu told the San Diego Union-Tribune in 1992, "I thought it would be very challenging: representing him at presidential inaugurals, handling multimillion-dollar deals in his behalf. . . . In reality, you're living a lie."

Robert Aime Maheu was born Oct. 30, 1917, into a French-speaking family in Waterville, Maine. After he graduated from the College of the Holy Cross in Worcester, Mass., he analyzed aerial photographs for the Department of Agriculture before joining the FBI.

During World War II, the FBI assigned him to monitor a French spy who became a double agent and helped deceive the Nazi high command with false radio transmissions. By the mid-1950s, Mr. Maheu said he did undercover work for the CIA -- "those jobs in which the agency could not officially be involved," he wrote in his autobiography.

Recently declassified CIA files confirm that Mr. Maheu was present at a 1960 meeting in Miami Beach, Fla., between organized crime bosses Sam Giancana and Santo Trafficante Jr., as part of an abortive CIA effort to assassinate Cuban leader Fidel Castro. The plan was dropped after the failed Bay of Pigs invasion in 1961.

"If anything went wrong," Mr. Maheu wrote in his memoir, "I was the fall guy, caught between protecting the government and protecting the mob, two armed camps that could crush me like a bug."

After leaving Hughes, Mr. Maheu became a successful real estate investor but was admittedly careless in his bookkeeping.

"Most people, I have observed, spend 90 percent of their time scribbling notes and keeping records to justify their existence," he said in 1974. "I prefer to use that time getting things done."

Mr. Maheu had expensive tastes and helped found a Las Vegas chapter of a French gourmet society, and as time went on, he reveled in chances to tell of his colorful life.

His wife of 62 years, Yvette Doyon Maheu, died in 2003. A daughter also preceded him in death.

Survivors include three sons; 10 grandchildren; and 10 great-grandchildren.

Las Vegas Now Eyewitness News

Las Vegas Review Journal

Las Vegas Sun

Robert Maheu, confidant of Howard Hughes, dies at 91
By Sun Staff

Published Tue, Aug 5, 2008 (9:34 a.m.)
Updated 1 hour, 12 minutes ago

Robert Maheu, the longtime confidant of Howard Hughes, has died at age 91.

Maheu, a former FBI agent, served as Hughes' right-hand man and alter ego for 13 years. Maheu moved to Las Vegas from Los Angeles in 1966 when Hughes relocated to the top floor of the Desert Inn, which Hughes purchased when hotel management asked him to leave that year in time for New Year's Eve crowds.

“We weren’t gambling and we were tying up their best rooms — they were justified in trying to kick us out,” Maheu recalled in a 2004 interview with the Las Vegas Sun.

Maheu was born in Waterville, Maine, in 1918. After graduating from the College of the Holy Cross in Worcester, Mass., in 1950, he joined the Federal Bureau of Investigation. During World War II he posed as a German sympathizer.

In 1947, Maheu established his own investigative company. He also worked for the Central Intelligence Agency. He later admitted: "The CIA was my first steady client, giving me 'cut-out' assignments (those jobs in which the agency could not officially be involved)." This work brought him into contact with Howard Hughes, and in the late 1950s Maheu worked for him on a freelance basis. This included intimidating would-be blackmailers and obtaining information on business rivals.

Maheu began full-time work for Howard Hughes in 1966. He moved to Las Vegas, where he ran Hughes's casinos. Maheu explained later what his role was in the operation: "When he came here, he wanted to tie up all the property on the Strip to develop it properly. He didn't want it to be honky-tonk or like Coney Island. Hughes was a catalyst in the city cleaning up its act."

After losing his job with Howard Hughes in 1970, Maheu established a new company in Las Vegas called Robert A. Maheu and Associates. In 1993 Maheu published the book, "Next to Hughes," an autobiography written with Richard Hack.

In 13 years serving with Hughes, where he held the billionaire's power of attorney and spoke on Hughes' behalf for all public purposes, Maheu saw Hughes two times.

Maheu had battled cancer and heart problems. He would have turned 92 in October.

Find additional coverage of Robert Maheu in Wednesday’s edition of the Las Vegas Sun.

Robert A. Maheu Joins the Board of Directors of CMKM Diamonds Inc

Biography: Robert Maheu

Please also remember in your prayers, all the CMKM Diamonds shareholders who have passed away.

CMKX - Former SEC Commissioner Comments On NAKED SHORTING...

From FORBES.COM...

Protection For All
Roel Campos, 07.31.08, 5:25 PM ET

(Mr. Campos is the partner in charge of Cooley Godward Kronish's Washington, D.C. office and is a former SEC Commissioner.)

Naked short-selling is a major contributor to market turmoil.

After years of arguing to the contrary, the Securities and Exchange Commission has finally acknowledged that the practice of short-selling without pre-borrowing or locating shares can be harmful to large public companies. It is time that it acknowledges the harm it does to small ones as well.

The SEC's July 15 emergency order, now extended through Aug. 12, aims to halt the naked shorting of mortgage giants Fannie Mae (nyse: FNM - news - people ), Freddie Mac (nyse: FRE - news - people ) and 17 of the largest Wall Street and global financial institutions.

In the broadest sense, this is commendable. The move gives the perception that the SEC is the cop on the beat. It has instilled a renewed vigor that is providing world markets with much-needed confidence.

