Canadian Man Swiped $200 Million In Penny Stock Scam, Investors Say
LAS VEGAS (CN) – Urban Casavant drained CMKM Diamonds Inc. of more than $200 million and spent it on gambling debts and real estate, including a $3.5 million home here, and funneling the rest into trusts and shell companies, CMKM claims in Clark County Court. Casavant, of Saskatoon, allegedly acquired more than 1 million acres of mineral claims in Saskatchewan and came to Las Vegas to promote them, promising to create “one million millionaires” by selling lots of 1 million shares of stock for $100. He said his land had diamonds, and claimed the company was about to be bought for $1.54 a share, the complaint states. While running this scam for more than two years, Casavant “dumped over 700 billion shares into the marketplace. This scheme was perpetrated by Casavant along with highly paid lawyers and insiders of the company, including defendants (Mike) Williams, (James) Kinney, (Ginger) Gutierrez and (Brian) Dvorak,” the suit states. Plaintiffs also sue Deshawn Wayne, P.A. Holdings and Bucko LLC. They seek disgorgement and punitive damages. They are represented by David Koch with Turner Green Afrasiabi & Arledge. See complaint.
Link: http://www.courthousenews.com/Casavant.pdf
So now what Debi Kiontke or James Brewer ? ?
How are you going to spin this off as something positive ? ?
Monday, April 30, 2007
Saturday, April 28, 2007
$8,400 For Debi Kiontke or James Brewer
Come on Debi you can do it. You can be the first person who has irrefutable evidence of an actual payout, or irrefutable evidence of a sting that Urban Casavant is involved in (NOT an investigation that he is one of the subjects of).
Don't let James beat you to it ! !
What is the Faulking Truth worth?
What began as an impromptu $1,000 challenge to the Gurus and their followers who have been busy promising a payout and swift justice via a multi-year sting operation emanating from within CMKM Diamonds has grown to a list of six generous contributors who, after years of predictions and promises, want to see the evidence that the talk is more than just talk.
The two latest contributors are cruisecontrol, who is putting up $800 of his own money, and braindamage, who is adding a thousand to the challenge, bringing our total to a tempting $8,400.
Here’s the challenge: “We will pay $8,400 to the first person who has irrefutable evidence of an actual payout, or irrefutable evidence of a sting that Urban Casavant is involved in (NOT an investigation that he is one of the subjects of). Send me irrefutable evidence at thenakedtruth@faulkingtruth.com and the money is yours.”
Heck, I’ve been trying to get an interview with Urban for months to tell his side of the story, maybe he’ll contact me and lay the real plan out on the table for me. I’d love that, and it would put an end to all the speculation once and for all.
Saturday , April 28, 2007 17:58
Link: http://www.faulkingtruth.com/blog
Don't let James beat you to it ! !
What is the Faulking Truth worth?
What began as an impromptu $1,000 challenge to the Gurus and their followers who have been busy promising a payout and swift justice via a multi-year sting operation emanating from within CMKM Diamonds has grown to a list of six generous contributors who, after years of predictions and promises, want to see the evidence that the talk is more than just talk.
The two latest contributors are cruisecontrol, who is putting up $800 of his own money, and braindamage, who is adding a thousand to the challenge, bringing our total to a tempting $8,400.
Here’s the challenge: “We will pay $8,400 to the first person who has irrefutable evidence of an actual payout, or irrefutable evidence of a sting that Urban Casavant is involved in (NOT an investigation that he is one of the subjects of). Send me irrefutable evidence at thenakedtruth@faulkingtruth.com and the money is yours.”
Heck, I’ve been trying to get an interview with Urban for months to tell his side of the story, maybe he’ll contact me and lay the real plan out on the table for me. I’d love that, and it would put an end to all the speculation once and for all.
Saturday , April 28, 2007 17:58
Link: http://www.faulkingtruth.com/blog
Friday, April 27, 2007
Debi Kiontke for $5000...
will you be the first to step up and provide some real fact ? ?
We do enjoy seeing your freind DeWayne calling you out. Maybe you can get James over here to back you up.
Link: http://www.faulkingtruth.com/blog
Update...CFRN upping the Ante!
