Post by kenshin7 on Apr 22, 2010 23:01:22 GMT -5
April 22, 2010
CMKM Diamonds, Inc. Update
CMKM management would like to take this opportunity to update shareholders on the following items:
Transfer Agent… There are now over 6,300 online security holder accounts set up with our new transfer agent. Transfer Online has done an outstanding job to get this far along being that they have had to take the extra time to answer hundreds of phone calls and well over one thousand emails since they were announced on April 8th. You are not required to set up an account at this time with the Transfer agent.
The company has been asked if there are any preferred shares authorized, issued or outstanding. Please be advised that CMKM Diamonds, Inc. has only common stock. There are over 48,000 known shareholders holding well over 60,000 certificates.
Texas lawsuit… On Tuesday, April 20, 2010, CMKM appeared in the 7th Judicial District Court in Tyler, Texas and was awarded a judgment of $28,355,411 against the plaintiffs in exhibit “J” of the filed judgment. (Link) On March 25, 2010 CMKM was awarded a judgment (Link) to cancel all outstanding issued shares in the names of the defendants.
The Company’s general counsel has issued this comment following the Court's actions Tuesday.
"CMKM management has an obligation to pursue any party responsible for damage to the Company. Our investigation to date has involved the acquisition of hundreds of thousands of pages of financial records obtained through subpoenas as well as sworn depositions of numerous insiders, promoters and legal representatives. Cooperation with law enforcement and regulators is ongoing. Through this expensive and time consuming work, the Company has acquired evidence which is difficult to dispute by those that illegally profited from their actions. The paper trail left by those that profited from their illegal stock acquisitions is quite clear and additional legal actions are planned against other individuals. There has been very little cooperation from prior management and those insiders and promoters that profited from the stock dilution of the Company. We strongly encourage those that have information helpful to the Company to come forward and assist the company in its rebuilding. The Company fully intends to pursue collection of this judgment and all prior judgments obtained by the Company."
The Company hired James E Lowden who is coming to CMKM Diamonds with over 25 years of executive experience in Business development, Real Estate development and Crisis Management. Known for crafting strategic visions to achieve business goals, Mr. Lowden offers a unique blend of executive acumen, team building and solution development crediting strong return of investments and operational systems. Mr. Lowden’s background in commercial development will assist CMKM in our Real Estate transactions. Mr. Lowden has accepted the role of Chief Operating Officer and Interim Secretary / Treasurer for a period of two years.
www.cmkmdiamondsinc.com/corp_index.html
CMKM Diamonds, Inc. Update
CMKM management would like to take this opportunity to update shareholders on the following items:
Transfer Agent… There are now over 6,300 online security holder accounts set up with our new transfer agent. Transfer Online has done an outstanding job to get this far along being that they have had to take the extra time to answer hundreds of phone calls and well over one thousand emails since they were announced on April 8th. You are not required to set up an account at this time with the Transfer agent.
The company has been asked if there are any preferred shares authorized, issued or outstanding. Please be advised that CMKM Diamonds, Inc. has only common stock. There are over 48,000 known shareholders holding well over 60,000 certificates.
Texas lawsuit… On Tuesday, April 20, 2010, CMKM appeared in the 7th Judicial District Court in Tyler, Texas and was awarded a judgment of $28,355,411 against the plaintiffs in exhibit “J” of the filed judgment. (Link) On March 25, 2010 CMKM was awarded a judgment (Link) to cancel all outstanding issued shares in the names of the defendants.
The Company’s general counsel has issued this comment following the Court's actions Tuesday.
"CMKM management has an obligation to pursue any party responsible for damage to the Company. Our investigation to date has involved the acquisition of hundreds of thousands of pages of financial records obtained through subpoenas as well as sworn depositions of numerous insiders, promoters and legal representatives. Cooperation with law enforcement and regulators is ongoing. Through this expensive and time consuming work, the Company has acquired evidence which is difficult to dispute by those that illegally profited from their actions. The paper trail left by those that profited from their illegal stock acquisitions is quite clear and additional legal actions are planned against other individuals. There has been very little cooperation from prior management and those insiders and promoters that profited from the stock dilution of the Company. We strongly encourage those that have information helpful to the Company to come forward and assist the company in its rebuilding. The Company fully intends to pursue collection of this judgment and all prior judgments obtained by the Company."
The Company hired James E Lowden who is coming to CMKM Diamonds with over 25 years of executive experience in Business development, Real Estate development and Crisis Management. Known for crafting strategic visions to achieve business goals, Mr. Lowden offers a unique blend of executive acumen, team building and solution development crediting strong return of investments and operational systems. Mr. Lowden’s background in commercial development will assist CMKM in our Real Estate transactions. Mr. Lowden has accepted the role of Chief Operating Officer and Interim Secretary / Treasurer for a period of two years.
www.cmkmdiamondsinc.com/corp_index.html
