Post by mrsam on Feb 18, 2012 11:05:40 GMT -5
February 15, 2012
To All CMKM Shareholders:
Greetings to all of you – I sincerely hope that you and your families are doing well so far in this New Year. Much has been happening on the inside with CMKM, and I want to update you as to many of the ongoing efforts being put forth on your behalf:
Company Headquarters
The company records and documents have recently been relocated to my office/warehouse in Alabama. I am providing use of my office facilities at no cost to the company, as it was absolutely necessary to reduce company overhead to the lowest possible level at this time.
I have hired the local accounting firm Madeley and Associates to take over the company accounting, and they will be filing the 2011 tax returns for CMKM. I hope to have the returns filed by March 15, 2012, and will post the return on the CMKM website when completed.
The new company address is as follows:
720 Airport Drive
Lincoln, Alabama 35096
Update on Legal Matters
I will be meeting with a prominent law firm this month to discuss the possibilities of pursuing a Naked Short action against various entities that could have harmed the company in the past. I hope to be able to retain this firm on a contingency-only basis, but will meet with other firms if we are unable to strike a deal. I am hopeful that a law firm can be found to pursue this legal avenue for us.
Our legal team met with counsel for Wells Fargo Bank last week to discuss our ongoing lawsuit against the bank. We intend to pursue every legal strategy available to recover from damages we believe were caused by the bank. I will update you further as I am able to discuss with more clarity.
We continue a diligent effort to locate and obtain possession of numerous properties and assets that we believe were bought with CMKM funds by former company insiders. This effort has already produced revenue for CMKM, and I believe it will be a significant revenue source in 2012. I will be personally visiting several of these properties in March to begin formulating a plan to sell or make use of these assets.
Our property in Clayton, Georgia is listed for sale, and is being actively marketed. We hope to find a buyer very soon.
I will keep you updated on these efforts, and others that cannot be discussed at this time.
Upcoming Travel Plans
As previously mentioned, I will be meeting this month with a law firm the Naked Short action. Looking ahead to March, I will be making a long trip out West to look at various properties in Las Vegas and California that we plan to obtain in the near future.
On this same trip, I plan to meet with our new local counsel in Las Vegas, who will be very important to us in the Wells Fargo lawsuit, and in other legal actions in that area.
I am planning a meeting in March with our partner in the 1010 Joint Venture, Mr. Emerson Koch. I look forward to meeting with him, and continuing to affirm our commitment to that Joint Venture. When the spring thaw comes to Canada, I plan to put “boots on the ground” and visit the 1010 claims lands.
While in California, I hope to be able to meet with Mr. Al Hodges. I have not asked for a meeting nor confirmed a meeting with Mr. Hodges, but will contact him soon to ask to meet and shake hands in person.
Company Webinars
In a continuing effort to provide transparency to the shareholder base, I will begin a series of Shareholder Online Meetings or Webinars in April, 2012. I will hold at least two of these meetings in April, 2012 and at least two in May, 2012. I will hold at least one meeting online each month from that time forward. These meetings will be limited to 1,000 participants on a first-come basis. The meetings will involve general statements and updates from headquarters, plus a question-and-answer session. The meetings will be recorded and archived on the CMKM website for review.
I have done the one Pal Talk session recently and personally enjoyed the event, and felt that it was beneficial. I have been invited to participate in other forums as well. However, it has become clear to me now that many shareholders are polarized or have their favorite board, Pal Talk room, or other venue for discussion. I have no desire to alienate any shareholder by participating in a forum that might seem polarized. I have no agenda but to serve the shareholders, and to build unity and trust with each one of you. As a result of my commitment to build unity and trust, while providing the needed information and feedback, I will exclusively use the CMKM website for updates, and the company Webinar format to hold live events.
Board of Directors
The company will hold an online vote on September 30, 2012 for two Shareholder Representatives that will serve on the Board of Directors. These Shareholder Representatives will be considered full Board members, with the same voting rights as other Board members. The company will seek candidates for the Shareholder Representative positions between July 15 and August 15, 2012.
I will appoint up to four non-shareholder Directors prior to the vote on September 30, 2012. I am interviewing potential Directors at this time, and seek to have a strong, diverse Board to help me move CMKM forward into the future.
I will update you as the process of putting this Board of Directors together comes together.
Summary
I have had the privilege to communicate with many shareholders by phone, by e-mail, and by text since coming aboard on November 18, 2011. I have enjoyed meeting each of you, and appreciate your kindness and support, as well as your candor and passion for the CMKM cause. By and large, we all have a common goal and desire – to see CMKM provide a return on your investment that is long overdue.
