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Thursday, December 13, 2007
CMKM Diamonds, Inc. CEO Update 12-12-07
12-12-07 Dear shareholders, It has been over eight months since the reigns to this Company were signed over to me by Urban Casavant. There has been a lot of work accomplished during this time that has not been made readily available to the public because of ongoing litigation. During these last few months, the Company has subpoenaed and other
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Monday, December 3, 2007
Monday, October 15, 2007
CMKM --Frequently Asked Questions Session #5: October 15, 2007
Q) How do I make an address change for my certificated holdings of CMKM Diamonds stock? All address changes must be made through the Company’s transfer agent which is 1st Global Stock Transfer in Las Vegas. Their phone number is 702-656-4919, or you can mail the request to them using the following address: 1st Global Stock Transfer, LLC 7
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Wednesday, September 26, 2007
CMKM Diamonds Inc. Shareholders’ Open Letter to Mr. Urban Casavant
CMKM Diamonds, Inc. shareholders are begging for information! All we want from you, our resigned CEO, Mr. Urban Casavant, is for you to speak to us and tell us the truth. One of your famous quotes was,, “If you are in, you WIN.” Tell us Mr. Casavant, does that sentence still hold true?
CMKM Diamonds, Inc. shareholders are begging for information! All we want from you, our resigned CEO, Mr. Urban Casavant, is for you to speak to us and tell us the truth. One of your famous quotes was,, “If you are in, you WIN.” Tell us Mr. Casavant, does that sentence still hold true?
For many of you who are not familiar with the CMKX story, here is a short background on the company.
CMKM Diamonds, Inc. is a pink sheet mining company, trading symbol CMKX.PK. In 2002, the founder of CMKM, Urban Casavant, accumulated about 1.4 million acres of mineral-rights claims in and around Saskatchewan, Canada. This is a place that many believe to be one of the best areas on Earth rich in minerals. Many small and big investors bought into a dream that this company would mine for diamonds and would give us a very good return on our money. An estimated 50,000-60,000 shareholders bought more then 703 billion shares and some say that in addition to that number over a trillion “fake” shares were sold into the market. That adds up to a total of about two hundred million dollars worth of stock just by counting the real shares. At that time CMKX shares were trading the highest in the history of the stock market.
On Oct. 28, 2005, CMKM Diamonds, Inc. was self-revoked from trading, locking in all the shareholders. Then the company asked from its shareholders to request certificates of CMKM stock and to fax a copy to the company. The main reason for this cert pull was to identify the bona fide shareholders and to distribute CMKM Diamonds, Inc. assets (mainly 45 million Entourage Mining shares and other unknown assets) to its shareholders. On March 29, 2007, Mr. Casavant resigned from all his posts, including Chairman of the Board, Sole Director, and Secretary of CMKM Diamonds Inc. In the press release that was sent out by the company that day, Mr. Casavant said, “My health issues are forcing my resignation, but I believe that I have finally found the right man to take over at the helm.” “Mr. [Kevin] West has proven his tenacity along with his care and concern for the shareholders of this company over and over again through an extremely difficult time. I want to thank you all for your continued loyalty and trust in spite of no news coming from the company for extremely long periods,” continued Mr. Casavant. Until today shareholders have never received any Entourage Mining (Symbol: ETGMF) shares that were supposed to be held in trust by Mr. Bob Mahue, who, because of his presence, made shareholders feel very sure and confident about their investment. Now the new CMKM Diamonds, Inc. management claims that they are trying to bring the company back to trading. Kevin West stated, “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.” The latest update from August 28, 2007 shows that Entourage Mining Ltd. filed a request with the SEC for CMKM Diamonds, Inc. to return the 45,000,000 shares to them. Mr. Casavant, you left your loyal shareholders high and dry and with so many unanswered questions about their investment. Please talk to us and give us some answers.
Stocks Reporter will continue to update you on the “saga” of CMKX.
By Dan Hansen Stocks-Reporter.com
Monday, August 27, 2007
Penny Stock Investing and Trading
Penny Stock Investing and Trading
If you ask anyone in the financial world what they think about investing or trading penny stocks, the answer that you will probably get will be: “Don’t do it. You will lose your money since 90% of penny stock companies are scams. penny stock companies just want to sell shares and are not interested in developing their businesses.” The truth is that investing or trading penny stocks is a very risky business. So here is the most important tip about penny stocks: Invest only money that you can afford to lose.
If penny stocks are so risky then, why do people invest in or trade them?
The answer is because you can make a lot of money in a short time if you know what you are doing.
If you are still reading and have decided that you want to trade penny stocks, you need the right tools and good advice to help you survive and even win some money.