UPDATE:
Okay, I just received an email from CT (DeWayne Reeves) at CFRN.net
He has added $5,000 to the wager, payable to the first person:
"who has irrefutable evidence of an actual payout, or irrefutable evidence of a sting that Urban Casavant is involved in (NOT an investigation that he is one of the subjects of). And I don't mean the usual "I heard it from a guy in Belgium who talked to his banker (a year ago), who said we're getting paid tonight at 1:32 AM EST" speculation.
Send me irrefutable evidence at the email address listed above, and I'll mail you a check on Monday."
I am adding a couple of disclaimers to the bet: This offer expires at 11:59 PM EST, on Thursday, April 3, 2007, that way we can announce the results on next Friday's Faulking Truth show. Secondly, since CT is putting up a substantial sum of money here, let's make it the FIRST person who has irrefutable evidence, etc.
This is a golden opportunity for all of the gurus who have been saying they have proof that this is a sting and that there's a massive payout waiting for CMKX shareholders to confirm it once and for all, and receive a nice bonus out of it at the same time (while they're waiting for the big money to arrive).
And CT says: "Gurus, take CT's money!"
Thanks,
Mark Faulk
P.S. I keep getting asked about my comment months ago where I used the dreaded "S Word." FOR THE LAST TIME, here it is:
I was talking about an ongoing investigation into the company, including insiders, by the FBI, the DOJ, and the IRS criminal investigation division, NOT a sting masterminded by ANYONE from within the company, or hired by the company. My choice to use the word "sting" was the stupidiest choice of words I've ever made. As of my last conversation with the FBI a few weeks ago, that investigatin was still ongoing.
We do enjoy seeing your freind DeWayne calling you out. Maybe you can get James over here to back you up.
Link: http://www.faulkingtruth.com/blog
Update...CFRN upping the Ante!
UPDATE:
Okay, I just received an email from CT (DeWayne Reeves) at CFRN.net
He has added $5,000 to the wager, payable to the first person:
"who has irrefutable evidence of an actual payout, or irrefutable evidence of a sting that Urban Casavant is involved in (NOT an investigation that he is one of the subjects of). And I don't mean the usual "I heard it from a guy in Belgium who talked to his banker (a year ago), who said we're getting paid tonight at 1:32 AM EST" speculation.
Send me irrefutable evidence at the email address listed above, and I'll mail you a check on Monday."
I am adding a couple of disclaimers to the bet: This offer expires at 11:59 PM EST, on Thursday, April 3, 2007, that way we can announce the results on next Friday's Faulking Truth show. Secondly, since CT is putting up a substantial sum of money here, let's make it the FIRST person who has irrefutable evidence, etc.
This is a golden opportunity for all of the gurus who have been saying they have proof that this is a sting and that there's a massive payout waiting for CMKX shareholders to confirm it once and for all, and receive a nice bonus out of it at the same time (while they're waiting for the big money to arrive).
And CT says: "Gurus, take CT's money!"
Thanks,
Mark Faulk
P.S. I keep getting asked about my comment months ago where I used the dreaded "S Word." FOR THE LAST TIME, here it is:
I was talking about an ongoing investigation into the company, including insiders, by the FBI, the DOJ, and the IRS criminal investigation division, NOT a sting masterminded by ANYONE from within the company, or hired by the company. My choice to use the word "sting" was the stupidiest choice of words I've ever made. As of my last conversation with the FBI a few weeks ago, that investigatin was still ongoing.
Thursday, April 26, 2007
Debi Kiontke. Urban Casavant...
is being taken to court by CMKM Diamonds Inc.
Well Debi Kiontke will you please explain why this is happening to your hero Urban Casavant. Should be easy for you to do based on all the fact based info you may have to support him and show why this case will get thrown out of court. You can do that can't you Debi Kiontke ? ?
We doubt it.
Anyways here is the goods for all to read.
Case 07-A-540161-B Status ACTIVE
Plaintiff CMKM Diamonds Inc Attorney Koch, David R.
Defendant Casavant Urban Attorney ## Unknown ##
Judge Denton, Mark R. Dept. 13
--------------------------------------------------------------------------------
Only 1 entry for this case.
