Post by kenshin7 on Jun 18, 2009 9:57:53 GMT -5
June 17, 2009
CMKM Diamonds, Inc. Holds Annual Board of Directors Meeting
CMKM Diamonds, Inc. recently held its Annual Board of Directors meeting, at which all Company directors and officers were present.
The past 12 months have been extremely eventful, as the Company has provided updates to its diverse shareholder base a total of 30 times through press releases, Corporate and Shareholder updates, Q&A updates, and CEO radio shows. To date, nearly 100 documents have been posted on the Company website. The highlights of the past year include:
July, 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, just over a year after current Chairman and then CEO Kevin West hired attorney Bill Frizzell as Corporate Counsel to file lawsuits on behalf of the Company against numerous company insiders and others who conspired to defraud the Company and its Shareholders. The Company has been ably supported by local counsel in the various jurisdictions of our many legal actions.
July, 2008 – CMKM Diamonds appointed an Advisory Committee to assist the Company in its efforts and decision making process and to begin the search for Board of Directors members and a new Company CEO.
August, 2008 – Based on recommendations from the Company Advisory Committee, Board Chairman and CEO Kevin West appointed a Board of Directors consisting of shareholders Stan Polsom, Tom Stephenson, and Roger Summers.
September, 2008 – Based on recommendations from the Advisory Committee and the Board of Directors, CMKM Diamonds, Inc. appointed nationally recognized stock market reform advocate, author, and businessman Mark Faulk as its new CEO, with Kevin West remaining as Chairman of the Board.
October, 2008 – Mark Faulk conducted his first CEO Chat, a radio show designed to help answer shareholders’ questions and update shareholders on current events. All radio shows are available on the Company website.
January 20, 2009 – The CMKM Diamonds Plea for Justice: CMKM Diamonds, Inc. CEO Mark Faulk sent a letter (with the help of the BOD and Advisory Committee), along with accompanying supportive documents, to incoming President Barack Obama and over 50 regulatory officials and U.S. congressmen. The letter began: “CMKM Diamonds and its shareholders respectfully ask that our government act responsibly in seeking justice in one of the largest singular frauds ever perpetrated in our financial markets.” The letter was subsequently distributed to countless public officials and media outlets by our diligent shareholders.
February, 2009 – CMKM Diamonds followed up their Plea for Justice letter with an online petition that read: “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.” The petition, containing almost 2,000 signatures, was forwarded to public officials and the Criminal Task Force investigating prior fraud in CMKM Diamonds.
February 2, 2008 – An email was sent to 20 people within the DOJ, FBI, IRS, SEC, and FINRA, containing the CMKM Plea for Justice Letter, along with an introductory email detailing the hundreds of thousands of pages of bank account records, transfer agent records, trading records, and other evidence that the Company and its legal counsel had accumulated, and renewing offers to assist the various agencies in their investigations. Less than two hours later, the Company received a phone call from an FBI agent who is a member of the Task Force. Since that phone call, the Company has worked closely with federal agents to provide evidence in order to ensure that criminal charges will be filed in one of the largest financial frauds in history.
February, 2009 – 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).
April, 2009 - CMKM negotiated a settlement agreement in their lawsuit against Eton Properties, Inc. in which the Company accepted a parcel of real estate in Clayton, Georgia. This settlement represented the first real value returned to CMKM Diamonds, Inc. since former CEO Urban Casavant fled to Canada leaving only $558 in corporate bank accounts.
April, 2009 – CMKM announced that paperwork signed in October of 2008 had laid the groundwork for negotiations with Entourage Mining Ltd. to settle ongoing lawsuits. Parallel to negotiations with Entourage Mining Ltd., CMKM Diamonds, Inc. also announced that the Company is also working on other related agreements to benefit the Company and its shareholders. Once these negotiations have been finalized, details of all agreements will be released.
May, 2009 – CMKM announced that the Company had received deed to a second parcel of property as part of the settlement with Eton Properties Corp. This property is 62.176 acres located in Franklin, Virginia. Legal issues announced regarding the transfer fees due at the time of recording the deed have since been resolved, and the property deed has been properly recorded in the name of CMKM Diamonds, Inc.
In current events, the Company has appointed a Due Diligence Committee in order to assist us in our ongoing research and investigation into the massive fraud that was perpetrated on CMKM Diamonds, Inc. While the members of the Due Diligence Committee (as well as numerous other dedicated shareholders) have already individually contributed invaluable research and information to the Company, we believe that by coordinating those efforts we can move the Company forward in a more effective manner.
The Company will continue to update its shareholders on a regular basis as we move forward or settle existing lawsuits, file additional lawsuits, and proceed in our efforts to recover stolen assets. We will continue working with the Federal Criminal Task Force to ensure that those who defrauded CMKM Diamonds, Inc. and its shareholders are brought to justice. While it has been an eventful time period for CMKM Diamonds, Inc., the upcoming months should be even more fruitful. Finally, as always, we would like to thank our Board of Directors and our various committee members for their hard work, and our loyal shareholder base for their patience and support as we work towards making CMKM Diamonds a viable company.