Step # 1 – Finding the Right Penny Stock to Buy
To discover the right one stock, you will have to do some investigation, or Due Diligence. There are a lot of websites that will help you with your DD and you can find a list of useful ones at www.stocks-reporter.com.
The following points will guide you in learning important information about a company in which you are interested in investing:
1. Share structure: AS (Shares Authorized) and OS (Outstanding Stock) and Float.
2. Transfer agent transparency
3. SEC filing
4. Financial track record
5. Competitive position in its industry
6. Business model
7. Earnings power
8. Valuation or the potential value of the company.
For example, when looking into share structure what you want to see is that there is no dilution. A good sign is when the company has maximized the OS and is close to AS. Watching Level 2 will also give you good indication if there is any dilution from the company. A good strategy is to follow insiders who know the company better than anyone else.
Step # 2 – Deciding When to Buy
After finding the penny stock that you plan to buy, you have to find your entry point and how to execute it the right way. Following the trading in that particular stock for a few days together with chart analyzing will give you a lot of valuable information. At this point it is highly recommended for anyone to learn some basic chart reading or at least let others analyze the chart for you. You can ask for help on many of the popular message boards that discuss stock trading and chart analyzing. An important tip about how to execute the trade in a penny stock is: Be very patient and always try to buy at the BID price.
Step # 3 – When to Sell or The Exit Strategy
The exit strategy is something very personal to different traders or investors.
It is very important to implement your strategy immediately after executing the buy order. In most cases, a good idea would be to set a sell order of 50% of your position at around 20%-30% PPS spike. Another 10%-20% rise of PPS and then sell another 50% of your current position and let the rest ride for a while. In general, your exit strategy should be very flexible and change with news, momentum, and volume. 90% of the time, though, you should sell at the ASK so it won’t affect the run.
TIP: Remember always to take profits.
Happy Trading
Ron Kaye is an editor for www.Stocks-Reporter.com
Stock Investing and Trading Reports via Email Alerts, Articles and Penny Stock Investing Discussion Forum.
If you ask anyone in the financial world what they think about investing or trading penny stocks, the answer that you will probably get will be: “Don’t do it. You will lose your money since 90% of penny stock companies are scams. penny stock companies just want to sell shares and are not interested in developing their businesses.” The truth is that investing or trading penny stocks is a very risky business. So here is the most important tip about penny stocks: Invest only money that you can afford to lose.
If penny stocks are so risky then, why do people invest in or trade them?
The answer is because you can make a lot of money in a short time if you know what you are doing.
If you are still reading and have decided that you want to trade penny stocks, you need the right tools and good advice to help you survive and even win some money.
Step # 1 – Finding the Right Penny Stock to Buy
To discover the right one stock, you will have to do some investigation, or Due Diligence. There are a lot of websites that will help you with your DD and you can find a list of useful ones at www.stocks-reporter.com.
The following points will guide you in learning important information about a company in which you are interested in investing:
1. Share structure: AS (Shares Authorized) and OS (Outstanding Stock) and Float.
2. Transfer agent transparency
3. SEC filing
4. Financial track record
5. Competitive position in its industry
6. Business model
7. Earnings power
8. Valuation or the potential value of the company.
For example, when looking into share structure what you want to see is that there is no dilution. A good sign is when the company has maximized the OS and is close to AS. Watching Level 2 will also give you good indication if there is any dilution from the company. A good strategy is to follow insiders who know the company better than anyone else.
Step # 2 – Deciding When to Buy
After finding the penny stock that you plan to buy, you have to find your entry point and how to execute it the right way. Following the trading in that particular stock for a few days together with chart analyzing will give you a lot of valuable information. At this point it is highly recommended for anyone to learn some basic chart reading or at least let others analyze the chart for you. You can ask for help on many of the popular message boards that discuss stock trading and chart analyzing. An important tip about how to execute the trade in a penny stock is: Be very patient and always try to buy at the BID price.
Step # 3 – When to Sell or The Exit Strategy
The exit strategy is something very personal to different traders or investors.
It is very important to implement your strategy immediately after executing the buy order. In most cases, a good idea would be to set a sell order of 50% of your position at around 20%-30% PPS spike. Another 10%-20% rise of PPS and then sell another 50% of your current position and let the rest ride for a while. In general, your exit strategy should be very flexible and change with news, momentum, and volume. 90% of the time, though, you should sell at the ASK so it won’t affect the run.
TIP: Remember always to take profits.
Happy Trading
Ron Kaye is an editor for www.Stocks-Reporter.com
Stock Investing and Trading Reports via Email Alerts, Articles and Penny Stock Investing Discussion Forum.
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