Still, by extending the emergency order of protection to only the largest and most powerful banks, the SEC is left in an awkward position.

Chairman Cox has hinted several times that the SEC may propose new rules very soon to extend protections against naked short-selling to all companies. This move cannot happen soon enough. Small ''Main Street'' companies have complained for years to the SEC that they too are often the victims of naked short-trading aimed at driving their share prices down.

In the current market environment, the failure of many small companies on America's Main Streets can just as easily threaten the U.S. economy as the fall of one or two large companies on Wall Street.

It is widely agreed that legal short-trading provides liquidity and price discovery to the market. The debate lies in how Regulation SHO, the three-year old set of rules regulating the shares of companies whose stock already have high levels of settlement failures, should work.

Legal short-trading will not be and should not be abolished. Public companies simply want a version of Regulation SHO that works. In the fast electronic environment, traders argue that they cannot pre-borrow shares in advance of unpredictable short trades for hedging.

After intense lobbying, the SEC granted an exception to the emergency rule and exempted registered exchange market makers from pre-borrowing shares.

Presumably, the SEC still favors eliminating a large and abused exception from the current Regulation SHO for option market makers. The regulation, as written, is unenforceable and requires a degree of mind reading to determine whether traders are shorting with intent to manipulate share prices.

Hundreds of public companies are on exchanges' so-called threshold lists for months at a time, indicating that a significant percent of shares from short trades have failed to be delivered, also known as FTDs. This situation creates ''phantom shares'' that leverage the downward pressure on share price.

As proposed, the SEC's new emergency order contains the two necessary elements for fixing Regulation SHO and eliminating naked shorting and settlement failures once and for all.

The first fix addresses the pre-borrowing of shares before shorting; the second, the need for ''hard'' delivery of shares traded short within the three-day settlement period. Both are essential to eliminating FTDs. Enforcement will be straight-forward. Either the shares are borrowed and delivered or there is a violation.

Existing exceptions to Regulation SHO have helped make the rule inoperable. In the future, when the SEC determines that a trader requires an exception, making it narrow with a hard delivery of shorted shares, will provide an adequate solution.

It is critical that the SEC go forward with extending the protections of the emergency order to all public companies.

It is imperative that Regulation SHO become an enforceable rule that eliminates both naked shorting and FTDs.

It is also imperative that it benefits all public companies, not simply a favored few.

(Mr. Campos is the partner in charge of Cooley Godward Kronish's Washington, D.C. office and is a former SEC Commissioner.)

----------
As a CMKM Diamonds shareholder, I would like to thank the SEC for finally waking up from their COMA...!!
----------

CMKX - A Matter Of Time...

After extensive psychological studies, in a strictly controlled environment, utilizing a double-blind, double-placebo, double-short, double-cover, triple-chocolate control system, it has been determined beyond a shadow of a doubt, that '2 MORE WEEKS' is the optimal period of time that humans will continue to wait for something to happen, over & over & over & over again, no matter how quirky & nebulous & imaginative the assurances may be ...!!

The 'Institute' would like to thank all CMKM Diamonds shareholders for their cooperation in this study.

All shareholders will be receiving packets of information about your compensation for participation in the study, as soon as the final analysis is completed & documented & verified.

The verification process will take 2 more weeks.

CMKX - CMKM Diamonds Recap...

CMKX Related Rumors & Theories...

SEC Civil Case - Blah, blah, blah... NOTHING...!!

Naked Shorting - Blah, blah, blah... NOTHING...!!

Reg SHO - Blah, blah, blah... NOTHING...!!

Federal Reserve - Blah, blah, blah... NOTHING...!!

Banking Crisis - Blah, blah, blah... NOTHING...!!

Shore/Star Decision - Blah, blah, blah... NOTHING...!!

Tyler Texas - Blah, blah, blah... NOTHING...!!

ALL Gurus - Blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah... NOTHING...!!

Other CMKX 'Tidbits' - Old Team, New Team, Lawyers, Trusts, Claims, CIM IPO, FFGO Connection, Canadian Mining & Oil, Global Meltdown, SEC/FBI/CIA Sting, CMKM Diamonds Trading Again... NOTHING...!!

ANY QUESTIONS...??

CMKX - SEC's Selective Short Protection ---- It Makes Me Want To Vomit...

*** I salute the OTC Journal for this outstanding article...!! ***

Thank you for taking the time to comment on this release.
Your comments for file number S7-19-07 were received on July 20, 2008.
Please save this page for your records.

Comments received from:
Tony Bo
Damaged Investor
New Jersey

Comments:

Excerpt From The OTC Journal...

OTCJournal.com

The SEC's Selective Short Protection - It Makes Me Want To Vomit

Small and microcap companies have been complaining for years about the abuses built into the system that favor "illegal naked short selling". For those of you unfamiliar with the practice, let's go over some basics about short selling.

When you sell a stock short, you do the sell transaction first, and the buy transaction second. You sell, and hope to buy back later at a lower price. Instead of "buy low and sell high", it's "sell high and buy low". When you buy the shares back, it is known as "covering your short".

In order to trade in this manner, us regular, every day investors have to get our brokerage to "locate" shares, borrow them, and then allow us to execute the short sale. Market makers are allowed by regulation to short stocks without borrowing them as part of their normal trading practices.

