Post by dunlay on Mar 2, 2011 13:26:00 GMT -5
Y'all ain't gonna believe this one... From the company website:
February 26, 2011
To The Shareholders CMKM:
It is with regret that we received the resignation of Mr. Kevin West. Mr. West was a tireless worker for and on behalf of the shareholders of CMKM Diamonds Inc. When Mr. West was asked to take the position of CEO and President, the company was at best in terrible shape. No money, no records, no set list of assets, in fact there was nothing but 50,000 disgruntled shareholders all expecting that he could perform a miracle for them. Well, he did. He kept the company doors open and proceeded to expose and rectify some of the unscrupulous activities of the past.
Mr. West used his best efforts to make certain things happened. It was Kevin's desire that the corporation would one day be on a solid foundation of accountability. Most importantly that accurate records exist so that every shareholder could be accounted for and the information the transfer agent needed was correct and noted. Much of this has been accomplished and the company's financial records are now becoming an asset and not a liability.
Mr. West believes it is time to hand the reins to someone else. He has accomplished a lot of what he has set out to do. He will agree to continue to help the company as it moves forward.
As reported in earlier updates, CMKM reached another milestone this past year. Using all of the information that was available to the company and with the assistance of the company's accounting firm, CMKM has filed tax returns dating all the way back to 2002. 2010 is being prepared and will be filed within a couple of weeks. We would like to thank Mr. West for his efforts and guidance.
In view of this news, the Board of Directors has asked Mr. James Lowden to assume control while we begin the search for an able replacement. If any of the shareholders would like to apply, Please send your resumes to P.O. Box 9575, Tyler, Texas 75711. We will only except resumes by mail.
Disclaimer: Please be advised that compensation for this position is negotiable based on the business experience of the applicant. The person selected for this position may be asked to accept stock in lieu of salary or may be asked to allow the company to defer his salary pending the sale of certain company assets or until other revenues are realized by the company.
The current Board of Directors realizes the frustrations expressed by certain shareholders on the lack of information available from company management. For this reason, we have asked Mr. Lowden to come up with a plan to appoint a shareholder committee that we can communicate with. Matters such as the plan for a shareholder meeting and other aspects of company business could be discussed with such a committee. We have asked Mr. Lowden to report to us of his ideas in this regard. We will report to you through a company update on the official company web site as we make decisions in this regard.
The Board of Directors
February 26, 2011
To the Shareholders of CMKM Diamonds Inc.
This was a statement made in June of 2010
From the update:
CMKM intends to hold its first ever-official shareholder's meeting within the next 12 months. As you could imagine, this event will be an extremely large undertaking with a great deal of organizational and monetary requirements to make it happen correctly. To begin preparing for this event now, it will be necessary to have current information for as many shareholders as possible. If you intend to be able to vote via proxy you will need to have a certificate in your name and have a current address on file with the transfer agent. If you have electronic shares only, then your vote(s) will be held by the brokerage or clearing firm that is theoretically holding the bulk certificate for your position.
Please be advised that through an extensive amount of work and with the assistance of Transfer Online, CMKM has undeniably the most accurate account of the shareholder base that could be gathered.
I feel there is a number of a CMKM shareholders that are very knowledgeable about the company and could play a vital role in the final phases of the company's reconstruction.
The goal of this management is to build a company one step at a time. It is of the opinion of the company that a round table team of shareholders be assembled with approximately 7 individuals. These individuals will assist the company in their past knowledge and their ideas moving forward. It is important that these individuals have a good standing with our shareholders. Please submit your information in writing and reference Round Table Member. If you are not selected we still need your support.
"The company cannot be specific at this time about matters such as compensation, benefits and overall job requirements. But we encourage those interested to send a short letter with their resume. We will address those issues in the coming weeks."
Update Information:
CMKM will have the 2010 tax returns completed on or before March 15, 2011
LEGAL: Refer to the Litigation update Dec 2010.
NewCo: The NEW CO, J/V agreement with 1010 is still a valid opportunity for our company. 1010 and CMKM have worked together throughout the year to develop a business plan however at this time, the Company has been unable to provide the large amount of funds needed to move this venture forward. Mr. Koch has continued to secure the claims that hold potential value for the NEW Co and ultimately the sake of the shareholders. We are very confident in our partnership.
As earlier stated by CMKM, after a complete investigation into the matters being litigated by Mr. Hodges, the company does not believe any legal action is necessary or would be appropriate. Our position regarding the matter has been clearly set out in our updates to the shareholders. We have no evidence to validate his claims.
Shareholders, please understand that your questions and concerns are important; it is impossible to answer all of the emails and phone calls. I watched Kevin spend entire days on the phone and responding to emails only to see him exhausted at day's end and still be the object of criticism. I pray each of you understand that CMKM is at its absolute healthiest place it has ever been. Although there is not regular and ongoing revenue for the company at this time, CMKM has proper accounting, a few pieces of Real Property, Judgments from past events, and some very positive legal cases moving forward.
It is with great regret that Mr. Kevin West resigned from CMKM after the years of hard work he has put in. Please let us not lose sight of his goal for the company.
Please submit your questions in writing and they will be responded to in a timely manor
James E. Lowden
CMKM Diamonds Inc.