I can assure you that a tireless effort is underway to put CMKM back on solid footing, and to make you proud that you invested your hard-earned money in this company.
I will communicate again soon. In the meantime – take care, and God bless….
Steve Kirkpatrick stevek@cmkmdiamondsinc.com
steve kirkpatrick is the new CEO. this was his welcome message:
To All CMKM Shareholders:
Greetings to all of you – I sincerely hope that you and your families are doing well so far in this New Year. Much has been happening on the inside with CMKM, and I want to update you as to many of the ongoing efforts being put forth on your behalf:
Company Headquarters
The company records and documents have recently been relocated to my office/warehouse in Alabama. I am providing use of my office facilities at no cost to the company, as it was absolutely necessary to reduce company overhead to the lowest possible level at this time.
I have hired the local accounting firm Madeley and Associates to take over the company accounting, and they will be filing the 2011 tax returns for CMKM. I hope to have the returns filed by March 15, 2012, and will post the return on the CMKM website when completed.
The new company address is as follows:
720 Airport Drive
Lincoln, Alabama 35096
Update on Legal Matters
I will be meeting with a prominent law firm this month to discuss the possibilities of pursuing a Naked Short action against various entities that could have harmed the company in the past. I hope to be able to retain this firm on a contingency-only basis, but will meet with other firms if we are unable to strike a deal. I am hopeful that a law firm can be found to pursue this legal avenue for us.
Our legal team met with counsel for Wells Fargo Bank last week to discuss our ongoing lawsuit against the bank. We intend to pursue every legal strategy available to recover from damages we believe were caused by the bank. I will update you further as I am able to discuss with more clarity.
We continue a diligent effort to locate and obtain possession of numerous properties and assets that we believe were bought with CMKM funds by former company insiders. This effort has already produced revenue for CMKM, and I believe it will be a significant revenue source in 2012. I will be personally visiting several of these properties in March to begin formulating a plan to sell or make use of these assets.
Our property in Clayton, Georgia is listed for sale, and is being actively marketed. We hope to find a buyer very soon.
I will keep you updated on these efforts, and others that cannot be discussed at this time.
Upcoming Travel Plans
As previously mentioned, I will be meeting this month with a law firm the Naked Short action. Looking ahead to March, I will be making a long trip out West to look at various properties in Las Vegas and California that we plan to obtain in the near future.
On this same trip, I plan to meet with our new local counsel in Las Vegas, who will be very important to us in the Wells Fargo lawsuit, and in other legal actions in that area.
I am planning a meeting in March with our partner in the 1010 Joint Venture, Mr. Emerson Koch. I look forward to meeting with him, and continuing to affirm our commitment to that Joint Venture. When the spring thaw comes to Canada, I plan to put “boots on the ground” and visit the 1010 claims lands.
While in California, I hope to be able to meet with Mr. Al Hodges. I have not asked for a meeting nor confirmed a meeting with Mr. Hodges, but will contact him soon to ask to meet and shake hands in person.
Company Webinars
In a continuing effort to provide transparency to the shareholder base, I will begin a series of Shareholder Online Meetings or Webinars in April, 2012. I will hold at least two of these meetings in April, 2012 and at least two in May, 2012. I will hold at least one meeting online each month from that time forward. These meetings will be limited to 1,000 participants on a first-come basis. The meetings will involve general statements and updates from headquarters, plus a question-and-answer session. The meetings will be recorded and archived on the CMKM website for review.
I have done the one Pal Talk session recently and personally enjoyed the event, and felt that it was beneficial. I have been invited to participate in other forums as well. However, it has become clear to me now that many shareholders are polarized or have their favorite board, Pal Talk room, or other venue for discussion. I have no desire to alienate any shareholder by participating in a forum that might seem polarized. I have no agenda but to serve the shareholders, and to build unity and trust with each one of you. As a result of my commitment to build unity and trust, while providing the needed information and feedback, I will exclusively use the CMKM website for updates, and the company Webinar format to hold live events.
Board of Directors
The company will hold an online vote on September 30, 2012 for two Shareholder Representatives that will serve on the Board of Directors. These Shareholder Representatives will be considered full Board members, with the same voting rights as other Board members. The company will seek candidates for the Shareholder Representative positions between July 15 and August 15, 2012.
I will appoint up to four non-shareholder Directors prior to the vote on September 30, 2012. I am interviewing potential Directors at this time, and seek to have a strong, diverse Board to help me move CMKM forward into the future.