I think short selling is great, and anyone should be allowed to short a stock who has the capital.

Illegal naked short selling has been the subject of much complaining and consternation by many public companies and interested parties for many years. This occurs when a short sell is executed without a legitimate borrow first. Institutional investors are allowed to do this on a regular basis as a course of business. The fact that it is allowed is 100% the fault of the SEC's lax attitude towards this practice.

Prime brokers generate millions in fees on the trading side. The DTC system, the people who keep track of the street name stock at your brokerage firm, also collects millions in fees for "open fail to delivers"- shares of stocks that have been sold, but the trades never settled since the seller couldn't deliver.

The whole practice is the subject of a giant class action suit by the guys who got big tobacco and the asbestos industry. In essence, as many have pointed out in the past, illegal naked short selling allows sellers to actually create "counterfeit shares"- shares that don't exist, and sell them to create excess supply.

This past week, Christopher Cox, the Chairman of the SEC, was interviewed on CNBC, and after watching the interview I was literally ready to vomit.

Early in the week the SEC announced it was invoking a "Ban on Illegal Naked Short Selling". Wow I thought to myself. If there was one good thing that would come out of this Bear Market, having the SEC get rid of illegal naked short selling by closing up the loopholes in the DTC System would be my #1 choice.
( SEC Chairman Cox Bans Illegal Naked Shorting )

Alas, the level of stupidity, and the unbelievable hypocrisy of these guys just blew my mind. The SEC is going to monitor and stop illegal naked short selling, but only on 17 designated financial stocks that trade gazzilions of shares everyday, and have been beaten into oblivion by the bears.

Christopher Cox got up on CNBC, and in an interview actually stated that Illegal Naked Short Selling was, in fact, not illegal. Technically, it might simply be a violation of SEC regs- and it happens due to a series of loopholes in the system that allow it to happen.
( SEC Chairman Cox - Illegal Naked Shorting Not Illegal...?? )

He stated they were invoking the special power to ban the naked short selling in 17 bank stocks for 30 days, but that it would be far too difficult and inefficient to ban naked short selling across the board on every stock.

Dear Mr. Chairman- please answer this question for me? if you can ban illegal naked short selling on 17 of the most heavily traded financial stocks- stocks that trade literally hundreds of millions of shares everyday and are traded by hundreds of hedge funds and other institutions, why can't you ban illegal naked short selling on a $.50 stock that only trades 100,000 shares everyday. Wouldn't that be far easier to track?

About 15 minutes after the interview, CNBC trotted out Cramer. This guy can certainly have his moments, and this was one of them. I applaud his courage. He called out the shear stupidity of the SEC stance on this issue, and was actually waving a copy of the statute that requires the SEC to regulate the proper settlement of trades.
( Jim Cramer On Illegal Naked Shorting & Chairman Cox )

Ladies and gentlemen, unfortunately, this is your government regulators at their very worst. This whole thing is one big transparent gimmick to prevent Fanny and Freddie from completely melting down to nothing, and is selective enforcement at its worst.

Over the past couple of years the SEC has implemented some rule changes favoring small companies that I applaud. Rule 405, which limits the number of share small companies can include in a registration statement, was great for financing small companies. The change in Rule 144 and the relative ease of the registration process under the current SEC is a welcome change for smaller companies and enhances their ability to raise capital in a way that is not a detrimental to stock values.

However, this ban on illegal naked short selling for a few companies is a real slap in the face for investors on the long side. A personal thank you goes out the Jim Cramer for pointing out the shear hypocrisy.

It makes me want to vomit. If it's right for 17 financials, it's right for all stocks. Chairman Cox suggested the commission could look into some "rule changes", which of course they won't do.

SEC- do your job and make the playing field fair for all investors. If huge institutions can naked short stocks without legitimate borrows, let me do it too. Make it the rule. If not, enforce the existing rules.

All they need to do is enforce the existing rules. That's it.

Home Page : www.otcjournal.com
Email Questions or Comments To: editor@otcjournal.com

What Came First... The Chicken Or CMKX...??

Is it possible for a chicken to live without a head?

* Usually they do not live very long because the brain regulates the body functions. In my experience, though, that's all a chicken's brain does, so they can run around like crazy after you chop their head off due to reflex actions.

* The University of Georgia poultry sciences Dept. did lengthy studies on decapitation of broiler hens. Thousands of birds were observed and concluded that in most birds latent activity in the headless birds lasted no longer than 60 seconds. In the most extreme case observed, bleeding and muscular activity extended to 90 seconds. Stunning prior to decapitation proved most humane of all options.



* MIKE THE HEADLESS CHICKEN (a story):
In Fruita, Colorado, on September 10 1945, farmer Lloyd Olsen was sent out to kill a chicken for dinner. His mother-in-law loved to eat the neck, so Mr. Olsen tried to chop off as little of the neck as possible. With a swing of his axe, off came the head. The chicken, now known as 'Mike the Headless Chicken', started to run around as chickens do, but never stopped.

Mike the Headless Chicken became famous and began doing tours. Mr. Olsen charged 25 cents.
Mike was fed a mixture of water and milk with an eyedropper, and occasionally he was fed corn.

