CMKM DIAMONDS, INC.
Transcription
CMKM DIAMONDS, INC.
Shareholder Meeting 2/26/13 Meeting Starts at 8 PM CDT WELCOME! 1. Turn up your computer speakers for live audio. 2. Steve K. will make opening comments, and then open the meeting for questions. Questions can be typed into your computer and sent to the host for answers. 3. Please try to avoid asking the same question as someone else – let’s cover as much ground as possible. 4. Please wait until the Q&A session is opened before sending your questions. 1. 2. 3. Our CMKM Researcher’s Meeting was held on February 5&6, 2013. We all had a great time of information exchange, brainstorming, and fellowship. The goal was to maximize efficiency, avoid redundant research efforts, and develop a smooth-running “team effort” going forward. The meeting was a “smashing success” and we adjourned feeling both excited and overwhelmed by the task ahead. I plan to host a live meeting with our two Shareholder Directors-Elect and their wives in mid-March, 2013. We are working out the final details and firming dates at this time. We plan to discuss all CMKM issues, but focus on the best avenues to begin investing funds as they come in in 2013 – 2014. The rumor mill says that Steve K bought the CMKM shell and will take any proceeds from litigation, etc. and shut down CMKM. This rumor is absolutely 100% false. Steve K is acting as CEO, President, COB, Secretary/Treasurer, and Sole Director but does not own anything except for 2M shares of CMKX. 1. 2. 3. 4. In spite of the fact CMKM was delisted in 2005, CMKM is still owned by its Shareholders. Each Shareholder owns a pro-rata percentage of CMKM based on the number of shares held vs. the outstanding share count. There are no Preferred Shares or “majority shareholders”. Even though Shareholders own CMKM, it is the responsibility of Management/BOD to make prudent decisions as to the direction and operation of the company. 1. 1. 2. Shareholders paid at least $210M (estimated) for the nearly 700B issued shares. 700B (issued) X $.0003 = $210,000,000 We need to convert whatever capital we acquire through court actions, asset recoveries, and collections (say $5M - $10M) into at least $210M just to provide the original value shareholders paid for stock, with zero ROI. This process will not happen overnight – it will take time under even the most optimistic scenarios. 1. 2. 3. 4. CMKM will have one last shot at becoming a viable company in the next 12-24 months. We cannot afford to squander this opportunity by chasing wildly optimistic schemes that have more chance to fail than to work. Management feels strongly that a conservative approach is best in the early stages of our rebuilding/investing effort. CMKM Shareholders have endured years of frustration – management has no intent to add to that frustration by pursuing deals that take years to become profitable. 1. 2. 3. 4. 5. 6. Keep overhead low. Raise cash through litigation, sales of reclaimed land, debt collection, and fundraising efforts. Pay off all debt. Build stability and a strong Balance Sheet. Build a viable company using seed capital to invest in profitable ventures. Return CMKX to trading status. Steve Kirkpatrick will attempt to answer any and all questions within the time limit of three hours. Some questions cannot be answered or discussed in a public forum, and some questions he will not have the answers to. However, all answerable questions will be answered honestly and fairly. Type your questions into the “Chat” dialogue box and hit send. Your questions will be seen by all attendees in “Chat”. The next company meeting will be held in January, 2013. Please monitor the CMKM website for further information. If you have comments on the webinar, suggestions on how to improve the events, or questions, please e-mail me at [email protected]. Take care, and God Bless!
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