--------------------------------------------------------------------------------
Filed Date Description Performed
04/25/2007 COMPLAINT FILED Fee $148.00
For CMKM Diamonds Inc
Link: http://courtgate.coca.co.clark.nv.us/DistrictCourt/asp/CaseNo.asp
Follow link and enter 07 A 540161
Well Debi Kiontke will you please explain why this is happening to your hero Urban Casavant. Should be easy for you to do based on all the fact based info you may have to support him and show why this case will get thrown out of court. You can do that can't you Debi Kiontke ? ?
We doubt it.
Anyways here is the goods for all to read.
Case 07-A-540161-B Status ACTIVE
Plaintiff CMKM Diamonds Inc Attorney Koch, David R.
Defendant Casavant Urban Attorney ## Unknown ##
Judge Denton, Mark R. Dept. 13
--------------------------------------------------------------------------------
Only 1 entry for this case.
--------------------------------------------------------------------------------
Filed Date Description Performed
04/25/2007 COMPLAINT FILED Fee $148.00
For CMKM Diamonds Inc
Link: http://courtgate.coca.co.clark.nv.us/DistrictCourt/asp/CaseNo.asp
Follow link and enter 07 A 540161
Wednesday, April 25, 2007
Debi Kiontke or James Brewer
So many idiots that swore CMKX and Urban Casavant could do no wrong are changing their minds as all the new documentation surfaces.
So when are you two going to finally pull of your blinders and come clean about just how mistaken you both were ? ?
We don't want to hear any excuses that you both did what you thought was right with the information you each had in hand as there was always real factual based information available for you to read, which sometimes you did just to dispute it.
Time for you both to come clean we would think.
So when are you two going to finally pull of your blinders and come clean about just how mistaken you both were ? ?
We don't want to hear any excuses that you both did what you thought was right with the information you each had in hand as there was always real factual based information available for you to read, which sometimes you did just to dispute it.
Time for you both to come clean we would think.
Tuesday, April 24, 2007
Monday, April 23, 2007
Debi Kiontke Legal Troubles...
may be coming soon for some big CMKX players.
Debi Kiontke we wait for your response. Debi Kiontke or Debi Kiontke.
Link: http://www.cmkmdiamondsinc.com/documents.php
Debi Kiontke we wait for your response. Debi Kiontke or Debi Kiontke.
Link: http://www.cmkmdiamondsinc.com/documents.php
Lies Being Exposed Debi Kiontke...
Debi Kiontke we wait and wait. Debi Kiontke we will continue to wait. As we wait, Debi Kiontke, we will read more about the lies being exposed over at Faulks blog.
Link: http://www.faulkingtruth.com/blog/
Link: http://www.faulkingtruth.com/blog/
Sunday, April 22, 2007
Debi Kiontke Or Debi Kiontke
Debi Kiontke we will wait for you to post your responses. Debi Kiontke why have you set you sights so high on CMKX when all this evidence exists ?
Debi Kiontke we will wait for you to post your responses. Debi Kiontke why will you not now retract your blind steadfast position on CMKX ?
Debi Kiontke or Debi Kiontke it is time you finally responded with some real evidence.
Debi Kiontke we will wait for you to post your responses. Debi Kiontke why will you not now retract your blind steadfast position on CMKX ?
Debi Kiontke or Debi Kiontke it is time you finally responded with some real evidence.
Debi Kiontke Does This One Do It For You Girl ? ?
To all CMKM shareholders:-
4-18-07 Update #2
It has come to my attention that the Abadgoodgirls, Jay Adobes and Acca Dacca’s of this world are spinning my updates as they have done with every update or press release of the past.
Your NEW management is going to start treating this company like a real company. The things these individuals are saying are false. There is no delivery coming to your house after the PR on Friday. Please do not listen to rumors of fortunes waiting just around the corner nor rumors of large trust accounts that have been set up with money or other assets to be delivered to shareholders. These rumors are simply not true.
The former Chairman stepping down last month has absolutely nothing to do with a plan. There is no secret sting in place, compartmentalized management or any other such secret operation. This is a very critical time, and if we don’t correct the problems from the past, we will further delay our move into the future. These posters and others like them are part of the problems from the past. Apparently, giving frequent and factual information has not stopped these individuals from preying on innocent shareholders.
