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
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment