TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: StocksDATsoar who wrote (145353)	7/12/2005 7:14:23 PM
From: StockDung	Read Replies (2) of 150070

=DJ SEC Gets OK To Deregister CMKM Diamonds Shares 12 Jul 2005 16:11 ET By Carol S. Remond Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--An administrative judge has ruled that the Securities and Exchange Commission can deregister the shares of CMKM Diamonds Inc. (CMKX) because the company failed to file annual and quarterly financial reports with the SEC since 2002. The SEC said in an order on March 16 that it was taking action against CMKM Diamonds to protect investors. Earlier, the SEC had temporarily suspended trading in the stock of CMKM Diamonds because of questions about the "adequacy of publicly available information concerning, among other things, CMKM Diamonds' assets and liabilities, mining and other business activities, share structure and stock issuances, and corporate management." CMKM Diamonds has 21 days to appeal the administrative judge's initial decision to allow the SEC to deregister its stock. This tiny diamond mining company has been trading on the unregulated Pink Sheets market and has not made any regulatory disclosure with the SEC since 2002. Billions of shares of CMKM Diamonds routinely change hands daily and its elusive number of outstanding shares had been the topic of much speculation until earlier this year when the company said it had some 703.5 billion shares issued and outstanding. CMKM Diamonds shares closed unchanged Tuesday at $0.0001 on a volume of more than 1.74 billion shares. CMKM Diamonds has said that it's in the process of reinstating its reporting status. The company has been the subject of several Dow Jones Newswires "In The Money" columns which highlighted its huge daily trading volume and the lack of information surrounding the company and its mineral claims. -By Carol S. Remond; Dow Jones Newswires; 201 938 2074; carol.remond@dowjones.com (END) Dow Jones Newswires July 12, 2005 16:11 ET (20:11 GMT) Copyright (c) 2005 Dow Jones & Company, Inc.

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