*****CMKX - CMKM Diamonds Inc***** Keeps On Ticking...

__ * $7 Secrets *__

Friday, August 29, 2008

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...??

Thursday, August 28, 2008

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

Saturday, August 23, 2008

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

Friday, August 22, 2008

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

Wednesday, August 20, 2008

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.

Tuesday, August 19, 2008

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.

Sunday, August 17, 2008

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'...!! )

Friday, August 15, 2008

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

Wednesday, August 13, 2008

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!


Monday, August 11, 2008

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?

Saturday, August 9, 2008

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.

Tuesday, August 5, 2008

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.

Friday, August 1, 2008

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.)

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