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Post# of 358427
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gody123

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gody123

Re: None

Thursday, 07/22/2004 6:12:14 PM

Thursday, July 22, 2004 6:12:14 PM

Post# of 358427
@@@@@@@@CMKX is going Private@@@@@@@@@@@
http://tinyurl.com/3rxs6

I figured out the big secret . . .
By CMKXHopeful

Urban Casavant is taking cmkx private. The last clue is in the last
dividend.

To protect UCAD from losing any value in their interest there is a
statement In Section 7.2 of the agreement that is a specific clause
prohibiting Urban from selling any part of cmkx's private subsidairy
companys.

Assuming all the claims are owned right now by cmkx Why would this need
to be in there unless Urban is going to take cmkx private.

Here is how that would work.

Your company, which we'll call Privco (short for "private company"),
acquires a public company, Pubco (short for "public company"), that has
undergone a certified audit by a certified SEC-qualified accountant.
(Important note : Many CPAs are not peer reviewed for practicing in
front of the SEC. It's illegal to hire them or use them, and doing so
could get you into a lot of trouble.)


You agree in the ultimate end to be acquired by an acquisition company
in a stock swap transaction. This company acquires all of Privco's
shares, but so many of those shares are delivered to Privco that it ends
up owning a controlling stake (typically 70-90%) of Pubco.


Privco survives as a wholly owned subsidiary of Pubco, but with a
controlling stake.

That's the whole soap opera. The overview is simple, but the details of
the process are complex.

7.2 Corporate Organization. Between the date of this Agreement and the
Closing Date, Seller shall not cause or permit Seller or its
subsidiaries sell, lease, license or otherwise dispose of any of its
properties or assets in an amount which is material to the business or
financial condition of Privco and its Subsidiaries, taken as a whole,
except in the ordinary course of business.





This appears to be the case. CMKX to go private. CIM to go public.
UCAD is already on the trading floor.

http://biz.yahoo.com/bw/040719/196042_1.html
Ron Casavant CEO, and Dave Desormeau Secretary/Treasurer, of
Casavant International Mining (CIM) said, "The company plans to
utilize these funds to initiate a drill program to re-evaluate the
known reserves of the George Lake Zinc Deposit and to establish a
course of action for the project. The company also plans to become a
publicly-reporting company." More details will be released in future
news releases.

http://www.makingsites.com/MOMMM/default.asp?body=1&page_no=4

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