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Shareholder Meeting #38
January 30, 2015
Meeting starts at 8 PM CST
WELCOME!
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Turn up your computer speaker volume for live
audio.
Steve K will provide updates, news, and
information about CMKM/NHHI business
activities, and then open the floor for
questions.
Raise your hand if you have a question and
Host will give you the floor when your turn
comes. You can ask questions audibly by
microphone or type them into the scroll.
Please avoid asking the same questions as
others. Let’s cover as much ground as possible.
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Wells Fargo – case settled (see additional slides
for details).
John Edwards has been cleared to stand trial.
His defense counsel Richard Wright has
petitioned the court to withdraw for lack of
payment by Edwards.
Criminal trial has been moved to 9/15/15.
The evidentiary hearing in Clark County, NV
District Court regarding our large judgment
recovery has been moved to early February,
2015. Our law firm has been taking depositions
this week in preparation for the hearing, which
will determine if our judgment will stand.
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Case has been settled, and as with all deals of
this type, the terms and conditions of
settlement are sealed and cannot be published.
Circumstances and newly-acquired discovery
dictated that a settlement was mandatory
needed to be negotiated prior to a complete
dismissal of our case.
Shareholders will be able to see the settlement
“numbers” on the CMKM 2015 tax return
without CMKM violating the conditions of the
settlement.
Reasons that a settlement was mandatory:
1.New evidence of John Edwards’ heavy
involvement acting as an “ex officio” officer of
CMKM, which revives the in pari delicto defenses.
2.Bill Shepherd dropped out of case, leaving our
local counsel unpaid with a large bill accruing.
3.Risk of local counsel withdrawing due to unpaid
bills. Same local counsel is handling the large
judgment that we are now defending in court.
4.Huge financial drain with zero hope of the case
ever making it to trial – fighting a huge bank with
unlimited resources and excellent lawyers.
5. The “damage model” was impossible to prove,
and we would have ultimately lost the case. CMKM
never had any real value or assets. It was always an
“empty shell” used to perpetrate a stock fraud.
6. Structuring a settlement now allows CMKM to
get access to discovery, bank account records and
bank account funds that we would have never
gotten with a dismissal.
7. The settlement should re-invigorate our
judgment recovery efforts.
8. This is only a partial list of the reasons that
settlement was not only prudent but mandatory.
1.Amazon
is the world’s largest internet
company with over 1M products for sale. It
offers easy online shopping, good pricing, and
huge selection.
2.The Amazon link is another method of
monetizing the CMKM website.
3.Amazon portal profit for January, 2015 is
$87.67 MTD, which helps offset our monthly
overhead of +/- $250/month.
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The persistent rumors of a large trust and
“payout” for CMKM shareholders are
intrinsically linked to numerous “conspiracy”
websites, including the Dinar pumper sites.
These websites are huge revenue generators for
the owners and associates.
Every time a new forecast of imminent
“payment” is issued, the traffic on these
websites increases exponentially.
There is a definite relationship between the
CMKM “payout” myth and these conspiracy
sites.
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radical reduction in oil prices has created
both challenges and opportunities. Investors are
reluctant to invest in oil deals until prices stabilize,
so we will hold off on the Reg D fundraiser until a
“bottom” in oil pricing is confirmed.
2.Lower oil prices create buying opportunities and a
reduction in drilling and infrastructure costs.
3.If we are successful in collecting the large
judgment we are working on then we will have the
cash needed to purchase oil/gas assets outright.
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Raise funding for purchase of oil/gas assets
as able.
Purchase and operate oil/gas assets.
Add to the oil/gas asset base as rapidly as
funds are available.
Grow the revenue/profit stream
exponentially.
Return to trading when timing dictates.
I will attempt to answer your questions within a
reasonable time frame. Some
questions/answers cannot be discussed in a
public forum due to ongoing litigation or
negotiations. I will not have the answer to
some potential questions. However, all
answerable questions will be addressed
honestly and fairly.
Raise your hand and you will be given the floor
to ask your questions in order.
The next Webinar will be held in February,
2015.
If you have questions or comments please email me at stevek@cmkmdiamondsinc.com.
Thank you and God bless!