Post by elcamino on Oct 30, 2004 13:01:26 GMT -5
elcamunication, October 30, 2004, Las Vegas, Nevada
Here are some details behind the SEC's actions to halt trading on U.S Canadian minerals on Thursday morning, October 28, 2004. A complaint was filed by "the shorters" with the SEC complaining that UCAD/USCA has hyped its stock through a series of press releases beginning around August 15, 2004. The allegation that UCAD/USCA ran up the stock, executed a 3-1 forward split and is now holding a Shareholder Party to pump and hype the stock back up so they can sell it is what they claim is going on.
UCAD/USCA responded quickly by contacting the appropriate authorities at the SEC and through a couple of conference calls resulted in answering a series of 18 questions that were posed them. All dealing with the press releases and the credibility of the information they contained. Also in question was their quarterly report and the value of assets claimed on that report.
To answer the complaint UCAD/USCA answered all the questions and immediately turned to providing the SEC with documentation to support the press releases and its assertions. Additionally, the 3rd quarter report usually due 45 days after the end of the quarter is almost complete and will be submitted early. UCAD/USCA also informed the SEC that all of their quarterly reports are audited.
So far, UCAD/USCA has answered the complaint by their quick response and immediate call to action to resolve this issue. Hopefully, the SEC will not tarry in their task to review the information and resume trading on USCA within the week or prior to the end of the two week period.
What we say this week was a two-pronged attack by Hedge Fund Companies on behalf of their clients "the bad guys", "shortie", "the crooks", who are trying to drive CMKM Diamonds into the ground and now UCAD/USCA because of their strong association with CMKX. The second part of that attack occurred in the Canadian legal system where allegations of trading unregistered securities was levied against Urban Casavant, David DeSormeau and Melvin O'Neil. The accusation also included CMKI (Casavant Mining Kimberlite International, the pre-cursor to CMKM Diamonds Inc.) and CMKM Diamonds. This tells us that these allegations stem from "old business" in CMKX's past. However, that does not assert that there is any truth to the allegations. The largest complaint made by the "bad guys" who have been actively attempting to discourage shareholders is that CMKX owes them shares for services that they "supposedly" performed for the company.
Obviously, the enemy is intent on thwarting any efforts that CMKM/USCA put forth to succeed in this game. They have attempted to poison the well by contacting shareholders and are now using the legal system of Canada and the U.S. to achieve its dastardly goals. They are losing. Plain and Simple. What they did not count on was CMKX/USCA's tight shareholder community, its positive leadership and its secret weapon, Master Swordsman D. Roger Glenn, Dragonslayer. Our personification of St. George who heroically battles these issues behind the scenes without drawing attention to himself or his actions. A formidable opponent for these would be purveyors of doom who are on the verge of complete and total failure
Be encourage and confident that at the other side of this circumstance will be a vindicated CMKX/USCA that will prevail. We will be fully reporting and there will be more dividends to come. CMKX/USCA are going to succeed because this is not a game of smoke and mirrors as are many Pink Sheet stocks, we have a real company, real management, real assets and real valuation in both Saskatchewan and Ecuador that will make us all major winners in the end-game.
This posting is not an official company press release and does not intend to replace the process or relieve CMKX/USCA from reporting through official channels the circumstances behind the two-pronged attack on our two companies. It is an unofficial report resulting from comments and discussions made publicly during my visit to Las Vegas and does not constitute an expression of either CMKX or USCA opinions on these issues. They are strictly my opinions and assessment based on the information provided.
Please reply to elcamino@elcaminocb.com if there are questions regarding this post.
elcaminocb
Here are some details behind the SEC's actions to halt trading on U.S Canadian minerals on Thursday morning, October 28, 2004. A complaint was filed by "the shorters" with the SEC complaining that UCAD/USCA has hyped its stock through a series of press releases beginning around August 15, 2004. The allegation that UCAD/USCA ran up the stock, executed a 3-1 forward split and is now holding a Shareholder Party to pump and hype the stock back up so they can sell it is what they claim is going on.
UCAD/USCA responded quickly by contacting the appropriate authorities at the SEC and through a couple of conference calls resulted in answering a series of 18 questions that were posed them. All dealing with the press releases and the credibility of the information they contained. Also in question was their quarterly report and the value of assets claimed on that report.
To answer the complaint UCAD/USCA answered all the questions and immediately turned to providing the SEC with documentation to support the press releases and its assertions. Additionally, the 3rd quarter report usually due 45 days after the end of the quarter is almost complete and will be submitted early. UCAD/USCA also informed the SEC that all of their quarterly reports are audited.
So far, UCAD/USCA has answered the complaint by their quick response and immediate call to action to resolve this issue. Hopefully, the SEC will not tarry in their task to review the information and resume trading on USCA within the week or prior to the end of the two week period.
What we say this week was a two-pronged attack by Hedge Fund Companies on behalf of their clients "the bad guys", "shortie", "the crooks", who are trying to drive CMKM Diamonds into the ground and now UCAD/USCA because of their strong association with CMKX. The second part of that attack occurred in the Canadian legal system where allegations of trading unregistered securities was levied against Urban Casavant, David DeSormeau and Melvin O'Neil. The accusation also included CMKI (Casavant Mining Kimberlite International, the pre-cursor to CMKM Diamonds Inc.) and CMKM Diamonds. This tells us that these allegations stem from "old business" in CMKX's past. However, that does not assert that there is any truth to the allegations. The largest complaint made by the "bad guys" who have been actively attempting to discourage shareholders is that CMKX owes them shares for services that they "supposedly" performed for the company.
Obviously, the enemy is intent on thwarting any efforts that CMKM/USCA put forth to succeed in this game. They have attempted to poison the well by contacting shareholders and are now using the legal system of Canada and the U.S. to achieve its dastardly goals. They are losing. Plain and Simple. What they did not count on was CMKX/USCA's tight shareholder community, its positive leadership and its secret weapon, Master Swordsman D. Roger Glenn, Dragonslayer. Our personification of St. George who heroically battles these issues behind the scenes without drawing attention to himself or his actions. A formidable opponent for these would be purveyors of doom who are on the verge of complete and total failure
Be encourage and confident that at the other side of this circumstance will be a vindicated CMKX/USCA that will prevail. We will be fully reporting and there will be more dividends to come. CMKX/USCA are going to succeed because this is not a game of smoke and mirrors as are many Pink Sheet stocks, we have a real company, real management, real assets and real valuation in both Saskatchewan and Ecuador that will make us all major winners in the end-game.
This posting is not an official company press release and does not intend to replace the process or relieve CMKX/USCA from reporting through official channels the circumstances behind the two-pronged attack on our two companies. It is an unofficial report resulting from comments and discussions made publicly during my visit to Las Vegas and does not constitute an expression of either CMKX or USCA opinions on these issues. They are strictly my opinions and assessment based on the information provided.
Please reply to elcamino@elcaminocb.com if there are questions regarding this post.
elcaminocb