Re: What would you want CMKX to do ?

[iq]

Guys lets have some votes to figure out a direction CMKX should be heading in by a mojority vote!

[iq]

Here are the facts:
Tomorrow is the magic date! Nice !

a). Now we wait "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.


b). 622 billion shares were purportedly unrestricted stock 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

Hence to summarize:
Thats about $33Million of money which may be returned tomorrow.
703-622billion = 81billion of registered shares
over 50,000 shareholders

Some simple math and we have.
$33,000,000/81Billion shares = 0.0004/share which is rather a realistic value

This would in turn return our basic investment.
Then if they add a little more to compensate our stress.

Feel free to demonstrate your point of view with calculations.

[ewe2667613]

Your math is right for what you have but those 622 billion will still have to be in the total, beacuse they were bought legally by shareholders. Now if there was a way to make those shares just not legal, sold through the mm and brokers, and we were trading where they would have to buy them back then we would be talking some serious monies.


On the poll --- there needs to be a third choice

Let's see what the core assessments are and then we could make a better choice if we want the company to keep drilling or just pay off the debts and pay out the remaining monies.

[kenshin7]

i think they are going to cancel out the shares from edwards and urban and cronies
then do a r/s into the new company and the bonafidse shareholders from the task force will
be moved over to the new company , and we get the core samples anayized and decide what to continue drilling on .

the claims we have back are close to shore gold and koch said they are the best .

[iq]

Yes you are correct as I recall we were only 10km away from Shoregold and based on the massive underground kimberlites that is not far.