It breaks my heart every time I hear of one of these posters stirring up the shareholder base with the excitement of a looming payout. Please understand that these posters are only feeding on your emotions and I cannot allow it to continue. I am currently in discussion with our legal counsel about our legal options against people that post blatantly false information pertaining to our Company.
We are in a rebuilding stage and everything will become more evident after this next press release.
Thank you for your continued support,
Kevin West
CEO
The New CMKM
Link: http://www.cmkmdiamondsinc.com/ceoupdates.php
4-18-07 Update #2
It has come to my attention that the Abadgoodgirls, Jay Adobes and Acca Dacca’s of this world are spinning my updates as they have done with every update or press release of the past.
Your NEW management is going to start treating this company like a real company. The things these individuals are saying are false. There is no delivery coming to your house after the PR on Friday. Please do not listen to rumors of fortunes waiting just around the corner nor rumors of large trust accounts that have been set up with money or other assets to be delivered to shareholders. These rumors are simply not true.
The former Chairman stepping down last month has absolutely nothing to do with a plan. There is no secret sting in place, compartmentalized management or any other such secret operation. This is a very critical time, and if we don’t correct the problems from the past, we will further delay our move into the future. These posters and others like them are part of the problems from the past. Apparently, giving frequent and factual information has not stopped these individuals from preying on innocent shareholders.
It breaks my heart every time I hear of one of these posters stirring up the shareholder base with the excitement of a looming payout. Please understand that these posters are only feeding on your emotions and I cannot allow it to continue. I am currently in discussion with our legal counsel about our legal options against people that post blatantly false information pertaining to our Company.
We are in a rebuilding stage and everything will become more evident after this next press release.
Thank you for your continued support,
Kevin West
CEO
The New CMKM
Link: http://www.cmkmdiamondsinc.com/ceoupdates.php
Debi Kiontke. How's This One Girl?
4-18-07 Update #1
It has been another busy week. We have an extremely large amount of information to share with you in the next press release. I must once again ask for your patience during the next couple of days as we finalize the actions that precede the press release. The press release is written, but the information to be provided along with it is not finished and it is of utmost importance that everything is done in order. Again, we have no room for error. I am going to go ahead and share some information of the progress that we are making with you today.
The Frizzell Law Firm is assisting the Company in the hiring of accounting professionals which we need without further delay. We have begun discussions with a Tyler CPA firm. We are seeking help from a CPA with the proper forensic experience and certifications. We are convinced there is a large volume of records that have been lost, misplaced or destroyed. We will obtain all financial records of this company and we will have these records audited.
Bill is conducting a full scale investigation into the sale of bulk certs which seems to be an ongoing problem. We are concerned about certs that were obtained with forged signatures from people that were at one time close to company insiders. It is the company's intention to cancel any illegal, forged or unauthorized shares regardless of how they were obtained. This is part of the shareholder and outstanding share audit we have been undergoing and transparency is a requirement in everything we are doing.
The Frizzell Law Firm has also assisted CMKM by hiring attorney Rich Lottmann to assist in the restructuring of the Company. Rich is advising me on changing the domicile of the company as well as other matters to include the best way to proceed in attracting new management to help us turn our company around. Work is already in progress to move the corporate home of CMKM to Texas.
We are working very hard to get a lot of situations handled at one time. Please have the respect and courtesy not to call any of the attorneys or firms mentioned in any updates or press releases. I understand your anxiousness and need for verification, but these professionals have a huge workload and time is of the essence for CMKM. I will provide you with updates on progress as it becomes available.
Thank you so very much for your support and understanding,
Kevin
Link: http://www.cmkmdiamondsinc.com/ceoupdates.php
It has been another busy week. We have an extremely large amount of information to share with you in the next press release. I must once again ask for your patience during the next couple of days as we finalize the actions that precede the press release. The press release is written, but the information to be provided along with it is not finished and it is of utmost importance that everything is done in order. Again, we have no room for error. I am going to go ahead and share some information of the progress that we are making with you today.
The Frizzell Law Firm is assisting the Company in the hiring of accounting professionals which we need without further delay. We have begun discussions with a Tyler CPA firm. We are seeking help from a CPA with the proper forensic experience and certifications. We are convinced there is a large volume of records that have been lost, misplaced or destroyed. We will obtain all financial records of this company and we will have these records audited.
Bill is conducting a full scale investigation into the sale of bulk certs which seems to be an ongoing problem. We are concerned about certs that were obtained with forged signatures from people that were at one time close to company insiders. It is the company's intention to cancel any illegal, forged or unauthorized shares regardless of how they were obtained. This is part of the shareholder and outstanding share audit we have been undergoing and transparency is a requirement in everything we are doing.
The Frizzell Law Firm has also assisted CMKM by hiring attorney Rich Lottmann to assist in the restructuring of the Company. Rich is advising me on changing the domicile of the company as well as other matters to include the best way to proceed in attracting new management to help us turn our company around. Work is already in progress to move the corporate home of CMKM to Texas.
We are working very hard to get a lot of situations handled at one time. Please have the respect and courtesy not to call any of the attorneys or firms mentioned in any updates or press releases. I understand your anxiousness and need for verification, but these professionals have a huge workload and time is of the essence for CMKM. I will provide you with updates on progress as it becomes available.
Thank you so very much for your support and understanding,
Kevin
Link: http://www.cmkmdiamondsinc.com/ceoupdates.php
"CMKX: Exposing the Lies" Debi Kiontke What Do You Think?
Today's update(s) from Kevin West regarding CMKM Diamonds were both good, but the second one was a brilliant piece of work. It should put to rest once and for all the heartless rumors that have been spread about CMKX for the past couple of years. As I've conducted research for "The Naked Truth," I've been amazed that the same rumors have been repeated for almost two years, often by the exact same idiots...and that people who are desperate for something to cling on to have chosen to believe them. These so-called "gurus" should have lost credibility a long time ago, but instead have preyed on the hopes of people who have been deceived and taken advantage of for far too long. There's really nothing I can add that Kevin West didn't say better in his press release, so I'll just wish everyone a brighter future, and leave you with this little bit of wisdom:
The first step in uncovering the truth is exposing the lies.
Enjoy the show...unless you happen to be part of the main event.
Here is the link to CMKM Diamonds' CEO Kevin West's updates:
http://www.cmkmdiamondsinc.com/ceoupdates.php
Link: http://www.faulkingtruth.com/blog/
The first step in uncovering the truth is exposing the lies.
Enjoy the show...unless you happen to be part of the main event.
Here is the link to CMKM Diamonds' CEO Kevin West's updates:
http://www.cmkmdiamondsinc.com/ceoupdates.php
Link: http://www.faulkingtruth.com/blog/
Debi Kiontke Check It Out Girl.
CMKM Diamonds CEO Addresses All Shareholders of Current Status
LAS VEGAS--(BUSINESS WIRE)--“Dear fellow shareholders, I have information to share with you today that came to my attention just days ago. I received a delivery of several boxes of corporate records in the last couple weeks that have confirmed my very worst fears. In response to this new information, various legal actions will be a priority as we move to protect the best interests of shareholders. We were not able to finalize these necessary actions today as we had expected. We will put out another press release by mid next week to update you on this progress.
"When I first accepted the position of Interim CEO, I made a promise to myself and my family and friends that if I found there was not a real plan in place for the benefit of all shareholders, then I would come forward with the information I found. Not only am I going to share this information with you, the shareholders, but will do everything in my power to make sure that these individuals and entities will never be able to harm others in this same way again."
The CEO continues, “When I started to work for CMKM in September of last year, I had high hopes and aspirations of making positive changes and forward progress in the evolution of this Company. Like so many of you, I believed that there was a plan in place that could not be revealed for one reason or another. However, after many months of failed promises, it was clear there was not a plan and no forward progress for our Company would ever happen until massive changes were implemented.
