Post by mullahpaloozer on Aug 19, 2015 16:34:16 GMT -4
August 19, 2015
RE: PowerPoint Outline for Webinar #46, Reg D 504 Offering for Oil/Gas Acquisition
To All CMKM/NHHI Shareholders:
Webinar #46 was held last night, with a peak attendance of 56 in the NHHI PalTalk room for the 3 hour event. Please click here to view the PowerPoint outline of webinar. www.cmkmdiamondsinc.com
The primary topic of the webinar was the concept of CMKM/NHHI shareholders investing in our first oil/gas prospect in lieu of waiting on extended legal proceedings to provide the necessary capital to buy the assets. A tremendous amount of complex and detailed information was provided last night, and it is probably impossible for any attendee to grasp everything that was presented using the unsophisticated medium of a “free” PalTalk room. However, the meeting provided a starting point in the process of helping shareholders understand the concept, the risks and the upside.
If the company proceeds with the concept, the investment offering would be structured under a Regulation D 504 offering, with the goal of raising a minimum of $50,000 in units of $1 each, limited to CMKM/NHHI shareholders only.
The Rule 504 offering would be structured as an equity deal, in which investors would receive a 50% stake in the oil venture, and NHHI would receive a 50% stake. Depending on the total amount raised and the asset purchased, the investors would receive monthly checks for their pro-rata share of the net profit for a 3 to 5 year period. When the investors have received their initial investment back, plus a substantial return on their investment, the ownership of their 50% stake would revert back to NHHI.
The next step in this process is to get a preliminary idea of how much capital we can raise, with a minimum of $50,000 needed. Prior to any money being accepted, investors would receive a complete Private Placement Memorandum with spreadsheets, disclosures and disclaimers, and a subscription agreement. However, I need to get a better idea of how many dollars could be raised prior to spending the cash to generate a PPM and the necessary legal documentation.
If you an interest in investing into NHHI’s first oil venture, please send me an e-mail to stevek@cmkmdiamondsinc.com, and please provide a preliminary idea of how much you might be willing to invest, pending further informational exchange. So far today, I have received numerous e-mails and have preliminary commitments of at least $17,500, which is a very encouraging number this early in the process. If we are unable to secure preliminary commitments of at least $50,000 prior to August 25, 2015, then we will simply wait until our legal proceedings play out to raise the necessary funding. However, if the preliminary commitments reach or exceed $50,000, then I will host another webinar on August 27, 2015 to more clearly define the opportunity.
I look forward to hearing from you. Thank you.
Steve Kirkpatrick