Post by dcswingtown on Jul 29, 2005 9:10:14 GMT -5
WoW!!!!!!!!! Great find. I love this part "In addition, during your due diligence period you discussed with our office the contents of a call you had with an employee of a regulatory agency, wherein you were told by her it was not in your best interest to engage CMKM as an audit client".
Nice find KS7!!!! I agree, that really looks bad, when the auditor is told by a "regulatory" employee not to work for us. Seems to me, that could be construed as interference with a company's right to move forward....Maybe, if that statement is true, there is something to "Big Brother" wanting us shut down?
Post by liquidator on Jul 29, 2005 10:04:22 GMT -5
This interference is definitely grounds for an appeal IMO.
Definetely SEC intervention on the auditor. But the nice part about the letter shows us something we should all pick up on. IT confirms we have the GOODS. What I mean by that is if you notice in the letter:
1) "Following the payment of the non-refundable $25,000 fee, CMKM and its associated professionals cooperated with you fully. You were encouraged to engage a geologist of your choice to travel with you to Canada to witness CMKM's ongoing drilling program and meet with CMKM's professionals handling the Canadian operations. In addition, several offers were made to you to take a trip to Ecuador, again with any professionals you deemed necessary, to observe a gold pour at the Yellow River facility where ore from the American Shaft was being processed"
Further, during your due diligence period you were made completely aware of the current lack of complete books and records and the ongoing processes CMKM was undertaking to compile the required information necessary for you to design your audit procedures as well as address all areas of concern. You assured CMKM of your willingness to work through the process and allow management adequate time for gathering significant information outside of its current control.
2) "Second, you raised an issue as to the relationship between CMKXtreme, Inc. and CMKM and “whether the use of the funds [$4 million for ‘promotion and advertising'] truly advanced the best interest of CMKM.” We are unaware of any expertise your firm has in the promotion and advertising industries, however, numerous public companies pay millions of dollars per year to sponsor racing and other professional sports teams."
3) "Your actions have forced CMKM to expend significant additional time and resources into responding to these issues, thus diverting precious resources from its major goals of increasing stockholder value and regaining its reporting status."
In addition, during your due diligence period you discussed with our office the contents of a call you had with an employee of a regulatory agency, wherein you were told by her it was not in your best interest to engage CMKM as an audit client.
You have informed us of subsequent calls you had with the government employee following your engagement as CMKM's auditor, after which you informed us of her request to assist in locating individuals that may have been previously associated with CMKM.
Remember to do your own Due Diligance before investing in any stock. I do not recommend buying any stock based upon the information contained here without conducting your own individual research. I assume no liability for your investment decisions.
Post by godblessall on Aug 9, 2005 16:56:43 GMT -5
why hasnt any one from mgnt.notified the new appointee to the sec of this terrible situation ,this is nothing short of being conspiratoral. how can our co. move on, there have been many complaints filed against us because of the lack of filing, and these gov. agencys call and force the auditor to stop its audititing and that it wouldnt be in there best interest , i cant believe that the co has not pressed chargers against these govt. agencys as a conspiriacy to thwart our progress to file, this is appalling i cant imagine that this has not been brougth to the att. of the f.b.i. to investigate , what the hell is going on , is this a one way street to get cmkx , lets send this to the senators that are looking into the naked short problem, isnt it time to start raising hell . this has been an atempt to black ball cmkx , simply just to protect the sec &dtcc& all other org. involved, its really time to shake this foundation . its okay to shoot us down ,and that we should sit by and let these crooks yes crooks , cook us, does not make any sense i usaully dont become so agressive but this really gets at my heart weres the justice in all this crap. good luck and godblessall