I will update you as the process of putting this Board of Directors together comes together.
Summary
I have had the privilege to communicate with many shareholders by phone, by e-mail, and by text since coming aboard on November 18, 2011. I have enjoyed meeting each of you, and appreciate your kindness and support, as well as your candor and passion for the CMKM cause. By and large, we all have a common goal and desire – to see CMKM provide a return on your investment that is long overdue.
I can assure you that a tireless effort is underway to put CMKM back on solid footing, and to make you proud that you invested your hard-earned money in this company.
I will communicate again soon. In the meantime – take care, and God bless….
Steve Kirkpatrick stevek@cmkmdiamondsinc.com
steve kirkpatrick is the new CEO. this was his welcome message:
December 12, 2011
To All CMKM Shareholders:
It is with a tremendous amount of excitement that I introduce myself to you, the shareholders of CMKM Diamonds, Inc. My name is Steve Kirkpatrick, and I am thankful and proud to serve you as the new President and Chairman of the Board of CMKM. I, too, am a shareholder of CMKM, and it is my strong desire to bring to you a well-deserved return on your investment in this company.
I want to express a heartfelt “thank you” to Mr. Jim Lowden, Mr. Kevin West, and Mr. Bill Frizzell for the diligent efforts these men have made to move the company forward under difficult circumstances. These are men of integrity, and I can assure you that, without each one of their contributions, it is doubtful that CMKM would have survived to this point. They all have been instrumental in helping me get “up to speed” with the many details involved in this transition. They are truly “unsung heroes” in ways that may come to light in the days ahead.
I do not personally know any of the former Board members, but want to thank them for their time of service to CMKM. I wish them well with their future endeavors.
Please allow me to address some of the issues that may be on your minds:
COMMUNICATION FROM MANAGEMENT
I will make a diligent effort to keep the shareholders informed and updated on a regular basis from this day forward. I will use the company website for written updates. However, I believe the shareholders want and deserve a forum that will allow you to ask legitimate questions, and get answers. Over the next few days, I will make contact with one or two of the Pal Talk rooms in an effort to set up a live forum for me to talk with shareholders. I hope to have the session recorded so that shareholders will be able to listen at a later date. If this medium proves to be effective, perhaps it can be used on a regular basis as important events occur.
As company finances improve, I will host webinar events online that will be recorded and archived on the company website. Also, I have had calls from owners/moderators of various boards offering communication options. I will research these opportunities as well.
Please be aware that I do not and never have posted on any of the “boards”.
It is important for shareholders to understand that I will not have the answers to every question. Public discussion of certain topics could compromise our position with regard to ongoing litigation or collection efforts. Some topics serve no value in moving the company forward. I will, however, provide honest feedback on subjects that are open to discussion.
SHAREHOLDER MEETING PLANS
As has been stated before by CMKM management, the only reason that a shareholder meeting has not been planned or held is the sheer lack of the funds needed to host such a meeting. I hope to provide enough feedback to the shareholders to fill the “void” until such time that funds to hold a meeting are available.
NEW BOARD OF DIRECTORS
As you know, all previous Board members have resigned. I am in the process of assembling a group to sit on the Board of CMKM. Unfortunately, in order to get quality professionals to sit on a corporate board, the company needs to be able to cover the Board with liability insurance. Many of the people I have in mind for the Board have significant assets, and will not join the Board without the insurance coverage. The Board will be selected, and will be on “standby” until the funds are available to insure them.
I have discussed the Board positions with several highly qualified individuals, and have commitments from two so far. I want a diverse group with the business and life experience to truly help me move this company forward. I will keep you informed on this process.
AL HODGES AND THE BIVENS LAWSUIT
I spoke with Mr. Al Hodges recently. I assured Mr. Hodges that I would help any way possible if he needs anything from company management to move his case forward. However, the Hodges case is a totally separate issue from the operation of CMKM Diamonds, Inc.
I believe Al Hodges is an honorable man and a very good attorney. From what I can gather, he has put his entire law practice and professional reputation on the line for this lawsuit. I am convinced Mr. Hodges truly believes he will prevail. I wish him the best.
However, the position of CMKM Diamonds, Inc. is neutral with regard to the Hodges effort. I can assure you that company management has no “inside” information to share.
COMPANY HEADQUARTERS
The company headquarters will be moved from Tyler, Texas in the near future. When the relocation is complete, I will update you with all the facts.