P.O. Box 9575
Tyler, Texas 75711
February 26, 2011
To The Shareholders CMKM:
It is with regret that we received the resignation of Mr. Kevin West. Mr. West was a tireless worker for and on behalf of the shareholders of CMKM Diamonds Inc. When Mr. West was asked to take the position of CEO and President, the company was at best in terrible shape. No money, no records, no set list of assets, in fact there was nothing but 50,000 disgruntled shareholders all expecting that he could perform a miracle for them. Well, he did. He kept the company doors open and proceeded to expose and rectify some of the unscrupulous activities of the past.
Mr. West used his best efforts to make certain things happened. It was Kevin's desire that the corporation would one day be on a solid foundation of accountability. Most importantly that accurate records exist so that every shareholder could be accounted for and the information the transfer agent needed was correct and noted. Much of this has been accomplished and the company's financial records are now becoming an asset and not a liability.
Mr. West believes it is time to hand the reins to someone else. He has accomplished a lot of what he has set out to do. He will agree to continue to help the company as it moves forward.
As reported in earlier updates, CMKM reached another milestone this past year. Using all of the information that was available to the company and with the assistance of the company's accounting firm, CMKM has filed tax returns dating all the way back to 2002. 2010 is being prepared and will be filed within a couple of weeks. We would like to thank Mr. West for his efforts and guidance.
In view of this news, the Board of Directors has asked Mr. James Lowden to assume control while we begin the search for an able replacement. If any of the shareholders would like to apply, Please send your resumes to P.O. Box 9575, Tyler, Texas 75711. We will only except resumes by mail.
Disclaimer: Please be advised that compensation for this position is negotiable based on the business experience of the applicant. The person selected for this position may be asked to accept stock in lieu of salary or may be asked to allow the company to defer his salary pending the sale of certain company assets or until other revenues are realized by the company.
The current Board of Directors realizes the frustrations expressed by certain shareholders on the lack of information available from company management. For this reason, we have asked Mr. Lowden to come up with a plan to appoint a shareholder committee that we can communicate with. Matters such as the plan for a shareholder meeting and other aspects of company business could be discussed with such a committee. We have asked Mr. Lowden to report to us of his ideas in this regard. We will report to you through a company update on the official company web site as we make decisions in this regard.
The Board of Directors
February 26, 2011
To the Shareholders of CMKM Diamonds Inc.
This was a statement made in June of 2010
From the update:
CMKM intends to hold its first ever-official shareholder's meeting within the next 12 months. As you could imagine, this event will be an extremely large undertaking with a great deal of organizational and monetary requirements to make it happen correctly. To begin preparing for this event now, it will be necessary to have current information for as many shareholders as possible. If you intend to be able to vote via proxy you will need to have a certificate in your name and have a current address on file with the transfer agent. If you have electronic shares only, then your vote(s) will be held by the brokerage or clearing firm that is theoretically holding the bulk certificate for your position.
Please be advised that through an extensive amount of work and with the assistance of Transfer Online, CMKM has undeniably the most accurate account of the shareholder base that could be gathered.
I feel there is a number of a CMKM shareholders that are very knowledgeable about the company and could play a vital role in the final phases of the company's reconstruction.
The goal of this management is to build a company one step at a time. It is of the opinion of the company that a round table team of shareholders be assembled with approximately 7 individuals. These individuals will assist the company in their past knowledge and their ideas moving forward. It is important that these individuals have a good standing with our shareholders. Please submit your information in writing and reference Round Table Member. If you are not selected we still need your support.
"The company cannot be specific at this time about matters such as compensation, benefits and overall job requirements. But we encourage those interested to send a short letter with their resume. We will address those issues in the coming weeks."
Update Information:
CMKM will have the 2010 tax returns completed on or before March 15, 2011
LEGAL: Refer to the Litigation update Dec 2010.
NewCo: The NEW CO, J/V agreement with 1010 is still a valid opportunity for our company. 1010 and CMKM have worked together throughout the year to develop a business plan however at this time, the Company has been unable to provide the large amount of funds needed to move this venture forward. Mr. Koch has continued to secure the claims that hold potential value for the NEW Co and ultimately the sake of the shareholders. We are very confident in our partnership.
As earlier stated by CMKM, after a complete investigation into the matters being litigated by Mr. Hodges, the company does not believe any legal action is necessary or would be appropriate. Our position regarding the matter has been clearly set out in our updates to the shareholders. We have no evidence to validate his claims.
Shareholders, please understand that your questions and concerns are important; it is impossible to answer all of the emails and phone calls. I watched Kevin spend entire days on the phone and responding to emails only to see him exhausted at day's end and still be the object of criticism. I pray each of you understand that CMKM is at its absolute healthiest place it has ever been. Although there is not regular and ongoing revenue for the company at this time, CMKM has proper accounting, a few pieces of Real Property, Judgments from past events, and some very positive legal cases moving forward.
It is with great regret that Mr. Kevin West resigned from CMKM after the years of hard work he has put in. Please let us not lose sight of his goal for the company.
Please submit your questions in writing and they will be responded to in a timely manor
James E. Lowden
CMKM Diamonds Inc.
P.O. Box 9575
Tyler, Texas 75711