CMKM Diamonds, Inc. Holds Annual Board of Directors Meeting
CMKM Diamonds, Inc. recently held its Annual Board of Directors meeting, at which all Company directors and officers were present.
The past 12 months have been extremely eventful, as the Company has provided updates to its diverse shareholder base a total of 30 times through press releases, Corporate and Shareholder updates, Q&A updates, and CEO radio shows. To date, nearly 100 documents have been posted on the Company website. The highlights of the past year include:
July, 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, just over a year after current Chairman and then CEO Kevin West hired attorney Bill Frizzell as Corporate Counsel to file lawsuits on behalf of the Company against numerous company insiders and others who conspired to defraud the Company and its Shareholders. The Company has been ably supported by local counsel in the various jurisdictions of our many legal actions.
July, 2008 – CMKM Diamonds appointed an Advisory Committee to assist the Company in its efforts and decision making process and to begin the search for Board of Directors members and a new Company CEO.
August, 2008 – Based on recommendations from the Company Advisory Committee, Board Chairman and CEO Kevin West appointed a Board of Directors consisting of shareholders Stan Polsom, Tom Stephenson, and Roger Summers.
September, 2008 – Based on recommendations from the Advisory Committee and the Board of Directors, CMKM Diamonds, Inc. appointed nationally recognized stock market reform advocate, author, and businessman Mark Faulk as its new CEO, with Kevin West remaining as Chairman of the Board.
October, 2008 – Mark Faulk conducted his first CEO Chat, a radio show designed to help answer shareholders’ questions and update shareholders on current events. All radio shows are available on the Company website.
January 20, 2009 – The CMKM Diamonds Plea for Justice: CMKM Diamonds, Inc. CEO Mark Faulk sent a letter (with the help of the BOD and Advisory Committee), along with accompanying supportive documents, to incoming President Barack Obama and over 50 regulatory officials and U.S. congressmen. The letter began: “CMKM Diamonds and its shareholders respectfully ask that our government act responsibly in seeking justice in one of the largest singular frauds ever perpetrated in our financial markets.” The letter was subsequently distributed to countless public officials and media outlets by our diligent shareholders.
February, 2009 – CMKM Diamonds followed up their Plea for Justice letter with an online petition that read: “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.” The petition, containing almost 2,000 signatures, was forwarded to public officials and the Criminal Task Force investigating prior fraud in CMKM Diamonds.
February 2, 2008 – An email was sent to 20 people within the DOJ, FBI, IRS, SEC, and FINRA, containing the CMKM Plea for Justice Letter, along with an introductory email detailing the hundreds of thousands of pages of bank account records, transfer agent records, trading records, and other evidence that the Company and its legal counsel had accumulated, and renewing offers to assist the various agencies in their investigations. Less than two hours later, the Company received a phone call from an FBI agent who is a member of the Task Force. Since that phone call, the Company has worked closely with federal agents to provide evidence in order to ensure that criminal charges will be filed in one of the largest financial frauds in history.
February, 2009 – 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).
April, 2009 - CMKM negotiated a settlement agreement in their lawsuit against Eton Properties, Inc. in which the Company accepted a parcel of real estate in Clayton, Georgia. This settlement represented the first real value returned to CMKM Diamonds, Inc. since former CEO Urban Casavant fled to Canada leaving only $558 in corporate bank accounts.
April, 2009 – CMKM announced that paperwork signed in October of 2008 had laid the groundwork for negotiations with Entourage Mining Ltd. to settle ongoing lawsuits. Parallel to negotiations with Entourage Mining Ltd., CMKM Diamonds, Inc. also announced that the Company is also working on other related agreements to benefit the Company and its shareholders. Once these negotiations have been finalized, details of all agreements will be released.
May, 2009 – CMKM announced that the Company had received deed to a second parcel of property as part of the settlement with Eton Properties Corp. This property is 62.176 acres located in Franklin, Virginia. Legal issues announced regarding the transfer fees due at the time of recording the deed have since been resolved, and the property deed has been properly recorded in the name of CMKM Diamonds, Inc.
In current events, the Company has appointed a Due Diligence Committee in order to assist us in our ongoing research and investigation into the massive fraud that was perpetrated on CMKM Diamonds, Inc. While the members of the Due Diligence Committee (as well as numerous other dedicated shareholders) have already individually contributed invaluable research and information to the Company, we believe that by coordinating those efforts we can move the Company forward in a more effective manner.
The Company will continue to update its shareholders on a regular basis as we move forward or settle existing lawsuits, file additional lawsuits, and proceed in our efforts to recover stolen assets. We will continue working with the Federal Criminal Task Force to ensure that those who defrauded CMKM Diamonds, Inc. and its shareholders are brought to justice. While it has been an eventful time period for CMKM Diamonds, Inc., the upcoming months should be even more fruitful. Finally, as always, we would like to thank our Board of Directors and our various committee members for their hard work, and our loyal shareholder base for their patience and support as we work towards making CMKM Diamonds a viable company.