“In early January of this year, I contacted Bill Frizzell for his help. Within less than a week, Bill flew out to Las Vegas on his own time and expense with one goal in mind, to help me help the shareholders. Since that time, many changes have taken place up to and including the resignation of the former Chairman. Several days ago, the Company requested and has received several boxes of Company documents from an attorney that has held said records in safekeeping. These documents are very revealing and tell the story of what has taken place over the last several years. Had Bill Frizzell not acted quickly in response to my call, Our Company would have been forced into bankruptcy, essentially burying the evidence forever. As legal action proceeds, many of these documents will be made available for everyone to see on our Company website at www.CMKMdiamondsinc.com.”
Current Status of Company
As of March 29th 2007, the Company had 3 pending lawsuits, a Wells Notice from the SEC that was supposed to have been answered by March 9, 2007 (of which current management was totally unaware, until an official at the SEC contacted them on 4-10-07), and ongoing investigations by at least four government agencies. In addition there is documentation showing the forfeiture of all claims and mineral rights, no corporate records for the past 4 ½ years of business and taxes that have never been filed. The only tangible asset is a 45 million share certificate of Entourage Mining stock.
Current Actions
Since the Company has no available operating capital, Bill Frizzell has agreed to shoulder the current legal expenses. In order to handle the monstrous legal task at hand, Bill Frizzell has also agreed to interview, hire and direct a legal team that is now made up of several law firms from across the country. Because of the possibility of recoverable assets being brought back into the company, Bill is also hiring forensic specialists and professionals to file back tax returns, investigate past trading discrepancies, move the domicile of the company out of Nevada and audit the books, for the purpose of building a strong foundation to finally move our Company forward.
As mentioned previously, the Company is in receipt of a Wells Notice from the Security and Exchange Commission. The Company is currently in direct communication with the SEC and is cooperating fully with their investigation. Copies of documents recently provided to the Company as well as confidentiality waivers of former Company attorneys that are waiting to talk to the SEC are being provided as requested.
The Company has recently halted the transfer of a large bulk certificate to a major brokerage firm from a third party. A specialist will be hired to completely research and investigate both sides of this transaction along with the many recent transactions of possible insider sales of large bulk certificates.
Rumors
Rumors of trust accounts with money and other assets that have been established for the benefit of shareholders or rumors of dividends to be paid to shareholders are absolutely not true. Those that are demanding the Company to pay out monies held for shareholders are feeding off of this false information. Rumors that our Company was set up as a sting on the markets are false. Any rumor that has not been identified by this press release should be considered to be untrue. The Company will only provide information to shareholders through an official press release on Business Wire or on the Company website at www.CMKMdiamondsinc.com.
Outlook for the Future
West continues, “I am 100% confident that no matter how things may look today, as a united front, we can rebuild this Company. We have to once again unite as shareholders to begin to make positive strides forward. As you can well imagine, there will be an even greater influence to try and divide us at this time, we have to become so united that nothing can stop us.
“Once we have cleaned up our current legal matters, add value back into the Company and have prepared financials to be audited, it will be my intent to assemble a Corporate Governance and Nominating Committee made up of shareholders to locate, interview and recommend the most highly qualified Board of Directors to lead this Company back to trading and into the future.
“I want to remind everyone that there are two ways to look at the above information. We can look at everything in despair and believe that there is no hope for the future of our Company, or we can quickly put the past behind us and know that we can now move forward and build a brand new Company, one that already has 40,000 - 60,000 shareholders, into something wonderful. This shareholder base is, and has always been, our strongest and most valuable asset. That said, I suggest that WE, as shareholders, choose to look forward with hope, strength and determination to build this shareholder base into a solid company."
Safe Harbor Statement:
This news release contains certain "forward-looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.
Link: http://ncane.com/fzg
LAS VEGAS--(BUSINESS WIRE)--“Dear fellow shareholders, I have information to share with you today that came to my attention just days ago. I received a delivery of several boxes of corporate records in the last couple weeks that have confirmed my very worst fears. In response to this new information, various legal actions will be a priority as we move to protect the best interests of shareholders. We were not able to finalize these necessary actions today as we had expected. We will put out another press release by mid next week to update you on this progress.
"When I first accepted the position of Interim CEO, I made a promise to myself and my family and friends that if I found there was not a real plan in place for the benefit of all shareholders, then I would come forward with the information I found. Not only am I going to share this information with you, the shareholders, but will do everything in my power to make sure that these individuals and entities will never be able to harm others in this same way again."
