Shareholder update 9.08.11
Dear Fellow CMKM Shareholders,
I spoke with many of you last Friday on my first day on the job for you. I came away flooded with emotion. After hearing of your concerns, situations, welcoming your tough questions as well as your kind remarks and well wishes, I came away from every call with a feeling of solidarity that I had never felt before. Thank you.
To be a CMKM shareholder is an honorable thing. Well shall prevail. I hereby commit to you to try and be a conduit between our company and its shareholders. I feel it is important for me to state that our current CMKM Management and Board of Directors are to commended for their honesty, integrity and dedication to not only our company but to our shareholder base as well.
I recently met most of them while in Las Vegas last month attending the recent trial. When that case went to the jury, I believe we all felt we had presented our case well and we were optimistic of a positive outcome. Although no monetary judgment was awarded by the jury from defendants Roger Glenn or Edwards Angell Palmer and Dodge, the Company did prevail with a combined $70 million judgment from defendants Urban Casavant, Ginger Gutierrez and James Kinney.
My wife, Carol, and I attended the hearing for a total of 5 days and following is my perception of the individuals that represented CMKM at the Las Vegas hearing: Mr. Jim Lowden sat at the plaintiff's table projecting a very distinguished, relaxed and confident persona as the President of the Company. Attorney Bill Frizzell and his team gave it their all and looked as if they were absolutely exhausted when it was over. In my opinion, it was a job well done. Thank you, Bill. Two of the CMKM Directors, Tom Stephenson and Stan Polsom, were in attendance and added further strengthening to our case as an ongoing concern. I would like to add that I have in the past met all three Directors of CMKM and would represent to you that Mr. Stephenson, Mr. Polsom and Mr. Summers are among the most honorable men I have ever had the pleasure of meeting. I can state without a shadow of doubt that there exists a very healthy relationship complete with a necessary check and balance system between the Board of Directors and the Officers of the Company. Finally, in my opinion, Kevin West is the unsung hero of the group although he always insists that he has done nothing on his own and that it always is and has been a team effort. He is a warm, friendly and outgoing person who is also well spoken, knowledgeable and passionate. My hat is off to all of them. I look forward to the potential of what the Company is trying to accomplish for all shareholders in the days, weeks, months and years ahead.
As for the future, it should be noted that our Company faces many obstacles and difficult decisions. As stated above, I personally believe that we are in capable hands. The Company intends to release their unaudited 2010 financials in the coming months.
Call Me, Steve Walker 903-253-0510
Fridays 10am to 6pm Central Time*
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