Mike finally died in 1947, after living for 18 months. He started choking in the middle of the night, and since the Olsen's had left the syringes they used to clear his esophagus at the sideshow, they could not save him.

We could not find the exact date of his death as Mr. Olsen said he sold the chicken after Mike's death.

(Please See Counter Above For How Long CMKX Has Lasted...!!)

CMKX TREK... All The News That's Fit To Blog...

Fair And Balanced Reporting...

SEC Chairman Cox on Naked Shorts
SEC Chairman Christopher Cox yesterday rocked the financial community with an emergency ruling regarding how stocks are sold short. He discusses this ruling with CNBC's Erin Burnett

Jim Cramer On Naked Shorts & Chairman Cox
Stop Trading, Listen to Cramer!
Mad Money's Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett

SEC Comments
Comments on Amendments to Regulation SHO
[Release No. 34-56213; File No. S7-19-07]

Outraged Investor
Subject: File No. S7-19-07
From: Outraged Investor
Affiliation: Damaged Outraged Shareholder
July 15, 2008

Commissioner Cox...

I would like to congratulate you for publicly acknowledging the existence and dangers of NAKED SHORT SELLING.
You have demonstrated that recognition by instituting special safeguards against NAKED SHORT SELLING for the GSE's and the primary dealers.

Why aren't these emergency safeguards being put into effect for the WHOLE MARKET...??
Is it because the GOVERNMENT is the one who would LOSE if these government and primary entities are SHORTED into oblivion...??

What about the countless companies and shareholders who have been RUINED by rampant NAKED SHORT SELLING...??
You are supposed to be protecting ALL COMPANIES and SHAREHOLDERS...

Do the right thing...
STOP NAKED SHORT SELLING for all INVESTORS and COMPANIES...

A Very Concerned Damaged Shareholder.

CMKX TREK... SEC Orders Limits On NAKED SHORT SELLING of Fannie, Freddie, Brokers...

This Just In... Cramer On NAKED SHORTING

SEC Emergency Order

SEC to Limit Short Sales of Fannie, Freddie, Brokers (Update6)

By Jesse Westbrook and David Scheer

July 15 (Bloomberg) -- The U.S. Securities and Exchange Commission will limit the ability of traders to bet on a drop in shares of brokerage firms, Freddie Mac and Fannie Mae as part of a crackdown on stock manipulation, the agency's chairman said.

Christopher Cox told the Senate Banking Committee the agency will require traders to hold shares of the two mortgage buyers and the brokerages before they execute a short sale. The order, to be in effect for as long as 30 days, will bar the practice called naked short selling, in which traders avoid the financial cost of borrowing shares when betting they'll fall.

``Since it's impossible to police false rumors, the next best option for protecting fragile financial institutions is to halt short-selling for a time being,'' said David Trone, analyst at Fox-Pitt Kelton Cochran Caronia Waller. ``The SEC's action is at least a partial measure.''

The SEC is investigating whether trading abuses contributed to the collapse of Bear Stearns Cos. in March and the 80 percent drop in the market value of larger rival Lehman Brothers Holdings Inc. this year. Fannie Mae and Freddie Mac have each lost about 80 percent of their value amid speculation the mortgage-market crisis may push the firms into insolvency.

Hedge-fund manager William Ackman, who oversees $6 billion at Pershing Square Capital Management, is among those betting shares of Fannie Mae and Freddie Mac will fall. There's no indication he is engaging in naked short selling, in which traders never borrow shares from their broker or deliver the stock to buyers.

SEC Reluctance

The SEC had been reluctant to curb short sales ``because it would require a major retooling of the plumbing of Wall Street,'' said James Angel, a professor at Georgetown University studying short sales. ``It's only when the big Wall Street firms are threatened that the SEC does something about it.''

Cox said the SEC also will draft rules ``to address these same issues across the entire market.''

Short-sellers, who borrow shares betting that they'll decline, are spreading rumors about Lehman in an organized attempt to depress the stock, according to Richard Bove, bank analyst at Ladenburg Thalmann & Co. in Lutz, Florida.

``As with Bear Stearns, Lehman has been targeted by the fear- trade,'' Fox-Pitt's Trone in a report yesterday. Lehman should go private to avoid attacks by short-sellers, he said.

Freddie Mac, down as much as 34 percent today before Cox's comments, fell 26 percent to $5.26 in New York Stock Exchange composite trading. Fannie Mae tumbled 27 percent. Lehman rose 82 cents, or 6.6 percent, to $13.22, ending a four-day slide.

More Costly

The order, published today, requires anyone making a short sale to first ``borrow or arrange to borrow'' the securities and then deliver them by the settlement date. It applies to shares in 19 firms including Citigroup Inc., JPMorgan Chase & Co. and UBS AG.

The order takes effect on July 21 and expires at the end of July 29. It may be extended for a total of 30 calendar days.

The SEC's proposal will raise the cost of short-selling a stock, said Gregory DePetris, co-founder of Quadriserv Inc., a New York brokerage that specializes in securities lending. ``There will be greater demand for shares,'' he said. ``It will make the process a little less easy.''

In traditional short selling, traders borrow stock through a broker and hope to profit by selling shares at a higher price and later buying them back at lower prices to repay the loan.

Naked short selling isn't necessarily illegal, unless authorities can prove fraud, such as a scheme to manipulate stock prices.

`More Efficient'

``Short-sellers in general help price discovery and make the market more efficient,'' said Warren Chiang, a fund manager at Mellon Capital Management, which oversees about $200 billion. ``But naked shorting isn't fair.''

U.S. Senator Charles Schumer questioned whether the SEC should restore the so-called uptick rule, which barred traders from short-selling stocks when prices are falling. The rule, scrapped in June 2007, was implemented after the Great Depression to prevent raids on companies.

While the regulator is considering ``some other kind of price test'' to regulate short selling, it has no plans to reinstitute the uptick rule, Cox said. ``It was just very clear that that rule no longer mattered,'' he said.

To contact the reporters on this story: Jesse Westbrook in Washington at jwestbrook1@bloomberg.net; David Scheer in New York at dscheer@bloomberg.net.

Last Updated: July 15, 2008 21:07 EDT

Why is there ANY DELAY on instituting this Emergency Order across the WHOLE MARKET...??
There are already a number of rules and proposals that should be ENFORCED to STOP NAKED SHORT SELLING...!!

My comment letter submitted to the SEC...

Thank you for taking the time to comment on this release.
Your comments for file number S7-19-07 were received on July 15, 2008.
Please save this page for your records.

Comments received from:
Outraged Investor
Damaged Outraged Shareholder
New Jersey

Comments:

Commissioner Cox...

I would like to congratulate you for publicly acknowledging the existence and dangers of NAKED SHORT SELLING.

You have demonstrated that recognition by instituting special safeguards against NAKED SHORT SELLING for the GSE's and the primary dealers.

Why aren't these emergency safeguards being put into effect for the WHOLE MARKET...??

Is it because the GOVERNMENT is the one who would LOSE if these government and primary entities are SHORTED into oblivion...??

What about the countless companies and shareholders who have been RUINED by rampant NAKED SHORT SELLING...??

You are supposed to be protecting ALL COMPANIES and SHAREHOLDERS...

Do the right thing...

STOP NAKED SHORT SELLING for all INVESTORS and COMPANIES...

A Very Concerned Damaged Shareholder.

SEC Delays Regulation SHO Amendment...

The Securities and Exchange Commission is re-opening the comment period on the “Amendments to Regulation SHO”.
Amendment to Regulation SHO

Purpose Of The Proposal...
"...to further reduce the number of persistent fails to deliver..."
"...to eliminate the options market maker exception to Regulation SHO’s close-out requirement..."

Commission staff obtained data on securities with extended fails to deliver from a National Securities Clearing Corporation (“NSCC”) participant...
A review of this data reveals that a high number of fails to deliver were not closed out as a result of the options market maker exception.
Let's Review...
Apparently, the SEC's own data shows that 'persistant, extended fails to deliver' would be reduced if they 'eliminate the options market maker exception'...!!

Submit Comments on File No. S7-19-07
Amendment to Regulation SHO

Comments on Amendments to Regulation SHO

My Comment Letter...
Subject: File No. S7-19-07
From: Tony Bo
Affiliation: Investor / Bagholder / Victim
July 8, 2008

To Whom It May Concern...

Excerpt from the UNITED STATES CONSTITUTION...

"To provide for the Punishment of counterfeiting the Securities and current Coin of the United States"

If the shares can NOT be delivered, COUNTERFEIT SHARES have effectively been created...

Settlement in 3 DAYS or REVERSE THE TRADE...

Why is that so hard to figure out...??

A Concerned Victim Of NAKED SHORT SELLING.

Justin Case
Subject: File No. S7-19-07
From: Justin C.
Affiliation: Victim Of Naked Shorting
July 9, 2008

RULE #1
You can't sell something you don't own.

I believe that's a pretty standard rule for the REST of the business world.
Maybe you should try that rule to stop Naked Short Selling...

Why is this SO HARD to figure out...??

If the shares can't be delivered in 3 days, the trade gets reversed.

If a company has 800 Billion Authorized shares, you can't allow brokers to sell TRILLIONS of shares.
(See CMKM Diamonds - CMKX)

ThankYaThankYaVeryMuch,
Justin C.

Damaged Shareholder
Subject: File No. S7-19-07
From: Damaged Shareholder
July 10, 2008

To Commissioner Nero...

SEC Delays Regulation SHO Amendment...
The Securities and Exchange Commission is re-opening the comment period on the Amendments to Regulation SHO.

Purpose Of The Proposal...
"...to further reduce the number of persistent fails to deliver..."
"...to eliminate the options market maker exception to Regulation SHOs close-out requirement..."

Commission staff obtained data on securities with extended fails to deliver from a National Securities Clearing Corporation (NSCC) participant...
A review of this data reveals that a high number of fails to deliver were not closed out as a result of the options market maker exception.

Let's Review...
Apparently, the SEC's own data shows that 'persistant, extended fails to deliver' would be reduced if they 'eliminate the options market maker exception'...

So why would you possibly delay implementing the elimination of the market maker exception, when your data proves it would do exactly what the proposal is trying to do, which is reduce the fails to deliver...??

Put down the fiddle, and put out this fire...

A Concerned, Damaged, Victimized Shareholder.

CMKX - CMKM Diamonds PR...

From Business Wire...
CMKM Diamonds, Inc. Awarded a $33,675,365 Judgment; Begins Search for a New Chairman

July 08, 2008 04:00 PM Eastern Daylight Time
TYLER, Texas--(BUSINESS WIRE)--On July 1, 2008 CMKM Diamonds, Inc. was awarded a $33,675,365 judgment in a Nevada District Court against one of the former insiders of the Company, John Edwards. Mr. Edwards was labeled as one of the two “masterminds” of the scheme to defraud investors of over $64 million in a lawsuit filed on April 7, 2008 by the Securities and Exchange Commission.

The Company also announced today that it has begun the process of searching for a new Chairman. Current CEO and Chairman, Kevin West, stated, “I am very pleased with the progress being made through the Company’s litigation. It is time to begin the search for someone with the business experience that is needed to move the Company forward.”

Mr. West is currently appointing a seven member, shareholder based, “Advisory Committee” to help with this process. “Among many other qualities, the person we are looking for will be someone who can see the value of having a shareholder base of over 40,000 people from all over the world,” stated Mr. West. A new link has been added to the Company’s website at www.cmkmdiamondsinc.com for the submission of resumes to be considered for this position. Shareholders are encouraged to direct qualified prospects to this link.

Contacts
CMKM Diamonds Inc., Tyler
Kevin West, 903-262-8397

CMKX / CMKM Diamonds - PalTalk International Mutant Grapevine Room...

How do you keep a CMKX shareholder in suspense...??
I'll tell you TOMORROW...!!

(2:39 AM) spiderman1959: I have a very important message for all shareholders. I will be in here tomorrow night at 9 PM Eastern to give you this message. Be here!

(2:39 AM) spiderman1959: PS NO Questions at this time please! Message is of a positive nature. That's all for now.

(2:43 AM) spiderman1959: Yes I trust it will be piped in ALL CMKM rooms

(2:45 AM) spiderman1959: I want ALL 40-60 thousand shareholders to hear this message. It is a good message.

(2:54 AM) spiderman1959: I'm sorry I want everyone that can hear it to hear it the same time and I presume it will be MP3'd for all.

PalTalk... Tuesday Night... 9PM Eastern...

OT - Presidential Race Heats Up...

CMKX Independence Day...

Will It EVER Come...??

HAPPY 4th OF JULY * HAPPY 4th OF JULY * HAPPY 4th OF JULY







P.S. - This Just In... Jun 27, 2008 at 9:15pm... I Do Apologize For The "No Show", However My Hands Are Tied At This Time. I Am Sorry. ~Acca

P.P.S. - June 28, 2008 at 10:45am: We still on B4 the 4th ?? « Reply #3541 June 28, 2008 at 10:50am » Although I Am Somewhat Hesitant And Reluctant To Answer Yes, I Still Think We Are On Course For A "Fund Release" Before The Fourth.'

Recent procmkm Posts On Millionaires Board...

CMKX... Fairy Tales Can Come True...

It Can Happen To You...

6/24/2008 at 6:42pm » The Longer The Wait, The Larger The Payment! FACT! EOM. ~
P.S. All Parties Have Settled! I Am "Officially" Done.

6/24/2008 at 6:52pm » I Will Comment Further Tomorrow, In A Different "Capacity". ~

6/24/2008 at 7:03pm » I Will Address Issues Tomorrow, Everything Is Fine!


Maybe This Time...

24 Jun 2008, 07:10 PM EDT
The Saga Is Over, And Not A Hollywood Horror Yet A Hollywood Happiest Of All Endings, One You Couldn't Possibly Grasp Nor Fathom!!!!!!!! ~

24 Jun 2008, 07:13 PM EDT
It's Ended, It's Just Not Official Yet! I'm Out! ~


Maybe Not...

04 Apr 2005, 07:55 PM EDT
Just A Delay People, Deals Of This Magnitude Often Have Delays! Either You Believe, Or You Don't, It's That Simple!! It Will Come, Just Have The Faith, If You Don't Believe Then Move On Very Simple!

Spaceballs/CMKXballs... Take Your Pick...

Soon... How Soon... WHEN...???

"We're at now now."

[Watching... "CMKXballs:The Movie". They reach "now" in the movie.]
Dark Helmet: What the hell am I looking at? When does this happen in the movie?
Colonel Sandurz: You're looking at now, sir. Everything that happens now is happening now.
Dark Helmet: What happened to then?
Colonel Sandurz: We passed then.
Dark Helmet: When?
Colonel Sandurz: Just now. We're at now now.
Dark Helmet: Go back to then.
Colonel Sandurz: When?
Dark Helmet: Now!
Colonel Sandurz: Now?
Dark Helmet: Now!
Colonel Sandurz: I can't.
Dark Helmet: Why?
Colonel Sandurz: We missed it.
Dark Helmet: When?
Colonel Sandurz: Just now.
Dark Helmet: When will then be now?
Colonel Sandurz: Soon.
Dark Helmet: How SOON...??
Dark Helmet: WHEN...??

CMKX Calendar Update...

Coming Soon... Christmas In July...