2010 TAX RETURN
As you have seen, the 2010 tax return has been released on the company website for your review. I am sure many of you have questions about the return. I will discuss the return with our accounting firm, and will be as prepared as possible to answer questions during the first Pal Talk session.
If you are not familiar with how to “read” a corporate tax return, then you may become confused or make incorrect judgments about the “numbers”. I hope each shareholder will get the real facts before making incorrect assumptions.
SHORT-TERM PLANS
There is much work to be done. However, a quick look at the 2010 tax return will help you understand my most pressing priority. The company has assets, but no operating cash at the present time. We have significant liabilities that need to be paid soon. The task of converting real estate assets into cash is underway. I was in Clayton, Georgia on Friday, 12/9/11 interviewing agents to list and sell the land we own there. I hope to sell the land rapidly for enough cash to pay all current liabilities in full.
There are several parcels of land that can be acquired through judgments – it will take time to convert those to cash. We have many millions of dollars judgments in favor of CMKM against several individuals, but many, if not most of those judgments are uncollectable.
There are other potential sources of cash on the horizon, but to discuss them in this forum could compromise our position and ability to collect funds.
LONG TERM GOALS
The following list outlines goals I hope to accomplish over the next two or three years:
1. Test 1010 core samples.
2. Return CMKX stock to trading status.
3. Form “New Corp” to work or sell off 1010 claims, giving CMKM shareholders a pro-rata stake in the “New Corp”.
4. Ultimately, provide a good and well-deserved return on investment to all bona-fide CMKM shareholders.
These goals are realistic and attainable, but not guaranteed.
SUMMARY
As I stated in my opening paragraph, I am truly excited about the potential CMKM holds. I believe in the potential enough to spend my time and energy without cash compensation at this time. I know what needs to be done, and I know how to do what needs to be done. However, I am not a “miracle worker”. I will put the work into the company that is necessary, but the company needs some good things to happen for a change.
The negative verdict in the Glenn case was a major setback for CMKM. We had a very good case, but, as we have seen in recent years – a good case doesn’t always insure a positive verdict in court.
What we have as CMKM shareholders is a company that has been damaged severely by many illegal activities in years past, but is still alive and has a good chance of becoming a profitable venture.
There are many misconceptions about CMKM due to its past history. However, let me assure each of you that I know of no conspiracies, mystery “money men”, or anything else of that nature. I hope to address these issues in more detail in the near future.
We have a much better chance for success if we are unified as shareholders. I ask for your support, and if you believe in prayer – pray for this company and for me as I lead the effort. I assure you that I will conduct business honorably and diligently. I look forward to working on your behalf in the days ahead.
God bless!
Steve Kirkpatrick
To All CMKM Shareholders:
It is with a tremendous amount of excitement that I introduce myself to you, the shareholders of CMKM Diamonds, Inc. My name is Steve Kirkpatrick, and I am thankful and proud to serve you as the new President and Chairman of the Board of CMKM. I, too, am a shareholder of CMKM, and it is my strong desire to bring to you a well-deserved return on your investment in this company.
I want to express a heartfelt “thank you” to Mr. Jim Lowden, Mr. Kevin West, and Mr. Bill Frizzell for the diligent efforts these men have made to move the company forward under difficult circumstances. These are men of integrity, and I can assure you that, without each one of their contributions, it is doubtful that CMKM would have survived to this point. They all have been instrumental in helping me get “up to speed” with the many details involved in this transition. They are truly “unsung heroes” in ways that may come to light in the days ahead.
I do not personally know any of the former Board members, but want to thank them for their time of service to CMKM. I wish them well with their future endeavors.
Please allow me to address some of the issues that may be on your minds:
COMMUNICATION FROM MANAGEMENT
I will make a diligent effort to keep the shareholders informed and updated on a regular basis from this day forward. I will use the company website for written updates. However, I believe the shareholders want and deserve a forum that will allow you to ask legitimate questions, and get answers. Over the next few days, I will make contact with one or two of the Pal Talk rooms in an effort to set up a live forum for me to talk with shareholders. I hope to have the session recorded so that shareholders will be able to listen at a later date. If this medium proves to be effective, perhaps it can be used on a regular basis as important events occur.
As company finances improve, I will host webinar events online that will be recorded and archived on the company website. Also, I have had calls from owners/moderators of various boards offering communication options. I will research these opportunities as well.
Please be aware that I do not and never have posted on any of the “boards”.