The CEO continues, “When I started to work for CMKM in September of last year, I had high hopes and aspirations of making positive changes and forward progress in the evolution of this Company. Like so many of you, I believed that there was a plan in place that could not be revealed for one reason or another. However, after many months of failed promises, it was clear there was not a plan and no forward progress for our Company would ever happen until massive changes were implemented.
“In early January of this year, I contacted Bill Frizzell for his help. Within less than a week, Bill flew out to Las Vegas on his own time and expense with one goal in mind, to help me help the shareholders. Since that time, many changes have taken place up to and including the resignation of the former Chairman. Several days ago, the Company requested and has received several boxes of Company documents from an attorney that has held said records in safekeeping. These documents are very revealing and tell the story of what has taken place over the last several years. Had Bill Frizzell not acted quickly in response to my call, Our Company would have been forced into bankruptcy, essentially burying the evidence forever. As legal action proceeds, many of these documents will be made available for everyone to see on our Company website at www.CMKMdiamondsinc.com.”
Current Status of Company
As of March 29th 2007, the Company had 3 pending lawsuits, a Wells Notice from the SEC that was supposed to have been answered by March 9, 2007 (of which current management was totally unaware, until an official at the SEC contacted them on 4-10-07), and ongoing investigations by at least four government agencies. In addition there is documentation showing the forfeiture of all claims and mineral rights, no corporate records for the past 4 ½ years of business and taxes that have never been filed. The only tangible asset is a 45 million share certificate of Entourage Mining stock.
Current Actions
Since the Company has no available operating capital, Bill Frizzell has agreed to shoulder the current legal expenses. In order to handle the monstrous legal task at hand, Bill Frizzell has also agreed to interview, hire and direct a legal team that is now made up of several law firms from across the country. Because of the possibility of recoverable assets being brought back into the company, Bill is also hiring forensic specialists and professionals to file back tax returns, investigate past trading discrepancies, move the domicile of the company out of Nevada and audit the books, for the purpose of building a strong foundation to finally move our Company forward.
As mentioned previously, the Company is in receipt of a Wells Notice from the Security and Exchange Commission. The Company is currently in direct communication with the SEC and is cooperating fully with their investigation. Copies of documents recently provided to the Company as well as confidentiality waivers of former Company attorneys that are waiting to talk to the SEC are being provided as requested.
The Company has recently halted the transfer of a large bulk certificate to a major brokerage firm from a third party. A specialist will be hired to completely research and investigate both sides of this transaction along with the many recent transactions of possible insider sales of large bulk certificates.
Rumors
Rumors of trust accounts with money and other assets that have been established for the benefit of shareholders or rumors of dividends to be paid to shareholders are absolutely not true. Those that are demanding the Company to pay out monies held for shareholders are feeding off of this false information. Rumors that our Company was set up as a sting on the markets are false. Any rumor that has not been identified by this press release should be considered to be untrue. The Company will only provide information to shareholders through an official press release on Business Wire or on the Company website at www.CMKMdiamondsinc.com.
Outlook for the Future
West continues, “I am 100% confident that no matter how things may look today, as a united front, we can rebuild this Company. We have to once again unite as shareholders to begin to make positive strides forward. As you can well imagine, there will be an even greater influence to try and divide us at this time, we have to become so united that nothing can stop us.
“Once we have cleaned up our current legal matters, add value back into the Company and have prepared financials to be audited, it will be my intent to assemble a Corporate Governance and Nominating Committee made up of shareholders to locate, interview and recommend the most highly qualified Board of Directors to lead this Company back to trading and into the future.
“I want to remind everyone that there are two ways to look at the above information. We can look at everything in despair and believe that there is no hope for the future of our Company, or we can quickly put the past behind us and know that we can now move forward and build a brand new Company, one that already has 40,000 - 60,000 shareholders, into something wonderful. This shareholder base is, and has always been, our strongest and most valuable asset. That said, I suggest that WE, as shareholders, choose to look forward with hope, strength and determination to build this shareholder base into a solid company."
Safe Harbor Statement:
This news release contains certain "forward-looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.
Link: http://ncane.com/fzg
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