She told me we couldn't afford beer anymore and I'd have to quit.
Then I caught her spending $65 on makeup.
And I asked why I had to give up stuff and she didn't.
She said she needed the makeup to look pretty for me.
I told her that's why I needed the beer.
I don't think she's coming back.

CMKX TREK : THE SEARCH FOR ACCA...

Google Search For 'acca'...

Happy Father's Day In CMKX Land...

A Long Time Ago, On A Father's Day Far, Far Away...

CMKX Top Ten PR Events...

After More Than A Year, The Recent CMKX PR Is A Fond Reminder Of Past PR's...

CMKX Top Ten PR Events...

10. CMKX Drilling 24/7 With Truck Mounted Drill.

9. CMKX Acquires Jade Collection.

8. CMKX Announces Merger With Juina Mining.

7. CMKX Announces Office In Antwerp, Belgium.

6. CMKM Diamonds Inc. Announces 'Carolyn Pipe' at 900+ Feet and Still in Kimberlite.

5. CIM Goes Public In Merger With Mirador.

4. CMKM Diamonds, Inc. Announces It Has Retained D. Roger Glenn, Partner at Edwards & Angell, LLP as Securities Counsel.

3a. CMKM Diamonds, Inc. Announces New Transfer Agent.
3b. CMKM Diamonds, Inc. Announces Old Transfer Agent.

2. CMKM Diamonds Launches National Television Exposure and Awareness Campaign.

And The Number One CMKX PR Event...

1. Solar Flare Activity Delays Drilling Schedule...!!

Temporary Drilling Delay at Fort a la Corne for Casavant Mining
Kimberlite International
Business Editors
LAS VEGAS--(BUSINESS WIRE)--Oct. 30, 2003
Casavant Mining Kimberlite International (Pink Sheets: CMKM) regrets
to inform its shareholders that the company's exploration efforts in
Fort a la Corne have been temporarily set back in their schedule for
electro magnetic surveying and the drilling which was to commence
late last week. The delay is from unexpected magnetic storms caused
by "sunspots" or explosions on the sun, as reported by numerous
sources recently on the news and Internet. Scientists observed the
biggest explosion in 30 years on Tuesday, which produced a particle
cloud 13 times larger than Earth and hurtled through the solar system
at more than 1 million miles per hour. The geomagnetic storm is
expected to disrupt communication satellites, television transmissions,
GPS navigation and possibly the flow of electricity in some areas.

CMKX - CMKM Diamonds PR...!!

http://www.marketwatch.com/News/Story/Story.aspx?guid={6EF0E13C-414B-4EEF-A720-BA74A9A50D77}&siteid=nbkh

CMKM Diamonds, Inc. Continues to Try and Identify Shareholders

Last update: 5:42 p.m. EDT June 9, 2008
TYLER, Texas, Jun 09, 2008 (BUSINESS WIRE) -- In our efforts to continue to try to identify all of the shareholders of CMKM Diamonds, Inc. stock, current management of the Company would like to point investors that have been unable to procure physical stock certificates from their brokers to the UnShareholder.com website.
www.UnShareholder.com is launching today to help identify the magnitude of individual investors unable to obtain stock ownership certificates and who perhaps inadvertently purchased illegal "naked short" or "phantom" electronic "entitlements" instead of actual shares. The scope of settlement failures in general has become a hot debate.
Commonly referred to as the "naked short selling" problem, the real damage is caused by stock lending and settlement failures(a). Of course, the end result is the same: an investor makes a payment but has no actual investment. That investor is not a "shareholder" because they don't own shares. Instead, they are an UnShareholder.
According to the website: If you requested a stock certificate from your broker and have not received it, you are an UnShareholder. If your brokerage account was changed to delete the shares of a company that you didn't agree is "worthless", you are an UnShareholder. If you received a 1099 with "non-qualifying dividends" when you believed you owned regular shares, you are probably an UnShareholder too.
Attorney Al Hodges states, "The UnShareholder site has been developed and established by the Pasadena, California law firm of Hodges and Associates in an attempt to document the nature and depth of the UnShareholder problem as well as to identify individual investors whom have in good faith purchased publicly traded shares of stock but, for all the wrong and illegal reasons, are not entitled to receive them nor to enjoy all the indicia of ownership."
(a) Stock lending is closely associated with short selling and settlement failure refers to the problem of sellers not delivering shares on the settlement date. Naked short selling is when stock is sold short and not borrowed for delivery on the settlement date.
SOURCE: CMKM Diamonds Inc.
CMKM Diamonds Inc., Tyler
Kevin West 903-262-8397

Copyright Business Wire 2008

CMKX Guru Alert... CMKX Guru Alert...

This diagram published in The Detroit News in 1952 showed how an air raid warning system set up by Michigan Bell Telephone would work.


This system will now be a part of the CMKX Guru Alert System.

Had this been an actual warning, you would have been instructed to take the following precautions...


In the event a guru ever reveals real information, details, or facts that can be verified, that would surely signal the End Of The World as we know it...!!

This has been a test of the CMKX Guru Alert System.

CMKX Waiting Room...

Come In... Sit Down... Relax...
It Won't Be Long Now...
Have A Drink...!!

CMKX Deliveries...

DHL...?? FedEx...?? UPS...?? NO WAY...

*** Pony Express ***

CMKX Calendars...