It is important for shareholders to understand that I will not have the answers to every question. Public discussion of certain topics could compromise our position with regard to ongoing litigation or collection efforts. Some topics serve no value in moving the company forward. I will, however, provide honest feedback on subjects that are open to discussion.
SHAREHOLDER MEETING PLANS
As has been stated before by CMKM management, the only reason that a shareholder meeting has not been planned or held is the sheer lack of the funds needed to host such a meeting. I hope to provide enough feedback to the shareholders to fill the “void” until such time that funds to hold a meeting are available.
NEW BOARD OF DIRECTORS
As you know, all previous Board members have resigned. I am in the process of assembling a group to sit on the Board of CMKM. Unfortunately, in order to get quality professionals to sit on a corporate board, the company needs to be able to cover the Board with liability insurance. Many of the people I have in mind for the Board have significant assets, and will not join the Board without the insurance coverage. The Board will be selected, and will be on “standby” until the funds are available to insure them.
I have discussed the Board positions with several highly qualified individuals, and have commitments from two so far. I want a diverse group with the business and life experience to truly help me move this company forward. I will keep you informed on this process.
AL HODGES AND THE BIVENS LAWSUIT
I spoke with Mr. Al Hodges recently. I assured Mr. Hodges that I would help any way possible if he needs anything from company management to move his case forward. However, the Hodges case is a totally separate issue from the operation of CMKM Diamonds, Inc.
I believe Al Hodges is an honorable man and a very good attorney. From what I can gather, he has put his entire law practice and professional reputation on the line for this lawsuit. I am convinced Mr. Hodges truly believes he will prevail. I wish him the best.
However, the position of CMKM Diamonds, Inc. is neutral with regard to the Hodges effort. I can assure you that company management has no “inside” information to share.
COMPANY HEADQUARTERS
The company headquarters will be moved from Tyler, Texas in the near future. When the relocation is complete, I will update you with all the facts.
2010 TAX RETURN
As you have seen, the 2010 tax return has been released on the company website for your review. I am sure many of you have questions about the return. I will discuss the return with our accounting firm, and will be as prepared as possible to answer questions during the first Pal Talk session.
If you are not familiar with how to “read” a corporate tax return, then you may become confused or make incorrect judgments about the “numbers”. I hope each shareholder will get the real facts before making incorrect assumptions.
SHORT-TERM PLANS
There is much work to be done. However, a quick look at the 2010 tax return will help you understand my most pressing priority. The company has assets, but no operating cash at the present time. We have significant liabilities that need to be paid soon. The task of converting real estate assets into cash is underway. I was in Clayton, Georgia on Friday, 12/9/11 interviewing agents to list and sell the land we own there. I hope to sell the land rapidly for enough cash to pay all current liabilities in full.
There are several parcels of land that can be acquired through judgments – it will take time to convert those to cash. We have many millions of dollars judgments in favor of CMKM against several individuals, but many, if not most of those judgments are uncollectable.
There are other potential sources of cash on the horizon, but to discuss them in this forum could compromise our position and ability to collect funds.
LONG TERM GOALS
The following list outlines goals I hope to accomplish over the next two or three years:
1. Test 1010 core samples.
2. Return CMKX stock to trading status.
3. Form “New Corp” to work or sell off 1010 claims, giving CMKM shareholders a pro-rata stake in the “New Corp”.
4. Ultimately, provide a good and well-deserved return on investment to all bona-fide CMKM shareholders.
These goals are realistic and attainable, but not guaranteed.
SUMMARY
As I stated in my opening paragraph, I am truly excited about the potential CMKM holds. I believe in the potential enough to spend my time and energy without cash compensation at this time. I know what needs to be done, and I know how to do what needs to be done. However, I am not a “miracle worker”. I will put the work into the company that is necessary, but the company needs some good things to happen for a change.
The negative verdict in the Glenn case was a major setback for CMKM. We had a very good case, but, as we have seen in recent years – a good case doesn’t always insure a positive verdict in court.
What we have as CMKM shareholders is a company that has been damaged severely by many illegal activities in years past, but is still alive and has a good chance of becoming a profitable venture.
There are many misconceptions about CMKM due to its past history. However, let me assure each of you that I know of no conspiracies, mystery “money men”, or anything else of that nature. I hope to address these issues in more detail in the near future.
We have a much better chance for success if we are unified as shareholders. I ask for your support, and if you believe in prayer – pray for this company and for me as I lead the effort. I assure you that I will conduct business honorably and diligently. I look forward to working on your behalf in the days ahead.
God bless!
Steve Kirkpatrick