CMKX USCA et al...more nails for the coffin, it get worse and worse by the day....and there are still people buying the crap.
8K filed today, expected they'd have to adjust their mineral asset values, followed closely by an NT10K
LOL they had their mineral rights on the asset side at over $62 million bucks.
On March 29, 2005, the registrant concluded that its previously issued financial statements,(i)as of and for the nine months ended September 30,2004, as filed in the registrant's Quarterly Report on Form 10-QSB on November 16, 2004,(ii)as of and for six months ended June 30, 2004,as filed in the registrants Quarterly Report on Form 10-QSB on August 23, 2004 and (iii) as of and for the three months endedMarch 31, 2004 as filed in the registrants Quarterly Report on Form 10-QSB on May 21, 2004, should no longer be relied upon because of an error in such financial statements. The error is in the methodology used to value the mineral rights acquired by the registrant, which resulted in the value of such mineral rights being overstated. |