5 Years, 5 Months, and 4 Days
2014 Days - 48336 Hours - 2900160 Minutes - 174009600 Seconds

Normal Calendar - June 1st

Closure In April Calendar - April 62nd

Must Be In May Calendar - May 32nd

Can't Go To June Calendar - It's NOT June

CMKX Calendar - GROUNDHOG DAY



(Is It Really A 'Calendar' If It Only Has ONE DAY...??)

CMKX... The Quest Continues...

We May Be Involved In The Pursuit Of An Untamed Aquatic Ornithoid...

* FINALLY * The World Will Know About NAKED SHORTING...!!

TASER - Lawsuit Filed Against Major Financial Institutions Alleging a Conspiracy to Engage in Illegal Naked Short Selling of TASER International Inc. and to Create, Loan and Sell Counterfeit Shares of TASER Stock
MarketWatch
http://www.marketwatch.com/news/story/lawsuit-filed-against-major-financial/story.aspx?guid={57B221F6-C1D5-4845-9E44-93806619A8C0}&dist=msr_38

Taser Investors Accuse Firms of Naked Short Selling (Update2)
Bloomberg
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a9nrYIQRV07s

"TASER International Inc. ("TASER") against eight of the largest Wall Street firms, including Bank of America Securities LLC, Bear Stearns Securities Corp., Credit Suisse USA Inc., Deutsche Bank Securities, Inc., Goldman Sachs Group, Inc., Merrill Lynch, Pierce, Fenner & Smith, Inc., Morgan Stanley & Co. Inc., UBS Securities LLC."

"The Complaint accuses the defendant firms of engaging in a conspiracy to manipulate the market for TASER stock through naked short selling resulting in the creation, loan and sale of counterfeit TASER shares."

(Naked short selling involves the practice of selling stock short without borrowing or otherwise obtaining shares of that stock. When a defendant firm short sells shares of TASER stock it does not possess or intend to obtain, that sale can result in the creation of counterfeit shares because the short seller is in effect introducing additional shares into the market rather than engaging in a transaction using existing shares)

"According to the seventy-page Complaint, the defendants' illegal naked short selling of TASER stock flooded the market with counterfeit TASER shares. For example, although in 2005 TASER had authorized and issued only approximately 60 million shares of common stock, more than 80 million votes were cast at the company's annual meeting."

"The Complaint accuses the defendant firms of violating Georgia's Racketeer Influenced and Corrupt Organization (RICO) Act. "These are not isolated incidents: we believe the trading data evidences an ongoing and coordinated effort to violate securities and other laws," stated Attorney Wes Christian."

"According to the Complaint, by creating, loaning and selling counterfeit shares, the defendant firms have diluted TASER stock and artificially depressed its value, harming TASER shareholders."

50 FIRST DATES...

I've been told that this is my favorite movie.
Apparently, I have the same affliction, anterograde amnesia. This rare brain disorder causes the inability to convert short-term memories into long-term memories.
Basically, this means my memory is wiped clean every night.
But please don't feel sorry for me... I make new friends every day...!!
Also, I just bought shares of CMKX, a diamond mining company, and I'm going to be rich Next Week...!!
I'm SO Excited...!!

The CMKX Puzzle...

One More EVENT... One More Part...


CMKX Shareholders FINALLY Getting PAID...??
http://www.free-press-release.com/news/200805/1211438596.html

Independence In July...??

Can't Go To June...

Must Be In May...

Closure In April...

March On In March...

Leaping Thru February...

Jumping In January...

Dancing In December...

Etc, Etc, Etc...

Will The 'Sources' EVER Be Correct...??

And The Beat Goes On...

NOVEMBER 25TH, 2002
CyberMark(CMKI) Becomes A Casavant Mining Company.

DECEMBER/2002

JANUARY/2003 FEBRUARY/2003 MARCH/2003 APRIL/2003
MAY/2003 JUNE/2003 JULY/2003 AUGUST/2003
SEPTEMBER/2003 OCTOBER/2003 NOVEMBER/2003 DECEMBER/2003

JANUARY/2004 FEBRUARY/2004 MARCH/2004 APRIL/2004
MAY/2004 JUNE/2004 JULY/2004 AUGUST/2004
SEPTEMBER/2004 OCTOBER/2004 NOVEMBER/2004 DECEMBER/2004

JANUARY/2005 FEBRUARY/2005 MARCH/2005 APRIL/2005
MAY/2005 JUNE/2005 JULY/2005 AUGUST/2005
SEPTEMBER/2005 OCTOBER/2005

NOVEMBER/2005
CMKX Is Revoked.

DECEMBER/2005

JANUARY/2006 FEBRUARY/2006 MARCH/2006 APRIL/2006
MAY/2006 JUNE/2006 JULY/2006 AUGUST/2006
SEPTEMBER/2006 OCTOBER/2006 NOVEMBER/2006 DECEMBER/2006

JANUARY/2007 FEBRUARY/2007 MARCH/2007 APRIL/2007
MAY/2007 JUNE/2007 JULY/2007 AUGUST/2007
SEPTEMBER/2007 OCTOBER/2007 NOVEMBER/2007 DECEMBER/2007

JANUARY/2008 FEBRUARY/2008 MARCH/2008 APRIL/2008
MAY/2008

A Moment Frozen In Time...

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